Scalping system #11 (The Center of Gravity)
Submitted by User on February 27, 2009 - 18:35.
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:
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Nice System Ashur, keep it in goodwork.
Regards;
Manus168
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
...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,
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!!!!
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
this is a screen shot of the basic entry points and takeprofits
Hi
Is it possible to show us graphical examples? Thanks
I am new here.
Snowhyte
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)
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