Hi folks
I am currently trying out something on M5 and higher timeframes while doing my other stuff.
Its a very simple Center of gravity strategy. I provide settings for E/U 5M which works pretty well, but its not finetuned to that pair. The idea is if Both RSI are close at or above upper line while price is at least outside of green upper area of COG, preferably at orange line in the COG, you sell and. When price is below or at lower RSI line while price is at least at or lower green line of COG or preferably at orange line, you buy. All this as indicated in picture. This strategy is not complete, i dont see the use of presenting something complete when the idea here is colaboration.
TP should be at the blue line or something like that, or before that if there is a price spike towards youre TP. SL should be maybe slightly larger then TP. So for M5 daytime TP could be around 15 pips and SL around 20 pips. Its pretty easy to calculate TP/SL for other timeframes when you look at the COG. For contertrading in breakouts the TP needs to be lowered to say 11-13 maybe, and SL can be adjusted accordingly.
I use this on a couple of other pairs like E/G, U/C, G/U, still on demo though cause i havent got the finetuning done yet, but its coming along. The only thing i changed for other pairs is limits of the RSI 5, so that it comes to the line at the same time as the RSI 14.
So what im working on now with this strategy is these things:
Having a look at timeframes other then M5 when i can find the time. It would seem the RSI 5 needs tuning when switching to M15, M30 and so on.
Tuning the RSIs so the hit the lines at the same time.
Trying out other RSIs, CCIs or whatever to keep this strategy out of bad trades, and trades there will be, id say 3-5 nice setups a day, if you arent a daredevil and place trades simultaneously on many pairs, which is a very risky affair (since they are all connected, if one deal fails, there is around a 50-80% chance a simultaneously placed one will also fail.)
Having a look at USD/CAD, i find this pair very interesting. I placed a couple of nice deals earlier this summer on this pair an i found that it has nice, calm waves sweeping through it, interesting for M5-M30 trading (id never go as slow as H1, i dont feel comfortable staring at my money pouring away and i cant sleep more then 3 hours with open trades).
So im thinking we all help out to make this 0.2 strategy profitable if you think it could be done.
Remember folks, the COG is youre friend, and like all friends, they are never 100% reliable even if they have never betrayed you (and no friend is all knowing either).
Homage to Endroute for showing me the fine art of the COG, Homage to Hoss and Forexcube for the fine art of staring at RSIs all day long.
JB COG does not repaint.
EDIT: cant upload anymore files (max7) so i cant give you a look at this thing with COG that does not repaint.
I am currently trying out something on M5 and higher timeframes while doing my other stuff.
Its a very simple Center of gravity strategy. I provide settings for E/U 5M which works pretty well, but its not finetuned to that pair. The idea is if Both RSI are close at or above upper line while price is at least outside of green upper area of COG, preferably at orange line in the COG, you sell and. When price is below or at lower RSI line while price is at least at or lower green line of COG or preferably at orange line, you buy. All this as indicated in picture. This strategy is not complete, i dont see the use of presenting something complete when the idea here is colaboration.
TP should be at the blue line or something like that, or before that if there is a price spike towards youre TP. SL should be maybe slightly larger then TP. So for M5 daytime TP could be around 15 pips and SL around 20 pips. Its pretty easy to calculate TP/SL for other timeframes when you look at the COG. For contertrading in breakouts the TP needs to be lowered to say 11-13 maybe, and SL can be adjusted accordingly.
I use this on a couple of other pairs like E/G, U/C, G/U, still on demo though cause i havent got the finetuning done yet, but its coming along. The only thing i changed for other pairs is limits of the RSI 5, so that it comes to the line at the same time as the RSI 14.
So what im working on now with this strategy is these things:
Having a look at timeframes other then M5 when i can find the time. It would seem the RSI 5 needs tuning when switching to M15, M30 and so on.
Tuning the RSIs so the hit the lines at the same time.
Trying out other RSIs, CCIs or whatever to keep this strategy out of bad trades, and trades there will be, id say 3-5 nice setups a day, if you arent a daredevil and place trades simultaneously on many pairs, which is a very risky affair (since they are all connected, if one deal fails, there is around a 50-80% chance a simultaneously placed one will also fail.)
Having a look at USD/CAD, i find this pair very interesting. I placed a couple of nice deals earlier this summer on this pair an i found that it has nice, calm waves sweeping through it, interesting for M5-M30 trading (id never go as slow as H1, i dont feel comfortable staring at my money pouring away and i cant sleep more then 3 hours with open trades).
So im thinking we all help out to make this 0.2 strategy profitable if you think it could be done.
Remember folks, the COG is youre friend, and like all friends, they are never 100% reliable even if they have never betrayed you (and no friend is all knowing either).
Homage to Endroute for showing me the fine art of the COG, Homage to Hoss and Forexcube for the fine art of staring at RSIs all day long.
JB COG does not repaint.
EDIT: cant upload anymore files (max7) so i cant give you a look at this thing with COG that does not repaint.
Attached Image (click to enlarge)
Attached File(s)
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