Parabolic SAR and EMA Forex Trend Following Strategy

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Parabolic Sar And EMA Forex Trend Following Strategy

This system uses a 1 hour chart and can be used to any currency pairs.

Forex Indicators:

  • SAR – Step 0.03, Maximum 0.2
  • Three EMA (exponential moving averages)- 5, 12, 34

Rules for Long Entry:

  • 5EMA is greater than 12EMA is greater than 34EMA.
  • Last SAR is ABOVE Current SAR is UNDER 5EMA

Rules for Short Entry:

  • 5EMA is less than 12EMA is less than 34 EMA.
  • Last SAR is UNDER Current SAR is ABOVE 5EMA .

Take profit at 20 pips or more.
Set Stop Loss 40 pips.

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