MA Monica Sar indicator is a forex trading indicator. It is an indicator which every forex traders in the world desires to have as it gives very rewarding results to the traders. The MA Monica Sar indicator is a trend following forex trading indicator. This indicator allows you to enter very early in the trend and exit early during the reversals. If you have been trading you know that doing this much is more than enough to start printing money. MA Monica Sar indicator itself is enough for you to make trading decisions which means that you don’t need other indicators to add here.
When you install MA Monica Sar indictor in your trading platform, your chart will look like this:
- MA Monica Sar indicator
This indicator is the combination of moving averages and parabolic sar indicator. The combination of these two indicators gives you the best trading signal. The rules are pretty simple to understand. When the market is trending upward, the parabolic sar and moving averages are below the market price and vice versa. Therefore, the trick is to choose the market which is trending and enter in the direction of the trend with the help of this indicator. for example, if you see a market chart which is trending upward since significant time, you should look for long opportunities in that pair, only LONG.
Buying Conditions Using MA Monica Sar Indicator.
- Market should be up trending.
- Moving averages should be below the market price.
- The yellow and white parabolic sar indicator should appear below the market price.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the yellow parabolic sar indicator appears above the market.
Selling Conditions Using MA Monica’s Sar Indicator.
- Market should be down trending.
- Moving averages should be above the market price.
- The yellow and white parabolic sar indicator should appear above the market price.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the yellow parabolic sar indicator appears below the market.
Download Free Forex MA Monica Sar Indicator
Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below: