835# Parabolic Sar with RSX
Polynomial Regression with Support and Resistance as filter
Advanced Parabolic Sar as timing
Sumbit by Janus Trader
Parabolic Sar with RSX Forex System is a profitable trading system that makes excellent predictions on the currency market. The direction of the market is given by the action of the price on support and resistance levels
The timing indicator is given by a new version of the Parabolic Sar the configuration of the Sar is slow but deliberately to try to follow the position and have fewer but more profitable signals.
I introduced polynomial regression as an overbought and oversold filter.
The system can also be used for high / low binary options, but in this case the PSAR setting must be changed. The heart of the system is the superposition of static levels of support and resistance with dynamic levels of polynomial regression. in my opinion this trick improves timing accuracy.
The purpose of this filter system is to eliminate the greatest number of side signals.
In lateral market and medium trend phases this type of system wins a lot.
Time frame 15 min or higher. Best time H4.
Currency pairs: any.
Metatrader 4 indicators
Polynomial regression (period 80, deviation 3.0).
Heiken Ashi
Level of Support and Resistance.
RSX 11 periods, close.
Advanced Parabolic (special setting 0.015, 0.015, 0.15).
Trading Rules Parabolic Sar with RSX Forex System
Buy
The price bounce on the support level.
RSX in red bars or is greater than zero.
Heiken Ashi bar white color
Advanced Parabolic Sar under the candle.
RE-enter if there is an signal with the same level of support.
Sell
The price bounce on the resistance level.
RSX in white bars or is greater than zero.
Heiken Ashi bar white color.
Advanced Parabolic Sar above the candle.
RE-enter if there is an signal with the same level of resistance.
Exit position options
Place initial stop loss below/above the support/resistance level.
Make profit at the opposite band of the channel or wehen parabolic Sar changes direction.
The strong point of this trading system is the setting of the Parabolic Sar which I found with data analysis with genetic algorithms.
In the pictures Parabolic Sar with RSX Forex System in action.
More exampes of trades in the video below.
Telegram Channel https://t.me/freeforexresources
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