There you Go!
Parabolic 4cNK can be found here:
Thanks. So you only trade in the direction of the sar. But what is the entry for those longs -- a break of the green arrow to the left of it? And what's your rule for exits?
This should explain it.
Please remember that this is only the way I trade the system. It may be right, but it could also be very wrong. I believe it was originally a counter trend trader.
It works for me, & thats really all that concerns me!
Anything else I can help with...feel free.
Thanks, that's what I thought you were doing. It looks like you would have had a nice run of winners in the long move down the last few weeks. The most recent candles are kinda tight though, so might have had a loss in there.
Not really. I didn't trade them, but if I had I would have moved to using a TP.
If I ever trade a counter trend - which is rare! - I always use a TP.
If you check them again you will see that a 25pip Tp would have been fine. You could infact have been bolder with the TP.
As I say...it's a great system.
updating indicator - on request from Jeeves,hope it's what he want...
Could you post the indicator you use (the arrow and the PSAR) ?
p.s. Can we use it in 4H or 1H chart?
The link to the psar I posted a couple posts up.
How about the arrow? is it the VBS?
Have you try to use it in H4 and other FX pairs?