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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)


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Can we use this on 15 min chart? Its working well on GBPUSD 15 min chart.

Can we use this on 15 min chart?

for 20-30 pip targets 4H chart is very long for me.

From my experience I can say it'll be too choppy with SAR indicator jumping all over the place and being late on reversals.

Kev

i use these indicators with a 50,100,200 Moving average. when i buy price must be above all three lines when i sell price must be below all three lines. when price in in between i just ignore everything. when 50 and 100 cross the 200 it means a strong trend in that direction. just a good way to filter out bad trades. i do these on the 1 hours time frame.

Thank you for sharing your trading approach with us.

Best regards,
Edward

how can i get the system
AlfredFx360

Could you clarify that a bit more? Thank you.

Regards,
Edward

Hello,
I have a question about SAR how can I understand SAR is giving a buy or sell signal...

Thank you...