Looking for trends with PSAR and ADX
Any currency pair and timeframe can be used in this system. Two indicators: Parabolic SAR with default settings (0.02, 0.2) and ADX 50 (with +DI, -DI lines).
Rules are:
1. LONG when the +DI line is above the –DI line, and Parabolic SAR gives buy signal (below price). When +DI line is below the –DI line, no Parabolic SAR buy signals should be taken.
2. SHORT when the -DI line is above the +DI line, and Parabolic SAR gives sell signal (above price). When -DI line is below the +DI line, no Parabolic SAR sell signals should be taken.
3. Exit when the two DI lines cross again (reversal).
Forex Strategy Articles & News
There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...
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