Cobra Algo Review

About Cobra Algo

Cobra Algo is definitely an algorithmic trading platform that integrates with TradingView. The platform displays buy and sell signals, support and resistance lines, and stop loss and profit target lines along with TradingView charts. It supports most of the assets and timeframes available on TradingView, rendering it ideal for a very wide selection of traders.

So, is Cobra Algo right for you? Our Cobra Algo review will take a closer look at everything this tool can do.

Cobra Algo Customization and Layout

Cobra Algo is highly customizable, to help you modify the display to suit your trading style. You can toggle any of the software's annotations on or off, or change their color or appearance. It's your decision to decide on what percentage change to make use of because the default stop loss and take-profit levels for trading signals. You may also adjust the sensitivity of support and resistance line calculations to visit a greater or lesser quantity of potential support and resistance lines.

Cobra Algo also lets you adjust the sensitivity of trade signals. The sensitivity setting for trade signals contains two numbers, one for long signals and one for brief signals. The platform suggests staying with the default settings, but offers potential sensitivity ranges to try for day trading, scalping, and swing trading.

It's worth noting that you've retained access to all or any of TradingView's built-in indicators and customization features when working with Cobra Algo.

What Type of Trader is Cobra Algo Best For?

Cobra Algo was created in a way that means it is suitable for almost any trader. For how capable this tool is, it is also relatively inexpensive. 

The algorithm can annotate charts on any timeframe, from seconds to months. In addition, it works for stocks, crypto, forex, and futures. Even for active medium-term investors who don't normally rely on tools designed for short-term traders, Cobra Algo could be very ideal for identifying entry and exit points Read Full Article Here.