Have you ever seen a rainbow in real life? Surely, it is very beautiful and brings positivity to you. As for the Rainbow trading strategy that I am about to introduce to you, it will also bring happiness to you if you know how to use it to make profits stably. This is a method that closely follows the price action when using only 1 indicator, the EMA (Exponential Moving Average). Let’s read the article to know more right now.<\/p>\n

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How to set up and trade with the Rainbow strategy<\/h2>\n

As mentioned above, the indicator of this strategy is extremely simple. It is 3 lines of EMA including EMA6 (lotus pink), EMA14 (purple), and EMA26 (blue). You can choose the color you prefer to make it look like a rainbow after the rain.<\/p>\n

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• The timeframe of the chart is 5 minutes.<\/li>\n
• The expiration time is 15 minutes.<\/li>\n
• Only trade when the market is trending.<\/li>\n<\/ul>\n

  The rules for entering orders are as follows.<\/p>\n

  To enter a HIGHER order, the trend must first be bullish. Next, the EMA6 must be above the EMA14 and EMA26. If the price pulls back to touch EMA14, open a HIGHER order immediately with an expiration time of 15 minutes.<\/p>\n