432#Snake and the Wave

Trading of the Snake

Submit by Leon 08/02/2012

Time Frame 5min or higher (work best 4H yime frame).

Currency pairs:any.


Metatrader Indicators:

Market Price

Price channel Stop,


Snake The Wave

SHI Silver Trend(to show the top or bottom of price movement),

Snake Borders, (In snakeborders, red color indicate pressure of downtrend, blue color indicates pressure of uptrend, silver indicate neutral),

Snake Force(to show the trend, green indicates uptrend, red indicates downtrend),

Status monitor,

TangaJiwa (to show the top or bottom of price movement),




Prive channel stop blue dot buyl after red chain penetrated by up movement price and show the blue chain below, buy according to the visualization of snake force. Green indicates up trend.



Sell after blue chain penetrated by down movement price and show the red chain above buy according to the visualization of snake force and red indicates downtrend.


Exit position

1)when appears opposite dot of the prive channel

2)At the Support o resistance levels

3) Profit Target predetermined, depends by time frame and currency, or ratio 1:5 stop loss.

4) Stop loss on the previous swing.


In the picture Snake and the Wave forex system in action.



Snake and Wave
Snake and Wave

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

Mr.Snake & The Wave
The Snake Trading system method.
Mr.Snake & The Wave.rar
compressed file archive 36.8 KB
Comments: 2
  • #2

    Peter (Monday, 17 November 2014 14:06)

    Hope it did not repaint after you changed its setting? Thanks.

  • #1

    Marco (Friday, 28 March 2014 12:05)

    "James says
    November 10, 2011 at 12:58 pm

    after backtesting it..of all the indicators included in the system the most useful for me is the Tanganjiwa..Frankly I dont find the others as strong and beneficial as the Tanganjiwa..it points at the highestand lowest possible price of each wave..if one can do that why do you still need other confirmatory indicators..I changed the setting to 30,2,3 and it made all the difference..it does not appear prematurely as opposed to the default setting of 12,5,3..also I find it better to compliment the Tanganjiwa with Support and resistance indicator and the Bollinger Bands..Thank you so much for this indicator.."