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Its sure been great for me pennies..if a person is patient enough you can run it through the tester and see how good it really is...you just have to save the template as tester then fire it up and walk away..takes quite a while for the COG to work right because its set at 1440..once history is complete tho you can trade your rear end off in the tester
I kinda wondered the same thing but thought I would continue into the new trading week since the candle thing is color coded for bull/bear and has open/high/low/close....time will tell on it ..the jurys still out on that decision.I still want to see reaction of price action and COG as price reaches the O/H/L/C areas.
Good deal...pennies theres a situation I feel bad for and thats I feel a bit like the kid that kept crying wolf because I have presented so many things that didnt seem to help others for whatever reason..so on this thing IMO the wolf is really there but no one may hear the call!...this thing is damned good and tho its designed for only M1 the pip count per cycle is often 30 pips or more...nothing shabby about that!!
On my COGs I always set the COG midline to a bold white line for easy reference...one other MA you see is a slope direction line line set to 80 periods..its the one that changes color as it goes bull or bear...may change that to a 50 but not sure yet
Heres link for Range_v2
http://www.forexfactory.com/showthread.php?t=127704
The last 2 things on the chart are the Custom Candle thing you found set at 240 and a Range_v2 also set at 240..will find you the link for Range_v2
Not sure if semafor is default or if I changed it since I've used it so long..heres the list on params I have
5.0
13.0
34.0
1.3
8.5
13.8
140
141
142
If youre interested in playing around with my setup then you will be busy for a while with info I posted so need to get outside for a while but will check back from time to time during the day
The big 3s you asked about is a zigzag tool..its in all my charts..its caled a 3_Level_ZZ_Semafor and heres a link for one
https://www.mql5.com/en/code/7730
Had forgotten..but the new COG is found on same site as COGSTOCH
Heres the link for COG/STOCH
https://www.mql5.com/en/code/10548
On main chart my COG is a better COG than first one we used but tracks identical to first one..if you dont have it I will find link..it sets prices on end of COG lines.
parameters are
1440
3
0
2.0
1.5
params for COGSTOCH are
1440
34
3
3
5
1
1.0
1.5
Since youre here I'll give details in a minute..first the SUPDEM is set at M5 but some times I change around on that depending on swings and volatility...th COG on bottom is an indie..will find you the link..its a COG/STOCH..so the red/green is a stochastic..will give params for all when I post link for the indie
Howdy pennies...heres my setup now...very minor tweaks but its been really good to me...and yep..still leaning heavy on center of gravity...think everyone got scared off of it because of so called repainting...."repainting" is simply the nature of a dynamic indicator and dynamic is my preference over static...anyway I have everything set up to trade only an M1 chart and its been really good...made 182 pips friday trading A/U..N/U and N/JPY...this week I may set up 2 or maybe even 4 pairs to watch on MT4 using this setup so I might have a better chance to be in a trade at all times...thinking about adding EUR/JPY to the mix but havent decided yet..BTW I have COG set up at 1440 so the COG is actually responding to a 24 hour TF even tho chart is only M1...anyway heres an A/U M1 chart
Howdy stargate...truth of the matter is that Obama is so rotten as a president that he makes Hillary look GOOD!!...aint that a helluva note(LOL)
Unfortunately they decided to lie again pennies..last NFP came in at a dismal 126k...they expected 240k this time but 223k was reported...not too bad...the worst BS is that unemployment dropped to 5.4%!!...that's insane ..our truthful unemployment rate is probably 25% or worse!!
Congrats pennies...much as I hate to do it I'm all cash now going into NFP and unemployment numbers data..if they report the truth then long on risk pairs might be great but if they put out the lies theyre so prone to do then then methinks having no open trade is the smartest!
LMAO...you got it figured just right pennies....everythings great and they'll soon raise rates to 18% just to get control of this runaway ..explosive economic growth!(LOL)I wouldn't be surprised if NFP to be reported Friday comes in a million new jobs added...theyre full of little magic tricks you know!
Grabbed 19 pips on N/U long due to horrid ADP payroll report...last was 189k...forecast was 215k but came in at a dismal 169k...nice economic recovery huh?(LOL)
Yes Sirrie..mainly M1 but sometimes look at the M5 for long term stuff(LOL)..this COG stuff has really been a blessing for me since I dont have to work overtime trying to figure out whats next..I'm mainly a price action trader so I've always been able to sort of make do with pretty well any chart setup but this thing is so good I saved it under three different template names for fear I might lose it somehow in all my tweaking.cant help but tweak..its in my nature but dont want to tweak myself out of a good thing!
Howdy jav..I watched grass grow on FOREX yesterday but today I cut a truckload of hay so aint complaining(LOL)
Well guys am I the only one trading today?..mighty quiet in here today....unemployment numbers due on N/U in a couple of hours..wonder if its gonna change the landscape any
Mighty good day today pennies...far cry from yesterday..did well overnight too so got a head start1
My guess on A/U is that even tho consensus seems to think they'll drop to 2% I think its unwarrented and they will stand pat at 2.25%...just a guessing game and I certainly dont trade on guesswork of coming news.I'm flat at the moment after a fairly good day in spite of no liquidity...been scalping N/U both directions on M1 and managed some fairly good gains under those conditions.
Yep ...disgusting aint it pennies..its like the US doesn't know theres still banks open over here...sheesh!!
Ok I'll take a look
Got me beat by a long shot pennies...closed a long on N/U a few minutes ago for 31 pips....but that's all for the day so far
I guess we knows who pulls the purse strings..London's on a bank holiday and this session is boring!!
Well jav...were you successful in your piscatorial endeavors?IOW did ya catch any fish?(LOL)...got a final stopping point on my COG chart setup to start the trading week with and will post an M1 N/USD to show you the final tweaks...COG params are .
1050 periods
m value is now 3
i still 0
deviation is 1
sName is 500
The m value cotrols how responsive COG is to price action BTW
Below is a brooky indie thats a COG/Stochastics overlay using sto at 34,3,3
Doesn't seem to matter about the pairs jav...works werv nicely for me on all I've played with...if you use COG 1050 use 1.5 deviations..if using COG 1440 then change to 1 deviation
Next week I may work with COG 1440...that's a full 24 hr sampling period...might be better but not sure yet if its gonna beat the 1050 I'm now using.
Yep the sampling period is the main key...tho I'm only using M1 chart that's actually a sampling that began 17.5 hours before current time... 1050/60 equals 17.5 hours...that's been pretty reliable for me
The COG is my best weapon now for sure...I have it now set at 1050 periods and 1.5 deviations and scalping M1 chart...scalping both long and short BTW...but as I said..its not for everybody.
Whew boy pennies..I have been having a mahhvelous day today(LOL)....this setup using the COG has been super and believe it or not I'm trading M1 charts with the most confidence I've ever had...seems you guys don't share my enthusiasm for it but some stuff just doesnt tickle everyones fancy I guess.
Mighty strange reaction to US data...both items came in same as last reporting but slightly below concensus..I know charts on risk pairs look like a beating might be coming but this reaction to news makes about as much sense as is normal in FOREX...NONsense(LOL)
Well they've got me only scalping today..N/U is trapped nicely between a 38.2 and 50% fib level so I'm just rockin back and forth with it..hope I'm on right side when it breaks out tho(LOL)
Will sure be glad when jobless claims data hits...so far this is a boring session for me...I'm ready to boogie some!!
Well its really good to hear from you stargate...with respect to the pairs I make no guesses or predictions but simplt trade em where theyre at..been scalping less lately and trading more..my pip count is up but amt of trades is less than ever..I no longer just grab the low hanging fruit but let my charts guide my trigger finger for good trades.
Hey pennies..the RBA thing can bring startling spikes sometimes no matter what the decision..I have my popcorn and coke to see if its going to put on a show(LOL)
Hey stargate!!hows it going on your side of the planet?Been missing your melodious "voice"(LOL)
GM estimator...I fully agree with all you said...any time a trader has a chart setup that's working well for him it should not be changed for something new until the new ideas are well tested either in strategy tester or on demo...one should NEVER use a new toy with a live acct until the new look is well tested and proved to be a better setup.The COG I brought to the board has been really good for me but it seems obvious that its either misunderstood or being used as a silver bullet or some magic indie that cannot fail.I have mine now at 400 periods and 1.5 deviations and it performs very well for me across TFs...but no indicator combination is good unless good trading methods and good disciplines are not used.When price action reaches limits on COG I DO NOT enter a trade...when price action hits a key fib level I DO NOT enter a trade...same can be said at ANY key S/R level...I allow all MAs to get close to price action..I let consolidation take place...I let initial reversal move play itself out...I never try to enter guessing a bottom or a top.I only enter when I have allowed all criteria to prove to me as best I can tell that I have a valid reason to enter the trade.If its a wrong call I have exhausted all my resources trying to be sure its was right so I check my journal later to see if I had a valid reason to take that trade and if so what went wrong..news releases are usually the cause if all criteria was met.By trading with these disciplines I still can get in a losing trade but seldom find its an unmanageable trade.
We all have to break the habit of thinking we must always be in a trade..overtrading leads to losses..good trades don't come along every 5 minutes..they need to be planned trades based on everything lining up then you fire the shot.Exits are easy because your smart exit is take profits at key fib levels with at least part of a position if not all...then after consolidation decide to either close all or renter based on what chart(NOT PRICE) is telling you.
This has turned into a mini novel so I will stop and catch my breath(LOL)