The Cobra II Euro Currency strategy is our best trend following automated trading systems for currency futures and forex. The most recent version Cobra Euro II was updated on 8/30/2011. The original Cobra Euro Currency trading system was developed in 2009 based on the stock index Cobra trading. The upgrade in 2011 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. The proprietary Cobra pattern that is used in all Cobra Trading Systems remains unchanged.
As of February 2019, we have updated this strategy setup to include Cobra Euro IV which is a more high frequency version of Cobra Euro II, developed to capture the more stealth trends in the current market environment. The reports for both versions of Cobra Euro are below.