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Parabolic Sar With BH Ergodic Forex Scalping Strategy
This is a scalping strategy that uses a 5 minute chart and works in any currency pairs. Use this system during London and New York sessions. This strategy helps us in our entries by using the EMAs, but the main indicators used in this system
Metatrader Indicators:
- 3EMA, 6EMA,9EMA,14EMA;
- BH Ergodic(default);
- Parabolic Sar (0.02, 0.2)
- pivot levels.
Buy Entry:
- The 2 lines of the ergodic indicator must cross upward to know the direction.
- Moving Averages must cross upward.
- Dot of the the parabolic SAR is below the price.
Sell Entry:
- The 2 lines of the ergodic indicator must cross downward to know the direction.
- Moving Average must cross downward.
- Dot of the the parabolic SAR is above the price Buy.
Exit position:
- BH ergodic indicator Crossing in opposite direction.
- On the the pivot levels.
- Profit Target predetermined (6 -12) pips depends by currency pairs.
- Place stop loss at 15-20 pips.
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