First Time Parabolic SAR Dot Strategy

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This strategy is very simple and based on the first time parabolic SAR dot formed in the daily chart. If a parabolic sar dot is formed abvoe daily candlestick first time, open a buy trade 5 pips above the daily candlestick. Put a stop loss at the low of the daily candlestick. If a parabolic sar dot is formed below the daily candlestick for the first time, open a sell trade 5 pips below the daily candlestick. Put a stop loss at the high of the candlestick. You can close the trade when the next daily candlestick is completed in profits. Very useful strategy.