hazelj80 wrote:the thing that is happening is when you wait for price to pass through the COG centerline is that it may be too late and it'll turn around on you more than go into profit.
for a buy, price should be below the center line and COG lines are pointing up while hitting the sweetspot and price should be ascending upward. get out at the next sweetspot above and then put a stop at the sweetspot below
for a sell, price should be above the center line and COG lines are pointing down while hitting the sweetspot and price is descending downward. get out at the next sweetspot below and then put a stop at the sweetspot above
this is basically how i told my friend to program it. there nothing else in this EA other than sweetspots and COG. and no second entries. we don't really need it i think.
thanks -
i am only using the cog lines - the center and 3 lines above and 3 lines below - it mimics the center of gravity 2 indicator - you can see my screen shots in a previous post
the-center-gravity-mt4-expert-advisor-t138-20.html#p866maybe that is what i should change and instead of only using the cog lines - i should figure how the sweet spot indicator works and have the trades open and close on them
from the pdf file that AsherEWT posted - it looks like that documents state that you should only take trades when the price is at the extreme outer cog lines - and that in combination with the Belkhayate time indicator showing readings at the extreme top and bottom
i will try a couple of different methods and see what happens