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Attachments: Simple Forex CobraSystem Thoughts Please?
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Simple Forex CobraSystem Thoughts Please?

first testing trades with 0.01 lot, still open ant positive, result looks quite well
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Quoting RokasDUDE
first testing trades with 0.01 lot, still open ant positive, result looks quite well
Please tell the timeframe you are taking the signals from.
That helps others to evaluate and learn.
Quoting fxtr51
Please tell the timeframe you are taking the signals from.
That helps others to evaluate and learn.
it's written that, all trades better to do in 1h TF, but this system works in all time frames, but in lower TF it can be harder to catch sygnal.
Quoting RokasDUDE
it's written that, all trades better to do in 1h TF, but this system works in all time frames, but in lower TF it can be harder to catch sygnal.
Yes, sure, and what timeframe did you use ?
Quoting fxtr51
Yes, sure, and what timeframe did you use ?
1H
hai .. nice system u have here .. thanks for the system ..
good to me ..
Quoting fxtr51
The vendor has shut down his sales-website and from what I have read on some forums...

...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.
hello fxtr51

i read thru the pdx... easy to understand... to trade... i find it a comprehensive trading system ...suit me

i have been looking at the charts since then for entries and if i could get Tony the author to advice it would be great to clarify the entries being found ambiguity unless senior traders of this Cobra could answer my queries.

can you lead me to the forums where you found Tony?

cheers
any traders to join me

i may close this trade cad/yen on next candle close if it goes under the lower blue line

cheers
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my update on CAD/YEN
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Very nice trade.
Quoting Eureka
Very nice trade.
Must say the same!
  • Post #32
  • Quote
  • Edited at 9:20am Mar 14, 2012 8:27am | Edited at 9:20am
I managed to create my first dashboard for the Cobra system.
You can download it here:
http://www.forexfactory.com/showthre...41#post5474741

http://i.imgur.com/JYgvm.jpg
Thanks for the nice indicator. Will try it out.
traders

were you taken the trade based on the candle pointed by the arrows?
why and why not?
thanks for sharing.

p.s. no trade as i wasn't sure about it, thou it was 2nd candle above upper blue line and adx pointing up 22.
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sniper,
the candle before the one with the arrows was a valid signal candle.
At the close of that candle you could go LONG.

Reason on page 23 of manual.
First candle closed outside or orange and blue top band. (Candle 1)
Next candle did not confirm. (Candle 3)
But candle 3 opened and closed above blue top
and the High was higher than the High of Candle 1.
http://i.imgur.com/7wBOL.jpg
Quoting fxtr51
sniper,
the candle before the one with the arrows was a valid signal candle.
At the close of that candle you could go LONG.
thx fxtr.

let me clarify... partly i didn't trade it due to the pointed candle looked alike the pin bar which is a reversed sign for no trade to take, as part of the rule.

cheers
Yes, I understand.
The candle you marked with arrows is indeed Candle 2.
But it does not fulfill the definition of a Reversal bar.

(What is the precise definition of all the reversal patterns ?
I found that a Pinbar must have its body 25 % of the wick to qualify.
Would be nice if somebody could post a manual or something where
all patterns are defined ... not foggy like "could be " but
clear definitions.)

I modified the indicators (Cobra_2 and Cobra_3) because I had it coded
that only if Open of Candle1 < blue top band , the candle was valid,
but now I see that it is enough that the Low of Candle1 is below the blue top band to qualify as valid .

Please download the latest indicators here:
http://www.forexfactory.com/showthre...41#post5474741
Quoting fxtr51
Yes, I understand.
The candle you marked with arrows is indeed Candle 2.
But it does not fulfill the definition of a Reversal bar.

(What is the precise definition of all the reversal patterns ?
I found that a Pinbar must have its body 25 % of the wick to qualify.
Would be nice if somebody could post a manual or something where
all patterns are defined ... not foggy like "could be " but
clear definitions.)

I modified the indicators (Cobra_2 and Cobra_3) because I had it coded
that only if Open of Candle1 < blue top band , the candle was valid,
but...
is it available to remove arrows, till h1 TF ?
Quoting RokasDUDE
is it available to remove arrows, till h1 TF ?
The fully customizable dashboard has been uploaded.
Choose pairs and timeframes.
i took short on oz/usd... so far so good
a late entry for one candle i.e. after the pointed candle.
any idea when to set BE?

cheers
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