RSI COBRA System – Best Forex & Stocks Trading Indicator & Strategy

The RSI COBRA System is one of the easiest and most effective RSI trading strategies out there. It helps you understand market conditions and gives you highly accurate trading signals. I truly believe that if you learn everything I cover in this video, you can become a successful trader.

So, By the end of this tutorial, you won’t have any doubts about when to enter a profitable market.

As you can see on this chart, the RSI COBRA System does a great job of reading market trends. The ‘Cobra Moving Average’ acts like a wall, helping us identify key support and resistance zones.

Since this ‘Cobra Moving Average’ serves as an important support and resistance level, traders can use it to find highly accurate signals. This area is one of the best spots to trade for maximum profit. If you trade correctly in this zone, you have a strong chance of making big profits compared to the risks involved.

In this video, I’ll teach you how to spot the best signals so you can maximize your profits in forex, stocks, and crypto.

Next, I’ll show you how to set up the ‘Cobra Moving Average’ to help you identify those key support and resistance zones. Let’s get started!

 

In this step-by-step guide, we’ll cover the RSI COBRA trading strategy, which you can use for stocks, Forex, commodities, or any market you’re trading in.

As you can see on this chart, we’re using a combination of the RSI and Simple Moving Average indicators in our trading setup.

This combination provides some key insights at a glance:

1. RSI Position Relative to the Moving Average:
   If the RSI line is above the Moving Average line, it indicates a bullish market. Conversely, if the RSI line is below the Moving Average line, the market is in a bearish condition.
2. Moving Average Position Relative to the 50 Level:
   If the Moving Average line is above the 50 level, the market is trending bullish. If it’s below the 50 level, then the market is bearish.
3. RSI Position Relative to the 50 Level:
   If the RSI line is above the 50 level, the market is in a bullish trend. If the RSI line is below the 50 level, it signals a bearish condition.

Sticking to the rules of this RSI and Moving Average combination is crucial. By being disciplined with these guidelines, you can enhance your trading accuracy. You can also adjust the periods of the Moving Average and RSI to fit this strategy better.

Next, I’m going to show you the most important things about combining the RSI and Simple Moving Average indicators on our trading chart. This includes how to set up these indicators.

• Download “TraderVersity-CobraRSI” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity-CobraRSI.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity-CobraRSI” trading system and strategy.
• You will see the “TraderVersity-CobraRSI” is available on your Chart.

Let’s start by finding a BUY signal with the ‘TraderVersity-CobraRSI’.

If you want to open a buy position, follow these steps:

1. The price is rising and is above the “Cobra Moving Average.”
2. The 50-period Simple Moving Average is above 50.
3. The 14-period RSI is also above 50.
4. The price pulls back, shown by the 14-period RSI dipping below the 50-period Simple Moving Average, while that average stays above 50.
5. The 14-period RSI then rises again, crossing above the 50-period Simple Moving Average. This signals that the bullish trend is continuing, and it’s time to enter the market.
6. Open a BUY position on the next candle.
7. Set a stop loss at the nearest swing low.

As you can see, after we opened the BUY position, the price continued to rise smoothly, giving us a great profit!

1. The price is going down and is below the “Cobra Moving Average.”
2. The 50-period Simple Moving Average is below 50.
3. The 14-period RSI is also below 50.
4. The price pulls back, shown by the 14-period RSI rising above the 50-period Simple Moving Average, while that average stays below 50.
5. The 14-period RSI then drops back down, crossing below the 50-period Simple Moving Average. This means the bearish trend is continuing, and it’s time to enter the market.
6. Open a SELL position on the next candle.
7. Set a stop loss at the nearest swing high.

As you can see, once we opened the SELL position, the price continued to drop smoothly, giving us a nice profit. This strategy is easy to use and often leads to significant gains with every trading signal.

What’s even better about this RSI COBRA System is that you can tweak it to fit your own style.

I’ve explained this combination clearly, so I’m confident you’ll be able to implement it on your trading platform! The RSI COBRA System does a great job of reading market trends. The ‘Cobra Moving Average’ acts like a wall, helping us identify key support and resistance zones.

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