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184# 5 min Scalping with Parabolic SAR and MACD

Parabolic Sar and MACD Forex Strategy

Submit by Ozzy Trader 03/02/2012

 

Time frame: 5 Min

Currency Pair: majors

Forex Indicators used / Settings:

 

 

Entry Rules:

Long Entry:

The Parabolic SAR will give you the direction. Therefore you wait for the Parabolic SAR to be below the price. When you see the candlestick bar close above the moving average andThe MACD histogram is above the 0 line, this is an indication to spread bet long. You could be spread betting in the evening this trading strategy as the GBPUSD gives you enough movement also in the evening

Short Entry:

Going short is the opposite, wait for the Parabolic SAR to be above the price. When you see the candlestick bar close below the moving average and The MACD histogram is below the 0 line, this is an indication to spread bet long. You could be spread betting in the evening thistrading strategy as the GBPUSD gives you enough movement also in the evening

 

Exit Rules:

Stop Loss: 12 pips-10pips

Target: 10 pips GBP/USD, 8 Pips EUR/USD, 6 pips AUD/USD




 

In the pictures 5 min Scalping with Parabolic SAR and MACD in action.

 

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Comments: 4
  • #1

    DayTradeBen (Wednesday, 15 January 2014 23:38)

    Thanks for this great system! To whipe out more false trades, i only make a move once MACD value AND signal are above or below zero. Works really great the whole day long :-)

  • #2

    John Matrak (Friday, 23 October 2015 14:19)

    Hi BenTradeBen,
    What do you mean?
    You mean that the MACD line and the histogram are above or below the zero line at te same time?
    If that is what you mean, than I understand.
    Makes sense because when MACD line is above or below the zero line than that means that the market is bullish or bearish.

  • #3

    John Matrak (Friday, 23 October 2015 14:27)

    As to PSAR:
    your mean STEP 0,1 and MAX 0,11?
    so to be on the safe side, not the other way around?
    I mean not STEP 0,11 and MAX 0,1?

  • #4

    Anon (Tuesday, 16 August 2016 15:06)

    post the indicators and templates files

5 min Forex Strategies