Free Forex Systems (MT4), Trend Following Systems

TVH Cobra Forex Scalping Strategy

TVH Cobra Forex Scalping Strategy has earned enormous popularity among the modern scalpers plus intraday traders over the last year because of its steady trade signaling performance. It is very much strategic and states the current market condition vastly in details. It signals the trade entry and exit in such a clear basis that all kind of traders will be able to read the trade signal in time to make their decisions.

TVH Cobra Forex Scalping Strategy can be used on any forex currency pair windows and fits best with time frames like M5 to H1 charts. Because of its informative nature and easier chart demonstrations, newbie traders can be instantly get benefited from this tremendous scalping strategy.

TVH Cobra Forex Scalping Strategy Overview

Once you are done with the installation process at your mt4 terminal, your chart should be appeared as follows:

TVH Cobra Forex Scalping Strategy
Time FrameCurrency PairsIndicator FactorsRatings
M5 to H1Any89.9/10

TVH Cobra Forex Scalping Strategy Anatomy

TVH Cobra Forex Scalping Indicators
  • Heiken Ashi: It is a very much popular trend following indicator. It turns yellow or pink to show the current trend condition of the market. It can be used more effectively if assisted by other trend based indicators.
  • THV3 Coral: This indicator states the current trend level with its Moving Average line. It is green when the trend is bullish and turns red to signal the bearish trend. It also turns yellow to express the choppy condition of the market.
  • Ichimoku Cloud: A well known version of trend identifying tools. Price closes above the cloud signals the bullish strength. On the other hand, price closes below the cloud represents the bearish thrust of the trend.
  • ATR, ADX and TRIX Signal: The Average True Range (ATR), Average Directional Index (ADX) and the TRIX Signals the trend levels in a text format so that anybody can read the actual status of the current momentum directions.
  • TGS Spectrum Cycle: It is a momentum oscillator. It is above the zero level indicates the bullish momentum. A negative value represents the bearish momentum respectively.
  • THVMTrix: This tool is used to measure the validity of the trend. It turns yellow to validate the current trend (for both bullish and bearish) and turns red to signal the market is in no trend.

Recommended Strategy: Extreme Scalping System

TVH Cobra Forex Scalping Strategy: Buy Parameters

TVH Cobra Forex Scalping Buy Parameters
  • Heiken Ashi is yellow
  • Price closes above the Ichimolu Cloud
  • Ichimoku Cloud crosses above the THV3Coral level
  • THV3Coral level turns green
  • ATR, ADX and TRIX indicator signals the up trend
  • TGS Spectrum Cycle value is positive at the time of the entry
  • THVMFTrix turns yellow to confirm the current bullish trend
  • Stop loss below the Ichimoku Cloud level
  • Exit long whenever Ichimoku Cloud moves below the THV3Coral level

TVH Cobra Forex Scalping Strategy: Sell Parameters

TVH Cobra Forex Scalping Sell Parameters
  • Heiken Ashi is pink
  • Price closes below the Ichimolu Cloud
  • Ichimoku Cloud crosses below the THV3Coral level
  • THV3Coral level turns red
  • ATR, ADX and TRIX indicator signals the down trend
  • TGS Spectrum Cycle value is negative while the short entry triggers
  • THVMFTrix turns yellow to confirm the current bearish trend
  • Stop loss above the Ichimoku Cloud level
  • Exit short whenever Ichimoku Cloud moves above the THV3Coral level
Free Download THV Cobra Forex Scalping

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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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.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.