Forex Parabolic Sar Trading Strategy
Forex Parabolic Sar Trading Strategy:
This is an Trend Momentum Trading system.
Time Frame: daily.
Markets: Forex.
Indicators:
– Parabolic SAR indicator (PSAR, 0.03, 0.2);
– AC (Accelerator Oscillator);
– AO (Awesome Oscillator);
– Stochastic indicator (5,3,3).
Parabolic Sar and Awesome are a Trend indicators.
Accelerator oscillator and Stochastic indicator are momentum indicators.
Parabolic Sar Trading System: Rules
Short Entry:
When you see the Parabolic Sar Indicator dot above the candle, and the Awsome oscillator (AO )is red, and the Accelerator oscillator (AC) is red, and Stochastic are crossing down but do not enter if the stochastic lines are already in oversold territory , then enter short. Only enter at the close of the candle.
Long:
When you see the Parabolic SAR Indicator dot below the candle, and the AO is green, and the AC is green, and Stochastic indicator are crossing up do not enter if the stochastic indicator lines are already in the overbought territory , then enter long. Only enter at the close of the candle.
Exit Position options:
When Parabolic Sar indicator changes direction;
With Profit Target Predetermined 150-170 pips depends by Currency Pairs.
Place Stop Loss is at the previous high/low of the candle (i.e. day’s high if going short, and day’s low if going long) . Below examples of the exit positions options.
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 Parabolic Sar Trading Strategy?
- Download Forex Parabolic Sar Trading 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 Parabolic Sar Trading 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”.
