Parabolic SAR and MACD Forex Swing Trading Strategy
This swing trading strategy uses two indicators, and these are the parabolic SAR and the MACD. This strategy is comprehensive and great for new traders. This is applicable to any currency pairs.
MACD line must cross over.
Parabolic SAR must switch position on the chart.
Place a buy stop or sell stop order above the high or low of the candlestick at the point where both the MACD and parabolic SAR confirm trade entry signal.
Place stop loss 5- 30 pips below the low or above the high of that candlestick, but this depends on the timeframe. Large stop loss may be a bit larger.
To exit the position or take profit, the opposite trade entry signal must appear.
Very simple and easy to spot trade setups.
Can gain huge profit.
Frequent stop out can happen during ranging or consolidation market.
The MACD & Parabolic SAR are both lagging indicators, it means that the market has already made a big move before the signal appears.
If you place your stop losses quite close, you may get stopped out frequently.
How to install Parabolic SAR and MACD Forex Swing Trading Strategy?
Download Parabolic SAR and MACD Forex Swing Trading Strategy.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex strategy
Right click on your trading chart and hover on “Template”
Move right to select Parabolic SAR and MACD Forex Swing Trading Strategy
You will see Parabolic SAR and MACD Forex Swing Trading Strategy is available on your Chart
Click here below to download:
August 19, 2019
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