Parabolic SAR strategy for day trading | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Most suitable broker for news trading 57 replies

Brokers/accounts suitable for arbitrage trading 74 replies

why the fourier transform is not suitable for trading 0 replies

Broker most suitable for swing trading 1 reply

Trading at work - which Jobs are suitable 2 replies

Attachments: Parabolic SAR strategy for day trading
Exit Attachments

Parabolic SAR strategy for day trading

  • #1
  • First Post: Dec 25, 2023 7:32am Dec 25, 2023 7:32am
Hello FF members, first of all Marry Christmas and Happy New Year in advance.

Since last few months, I have been developing a strategy where we can simply trade based on the indicators available on mt4/5. I now have come with (with many tries) which could give us profitable trade opportunities. Rules are as below:

SMA : 200
SMA : 100
Parabolic SAR : 0.01 - 0.01 (this settings makes this strategy unique)
TF : 1 hr
Major Pairs

You can watch the vides where all rules are mentioned

Inserted Video


Kindly share you experience
  • #2
  • Dec 25, 2023 4:43pm Dec 25, 2023 4:43pm
Surely you can post the "rules" here?

Please be very specific about which are the "setup rules" and which are the "trade entry & exit rules".

For me, 100 SMA and 200 SMA seem quite slow for 1-Hour trading, how did you arrive at those?

At 15:44 you say there is Buy order and Boom, good result, but the MA are not aligned as per the rules mentioned up to that point, why?

Also, that rule is used at 16:22, now it's not a Buy order due to MA not aligned; I think you need to do much back testing to prove this system.

There are many links with that video, is there an underlying Commercial purpose for driving members to YouTube?

Cheers.

It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Dec 25, 2023 10:03pm Dec 25, 2023 10:03pm
Quoting Erebus
Surely you can post the "rules" here? Please be very specific about which are the "setup rules" and which are the "trade entry & exit rules". For me, 100 SMA and 200 SMA seem quite slow for 1-Hour trading, how did you arrive at those? At 15:44 you say there is Buy order and Boom, good result, but the MA are not aligned as per the rules mentioned up to that point, why? Also, that rule is used at 16:22, now it's not a Buy order due to MA not aligned; I think you need to do much back testing to prove this system. There are many links with that video,...

I really appreciate Erebus, that due to you, I got chance to correct myself. Now I have corrected (put the correction text on video). That was not a buy setup because SMA 100 is below SMA 200.

I also removed all links my intention here is purely to share this strategy and make it more profitable if you guys have any suggestion for improvement.

Many thanks
  • #4
  • Dec 25, 2023 10:07pm Dec 25, 2023 10:07pm
Oh also forgot to answer that if we go with lower than 100 and 200 SMA, it prone to give bad trades so the main purpose is that we need to wait for right setups (sometime it may take a day or more). We can put this setup in major pairs so we get good trade setups
  • #5
  • Dec 26, 2023 2:13am Dec 26, 2023 2:13am
Quoting gharti
Oh also forgot to answer that if we go with lower than 100 and 200 SMA, it prone to give bad trades so the main purpose is that we need to wait for right setups (sometime it may take a day or more). We can put this setup in major pairs so we get good trade setups
Okay, good work, let's see what happens, but I think still a few weeks before trading gets better next year.

It takes a lot for me to IGNORE you, but you can try.
  • #6
  • Dec 26, 2023 6:43am Dec 26, 2023 6:43am
Quoting Erebus
{quote} Okay, good work, let's see what happens, but I think still a few weeks before trading gets better next year.
Yup, from next year. I also working to create and indi for this strategy where we would get notification whenever setup forms, will share here for all FF members once its done.
  • #7
  • Dec 26, 2023 11:17am Dec 26, 2023 11:17am
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 300 KB
  • #8
  • Dec 27, 2023 2:21am Dec 27, 2023 2:21am
Quoting cpfleger
{image}
Looks good
  • #9
  • Dec 28, 2023 3:49am Dec 28, 2023 3:49am
Looks interesting, look forward to to new year.
  • #10
  • Dec 28, 2023 3:16pm Dec 28, 2023 3:16pm
Indeed, quite interesting! We're looking forward to the new year
  • #11
  • Dec 31, 2023 6:36am Dec 31, 2023 6:36am
Wish you all my fellow traders (including FF team) very very happy and profitable new year 2024
Attached Image (click to enlarge)
Click to Enlarge Name: ai-generated-8440521_1280.jpg Size: 495 KB
  • #12
  • Jan 18, 2024 11:47pm Jan 18, 2024 11:47pm
Things should be picking up next week, time to trade.
  • #13
  • Feb 3, 2024 7:14am Feb 3, 2024 7:14am
Quoting gharti
{quote} Yup, from next year. I also working to create and indi for this strategy where we would get notification whenever setup forms, will share here for all FF members once its done.
Why not a robot? Seems that the strategy could be profittable using a robot.
MetaTrader 4 - so many advantages.
  • #14
  • Feb 3, 2024 7:33am Feb 3, 2024 7:33am
Very nice strategy. A fine example how you can twist impossible indicators to actually become profitable using totally out in the wood parameters.

About exit. It could be another PSAR with the parametes 0.02 / 0.05. I have not played with the settings. Just an idea.
MetaTrader 4 - so many advantages.
  • #15
  • Feb 5, 2024 2:29am Feb 5, 2024 2:29am
Quoting RiskFighter
Very nice strategy. A fine example how you can twist impossible indicators to actually become profitable using totally out in the wood parameters. About exit. It could be another PSAR with the parametes 0.02 / 0.05. I have played with the settings. Just an idea.
When using the PSAR indicator for exit strategy, it is crucial to consider the overall trend and the movement of the dots. The PSAR indicator generates buy or sell signals when the dots move from one side of the asset's price to the other. For example, a buy signal occurs when the dots move from above the price to below the price, while a sell signal occurs when the dots move from below the price to above the price.
  • #16
  • Feb 5, 2024 12:21pm Feb 5, 2024 12:21pm
Quoting Hamadian
{quote}When using the PSAR indicator for exit strategy, it is crucial to consider the overall trend and the movement of the dots. The PSAR indicator generates buy or sell signals when the dots move from one side of the asset's price to the other. For example, a buy signal occurs when the dots move from above the price to below the price, while a sell signal occurs when the dots move from below the price to above the price.
Hello Ham, and welcome to this wonderfull universe.

See the red diamond after my profile name. That means that I am in the High Impact here at FF. In the top 2%. And that means also, that I know an awfull lot about trading :-) I think I programmed my first PSAR tradingrobot 5 years ago.

Just so you know. It is very perfect that you attend the debate but try not to teach people with a diamond mark about normalities.

Plese take this in a good manor. I don't mean any harm.

So have you any favorit trading strategy?
MetaTrader 4 - so many advantages.
  • #17
  • Feb 5, 2024 12:25pm Feb 5, 2024 12:25pm
Quoting Hamadian
{quote}When using the PSAR indicator for exit strategy, it is crucial to consider the overall trend and the movement of the dots. The PSAR indicator generates buy or sell signals when the dots move from one side of the asset's price to the other. For example, a buy signal occurs when the dots move from above the price to below the price, while a sell signal occurs when the dots move from below the price to above the price.
And by the way. I think this setup is very good. The 2 SMA'a work perfect with the SAR. And the SAR setting is very unique. That is the new in this concept.
MetaTrader 4 - so many advantages.
  • #18
  • Feb 5, 2024 10:34pm Feb 5, 2024 10:34pm
Guys. I made the robot. And I tested. And this is total lottery.

The MT4 test suggest only use one MA. Value at least 200 SMA. Sometimes 300SMA. I have not tested EMA. SAR step 0.01. SAR max is very different at different valutas.

Draw Downs vary a lot. I suggest trailing the stop and make break even as soon as possible.

I will play a little with real money - 1 microlot.

But still - I find it risky. But might pay off.
MetaTrader 4 - so many advantages.
  • #19
  • Feb 8, 2024 3:53am Feb 8, 2024 3:53am
Quoting gharti
Hello FF members, first of all Marry Christmas and Happy New Year in advance. Since last few months, I have been developing a strategy where we can simply trade based on the indicators available on mt4/5. I now have come with (with many tries) which could give us profitable trade opportunities. Rules are as below: SMA : 200 SMA : 100 Parabolic SAR : 0.01 - 0.01 (this settings makes this strategy unique) TF : 1 hr Major Pairs You can watch the vides where all rules are mentioned https://youtu.be/ZZR93gwpY3Q Kindly share you experience
Hi gharti please don't close away this thread and don't forget you promised to create a sort of informer or dashboard that will alert if a pair is eligible to trade based on the direction of the parabolic sar and the 2sma this new year please please.
  • #20
  • Feb 8, 2024 4:03am Feb 8, 2024 4:03am
Quoting gharti
{quote} Yup, from next year. I also working to create and indi for this strategy where we would get notification whenever setup forms, will share here for all FF members once its done.
I believe the indicator for notification is getting ready can't wait to see it in action
0 traders viewing now