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3 Simple Moving Averages Parabolic SAR Forex Trading Strategy
Written by Danny Wesel
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A strategy based on Moving Averages (MA) and Parabolic SAR. You can apply this method on all currency pairs and timeframe's from the 1 hour charts and above.
Forex Indicators: 12 period Simple Moving Average, 26 period Simple Moving Average, 52 period Simple Moving Average, Parabolic SAR (PSAR)
Timeframe's: H1, H4, Daily, Weekly
Currency Pairs: All
Trading Strategy
Buy Conditions
BUY when the 12 period SMA crosses the 26 period SMA and 52 period SMA from below, and PSAR dots below the price. Set original stop loss at the PSAR dots and trail stop up OR set stop loss below the most recent swing low and take profit at risk-to-reward 1:2.
Sell Conditions
SELL when the 12 period SMA crosses the 26 period SMA and 52 period SMA from above, and PSAR dots above the price. Set original stop loss at the PSAR dots and trail stop down OR set stop loss above the most recent swing high and take profit at risk-to-reward 1:2.
Example (EUR/USD 1 hour chart)
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