Forex trading strategy #2 (Parabolic SAR + ADX)
Submitted by Edward Revy on February 28, 2007 - 15:01.
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)
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I´m so happy now.I will try it! Thanks!!!
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
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.
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
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
Someone is posted this strategy in a forum last year-- http://forum.mt5.com/showthread.php?5327-Clear-and-simple-strategy-...
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.
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.
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