THV Cobra System with Price Action

THV Cobra system is a successful day trading and scalping strategy that has been operating for years on volatile currency pairs and stock indexes. The change I made is to add a price action filter based on supports, resistances and trend lines. Because I added this filter. The aim is to reduce false signals by trying more accurately to always trade on the trend side.

Time frame 1 min, 5min 15, min.

Currency pairs: GBP/USD, EUR/USD, EUR/JPY, EUR/AUD, EUR/NZD,

EUR/GBP, NZD/USD, GBP/JPY, Nasdaq 100, S&P500, Dow, Dax, AUS200, Gold and Oil.

Trading Sesion: London and New York.

Metatrader 4 indicators

Simple moving average period 288, close.

Ichimoku (2,3,5).

THV3 SDX TZ Pivot,

THV3 Coral.

THV3MM price.

100pips day scalper.

LP T1 (price action indicator).

THV Trix Divergence V4.1.

THV3 Trend.

Trading rules THV Cobra with Price action.

Buy

100pips day scalper buy signal.

Price bounce on the support and the trend line pointing upward and is below the candle of price.

Trix indicator has two green line.

Sell

100pips day scalper sell signal.

Price bounce on resistance and the trend line pointing downward and is above the candle of price.

Trix indicator has two red line.

Exit position place initial stop loss below/above the previous swing high/low.

Make profit at the level os support o resistance o ratio stop loss 1.18.

In the pictures examples of trading with THV Cobra System with Price Action.

DownloadTHV Cobra System with Price Action.