Super Trend Parabolic Strategy

Apr 05, 2016 No Comments by

Time Frame: 60 Min. or 75 Min./Daily/Weekly
Parabolic: 0.1(Minimum)
0.02(Step Value)
0.2(Maximum)
Super Trend: 1(Factor)
10(Average Period)

How to Setup:
Add Parabolic with mentioned parameters, add Super Trend with mentioned parameters on daily as well as on intraday 60 min chart. You can also track on the weekly chart.
How to interpret it?
When a current candle crosses above Super Trend at that time parabolic must be in the candle you can go for buy or sell when high or low breakout of the signal candle. For strong buy or sell you can get multiple time frame confirmation i.e. if buy signal is in 60 min chart, you can confirm the trend to daily chart or 75 min chart (positive or not) then and then only you go for buy. For sell vice a versa.

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How to maintain stop loss?
Super Trend is good to stop loss for any stock or any index i.e. you can maintain the stop loss of Super Trend on closing basis with same time frame which you are going for long or for short.
Profit booking
Go for % booking or signal to signal

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