You will be able to apply it on any Forex currency pairs and it also fits with all kinds of time frame charts. After the successful installation in your mt4 terminal when you load this system, your chart should appear like the following image:. Recommended Strategy: Var Moving Average Indicator. Volume Profile Indicator. Flash FX Scalper.

Mandrake Trading System. Lang Strategy Trading System. CTG Structure Neural Networks Model. The Spectrum Forex Trading System. Rider Evo Forex System. The Valeo FX Method Trading System. I have been actively trading the financial markets since April Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs.

At my leisure, I love attending live music, traveling, and partying with friends. Save my name, email, and website in this browser for the next time I comment. Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money. Forex Brokers. Trend Following Systems.

Trend Following Indicators. Install System in MT4. Install Indicator in MT4. Forex No Deposit Bonus. Best Forex Trading Strategy. Free Forex Systems MT4 , Trend Following Systems Forex Cobra Trading Strategy MT4 Home » Trend Following Systems » Free Forex Systems MT4 » Forex Cobra Trading Strategy MT4.

By Arun Lama Updated On 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 Wolf you can use any system without StopLoss, that's up to you but what if a move goes against you, when will you get out? 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 :- The Cobra System will keep your losses small don't take trades when your entry is too far away from your stop loss and will get you into trends, AFTER the dust clears up 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?

vijay Saturday, 21 December Channel Metatrader Indicator - Forex Strategies - Forex Resources Damiani Metatrader Indicator - Forex Strategies - Forex Resources txt Site map. Submit by Joy22 We only trade in the direction of the trend! Cobra system. Comments: 4. Forex Cobra System Templete. compressed file archive Bytes. Forex Cobra System.

This is an extremely low risk , high reward strategy which can and will change your life if you use it properly. it is! The only thing that could make this system fail over the long term is you not sticking to the rules……. The other great advantage of this system is the fact that it is self-adaptive and works equally well on any currency pair.

the system works on all of them. this is a mechanical system, which means you will be getting fixed entry and exit signals which tell you exactly what to do and when.

Pure simple instructions of what to do and when to do it! The Forex Bitcoin Cobra System is a short-term trend following system. That means the system takes advantage of short-term small trends within the market. There are a million and one trading strategies out there, and most of them can be profitable when traded correctly. However, it is universally accepted that trend following strategies are by far and away the most profitable strategies available.

More money is made…. more easily, from trading in the direction of a trend, than from any other method ever invented. And this is where the Forex Bitcoin Cobra System steps in and takes full advantage. But traditional or more commonly used trend following strategies has an inherent flaw which often makes them less attractive to new traders. The bottom line is that mainstream trend following systems require a great deal of patience and discipline……….

But this is where the Cobra System is different to other methods out there. And so with this system, we are presented with many more safe and profitable trading opportunities than we would normally get from the average trend following strategies. Plus, the system is designed with detailed in-built safeguards to filter out bad trades and protect against whipsaws and losses when a market enters a period of dangerous ranging.

The system has been developed, tested, and optimized for use on the 1-hour time frame, but it could actually be just as easily adapted for use on any other time frame either higher or lower. But for the purpose of learning the system at its optimum, this manual deals exclusively on the 1-hour charts. This is the time frame which has proved to be the most consistently profitable, and easiest to learn.

In fact, the ONLY way to avoid whipsaws and bad trades is to NOT trade at all! Obviously not an option if you want to make money. My job has always been to make the safest, lowest risk systems which had the number one rule of protecting trading capital as the priority. So when developing this system, my biggest concern was reducing and limiting whipsaws and bad trades down to an absolute minimum.

And so the Cobra system has got trade filters built in to it which are absolutely incredible at protecting us and keeping us out of false trades which have no trend behind them. In short, the philosophy of this system is to provide all the benefits and profits of a trend following system, without the typically high number of drawbacks associated with all other trending strategies. 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 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. We simply look at the 72 MA to determine where the bias is in the market at that moment, so as to increase our chances of trading in the same direction as the current market momentum. We are just trying to establish which direction the market is currently favoring, and then we are going to trade in that same direction.

It seems pretty basic, and it is! But believe me, this is going to make you some seriously easy cash. And the moving average line is the quickest way to establish the bias of the market which way is it preferring to go?

This section will very briefly outline the system set up, explain the tools and indicators which form the system and show you how they are plotted on your charts. This is, in general, a very clean system. There are actually only 3 indicators used in the whole system , even though initially it looks like seven.

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 uptrend, and if the line is moving down, it means there is a downtrend. The ADX is the Average Directional Movement Index , and it really complements the MA lines.

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. This is the first element of the Cobra System.

The idea is very simple and the basis of just about every trend following system ever devised. So the first thing that needs to happen is for us to establish the direction of the short-term trend, and then get ready to trade in that direction.

We use the orange line to help us easily identify the direction the market is moving in over the last 3 days. If the orange line is moving upwards, it means the short term trend is up. Now as I have already mentioned previously, there is a drawback to the Moving Average…….. So the real price has already changed from one trend direction to another, BEFORE the moving average changes direction.

So we need a secondary indicator to establish which way we should be trading, to compensate for the delayed aspect of the MA. That means we will only ever buy the currency if the price is above the orange line, and we only ever sell when the price is below the orange line. This basic method does two very important things for us which makes the system so much more profitable than other trend following methods.

FIRSTLY , it keeps us out of low probability trades. It prevents us from taking what may at first appear to be a good trade set up, which is, in fact, going counter to the prevailing trend and is, therefore, less likely to turn out profitable. So it effectively reduces our number of losing trades by forcing us to ONLY trade in the direction of the trend.

SECONDLY , by relying on the moment that real price crosses the orange line to signal our change in trend direction, we can get in to new trends much earlier than if we were waiting for the orange line to finally change direction which could take several hours or more to happen because of the lagging nature of the MA.

With the Cobra System, we use the price crossing the MA as the earliest possible sign that the trend is changing direction, which means we can capitalize on new trends before anyone else, and pick up bigger profits than everyone else.

Ok so now we need to decide upon our reasons to enter the market in whichever direction the trend is telling us to go……. and this is where the 12 EMA enters the system. To keep it simple I will call the 12 EMA the blue line from now on. A solid inner line, with two dotted outer lines on either side. The inner line is the true Moving Average which represents the average typical price over the last 72 or 12 hours respectively.

But a single line like that is too thin to be used in any way as an aid to entering the market on a trade. First of all, we need to see whether we are above or below the orange line so that we know which direction we are supposed to be trading in.

For this example, we are saying that price has moved above the orange line. Once we know which direction we are trading, we look for the moment that price moves outside of the blue buffer zone on the side of our trade direction. The signal comes in two stages. The first part is when a candle closes outside of the blue buffer zone in the trend direction. So if we are above the orange line, we wait for the price to close outside and above of the blue buffer zone.

We then wait for confirmation in the form of another candle opening AND closing outside and above the blue buffer zone.

You should notice that the price has moved ABOVE the ORANGE XONE which means we are now only going to take long trades. We then get a candle which breaks out of the blue buffer zone and closes above the outside edge of the blue zone. The first candle has to at least close outside of the blue buffer zone. The second candle has to have the open AND close of the candle outside of the blue buffer zone, and it has to be the same color as the first candle. So if you are looking at a long trade buying , both candles should be up candles and vice versa if you are looking at going short selling , both candles should be down.

If you do not get the two candles confirming each other in that way, then there is no entry signal whatsoever. The basic idea is we are waiting for the price to break out of the blue zone before we enter the market with a trade. And those small losses can quickly add up to one very big chunk of your trading capital washed down the toilet.

Filtering out bad trades has become the search for the Holy Grail for Forex traders. Unfortunately, there is no way to avoid all the bad trades. However, we can add some rules and filters to try to reduce the number of false signals we get and limit the number of bad trades we run in to. The previous section covered the basic entry signals we look for, with the price breaking out of the blue zone……but there are actually a number of other small criteria which we also need to confirm before we get a valid entry signal.

But there are occasions when the price may be outside of the blue zone, but is still inside the orange zone.

ex4, Heiken Ashi. This is an extremely low risk, high reward strategy which can and will change your life if you use it properly. We can expect that these SMAs are going to provide us the potential support and resistance in the trading instrument. And so because of this, if the second candle forms as a reversal pattern, we do not enter the trade, even if the candle meets all the other criteria i. And if you feel uncomfortable with this strategy, backtest the system performance by using the demo account. In the picture below Cobra Forex Trading System in action. However, it is universally accepted that trend following strategies are by far and away the most profitable strategies available.

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