Parabolic SARS

Hello,

Does anyone out there use just Parabolic SARS for trading? I have been analyzing the .2, .3, and .4 SARS. They seem to work best between 12am (night) and 12 pm (lunch time :-) Eastern Standard Time.

Right now, I'm leaning towards a .2 or .3 SARS for GBP for this period or time on the five minute chart. Perhaps even do a Tradestation deal.

So basically here is what I'm asking.

1. Could we discuss some SARS trading strategies or methods.

2. Has anyone had success with Trade Station for an automated SARS strategy (i.e. do they have prewritten scripts etc.)? Basically tell the computer to trade the .3 SARS from midnight to noon eastern standard time.

Many Regards,
Agent 2005

The settings for mention on the 5 min chart are a good exit strategy. If I were you though, I'd use a higher time frame and a different method for my entries. It'll improve your win/loss ratio and stop you from getting chewed up. Try the 10 or 15 min charts.

Thank you SterlingTDR. I will continue my research and compare entries on the 10 and 15 versus the five alone.

Basically after trading for about a year using ADX, SARS, EMAs and Bollinger Bands and support and resistance lines that I draw, and having enough bad weeks to cancel out my good weeks, I'm going back and I'm studying each indicator. So I started with the SARS because after some brief analyses it looks like you would net a small amount over the course of a week with that indicator alone. Then I though that with Tradestation, I could "tell" ;-) my computer to trade between 12 at night and 12 noon EST while I am sleeping and at work. If it only netted an average of 10 pips a day, it would be worth it, if anything for the simplicity. I understand the power of compounding. I realize I don't like trading! I like to research something and then have the computer automate it. However since I don't make much, I don't want to sign up for it ($200 a month!!!) until I have researched it by hand first.


Regards,
Agent2005

Sterling, I remembered why I was only looking at one time frame.

On Tradestation, If I remember correctly, I think at the level I'd be able to program, it would only be in one time frame.

Agent2005

A solution to that is to adjust the settings of the indicator. In other words If you use a 20 period CCI setting on the 10 min chart, it would roughly be 40 on a 5 min chart. The setting won't be exact but they will produce very similar results.

Sounds like your into systems developement. You might check out a book called Quantitive Trading Strategies by Lars Kestner. Its excellent, very insightful and highly applicable to what you are doing. Despite the title, you don't need anything more than High School maths to follow along.

Hope this helps

You might want to check out muddbuddha's site. Think it's www.profesionalforex.com.

pipmon

Hello,


I appreciate your giving me the link. Just a note, the link didn't quite work, so I experimented a little and I believe the correct link has two s's in the word professional. www.professionalforex.com.

Thank you very much, though.

Agent2005