About Cobra Algo
Cobra Algo is 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 on top of TradingView charts. It supports all of the assets and timeframes available on TradingView, making it ideal for an extremely wide selection of traders.
So, is Cobra Algo right for you personally? Our Cobra Algo review will have a closer look at everything this tool can do.
Cobra Algo Customization and Layout
Cobra Algo is highly customizable, so you can modify the display to accommodate your trading style. You can toggle the software's annotations on or off, or change their color or appearance. It's up to you to choose what percentage change to utilize since the default stop loss and take-profit levels for trading signals. You can even adjust the sensitivity of support and resistance line calculations to view a greater or lesser quantity of potential support and resistance lines.
Cobra Algo also allows you to adjust the sensitivity of trade signals. The sensitivity setting for trade signals contains two numbers, one for long signals and one for short signals. The platform suggests keeping the default settings, but offers potential sensitivity ranges to apply for day trading, scalping, and swing trading.
It's worth noting that you've retained access to all of TradingView's built-in indicators and customization features when working with Cobra Algo https://scamrisk.com/cobra-algo/.
What Type of Trader is Cobra Algo Best For?
Cobra Algo is made in a way which makes it suited to virtually 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 count on tools created for short-term traders, Cobra Algo could be very ideal for identifying entry and exit points.
Comments
Post a Comment