I have been experimenting with this scalping method for a SHORT time. I want to stress this. The system works as follows:
Eur/Usd 5 min chart
Place PSAR (.02,.2) and the Slope Indicator (12,3,0)
Go long/short when both indicators are in agreement.
Exit when the Slope indicator is opposite to the PSAR.
Reenter when the Slope Indicator is in agreement with the PSAR
Stop Loss is equal to 2x the ATR(14)
Trailing Stop Loss of 2x the ATR(14) if you want to set it and forget the trade. If I can I manually adjust the SL based on price action.
Eur/Usd 5 min chart
Place PSAR (.02,.2) and the Slope Indicator (12,3,0)
Go long/short when both indicators are in agreement.
Exit when the Slope indicator is opposite to the PSAR.
Reenter when the Slope Indicator is in agreement with the PSAR
Stop Loss is equal to 2x the ATR(14)
Trailing Stop Loss of 2x the ATR(14) if you want to set it and forget the trade. If I can I manually adjust the SL based on price action.