100# Parabolic Sar Forex Trading System
Parabolic Sar with momentum indicators
Submit by Willy 13/06/2013
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 the pictures Parabolic Sar forex system in action.
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