Parabolic Sar with BH Ergodic Scalping Strategy For MT4

Parabolic Sar with BH Ergodic Scalping Strategy For MT4

The Parabolic Sar with BH Ergodic Scalping Strategy For MT4 is a simple short term scalping strategy. As the title suggests, the Parabolic SAR and the BH Ergodic are the main technical indicators behind this trading strategy. The main basis of the Parabolic SAR with BH Ergodic forex trading system is to make use of the trends in the price action.

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Following this, traders initiate long and short positions in the markets. The use of the pivot points helps in assisting with booking profits in the markets.

There are quite a few technical indicators that are used in the Parabolic SAR with BH Ergodic forex trading system. Firstly, we have the moving averages. These are based on the 3, 6, 9 and 14 period exponential moving averages. These moving averages basically indicate how the trend is shaping up in the market.

Following the moving averages, we also have the Parabolic SAR indicator. This indicator, as you might know, plots the dots or the stop and reverse levels above or below the prices. Finally, we have the pivots indicator.

This indicator simply plots the daily and monthly pivot levels on the price chart. All the above indicators are plotted on the price chart itself.

Finally, in the sub window, we have the BH Ergodic oscillator. This is a custom oscillator and is used as timing indicator. When the Ergodic indicator makes a bullish crossover similar to that of a Stochastics oscillator, we can then initiate long positions and conversely for short positions.

The BH Ergodic oscillator move around the zero line. Thus, when we combine all the above technical indicators, we get the Parabolic SAR with BH Ergodic forex trading system. This trading system is ideal for trading on the 15 minute chart time frame or lower. Anything above this time frame is not suitable for trading.

Traders should therefor also take into the account the spreads due to the short term time frame charts that are in use.

Parabolic SAR with BH Ergodic forex trading system – Long positions




Let’s take a look at a long position example using the Parabolic SAR with BH Ergodic forex trading system. We firstly need to have a few signals lining up. Once we have this in place, we then wait for the BH Ergodic oscillator to signal the entry for the long position.

Load up the Parabolic SAR with BH Ergodic forex trading system template on to a 15 minute chart. Following this, wait for the moving averages to be bullish. This means that the shorter term moving averages must be above the longer term moving averages.

This suggests that the trend is up and we are looking for long positions. After this, we need to see the Parabolic SAR indicator plotting the levels below the price. This will suggest that the short term trend is to the upside as well.

Finally, look to the BH Ergodic oscillator to also signal a bullish move. We need to see the oscillator making a bullish crossover. When this happens, open a long position at market. Set your stop loss to the nearest Parabolic SAR level and set the stop loss a few pips below this point.
For taking profits, use the daily pivot levels as your guide. Set the take profit level to the nearest daily pivot level, which could be the immediate resistance levels that are showing on the price chart.

Parabolic SAR with BH Ergodic forex trading system – Short positions




Let’s now take a look at how you can take a short position in the markets using the Parabolic SAR with BH Ergodic forex trading system. We firstly need to have a few signals, based on the indicators in the price chart to line up. When we have this in place, we should then wait for the BH Ergodic oscillator to signal the entry for the short position.

Start by loading up the Parabolic SAR with BH Ergodic forex trading system template on to a 15 minute chart. After this, wait for the moving averages to be bearish. This means that the shorter term moving averages must be below the longer term moving averages.

It suggests that the trend is down and we are looking for the short positions. After this, we need to see the Parabolic SAR indicator plotting the levels above the price. This will indicate that the short term trend is to the downside as well.

Finally, look to the BH Ergodic oscillator to also signal a bearish move. We need to see the oscillator making a bearish crossover. When this happens, open a short position at market. Set your stop loss to the nearest Parabolic SAR level and set the stop loss a few pips above this point.

For taking profits, use the daily pivot levels as your guide. Set the take profit level to the nearest daily pivot level, which could be the immediate support levels that are showing on the price chart.

Is the Parabolic SAR with BH Ergodic forex trading system good for you?


The Parabolic SAR with BH Ergodic forex trading system looks somewhat similar to many other forex trading systems that you might have come cross. The main difference is only the use of the Ergodic oscillator. This oscillator doesn’t really give an edge in the markets.

Due to the fact that the Parabolic SAR with BH Ergodic forex trading system is used only on short term charts, many traders may not be able to use this trading strategy.

One needs to constantly keep a watch on the charts. The template that comes with this trading system is relatively easy and light weight. So you can use the Parabolic SAR with BH Ergodic forex trading system on multiple charts simultaneously. One of the drawbacks is the spreads. Therefore, confine this trading system to only the major forex currency pairs.

When setting up your trades, always pay attention to the risk to reward ratio as many times, you wont get the right set up for trading.

Download the complete system description and the files here:

FREE Parabolic Sar with BH Ergodic Scalping Strategy

Download the FREE Parabolic Sar with BH Ergodic Scalping Strategy for MT4.

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