The forex trading technique I want to explain to you now is a kind of scalping strategy that you can use to generate profitable buy or sell signals to place your trades. Here’s how to set it up. You need to use the GBP / USD currency pair, the duration of use is a 5-minute chart, and the indicators you can use for this are MACD 5, 8, 9, SAR using the numbers 0.1, 0.11 and SAR in MACD. Table with figures 0.1, 0.11.
Your trading time should be from 7.00 to 12.00 in the morning, the time should be Eastern Standard Hour. I suggest you trade on Tuesdays and Fridays. When you see two SARs match, for example, it shows the same buying and selling chances. Place your trade using only 1 order (you can end the trade when you get about 5 caterpillars) or two orders (for long-term trading). You must change your stopping loss when you reach the finish line, but there must be a SAR point on the chart during this period before you start. If you see only one point in the table during the login, cancel your trade at this point. You need to follow the rules to extract something from this profitable forex signal.
Your profit target should be 5 caterpillars for the first, and your profit target should be shelled out after the opposite signal appears for the second. That is, when two SAR movements have to change or a breakpoint arrives (during this period, which is basically a gain stop) If you think there is a lot to protect your gain before this happens – just keep them on time.
This section will be for speeches. When trading live, and one of the SAR signals reverses this trend, but the second does not indicate anything – just keep trading. Note that a stop loss is at the nearest second point of the SAR, which can be found mainly in a 5-minute chart. For each last SAR point, be sure to change stops for each order until you reach the nearest second SAR point. The reason you do this for the second is because I discovered that the starting SAR point is usually a hot cake, but the next one usually continues. I suggest that you do not change your position at this stage, just watch without any action until the SAR regression. You have just learned one of the profitable forex signals.
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