Forex Center Gravity Trading System
Forex Center Gravity Trading System:
The system uses the Center of Gravity (COG) indicator to determine price overbought or oversold status.
Time Frame Hi1 or Higher
Pairs:all
Indicators:
CoG
MA cross oc
Long entry
When the price has moved below the BOTTOM GREEN line of the Center of Gravity indicator and the bar has CLOSED, you should become alert and wait arrow blue of MA OC.
Short Entry
Wait for the price to move above the TOP GREEN line of the Center of Gravity indicator and the bar to CLOSE. After this happens, you need to wait arrow red of MA OC
Stop Loss
You can use a fixed stoploss or a trailing stop, You can also move the stops manually each and every time a new support or resistance level develops.
Profit Target
For the Takeprofit, you can use a fixed Takeprofit level, you can calculate this based on the risk:reward ratio based on your stoploss level
You can keep it 1:2… for example, if you are using a stoploss of 25, you can put a takeprofit of 50. You can also use no takeprofit levels at all and let the trades run closing them when you have an opposite trade signal, this will bring you some more pips. You can use for Profit Target the middle band of Center of Gravity.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Center Gravity Trading System?
- Download Forex Center Gravity Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Center Gravity Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
