Parabolic SAR of MA MTF Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Parabolic SAR of MA MTF Indicator

The Parabolic SAR of MA MTF Indicator is, as the name suggests, an forex indicator that combines Parabolic SAR and Moving Average. Such a mix of the two most popular forex trend indicators results in giving the best entry signals at the points of a trend change. Additionally, it is an MTF indicator (multi time frame) so you can choose the time frame of provided signals.

The Parabolic SAR of MA MTF Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

Trading Rules Explanation

The Parabolic SAR of MA MTF Indicator gives very good signals, but also quite a lot of them. To reduce noise, we suggest adding a trend filter. In this case, we used 200-period Exponential Moving Average to define the direction of the overall trend. Then take only signals from the Parabolic SAR of MA MTF Indicator in the direction of main trend.

Buy Signal

Follow these steps for a long trade:

Price is located above the moving average
Parabolic SAR of MA MTF indicator provides green dot
Wait for the candle with dot to close
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit trade whenever the No Parabolic SAR of MA MTF indicator provides opposite signal or use your own method of trade exit

Sell Signal

Follow these steps for a short trade:

Price is located below the moving average
Parabolic SAR of MA MTF indicator provides red dot
Wait for the candle with dot to close
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last swing high of the market
Take profit or exit trade whenever the No Parabolic SAR of MA MTF indicator provides opposite signal or use your own method of trade exit

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Parabolic SAR of MA MTF indicator in MT4?

Installation Guide

Download the Parabolic SAR of MA MTF.rar archive at the bottom of this post, unpack it, then copy and paste the Parabolic SAR of MA MTF.ex4 or Parabolic SAR of MA MTF.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Parabolic SAR of MA MTF indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.