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A MultiCharts 10 Trading Strategy for Crude Oil Futures

Cobra Crude Oil MultiCharts 10

The Cobra Crude Oil trading system is an automated day trading system Crude Oil futures. It 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.

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 and is the strategy that we use for Cobra Crude Oil in our portfolios. The Performance Summary is below. 

No Slippage or Commission

MultiCharts 10 Cobra Crude Oil V3 Trading System Data Settings

MultiCharts 10 Cobra Crude Oil V3 Trading System Input Settings