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Originally Posted by amin1000
Thanks for your comments SR2.
One question:
Sometimes EMA40 and PSAR don't sharply cross, they rather move right on top of eachother for a while (like the recent EUR/USD).
What should be done when this happens?
I have attached the screen photo.
Thanks
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Hi amin1000
From your screenshot I can see that the PARSAR crosssed the EMA40 without any problems. I am attaching your screenshot with the crossover highlighted. You are only looking for the first crossover and then nothing else. Remember the rules
1) First EMA40 crosses over EMA10
2) PARSAR crosses or touches EMA40
3) If the open price is within 100 pips of EMA40 you have a trade
So in the case of your screen shot you would buy at the open price with a SL and TP of 100. And I think in this case it would have been 100pip profit or more with a good exit strategy (as I keep saying)
Hope that helps
SR2