Forex Scalping with Parabolic SAR vs Simple moving average and CCI, MT4 mobile iOS and Android

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Forex System: Scalping with Parabolic SAR vs Simple moving average and CCI, trend-momentum forex strategy on MT4 mobile iOS and Android

Platform: MT4 for mobile iPad iPhone Androids
Indicators: Moving average, Parabolic SAR and CCI

Parabolic Sar and CCI indicator is a forex scalping strategy based on the parabolic SAR indicator and Commodities Channel Index indicator. This is a trend-momentum forex strategy.

Currency Pair: EUR/USD
Time Frame: 5 minute

Metatrader Indicators setting
Moving Average Set method to simple, apply to close, period 45.
CCI set to period 30, apply to close, levels 100 and -100.
Parabolic SAR set step 0.03, maximum 0.2

Long Entry Position:
When Parabolic SAR dot above SMA and CCI more than 100.
Short Entry Position:
When Parabolic SAR dot below SMA and CCI less than -100.

Exit Position:
Take Profit: 5-10 pips.
Stop Loss: last highest price.

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