Forex EMAS PSAR Trend Following Strategy
Forex EMAS PSAR Trend Following Strategy;
THE CHART SETUP:
1. Simple Moving Average SMA (32) (applied to high) and a simple moving average SMA (32) (applied to Low) – form a channel on the chart moving averages.
2. Trend indicator Parabolic SAR (step 0.02, maximum 0.2)
- Two simple moving average SMA (100) and SMA (200), applied to a Close – Additional indicators (recommended for use, but not required)4 Time frame 15,30, 60, Minutes.
5 Pairs: all
Long Entry Position:
Price must close above the average SMA (32) High – ie above the moving average formed channel.
- Price is above the moving average 100/200 SMA – recommended operating conditions, but not mandatory.
- Closing price of the bar should be higher than the opening price of the bar
- Price must “penetrate” Parabolic SAR from the bottom up.
Short Entry position:
rice must close belowe the average SMA (32) Low- below the moving average formed channel.
- Price is above the moving average 100/200 SMA – recommended operating conditions, but not mandatory.
- Closing price of the bar should be lower than the opening price of the bar
- Price must “penetrate” Parabolic SAR from the top down.
Stop-loss :
for buy immediately after the transaction is placed under the closest fractal (local minimum) below the average SMA (32) Low –
for sell. Or above the nearest of a fractal (local maximum) above the average SMA (1932) High –
Take profit:1)10 pips time frame 15 minutes, 13 pips time frame 30 minutes, 18 pips 60 minutes(recommended); 2) we move every time after the appearance of a new point indicator Parabolic SAR. This you can do at the opening of each new candle or use for thistrailing stop, which will make it for you automatically.3)when the price returns within the channel.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex EMAS PSAR Trend Following Strategy?
- Download Forex EMAS PSAR Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex EMAS PSAR Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
