Double Parabolic SAR with Awesome Oscillator is a trend-momentum simple strategy that works on all time frame, this strategy is for scalping, day trading and swing trading. The results are interesting. This trading system is also suitable for Binary Options High/low with expiry time 5 candles.
Time Frame 5 min or higher.
Currency pairs: Majors, Indicies, Gold and Oil,
Forex Indicators
Parabolic Sar (0.02, 0.2).
Parabolic Sar (0.02, 0.04).
Awesome defaul setting.
Trading Rules Double Parabolic SAR with Awesome Oscillator
Buy
The two Parabolic Sar dots are below the price.
Awesome green bar.
Initial stop loss n pips below the entry bar depends by time frame.
Close position options:
when the fast Parabolic Sar changes direction,
make profit at the resistance level,
fast predetermined profit target (example 5 min time frame 5 -9 pips depends by pairs).
Sell
The two Parabolic Sar dots are above the price.
Awesome red bar.
Initial stop loss n pips below the entry bar depends by time frame.
Close position options:
when the fast Parabolic Sar changes direction,
make profit at the support level,
fast predetermined profit target (example 5 min time frame 5 -9 pips depends by pairs).
The re-entry in the same direction is optional.
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