Scalping system #11 (The Center of Gravity)

Hi guys. Just came across this system. In theory it sounds great, looks great too but im getting murdered out here. Does someone have msn messanger? Could you help me out please? Anyone who is willing to lend a helping hand please add me to msn nahcmon{at}hotmail.com or skype a-game360. It would be much appreciated as responses on forums usually take forever. Thanks in advance...

Guys, what MT4 files do you need?

Warren

Bharat,
I believe Edward meant using COG for both: higher (30 min or hourly) time frame and 5 min TF, because he said:

"...and you just needed to check the higher time frame: 30 min or hourly, where you'd need to keep COG indicator as well."

Why would one need to keep COG on higher time frame for no apparent reason.

Just my 2 cents,
cheers,

Warren

Can somebody send me the file mt4 format in a way that the only thing i need to do is put it in mi indicator pleaseeeeeeeeeee

hi edward.
i'm kata. thanks for your response. on my real account i have a pretty good money management system. on those demo accounts i was trying another trading method too. but from now on i will check higher timeframes.
and sorry for my late response but i was in the hospital for the past week and no internet there :) only pills

Hi Edward,

I'm Bharat and I'm the one you sent some MT4 MACD indicators to recently, many thanks for that. I have a question with reference to your response to Kata on Page 9, where you have mentioned that one must check the trend with a higher TF (30 min. or 1 hour). My question is: in checking this, is one looking for the COG lines in the same direction in the higher TF when compared to the 5 min. TF, OR, is one looking for the latest trend in the higher TF? For example, today I noticed, in the 5 min TF of EUR/USD, the COG lines are going down, while in the 30 min. TF, overall they are going UP but since the morning, for several hours, the latest trend within the 30 min TF is going down..... same is th case in the 1 hr. TF, th COG lines are UP but since the morning the latest trend is down. So, is one looking to compare the latest trend in the higher TFs or actually the direction of the COG lines itself? So, if one is looking for latest trend, and the latest trend in the higher TFs is the same as the direction of the COG lines in 5 min. TF, is that fine to then trade in the 5 min. TF in the direction of the COG lines (with all other rules of course). Pls. advise.

Tks,
Bharat

Hi Stuart and PatrickB:
I just stumbled on this forum by chance and noticed that you are both from Belgium. Also being from Belgium, I would very much like to communicate with you about this system and Forex in general. You can contact me at: [email protected]
Blessings,
Eddy

Hi KATA,

You've done everything according to the rules.
The system didn't worked in your favor because there was a sharp turn in the market, which COG was late to adjust to... or may be it was actually an uptrend all the time? and you just needed to check the higher time frame: 30 min or hourly, where you'd need to keep COG indicator as well.

I realize that it doesn't saves the situation, I don't like to lose a trade after trade too, but have you used a proper money management even while demo trading? Blowing an account in just two weeks is a way too quick result. A streak of losing trades can happen to anyone anytime and you have to make sure that you can survive it with your account being in the right shape to continue trading.
Take an average stop loss that you had and multiply it by 10 losing trades, after that see if your account survived the hit.

Again, it was a fault on the COG's side, and then it repainted itself while you were left with losses to cope with, but you have to adjust, evaluate and survive it next time.

Regards,
Edward

Thank you, Hrach.

The only thing I would do, when doubling after a losing trade is to make sure I'm going to trade with a trend, suggested by COG or any other indicator.

Regards,
Edward

Edward. this site is really fantastic.
I'd like to extend the original method of using COG.
If you entered to trade, but market is going against you can make second trade with double lot size after you are going -(10~15) PIPs each time. Only you must make sure to have enough margin. This is very dangerous but profitable, because you can achieve biggest lot size when market is turn. I play with real account (with very dangerous leverage 1:400) and get 300$ gain from 450$ original account only in 1 week.
Once more be very careful.
Hrach

hello all.
hi Edward. this site is fantastic. very good ideea. i've been researching this place for a couple of months now.

i have a little problem that i must clarify with this COG system (the first one posted not the new one that is seen above my post). i tried to demo it the past week but i don't see good results.

the first picture attached that explained the system is not valid because from where it says to enter the trade and to where the price was at the moment of taking the picture that center moved a lot.

there is an user ANDY saying that he could catch 12 hrs of the cog but if u stay in front of your computer 10 hrs a day(like me :D) you can clearly see that the cog 1 hr ago is not the same cog now.

anyway, as u guys say 1 picture worth a 1000 words, i'll post a picture taken today 31 march 2009 11:28 gmt+3 (my hour) in which i pointed my last trade and explain to me what am i doing wrong (if there is something). i must say that i respect the original rules posted for the system - buy, if cog is up and price is under it, at first level and second level with limit at the level above I 1st bought and viceversa for sell. this is how i understand the original rules.

and here is the picture (i understand that there are some loosing trades but blowing 2 demo accounts - 3000$ each in 2 weeks is not some loosing trades.)

sorry for my double post i forgot to paste the image link into my post

many thanks. with all my respect. KATA

Andy,here is what you looking for... ;-)

Every templates with a COG system I used so far had several COG indicators. IT may be possible to program an indy that would group them all, I don't know.

Chamane

Hi,

I'd like to try out the new COG indicator but am unsure how to apply it to the charts because when I unzip the folder I see lots of individual files each showing only one part of the whole indicator. Do I have to apply all the files individually to a chart every time I want to use it, or is there some way of grouping them all together and applying them to a chart as a single indicator, as I was able to do with the original COG indicator posted by Ashur. Any help, please
regards
Andy

Thats the paid system, someone hacked it, took the time limit off and posted it over the internet. I don't think thats right to do. Where did you find that Manus?