803# New FX COG Master System
H MACD COG MASTER
Reversal Trend System: Daily FX Strategy.
Submit by Timmy
New FX COG Master System is is a reinterpretation of the classic FX Cog Master to make it clearer and more accessible with the addition of 3 level zz semafor, Hull moving average and stochastic oscillator. The main feature of this system is to look for market extremes with a non-forecast descriptive polynomial curve. How does the system work?
When the price reaches one end of the curve or breaks it and at the same time FXCOG H has reached the corresponding zone of overbought or oversold, the trading system warns us that the market has reached an extreme, so it is ready for a turnaround or a correction of the trend.
Time Frame 15 min or higher.
Best time frame daily. Because the techniques based on the polynomial and on the regressive polynomial were born to be applied to the daily time frame, they are often increasing the risks applied even at high time frames, but according to my experience they work and can be easily verified at the daily time frame.
Currency pairs:any.
Metatrader 4 Indicators
FX Cog Master (200, 2, 2.0). This setting is to be used even at a different time frame than the daily, for the daily time frame it is conservative and it can go down to 160 periods.
3 level zz semafor (default setting.
Hull Moving Average 14 period.
FX Cog Master H (9, 200, 2, 2.0).
Stochastic Oscillator (10, 5, 5, close).
Trading Rules New FX COG Master System
Buy
When the price reaches the upper band or breaks it and at the same time FXCOG H has reached the corresponding zone of oversold , the trading system warns us that the market has reached an extreme low zone.
So you go buy when it's sunny, HMA blue color, stochastic oscillator crosses upwards and FXCOG H below +31 or HMA (14).
Place initial stop loss below the last swing low. Profit target ratio stop loss from 1:1 at 1.1,2.
Sell
When the price reaches the lover band or breaks it and at the same time FXCOG H has reached the corresponding zone of overbought , the trading system warns us that the market has reached an extreme high zone.
So you go buy when it's sunny, HMA red color, stochastic oscillator crosses downwards and FXCOG H above -31 or HMA (14).
Place initial stop loss below the last swing high. Profit target ratio stop loss from 1:1 at 1.1,2.
In the pictures New FX COG Master System in action.
Share your opinion.
