FX COG Master System
Platform: Trading Systems Last update: August 16, 2024The 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.
How to trade with this fx cog master system?
Trading Rules Explanation
Buy Entry
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
Sell Entry
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.
