US30 PSAR+EMA Simple Strategy (US30 PSAR+EMA Simple Strategy)
There are tons of videos and strategies using Parabolic SAR on YouTube. Since I only trade US30, I combined this indicator with EMA100 and tested it on several timeframes. I have been testing this strategy for some time on the live market during the London and New York trading hours.
The strategy shows good potential, but not guaranteed, and can definitely be improved. Furthermore, it can be easily converted into an EA. I'm sure someone here will pick this up
I decided to share this strategy to give something back, maybe help beginners with something simple, and hopefully, if it makes money, we can all do some good and help feed more families (more on that later).
step by step
Target:
- 50 points/day
- Exit the market as soon as possible.
TradingView - I use TradingView because I like the specific PSAR indicator with buy/sell labels.
US30
Time range: 1m
index
1. Exponential Moving Average
- Input: Change the length to 100.
- Style: Choose any color
2. Parabolic SAR By Evergate
- Leave settings unchanged.
- Style: change colors as needed
rule
Daily goal: 50 points.
Exit the market:
- If you reach +50 points. Don't overtrade! There's always another opportunity the next day.
- If you lose 4 times in a row, or -100 pips
Take profit: 50 pips
Stop loss: 25 pips
Break-even: 30-40 points
Buy
1. Price is above EMA100.
2. Once a buy signal appears, draw a line on the last sell point created by the SAR indicator.
3. Wait for the candle to close above the line
4. Enter trade on next candle > TP=50pips; Stop Loss=25 pips
sell
1. Price is below EMA100.
2. Once a sell signal appears, draw a line on the last buy point created by the SAR indicator.
3. Wait for the candle to close below the line
4. Enter trade on next candle > TP=50pips; Stop Loss=25 pips
other
July 5 = 50 points
Number of transactions: 1 (win)
illustrate
Enter a trade when:
July 6 = 75 points
Number of trades: 3 (1 loss, 2 wins)
July 7 = 50 points
Number of transactions: 1 (win)
13:30 IMPORTANT - Our first trade starts after this time.
July 8 = 50 points
Number of transactions: 1 (win)
13:30 IMPORTANT - Our first trade starts after this time.
weekly results
The strategy shows good potential, but not guaranteed, and can definitely be improved. Furthermore, it can be easily converted into an EA. I'm sure someone here will pick this up
I decided to share this strategy to give something back, maybe help beginners with something simple, and hopefully, if it makes money, we can all do some good and help feed more families (more on that later).
step by step
Target:
- 50 points/day
- Exit the market as soon as possible.
TradingView - I use TradingView because I like the specific PSAR indicator with buy/sell labels.
US30
Time range: 1m
index
1. Exponential Moving Average
- Input: Change the length to 100.
- Style: Choose any color
2. Parabolic SAR By Evergate
- Leave settings unchanged.
- Style: change colors as needed
rule
Daily goal: 50 points.
Exit the market:
- If you reach +50 points. Don't overtrade! There's always another opportunity the next day.
- If you lose 4 times in a row, or -100 pips
Take profit: 50 pips
Stop loss: 25 pips
Break-even: 30-40 points
Buy
1. Price is above EMA100.
2. Once a buy signal appears, draw a line on the last sell point created by the SAR indicator.
3. Wait for the candle to close above the line
4. Enter trade on next candle > TP=50pips; Stop Loss=25 pips
sell
1. Price is below EMA100.
2. Once a sell signal appears, draw a line on the last buy point created by the SAR indicator.
3. Wait for the candle to close below the line
4. Enter trade on next candle > TP=50pips; Stop Loss=25 pips
other
- This strategy can be traded in LDN or NY sessions.
- The best time to trade this strategy is after 1pm London time.
- If there is news at 1:30 PM - wait until they finish before starting!
- If there is important news that day, the market will be volatile, especially during the LDN session.
- There are no big candles to enter, especially after the New York open.
We will only trade after 1pm London time as it shows the best results so far based on my backtesting.
Entry example
Below are examples of entries from the past two weeks.
July 4 = 50 points
Number of transactions: 2 (1 win, 1 win)
July 5 = 50 points
Number of transactions: 1 (win)
illustrate
Enter a trade when:
- Price below EMA100 - only look for sell signals.
- Once a sell signal appears, draw a line on the last buy point created by the SAR indicator.
- Wait for the candle to close below the line
- Enter trade on next candle > TP = 50 pips; Stop Loss = 25 pips
Invalid signal:
- The above signal was preceded by a sell signal.
- It is considered invalid because no candle closed below the last buy point.
- Wait for the pullback (next buy signal) and enter when all conditions are met.
July 6 = 75 points
Number of trades: 3 (1 loss, 2 wins)
July 7 = 50 points
Number of transactions: 1 (win)
13:30 IMPORTANT - Our first trade starts after this time.
July 8 = 50 points
Number of transactions: 1 (win)
13:30 IMPORTANT - Our first trade starts after this time.
weekly results
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