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Center Of Gravity Forex Scalping Strategy
This system is quiet easy to comprehend. If you will follow the rules strictly then a good chance of good trades will happen. A very good timeframe for scalping is 5 minutes. Use this to major currency pairs and with with with tight spreads.
Forex Indicators:
- Center of Gravity (190 bars back);
- Stochastic High (5, 3,3)
Long Entry:
- The price must break lower line gold.
- Stochastic must go up from oversold area.
Short Entry:
- The price must break upper line gold.
- Stochastic must go down from overbought.
Exit Position:
Take Profit at the blue line of the first green line.
Put stop loss 5 pips below or above the gold line.
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