Cart 0

Cobra II & IV Euro Currency Trading System

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.

Recent Cobra Euro IV Trades

Cobra Euro Currency IV was developed in February 2019 to respond to the more stealth trends in the currency markets. As markets become more efficient, adjustments are needed. Cobra Euro II is still one of our top strategies and we anticipate that it will do well if the average daily ranges pick up. Cobra Euro II has signaled very few trades in the last couple of years. Cobra Euro IV is an adjusted version of Cobra Euro II that trades more frequently and tests well back to mid 2016.

On March 7, Cobra Euro IV entered a short trade less than an hour before the ECB's dovish policy statement. It exited at 3pm EST, capturing 128 points on the day. Mario Draghi and the ECB can generate some big moves in the forex markets with their policy statements. We have been on the other side of some of these statements. This strategy works to cut losses with a $650 stop loss per contract and holds trades until the end of the day as it did here on March 7, 2019.

On March 8, it went long and captured a small counter trend move.

Cobra Euro Currency II
Hypothetical Tradestation Performance Summary
No Slippage or Commission
09/06/2001 - 02/15/2019

Cobra Euro Currency IV
Hypothetical Tradestation Performance Summary
No Slippage or Commission
07/31/2016 - 02/15/2019