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PSAR MACD is a scalping system designed for Metatrader 4 composed of three trading popular indicators. It provides short-term trading signals for any currency pair. The system only trades in the overall direction of the short-term trend.
Time Frame (s): 5 Min chart
Used Indicators: Moving Average (110 SMA), Parabolic Sar (0.02 Step), MACD colored (5,15,1)
Trading Sessions: London, US
Trading Strategy:
BUY Rules:
Initiate long trade if the currency price lies above the moving average, MACD > 0 and PSAR dots below the market price. Place stop loss 1 pip below the most recent support area. Take profit objective: 10-25 pips.
SELL Rules:
Initiate short trade if the currency price lies below the moving average, MACD < 0 and PSAR dots above the market price. Place stop loss 1 pip above the most recent resistance area. Take profit objective: 10-25 pips.
Trading Example:
As you can see from the picture above, a long trade was initiated at 1.2819 with stop-loss 1 pip below the most recent support at 1.2808. The trade was closed at 1.2838 for 17 pips. |
