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Cobra III E-mini Nasdaq

The Cobra III Trading System was developed in 2009 as an update from the Cobra II trading system. In Cobra III, selectivity of trades increased as it is a more "conservative" version than the Cobra II trading system since it takes fewer trades. Cobra III requires "greater strength of trend" than Cobra II. It looks for a well established intra-day trend. This strategy is limited to one entry per day. In early 2018, when volatility increased, the stop loss was updated from $300 to $600 per contract and the profit target was removed. 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”.

The Cobra trading system was initially designed in 2005. In November 2016, we changed the interval from five minutes 15 minutes. This strategy is designed to trade in the Tradestation, NinjaTrader, and MultiCharts 10 trading platforms.

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Tradestation Hypothetical Performance Summary
Cobra III E-mini S&P 15 minute R1 = 2
No Slippage or Commission
02/12/2001 - 04/19/2019