I’ve been very interested in the scalping strategy called “Urban Towers Scalping Strategy”. The people who introduce this strategy use MT4 and have an indicator that you can download called the “Rainbow” indicator. I use FXtrade with OANDA because of how little you can trade with. FXtrade does not allow additional indicators installed so I can’t use the indicator in the tutorial.
I’ve heard some people say that if I set 5 separate EMA’s at 37,39,41,44,47,50, it’s the same thing.
But when I watch the tutorial videos on this strategy, it seems that my manual EMA’s are nowhere near as far apart from one another as the actual indicator they are using in the tutorial. I’ve tried different zoom views and everything.
Does anyone know the correct EMA input values for this strategy or would anyone with mt4 be willing to download the indicator and then put my EMA values on top of it to see if they find it the same?
I know this seems like a lot to ask, I just don’t know what else to do.
Thank you so much everyone,