Scalping system #11 (The Center of Gravity)

Hi Martin,

Follow this steps: Programs>Broker>Template .. (This is where you place your template/s)
Programs>Broker>Expert>Indicators.. (This is where you put your indicators)
Hope this helps.
Cheers,
C_flow08

I just started testing this today and will post screen shots shortly maybe we can all master this together then.

Hi Ashur / Edward

Thanks for posting the system, I just have a couple of queries regarding this. Apologies i am relatively newish to trading!!

Firstly, as you can see from my screenshot I only have 5 sets of cog, as opposed to 7 on your screenshot, why is there a difference? Have I uploaded incorrectly?

Secondly, what am i supposed to do with the zip file that you have submitted originally, called ashurtemplatecentreofgravity.zip, as after I have zipped it, it isn't recognised within my indicators list as it is a tpl file?!?!?!

Thirdly, Edward do you think you could submit clearer instructions on using this scalping method, as when I came to demo it, the very first trade I executed I had to close with a 20 pip loss

Regards

Martin

I'm fine :)

paulk: You need a 5digits broker. So change the 25 to 250 in the settings of the sweet spot

I did share the way I trade these indicators in my post. As a newbie, you may find it useful to read up on how risk management, price action, moving average crossovers, and support and resistance works before you take the leap into using statistical probabilities. COG is just another tool in your arsenal, that's all. Even if you understand how to use cog, unless you master yourself, it'll be useless to you. We've all been there. And the only way you'll know that you've mastered yourself is when you find that you keep saying to yourself that you haven't mastered yourself yet. It's a continuous journey, not a destination. That's all I'm willing to share on my trading strategy.

Thomas, re-reading my post, I was a bit harsh in the language I used. I'm sorry about that.

To the person who commented on Thomas's posting, are you prepared to share your trading strategy with us and perhaps clarify some of the detail that appears to have been left out from the original posting. As a newbie I find it very frustrating to be fed a few snippets of a trading system and then be left to try and work out some of the detail. Obviously you are not obliged to give out any information whatsoever but I for one would truly appreciate your guidance and experience of using this system. Thanks very much.

You're right. Man, I don't know what I was thinking about writing my comment yesterday...

Thomas, with all due respect, you don't know what you're talking about.

The cog uses a defined number of bars, not time. This one counts back 240 bars, which it bases its calculations on. So it doesn't matter if the bars are 1 hour bars, 5 minute bars, 1 minute bars or weekly bars. The calculation is always based on the number of bars going back. It doesn't care about time. Its based on a statistical probability. It will repaint on any timeframe, and the time frame you use doesn't matter. What matters is that you trade it with the defined trend that is already in place. And DO NOT use martingale to average down. But also have a maximum of a 50 pip stop loss.

I know because I've been successfully trading this system for a year now, using moving average cross overs to confirm a strong trend.

Yes, the indicator repaints, but not the way we used to know. Regular useless indicators repaint itself when you are in the trade. This one adjusts about once a day for the new day of trading. Since we trade 5 min charts it doesn't affect us at all. It is a great tool, I suggest you try it.

Thomas

hi all dont want to be a party pooper but if the cog repaints visual backtesting even on a simulator is useless

Paul,

try zooming in on the chart using the + symbol on your top tool bar so you don't see such a large price range on your chart. As the sweetspot indicator places a horizontal line every 25 pips you don't want to see too many or it could confuse you. Hope this helps.

you are very great..

Hi Ashur

Thanks for the system details looks good to me. Has this been tried on a higher time frame ?

Thanks

First, thanks or posting the indicators and template. Second, I know some say the system is great and others try to explain how to use. However, it is confusing given the varying uses and outstanding and unanswered questions about the system. Would someone please post a concise set of instructions, including a discussion of how to use the heavy blue line and along with blue, red and green line in relation to each of the sweetspots? Thanks in advance!