The Cobra III Trading System was initially developed in 2005 with the latest release in 2009. Since that time the entry rules have remained unchanged. In November 2016, we changed the interval from five minute bars to 15 minute bars.
Cobra III trades in the direction of a strong and well established intra-day trends. 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. Daily risk is fixed with Cobra III since it only takes one trade per day maximum. The best description for the way this strategy works in just a few words would be “middle trend finder”.
This strategy is designed for the Tradestation, Ninjatrader, and MultiCharts platforms.