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)


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On some trading platforms -DI and +DI come with ADX indicator.

On others look for DMI (Directional Movement Index) indicator.

Could someone please teach me how to set +DI and -DI? Many thanks in advance.

thank you..much appreciated

Ok,
I'll try to comment it.
EMA 21 first of all provides a good visual aid, showing trend direction. Also it acts as a confirmation line: if we are ready to sell, the price should trade below 21 EMA, and vise versa, when we got a signal to Buy the price should trade above 21 EMA. Once confirmed, we happily press an execution button.

Happy trading!
Edward.

Hi everyone,
Thanks for this very good site, very helpfull.
Ezra, can you tell my how you used your ema21 ? To know trend direction ?

Bye

This strategy is very powerful, i use this beside that i add ema21, run chart on h4 and daily, entry decision on h1, margin used 1%
Thank's

(from Ezra)


 

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