The Pro Parabolic Sar Trading strategy is a trend-following system using two indicators: the Pro Parabolic Sar and the Blau indicator.
Pro Parabolic Sar System Overview
The strategy involves opening a long position when both indicators show a green signal and exiting the position when either indicator changes direction. A short position is opened when both indicators show a red signal.
The strategy uses a target profit of 1.1 stop loss ratio and the initial stop loss is placed either below the green arrow for a long position or above the red arrow for a short position. The strategy can be used with major and minor currency pairs on any time frame.
Pro Parabolic Sar System Explanation
The Pro Parabolic Sar system uses a chart to visually display the signals generated by the two indicators, the Pro Parabolic Sar and the Blau indicator.
A green dot and green arrow on the chart indicate a long signal, signaling that the trader should enter a long position.
A red dot and red arrow on the chart indicate a short signal, signaling that the trader should enter a short position.
Pro Parabolic Sar System: Buy Conditions
- A buy signal occurs when both the Pro Parabolic Sar and Blau indicator show a long signal on the chart
- The long signal is indicated by a green dot on the Blau indicator and a green arrow on the Pro Parabolic Sar
- The initial stop loss should be placed below the green arrow of the Pro Parabolic Sar
Also Read: Free Download RoboFx Forex Trading System
Pro Parabolic Sar System: Sell Conditions
- A sell signal occurs when both the Pro Parabolic Sar and Blau indicator show a short signal on the chart
- The short signal is indicated by a red dot on the Blau indicator and a red arrow on the Pro Parabolic Sar
- The initial stop loss should be placed above the red arrow of the Pro Parabolic Sar
