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.
The Cobra III trading system is included in most of the portfolios of trading systems.
Cobra III NQ Short Trade 09/23/2020
Cobra III E-mini Nasdaq had one of it’s best trades in recent months on September 23, 2020. The strategy went short at 11,017.50 after a quick counter trend trend rally from its most recent trend. The market came within a couple of points of stopping out the short trade before the market rolled over and captured nearly 200 points, covering its short at 10820.25.
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 – 10/15/2020
*First Trade in 2003 since VIX data does not start until 2003
Cobra III E-mini S&P
Hypothetical Performance Summary
No Slippage or Commission
11/03/1997 – 04/02/2020
*First Trade in 2003 since VIX data does not start until 2003
