Simple Forex CobraSystem Thoughts Please?

Hi!

Has anyone traded this on demo or live? I came across it last night and have found it to have a high win:loss ratio & high reward:risk ratio.

It's a simple but effective strategy over any TF.

I have attached a template, flow chart for set ups and full PDF documenting the strategy.

Any comments would be appreciated!

Cheers

Attachments added.

Platform tech related post:


http://www.forexfactory.com/showthread.php?t=347102

Anyone tried this?

I'll try it on coming week

Same for me

Well I was expecting a typical $97.00 special, but instead this looks to be a very well thought out system with everything nicely in place, including nice money management. It looks like the website is down?

This syste,m appears to be okay though I haven't tested it yet - but it is a copywrited commercial system and as such should not be posted on this forum. You will be told soon enough by someone other than me - and it will be removed.

I am glad I have it though - cheers for posting.

I think because the website is down, and not able to take any more orders, that it is no longer a commercial system. That's why I asked about the website.

It looks like they have sold their website so you may be okay.

Thanks again for posting - newbies should get on and test this one!!

Very similar to Sonic R. System

This is a solid system, may I add...

Very similar to a lot of systems for a reason. The rules are sound.

Since some traders will start to test this system, please
participate in the above posted thread where I coded an indicator
for this system.

We need to agree on precise conditions for a valid entry (not everything is as clear as it seems yet), then the indicator will be a great tool.

The vendor has shut down his sales-website and from what I have read on some forums, he never kept his promise of delivering an indicator and EA
to his clients (after end of refund period).
Nobody knows why the vendor did not deliver , some called it scam, others speculated that he might have died (car-accident, suicide ? who knows).

Nobody would call this system "commercial" after all of this.

When the entry is defined properly and built into the indicator,
coding an EA would be the next step, but I prefer manual trading
and would only use the indicator in order to decide after an alert
if I would take the setup or not.

I found it highly amusing that someone on another forum labeled it a scam because he didn't receive the ea. Said he wasn't going to 'wait around all day for an entry'. What a dickhead. If you don't want to trade then don't buy a trading system lol.

this system I read a couple of months ... if you go in rank are dead ... do not waste your time with him

unless you use mtf

This makes no sense whatsoever. I understand that English is probably not your first language, but could you try to clarify this statement so we can understand what you are saying?

Looks good, eh?

I`ll be testing it too!

Me, too.

Great!

If anyone wants to add me to skype to talk more, feel free! ID: gbraidotti20