Home / FREE DOWNLOAD MT4 Trading Systems / Forex Momentum Parabolic SAR “Stop and Reverse” Trading System

Forex Momentum Parabolic SAR “Stop and Reverse” Trading System


Best trend following “Forex Momentum Parabolic SAR Trading System” – Parabolic SAR is a trend following indicator developed by Welles Wilder and designed to confirm or reject trend direction, to determine trend end, correction or flat stages as well as to indicate possible exit points.

The underlying principle of the indicator can be described as “stop and reverse” (SAR).

  • Time Frame: M5 or higher
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading Indicators
  • Parabolic SAR Color
  • QQE Alert
  • Momentum VT
  • QQEA

 

BUY Rules

Trading NOTES

DOWNLOAD INDICATOR


  • Parabolic SAR Color: Yellow dots
  • OBOS Channel: Lime circle below the previous swing low
  • QQE Alert: Up arrow
  • Momentum VT: Above the level 0
  • QQEA: The red line above the yellow line

 

SELL Rules

  • Parabolic SAR Color: Magenta dots
  • OBOS Channel: Red circle above the previous swing high
  • QQE Alert: Down arrow
  • Momentum VT: Below the level 0
  • QQEA: The red line below the yellow line

 

Trading NOTES

When using Parabolic SAR indicator we should take into consideration it’s positioning against the price chart as well as its acceleration factor which increases together with the trend.

Despite being a popular tool of analysis, it has limitations and may give false signals infrequently changing market conditions.

The indicator may signal the following:

Trend confirmation

  • If the indicator is plotted below the price graph, it stands for an uptrend;
  • If the indicator is plotted above the price graph, it confirms a downtrend.

Exit points determination

  • If the price drops below Parabolic line during an uptrend, there may be a sense in closing long positions;
  • If the price rises above the Parabolic curve during a downtrend, there may be a sense of closing short positions.

DOWNLOAD TRADING SYSTEM


READ  Forex GRaB Candles Trading System

Leave a Reply

Your email address will not be published. Required fields are marked *