COG MASTER SYSTEM
Summary:
Buy Trade Rules
Steps to Place a Buy Trade:
1. Higher Time Frame Confirmation (H4):
- Ensure the FxCOGMaster H Histogram and Yellow SMA line close below the Oversold line.
- Confirm that the price is at or near the lower Green FxCOGMaster channel line.
2. Lower Time Frame Confirmation (H1):
- Wait for the FxCOGMaster H Histogram to close above the Yellow SMA Signal line.
- Ensure the price closes above the 9 SMA on the price chart.
3. Trade Execution:
- Enter a Buy trade at the open of the next candle after the above conditions are met.
4. Risk Management:
- Set your Stop Loss below the most recent swing low on the lower timeframe (H1).
- Set your Take Profit at the same distance away from the entry level as the stop loss (1:1 risk/reward ratio), or exit the trade manually when the price touches the Blue middle FxCOGMaster line or the upper Green FxCOGMaster line.
Sell Trade Rules
Steps to Place a Sell Trade:
1. Higher Time Frame Confirmation (H4):
- Ensure the FxCOGMaster H Histogram and Yellow SMA signal line close above the Overbought line.
- Confirm that the price is at or near the upper Green FxCOGMaster channel line.
2. Lower Time Frame Confirmation (H1):
- Wait for the FxCOGMaster H Histogram to close below the Yellow SMA Signal line.
- Ensure the price closes below the 9 SMA on the price chart.
3. Trade Execution:
- Enter a Sell trade at the open of the next candle after the above conditions are met.
4. Risk Management:
- Set your Stop Loss above the most recent swing high on the lower timeframe (H1).
- Set your Take Profit at the same distance away from the entry level as the stop loss (1:1 risk/reward ratio), or exit the trade manually when the price touches the Blue middle FxCOGMaster line or the lower Green FxCOGMaster line.
Follow these rules meticulously to enhance your trading strategy and ensure disciplined, profitable trades.