剥头皮彩虹 (Scalping the Rainbow)

Hi everybody, I bumped into some posts on this forum about rainbow trading and nothing was clear how to trade it, so I started my own system. I'm just at the beginning of development of it and I start this tread in hope that others would contribute to it and would be open source, so good ideas would be included and tested and we will have a good solid system. Some software is developed like that and the products are great as is the result of many. ie OpenSolaris, Linux., Firefox ....
I'm getting very good results so far and I'll start to post them.
Here is where the system got so far:

1. EUR 1 min chart with the WMMA Rainbow
2. EUR 5 min chart with WMA(12) and a trend line
3. Determine best time to trade (good volatility). Don't trade at news time; wait 10 -15 min after news.
4. Determine 5 min trend ( ie. trend line up & higher highs & higher lows & price retracts and then passes the first peak (resistance) & price on top of WMA(12) = trend up)
5. On 1 min chart price (thin white line) goes into MA's
6. Take the trade in the direction of the 5 min trend when price comes back from red with 1 mini lot for every $500 in your acct. and SL20, TP10 ; this is a 4% risk because the system has more than 80% wins.
7. Sit back and relax.