Parabolic Sar Trend Scalper Trading System

Parabolic Sar Indicator

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 Indicators: 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.

Parabolic Sar Trend Scalper

Share your opinion, can help everyone to understand the forex strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window