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Cobra III Stock Indexes

The Cobra III Trading System was created in 2009 as a modification to Cobra II. Selectivity of trades is increased in the latest version and is a more conservative version than Cobra II trading system, and takes fewer trades. Cobra III requires more strength of trend than Cobra II. This can cause later entries into the market at times. Like Cobra II, Cobra III has a profit target and is limited to one entry per day. The stop loss remains the same at $300 per contract with profit targets between $600-$900. You daily risk is fixed with Cobra III since it only takes one trade per day. The best description for the way this strategy works in just a few words would be “middle trend finder”.

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Tradestation Performance Summary
Cobra III E-mini S&P 1m, 5m, and 15m
No Slippage or Commission
11/01/1997 - 09/30/2016

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Tradestation Setup

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NinjaTrader Performance Summary
Cobra III E-mini S&P 1m, 5m, and 15m
No Slippage or Commission, LiberalWithOpen Fill Type
07/21/2006 - 09/30/2016