93# Profit Trade Catcher Trading Strategy

Submit by Dimitri 2024

Overview

Profit Trade Catcher Trading Strategy follows market trends using three key indicators: the Center of Gravity (COG), MACD, and a 7-period Exponential Moving Average (EMA). It identifies trades based on price testing support/resistance and uses clear entry and exit rules.

Key Parameters

• Time Frames: 15-minute (M15) and 1-hour (H1).

• Indicators:

  • COG (Center of Gravity): Identifies support and resistance levels.

  • MACD: A momentum indicator with two lines: Blue (faster) and Orange (slower).

  • 7 EMA (Red Line): Added for trend confirmation.

Currency pairs:Volatile.

Trading Rules

Buy Rules (Long Trades)

1. Step 1: Market Setup

   • The market is in a downward trend.

   • Price tests the lower COG channel line.

2. Step 2: Confirmation

   • The 7 EMA crosses above or is already above the middle COG line.

   • The MACD Blue line crosses above the Orange line.

3. Step 3: Entry

   • Enter a Buy trade when the MACD crossover occurs.

   • For a more conservative entry, wait for the candle to close.

4. Stop Loss and Take Profit

   • Stop Loss: A few pips below the recent low.

   • Take Profit: 1.5 times the distance from entry to stop loss.

Sell Rules (Short Trades)

1. Step 1: Market Setup

   • The market is in an upward trend.

   • Price tests the upper COG channel line.

2. Step 2: Confirmation

   • The 7 EMA crosses below or is already below the middle COG line.

   • The MACD Orange line crosses above the Blue line.

3. Step 3: Entry

   • Enter a Sell trade when the MACD crossover occurs.

   • For a more conservative entry, wait for the candle to close.

4. Stop Loss and Take Profit

   • Stop Loss: A few pips above the recent high.

   • Take Profit: 1.5 times the distance from entry to stop loss.