461# The Snake Trading System

The Snake Force oscillator

 

Submit by JamesUK 18/07/2013

Time Frame 5 min or higher.

Currency paira:any.

 

Metatrader indicators:

The Snake;

The Snake Force Oscillator.

 

 

See THE SNAKE trading system in action:

The Snake Trading System
The Snake Trading System

 

What is this:

1.

The Snake (blu over the price chart)

2.

The Path (red over the price chart)

The Snake Force (oscillator below the price chart)

How read this:

BUY:

1.

Snake Body is down touching the Canal

2.

The Path became visible again behind the Snake body because the Snake start rising

3.

Snake Force down is off

SELL:

1.

Snake Body is high touching the Canal

2.

The Path became visible again behind the Snake body because the Snake start fall

3.

Snake Force oscillator high is off

 

Following THE SNAKE Trading System in action:

The Snake Trading System: Indicators

The Snake Trading System: Indicators
The Snake Trading System: Indicators
The Snake Indicators.rar
compressed file archive 13.7 KB

The Snake Trading System: Template

The Snake Trading System: Template
The Snake Trading System: Template
Forex trading system download
The Snake Template.rar
compressed file archive 960 Bytes

See THE SNAKE trading system in action

The snake Trading System
The snake Trading System

 

Let's see some other examples

on difterent timeframes and crosses:

The Snake Trading System
The Snake Trading System

 

Let see how Snake works

on Range or Trend Markets:

the Snake Trading system
the Snake Trading system

 

ALL INDICATORS REPAINT

For each indicators, there are a max number of bars within the signal can be repainted, it depends on how many bars the signal is calculated. If it's calculated on the last 3 bars, the signal behind the fourth bar can't repaint.

If the signail is calculated on the last bar only, it repaint the current open bar only, and you can trade the signal at the closing of the bar. Improperly, they're called non-repainting indicators.

Most indicators wich gives signails to EA (Auto-Trading systems, wich needs only clear signals) works this way, but this is not necessarily the best way to build an indicator for a discrtetional trading system.

In a Discretional Trading Stystem repainting is a problem too. You can't have feeling with disappearing arrows, lines and dots! Luckly, human eye can filter good and bad signals quite easily, using other indicators monitoring different paramenters. Sometimes, in a trading system, is better let the Trading system give you some fast signals, in addition to other lagged indicator, stronger.

 

Share your opinion, can help everyone to understand the forex strategy.

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