Parabolic Sar with Channel System | Forex Factory

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Parabolic Sar with Channel System

  • #1
  • First Post: Oct 23, 2018 4:39am Oct 23, 2018 4:39am
Just found this strategy.

https://www.forexstrategiesresources...-with-channel/

Anyone used a similar system before, and have any comments? Also does anyone know the actual name of the channel indicator used? I assume the name was altered by the person who put the system together, would like to find a .mq4 file to alter some things.
Nothing in life is to be feared, it is only to be understood.
  • #2
  • Oct 23, 2018 9:18am Oct 23, 2018 9:18am
Greetings.

No idea about this system. However if I may, I suggest that you ask yourself why you like it. You can then test it with other appropriate indicators i.e. keltner channels, bollinger bands & others. Learn price action also because you don't want to rely blindly on indicators. Reversal patterns for example.

Good luck.
who dares wins
  • #3
  • Oct 23, 2018 10:40am Oct 23, 2018 10:40am
Quoting MasterJedi
Greetings. No idea about this system. However if I may, I suggest that you ask yourself why you like it. You can then test it with other appropriate indicators i.e. keltner channels, bollinger bands & others. Learn price action also because you don't want to rely blindly on indicators. Reversal patterns for example. Good luck.
Thanks for reply, I always liked channel based strategies and thought this looked somewhat interesting, at least to look into it a bit further.

If anyone else has come across this system please share your thoughts, or if you have a mq4 file for the channel indicator that would be amazing.
Nothing in life is to be feared, it is only to be understood.
  • #4
  • Last Post: Oct 25, 2018 12:08am Oct 25, 2018 12:08am
Quoting matthew89
Just found this strategy. https://www.forexstrategiesresources...-with-channel/ Anyone used a similar system before, and have any comments? Also does anyone know the actual name of the channel indicator used? I assume the name was altered by the person who put the system together, would like to find a .mq4 file to alter some things.
It will not work. Here is simple technical psar break strategy (0.01/0.1) with tp/sl 100/100p on 5m, 15, 1h time frame on usdjpy 2012-2017, 6 years in total. Adding filtering such a Bollinger bands, Keltner channels, stochastic, multiple moving averages, whatever else ect., DOES NOT improve results significantly.

I will let you do the rest of the homework and please share results here. Will you?

5m

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15m

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Click to Enlarge Name: psar_backtest_2012_2017_usdjpy_15m.PNG Size: 76 KB


1h

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Click to Enlarge Name: psar_backtest_2012_2017_usdjpy_1h.PNG Size: 63 KB
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