Forex Cobra Trading Strategy MT4 is very much ideal for the trend following traders for its one of the most practical trend identifying techniques with two sets of Simple Moving Averages (SMA) along with Average Directional Index (ADX). The SMAs are designed in a very much logical view to spot the right crossover as trading signals.
Forex Cobra Trading Strategy can be mastered by any trader who has the basic knowledge of Moving Averages (MA). It is very much easy to interpret and displays the price actions in a quite clear manner that any level of trader would be capable to follow this strategy. You will be able to apply it on any Forex currency pairs and it also fits with all kinds of time frame charts.
Forex Cobra Trading Strategy Overview
After the successful installation in your mt4 terminal when you load this system, your chart should appear like the following image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
Forex Cobra Trading Strategy Anatomy
- 12 SMA (High, Low & Typical): This 12 period set of SMAs calculate their levels on the basis of price bars High, Low and Typical Average systems. They react very quickly with the price actions of the market for this reason they are also called as fast SMAs.
- 72 SMA (High, Low and Typical): As like as 12 period SMAs these 72 period set of SMAs also calculate their levels on the basis of price bars High, Low and Typical Average systems respectively. They react slower with the price actions than Fast SMAs and ideal to use by the intraday traders.
- ADX: ADX value rising from 20 level signals the trend strength (for both bullish and bearish). On the other hand ADX value falling from above 40 levels indicates the weakness of any trend. ADX is considered as one of the most effective assisting tool for SMA based trading strategies.
Recommended Strategy: Var Moving Average Indicator
Forex Cobra Trading Strategy: Buy Parameters
- Price closes above 12 SMAs
- 12 SMAs crosses above 72 SMAs
- ADX value rising from 20 levels along with the bullish move
- Stop loss below the 12 & 72 SMA sets
- Exit long whenever ADX starts to fall from above 50 levels
Forex Cobra Trading Strategy: Sell Parameters
- Price closes below 12 SMAs
- 12 SMAs crosses below 72 SMAs
- ADX value falling rising from 20 levels with bearish price actions
- Stop loss above the 12 & 72 SMA sets
- Exit short whenever ADX starts to fall from above 50 levels
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How do I install it