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parabolic awesome system

  • #1
  • First Post: May 22, 2026 1:07pm May 22, 2026 1:07pm
Hi

its taken me a long time to figure this out but i have a very good way of timing the entry on a pullback with the trend

i use par sar , with awesome oscillator

if the dots are above the trend is down, dots below, the trend is up

entry is simple , wait on the awesome to go above the 0.001 level in a down trend to sell

awesome to go below -0.001 level for buy

if we can make an indicator that shows the awesome closing above or below 0.001 or -0.001

i am using the 15 minute tf , on majors

that's all there is to it

good luck

for a target i like 15-20 pips

stop loss above or below the dots

template attached
Attached File(s)
File Type: tpl awsome parsar.tpl   2 KB | 104 downloads
  • #2
  • May 23, 2026 12:09pm May 23, 2026 12:09pm
Hello,

So you mean like in the attached image you'd wait for the PSAR to move to above price and sell on the yellow line, because the AO hit >= +0.001? Do you wait for the AO to start reversing or just rely on the PSAR switch?

0.001 is not a universal value though, you'd have to change it for each pair. According to Gemini:

"The Underlying Problem: Raw Price Scaling - The Awesome Oscillator does not calculate percentages or relative movements. It uses a raw subtractive formula based on the asset's nominal price."

Gemini also suggested normalizing the AO by using or writing a Percentage Awesome Oscillator (PAO). Alternatively, you could determine the values for each pair and timeframe you trade and make a template for each one.

I'll look closer tomorrow at your idea, thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 76 KB
  • #3
  • May 23, 2026 12:52pm May 23, 2026 12:52pm
Congrats with 90th thread!
Air force
  • #4
  • May 23, 2026 3:56pm May 23, 2026 3:56pm
Quoting jamesagnew
Hi its taken me a long time to figure this out but i have a very good way of timing the entry on a pullback with the trend i use par sar , with awesome oscillator if the dots are above the trend is down, dots below, the trend is up entry is simple , wait on the awesome to go above the 0.001 level in a down trend to sell awesome to go below -0.001 level for buy if we can make an indicator that shows the awesome closing above or below 0.001 or -0.001 i am using the 15 minute tf , on majors that's all there is to it good luck for a target i like 15-20...
How is it working out? have you back tested with significant data ? with a computer I mean, not counting by eye
  • #5
  • May 25, 2026 11:35am May 25, 2026 11:35am
Quoting Guy.Baker
have you back tested with significant data ?

He doesn’t know how to backtest.

This is why he’s posted 90 different systems here, each asking for an EA: no way of knowing whether the first 89 contain anything that might actually work.

No reason to imagine that any could, though: they’re all just semi-random collections of indicator-based entries with almost nothing about trade-management, risk-management or in fact any of the basic essentials of a "trading system" at all.

He’s one of the (let’s be very polite, here) "super-optimistic" folk who so desperately want and need an entry-method to be the same thing as a trading system that they eventually come to believe that an entry-method actually IS the same thing as a trading system!!

Sometimes it’s hard to know whether to be amused or anguished, here, but I guess it’s all part of forum life’s rich tapestry?
  • #6
  • May 25, 2026 12:55pm May 25, 2026 12:55pm
Quoting BrokerChoker
Sometimes it’s hard to know whether to be amused or anguished, here, but I guess it’s all part of forum life’s rich tapestry?
If only people could somehow learn and grasp that the entry method is about the least important component of any trading system.

It would transform everything, for them.

Probably the most valuable thing there is for beginners to learn, yet the one to which there’s most anti-learning resistance.

Not a shock, though, I guess, when you look at the inherently commercial and promotional nature of everyone’s 'educational' sources and think about why the industry wants people to continue to believe that entries are the important building-block of a system, to secure its own long-term income.

Loads of people learn from Youtube (or think they do) without ever wondering why people who can actually trade successfully for a living are spending hundreds of hours making videos to submit to Youtube. There’s the same kind of wilful ignorance on that subject, too, and for the same reasons, really.

I’m glad you posted, anyway: at least there’s something of value in the thread, now!
  • #7
  • May 25, 2026 3:01pm May 25, 2026 3:01pm
Quoting jamesagnew
Hi its taken me a long time to figure this out but i have a very good way of timing the entry on a pullback with the trend i use par sar , with awesome oscillator if the dots are above the trend is down, dots below, the trend is up entry is simple , wait on the awesome to go above the 0.001 level in a down trend to sell awesome to go below -0.001 level for buy if we can make an indicator that shows the awesome closing above or below 0.001 or -0.001 i am using the 15 minute tf , on majors that's all there is to it good luck for a target i like 15-20...
Interesting concept. Have you considered how the wick structure affects this during volatile hours?
  • #8
  • May 25, 2026 3:46pm May 25, 2026 3:46pm
Worst of it all, these are "super" lagging indicators.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #9
  • May 25, 2026 4:12pm May 25, 2026 4:12pm
Quoting jamesagnew
Hi its taken me a long time to figure this out but i have a very good way of timing the entry on a pullback with the trend i use par sar , with awesome oscillator if the dots are above the trend is down, dots below, the trend is up entry is simple , wait on the awesome to go above the 0.001 level in a down trend to sell awesome to go below -0.001 level for buy if we can make an indicator that shows the awesome closing above or below 0.001 or -0.001 i am using the 15 minute tf , on majors that's all there is to it good luck for a target i like 15-20...
James,

Please meet jesing

https://www.forexfactory.com/thread/...-indicator-for

It takes a lot for me to IGNORE you, but you can try.
  • #10
  • May 26, 2026 7:24pm May 26, 2026 7:24pm
Quoting Erebus
{quote} James, Please meet jesing https://www.forexfactory.com/thread/...-indicator-for
  • #11
  • Last Post: May 29, 2026 11:27am May 29, 2026 11:27am
Quoting Fx Optimist
Hello, So you mean like in the attached image you'd wait for the PSAR to move to above price and sell on the yellow line, because the AO hit >= +0.001? Do you wait for the AO to start reversing or just rely on the PSAR switch? 0.001 is not a universal value though, you'd have to change it for each pair. According to Gemini: "The Underlying Problem: Raw Price Scaling - The Awesome Oscillator does not calculate percentages or relative movements. It uses a raw subtractive formula based on the asset's nominal price." Gemini also suggested normalizing...
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