Parabolic SAR with Awesome is a trend
following trading for intraday trading.
The mean feature of this strategy is
fast profit.
Chart setup
Time Frame 30 min.
Currency pairs: majors.
Awesome oscillator default setting.
Parabolic SAR (0.02, 0.2).
Exponential moving average 4 period.
Exponential moving average 5.
Long Entry
EMA 4> EMA 5
The parabolic SAR moves to the bottom
of the candle and the Awesome Oscillator is green indicating an
uptrend.
Sell Entry
EMA 4<EMA5
The parabolic SAR moves to the top of
the candle and the Awesome Oscillator is red indicating a downtrend.
Stop Loss & Take Profit
USD/CHF = SL: 20 pips TP: 25.
EUR/USD = SL: 25 pips TP: 30
GBP/USD = SL: 30 pips TP: 35
USD/JPY = SL: 25 pips TP: 30
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