Simple Forex CobraSystem Thoughts Please? | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Wasabiboys MT4Stats Good I think, tell me your thoughts please 3 replies

Please post a simple editable EA for moving avarages 2 replies

Programmers: Simple SendMail Line. Please Help 15 replies

Attachments: Simple Forex CobraSystem Thoughts Please?
Exit Attachments

Simple Forex CobraSystem Thoughts Please?

  • #141
  • Mar 21, 2012 6:00am Mar 21, 2012 6:00am
TCO,
Can you pls PM me your email ?
Thread doesn't allow me to attach the document ( says: invalid file!) and I can't attach it to a PM or an email through the thread either.
  • #142
  • Mar 21, 2012 6:59am Mar 21, 2012 6:59am
Quoting Anu_
TCO,
Can you pls PM me your email ?
Thread doesn't allow me to attach the document ( says: invalid file!) and I can't attach it to a PM or an email through the thread either.
I sent it via PM. Let me know if you don't get it. Thanks.
  • #143
  • Mar 21, 2012 7:06am Mar 21, 2012 7:06am
So far I have received a couple of EA enhancement requests.

- Add email alert - I have never coded this before. So I will research it
- Add parameters for start and stop time contraints, I will add this for the next release
- Add parameters to control number of trades taken after MA cross. I will add this to the next release also.

Can anyone tell me in regards to the original strategy. Do we only allow a trade after the MA cross. Or do we allow the trade if the 1 bar closes above both MAs - even though then haven't crossed yet and the 2 bar opens and closes above the blue zone? Please let me know what your interpretations are. Thanks!
  • #144
  • Edited 11:44am Mar 21, 2012 7:16am | Edited 11:44am
Quoting TallCoolOne
So far I have received a couple of EA enhancement requests.

- Add email alert - I have never coded this before. So I will research it
- Add parameters for start and stop time contraints, I will add this for the next release
- Add parameters to control number of trades taken after MA cross. I will add this to the next release also.

Can anyone tell me in regards to the original strategy. Do we only allow a trade after the MA cross. Or do we allow the trade if the 1 bar closes above both MAs - even though then haven't crossed yet and the 2 bar...
Hi TCO,
As far as I know, original strategy does not demand a MA cross. However, you need to see the following in their order.

1) Firstly, PA has to be above /below the orange zone : Above for BUY, Below for SELL
2) Then we look at the PA in relation to the Blue Zone. So, 1st entry candle closed outside blue zone and 2nd entry candle open and close outside blue zone
3) Thirdly, ensure that the 2nd candle is not a reversal. Don't think we need to consider too many. You need just main single reversal candals like, jodi, hammer & inverted hammer. if you add more you will have to skip lot of entries.
4) At this point we look at the ADX for being above 22 and for its angle/slope.
5) At any point PA cannot sit inside any of the orange/blue buffer zones.

But generally, where there is a trend MAs have to cross first and then display in their correct order. And I think it is better if we wait for the two MAs to line up correctly as well on top of each other.
  • #145
  • Mar 21, 2012 11:51am Mar 21, 2012 11:51am
Agreed,

The cobra is not "favourite-called" MA cross system.

It at least should not make a trader losing money.

Favorite seems overconfident in his reading of the cobra system.

There are some gists in that system that are worth being considered.

Quoting Dunvegan44
Hi Nooseville

This system is not a scam. It's also not an MA Cross system. It remains to be seen if it can be traded with an EA though.
  • #146
  • Mar 25, 2012 1:25pm Mar 25, 2012 1:25pm
Hi Guys,

I've added start and end times to the EA. Also, I'm attaching a doc explaining the settings for the EA. TCO
Attached File(s)
File Type: mq4 TCO_Cobra.mq4   61 KB | 490 downloads
File Type: doc Cobra Default Settings and Descriptions.doc   43 KB | 712 downloads
  • #147
  • Mar 26, 2012 12:22pm Mar 26, 2012 12:22pm
very professional and neat code, thanks for your contribution. it is significant work.

Quoting TallCoolOne
Hi Guys,

I've added start and end times to the EA. Also, I'm attaching a doc explaining the settings for the EA. TCO
  • #148
  • Mar 27, 2012 5:29pm Mar 27, 2012 5:29pm
Quoting charvo
very professional and neat code, thanks for your contribution. it is significant work.
Thanks for your kind words.
  • #149
  • Mar 27, 2012 9:36pm Mar 27, 2012 9:36pm
Quoting TallCoolOne
Hi Guys,

I've added start and end times to the EA. Also, I'm attaching a doc explaining the settings for the EA. TCO
Fantastic job, thanks very much!

Few questions -

1. Given that I like to change time frames to see price action and update some slack indicators, would it be best to run this EA on a separate chart?

2. I assume it will run on all time frames but only take trades on the chart's current time frame?

3. The indicators do not have to be on the chart in order for trading to occur?

Much appreciated, E.

It takes a lot for me to IGNORE you, but you can try.
  • #150
  • Mar 28, 2012 1:51am Mar 28, 2012 1:51am
AUD-JPY, got an entry TallCoolOne

not sure if it is exactly by the rules, any comment?

Attached Image (click to enlarge)
Click to Enlarge Name: 0004.jpg Size: 95 KB
It takes a lot for me to IGNORE you, but you can try.
  • #151
  • Mar 28, 2012 6:30am Mar 28, 2012 6:30am
Quoting Erebus
AUD-JPY, got an entry TallCoolOne

not sure if it is exactly by the rules, any comment?

As I think the entry is not technically correct according to original rules even though it is a profitable trade
1) First, price has to clear the orange zone
2) Then only you look for candles in blue zone
3) Here it seems price cleared blue first and then cleared orange
4) Almost like you are switching the two colours

well, this is what I think ...
  • #152
  • Mar 28, 2012 7:08am Mar 28, 2012 7:08am
Quoting Erebus
AUD-JPY, got an entry TallCoolOne

not sure if it is exactly by the rules, any comment?

Yeah this is kind of tricky. The previous candle opened in the orange zone, but closed below the orange zone, but it also opened and closed below the blue zone. Since the close was below both zones and the open and close of was below the blue zone even though it was partially in and out of the orange zone, i think it qualifies. As long as the ADX > 22 and trending up. The signal candle isn't a reversing candle and it isn't on a Friday. Still...this is a tricky entry, but I think it works. Thanks - TCO.
  • #153
  • Mar 28, 2012 7:16am Mar 28, 2012 7:16am
Quoting Erebus
Fantastic job, thanks very much!

Few questions -

1. Given that I like to change time frames to see price action and update some slack indicators, would it be best to run this EA on a separate chart?

2. I assume it will run on all time frames but only take trades on the chart's current time frame?

3. The indicators do not have to be on the chart in order for trading to occur?

Much appreciated, E.

Hi E,

If I set up the EA correctly, it should work on all TF charts. I would not switch between TF with the EA on the chart. You may get an inadvertent trade triggered that you didn't attend - low probability, but better to be safe. What i would do is create a template with the blue zones, orange zones and adx, but without the EA. Then you can go between TF. Then i would create another template like the previous one, but add the EA and name it with "EA" in the name. Then you can easily set up the EA on many charts. Then just create different settings file for TF and Pair based on your testing and optimizations that you can load into the EA. Also,
the indicators do not need to be on the chart.


This is probably more than you were asking. But that is my approach.

I hope that helps. Let me know if you need more info.
  • #154
  • Mar 28, 2012 7:23am Mar 28, 2012 7:23am
Quoting TallCoolOne
Hi E,

If I set up the EA correctly, it should work on all TF charts. I would not switch between TF with the EA on the chart. You may get an inadvertent trade triggered that you didn't attend - low probability, but better to be safe. What i would do is create a template with the blue zones, orange zones and adx, but without the EA. Then you can go between TF. Then i would create another template like the previous one, but add the EA and name it with "EA" in the name. Then you can easily set up the EA on many charts. Then just create...
That is exactly what I was asking! I have already been using a template with EA saved, and EA in the name too, looking good so far, just need to adjust the Take Profit as well as open more charts to keep EA trading time frame charts separate from analysis charts.

Much appreciated, thanks

It takes a lot for me to IGNORE you, but you can try.
  • #155
  • Mar 28, 2012 8:38am Mar 28, 2012 8:38am
Quoting TallCoolOne
Yeah this is kind of tricky. The previous candle opened in the orange zone, but closed below the orange zone, but it also opened and closed below the blue zone. Since the close was below both zones and the open and close of was below the blue zone even though it was partially in and out of the orange zone, i think it qualifies. As long as the ADX > 22 and trending up. The signal candle isn't a reversing candle and it isn't on a Friday. Still...this is a tricky entry, but I think it works. Thanks - TCO.
I disagree though ..
The entry candle is the 8th candle after the first candle crossed the blue zone. That is too late to enter by any means. This is just one of those lucky trades to me. What do you think ??
  • #156
  • Mar 28, 2012 4:20pm Mar 28, 2012 4:20pm
Quoting Anu_
I disagree though ..
The entry candle is the 8th candle after the first candle crossed the blue zone. That is too late to enter by any means. This is just one of those lucky trades to me. What do you think ??
You are entitled to disagree, but according to the rules in the pdf file, which I'm sure you read & understand, short trades are never taken ABOVE the Orange lines, agree?

So, rather than calling it a "lucky" trade, I would call it a text book, Cobra trade...

If you want to ignore the BASIC Cobra rules, trade a crossing of the 12 EMA, then you will have to open your own thread about that, because you will not get any support here.

Here is a another trade from last night, I changed the TP to the ADR and it was good choice!

Attached Image (click to enlarge)
Click to Enlarge Name: 0005.jpg Size: 116 KB
It takes a lot for me to IGNORE you, but you can try.
  • #157
  • Mar 28, 2012 5:06pm Mar 28, 2012 5:06pm
Quoting Erebus
You are entitled to disagree, but according to the rules in the pdf file, which I'm sure you read & understand, short trades are never taken ABOVE the Orange lines, agree?

So, rather than calling it a "lucky" trade, I would call it a text book, Cobra trade...

If you want to ignore the BASIC Cobra rules, trade a crossing of the 12 EMA, then you will have to open your own thread about that, because you will not get any support here.

Here is a another trade from last night, I changed the TP to the ADR and it was good choice!

We could add a ATR TP if you would like. You could make the same as the ATR SL for a 1:1 RR. Let me know if this is something we should add.

Thanks!
  • #158
  • Mar 29, 2012 6:10am Mar 29, 2012 6:10am
Quoting TallCoolOne
We could add a ATR TP if you would like. You could make the same as the ATR SL for a 1:1 RR. Let me know if this is something we should add.

Thanks!
No, trailing stop makes me feel better most of the time, try to catch more of the long moves.

Playing with 15 M charts today, how does this compare to what you are seeing TCO ?



PS - ignore the extra indicators, just some confirmation stuff
Attached Image (click to enlarge)
Click to Enlarge Name: 0007.jpg Size: 146 KB
It takes a lot for me to IGNORE you, but you can try.
  • #159
  • Mar 29, 2012 5:03pm Mar 29, 2012 5:03pm
My computer off last night but seems like this would be a winning trade on the 15M chart, TCO, is that where the EA would enter, at close of the first candle clear of both zones?

Thanks, E.

Attached Image (click to enlarge)
Click to Enlarge Name: 0008.jpg Size: 76 KB
It takes a lot for me to IGNORE you, but you can try.
  • #160
  • Mar 29, 2012 6:20pm Mar 29, 2012 6:20pm
Quoting Erebus
My computer off last night but seems like this would be a winning trade on the 15M chart, TCO, is that where the EA would enter, at close of the first candle clear of both zones?

Thanks, E.

Hi E,

Yes that looks correct, as long as the ADX > 22 and trending up.
0 traders viewing now