Strategy "Parabolic SAR Trend Scalper"
Scalping strategy "Parabolic SAR Trend Scalper" is based on three standard indicators for most trading terminals: Parabolic SAR (0.01-0.01), MACD (64, 128, 9), EMA (100). The strategy is oriented on a 5-min. timeframeand work on the main currency pairs: EUR/USD, GBP/USD, AUD/USD. The strategy is easy to use, but it is recommended to create a trading robot according to the rules for automated selection of working parameters for each instrument.
Market entry rules for the strategy "Parabolic SAR Trend Scalper"
Opening a buy position be carried out if the following conditions are met:
1. Parabolic SAR Indicator is underneath the price.
2. MACD indicator is above the zero level.
3. Price is above or has just, after the close of the signal candle, crossed the EMA 100 from bottom to top.
Opening a position for sale be carried out if the following conditions are met:
1. Parabolic SAR indicator is above the price;
2. MACD indicator is below the zero level;
3. Price is below or has just, after the close of the signal candle, crossed the EMA 100 from top to bottom.
Stop Loss should be set 3 pips above or below, depending on the trend, the points of the Parabolic SAR indicator. Take Profit in the opinion of the author of the strategy should be set at the level of 7-12 points, maybe a little more.