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This very very good system to all timeframe and scalping
What time frame u use LEO ?
i never have system like this
5 minutes ?
and How trend ? We must trade with trend ? like Green, Yellow, red ?
how about profit, filter and exit ?
sorry my english bad too
regrads
hey Hi,
I´m Really glad you guys like it.
Go long, Green Rainbow must be above the the red, Go Short, Green Must be below, TREND Indicator 75% (STRONG) or more, that defines the trend. I trade in the 5 min, but you can check bigger time frames for more confirmation. Don t you worry about filters, There are a lot of them in the system. For Stop Loss you can use 5 pips above recently high or a fixed 25 pips + spread. . Trading bigger timeframes, you guys are going to need bigger stop losses, but it works the sameway, just open a 30min chart and try to find the past signals, and develop your own strategy. But if you can check your monitor all day, I think you should trade in the 5 min TF with this system.
if rainbow say long, but other indicator say short. we can open entry ?
against with raibow or trend ?
Hi,
If you do that, then you re not folowing the system.
Why you should not. Because you wanna trade with the probability in your side. Imagine a Mountain, it´s so much easier to Push a Rock down then Try to push it up, if you try to go up, it s to much trouble and eventually the rock will slip down rigth over your Head.
Your template is excellent. Lots of useful information and indicators. I don't see why it can't be used on any time someone wants to. Have already made some demo pips on the one hour chart. Your PDF really contains all the answers that anyone needs as to how to use it. Personally, I eliminated the fib lines, and added the Murray math indicator. Your system is so easy, and the template so good that all one needs do is check the up or down trend pecentage first, and look for it to be at least over 75%, and if it is, to look at the other indicators. Thanks for introducing it.
hello guys and Thanks Leo
What do you think of my tpl below ? It's clearer and includes all indies...
Who's making pips using leo's method ?
i didn't try it yet...
Linear Mode
