Scalping system #4 (5 pips with GBP/USD)
Submitted by Edward Revy on May 20, 2007 - 07:42.
This simplified trading system derived from the previous “2 SARs to go” system and is a work of our dedicated scalper – Alex Wakemann. Thank you, Alex! His scalping insights will be published and updated on our pages as we move on. With this Forex scalping system Alex claims to always get at least 5 pips per trade.
Trading setup
Trading pair: GBP/USD
Time frame: 5 minute chart
Indicators:
MACD (5, 8, 9)
SAR on MACD (0.1, 0.11)
SAR on the chart (0.1, 0.11)
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I would like to try the strategy.
My software (Marketscope) is rejecting the SAR from the MACD, putting it on the price chart with every attempt.
I did succeed in putting the TICK_SAR on it however, but I am not sure why. I want it to be correct. Can you advise whether the TICK_SAR is sufficient.
This works only in trending markets, so don't get caught in a whipsaw!
Nice timing for trending market though! Between 7 - 10
Hi there,
Have anyone coded an EA for this strategy, if yes, please email me at minhbilly68()gmail.com
Safe trading to all
Regards,
Bill
Advice PLEASE! I am learning and struggling because when I find an Indicator, ot EA, or System, or...etc....etc... I find I cannot use it on my broker's platform. You see it's not MT4 or some magic Ninja or ..... its the Strategy Trader by FXCM. Is there a system, Indicator or EA that is independent of any specific platform? PLEASE email me @ [email protected] Thanks and God bless you. Fitz
Hello Alex , using this srategy how many pips have you made in the past year ?
Thankyou
Try this: Parabolic_SW.zip
hallo forex uaser.
Where from do I get him the indicators?
Mine parabolix sar looks completely different?
Use Metatrader alapri uk.
regards steve
Hi Haydel,
yes, everything is correct.
Happy trading!
Edward
Congratulations for this really useful site.
I am really new to FOREX so I would really appreciate some help.
Could you please confirm that I am setting the correct indicators and parameters on my platform?
MACD (5, 8, 9) would mean that the parameters for MACD-Average, Convergence-Divergence indicator are:
- First EMA period = 5
- Second EMA period = 8
- Signal EMA period = 9
SAR (0.1, 0.11) would mean that the parameters for Parabolic SAR are:
- Incremental step = 0.1
- Maximum step = 0.11
Also, on the first page Alex commented about 14 EMA. That would mean that the parameter for Exponential Moving Average is:
- Period = 14
Can you please confirm that I am setting all the correct indicators and parameters?
Thank you for your generosity sharing this strategy.
Haydel
Alex,
Just in case someone is still looking for SAR on MACD for MT4 I wrote and article back in December on it. (3rd link in the article)
http://www.greattradingsystems.com/2009/12/macd-indicator-for-ninjatrade...
hope it helps, if not no worries.
Cheers
Jason
Hi Isa
Since AUDUSD has U.S. currency, you can trade it 8-13 EST, but I found most active hours to be 13-17pm EST.
Alex
HI Alex,
I'm Newbie to this Forex and lost more 2K trying many system. Your system looks good. may i know you AUD/USD on the Same time ( 8:30 ESt - 11:30 Est) ..
Thanks
Isa
I think there was an indicator, although I don't use it.
Like Edward, I use Oanda for trading 2SARs.
Download SAR on MACD for MT4 here:
Parabolic_SW.zip
Best
Alex
is there a way to place a sar on the macd with mt4?
Hi,
I use it regularly.
I've also tried AUDUSD, and it was acceptable.
Alex
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