MTF Parabolic SAR Forex Scalping Strategy
Table of Contents
This scalping system is a trend following system and multi-timeframe based on the parabolic SAR indicator. This system features the quick exit position. This is a system that works on a 15-minute timeframe or higher and is applicable to major currency pairs.
- Indicator (Buy Sell Magic)
- Red arrow- SELL signal
- Green arrow – BUY signal. Setting signal period 4 ).
- Parabolic Sar MTF:
Time frame 15 min setting parabolic Sar MTF indicator 60 min;
Time frame 30-60 min setting parabolic Sar MTF 240 min;
Time frame 240 min setting parabolic Sar MTF 1440 min ,daily.
The Buy Sell Magic generates trades when it paints arrows.
- Buy Sell Magic GREEN = Buy
- Buy Sell Magic RED = Red.
- The green arrow must appear on the buy sell magic indicator.
- The parabolic Sar must paint a magenta dots above the bars.
- The red arrow must appear on the buy sell magic indicator.
- The parabolic Sar must paint an aqua dots below the bars.
- Quick take profit.
- AU at 7 pips +spread, EU at 9 pips + spread, GU at 11 pips + spread.
- Place initial stop loss on the previous swing.
After gaining 6 pips for AU, move stop loss at the entry point;
After gaining 7 pips for EU, move stop loss at the entry point;
After gaining 9 pips for GU, move stop loss at the entry point.
Forex Trading Strategies Installation Instructions
MTF Parabolic SAR Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
MTF Parabolic SAR Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install MTF Parabolic SAR Forex Scalping Strategy?
- Download MTF Parabolic SAR Forex Scalping Strategy.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select MTF Parabolic SAR Forex Scalping Strategy
- You will see MTF Parabolic SAR Forex Scalping Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: