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Forex Averages Rainbow RSI Trading System


DOWNLOAD Forex Averages Rainbow RSI Trading System – Averages Rainbow Strategy is a pure trend following strategy for trading based on Averages Rainbow, RSI, and Contrast MTF indicator.

In this case, the Averages Rainbow indicator is green for uptrend and pink for the downtrend. Other indicators for this strategy are the buzzer and StepMA Arrow.


  • Time Frames: 30 min or higher
  • Currency Pairs: All Majors pairs
MetaTrader Trading Indicators
  • Averages Rainbow (26, 2, 10, 9)
  • RSI (8)
  • Step one (25, 2.5, 0.5, 50)
  • Buzzer (period 20)
BUY Rules
  • Price above the Averages Rainbow
  • Averages Rainbow pink color
  • RSI line downward and below 50
  • Step one SELL arrow
  • Buzzer blue line (optional)
  • Contrast MTF indicator – Two green bars of the histogram in the sub-window, (more conservative with three green bars)
SELL Rules
  • Price below the Averages Rainbow
  • Averages Rainbow green color
  • RSI line upward and above 50
  • Step one BUY arrow
  • Buzzer red line (optional)
  • Contrast MTF indicator – Two red bars of the histogram in the sub-window, (more conservative with three red bars)
Trading NOTES
  • Place the initial stop loss on the previous swing high for SELL and swing low for BUY.
  • Exit at the opposite arrow or with predetermined profit target that depends on currency pairs and time frame.

DOWNLOAD TRADING SYSTEM


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