Parabolic Sar And EMA Forex Trend Following Strategy
This system uses a 1 hour chart and can be used to any currency pairs.
Forex Indicators:
- SAR – Step 0.03, Maximum 0.2
- Three EMA (exponential moving averages)- 5, 12, 34
Rules for Long Entry:
- 5EMA is greater than 12EMA is greater than 34EMA.
- Last SAR is ABOVE Current SAR is UNDER 5EMA
Rules for Short Entry:
- 5EMA is less than 12EMA is less than 34 EMA.
- Last SAR is UNDER Current SAR is ABOVE 5EMA .
Take profit at 20 pips or more.
Set Stop Loss 40 pips.
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