In my pervious post was a simple trading system on the
EURUSD evaluated; in this post is another trading system evaluated.
Trading
system
The trading system is the use of the Parabolic SAR indicator
as primary indicator and the MACD as a secondary indicator.
The MACD is in the post “TradingForex using the trading strategy 123 trading signals” described and the Parabolic SAR indicator is in the post
“Parabolic SAR Stop and Reverse Technical Indicator” described.
Time frame
The evaluation focuses on the charts 15 minutes, 30
minutes and 1 hour.
Note
Please note that this post is only illustrative and
the purpose is to give insight into how to trade.
Evaluation
1
The evaluation is on the EURUSD.
The charts show that the system is working well in
connection with this evaluation; the charts also illustrate that the market is
in a trend-following market condition which is the market condition the
parabolic SAR works best in.
The time frame; the trend direction the parabolic SAR
indicates; is longer in the 1 hour chart
than in the 15 and 30 minute charts which does that the 15 and 30 minute charts
are better to use than the 1 hour chart in connection to the time frame in a
trade.
The time frame in a trade on the 30 minute chart is
days; in the 15 minute chart is the time frame in a trade a day or hours.
The charts
The charts; 15 minutes, 30 minutes and 1 hour; are
illustrated in the following; trades are illustrated as long and short trades;
first is the Parabolic SAR trend evaluated and second the MACD; is the lines
crossing each other and indicating that the trend direction is changing.
Evaluation
2
The evaluation is on the NZDUSD.
The charts show that the system is working well in
connection with this evaluation; the charts also illustrate that the market is
both sideways and trend-following; the Parabolic SAR is difficult to use in a
sideways market where the currency rate is sideways.
The time frame; the trend direction the parabolic SAR
indicates; is longer in the 1 hour chart
than in the 15 and 30 minute charts which does that the 15 and 30 minute charts
are better to use than the 1 hour chart in connection to the time frame in a
trade.
The time frame in a trade on the 30 minute chart is
days; in the 15 minute chart is the time frame in a trade a day or hours.
Conclusion
In connection to this evaluation is the trading
strategy Parabolic SAR and MACD working best in a trend-following market.
The 15 minute and 30 minute charts are the best charts
to get an indicator of the trend direction as the trade is shorter than on 1
hour chart.
Note this evaluation is only illustrative and only
inspiration to traders’ thoughts.
Hi
ReplyDeleteThanks for sharing your idea of how ot trade.
I have found it much easier to trade on the higher time frames, but as we know there are several methods to do our trades, which is great.
Thanks for sharing :-)
Jonbert Davidsen
www.DavidsenConsulting.com
This comment has been removed by the author.
DeleteI rarely share my story with people, not only because it put me at the lowest point ever but because it made me a person of ridicule among family and friends. I put all I had into Binary Options ($100,000) after hearing great testimonies about this new investment
Deletestrategy. I was made to believe my investment would triple, it started good and I got returns (not up to what I had invested). Gathered more and involved a couple family members, but I didn't know I was setting myself up for the kill, in less than no time all we had put ($300,000) was gone. It almost seem I had set them up, they came at me strong and hard. After searching and looking for how to make those scums pay back, I got introduced to (Troyhermes8@gmail.com) He helped recover about 90% of my lost funds within a month.
ReplyDeleteForeign exchange stands for foreign exchange, and foreign exchange buying and selling approach exchange of 1 foreign forex with every other. It is the biggest economic marketplace of the world, however unstable and unpredictable on the equal time. In forex market there is trading of trillions on a each day foundation international. This marketplace of foreign exchange works 24 hours an afternoon with small interval of breaks on weekends. Many human beings are into this forex commercial enterprise: buyers include from huge groups and companies to individuals. This marketplace is open for all and sundry and it does now not require any kind of qualification, however you ought to have sufficient expertise and information of this marketplace with a purpose to begin forex buying and selling. Let Visit For
accurate forex signals
Forex signals
I am definitely enjoying your website. You definitely have some great insight and great stories.
ReplyDeleteforex signal service
including reasonable comments here... best trading signals
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteYou know your projects stand out of the herd. There is something special about them. It seems to me all of them are really brilliant! FXGM ZA
ReplyDelete