Scalping system #11 (The Center of Gravity)

I have a secret for you about this system. there is one guy on your site who has posted a lot of strategies in your new forum site, watch his blog. he is using this system as far as i could see. seems to be making a lot of money.

this is my answer to Anton question.

Hi Anton,

that's quite a task, honestly.
I don't want to leave this question unanswered, but I also don't know what to suggest at the moment.
Basically, we are talking about moments when a trend has already began to reverse but COG continues to point in the old direction.

Without any indicators for now, I believe your best friend will be a simple trend line. With COG channel it is much easier to pick most visible tops and bottoms for a trend line. If a trend line gets breached that's your first warning.
Also if you like divergence approach, it'll be of a good help here.

Other than that, we need to sit down and run through the options, I'll post an update if I find a solution.

In the mean time try another version of same indicator, it looks to be a little more flexible: Gravity_Center2.mq4

Regards,
Edward

Thanks Edward for your answer.

There's another question for this forum.

One problem when I use this system is about reversal. When a reversal happens, we don't know that it's a temporary or "real" reversal because the COG still point to different direction from reversal.

So the question is what the best indicator that complement this system so we can differentiate between "real" or temporary reversal?

Thanks.

Regards,

Anton

Hi Anton,

Absolutely any currency pair. Start with EURUSD, USDJPY and GBPUSD.

Regards,
Edward

Hi all,

I have a question.
What currency pairs that we can use with this system?
Thanks.

Regards,

Anton

Hi Francis,

That would be an absolutely different method.

Regards,
Edward

i am wondering if i could use Bollinger Band's centre line to do the thing you are doing.

Rdg.,

Francis

Uploat a template to your MT4 folder called "Templates".

When you open a trading Platform go to: Menu Charts -> Template -> Load Template.. -> Name_of_your_template.tpl

If you don't see your template file there might be 2 problems:

a) you haven't restarted a platform after copying files;
b) you've copied .tpl file to /Experts/Templates folder instead of main /Templates folder.

Alex

can anyone please explain how to download the templates on MT4? I am new at using the MT4 platform and attempted to open them as a SCRIPT on the EDITOR. They won't show up when the charts are up and I have selected them from the file. Thanks for the help

Hello, my name is Richard. Just so people know, the Center of Gravity system is the name that the creator appropriated to it. It is actually a polynomial regression channel, so it attempts to predict the future but reacts to price changes just like any other indicator, which is why it repaints. The original look back setting when you download this indicator from this forum is set to 240 candles for your M5 chart, which is adjustable if you want. I suggest you learn how to trade a linear regression line/channel before you use this system. The system does work, but like some of you noticed some times price breaks out of the channel and makes the indicator repaint and point in the opposite direction you were trading. I suggest you do use a stop loss, maybe 50 pips or if the band is narrow outside the indicators red lines. You do need a fair amount of margin so that you do not have to remain glued in front of your screen. Great website and contributions, it has helped me a lot as a trader. It is fantastic to have people that are willing to share their trading methods with others.

hi kata,
from your chart, it seems there is a mistake in applying the rules.

To enter a short position:

- center of gravity lines must be pointing downwards
- the PRICE MUST BE OVER TH MIDDLE CENTER OF GRAVITY LINE (AQUA 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.

hope this help

Found this post last week, practice this week, amazing result, thank you so much for this idea..

Hi Fayt, original COG repaints, but as it tries to fit the price, it shows a projection for the future trend - that's what is most valuable in it. You can foresee trends as well as the center of gravity line which will keep price returning and revolving around the line.

First let me thank Ashur for posting this nice topic, I tried CoG it worked well in demo but when i try in real i got my account burnt, let me know some tips using COG with proper indicators and thier setting for M1& M2

tHANKS IN aDVANCE
Suri

I have just come across this thread, this cog stuff looks fantastic. Andy and others, are you still trading this? How are your results?

cheers,
Jason