461# The Snake Trading System
The Snake Force oscillator
Submit by JamesUK 18/07/2013
Time Frame 5 min or higher.
The Snake Force Oscillator.
See THE SNAKE trading system in action:
What is this:
The Snake (blu over the price chart)
The Path (red over the price chart)
The Snake Force (oscillator below the price chart)
How read this:
Snake Body is down touching the Canal
The Path became visible again behind the Snake body because the Snake start rising
Snake Force down is off
Snake Body is high touching the Canal
The Path became visible again behind the Snake body because the Snake start fall
Snake Force oscillator high is off
Following THE SNAKE Trading System in action:
See THE SNAKE trading system in action
Let's see some other examples
on difterent timeframes and crosses:
Let see how Snake works
on Range or Trend Markets:
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.