Cobra strategy for binary options

The site is packed full of forex resources and contains numerous, and I mean numerous, trading strategies.

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On the home page they are broken into categories like Scalping techniques, trend following strategies, patterns and so on. Since I like trend following techniques that is the link I first followed and was surprised at how many strategies the site had listed.

The Cobra strategy is one submitted by Joy This strategy is a trend following strategy and only takes signals that are in line with the trend in order to limit risk by capitalizing on market momentum.

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It is a short term trading system and utilizes trends occurring over the course of only a day or two. The system utilizes one hour cobra strategy for binary options and a 72 bar hour moving average to determine the current trend.

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If price is above the 72 hour moving average then the trend is up and bullish trades are made, if price is below then the trend is down and only bearish trades are made. The moving averages created a signal line that includes a buffer zone for added safety.

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Signals cobra strategy for binary options only taken once price action moves beyond the buffer zone. Well, once you get your system programmed correctly for this strategy it is pretty simple.

Trades are only taken with the trend, the trend is set by the 72 hour moving average. The signal occurs with the first candle that opens and closes out side of the buffer zone. The same is true in reverse for a bear signal.

The Cobra Trading Strategy for Binary Options

Plus, it utilizes a combination of signals to determine trend and entry in a way that reduces risk and capitalizes on the day to day trends in the currency markets.

Signals are clearly defined and easy to spot.

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It takes more than a simple touch or bounce from the signal line which is one thing I like. Too many strategies leave identifying the actual signal open to interpretation.

Not with the this one.

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The use of high and low moving averages to create the buffer zone is a stroke of genius that I may add to my own analysis. Why The Cobra System Sucks? This system sucks for one major reason, you have to have a highly adaptable trading platform to use it.

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The average trader, and especially newbies, does not have access to this kind of trading system. I also want to point out that even though you are told to use an ADX applied to the typical price the strategy never tells you what to do with it.

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The Cobra looks like it is going to be a good system for short term binary options traders, provided you are experienced enough and have the right chart package to use it. The bad thing is that I think it is not accessible to new traders.

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Other than that my hat is off to Joy22, I think you have come up with a good strategy and one that I can endorse. The Cobra Strategy is an approved strategy for binary options.

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