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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Question, quote:
"I would trade as the systems states WITH the gravity line, but entered a trade immediately as the price fell below or above the line (depending on direction). If the price continued further, I entered a 2nd trade....I set TP to between 5 and 10 pips only"
Here we mean using the COG indicator (Center of Gravity indicator, which can be downloaded on the first page). Withing the indicator, we need to focus on its central line, referred as "gravity line": as price crosses it to the upside - open a Buy order; should you get it right and the price moves in your favor - add up a second Buy order. Remember that for Long entries (buy), COG's lines (the overall indicator channel) must be sloping upwards, for Short trades (sell) - COG must be sloping downwards.
Regarding the EA, check out the following discussion about COG EA here
Best regards,
Edward
hi
still new in this thing but is any one already coded this system in ea,sorry english not very good.
"I would trade as the systems states WITH the gravity line, but entered a trade immediately as the price fell below or above the line (depending on direction). If the price continued further, I entered a 2nd trade....I set TP to between 5 and 10 pips only"
Could you quote the lines you couldn't understand, please?
We'll work on it.
Regards,
Edward
Could someone explain how Staurt of Belgium is using this system. It was a bit unclear....
50 SMA + 20 SMA cross, 50 SMA + any other SMA (smaller or higher)
Best regards,
Edward
What would be good EMA and or SMA time periods in order to get a trend confirming cross?
COG indicator is written for MetaTrader4 (MT4) platform. But since it is a custom made indicator, none of the MT4 platforms has it. Traders need to install the indicator manually.
http://forex-strategies-revealed.com/mt4/how-to-add-and-use-mt4-custom-i...
Best regards,
Edward
what brokerage firm's platform has this cog indicator?
Your COG on the screen shot is fine.
COG indicator will only go back for a few hours.
To see all bands, you have to zoom out charts: try pressing "-" and "+" buttons on your keyboard to see the difference; or use zoom in/out option on the MT4 platform (you'll find it quickly in the menu by making a Right click the chart window)
Cheers
Thomas
my indicator does not chart correctly it is extremely large and you cant see all the bands
can any one ell me why this indicator wont fit on the screen it. It also only goes back about 1 hour
Greetings,
I have started using this system but the indcator doesnt fit on my chart it is very large only showing 2 or 3 lines also it doesntgo back more then an hour. Can any one help me
Hey Jim,
Try with the right mouse click -> save as
Thomas
Hi I've been reading this indicator but I'm not having any luck downloading it. Is the link still good? I don't know what I'm doing wrong. Thanks Jim
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