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A Trading Strategy for Crude Oil Futures

Cobra Crude Oil

The Cobra Crude Oil trading system is an automated day trading system for the Tradestation 9.5, NinjaTrader 7, NinjaTrader 8, and MultiCharts 10 trading 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 and uses a $700 stop loss per contract.

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.

Tradestation Hypothetical Performance Summary

9/5/2006 - 09/30/2016
No Slippage or Commission
Cobra Crude Oil Trading System

Cobra Crude Oil Trading System Inputs

In 2015, we added the selective version of Cobra Crude. In the selective version, we require that the trend is "stronger" and we also remove the range requirements. This strategy becomes more selective, taking less trades and has a lower drawdown. The Performance Summary is below. 

When you subscribe to Cobra Crude, you get both versions to test and trade.

No Slippage or Commission