MTF Parabolic SAR Forex Scalping Strategy
This scalping system is a trend following system and multi-timeframe based on the parabolic SAR indicator. This system features the quick exit position. This is a system that works on a 15-minute timeframe or higher and is applicable to major currency pairs.
Metatrader Indicators:
- 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 indicator 60 min;
Time frame 30-60 min setting parabolic Sar MTF 240 min;
Time frame 240 min setting parabolic Sar MTF 1440 min ,daily.
The Buy Sell Magic generates trades when it paints arrows.
- Buy Sell Magic GREEN = Buy
- Buy Sell Magic RED = Red.
Buy Entry:
- The green arrow must appear on the buy sell magic indicator.
- The parabolic Sar must paint a magenta dots above the bars.
Sell Entry:
- The red arrow must appear on the buy sell magic indicator.
- The parabolic Sar must paint an aqua dots below the bars.
Exit position:
- Quick take profit.
- AU at 7 pips +spread, EU at 9 pips + spread, GU at 11 pips + spread.
- Place initial stop loss on the previous swing.
After gaining 6 pips for AU, move stop loss at the entry point;
After gaining 7 pips for EU, move stop loss at the entry point;
After gaining 9 pips for GU, move stop loss at the entry point.
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