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e-Rainbow Trading System with IBS RSI CCI Filter Indicator


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.

Trading NOTES

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  • Time Frame: 15 min or higher
  • Financial Markets: any

 

MetaTrader Trading Indicators
  • e-Rainbow
  • IBS RSI CCI V3
  • CCI

 

BUY Rules


  • Price above the “Perfect Bullish” e-Rainbow formation
  • IBS RSI CCI  yellow line above 0
  • CCI line above 0

 

SELL Rules

  • Price above the “Perfect Bearish” e-Rainbow formation
  • IBS RSI CCI  yellow line below 0
  • CCI line below 0

 

Trading NOTES
  • 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.

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