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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
Two Parabolic Sar with Pivots Levels

Two Parabolic Sar with Pivots Levels

Two Parabolic Sar with Pivots Levels

Two Parabolic Sar with Pivots Levels Reviewed by learn forex trading on June 06, 2017 Rating: 5

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