Charlie,
The settings I use work on all time frames from 5min to daily. Do not read anything into the slope. I do not do any scaling in or out of positions, for me it just complicates the system too much, but with that said there is no reason you can't or shouldn't.
The settings I use work on all time frames from 5min to daily. Do not read anything into the slope. I do not do any scaling in or out of positions, for me it just complicates the system too much, but with that said there is no reason you can't or shouldn't.
DislikedThanks for sharing your method. I am interested in learning more about the use of COG. I have a few questions about COG and your method.
You stated that a candle must close below the green line for a long position and above the green line for a short position. Are you concerned where your ENTRY actually takes place?
Are you concerned about the slope of the COG lines?
Do you take partial profits along the way (possibly using COG lines for that) and move stop loss as trade progresses?
Are the COG parameters you shared for all time frames or just H1?
Thanks again
CharlieIgnored