Got it. 30 pips and got out. I really wish there was some type of alert with this method. It seems almost TO simplistic to trade this way. I'll demo some more and keep trying. Until next time.....
![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
PSAR/BB System for Binary Trading Needs EA 12 replies
NEURUS - 1-2-3 Simple System 0 replies
trendchaser psar 268 replies
Very Simple 1hr PSAR System 8 replies
Neurus Psar Demark System- 5 Min 103 replies
DislikedDo people actually backtest these systems before they post them?
A system like this does not stand a chance in the long run. The negative risk reward will render it useless.Ignored
DislikedGot it. 30 pips and got out. I really wish there was some type of alert with this method. It seems almost TO simplistic to trade this way. I'll demo some more and keep trying. Until next time.....Ignored
DislikedBlackdog,
Taking Neurus's excellent, super-simple method, and combining with what I mentioned, is quite successful. Who would have thought that Neurus's understanding of Psar would be so easy to comprehend? I've never seen it employed in this manner - nice.
Actually, I have my fibs on different timeframes (thanks Boboskus), but the one I use most is the 1hr. I use the 4hr "threads" as my trend setter. Oftentimes, if the 1hr thread stochastic is turning down, that's good enough for me. With a tight stop you'll almost always earn, but the 1hr threads running with the 4hr is almost always a winner. As long as the blue lower time frame stochs stay inside the 14stoch and the higher time frame stochs, and are nicely "combed" as Spud's puts it, you'll usually be successful. Below is what to look for according to Spud:
1. Elasticity - this occurs prior to a price move where the 5,3,3 stretches away from the other 2 stochs and then snaps back. Elasticity periods seem to be points of lesser pip moves.
2. Tightness - this is where all stochs are moving closely together (which would mean they are in agreement. Tightness usually follows an elasticity or convergence period and pretty much occurs as price moves. Tightness periods seem to be points of strong pip moves.
3. Convergence - this follows an elasticity period and the area of convergence usually signals the price reversal and entry point. Periods after convergence seem to equal price reversals and strong pip moves.
This seems to play out as a very consistent pattern. Obiously it is easier to see the "big" elasticity periods and tight convergences.
Taking this information from the 1H and moving to lower time frames...like 5M will focus your entry point better and allow you to see convergences much better.
So to sum up:
Elasticity comes BEFORE a convergence.
Convergence of the stochs is the entry point.
Tightness is a good time to be in the trade.
Use multiple time frames to focus convergence periods and see the elastic cycles more clearly. When you see it all together it is quite clear.
Convergence is more an "area" then a single point. Nice when stochs all sit on top of each pother, but more often than not they will converge very closely to each other. The convergence area pip moves seem small in most cases from close to close so being too early or a little late shouldn't have huge effects on your pips or draw downs from what I can see so far.Ignored
DislikedHi everyone, I was just wondering if anyone has been working on an EA for this system? Thanks ZIgnored
DislikedThis system is very simple.
Put a Parabolic SAR 0,03 0,2 in your platform. I trade USD-JPY
Enter when the price cross below (short) o above (long) the last psar dot.
Put your order in the dot level, like you see in the attach.
Go for 20 pips. SL 45 pips.Ignored
DislikedWell im not a coder but your approch system seems verry intresting can u tell us more about it like what pair time frame stopploss take profit and result and so on when do u buy when do you exit ????
Best regardsIgnored