Parabolic SAR Forex Trading System for MT4

Introduction to the Parabolic SAR Forex Trading System

The Parabolic SAR Forex Trading System is a channel strategy with Parabolic SAR dots for entries. It’s supported with the Escalda Indicator to filter a trend direction. That forex strategy utilizes a swing trading approach, but in direction of an overall trend.

The Parabolic SAR Forex Trading System fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart and in one window placed below it. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to trade with the Parabolic SAR Forex Trading System

The Parabolic SAR Forex Trading Strategy consists of a three main indicators, which are the following:

  • Parabolic SAR: the Parabolic SAR indicator provides “Stop and Reverse” dots that are aligned above/below price. Trades are triggered by a switch of these Parabolic SAR dots.
  • Besar 01: this is the channel indicator with red bands. These bands define take profit targets. There is also a gray middle-line.
  • Escalda: it is a trend-direction filter. It has 4 rows of blue/red dots. Ideally, they all should be blue for a buy trade or red for a sell trade.

Buy Signal

Follow these steps for a long trade:

  • Channel slope is upwards
  • Price touches lower band of the Bescar 01
  • Parabolic SAR dots switch to below price (blue dots)
  • Escalda dots are blue (not mandatory)
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the Parabolic SAR dot at the triggering candle
  • Take profit or exit trade whenever the price hits opposite band of the channel or use your own preferred method of trade exit

Parabolic SAR Forex Trading System Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

  • Channel slope is downwards
  • Price touches upper band of the Bescar 01
  • Parabolic SAR dots switch to above price (red dots)
  • Escalda dots are blue (not mandatory)
  • Sell trade is triggered after the above conditions are met
  • Set stop loss a few pips above the Parabolic SAR dot at the triggering candle
  • Take profit or exit trade whenever the price hits opposite band of the channel or use your own preferred method of trade exit

Parabolic SAR Forex Trading System Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Parabolic SAR Forex Trading System in MetaTrader (MT4)?

Installation Guide

Download the Parabolic SAR Forex Trading System.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the Parabolic SAR Forex Trading System into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the Parabolic SAR Forex Trading Systemyou need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the Parabolic SAR Forex Trading System.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The Parabolic SAR Forex Trading System is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Download Free MT4 Parabolic SAR Forex Trading System

To download the Parabolic SAR Forex Trading System for Metatrader 4 (MT4) for free just click the button below:

Parabolic SAR Forex Trading System Free Download


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