This “e-Rainbow Trading System with IBS RSI CCI Filter” system works well in the side market and in markets trending. But this is not Holy Grail.
- Time Frame: 15 min or higher
- Financial Markets: any
- IBS RSI CCI V3
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- Use a demo account or a small live account first to practice this trading system
- Price above the “Perfect Bullish” e-Rainbow formation
- IBS RSI CCI yellow line above 0
- CCI line above 0
- Price above the “Perfect Bearish” e-Rainbow formation
- IBS RSI CCI yellow line below 0
- CCI line below 0
- Exit position with predetermined profit target that depends on currency pair and the time frame or at the opposite bands.
- Initial stop loss at the previous swing.