Hi guys,
I've been trading this technique for 3 months now and have been doing quite well. If any of you guys have any suggestion to make this system even better, do post and contribute to this thread.
The system I've been using is very very simple.
The time frame I use is the 5 minutes chart.
Indicator I use is:
(1) Parabolic SAR (Step 0.03 & Maximum 0.3)
(2) Heiken Ashi
Those are the only two indicators I've used
Trading rule:
(1) If the bar is moving above the Parabolic SAR, I look for buy. I wait for the bar to go from white to red. While the the bar is at red, I place a market order at the top of the bar. i keep the moving down the order on the next bar until either my order is hit or the Parabolic SAR move from bottom to the top.
(2) If my limit order is hit, my stop lost is the Parabolic SAR and that stop lost move with the Parabolic SAR. My profit should be either equal or more then the risk that I take.
Since it's a very simple system, anybody willing to automate this system?
I've been trading this technique for 3 months now and have been doing quite well. If any of you guys have any suggestion to make this system even better, do post and contribute to this thread.
The system I've been using is very very simple.
The time frame I use is the 5 minutes chart.
Indicator I use is:
(1) Parabolic SAR (Step 0.03 & Maximum 0.3)
(2) Heiken Ashi
Those are the only two indicators I've used
Trading rule:
(1) If the bar is moving above the Parabolic SAR, I look for buy. I wait for the bar to go from white to red. While the the bar is at red, I place a market order at the top of the bar. i keep the moving down the order on the next bar until either my order is hit or the Parabolic SAR move from bottom to the top.
(2) If my limit order is hit, my stop lost is the Parabolic SAR and that stop lost move with the Parabolic SAR. My profit should be either equal or more then the risk that I take.
Since it's a very simple system, anybody willing to automate this system?
Attached Image (click to enlarge)
