Parabolic Sar Trend Forex Scalping Strategy For MT4
The Parabolic Sar Trend Forex Scalping Strategy For MT4 is suitable to trade three major pairs. EURUSD, AUDUSD, and GBPUSD would be the perfect pick for this strategy. Some rookies think learning about a scalping method for taking trades in three major assets is a waste of time.
The reality is, if you know the key way to make a profit in one asset, you are going to be a millionaire. The strategy uses Parabolic Sar indicator colored, MACD colored, and 100 EMA. 100 EMA might be the main attraction to many scalpers as it used in many power scalping systems. In this system, the 100 EMA is going to be the key player and the other two indicators is going to be the digital filter tools.
Though some trades love to scale after the break of 100 we will be taking advantage of test and rejection. When the price is down below the 100 EMA we have a bearish trend. After the price starts to climb higher we will become more cautious. At the first touch of the 100 EMA, we will look for a decent drop in the price as the 100 EMA is our dynamic resistance. The bars in the MACD needs to be red and it must form below the zero lines. A small dot must appear which will give us the green signal to short the asset. Stop loss will be 7 pips above the 100 EMA and the take profit is 15 pips.
For the long, the price must trade over the 100 EMA. As bearish correction takes place, be cautious. In the first bounce at the 100 EMA, we will look for the green bars in MACD. The parabolic bullish dot will also appear. The stop is also 7 pips just like the short trade. Desired take profit for this system 15 pips.
The majority of the rookies mess things up by waiting too long. Scalping requires fast-paced execution of the trade. You must take the trade in the first retest or else you might see a major break of the 100 EMA in the second testing. And try not to use the minute 1 and minute 5 chart while using this scalping strategy.
Download the complete system description and the files here: