Symphonie/Cobra Hybrid System Trend Trading Strategy

В trend trading strategy Symphonie/Cobra Hybrid System The signals are based on the price chart, rather than indicators, which are mostly lagging. In particular, moving averages are used only to identify the trend, but not to open a position at the time of their intersection. The strategy is discussed at forexfactory.com at on this topic.

Input parameters

• Currency pairs: any.
• Timeframe: H1.
• Bidding time: any.
• Risk Management: After calculating the stop loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Setting up the price chart

• Unpack the archive.
• Copy the template into the templates folder.
• Copy the indicators to the folder MQL4 -> indicators.
• Restart the terminal.
• Open the chart of the desired currency pair.
• Install the template with the name Cobra.

The schedule should look like this

Signals indicating the opening of a long position (buying)

• The bullish candle closed above both moving average zones.
• The second bovine opened and closed above both zones. If the next candle is bearish, wait until a bullish candle is formed with the opening and closing price above both zones.
• The second bullish candle is not a reversal pattern (star, hammer, inverted hammer, etc.).
• Additional filter: ADX indicator is above the level of 22 and is directed upward.
• Additional filter: on the SymphonieMatrix indicator all squares are blue.
• Friday is a non-trading day.
• Stop Loss is placed just below the lower limit of the blue zone.
• Exit from the trade is carried out after the closing of the candle below the lower boundary of the blue zone.

Signals indicating the opening of a short position (sale)

• A bearish candle closed below both zones.
• The second bearish candle opened and closed above both zones. If the next candle is bullish, wait until a bearish candle is formed with the opening and closing price below both zones.
• The second bearish candle is not a reversal pattern.
• Additional filter: ADX indicator is above the level of 22 and is directed upward.
• Additional filter: on the SymphonieMatrix indicator all squares are red.
• Friday is a non-trading day.
• A stop loss is placed just above the lower limit of the blue zone.
• Exit from the trade is carried out after the candle closes above the upper boundary of the blue zone.

Symphonie/Cobra Hybrid System Trend Trading Strategy The strategy is of great interest because it uses a non-standard approach to the formation of trading signals, as well as a whole system of their filtration. At the same time, the strategy rules will not cause difficulties even for novice traders.

Download template and indicators

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