FREE FOREX STRATEGIES

#13 SuperSar Strategy


Submitted by Mennzz

Indicators/Settings:

-SUPERTREND (8, 1.5)
-SAR (0.2.0.2)

WHEN TO ENTER A TRADE:

Enter: a BUY trade when SUPERTREND is in a bullish trend(line is green), and SAR gives a BUY signal. (Don't enter a SELL trade if SUPERTREND is bullish and SAR gives a SELL signal.

Enter: a SELL trade when SUPERTREND is in a bearish trend(line is red), and SAR gives a SELL signal. (Don't enter a BUY trade if SUPERTREND is bearish and SAR gives a BUY signal.

Get out of a BUY trade when SAR give a SELL signal, and the opposite for a SELL trade.

Download indicators:
Download SuperTrend for MT4: SuperTrend_v1.2.mq4
Download SuperTrend FXCM Trading Station II: SuperTrend.lua

Good luck trading!
-Mennzz

Edward Revy,
http://forex-strategies-revealed.com/

Copyright © Forex Strategies Revealed

You only need the SAR (0.2, 0.2). Take the trade if the signal is in the same direction as the one in the higher timeframe. Stop Loss last swing high/low, Take Profit same as risk or 1:1,5.

Good indicator. Any SL & TP suggestions. Thanks.

The arrows were added by hand to illustrate entries/exits on the screenshot, an EA doesn't draw arrows.

Kind regards,
Edward

Hi. I have downloaded and added the EA but i only see the blue and red lines. My chart didn't show the dots in the chart. Anyone got the same problem?

Hi.i want to say how do we install custom indicator into the metatrader4?

thanks.

Hi. This is a great strategy. I am using it on demo but i would rater use EA based on this strategy. Could someone provide whit one? Or maybe help me develop one?

Regards

Use right click + save link as.. to download indicators.

Best regards,
Edward

Hola Mennzz

Could I have a copy of this indicator.
I'm unable to download the attached indicator.
could you please email me this indicator to watsonisme()gmail.com

Regards

The SAR indicator doesn't have arrows.
Arrows were added manually in the image editor.

Regards,
Edward

ARROW SAR DOESN'T APPEAR , THANKS ANYWAY

Hi Vijay,

always wait till the current trading candle is closed before accepting a signal from SAR indicator.

Regards,
Edward

Hi Edward,

I am testing this statergy in demo account.I noticed some time,during SAR trend changes,i can see both red and green line in Supertrend line.What i should do during such a situation.Please advice.

Thanks,
Vijay

Hi Vijay,
From the original screenshot to the strategy it looks to be 4 hour TF.

Kind regards,
Edward

this is great.Can you please tell me what is best time i can use for this strategy.

Thanks,
Vijay


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