The video discusses using the parabolic indicator on mobile devices to make money trading Forex. It is best to use the indicator on small time frames and with a moving average. The video goes over how to use the indicator and offers tips for successful trading.

Making Money in Forex Using Mobile Indicators
A Comprehensive Guide on Using the Parabolic SAR Indicator

Introduction
Forex trading is a lucrative venture that attracts millions of people globally. However, succeeding in this field requires proper knowledge, skills, strategies, and effective tools such as indicators. With the widespread use of mobile devices, mobile indicators have become instrumental in helping Forex traders achieve great success. In this article, we will explore in detail one of the most popular mobile indicators, the Parabolic SAR.

Understanding the Parabolic SAR
The Parabolic SAR (Stop and Reverse) is a popular Forex indicator developed by Welles Wilder Jr. in 1976. The indicator’s primary function is to identify the potential trend reversal of an asset’s price. It overlays on the price chart as a series of dots above or below the asset’s price and indicates the trend direction.

Trading with the Parabolic SAR
To use the Parabolic SAR indicator, traders set up the tool on their mobile application, select the correct settings, and apply it. The Parabolic SAR is best to trade using a small trend at a one-minute or five-minute time frame. For instance, if the price is on an uptrend, and the price moves in a particular direction, the Parabolic SAR will appear above the consolidation track. When the price breaks out of the Parabolic SAR, you enter the trade with a higher load size. The pullback breakout strategy is straightforward: you wait for a 15 to 20 pips price move, which implies that the momentum is high, and then close the trades when the price consolidates.

Setting Up the Parabolic SAR on Your Mobile Application
To set up the Parabolic SAR indicator, follow the steps below:

1. Go to the ‘F’ function on the main chart
2. Click on ‘Parabolic SAR’
3. Use the default settings but set the color according to your preference (e.g., white on a black screen)
4. Click ‘Done’
5. Change to a one-minute or five-minute time frame

Applying the Parabolic SAR to Trading
When trading with the Parabolic SAR, the traders should also observe the Moving Average (MA) indicator. The MA indicator helps identify the trend direction; hence, traders wait for the price to cross the MA line after the Parabolic SAR breakout. If the price is above the MA, the traders can buy, and if it is below the MA, they sell. Using the Parabolic SAR indicator with the MA indicator helps ensure better profitability and reduces the risk of loss. The traders should also zoom into the chart to check the Parabolic SAR dots. A few dots may indicate a less safe entry compared to more dots, such as five or above.

Examples of Parabolic SAR trades
Below are examples of how traders can use the Parabolic SAR in different market situations.

1. Identifying a Buy Entry
On the one-minute chart, traders should wait for the Parabolic SAR dots to appear above the consolidation track. After the price breaks out of the dots, traders should enter the trade with a higher load size. Traders should then hold the trade for 15-30 Pips before closing it, especially when the Parabolic SAR dots move with five or more. This entry strategy helps the traders take advantage of the price momentum and earn significant profits.

2. Identifying a Sell Entry
When the Parabolic SAR dots appear below the consolidation track, traders know that the price is likely to head downwards. Traders should wait for the price to break out of the Parabolic SAR dots before entering the trade. This entry technique is useful, especially when we observe the presence of at least five or more Parabolic SAR dots.

Conclusion
The Parabolic SAR indicator can help Forex traders earn significant profits using their mobile devices. Using the Parabolic SAR, traders can correctly identify the trend reversal of an asset’s price, which helps them make informed trading decisions. Traders should also use the Parabolic SAR with other indicators like the Moving Average, to ensure better profitability and reduce the risk of loss. By following the trading strategies outlined in this article, traders can increase their chances of success in Forex trading.

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