FREE FOREX STRATEGIES

Forex trading strategy #2 (Parabolic SAR + ADX)


The two indicators we are going to talk about here are found to be very well working when used side by side. This Forex trading system is an another simple discovery; and hundreds of such discoveries can be made when traders are there to learn and experiment.

Any currency pair and time frame can be used.
Indicators: Parabolic SAR default settings (0.02, 0.2), ADX 50 (with +DI, -DI lines)

Entry rules: SELL When the +DI line is below the -DI line, and Parabolic SAR gives sell signal. When the +DI line is above the -DI line, all Parabolic sell signals must be ignored.
Entry rules: BUY when the +DI line is above the -DI line, and Parabolic SAR gives buy signal. When the +DI line is below the -DI line, all Parabolic buy signals must be ignored.

Exit rules: when +DI line and -DI lines have crossed again.


FOREX TRADING SYSTEM


Advantages: allows filtering entries and predicting good exits.

Disadvantages: Both Parabolic SAR and ADX are follow-up indicators. Although they complement each other very effectively, the “weakest” in chain is ADX, because during trading it can give one signal, but later change to the opposite. Once given a signal from ADX, waiting for the current price bar to close to avoid such misleading is advised.


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

Copyright © Forex Strategies Revealed

one last question if y´m loking for a target 100 pibs whit sl 50 pibs what do i use a 4h 1h 30min and 15 min should look all the same , or do i use as well 1day and 1wek chart this site is very powerful thanks you gays great work keep on caming whit new strategies please

it is easy 4h adx 50 or 30 signal ok then pass 1h then entry the maney manegemment is everything [email protected] i´m new at this but the site is great

I am very confused about please tell me that what chart i mean what will be better 15 minuets chart or 30 minutes.

very nice information.

nice strategies Adward thank u Raees"[email protected]

Hello,
What is the best parabolic settings for 4H time frame?

Redox

40/100 pips weekly

You can make btw 20/100pips/week simply by trading psar H4 crosses. On crossover, simply enter atrade in the direction of hte new cross targeting 20/50pips. u may have an average of two trades every week.

www.merkysolutions.com

Hi Lalit Burhade,
(Parabolic SAR (0.012, 0.2)
ADX 50
Entry and Exit when both gives same signal)
This system suitable to what time frame?

thanks.

In my honest opinion, I am testing this strategy out right now and I am trading off the daily time frames which means a huge amount of risk which is why I reduced my lot size. I believe this strategy has potential, will post my results once I have a good enough time period.

Someone is posted this strategy in a forum last year-- http://forum.mt5.com/showthread.php?5327-Clear-and-simple-strategy-...

Hi, I'm new in forex trading. I was following this strategy in my demo trading. Read the comments. Additional use of 5 & 12EMA give early entry signal.... what should I do in this case? Wait for +DI & -DI to cross or follow the MAs??

Sohel

Try using following combination and share your experience here.
Parabolic SAR (0.012, 0.2)
ADX 50
Entry and Exit when both gives same signal
Regards,
Lalit Burhade

Why would anybody ring Nigeria to ask you for detailed information on how to use this strategy as a customised indicator? Are you crazy or what? You think the telephone call is free, don't you?

I can smell a rat here - someone is looking for an opportunity to SCAM others. How so bloody typical of you Nigerians.

I have been reading several comments about this strategy but the fact is that the strategy is a very good strategy when considering some basic facts such as, timing and active session for the pairs and also using it on multitimeframe will yield wonderful results. their strategy could be used in many ways, you can used it at all market opens, you can used it for breakout and you can used it to swing or weekly trade. infact this strategy is very simple, flexible and easy to apply, just used it in all timeframe and see is wonderous work. for detailed information on using this strategy as a customised indicator, then you can call me on +234-803-436-3444. Olajide

I´m so happy now.I will try it! Thanks!!!


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