Cobra Crude Oil Trading System
Cobra Crude Oil trading system is an automated day trading system for the MultiCharts and Tradestation Platforms. This strategy trades on a one minute chart from 9:30 am – 2:30 pm EST taking long and short signals on the Crude Oil (CL) futures. It uses a $700 stop loss.
This system was designed from our stock index futures Cobra trading system and used to trade the “middle trend”. The goal is to take a piece of the trend, instead of buying breakouts or trying to pick tops and bottoms. It exits all open long trades at 2:30 pm EST and short trades by 12 noon EST, if it is still in a trade and takes a maximum of one trade per day.
Cobra Crude Oil Trading System Inputs
*The Tradestation Performance Summary goes back to 9/5/2006
*Crude Oil begins trading intra-day electronically on 9/5/2006
The Cobra Crude Oil Trading System is also available on the Tradestation Network
Can I purchase the open code?
I have spent hundreds of thousands of dollars developing strategies. There has been a great deal of trial and error in the last 15 years to determine what works best. I do offer the the open code to my strategies. I consider this my intellectual property. You can purchase this strategy and any of the other strategies on the Purchase page. You must also fill out a Non-Disclosure Agreement in order to purchase any of the open code strategies.
How does Cobra work? The details of the strategy are proprietary. In general, I combine my own pattern based entry technique as well as my own trend indicator. If the trend is up, then we take long trades if the long pattern setup is there. If the trend is down, then we take short trades if the short pattern setup is there. The goal is to trade the trend and get in before the trend accelerates but to also ensure that we have the trend correct. We are not looking to call tops and bottoms but could be described as a “middle trend finder” and to get a piece of the trend somewhere in the middle. It is a day trade strategy.