Good Morning All,
orgcaptainnemo:
OK - well - I think from tonight I'll start posting the positions I open (if any) on this thread.
I have drawn up an Excel Worksheet with all of the pairs listed that are available to me with a column for 'Monthly', 'Weekly', and then five columns for each day of the (this) week. The idea being that I am going to see how many Parabolic SAR signals I can get this week that 'agree' with each other i.e. I'm going to check that Parabolic SAR on the Monthy and Weekly are going in the same direction and then enter only when the Daily is giving a signal in the same direction. I'm just keen to know if this works any better than just opening positions on all and every pair where there is a valid signal on the Daily chart. The drawback of this I think is that you are going to get far less entry points but maybe the movements are more 'true' as it were and the lot sizes could be increased to better the results with less of the risk doing it this way. Someone ealier on in this thread posted that on a certain pair the Monthly, Weekly, and Daily Parabolic SAR were all going in the same direction and entered on the four hour chart but I don't know what the end result was - they never posted again.
alan003:
Parabolic SAR is one of the most common (and oldest) indicators around and is contained in almost all of the chart tools / available indicators of the trading platforms that I have seen. Sometimes it's just called SAR or 'Stop and Reverse' but it's usually there.
Regards,
Dale.
|