Parabolic RSI Strategy + MA Filter + TP/SL 【PakunFX】

🧠 Parabolic RSI Strategy + MA Filter + TP/SL【PakunFX】

This strategy combines a **custom Parabolic SAR applied to the RSI** (momentum-based trend reversal detection) with a **price-based moving average filter** to create a clear and responsive trend-following system.
Additionally, it **automatically draws Take Profit (TP) and Stop Loss (SL) levels** on the chart based on a fixed risk-reward ratio, providing visual risk clarity and supporting consistent trade planning.

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## 🔍 What This Script Does

• **RSI-Based Trend Detection:**
  A custom Parabolic SAR is applied to RSI rather than price, enabling detection of **momentum reversals** instead of just price swings.
  
  
• **MA Directional Filter:**
  Entries are filtered by a moving average (EMA or SMA). The strategy only allows trades **in the direction of the trend**—longs above the MA, shorts below.
  
  
• **Auto-Drawn TP/SL Levels:**
  Each trade includes auto-calculated TP and SL lines using a configurable risk-reward ratio (e.g., 2.0), helping traders maintain consistency and discipline.
  
  
• **Clear Entry Triggers:**
  Positions are opened **when the RSI-based Parabolic SAR flips direction**, but only if the price is on the correct side of the MA filter.
  → This ensures trades are made **at the moment of momentum shift**, but only **in the direction of the dominant trend**.
  

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## 🧮 Core Logic Breakdown

✅ Entry Conditions

• **Long Entry:**
  RSI-based SAR flips below the RSI (bullish signal) **and** price is **above** the moving average.
  
  
• **Short Entry:**
  RSI-based SAR flips above the RSI (bearish signal) **and** price is **below** the moving average.
  

✅ Exit Conditions (Position Reversal)

• When an opposite signal occurs, the current position is **closed immediately**, and a new one is **opened in the opposite direction**.
  

✅ TP / SL Setup
- SL is placed at a **virtual buffer distance** (e.g., 100 pips from entry).
- TP is calculated using the **risk-reward ratio** (e.g., 2.0 → TP at 200 pips if SL = 100).
→ Delivers consistent, risk-defined trades.

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## 💰 Risk Management Parameters

• **Asset / Timeframe:** Any (Backtested on 10-minute chart)
  
• **Account Size (Virtual):** $3,000
  
• **Commission:** 0.02% per trade
  
• **Slippage Buffer:** Equivalent to 100 pips
  
• **Risk Per Trade:** Approximately 5% of account balance
  
• **Number of Trades (Backtest Period):** 125 trades
  

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## 📈 Recommended Usage

• **Timeframes:** 5m to 30m (scalping to intraday)
  
• **Market Conditions:** Best in trending markets; responsive even in mild ranges
  
• **Assets:** Forex pairs, Gold, WTI Crude, Indexes with volatility
  
• **Discretionary Support:** Visual TP/SL allows for **pre-planned trades** and avoids impulsive decisions
  

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## ⚠️ Notes & Considerations

• Positions are reversed on opposite signals (no simultaneous longs & shorts).
  
• Backtests do not include broker-specific execution factors—adjust for slippage and spreads if needed.
  
• Strategy is **originally developed**, inspired by “ChartPrime's RSI Parabolic SAR” idea, but fully standalone.
  

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## 🖼 Chart Visuals & Features

• **MA Line (orange):** Shows trend direction
  
• **TP Line (green dashed):** Take Profit visualization
  
• **SL Line (red dashed):** Stop Loss boundary
  
• **RSI-SAR Flip Points:** Highlight entry timing visually
  

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## ✅ Summary

Parabolic RSI Strategy + MA Filter + TP/SL【PakunFX】 is a
“Momentum Detection × Trend Filtering × Exit Visualization” strategy designed for consistent, visually guided decision-making.
With clearly structured logic and visual aids, it serves both discretionary and systematic traders looking for a **momentum-aligned, risk-controlled approach**.