Scalping system #4 (5 pips with GBP/USD)

Dear Mr.Edward/Mr. Alex,

One question, once we got 5 pips in long/short entry, still both the SAR gives long/short entry signal, still we can place another long/short entry ?

Thanks in advance.

Regards, Mani.

Hi Barry,

SARs are in agreement, when they both show a Sell or both show a Buy signal.

Regards,
Edward

Hi Ed
We you say the sars have to be in agreement please what do they mean, and how do u tell when they are in agreement

R
Barry

SAR on the chart means that the indicator is painted over candlesticks, it shares space with candlesticks on the chart, and is not shown in a separate window. We use default (not customized) Parabolic SAR on the chart.

Regards,
Edward

Hi Guys

I am new to forex On this subject sar when you say place sar on chart do you mean on the candlesticks, also which sar do you place on the chart is it the customised version or the default version that come with mt4

Thank you very much for the pretty MT4 lesson!
Now I understand this principle.
Just in my case, I managed to find MetaEditor by clicking on the menu icon , instead of going via "View", "Custom indicators".

Regards,
Edward

An easy way to put the SAR on the MACD using MT4 is to:

1- click on the "View" tab upper left corner of MT4
2- Click on the folder "Custom Indicators"
3- right click on the folder "Parabolic" and click on the "modify"
4- once the MetaEditor window appears go down to the line that says:
#property indicator_chart_window and change it to say #property indicator_separate_window then click on the compile button on the upper part of the screen
5- Once this is done you can drag and drop the SAR onto the MACD.

Also to address the SAR dots going flat on MT4 I ran into the same problem and what I did to fix this problem was to change a setting in the SAR. I kept the "step" setting at 0.11 but change the "Maximum" setting to 0.2 and doesn't seem to change anything and it keeps the dots from going flat.

Try dragging it over this indicator:
Good_Macd.mq4.

Let me know if the problem remains.

I like the looks of this strategy and would like to use it. However, I cannot load the SAR(0.01,0.1) onto the MACD. I have downloaded this: Parabolic_SW.mq4 onto my desktop directly from the post submitted by syanwar on Feb. 3, 2008(not from the Viking234 website). Then going into the "location" of my MetaTrader platform, then copied and pasted it into the experts/indicators/ folder. It appears in the "indicators" section of the navigator, but when I try to drag it onto the MACD field of a chart, it will not open. Where have I gone wrong; can anyone help?

Regular MACD.

Alex

can anyone tell me if the MACD is a slow MACD or just regular

THANKS A LOT EDWARD FOR ALL YOUR GOOD WORK. NEW TO FOREX AND JUST DISCOVERED THIS SITE.
ARINZE

has anyone tried this with spot silver/gold on oanda'a platform?

Hi,
these are screenshots from a Forex trading platform. The one I use is from OANDA broker (oanda.com). You may register a demo account with them (called FXgame) and test-run the strategies we publish.

Regards,
Edward

edward,

im very new to fx. what program are u using with the illustrations?