Powerful MT4 Parabolic SAR Forex Trading System Review | Free Download
Parabolic SAR Forex Trading System for MT4
Preface to the Parabolic SAR Forex Trading System
The Parabolic SAR Forex Trading System is a channel strategy with Parabolic SAR blotches for entries. It’s supported by 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’s displayed directly on the main trading chart and in one window placed below it. The dereliction settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your particular preferences.
How to trade with the Parabolic SAR Forex Trading System
The Parabolic SAR Forex Trading Strategy consists of three main pointers, which are the following:
The Parabolic SAR index provides “ Stop and Reverse” dots that are aligned below/ above price. Trades are started by a switch of these Parabolic SAR dots
This is the channel index with red lines. These lines define profit targets. There’s also a brown middle- line.
It’s a trend-direction sludge. It has 4 rows of blue/ red dots. Immaculately, they all should be blue for a buy trade or red for a sell trade.
Follow this way for a long trade
The Channel pitch is overhead
Price touches the lower band of the Bescar 01
Parabolic SAR dots switch to below price (blue dots)
Escalda dotes turned blue (not obligatory)
Buy trade is started after the above conditions are met
Set stop-loss a quite pips below the Parabolic SAR fleck at the driving candle
Take profit or exit trade whenever the price hits the contrary band of the channel or use your own favored system of trade exit
Follow this way for a short trade
The Channel pitch is down
Price touches the upper band of the Bescar 01
Parabolic SAR dots switch to below price (red dots)
Escalda dots are blue (not obligatory)
Sell trade is started after the above conditions are met
Set stop-loss some pips above the Parabolic SAR fleck at the driving candle
Take profit or exit trade whenever the price hits the opposite band of the channel or use your own favored system of trade exit
As always, to achieve good results, remember about proper plutocrat operation. To be a profitable trader you need to master discipline, feelings, and psychology. It’s pivotal to know when to trade, but also when not to trade. Avoid trading during inimical times and request conditions like low volume/ volatility conditions, beyond major sessions, fantastic currency dyads, wider spread, etc.
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 go as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Furthermore, to run the Parabolic SAR Forex Trading System you 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.
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:
This system is for MT4 only?
Yes, this system works on MT4 platform only