I am trying to put together a system based on center of gravity, bobokus fibo pivot points, candlesticks and macd indicators. The settings are optimized to trade on a weekly basis using the 4hr timeframe (my favorite) for entry and exits. The system layout is as follows:
D1=Trend/H4=Entry&Exit
D1/H4-WK1 BobokusFibo_v2
D1/H4-Candlestick
D1/H4-Center of Gravity Barsback=30/m=2/i=1/kstd=.5
D1/H4-CoG 30/2/1/1
D1/H4-CoG 30/2/1/1.5
D1/H4-CoG 30/2/1/2
D1/H4-MACD 3/6/3
D1/H4-MACD 6/12/6
Only 0,3,4 in colors section for CoG
Trend
D1-Up/down candlestick close above/below the long/short Bobokus level=Signal1
D1-Up/down candlestick close above/below center of gravity median=Signal2
D1-Cog channel pointing in same direction of first 2 signals=Signal3
D1-Both MACD showing convergence/divergence in same direction as first 3 signals=Signal4
Entry
H4-Up/down candlestick close above/below the long/short Bobokus level=Signal1
H4-Up/down candlestick close above/below center of gravity median=Signal2
H4-Cog channel pointing in same direction of first 2 signals=Signal3
H4-Both MACD showing convergence/divergence in same direction as first 3 signals=Signal4
Exit (2 stop/trailstop options)
1.
H4-A1/Kstd 2 level stop
H4-B2/Kstd 2 level trail stop (optional)
H4-C3/Weekly long/short target 4 level limit
2.
H4-D/Intraweek lo/hi level stop (move once per week if neccesary)
H4-E/Weekly long/short target 2 level trail stop (optional)
H4-F/Weekly long/short target 4 level limit
2/1 risk reward
H4-Open trade at close of up/down candlestick (pending order if neccessary)
Use your own risk management
Here is a couple pictures
D1
H4
This is a work in progress. Not sure if it works consistently. Feel free to try it out. Any comments would be awesome. Thanks for your time
D1=Trend/H4=Entry&Exit
D1/H4-WK1 BobokusFibo_v2
D1/H4-Candlestick
D1/H4-Center of Gravity Barsback=30/m=2/i=1/kstd=.5
D1/H4-CoG 30/2/1/1
D1/H4-CoG 30/2/1/1.5
D1/H4-CoG 30/2/1/2
D1/H4-MACD 3/6/3
D1/H4-MACD 6/12/6
Only 0,3,4 in colors section for CoG
Trend
D1-Up/down candlestick close above/below the long/short Bobokus level=Signal1
D1-Up/down candlestick close above/below center of gravity median=Signal2
D1-Cog channel pointing in same direction of first 2 signals=Signal3
D1-Both MACD showing convergence/divergence in same direction as first 3 signals=Signal4
Entry
H4-Up/down candlestick close above/below the long/short Bobokus level=Signal1
H4-Up/down candlestick close above/below center of gravity median=Signal2
H4-Cog channel pointing in same direction of first 2 signals=Signal3
H4-Both MACD showing convergence/divergence in same direction as first 3 signals=Signal4
Exit (2 stop/trailstop options)
1.
H4-A1/Kstd 2 level stop
H4-B2/Kstd 2 level trail stop (optional)
H4-C3/Weekly long/short target 4 level limit
2.
H4-D/Intraweek lo/hi level stop (move once per week if neccesary)
H4-E/Weekly long/short target 2 level trail stop (optional)
H4-F/Weekly long/short target 4 level limit
2/1 risk reward
H4-Open trade at close of up/down candlestick (pending order if neccessary)
Use your own risk management
Here is a couple pictures
D1
H4
This is a work in progress. Not sure if it works consistently. Feel free to try it out. Any comments would be awesome. Thanks for your time