Parabolic Sar and CCI
This is a trend- momentum forex strategy. Pairs to be included in this system are EURUSD, AUDUSD, GBPUSD with a 1 minute and 5 minute timeframe. Indicators that were used are listed as follows:
- 50 SMA for 1min TF;
- 21SMA for 5 min TF;
- CCI (45);
- Parabolic SAR (0.02, 0.2).
For LONG entry:
Parabolic dot must be greater than SMA and CCI 45 must be greater than 100.
For SHORT entry:
- Parabolic dot must be less than SMA and CCI 45 is less than -100.
Set stop loss on the SMA or trailing stop.
For EURUSD, take 7-12 pips, AUDUSD, 5-8 pips, GBPUSD 7-15 pips.
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