24# Parabolic Sar Trend Scalper Trading System
Parabolic Sar Indicator
Submit by Forexstrategiesresources
Parabolic Sar Trend Scalper is a forex scalping strategy based on the parabolic sar indicator, Ema indicator and MACD indicator.
Time frame:5min;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.002.5
1 Parabolic Sar indicator colored(0.01-0.01);
2 MCAD colored (64, 128, 9);
3 100 EMA.
Long Entry:
When the price is above the EMA 100, and PSar dot is up and MACD>0.
Short Entry:
When the price is above the EMA 100, and PSar dot is down MACD<0.
Stop Loss:place stop loss 3 pips below o above the first PSar dot.
Take Profit: Price objective 7-12 pips or better.
In the pictures below an example of the Parabolic Sar Trend Scalper Forex System in action.
Share your opinion, can help everyone to understand the forex strategy.
Parabolic scalping
Write a comment
Roger (Wednesday, 26 March 2014 02:13)
This trading system looks great, but I'm still a little confused with entry points. I understand only buy trades when the price is above the 100 EMA and only sell trades when price is below 100 EMA.
But have the following questions about entry points..
1/ Do I place a trade only when MacD crosses 0 confirmed by PSAR?
or
2/ Do I place a trade if MacD has Already moved beyond 0 and I get a new PSAR signal?
or
3/ Do I place a trade if MacD is already well beyond 0 and colour of MacD changes colour in direction of PSAR?
or
All of the above?
Also do you have the pabolic sar indicator showing the 2 colours as per your pictures.
Thanking in advance for this system and assistance.
din (Tuesday, 13 January 2015 11:00)
Looks great. Also same question as above. No reply?