I have moved some of "My Pictures" files and can show you a few other charts.
Unfortunately I didn't want to introduce you to the other members of the team just yet, but in the interests of moving this thread forward I am proud to unveil the "Multiple Stochastic Family" who are the only other indicators invilved in this Position Trading Strategy.
I wish to publicly acknowledge "Spudfyre" as the owner of this intellectual property. Without Spudfyre's insight andd creative ability, I would not have taken this idea to this length.
Spud's Multi Time Frame Strategy Guide
and
MTF Stochastics
The explanation of the MTF (Multi-Time Frame) Stochastic is here:
Spuds Stochastic Thread Theory
I offer those three links, and I expect you will want/need to crawl all over those threads in order to really develop an insight into HOW MTF Stochs really can make the difference here. The Rainbow Charts are one thing, but add the MTF Stochs and you have one great approach - a strategy that can have you doing ANYTHING other than screen-gazing as you crank up your account equity.
I believe Spudfyre initially used his Stochs for scalping 20-to-50 pips using a 20-to-25 pip Stop Loss. I have not read his entire threads yet myself - but my application of his invention is to the longer time frames. I am not a successful scalper at all!
I will post other charts as able, and as time goes on, I shall get into live trading. Really, there is no need for this thread to go further as far as the theory goes - you should have it all now - nothing to do except discuss the concept.
Here are some shorter TF charts - unable to load from my platform yet ... I am not a software wizard as is becoming obvious!
I think there is enough food for thought here for today.
Because we are trading over days-to-weeks here, selecting entry/exit points will be academic. As we know, the longer the time frame traded the less critical the entry. There are ALWAYS optimum landing points (entry/exit) but you would agree that 20 pips out of 350 is really spliitng hairs a bit.
Having said that, optimum entry CAN be effected through looking at LOWER time frames prior to taking a decision to trade. But it is not essential.
My own exits have been discretionary - I rarely use technical exits, (other than to exit when the stochs are becoming "fish-net" in appearance, or the Long Term Stochs are beginning to slip under the Short term ones) though I could surely pick up much more from the trading table by refinements in these areas.
BTW - the template for the MTF Stochs can be found on one of the links above - Spudfyre has written and EA for MT4.
If requested, I will post the parameters (sorry - no EA or Template) for the Rainbow MMA's.