Wonderful forex indicator. Cobra system, Cobra forex system, Indicators: 72 period SMA (Simple Moving Average) applied to the “typical price” (high+low+close)/3. 72 period SMA calculated off the high of each candle. 72 period SMA calculated off the low of each . Hope this helps and I wish everyone lots of success with this wonderful system! #3.

Wonderful forex indicator

Trend Signal Indicator 3 in 1 - High Profit Forex

Wonderful forex indicator. Forex trading strategy #a (4hr MA Trends). Submitted by User on June 29, Indicators: 5 SMA applied to close, 14 SMA applied to close and EMA of and applied to close. Pairs: any. Time Frame: Now this system is pretty cool and wonderful, suggestions and questions are welcome. Thanks.

Wonderful forex indicator


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. See pictures example e read pdf. Share your opinion, can help everyone to understand the forex strategy. Ronald Saturday, 03 May After a margin call? This goes for all systems, of course.

When the system signals a buy or sell, after a big candle, it might be best to wait for a pullback to the 12 EMA, before opening a trade. Also, when a 'normal' candle closes outside the 12 EMA, enter on the opening of the next candle only after it breaks the high of the candle that closed outside the 12 EMA this will avoid getting tricked into false moves, which happen a lot in forex - it's a dirty business, people.

It always makes me laugh when traders complain about a system giving 'false signals', because it's people well, more like 'sharks', 'market makers', 'big money', or whatever you wanna call the crooks that rule the financial world who are constantly trying to lure retail traders into opening trades in, what afterwards turn out to be, the wrong direction.

This is how they make their money and how you lose yours: Hope this helps and I wish everyone lots of success with this wonderful system! Ronald Saturday, 15 March This is simply an already existing system the Forex Cobra System , which is pirated allover the internet. It's pretty good and there should be an EA with it, but seemingly this EA is nowhere to be found. Wolf Tuesday, 11 February You have a very good system.

My Question is now, can i use this system for binary options without StopLoss? Submit by Joy22 We only trade in the direction of the trend! 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 Indicators: Forex Cobra System Templete. Adobe Acrobat Document 1.


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