MTF Parabolic SAR Forex Scalping Strategy

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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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