Trend Trading Strategy Parabolic Sar with Channel

Trend Trading Strategy Parabolic Sar with Channel - one example of a classic combination of a trend indicator and oscillator for trend trading.

The deal is opened when the price rebounds from the channel line simultaneously with the oscillator signal about the formation of a price peak.

Input parameters

  • Currency pairs: any
  • Timeframe: M30 - H4
  • Bidding time: any
  • Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction

Used indicators

  • Channel Indicator
  • Ifx Strategy
  • Prabolic Sar with Arrows (0.04-0.2)

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 Parabolic Sar with Channel

The schedule should look like this:

Trend Trading Strategy Parabolic Sar with Channel
Trading Strategy Template Parabolic Sar with Channel

Signals indicating the opening of a long position

  • prerequisite: the price channel is directed upwards;
  • the price rebounded from one of the lower channel lines;
  • a green up arrow appears;
  • a green bar is formed on the oscillator.
Trend Trading Strategy Parabolic Sar with Channel
Examples of entering a long position

Signals indicating the opening of a short trade

  • prerequisite: the price channel is directed downward;
  • the price rebounded from one of the upper channel lines;
  • a red down arrow appeared;
  • a red bar is formed on the oscillator.
Trend Trading Strategy Parabolic Sar with Channel
Examples of entering a short position

Setting Stop Loss and Take Profit Orders

  • stop loss is set above or below the previous local maximum or minimum;
  • Take Profit is set at the midline of the channel or at its opposite border.

Transactions can be opened when the arrow appears in the corresponding direction when the price is above the midline of the channel for sales and below the midline of the channel for purchases. In this case, the number of transactions will increase, but the number of losing transactions will also grow.

Before using Parabolic Sar with Channel trading strategy on a real deposit, we recommend that you test it on a demo account.

Download Parabolic Sar with Channel Strategy Template and Indicators

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