Cobra II Euro Currency
An Automated Trading System for TradeStation and NinjaTrader Platforms
The Cobra II Euro Currency is a trend following automated trading systems and is a trading system update for Cobra Euro Currency on 8/3/2011. The original Cobra Euro Currency trading system was developed in 2009 based on the stock index Cobra trading system and had 3 levels of selectivity. The upgrade has simplified the strategy by removing a couple of price based requirements, modifying the range filter, and requiring that long trades are entered in the upper 25% of the current day’s range while short trades are entered in the lower 25% of the current day’s ranges.
We also have changed the entry times for taking trades. These times are from 6:30 am – 11:00 am EST. The Euro has some good trends during this time frame over the last few years. The proprietary Cobra pattern that is used in all Cobra Trading Systems remains unchanged. The original Cobra Euro strategy called some good trades but had a low average trade profit and took too many bad trades as well. Cobra II Euro Currency is more selective and will replace the Cobra Euro Currency strategy. Look at the video and information below for more details.
Cobra II Euro Currency is for both the Tradestation and Ninja Trader Platforms and can be traded on the Euro Currency futures and forex. Below are screen shots of Tradestation Performance Summaries.
Cobra II Euro Currency – 3 Years, no slippage or commission
Cobra II Euro Forex (EURUSD) – 3 Years, no slippage or commission