Cobra III E-mini Nasdaq

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. The best description for the way this strategy works in just a few words would be “middle trend finder”. This strategy is designed to trade in the Tradestation, NinjaTrader, and MultiCharts trading platforms.

Cobra III NQ Short Trade 05/23/2019

Cobra III E-mini Nasdaq did not trade yesterday. It is taking the short side today though. Risking 30 points in the NQ with a maximum of one trade per day.

Yesterday we discussed of winning streaks and losing streaks and how Cobra III E-mini Nasdaq can have two losses in a row followed by a winner. There was quite a bit of euphoric "propping up" of the markets last week. Cobra III NQ seems to be taking trades that work best based on the underlying trend. The January the April rally signals a strong uptrend based on price and new highs for the Nasdaq and S&P but fundamentally, the market still appears to be in a downtrend. There has been a big divergence between price and fundamentals as is often the case in the markets.

Its hard to short gap downs but some of the biggest trades in 2018, did just that, shorted a gap downs.

Best Strategy Going into 5/22/2019

My Best Automated Trading System going into today's trade is Cobra III E-mini Nasdaq.

Lately it has a had a pattern where it experiences two losers in a row followed by a winner. Monday and Tuesday both experienced a loss and the count is now two losers in a row. I prefer a strategy that cuts losses and lets profits run. That is how Cobra III E-mini Nasdaq is setup, with a max of one trade per day with a 30 point stop loss. I am looking forword to the next trade in this strategy.

Strategy of the Week 5/17/2019

Amid the frustration this week, Cobra III E-mini Nasdaq was the top strategy of the week and continues to stand out in comparison to all of my other trading systems. I like trading a portfolio of strategies but the trade war volatility and tweet storms have created a more news driven market cycle than usual and have been pretty challenging for a lot of strategies

Cobra III E-mini Nasdaq, has a lot of fire power and this strategy continues to stand out and perform well.

If you ask me, What is the single best strategy to trade right now, Cobra III E-mini Nasdaq is the right day trade strategy for this market. The reason it is the right strategy, is based on how it enters a trade and how we limit the risk of the strategy to one trade per day with a 30 point stop loss. As you probably know, the E-mini Nasdaq has the tendency to make some pretty big moves. The Cobra pattern (that you can learn about in the open code purchase) has been in sync with this market for awhile and the daily ranges in the Nasdaq are at a sweet spot for this strategy.If you want to simplify your trading, a strategy like Cobra III E-mini Nasdaq can do that.

Cobra III E-mini Nasdaq
Hypothetical Performance Summary
No Slippage or Commission
2/12/2001 - 05/22/2019
Tradestation Performance Summary for Cobra III NQ
Cobra III E-mini Nasdaq
Hypothetical Performance Summary
No Slippage or Commission
12/01/2017 - 05/22/2019
Tradestation Performance Summary for Cobra III NQ
Annual Subscription
An annual subscription is the easiest way to get started. We do  not offer monthly subscriptions since strategies can go through multi-month losing streaks. An annual subscription will license you up to 4 contracts per market that you subscribe.
Lifetime License
The lifetime license doesn't limit the number of contracts traded and can be traded on all stock index futures. The code is close and the strategy remains proprietary but the code will never expire. 
Open Code License
The Open Code License gives you access to the code. This is beneficial for traders who want to know how the strategy works and for traders who want to modify the strategy to add their own custom rules to the trading system. The Open Code price is $25,000 and requires a Non-Disclosure Agreement. 
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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Results Have Many Inherent Limitation, Some Of Which Are Described Below. No Representation Is Being Made That Any Account Will Or Is Likely To Achieve Profits Or Losses Similar To Those Shown. In fact, There Are Frequently Sharp Differences Between Hypothetical Performance Result And The Actual Results Subsequently Achieved By Any Particular Trading Program. One Of The Limitations Of Hypothetical Performance Results Is That They Are Generally Prepared With The Benefit Of Hindsight. In Addition, Hypothetical Trading Does Not Involve Financial Risk, And No Hypothetical Trading Record Can Completely Account For The Impact Of Financial Risk Of Actual Trading. For Example, The Ability To Withstand Losses Or To Adhere To A Particular Trading Program In Spite Of Trading Losses Are Material Points Which Can Also Adversely Affect Actual Trading Results. There Are Numerous Other Factors Related To The Markets In General Or To The Implementation Of Any Specific Trading Program Which Cannot Be Fully Accounted For In The Preparation Of Hypothetical Performance Results And All Which Can Adversely Affect Trading Results. These Performance Tables And Results Are Hypothetical In Nature And Do Not Represent Trading In Actual Accounts.

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