Parabolic SAR TMA MT4 Indicator is a NON-Repaint indicator system that gives easy-to-use buy/sell signals. This set-up will best suit Scalpers and Binary traders. Parabolic SAR TMA Strategy is a trend reversal strategy suitable for trading in the forex and with binary options high/low.
The main feature of this strategy is the synergy between the Parabolic Sar and the TMA Bands, the operations are generated when the price comes out of the bands and there is a change of direction of the SAR Parabolic. To trade with binary options we recommend the 1 min or 5 min time frame. Expiration time of 5 candles(5 minutes) for 1-minute timeframe and for 5 minute timeframe expiration time of 2-3 candles(10-15 minutes)
Parabolic SAR indicator can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
You can set the Parabolic SAR trading strategy to send you a signal alert via Mobile Notification, Email, or platform pop-ups. This is helpful as it means you do not need to stare at the charts all day waiting for signals to appear, and you can monitor multiple charts all at once.
Parabolic SAR strategy can be used on any Forex currency pair and other assets such as commodities, Cryptos, Binary Options, Stock Market, Indices and etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 1-Hour charts. It works best on M1 and M5 timeframes.
This MT4 Indicator System Trading rules
For Scalping, it works great on M1 and M5 timeframes. But you can use it on any. To trade with Binary options we recommend the 1 min or 5 min time frame. Expiration time of 5 candles(5 minutes) for 1-minute timeframe and for 5 minute timeframe expiration time of 2-3 candles(10-15 minutes)
Buy or Call
- Price close out of the lower TMA band or touches the band.
- Heiken Ashi Trend changes in green color.
- Aqua dot of Parabolic Sar.
- When these conditions occurred, open a long position.
Sell or Put
- Price close out of the upper TMA band or touches the band.
- Heiken Ashi Trend changes in red color.
- Pink red of Parabolic Sar.
- When these conditions occurred, open a short position.
- Exit when Parabolic Sar Changes direction or at the levels of TMA, or with a predefined profit target with a minimum ratio stop loss of 1:1.
- Initial stop loss below/above the previous swing high/low.
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