Parabolic Sar 4H Strategy

Parabolic Sar 4H Strategy is a trend strategy based on Parabolic Sar, two moving averages and MACD.

Time frame 4H.

Currency pairs: AUD/USD, USD/JPY, EURUSD, GBP/USD, USD/CHF, GBP/JPY, EUR/GBP, EURAUD.

Forex Indicators:

MACD (12, 26, 9).

Exponential moving average 6 period, close.

Simple moving average 13 period.

Parabolic Sar default (0.2- 0.02).

Trading rules Parabolic SAR 4H strategy

Buy

6 EMA above 13 SMA.

MACD Histogram above zero line.

PSAR dot below the candle.

Place initial stop loss on the previous swing low.

Trailing stop with the Parabolic Sar.

Close position with predetermined profit target or when the EMA 6 crosses to down SMA 13.

Sell

6 EMA below 13 SMA.

MACD Histogram below zero line.

PSAR dot above the candle.

Place initial stop loss on the previous swing high.

Trailing stop with the Parabolic Sar.

Close position with predetermined profit target or when the EMA 6 crosses to up SMA 13.