Spitting Cobra E-MINI NASDAQ designed for Tradestation trades in the direction of a strong and well established intra-day trends. This strategy is limited to one entry per day and the daily risk is fixed since it only takes one trade per day maximum.
The Spitting Cobra NQ is one of our top strategies and has the tendency to make some pretty big moves. The Spitting Cobra pattern (that you can learn about in the open code purchase) has been in sync with this market for a while and the daily ranges in the NQ are at a sweet spot for this strategy. If you want to simplify your trading, a strategy like Spitting Cobra NQ can do that.
The best description for the way this strategy works in just a few words would be "Middle Trend Finder".
We always recommend starting or adding to a trading system after a drawdown or a series of losers since drawdowns and losing streaks are very normal and cyclical parts of systematic day trading.
Every Trader's strategy should include Automation in today's demanding markets!
Spitting Cobra Article
Risk
Disclaimer
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DISCLAIMER
Algo Chart Pro is a software company. We are not in the business of providing financial or investment advice, nor are we registered with the proper authorities to do so. The product we provide (both the software and its associated documentation, examples, etc.) is for educational purposes only and should never be construed as providing trading or investment recommendations or advice. Any decisions you make using this product are made at your own risk and are yours and yours alone. Remember that trading is inherently risky, and traders may sustain losses greater than their investments regardless of which asset classes are traded. Before trading, carefully consider the risks involved in light of your financial condition and never trade money you can't afford to lose.
Required US Government Disclaimers: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed here. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN ACTUALLY EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.