The trading strategy of the Pro Parabolic Blau Balance System is based on a successful combination of two custom indicators: Pro Parabolic Sar and Forex Blau Balance Indicator. In this strategy, both indicators complement each other perfectly. This trading strategy is better to use on large time frames and in the direction of the current trend. Remember that the trend is your friend.
Characteristics of the trading strategy Pro Parabolic Blau Balance System .
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: M30 and above.
- Hours: around the clock.
- Broker: Fort Financial Services , RoboForex , Forex4you, InstaForex
Used indicators and their parameters:
Pro Parabolic SAR is a modification of the standard popular trend indicator for MetaTrader 4 called Parabolic SAR . Unlike the classic Pro Parabolic SAR indicator, it is displayed at the bottom of the chart with vertical lines, the color of which depends on the direction of the trend. The color change of the indicator is duplicated by the arrows of the same color on the price chart. In this strategy, only the arrows of the Pro Parabolic SAR indicator are used as signals. We leave the default settings.
Forex Blau Balance is an indicator in the form of an oscillator , which is located in the lower window of the chart. This indicator is suitable for trading on any assets and on any timeframes. The signals of the Forex Blau Balance indicator do not repaint or disappear. The default options.
You can download the indicators and the Pro Parabolic Blau Balance System trading strategy template at the end of the article.
Trading Strategy Pro Parabolic Blau Balance System . Trading Rules.
Entry conditions for a long position.
1. The green arrow of the Pro Parabolic SAR indicator appears on the chart. This suggests that the direction of the trend is changing from bearish to bullish and is a buy signal.
2. In the lower window of the chart, a green dot of the Forex Blau Balance indicator appears, which indicates a trend change to an upward one.
Only when these two conditions are met, do we open a buy position. The signals of the Forex Blau Balance indicator confirm the signals of the Pro Parabolic SAR.
Stop loss is set a few points below the nearest minimum.
Take Profit . We close the position when the opposite sell signal appears. Another option: use the ratio of risk to profit. For example, if the stop loss is 15 points, then take profit is set to 30 points.
Entry conditions for a short position.
1. The red arrow of the Pro Parabolic SAR indicator appears on the chart. This suggests that the direction of the trend is changing from bullish to bearish and is a signal to sell.
2. In the bottom window of the chart, a red dot of the Forex Blau Balance indicator appears, which indicates a change in the trend to a downtrend.
Only if these two conditions are met, do we open a sell position
Stop loss is set a few points above the nearest maximum.
Take Profit . We close the position when the opposite buy signal appears. Or we also use the ratio of risk to profit.
Characteristics of the trading strategy Pro Parabolic Blau Balance System .
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: M30 and above.
- Hours: around the clock.
- Broker: Fort Financial Services , RoboForex , Forex4you, InstaForex
Used indicators and their parameters:
Pro Parabolic SAR is a modification of the standard popular trend indicator for MetaTrader 4 called Parabolic SAR . Unlike the classic Pro Parabolic SAR indicator, it is displayed at the bottom of the chart with vertical lines, the color of which depends on the direction of the trend. The color change of the indicator is duplicated by the arrows of the same color on the price chart. In this strategy, only the arrows of the Pro Parabolic SAR indicator are used as signals. We leave the default settings.
Forex Blau Balance is an indicator in the form of an oscillator , which is located in the lower window of the chart. This indicator is suitable for trading on any assets and on any timeframes. The signals of the Forex Blau Balance indicator do not repaint or disappear. The default options.
You can download the indicators and the Pro Parabolic Blau Balance System trading strategy template at the end of the article.
Entry conditions for a long position.
1. The green arrow of the Pro Parabolic SAR indicator appears on the chart. This suggests that the direction of the trend is changing from bearish to bullish and is a buy signal.
2. In the lower window of the chart, a green dot of the Forex Blau Balance indicator appears, which indicates a trend change to an upward one.
Only when these two conditions are met, do we open a buy position. The signals of the Forex Blau Balance indicator confirm the signals of the Pro Parabolic SAR.
Stop loss is set a few points below the nearest minimum.
Take Profit . We close the position when the opposite sell signal appears. Another option: use the ratio of risk to profit. For example, if the stop loss is 15 points, then take profit is set to 30 points.
Entry conditions for a short position.
1. The red arrow of the Pro Parabolic SAR indicator appears on the chart. This suggests that the direction of the trend is changing from bullish to bearish and is a signal to sell.
2. In the bottom window of the chart, a red dot of the Forex Blau Balance indicator appears, which indicates a change in the trend to a downtrend.
Only if these two conditions are met, do we open a sell position
Stop loss is set a few points above the nearest maximum.
Take Profit . We close the position when the opposite buy signal appears. Or we also use the ratio of risk to profit.
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