Parabolic Sar Indicator
Parabolic Sar Trend Scalper is a forex scalping strategy based on the parabolic sar indicator, Ema indicator and MACD indicator.
Time frame:5min;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.002.5
Indicators:
1 Parabolic Sar indicator colored(0.01-0.01);
2 MCAD colored (64, 128, 9);
3 100 EMA.
Long Entry:
When the price is above the EMA 100, and PSar dot is up and MACD>0.
Short Entry:
When the price is above the EMA 100, and PSar dot is down MACD<0.
Stop Loss:place stop loss 3 pips below o above the first PSar dot.
Take Profit: Price objective 7-12 pips or better.
