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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

Stochastic and Parabolic SAR Day Trading Strategy Reviewed by learn forex trading on June 12, 2017 Rating: 5

1 comment:

  1. Thank you Sir
    I will try this and send you a feedback

    ReplyDelete

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