105# Bollinger Bands and Parabolic SAR Trading System

Parabolic Sar reversal trend forex system

Submit by Xavier 18/08/2013

Time Frame:any

Currrency pairs:any

This trading system is based on the Parabolic Sar and Bollinger bands and it'is a reversal trend forex system.

Trading Rules:Bollinger Bands and Parabolic SAR Trading System .

Buy

1. Look for the currency pair to hit or come very close to hitting the upper Bollinger.

2. Wait for the next candle to Make sure it is a black candle which indicates

bearishness. RSI and CCI should go DOWN (Optional)

Stockhastic should be at top. Parabolic Sar should preferably be above Price. If so,

go short at the open of the third candle. Exit when it reaches the lower Bollinger

3. (Setting Exit 4H Time Frame) The initial stop is placed at the first candle's low OR 100 Pips below the buy entry price whichever is lower.

Sell

1. Look for the currency pair to hit or come very close to hitting the upper Bollinger.

2. Wait for the next candle to Make sure it is a black candle which indicates

bearishness. RSI and CCI should go DOWN (Optional)

Stockhastic should be at top. Parabolic Sar should preferably be above Price. If so,

go short at the open of the third candle. Exit when it reaches the lower Bollinger

3. (Setting Exit 4H Time Frame) The initial stop is placed at the first candle's high or 100 Pips above your sell price entry whichever is higher.

In the pictures below Bollinger Bands and Parabolic SAR Trading System in action.

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