Forex trading strategy #49 (Parabolic + HMA)
Submitted by User on November 21, 2011 - 03:16.
Submitted by Egudu Emmanuel
Hi everyone,i would like to share a very simple strategy:
Indicators: HMA set to 40
Parabolic Sar (default)
Time Frame: 15mins
Currency pairs: eur/usd and eur/jpy
for buy entries, the Hma must change to green and the Sars should be under the candle.
TP should be 50pips to 100pips while stoploss should be when you have a reverse signal.
For a sell order, the HMA should change to red and the Sars should be on top of the candle.
Both indicators need not change at the same time,just ensure you enter a trade when both are saying the same thing.
A chart have been attached, the redlines shows entry points.
l hope you make good pips with this strategy.
l would like to have a professional expert advisor code a system for me.