Introduction to the FX COG Master System
The FX COG Master System is a custom forex trading strategy based on Center of Gravity indicators.
In fact, that forex strategy is pretty simple as it consists of only two indicators.
When you load up the FX COG Master System, you will see price bands directly on the activity chart, and the histogram placed just under.
This system fits all kinds of timeframes and currency pairs.
How does it work? How to apply in trading?
Trading Rules Explanation
Entry point for long trade occurs when the following conditions are met:
- Channel is pointing upwards;
- Price hits the lower band;
- Histogram provides oversold values;
- Triggering candle crosses below the 9-period Simple Moving Average
Entry point for short trade occurs when the following conditions are met:
- Channel is pointing downwards;
- Price hits the upper band;
- Histogram provides overbought values;
- Triggering candle crosses above the 9-period Simple Moving Average
Exit Trade / Take Profit
Exit trade when the opposite signal appears, or use your own method of trade exit.
As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.
How to set up the FX COG Master System in MT4?
- FX COG Master System.tpl
Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Similarly, copy and paste the template file to the Templates folder.
Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.
The FX COG Master System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.
FX COG Master System Free Download
To download the FX COG Master System for Metatrader 4 (MT4) for free just click the button below: