Psychological Levels". Some times the market will not hit the target exactly so just to be safe put your take profit a few pips above. The center of gravity indicator was created by Oan. You will see its true value with a little bit of forward testing. If anyone has any questions feel free to ask. Edward Revy, m copyright Forex Strategies Revealed, scalping system #10 (Capture M30 direction -.00.30 strategy). I mainly trade eur/usd and sometime gbp/usd, but i'm starting to look into trading the gbp/jpy also - trade this system on a demo account until you are ready, don't rush into the market. 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.
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. To enter Long positions: vice versa short position rules, a few pointers: - try to stay away from Friday's and try to hold your self from trading NFP week.
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Short Entry, wait for the price to move above the TOP green line of the Center of Gravity indicator and the bar to close. Submitted by User on February 27, :35. 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 upwards you only enter long positions. If I forgot to add something, I will edit and put it up for sure. Note: This system does repaint, so backtesting is useless. The idea is based on Mostafa Belkhayate's system. to be honest with you i never used a stop loss i only closed the trade when the lines pointed against me, but i bet we can work something out for a stop loss in this site.
Forex strategies revealed center of gravity