Place your stop loss outside of the line by a few pips or high of the candlestick that touched the line. Heres the idea behind this center of gravity indicator : there are 5 lines on the center of gravity indicator. Victoria Victoria, Mahe, Seychelles. It can only be used in the MT4 Trading Platform. Short Entry, wait for the price to move above the TOP green line of the Center of Gravity indicator and the bar to close. Prev Article, next Article. The rules are these: - Only trade 5 min chart - Only trade in the direction of the Center of Gravity lines, so if they are pointing downwards then you only enter short positions and if they are pointing. Place your stop loss outside of the line that is touched or below the low of the candlestick that touched the line. Dont forget to share if youve like this center of gravity forex trading strategy by clicking those sharing buttons below. 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. Some times the market will not hit the target exactly so just to be safe put your take profit a few pips above. 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.
Currency Pairs: Any, timeframes: 5 minutes and above, forex Indicator: center of gravity indicator given above. Also the sweet spots indicator was taken from "Patrick Bourgeois" with his submission of "Trading by forex center of gravity strategy Psychological Levels". Simple Trading Strategies, the center of Gravity, forex Trading Strategy is based on an indicator called the center of gravity indicator. 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. Sincerly, Ashur 4, center of Gravity 4 thank you, Ashur, from entire Forex Strategies Team and our visitors for a great system! For buying: center of gravity line is pointing up buy when price goes down and touches either one of the two lower lines. If I forgot to add something, I will edit and put it up for sure. Once again I'd like to thank "Oan from m" for helping me, "Patrick Bourgeois" for the indicator, and all the people form m that helped edit and put together this system. Here the link to download the center of gravity indicator: Center of Gravity. The center of gravity indicator was created by Oan. I find the absolute best time to trade this system is 8AM-12PM Eastern Time.
When center of gravity line is pointing down, you only look to sell when price goes up and touches the two top lines. Thank you, Ashur, from entire Forex Strategies Team and our visitors for a great system! In the pictures Center of Gravity forex system in action. COG Centre Of Gravity Trading System. Share your opinion, can help everyone to understand the forex strategy. Center The Gravity Forex Trading Strategy -Center Of Gravity Indicator. Center of gravity line is pointing.
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