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Forex strategy "14 EMA + SAR"

Indicators:
EMA 14 applied to high
EMA 14 applied to low
Parabolic SAR (step 0.02, 0.2)

Time frame: 1hr
Currency: any but I prefer EUR/USD

Entry: place a buy order when price closes above the 14 high and PSAR is also under the candle, while you place a sell order when price closes below the 14 low and PSAR is above the candle.

SL is 50-60pips while take profit is 60-100pips.

Re-entry could be made if prices are still under or above the channel of the 14 high and low and PSAR reverses then ligned up again in the direction of the channel.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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