It takes more than a simple touch or bounce from the signal line which is one thing I like. Too many strategies leave identifying the actual signal open to interpretation. Not with the this one. The use of high and low moving averages to create the buffer zone is a stroke of genius that I may add to my own analysis.
This system sucks for one major reason, you have to have a highly adaptable trading platform to use it. The average trader, and especially newbies, does not have access to this kind of trading system. I also want to point out that even though you are told to use an ADX applied to the typical price the strategy never tells you what to do with it. The Cobra looks like it is going to be a good system for short term binary options traders, provided you are experienced enough and have the right chart package to use it.
The bad thing is that I think it is not accessible to new traders. Other than that my hat is off to Joy22, I think you have come up with a good strategy and one that I can endorse. The Cobra Strategy is an approved strategy for binary options. Why The Cobra System Sucks? All Rights Reserved.
Submit by Joy We only trade in the direction of the trend! This is central to the whole system. This one basic principle reduces our risk dramatically by limiting us to trades that already have the momentum of the market behind them. But remember this is a short term trending system, so when I say we only trade in the direction of the trend, I mean we trade in the direction the market has been moving over the last 3 days, broken down over 72 hours on the 1 hour charts.
So we use a 72 period Moving Average line MA as a guide to tell us the direction of the current short term trend. A 72 moving average line is simply a line which tells us the average direction of the market over the last 72 candles in our case the last 72 hours because each of our candles is 1 hour long.
If the real price is above the 72 MA, we take it that the market is trending upwards, so we ONLY take trades in that direction, which means we only buy. If the real price was below the 72 MA, we would take it that the market is trending downwards so we only take short trades we only sell the currency.
In the picture below Cobra Forex Trading System in action. The 72 period SMA is a basic moving average line which calculates and plots the average price over the last 72 candles. And this MA is exponential which simply means it gives a little more weight or importance to the most recent candles over the oldest ones.
So they can take the average of all the closes, highs, lows, opens, or a combination of them. It will all become apparent why as I explain the system in detail. The Moving Averages tell us the direction of a trend. If the line is moving up, it means there is an up trend, and if the line is moving down, it means there is a down trend. This indicator in its most basic form measures the average direction up and the average direction down over a set period in our case 14 candles or 14 hours and then smoothes the calculation out by adding a Moving Average line between the two.
The indicator is used to tell us the strength of a trend. The ADX draws a line on a graph underneath our main chart. If the line is moving upwards, it means the trend is strengthening. If the line is moving downwards it means the trend is weakening. There are also certain levels on the graph. When the line is below a certain level it means there is no trend at all, and when it is above a certain level it means we are in an extreme trend.
Again all this is explained more clearly as I go through the system with you. And what you have there is everything you need in order to use this system.
If price is above the 72 hour moving average then the trend is up and bullish trades are made, if price is below then the trend is down and only bearish trades are made. The moving averages created a signal line that includes a buffer zone for added safety.
Signals are only taken once price action moves beyond the buffer zone. Well, once you get your system programmed correctly for this strategy it is pretty simple. Trades are only taken with the trend, the trend is set by the 72 hour moving average. The signal occurs with the first candle that opens and closes out side of the buffer zone.
The same is true in reverse for a bear signal. This system does not suck because it appears to work. Plus, it utilizes a combination of signals to determine trend and entry in a way that reduces risk and capitalizes on the day to day trends in the currency markets. Signals are clearly defined and easy to spot. It takes more than a simple touch or bounce from the signal line which is one thing I like.
Too many strategies leave identifying the actual signal open to interpretation. Not with the this one. The use of high and low moving averages to create the buffer zone is a stroke of genius that I may add to my own analysis. This system sucks for one major reason, you have to have a highly adaptable trading platform to use it. The average trader, and especially newbies, does not have access to this kind of trading system.
I also want to point out that even though you are told to use an ADX applied to the typical price the strategy never tells you what to do with it. The Cobra looks like it is going to be a good system for short term binary options traders, provided you are experienced enough and have the right chart package to use it. All free channels check in my profile here. Those are replant indicator may cause a misconception to traders. No matt. Note : This indicator is only sold through mql5.
Not through other third party and no website. Please notify your buying by writing on comment because we don't have any buyer's detail so we can't reach you. TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. RevCan Trend Entry Point Indicator is a trend based MT4 indicator that does all the price and chart analysis all by itself at the chart back-end and whenever it finds any potential high quality trading opportunity Buy or Sell using its revolutionized price prediction algorithms, it sends instant trade alert directly on the chart, MT4 terminal and on the connected mobile device.
The trade signals will be visible on the chart as Up and Down arrows, while the instant audib. It is based on our main indicator Best reviews: Advanced Supply Demand. It is highly configurable for your personal. This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. Signals appear when the current candle closes.
Please don't forget to follow your money management plan. Volume Critical can accurately locate the cheapest areas to place trades. Enter reversals as early as possible to get the best Risk Reward setups! Up trend : indicator is above and strong trend is above Down trend : indicator is below and strong trend is below How to use You can be customize color and level of indicator.
You can be customize alert and define alert on next bar or instant bar. It was developed to facilitate the analysis of operations based on candlestick patterns and supply-demand zones. These zones are possible movement reversal points. For this indicator is generated by the order block of smart money concept. Input parameters: 1. Indicator overview Trend indicator usage Moving averages. Highest quality alerts that need no introduction. It is completely loyal to the original algorithm and uses other useful features.
Easy to trade Carry out all kinds of notifications It's not a new paint and it's not a back paint. Using it for maximum benefit Set up notificatio. Set value Oversold and Overbought 2. Set period RSI 3. Set Color 4. Notify to Alert, Email and Mobile. For Trading :: Forex and Binary option 1.
When the color alarm occurs in the OVB area, do the preparation. To enter a Sell order 2. When the color alarm occurs in the OVS area, do the preparation. To enter a Buy order 3. Using it for maximum benefit Set up notificati. There are 8 types of this indicator. Consisted of 1. Bullish and Bearish Engulfing 2. Morning and Evening Star 3. Three Inside Up and Down 5. Three Outside Up and Down 6. Bullish and Bearish Harami 7. Tweezers Top and Bottom 8. Piercing and Dark cloud cover Signal Filter :: 1.
The appearance of the candle stick 2. SMA 3. RSI N otification :: 1. Via screen 2. Email 2. Phone For trading 1. Scaling 2. Binary options. Trading is a trade war. So a trader is a warrior. That can accelerate the results precisely Who deserves this kind of precision weapon? People who want to profit. From binary options trading 2.
Those who want to trade short, profit fast 3. People who want long-term Can be done 4. Newbie can use it. Old hands can be used very well. How it works It works very easy. For binary options Time fra. For this set of indicators 1. General information - Calculates with high performance mathematical algorithms. How does it work? Settings - A complete candle.
Settings - Retracement is re. Trading is a trade war So traders are warriors. A warrior needs a weapon. The Binary Galaxy A1 is a powerful weapon. Extremely accurate This tool can be customized as you like. Who deserves such an accurate weapon? People who want profits From binary options trading 2. People who want long-term can do it. Beginners can use it. Old hand works very well.
For binary options Time frame M1 or M5 and expires. The Scalping One Plus A1 is a powerful weapon. For binary options Time frame M1 or M5 and exp. We know for sure that The Fibonacci sequence is a science used to calculate or estimate target distances. How does this indicator work? Tell the spread status 2. Tell me the current price 3. Indicate whether the candlestick status is bullish or bearish on each time frame. Indicates the status of the past 2 candles 5.
The Cobra strategy is one submitted by Joy This strategy is a trend following strategy and only takes signals that are in line with the trend. - This indicator was developed with the intention of simplifying the technical analysis of traders. - It is very simple to use and is applicable. 1 Binary options allow traders to make time-bound conditional bets on predefined values of stock indices, forex, commodities, and events. Like a standard.