Stochastic and Parabolic SAR Day Trading Strategy

Stochastic and Parabolic SAR Day Trading Strategy is a trend momentum trading system.
Time Frame 15 min
Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, USD/CHF.
Forex Indicators:
Parabolic SAR (0.11 – 0.01)
Stochastic Oscillator (5, 3, 3) with levels (30 and 70).
Trading rules
Buy
Parabolic SAR dot below the price.
Stochastic oscillator crosses downward below 30 level.
Open a a buy position at the opened of the next candle.
Place initial stop loss at the low of the previous swing.
Make profit with 1:1 Risk to reward. If stop is 10 pips the profit is 10 pips or whith
predetermined profit target 4-8 pips.
Sell
Parabolic SAR dot above the price.
Stochastic oscillator crosses downward above 70 level.
Open a a sell position at the opened of the next candle.
Place initial stop loss at the high of the previous swing.
Make profit with 1:1 Risk to reward. If stop is 10 pips the profit is 10 pips or with the 
predetermined profit target 4-8 pips.
Stochastic and Parabolic SAR Day Trading Strategy

Stochastic and Parabolic SAR Day Trading Strategy

Stochastic and Parabolic SAR Day Trading Strategy

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