Cobra Algo Review – Is This Platform Worth Using?

Cobra Algo Review

  • Ease of Use
  • Quality
  • Value

Summary

Cobra Algo is an algorithmic buying and selling platform designed to combine with TradingView. This platform comprises business indicators in addition to take cash in ranges, prevent loss ranges, and trailing prevent ranges. Cobra Algo additionally comprises the facility to attract fortify and resistance strains, most sensible and backside indicators, signals, and extra. Learn extra about this platform through studying our whole Cobra Algo assessment.

About Cobra Algo

Cobra Algo is an algorithmic buying and selling platform that integrates with TradingView. The platform shows purchase and promote indicators, fortify and resistance strains, and prevent loss and cash in goal strains on most sensible of TradingView charts. It helps all the property and timeframes to be had on TradingView, making it helpful for an excessively wide selection of buyers.

So, is Cobra Algo best for you? Our Cobra Algo assessment will take a better have a look at the whole thing this software can do.

Cobra Algo Homepage

Cobra Algo Pricing Options

Cobra Algo prices $39.99 per thirty days or $379.99 in step with yr. You can check out the device without spending a dime for 3 days without a bank card required.

Cobra Algo Features

TradingView Integration

Cobra Algo is designed to combine with TradingView’s charting device. You will have to have a TradingView account in an effort to use Cobra Algo, even supposing you’ll be able to use the software even with a loose TradingView account.

Cobra Algo helps all the markets to be had on TradingView, together with shares, crypto, foreign exchange, and futures. You can configure the software to turn indicators for any time frame starting from 1 2d to twelve months.

Trade Signals

Cobra Algo identifies lengthy and quick business indicators on each and every TradingView chart, without reference to asset or time frame. Short indicators double as go out indicators for lengthy trades.

Cobra Algo Trade Signals

In addition, the device is in a position to override the default bar shade settings in TradingView to re-color candlesticks in keeping with whether or not they’re a part of a strengthening or weakening development. Green candlesticks point out a strengthening bullish development, crimson candlesticks point out a strengthening bearish development, and hole candlesticks point out that the prior development is weakening. This comes in handy as a result of you’ll be able to see at a look whether or not the craze on which the indicators is primarily based is constant or starting to weaken.

For each and every business sign, Cobra Algo shows as much as 3 take cash in ranges, a prevent loss degree, and a trailing prevent degree. These cash in and prevent ranges aren’t calculated through the set of rules, however moderately are set at mounted percentages that you’ll be able to customise.

Support and Resistance

Cobra Algo can routinely draw fortify and resistance strains in your charts in TradingView. These strains start from a unmarried candlestick, so you’ll be able to see the bar – normally the utmost or minimal level of a reversal – on which the fortify or resistance line is primarily based.

Cobra Algo Support-Resistance

Volatility Band

Cobra Algo’s volatility band is a visible indicator of ways unstable an asset’s value is over a given time frame. A much wider band signifies extra volatility – and doubtlessly extra alternatives for directional buying and selling – whilst a slender band signifies that the asset’s value is reasonably solid.

Top and Bottom Signals

The set of rules identifies attainable tops and bottoms on any time frame. This data can be utilized through buyers to spot alternatives to fasten in income sooner than a goal value or to double down on an current place.

Cobra Algo Tops and Bottoms

Dashboard

Cobra Algo too can show a small dashboard on most sensible of your charts. The dashboard gives details about whether or not the closing business sign for an asset was once lengthy or quick on timeframes rather then the time frame you might be lately charting. For instance, if you are the use of Cobra Algo on a 1-hour chart, you’ll be able to see whether or not indicators on different timeframes for that very same asset are bullish, bearish, or blended.

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Cobra Algo Dashboard

The dashboard will also be used to regulate different property. You can upload as much as 10 further property to show within the dashboard, and Cobra Algo will display whether or not the closing business sign is lengthy or quick for the time frame you might be lately charting. This is especially helpful for maintaining a tally of different shares in a sector or on main marketplace indices.

Alerts

You can arrange TradingView signals in keeping with Cobra Algo’s indicators. You can create signals for brand new lengthy or quick indicators, new fortify or resistance strains, new tops or bottoms, or an asset crossing a prevent loss or take cash in degree. Alerts may also be despatched through electronic mail or cause a pop-up to your TradingView window.

Cobra Algo Alerts

Note that the selection of energetic signals you’ll be able to create varies in keeping with your TradingView plan. Free customers can best have a unmarried energetic alert.

Cobra Algo Customization and Layout

Cobra Algo is extremely customizable, so you’ll be able to adjust the show to fit your buying and selling taste. You can toggle any of the device’s annotations on or off, or exchange their shade or look. It’s as much as you to make a choice what share exchange to make use of because the default prevent loss and take-profit ranges for buying and selling indicators. You too can alter the sensitivity of fortify and resistance line calculations to peer a better or lesser selection of attainable fortify and resistance strains.

Cobra Algo Settings

Cobra Algo additionally permits you to alter the sensitivity of business indicators. The sensitivity surroundings for business indicators is composed of 2 numbers, one for lengthy indicators and one for brief indicators. The platform suggests sticking with the default settings, however gives attainable sensitivity levels to check out for day buying and selling, scalping, and swing buying and selling.

It’s value noting that you’ve got retained get admission to to all of TradingView’s integrated signs and customization options when the use of Cobra Algo.

Cobra Algo Platform Differentiators

Cobra Algo is a well-designed algorithmic buying and selling device that gives sufficient flexibility for nearly each and every dealer to use it. This platform can be utilized through now not best inventory buyers, but additionally crypto, foreign exchange, and futures buyers. It will also be utilized by swing and longer-term buyers who business on day by day and even weekly timeframes.

What’s particularly great about Cobra Algo is that it does not pressure buyers to depend blindly at the algorithmic business indicators. These indicators are accompanied through computerized fortify and resistance ranges, development energy signs, and most sensible and backside indicators that may lend a hand tell trades. Traders even have get admission to to the large vary of signs and scripts to be had in TradingView.

What Type of Trader is Cobra Algo Best For?

Cobra Algo is designed in some way that makes it appropriate for nearly any dealer. For how succesful this software is, it is usually reasonably affordable.

The set of rules can annotate charts on any time frame, from seconds to months. It additionally works for shares, crypto, foreign exchange, and futures. Even for energetic medium-term traders who do not typically depend on equipment designed for momentary buyers, Cobra Algo may also be relatively helpful for figuring out access and go out issues.

Pros

  • Algorithmic lengthy and quick indicators
  • Works on any time frame from seconds to months
  • Supports shares, crypto, foreign exchange, and futures
  • Integrates with TradingView charts
  • Highly customizable to fit your buying and selling taste

Cons

  • No energy or self assurance scores for business indicators
  • Sensitivity settings may also be complicated

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