Parabolic SAR pullback strategy | Forex Factory

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Parabolic SAR pullback strategy

  • #1
  • First Post: Oct 17, 2023 1:06pm Oct 17, 2023 1:06pm
Hi my friends here in FF.
I always loved parabolic SAR and I believe it is really powerful. but because it always reverses it's not a good idea to trade any signal given.
My idea is to find the trend and then wait for a sar signal in the direction.
the idea:
For short smoothed moving average of 21,50,200 should line up. for long it is the reversed.
enter in the close of the signal candle.
- Suggested time-frame: 3m
3m is really good. not as fast as 1m and not slow as 5m.
- Suggested pair/instrument: US30
Dow jones index is something that really trends and is a good choice. trade it in NY session of course. DO NOT trade gold with this. gold is more complex to be traded like this
- TP, SL
This is where I really want to improve it. I use tp=50 points(1$ = 1 point us30), sl = 25 points. but using ATR seems good. maybe someone should give it a try.
R:R of 2 is really useful here otherwise I doubt if it can works...
Why I'm publishing this: maybe together we can improve it and write ea to test it.
Here is my manual backtest about ~40 trades:
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Trend following
  • #2
  • Oct 17, 2023 1:31pm Oct 17, 2023 1:31pm
Quoting mehantrader
Hi my friends here in FF. I always loved parabolic SAR and I believe it is really powerful. but because it always reverses it's not a good idea to trade any signal given. My idea is to find the trend and then wait for a sar signal in the direction. the idea: For short smoothed moving average of 21,50,200 should line up. for long it is the reversed. enter in the close of the signal candle. - Suggested time-frame: 3m 3m is really good. not as fast as 1m and not slow as 5m. - Suggested pair/instrument: US30 Dow jones index is something that really...
Nice .
""DO NOT trade gold with this. gold is more complex to be traded like this""
Pretty Much Agree with This , Indicator's aren't Too much Good on GOLD .
Those who dare to fail miserably can achieve greatly.” ~ John F. Kennedy.
  • #3
  • Oct 18, 2023 12:02pm Oct 18, 2023 12:02pm
Hi again
This is a winning trade as you can see for yesterday which I took on demo too.
This system is not "holy grail" - actually please go out of this thread if you believe there is 100% system - but profitable.
Indicators are of course lagging and slow. everybody knows that. but I believe with risk management and patience you can be profitable.
If you have question please ask.
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Trend following
  • #4
  • Oct 18, 2023 12:20pm Oct 18, 2023 12:20pm
bro just signed up to see this.
18% profit is decent really.
what is the SAR settings?
  • #5
  • Oct 18, 2023 12:28pm Oct 18, 2023 12:28pm
Quoting dude1234
bro just signed up to see this. 18% profit is decent really. what is the SAR settings?
Hey, It's 0.02 and 0.05. The original one is too fast I needed something with less pace.
Trend following
  • #6
  • Oct 18, 2023 1:17pm Oct 18, 2023 1:17pm
Today trades: 3 losers 2 winner. might be funny but it's still 1% profit for the day(The R:R is important right?)
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Trend following
  • #7
  • Oct 20, 2023 11:07am Oct 20, 2023 11:07am
yesterday was a choppy day and fortunately I got no signal.
Today for now i have got 2 losers one winner(no profit or loss)
but one of them was this, boy just needed 3 points for tp...
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Trend following
  • #8
  • Edited 11:25am Oct 20, 2023 11:14am | Edited 11:25am
lets see how it does:

update: SL but hopefully i got out soon with -25 it was A 60 point candle bro...
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Trend following
  • #9
  • Oct 24, 2023 7:58am Oct 24, 2023 7:58am
Breakeven for yesterday with 3 trades.
I am really excited about this system because in this two recent weeks despite having two very bad days(-4 and -6 percents in one day) it's not in loss. I mean although it didn't had luck we're just in 0% loss
Trend following
  • #10
  • Oct 24, 2023 2:50pm Oct 24, 2023 2:50pm
Quoting mehantrader
Breakeven for yesterday with 3 trades. I am really excited about this system because in this two recent weeks despite having two very bad days(-4 and -6 percents in one day) it's not in loss. I mean although it didn't had luck we're just in 0% loss
10% down. Too much DD in 2 days. In real live trading, you would not be able to place another trade because of Fear. Stick with this technique but try to minimize losses to 2, 2.5% per day.
  • #11
  • Oct 25, 2023 7:02am Oct 25, 2023 7:02am
Quoting driven18
{quote} 10% down. Too much DD in 2 days. In real live trading, you would not be able to place another trade because of Fear. Stick with this technique but try to minimize losses to 2, 2.5% per day.
I agree with the fact that the dd is too much. But I dont think 2 percent per day will solve it. Because with just 1 winning trade you can breakeven the day. Maybe 4% is better to do the the job. Anyway i guess we need an ea to test this.
Trend following
  • #12
  • Oct 28, 2023 2:23pm Oct 28, 2023 2:23pm
Hi, I liked the strategy.
I didn't understand the entry and exit points, could you explain it to me?
  • #13
  • Oct 30, 2023 1:34pm Oct 30, 2023 1:34pm
Quoting Icarx
Hi, I liked the strategy. I didn't understand the entry and exit points, could you explain it to me?
Hi there so for entry:
Buy when:
smoothed moving average of 21 > smoothed moving average of 50 > smoothed moving average of 200.
price upper than smoothed of 200.
Parabolic sar (0.02,0.05) giving a buy signal.
Sell when:
smoothed moving average of 21 < smoothed moving average of 50 < smoothed moving average of 200.
price less than smoothed of 200.
Parabolic sar (0.02,0.05) giving a sell signal.
I usually trade from 12 UTC to 19 UTC.
Exit:
Take-profit=50 points
stop-loss: 25 points
Trend following
  • #14
  • Oct 30, 2023 1:36pm Oct 30, 2023 1:36pm
Results for 10/30:
2 winner 2 losers(2% up)
The results of this month is not nice as the last one but I will publish them at Friday here.
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Trend following
  • #15
  • Oct 30, 2023 9:40pm Oct 30, 2023 9:40pm
I really like using psar, hope you will continue update the results
  • #16
  • Nov 1, 2023 12:05pm Nov 1, 2023 12:05pm
Something strange happened today:
I opened this trade on my demo account with spread of 2 points. I thought it hit the SL but no way it's TP! I guess it's just because broker price difference with trading view.
P.S: You might ask why did you opened a trade just before the news(17:30 utc+3.5). I believe that the market has predicted the economical calendar stuff way before it. So nothing actually changes during it. just some more volatility.
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Trend following
  • #17
  • Nov 1, 2023 12:17pm Nov 1, 2023 12:17pm
currently in this trade:
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Trend following
  • #18
  • Nov 1, 2023 2:46pm Nov 1, 2023 2:46pm
Today's result(4 winner 1 losers) --> 7% profit XD

I personally won't trade the 4th one(which actually was a winner) cause the signal candle was just in the news release(not for example 3 or 6 minutes before like the 1st trade) so I maybe couldn't not place my SL just in time and oops 6% loss for instance.
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Trend following
  • #19
  • Nov 4, 2023 12:10pm Nov 4, 2023 12:10pm
Hi guys as i said: stats for this month.
really good definitely having an edge. The last week was insane lots of trends and lots of TPs hit. before last week the win-rate wasn't really good but just some trending days and boom!
and of course you can find some days with massive trends each month. maybe will go to get a prop firm one or two months later - my own money is for my gold simple price action system.
Have a nice weekend!
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Trend following
  • #20
  • Nov 4, 2023 12:55pm Nov 4, 2023 12:55pm
Hello! There is another one similar to yours. Which of them is better?
https://www.forexfactory.com/thread/...imple-strategy.

The problem is that in NY sessions often the price is so explosive that Parabolic Sar is too delate. Better is to work after 17:00 with your own broker or during the LO session.

For those who can't work on 3 min, I suggest M1 - M5 and SWMA 144 and 89. PSar 0.02-0.05.

To use MA you have to understand their behavior: when the price is near or touching them with a clear tendency it is good. When the price is far away the price can easily come back.

Excuse me if I have gone away a little from your topic. Good luck!
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