216# Pin Bar with SAR
Price action trend following
Pin Bar filtered by Parabolic Sar
Submit by Timmy 2017
Pin Bar with SAR is a price action trend following trading system. The main feature of this strategy is that Pin Bar is filtered by Parabolic Sar. This strategy is for scalping or for binary options high/low.
You can apply this template a more currency and more time frame.
Expiry time 1 or 2 candles.
This system is very simple.
Time frame 1 min or higher.
Currency pairs: any.
Parabolic Sar (0.005 – 0.5).
Trading rules Pin Bar with SAR
Trading only in the direction of the trend.
Parabolic SAR dot below the price the trend is up.
Parabolic Sar dot above the price the trend is down.
Buy or Call
Parabolic SAR dot below the price.
Pin Bar buy arrow,
Entry at the break of the high of the Pin bar.
Sell or Put
Parabolic SAR dot above the price.
Pin Bar sell arrow,
Entry at the break of the low of the Pin bar.
Place initial stop loss below/above the low/high of the Pin Bar.
Profit target ratio 1.0 stop loss or less.
In the pictures Pin Bar with SAR in action.
Share your opinion, can help everyone to understand the forex strategy.