Forex strategy SuperTrend
We offer you indicator trading strategy using Parabolic SAR and the popular SuperTrend. The tactic is quite simple and technically clear, so it is possible to automate it if desired.
Marketplace: Forex;
Currency pairs: with reduced volatility;
Timeframe: Н1;
Indicators : SuperTrend (8,1.5), Parabolic SAR (0.2,0.2);
Strategy: intraday;
Protective orders: StopLoss.
Trading conditions of the SuperTrend strategy
Buy signal. Buying when. SuperTrend indicator shows an uptrend (green), and Parabolic SAR gives a buy signal, i.e. is located under the price. It is not recommended to enter the market, when SuperTrend gives a buy signal and Parabolic gives a sell signal. Indicators should coincide in their movement.
Signal to sell. Sell when. SuperTrend indicator gives a downtrend (red), and Parabolic SAR confirms it. Also, you should not enter when the signals of the indicators contradict each other.
Exiting a trading position
Two options are possible here:
1) By Stop Loss. In this case we put an order according to the trader's discretion and habits.
2) Exit when two indicators have changed their direction. Or one of them.