Trending trading strategy Pro Parabolic Sar for pairs and binary options
Trending trading strategy Pro Parabolic Sar - is a simple system based on two technical indicators and has simple rules that will not cause difficulties for novice traders.
The Pro Parabolic Sar strategy can be used for both classic trading and cryptocurrency trading and binary options.
Input parameters
- Currency pairs: any, including cryptocurrencies
- Time frame: M15 and older (for binary options expiration time of 2-3 candles)
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of the deposit per trade
Used indicators
- Pro Parabolic Sar (0.01- 0.1, Price High 2, Price Low 3)
- Blau indicator: (4, 1, 9)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Pro Parabolic Sar
The schedule should look like this:
Signals indicating the opening of a long position (buying a Call option)
- A green up arrow appears;
- On the Blau indicator, the line consists of green dots.
Signals indicating the opening of a short position (buy Put option)
- A red down arrow appeared;
- On the Blau indicator, the line consists of red dots.
Setting Stop Loss and Take Profit Orders
- stop-loss is initially set above/below the previous maximum/minimum. Further it is recommended to use trailing stop;
- Take Profit order is placed near the support or resistance line of the trend. It is also allowed to close a position at the opposite signal of the Pro Parabolic Sar indicator.
Note that the trading strategy Pro Parabolic Sar has a clearly defined trend character, so it will give a large number of false signals in the flat.
In order to minimize the number of false entries, a trend filter can be added to the strategy, which will have a better effect on its efficiency.
Before using Pro Parabolic Sar trend trading strategy on a real deposit, we recommend that you test it on a demo account.
Download Pro Parabolic Sar Strategy Template and Indicators
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