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 together with TradingView charts. It supports every one of the assets and timeframes on TradingView, which makes it helpful for a very wide range of traders.
So, is Cobra Algo right for you? 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, in order to modify the display to accommodate your trading style. You can toggle some of the software's annotations on or off, or change their color or appearance. It's up to you to decide on what percentage change to utilize whilst the default stop loss and take-profit levels for trading signals. You can also adjust the sensitivity of support and resistance line calculations to view a greater or lesser number of potential support and resistance lines.
Cobra Algo also lets you adjust the sensitivity of trade signals. The sensitivity setting for trade signals includes two numbers, one for long signals and one for short 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 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 is made in a way that makes it ideal for 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. Additionally, it works for stocks, crypto, forex, and futures. Even for active medium-term investors who don't normally count on tools made for short-term traders, Cobra Algo can be quite helpful for identifying entry and exit points.
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