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.
Market Price
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),
Buy
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
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.
Share your opinion, can help everyone to understand the forex strategy.
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Farid (Sunday, 28 January 2024 16:47)
Dear sir ,
Do you have ths trading system for MT5?
Geoff (Saturday, 25 May 2019 08:10)
The Snake Oscillator is the best indicator ive come across for divergance, its so strong.
Loren (Saturday, 11 May 2019 14:29)
Snake is a price action strategy!!! Works well Thanks!!
sergej (Friday, 10 May 2019 18:05)
Tangajiwa indicator repaints
yogesh kshirsagar (Wednesday, 19 September 2018 20:36)
ITS VERY NICE INDICATOR I EVER SEEN . DO UOU HAVE EA OF THE SAME ? IF YES THEN PLEASE FOROWRD ME ON yogesh.kshirsagar2002@gmail.com.
THANKS IN ADVANCE
Peter (Monday, 17 November 2014 14:06)
Hope it did not repaint after you changed its setting? Thanks.
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.."