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Scalping system #11 (The Center of Gravity)

Submitted by Ashur

Alright first of all, I just want to say the indicators that i'm going to post and show are not mine so i take no credit for them. The center of gravity indicator was created by Oan. The idea is based on Mostafa Belkhayate's system. Also the sweet spots indicator was taken from "Patrick Bourgeois" with his submission of "Trading by Psychological Levels". So I'm going to upload all the indicators, and all you do is, put them in Metatrader/Experts/Indicators folder. Im also going to upload the template so all you have to do is load the template.

The rules are these:

- Only trade 5 min chart
- Only trade in the direction of the Center of Gravity lines, so if they are pointing downwards then you only enter short positions and if they are pointing upwards you only enter long positions
- take profit is always one level above the level you entered your trade at.
- to be honest with you i never used a stop loss i only closed the trade when the lines pointed against me, but i bet we can work something out for a stop loss in this site.
- I mainly trade eur/usd and sometime gbp/usd, but i'm starting to look into trading the gbp/jpy also
- trade this system on a demo account until you are ready, don't rush into the market.

To enter a short position:

- center of gravity lines must be pointing downwards
- the price must be over the middle center of gravity line
- you sell at the first level on the sweet spots indicator that the price hits
- if price continues upwards you would sell at the 2nd level it hits once again.
- take profit point would be at the line below the 1st level you entered at. Some times the market will not hit the target exactly so just to be safe put your take profit a few pips above it.

To enter Long positions:

vice versa short position rules

A few pointers:

- try to stay away from Friday's and try to hold your self from trading NFP week.
- I find the absolute best time to trade this system is 8AM-12PM Eastern Time.

Note: This system does repaint, so backtesting is useless. But don't worry the system is very profitable, it just takes some practice. You will see its true value with a little bit of forward testing ;)

Once again I'd like to thank "Oan from www.oan4x.com" for helping me, "Patrick Bourgeois" for the indicator, and all the people form www.forexfactory.com that helped edit and put together this system.

If I forgot to add something, I will edit and put it up for sure.

If anyone has any questions feel free to ask.

Sincerly,
Ashur

SweetSpots.mq4
Center of Gravity 1.mq4
ashurtemplatecenterofgravity.zip


Thank you, Ashur, from entire Forex Strategies Team and our visitors for a great system!



http://forex-strategies-revealed.com/


Hi,
Loaded your template, but am confused?
The 2 horizontal red lines .... are they the "Center of Gravity Lines"?
All the other yellow lines ... what are they?

Thank you,
Stuart (Belgium)

Hi

Is it possible to show us graphical examples? Thanks

I am new here.

Snowhyte


this is a screen shot of the basic entry points and takeprofits

Hi Ashur,
I've just tested your Centre of Gravity system over three currency pairs today and it produced 13 winners and 1 loser. Remarkable results, and something to test further over the coming weeks.The only thing I don't quite understand is in your instructions for taking a short trade.
You state "- you sell at the first level on the sweet spots indicator that the price hits
- if price continues upwards you would sell at the 2nd level it hits once again."
I'm not sure about the second part regarding the price continuing upwards ( and sell at the 2nd level???) having entered a short trade. Do you think you could explain this point in a bit more detail.
Thanks Andy

Hi Ashur,

I've just submitted a comment saying how I tested your system today and got 13 winners and 1 loser and thought I was doing it correctly. However, I have just seen the screen shot you provided and I am now not sure that I am doing it properly. I have been using the light blue heavy centre line as my centre of gravity and trading when the price goes through that line (in the direction of the line)and touches the first sweet spot indicator. I then exit the trade when price passes through the second sweet spot indicator. On your screen shot you are showing trades after the price passes through a different lower blue line, saying you would buy at these two levels, so now I'm confused. If I'm doing it wrong I'm quite happy with the first day's results!!!!

...May be that's another way to trade it :)
Can you share your results? I mean, can we see any of your screenshots?

Thank you.

Thomas

Hi Ashur

Looking at your chart i notice a bar indicator in the top corner reading Mins to weeks, with a name plate CAN . how do you use this ?
I have viewed oan site in the past but i thought he always used the COG bands ? Have you compared your system useing the 'sweet spots' to the 'COG bands' way oan uses ? if so what are your thoughts.

I think this system ( cog trading ) is possibly the best out there.(Althought it repaints ) ( I advise anyone out there to take note !!!!! )

Thanks Ashur,

Good trading to all.

Thanks

Nice System Ashur, keep it in goodwork.

Regards;

Manus168