This is the same system I developed for professional floor traders, but with some added safety features included to make it more suitable for smaller retail forex traders like you who trade from home easy forex currency rate matrix other part-time bases. This is an extremely low risk, high reward strategy which can and will change your life if you use it properly.
The results you’re going to experience with this system are quite frankly phenomenal! If you stick to the rules of the system, you’re going to be smiling from ear to ear as you watch your account grow at an astonishing rate every month from now on. Once you are used to it and have made a few trades with it, you’ll find that you’re spending very little time actually running with this system. 1 hour per day dedicated to this. The other great advantage of this system is the fact that it is self-adaptive and works equally well on any currency pair. Pure simple instructions of what to do and when to do it! So please sit back and get comfortable as you read through the manual.
This is a very easy system to use, but it’s worth taking your time as you read this just to be sure everything sinks in and you understand it fully before going away and testing it out. That means the system takes advantage of short-term small trends within the market. There are a million and one trading strategies out there, and most of them can be profitable when traded correctly. However, it is universally accepted that trend following strategies are by far and away the most profitable strategies available.
The BIG money comes from trending markets And this is where the Forex Bitcoin Cobra System steps in and takes full advantage. They try to use the method in a ranging sideways market and suddenly get whipsawed about, suffering terrible losses, lose all their money, give up and go looking for something else. But this is where the Cobra System is different to other methods out there. And so with this system, we are presented with many more safe and profitable trading opportunities than we would normally get from the average trend following strategies. Plus, the system is designed with detailed in-built safeguards to filter out bad trades and protect against whipsaws and losses when a market enters a period of dangerous ranging.
We trade small mini trends which present themselves far more frequently than the main trend, which means we have many more trade opportunities and more chances to make money on a more regular basis. We capitalize on early entries into the biggest trends and get in at the beginning of the big moves before anyone else using the higher times frames even identifies a new trend, and therefore we can ride the trend for longer and make more money than anyone else. The system has been developed, tested, and optimized for use on the 1-hour time frame, but it could actually be just as easily adapted for use on any other time frame either higher or lower. But for the purpose of learning the system at its optimum, this manual deals exclusively on the 1-hour charts.
This is the time frame which has proved to be the most consistently profitable, and easiest to learn. And to a degree this is true. You will never be able to totally prevent bad trades and whipsaws. In fact, the ONLY way to avoid whipsaws and bad trades is to NOT trade at all! My job has always been to make the safest, lowest risk systems which had the number one rule of protecting trading capital as the priority. So when developing this system, my biggest concern was reducing and limiting whipsaws and bad trades down to an absolute minimum.
They couldn’t be completely eliminated, but they can be reduced to levels which do not affect our profits. In short, the philosophy of this system is to provide all the benefits and profits of a trend following system, without the typically high number of drawbacks associated with all other trending strategies. This one basic principle reduces our risk dramatically by limiting us to trades that already have the momentum of the market behind them. But remember this is a short term trending system, so when I say we only trade in the direction of the trend, I mean we trade in the direction the market has been moving over the last 3 days, broken down over 72 hours on the 1 hour charts. If the real price is above the 72 MA, we take it that the market is trending upwards, so we ONLY take trades in that direction, which means we only buy.
It’s important to note that the 72 MA is only there to act as a guide for us as to the direction of the trend. We don’t use it for entry or exit signals! We’re just trying to catch the trends which happen We simply look at the 72 MA to determine where the bias is in the market at that moment, so as to increase our chances of trading in the same direction as the current market momentum. And keeping this in its simplest terms, that is the underlying basis behind the system!
We are just trying to establish which direction the market is currently favoring, and then we are going to trade in that same direction. It seems pretty basic, and it is! But believe me, this is going to make you some seriously easy cash. So once we’ve established the direction of the trend, we will be looking for a few basic things to happen which signal our reason to enter a trade.
So now that you understand that we are simply trading with the trend, I’ll now take you step by step through the process of exactly how to trade the Forex Cobra System. SMA-EMA Cobra Forex Bitcoin System Set Up This section will very briefly outline the system set up, explain the tools and indicators which form the system and show you how they are plotted on your charts. Don’t worry if any of this seems complicated or confusing at this stage. I’m just showing you everything here so you know what’s involved, and then the following sections will break it down and explain in detail how each element is used within the system.
Indicators: This is, in general, a very clean system. When you look at the chart set up, you’ll notice that there are in fact very few lines and indicators drawn on, which means the chart is very uncluttered and easy to read. I’ve listed the individual indicators you need, and then I’ll explain what each one does. 12 period SMA calculated off the high of each candle. 72 period SMA calculated off the low of each candle. 12 period EMA calculated off the high of each candle. 12 period EMA calculated off the low of each candle.