A simple fx scalping strategy composed of 3 trending indicators.
Clear rules: Take Profit at 15 pips with stop-loss placed above or below the Parabolic SAR indicator.
Let’s explore below how this strategy works:
Chart Setup
Indicators: Parabolic SAR (0.02 step), 200 Period Exponential Moving Average (200 EMA), !De_Munyuk.ex4 (Default Setting)
Preferred time frame(s): 5 Min chart
Trading sessions: London, US
Preferred Currency pairs: Pairs with low spread – EUR/USD, GBP/USD, USD/JPY
Download
Download the 5 Min Forex Scalping strategy With Parabolic Sar and Trend Indicator for Metatrader 4
EUR/USD 5 Minute Trading Example
The EUR/USD chart shown above gave us 2 nice short trade entries at 1.3641 and 1.3606 respectively.
Both trades closed in the profit for 15 pips each.
Trading Rules
Buy Rules:
- Price trades above the EMA 200 (up trend)
- Parabolic SAR dots appear below the price (bullish)
- !De_Munyuk must be green or flips from red to green (short-term up trend)
This is your buy entry signal. Place protective stop-loss 1 pip below the PSAR dot.
Price objective: 15 pips
Sell Rules:
- Price trades below the EMA 200 (down trend)
- Parabolic SAR dots appear above the price (bearish)
- !De_Munyuk must be red or flips from green to red (short-term down trend)
This is your sell entry signal. Place protective stop-loss 1 pip above the PSAR dot.
Price objective: 15 pips
Free Download
Download the 5 Min Forex Scalping strategy With Parabolic Sar and Trend Indicator for Metatrader 4