Cobra SPY 009 Trading System
Cobra SPY 009 trading system is ETF version of the Cobra E-mini S&P. The SPY and E-mini S&P are correlated markets representing the S&P 500. Instead of trading all 500 stocks in the S&P 500, you can trade just one instrument, the SPY, an Exchange Traded Fund that trades on the AMEX and is considered a stock/equity market or you can trade the E-mini S&P futures traded on the CME.
This strategy is a trend following day trade system entering trades between 11:15 am – 3:30 pm EST. It can be tough to design an ETF day-trade system, that has enough average profit per trade to manage the transaction costs in the market of slippage and commission. This strategy uses a $1/share stop loss or $1000 stop loss on 1000 share trades. The number of shares can be adjust with the inputs.
The Tradestation Performance Summary for the last 5 years is show below for 1000 share trades. The inputs that are used in this system follow. Since mid-June this strategy has been making equity peaks up until mid-November. We are in a pullback, looking for another run.
Cobra SPY 009 Trading System Performance Summary
Cobra SPY 009 Recent trading in December 2011
Cobra SPY 009 System Inputs