CoG + Ultra Trend System - MT4/MT5 Resources
Hey guys,
I have been experimenting with CoG and applied an oscillator called "Ultra Trend" which is part of a robot forex trading system. Anyone is free to try this setup, I have found that the inside crossovers (crosses around 15) represent potential trend changes. If you enter directly after a crossover, returns from these crossovers will often be over 100 pips.
The only issue I have with this system is receiving alerts when an actual crossover occurs. The indicator is compiled so it cannot be modified to give an alert/popup when a crossover occurs. This is a bit unfortunate, if anyone could have a modified version of this indicator that allows for audible alerts/email alerts I would be grateful.
The transaction logic is as follows:
I typically look for trades in the direction of the major "CoG Moving Average" which is the 240 period (CoG Period) exponential moving average. This provides high probability trading opportunities when supertrends cross over. Therefore, the blue line crosses downward, with price below the CoG "trend", indicating a sell; and the blue line crosses upward, with price above the CoG "trend" for a long position.
However, you can hold a position regardless of the CoG trend and trade in the cross direction. I have trouble with this because extreme trends are likely to recross in the opposite direction shortly after.
CoG is useful for filtering out bad crosses. In fact, there are many opportunities where crossing out of sync with the CoG MA is profitable. When such an event occurs, the price's position in the CoG channel is displayed. Contrary to the CoG MA, buy when price is at least below the solid black equilibrium line, or below the green and red bands/zones. The opposite is true for selling opportunities.
I have been using this system on 15 minute charts, but it can be extended to longer time frames with similar results.
I'd really like to try and at least develop an alert method for supertrend crossovers and maybe fully automate the system with someone's help.
I've marked the entry and exit points on the diagram. What I usually do is enter at an intersection and wait to make sure it doesn't "double cross" in the opposite direction. Then, if it meets this condition, I hold on until it reaches the "22" line (for longs) or the "8" line (for shorts). If the line jumps down and rebounds above this line, I liquidate the position, if not, I hold on until it hits the "30" line (for longs) or the "2" line (for shorts), breaking this line again will also liquidate the position.
You can also try to cross certain levels, such as when the line breaks above the 8 line, buy.
I have been experimenting with CoG and applied an oscillator called "Ultra Trend" which is part of a robot forex trading system. Anyone is free to try this setup, I have found that the inside crossovers (crosses around 15) represent potential trend changes. If you enter directly after a crossover, returns from these crossovers will often be over 100 pips.
The only issue I have with this system is receiving alerts when an actual crossover occurs. The indicator is compiled so it cannot be modified to give an alert/popup when a crossover occurs. This is a bit unfortunate, if anyone could have a modified version of this indicator that allows for audible alerts/email alerts I would be grateful.
The transaction logic is as follows:
I typically look for trades in the direction of the major "CoG Moving Average" which is the 240 period (CoG Period) exponential moving average. This provides high probability trading opportunities when supertrends cross over. Therefore, the blue line crosses downward, with price below the CoG "trend", indicating a sell; and the blue line crosses upward, with price above the CoG "trend" for a long position.
However, you can hold a position regardless of the CoG trend and trade in the cross direction. I have trouble with this because extreme trends are likely to recross in the opposite direction shortly after.
CoG is useful for filtering out bad crosses. In fact, there are many opportunities where crossing out of sync with the CoG MA is profitable. When such an event occurs, the price's position in the CoG channel is displayed. Contrary to the CoG MA, buy when price is at least below the solid black equilibrium line, or below the green and red bands/zones. The opposite is true for selling opportunities.
I have been using this system on 15 minute charts, but it can be extended to longer time frames with similar results.
I'd really like to try and at least develop an alert method for supertrend crossovers and maybe fully automate the system with someone's help.
I've marked the entry and exit points on the diagram. What I usually do is enter at an intersection and wait to make sure it doesn't "double cross" in the opposite direction. Then, if it meets this condition, I hold on until it reaches the "22" line (for longs) or the "8" line (for shorts). If the line jumps down and rebounds above this line, I liquidate the position, if not, I hold on until it hits the "30" line (for longs) or the "2" line (for shorts), breaking this line again will also liquidate the position.
You can also try to cross certain levels, such as when the line breaks above the 8 line, buy.
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