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Scalping with use of Parabolic Sar and Commodities Channel Index

  • Writer: Charles David
    Charles David
  • Nov 1, 2016
  • 1 min read

​This strategy is based on Parabolic Sar and Commodities Channel Index indicators. That's an impulse scalping strategy founded on the current price trend.

Tools: EURUSD, AUDUSD, GBPUSD.

Тime-frames: M1, M5.

Indicators:

EMA50  on M1 time-frame

EMA21 on M5 time-frame

CCI (45).

Parabolic Sar (0.02, 0.2)

Long positions should be opened when the point of the Parabolic Sar indicator is located above the EMA's line and the value of the CCI indicator is more than 100.

Short positions should be opened when the point of the Parabolic Sar indicator is located below the EMA's line and the value of the CCI indicator is less than 100.

Exit point:

Target: EURUSD (7-12 points), AUDUSD (5-8 points), GBPUSD (7-15 points).

Stop Loss level should be placed at the EMA level.


Buy


Sell



 
 
 

Comments


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