What is the Rainbow ATR Strategy for MT4?

The Rainbow ATR Strategy is a popular Forex strategy that uses automated technical analysis to trade currency pairs. This strategy aims to find strong buy and sell signals based on moving averages, MACD, RSI, and other technical indicators.

Rainbow ATR Strategy

Download Free Rainbow ATR Strategy

To use the Rainbow ATR Strategy in MT4, first, open your account at MetaTrader 4. Next, select the “Strategy” tab above your chart window. From here, you will see several options for customizing your trading experience. Select the “Rainbow ATR” strategy from the list and click OK to use it.

Once you have set up your Rainbow ATR Strategy in MT4, you will need to enter two critical pieces of information: Your starting position (sell or buy) and how much capital you want to invest (in terms of percent of total portfolio). Then press Apply To Trade button below your investment field to start trading!

How could you use Rainbow ATR Strategy for MT4?

To use Rainbow ATR strategy on the Forex trading platform, you must open an account and create a strategic asset allocation. Once that’s done, set up your trade settings and enter the desired parameters for the indicator: length of each color MA, crossover point(s), and periodicity. You’re ready to go!

When using indicators in forex trading, many options are available, so it’s essential to find one that works best for you and your unique investment goals. By using Rainbow ATR strategy alongside other technical indicators, you’ll be able to improve your overall understanding of market dynamics and make better-informed decisions about where to place your investments.

Rainbow ATR Strategy MT4 trading settings

Depending on the condition of the markets, you can use different settings for your MT4 forex account to optimize profits. Here are some recommended settings:

-Set up a 9-period moving average (MA) as your primary technical indicator. This will help you stay neutral during volatile periods and ensure you don’t get too caught up in short-term trends.

-Add a 25% trailing stop-loss to protect your profit margins if the conditions change suddenly in favor of the bears or bulls.

-Use two pairs of Bollinger Bands – one with tighter bands near 0% and another with wider bands near 100%. These bands serve as indicators of market sentiment and can help predict when prices are about to reach new highs or lows

Rainbow ATR Strategy Advantages

Forex Rainbow ATR Strategy is a very profitable and reliable strategy that uses trend-following rules to identify the best time to sell or buy currencies. It has several advantages, such as entering and exiting trades quickly, ensuring consistent profits, and reducing risk.

Some of the key benefits of using Forex Rainbow ATR Strategy are:

-It is a trend-following strategy that uses advanced technical analysis tools to calculate optimal timing for selling or buying currencies. This allows it to execute trades quickly and accurately, minimizing losses while achieving consistent profits.

-The strategy is designed for traders who want maximum returns with minimum risks. Following a well-defined set of rules reduces the chances of making mistakes that can lead to financial ruin.

-Since it relies on trends rather than short-term fluctuations in prices, Forex Rainbow ATR Strategy remains effective even during volatile market conditions. This makes it an ideal choice for those who want safe but profitable investments over long periods

Rainbow ATR Strategy Disadvantages

Forex Rainbow ATR Strategy is a popular trend these days. However, some things could be improved by using this strategy. First, it can take time to determine when to sell and when to hold on to your positions. Secondly, the risk involved with this type of trading is high, so you must be prepared for potential losses. And lastly, this approach only works well in some market conditions. Rainbow candlestick patterns aren’t the best option if you’re looking for a guaranteed way to make money in forex markets.

Strategy installation on MT4

The Delan Revisited strategy is an automated trading system developed for the MetaTrader 4 (MT4) platform. To install the strategy on your MT4 platform, you will need to follow these steps:

  1. Download the Delan Revisited strategy file from the internet. The file should be in the form of an “Expert Advisor” (EA) file with a “.mq4” or “.ex4” file extension.
  2. Open the MT4 platform on your computer, and click on the “File” menu at the top of the screen.
  3. From the File menu, select “Open Data Folder.” This will open the MT4 data folder on your computer, where you can store custom indicators, scripts, and expert advisors.
  4. In the MT4 data folder, navigate to the “MQL4” folder, then the “Experts” folder. This is where you will need to place the Delan Revisited strategy file.
  5. Copy the Delan Revisited strategy file into the “Experts” folder.
  6. Close the MT4 data folder and return to the MT4 platform.
  7. In the MT4 platform, click on the “Navigator” window, which is usually located on the left side of the screen.
  8. In the Navigator window, click on the “Expert Advisors” tab, and you should see the Delan Revisited strategy listed there.
  9. Right-click on the Delan Revisited strategy and select “Attach to a chart” from the context menu. This will open the system on a chart in the MT4 platform.
  10. Once the strategy is attached to a chart, you can configure its settings and start using it to trade automatically.

Rainbow ATR Strategy mt4

Rainbow ATR Strategy mt4 free download


The Delan Revisited strategy is an automated trading system that you can use on the MT4 platform to trade stocks and commodities. To install the process, you need to download the file from the internet, open the MT4 data folder on your computer, and place the file into the “Experts” folder.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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