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There are several types of traders we commonly encounter in trading, with the biggest difference between them being risk appetite and trading speed.
And in case you belong to the group who like a brisk way of trading, with a slightly higher level of risk, then don't hesitate to try the ParaFury trading strategy, which will offer you new and new opportunities day after day and therefore never get tired.
Strategy entry rules (example)
Entering long positions
- parabolic has a "longer term" established short trend
- the parabolic indicator creates a signal below the candle
Entry into short positions
- parabolic has a "longer term" long trend established
- parabolic indicator creates a signal above the candle
How to trade with the strategy
ParaFury is based on fast changes of the Parabolic SAR indicator (see image above - indicator settings), which allows it to achieve the best results on lower timeframes, where it can provide several opportunities per day. Trading with this strategy is then really very simple, you only need to wait for the moments when a signal is formed on the opposite side of the candle and then already enter according to the above rules.
The interesting thing about ParaFury is that within the strategy, the trader usually moves from a trade in a certain direction immediately to a trade in the opposite direction, which means that in such a case there is no need to set limit orders in a lengthy manner.
The success rate of this frantic business strategy is not overwhelming, as it is usually in the range of 40-55%, but with the right Money-Management, even this value is more than enough in terms of long-term sustainability.
