378# MTF Parabolic Sar indicator Forex Scalping System
MTF Parabolic Sar Trading
Submit By Nikolovic 31/08/2013
This is an trend following Scalping System multitime frame based on the parabolic Sar indicator. The main feature of this system is the fast exit position. Here are the setting for 15 min time frame. But the system works also more higher time frame.
Time Frame 15 min.
Currency pair:major.
Indicator (Buy Sell Magic:
Red arrow- SELL signal
Green arrow - BUY signal. Setting signal period 4 ).
Parabolic Sar MTF:
time frame 15 min setting parabolic Sar MTF indicator60 min;
time frame 30-60 min setting parabolic Sar MTF 240 min;
time frame 240 min setting parabolic Sar MTF 1440 min ,daily.
Trading Rules for: MTF Parabolic Sar indicator Forex Scalping System
The Buy Sell Magic generates trades when it paints arrows.
Long trades occur when the “Buy Sell Magic” shows a GREEN
Short trades occur when the “Buy Sell Magic” shows a RED.
Buy
Buy Sell Magic green Arrow and Parabolic Sar paints dots aqua below the bars.
Sell
Buy Sell Magic Red Arrow and Parabolic Sar paints dots aqua below the bars.
Exit position:
Fast Profit Target:
Aud/USD 7 pips +spread;
EUR/USD 9 pips +spread;
GBP/USD 11 pips + spread.
Initial Stop Loss on the previous swing,
after 6 pips in gain for AUD/USD move stop los at the entry point;
after 7 pips in gain for EUR/USD move stop loss at the entry point;
after 9 pips in gain for GBP/USD move stop loss at the entry point.
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