MTF Parabolic SAR Forex Scalping Strategy For MT4
The MTF Parabolic SAR Forex Scalping Strategy For MT4 is a multi time frame based trading method. It can be used to trade the major, exotic pairs, and even the stock market. Buy-sell margin, Parabolic Sar MTF, arrow mark indicator is deployed to the ex4 files of the system.
All the indicators play a crucial role but you must have the basic ability to spot the SR levels. This will give you the ability to ignore the signals created in the random place due to intense volatility and lower time frame trading method.
Three important parameters need to be filled to take the long trade. The dashed line in the zigzag indicator will identify the end phase of the retracement and trending move. If the dashed line stop falling further down and the purple line dot above the candle stop forming after the price hit the support, you have to get ready for the buy setup. A lime green upward arrow will appear at the support level and the aqua color dot will be created on the bottom of the bar or candle. Take your long trade after you see this setup. The stop will be 15 pips and the TP is 30 pips.
The short trades is the option when the price hit major resistance. The zigzag line will be at the end and you will notice a big purple dot above the candle after the series of the aqua candle. Take the short with 15 pip and TP is 30 pips. When you use this method, be careful about the time selection. The minimum time frame for this system is the 15-minute chart. If you intend to scalp in the lower chart, you have to rely on PA.
PA method can significantly improve your scalping system. It needs to be used when the 1 minute or 5-minute chart is scalped. The lot size of the trades should be scaled accordingly so that the maximum risk is not more than 2%. If the safety protocol is followed, you can win some of the big trades easily with this method.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
