Cowabunga for Swing Trading

Trading Systems
1

Does the Cowabunga system work for Swing Trading? (end of day).
I don’t have the time for intra day trading.
If not, can any changes be made to the numbers for ema’s and stoch’s that would suit better, or would the whole system need to be changed?

2

I think so (there’s another thread on this somewhere). The cowabunga was derived from the “so easy it’s ridiculous” system in chapter 11 of the babypips school. I’ve traded the “so easy” with pretty good success with a few modifications, e.g., I plot a 150 SMA to get a sense of the longer term trend and I generally have used the most recent hi/low as my stop, especially if I’m trading in the direction of the trend, otherwise, I use the system’s “default” 30 pips as my SL or I significantly reduce my trade size until the trade gets moving then add as I feel comfortable - after protecting profits. One interesting, and so far, successful addition I’ve tried has been to use Heikin-Ashi candles to help confirm a trend change. I love HA, but you have to study up on them to adequately interpret them. My 2 cents…

3

Thanks for that Traderphobe.
I’ve never heard of HA, where would I find out more?

5

I must admit I’ve never heard of this indicator before now, so thanks for the very interesting HA article link…it’s much appreciated.

6

I’d like to draw attention to this thread again… I would like to know settings for swing trading the Cowabunga system.

Thanks