Cobra Scalper System (Low/Dumang variant)
Bollinger + DEMA scalping system · MT4
About the Cobra Scalper System
This page belongs to the Cobra Scalper family of MT4 scalping tools, which combine Bollinger Bands, a Double Exponential Moving Average (DEMA) and candlestick pattern rules to time entries and exits around overbought/oversold conditions.
The core Cobra system is widely documented under names including "Cobra Forex Scalping System" and "Dumang Scalper EA" across multiple indicator/EA resource sites, with vendor backtests reporting large cumulative gains on EUR/USD M5 from a $10,000 starting balance over hundreds of trades — treat such headline figures as backtest results, not a guarantee of live performance.
- Platform: MetaTrader 4
- Strategy: Bollinger Bands + DEMA + candlestick confirmation scalping
- Reported backtest: $180,711.60 profit from $10,000 starting balance over 706 trades on EUR/USD M5 (vendor-reported)
- Source: best-metatrader-indicators.com · Cobra Forex Scalping System
Key Features
✓ Combines Bollinger Bands, DEMA and candlestick rules rather than a single raw indicator
✓ Works on any currency pair, not restricted to one market
⚠ Large backtest profit figures should be verified against your own broker/spread conditions before live use
⚠ Demo-test first — vendor recommends this explicitly