Parabolic Sar and RSI Fox Binary System For MT4
The Parabolic Sar and RSI Fox Binary System For MT4 was primarily designed for the rookies. But seeing the high success rate of this system, some institutional traders are also using this trading method.
Keltner Channels 9, Adaptive Parabolic, RSI (6) levels 35 -65, and Adaptive parabolic Histo are the indicators used for this system. After installing the template to the MT4 platform, you will get a very simple window. Those who are used to the complex trading method might doubt the system due to its simplicity. But it’s not a fixed rule that more variables can help you to make a big profit.
It increases the chaos and causes the traders to lose a big sum of money. Read this article as we will give you precise guidelines so that you can take the trade at the Keltner channel. To get the best result, use this system to trade M30 or higher chart. But if you are skilled at the PA pattern trading method, you can use this model in any time frame.
Long trade setup
The Keltner channel 9 will be working as your support and resistance. The price is usually contained by the channel boundary but we might see some false break which is the reflection of the major economic announcement. When the bar hits the lower Keltner channel, look for the blue dot.
The blue dot is the sign that the buyers have a strong grip on this market. But we can’t take our long trade since we have to take confirmation from the RSI and the Adaptive parabolic histo. The red line in the RSI curve will push above the 35 lines and it will show a buying threshold.
The Adaptive parabolic histo should blue bars. Note that the blue bar will be formed after the bullish bounce in the RSI curve. If all these parameters are met, we can execute long trade with low risk.
Short trade setup
The Keltner channel 9 resistance is your short trading zone. The bars will test the channel 9 renaissance and close below it. Take a look at the search for the red dot formation in the Keltner channel. After that, we have to wait for the overbought signal in the RSI line. The adaptive parabolic histo will also change its color to red.
At times, the histo color might be red well before the price test the Keltner channel. The reason behind continuous red bars is the existing trend. If the existing trend is bearish and the momentum is creating a series of new lows, we have a have high chance not to see any blue bars. Short the currency pair when you get the conditions right.
Trading stocks and metals
The same method can be used to trade stocks and metals. But the volatility in the stock and metal market is much higher than the currency pairs. Think about the dow jones which is often referred to as US30 in the brokers.
If you use this method to trade such a volatile asset, you have to use a wide stop loss. Usually, the stop loss is placed above the channel top and bottom. For the metal and stock trading method, you have to use a support and resistance zone to find the stop.
However, you can simplify the process by setting the stop with price action candles. So, you must learn to focus on the major candlestick pattern to trade the stock and metal market. But for taking the trades in currencies, the above-mentioned system is perfect.
Lastly, stop risking too much with the Parabolic Sar and RSI Fox Binary System For MT4 even though it will get a series of winners very often. Have faith in this system and don’t break the rules to earn more money.
Download the complete system description and the files here: