Simple PSAR/Fractal Break Out Strategy

hey neurus...we use the horizontal lines...green for long and red for short. Blue for s/l

the green vertical line is just to see how things line up

nice trade....i really think i can make a lot of money trading this system.

Take profit is an issue, I was thinking today that I should just t/p at 10+ pips because i usually get 3 trades for london on eurusd and then use a reverse fractal technique for gbpjpy and gbpusd M30, and also do 10 pips (or a few more).

I think i could get way more than that no problem, but today at lest 3x, I should have taken 10 pips instead of 1 pip or my one trade in a loss.

I think 50 pips should be easy to day and with a 2% risk, that should give us at least 3% profit per day.

Of course, there are those times when price will break out fast and it would be better to hold that position.

just some thoughts.....

Magictrader..............how do you get the Fractals to appear as a dotted line? It's a great visual aid, or is it just magic! Thanks.

orientos, maybe you can try this one

I am testing your system. I am only interested in making 10 pips either on eur/usd 30M or gbp/usd 30m

Sorsurus - thanks, that does the trick.

okay.....but you will miss a lot of pips

kind of a tight ranging market. I would suggest waiting for a fractal to form inside the psar before jumping in

I'm still trying it on demo acc, and here it is another nice entry:
(it could by more then 10 pips, but We never now before it happen.

Nice to see you again Orientos.

IMO....EA's never work long time and PSAR is definitely not the indi for charts 4 hrs and higher. PSAR is too delayed on higher time frames unless shifts turn back while in the same direction. Those trades are good....but price action against the PSAR are always missed or too late.

Try Psar values 0.1 ,0.1
it should help with price action on higher time frames as well as lower frames.
Plenty pips to you!