HIT & RUN FOREX TRADING STRATEGY

Using SMA (50) and the Parabolic SAR to scalp EURUSD and GBPUSD on M1 timeframes

TRADING STRATEGY

Style: Scalping Strategy

Name: Hit & Run Forex Trading Strategy

FINANCIAL ASSETS

 EUR/USD best (and GBPUSD)



TIMEFRAME

■ M1 timeframe (1-Minute)

■ 30 daily trades on average



INDICATORS & SETUP

This strategy uses the Parabolic SAR and a simple Moving Average (SMA):

Parabolic SAR (default) settings:

  1. Acceleration 2%
  2. Maximum Step 20%

Simple moving average (SMA)

with settings: 50 periods



TRADING SIGNALS

This is how you may implement the Hit & Run Strategy:

-The SMA is used for trend identification while the Parabolic SAR is used as a trigger:

-The Parabolic SAR is providing the entry signal.

■ (↑) Long Trades

-When the rate of EURUSD is above the SMA (50) then the momentum is considered bullish and we prepare a Long (bullish) trade.

-When EURUSD moves above the Parabolic SAR is the trigger of a Long trade.

■ (↓) Short Trades

-When EURUSD is below the SMA (50) we prepare a Short (bearish) trade.

-When EURUSD moves below the Parabolic SAR then this is the trigger of a short trade.



TRADING ORDERS

Here is how we set our trades using the Hit & Run Strategy:

Take Profit: 8-10 pips

Stop-Loss: 12-15 pips

Profit/Loss Ratio: 0.67

Note: On a very volatile session such is the EURUSD session presented on the chart you may use higher take-profit levels or even trailing stop-loss orders.

CHART: Hit & Run Forex Trading Strategy

Hit & Run Forex Trading Strategy


 

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Hit & Run Forex Trading Strategy

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