forex-scalping-with-parabolic-sar

Parabolic Sar and Trend Indicator 5 Min Forex Scalping Strategy

Forex Strategy, Scalping

A simple fx scalping strategy composed of 3 trending indicators. Clear rules: Take Profit at 15 pips with stop-loss placed above or below the Parabolic SAR indicator.

Chart Setup

Indicators: Parabolic SAR (0.02 step), 200 Period Exponential Moving Average (200 EMA), !De_Munyuk
Preferred time frame(s): 5 Min chart
Trading sessions: London, US
Preferred Currency pairs: Pairs with low spread – EUR/USD, GBP/USD, USD/JPY

Download

Download the 5 Min Forex Scalping strategy With Parabolic Sar and Trend Indicator for Metatrader 4.

EUR/USD 5 Minute Trading Example

forex-scalping-with-parabolic-sar

The EUR/USD chart shown above gave us 2 nice short trade entries at 1.3641 and 1.3606 respectively. Both trades closed in the profit for 15 pips each.

Trading Rules

Buy Rules:

  • Price trades above the EMA 200 (up trend)
  • Parabolic SAR dots appear below the price (bullish)
  • !De_Munyuk must be green or flips from red to green (short-term up trend)

This is your buy entry signal. Place protective stop-loss 1 pip below the PSAR dot.
Price objective: 15 pips

Sell Rules:

  • Price trades below the EMA 200 (down trend)
  • Parabolic SAR dots appear above the price (bearish)
  • !De_Munyuk must be red or flips from green to red (short-term down trend)

This is your sell entry signal. Place protective stop-loss 1 pip above the PSAR dot.
Price objective: 15 pips

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