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4hr Parabolic sar working well

  • #21
  • Apr 12, 2007 5:15pm Apr 12, 2007 5:15pm
Thanks for the input I will look into this advise for sure. Dave
Quoting Clansman
Maybe adding a RSI or Stochastic to your chart, would give the added support to the PSAR.

Scrat has had success with using a PSAR and RSI (set to 5) as part of his 15M TF system. http://www.forexfactory.com/showthread.php?t=22875

Spudfyre has a great thread on the use of Stochastics. http://www.forexfactory.com/showthread.php?t=22105

Regards,
Clansman
  • #22
  • Apr 13, 2007 5:27am Apr 13, 2007 5:27am
Just make sure you use PSAR only for trending markets and only in the direction of the trend, because the chop beats the crap out of the PSAR. If you're an indicator-based trader, toss in a trend-related one such as ADX and a couple of MAs.
  • #23
  • Apr 13, 2007 7:28am Apr 13, 2007 7:28am
Will look into that.
  • #24
  • Apr 13, 2007 7:59am Apr 13, 2007 7:59am
I like The Pars the most, ok., i check 52 ma and 200ma first, dailly and weekly chart, then its the Pars that convince me to enter the market,...even if 4h, 8h, 30min. charts are saying dont do it,...i do it...lol.....

so for me it is The indicator to enter and exit a trade,...to define TP, i use fibo....i could trade wit this indicator only...
its just money
  • #25
  • Apr 13, 2007 1:48pm Apr 13, 2007 1:48pm
Ok system is working well with added filters, notice the new psar signal, the first one closed at a sell position but the second one did not open below the 14 sma, this was a false sugnal, the new candle has to open below the 14 day sma to be a valid short.
Attached Image (click to enlarge)
Click to Enlarge Name: ricks.jpg Size: 87 KB
  • #26
  • Apr 16, 2007 7:46am Apr 16, 2007 7:46am
Backtested until aug of 2006, very promising results, currently up 200 pips during live account.

Dave
  • #27
  • Apr 18, 2007 9:15am Apr 18, 2007 9:15am
I have been so excited about this method, I went ahead and tried it on the usd/jpn and I received a signal to sell at 118.93 and am currently up 80 pips. Still waiting for a sell signal with the gbp/usd.
  • #28
  • Apr 20, 2007 7:36am Apr 20, 2007 7:36am
Made another 30 pips on the selling of the gbp/usd, I am currently looking at other currencies with this system, it looks promising.
  • #29
  • Apr 20, 2007 9:41am Apr 20, 2007 9:41am
My advice, do not continue adding filters or changing the parameters of your system. First get really used to whatever you are using and then, after you're comfortable with it, if you really feel that adding a filter will help, do so. Most traders keep doing what they do, adjusting, adding, filtering, and most keep loosing. so it does not seem like the right way to go.

Best regards,

Vlad
  • #30
  • Apr 20, 2007 9:57am Apr 20, 2007 9:57am
Thank you I appreciate the advise

David
Quoting zek132
My advice, do not continue adding filters or changing the parameters of your system. First get really used to whatever you are using and then, after you're comfortable with it, if you really feel that adding a filter will help, do so. Most traders keep doing what they do, adjusting, adding, filtering, and most keep loosing. so it does not seem like the right way to go.

Best regards,

Vlad
  • #31
  • Apr 20, 2007 10:21am Apr 20, 2007 10:21am
Could you please summarize your method in one file (like vegas does) or put it under one post. All the scenario, entry, exit, stop loss criteria. Summarize all then put it the picture. This is due to you add filter already and also receiving some feedback from us.

Anyway good luck for your PSAR method. Happy trading and well prosper.
  • #32
  • Apr 20, 2007 10:23am Apr 20, 2007 10:23am
Quoting davpaula
Made another 30 pips on the selling of the gbp/usd, I am currently looking at other currencies with this system, it looks promising.
Great going!

Could you summarize your current setup? What SAR Settings do you like.

Check out EUR/JPY & GBP/JPY for nice trending (lately)!


FXS
  • #33
  • Apr 20, 2007 11:33am Apr 20, 2007 11:33am
I use the psar settings on metatrader, I didn't alter them, I added a sma of 14 and my startegy is very simple I set a 4 hr time frame ont eh gbp/usd, once the psar shows a buy or a sell I enter only if the candle has closed either above or below the sma depending on whether I am buying or selling, I attached an example of the recent trade I did, once in the trade I set levels for profit at 20 pips, then 40 then 60, so on and so forth, I wish I had a better exit startegy. I have been studying other currencies but I havent done a thorough back test but it looks like the startegy works well with all currencies.

David
Quoting FXSurfer
Great going!

Could you summarize your current setup? What SAR Settings do you like.

Check out EUR/JPY & GBP/JPY for nice trending (lately)!


FXS
  • #34
  • Apr 20, 2007 11:36am Apr 20, 2007 11:36am
Hi David,

I'd just like to add my congratulations mate - looks like you've come up with a method that suits your trading style - Well Done

Kind Regards
Steve
  • #35
  • Apr 20, 2007 11:57am Apr 20, 2007 11:57am
Sorry here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 81 KB
  • #36
  • Apr 20, 2007 11:58am Apr 20, 2007 11:58am
I really appreciate that. I have always admired your commitment to your method, and I have learned alot from you on how you manage your system, I hope and pray for success for you and all of us.

David
Quoting steviet
Hi David,

I'd just like to add my congratulations mate - looks like you've come up with a method that suits your trading style - Well Done

Kind Regards
Steve
  • #37
  • Sep 11, 2009 8:57pm Sep 11, 2009 8:57pm
Quoting forexdanofsa
Sorry here is the chart

Hello,

I just started learning about PSAR. Could you tell me what is the line over AO indicator and where the dots suppose to be in relation to a candles for long/short trades?

Thanks
  • #38
  • Last Post: Sep 12, 2009 10:47pm Sep 12, 2009 10:47pm
Quoting forex4me
Hello,

I just started learning about PSAR. Could you tell me what is the line over AO indicator and where the dots suppose to be in relation to a candles for long/short trades?

Thanks
Hello forex4me,

It is more than 2 years since the previous post, so I will answer one of your questions.

The indicator in the lower panel is actually the AC.(Accellerator Oscillator)
The line on it is an MA,2period. Most likely to be Simple MA, as that is the type used on the price bars,(SMA14)

Perhaps you have by now found the other answers you need. If not, just read through the thread. All is explained there.

Anyhow, thanks for opening up this thread again. I have enjoyed it too. Also, it being only 3 pages was another plus.

Kind regards
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