Two Parabolic Sar with Pivots Levels

Two Parabolic Sar with Pivots Levels is a day trading strategy trend-following filtered by pivot points levels.

Time Frame 5 min.

Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY

Sessions London and New York.

Forex Indicators:

Parabolic SAR (0.02 – 0.2) green dot;

green dot;

Pivot Point levels.

Trading Rules

Buy

Price above the Pivot Points levels daily PP.

and Parabolic SAR (0.005 – 0.05) are below the candle price.

Sell

Price below the Pivot Points levels daily PP .

Parabolic SAR (0.02 – 0.2) and Parabolic SAR (0.005 – 0.05) are above the candle price.

Exit options:

when Parabolic SAR (0.02 – 0.2) change direction;

with predetermined fast profit target: EUR/USD 7 pips, GBP/USD 10 pips, USD/JPY 8 pips, GBP/JPY 12 pips;

at the next pivot points level.

Trailing stop with 5 pips.

Place initial stop loss below/above the dot of Parabolic SAR (0.02 – 0.2).

Trading Examples