Traders can be using Parabolic SAR for scalping to get profits. Scalping is a strategy that relies on entering and leaving the market in a relatively short time. This strategy is quite familiar among traders. 

Scalping is a forex trading strategy that relies on low time frames, such as 1 minute to 30 minutes. Traders who use the scalping strategy are called scalpers. To learn this, you can join Didimax forex broker and get free forex education.

The scalping strategy is used to make a profit as soon as possible. This strategy allows you to find out the profit or loss quickly. The trading principle applied by Scalpers is to make small profits constantly.

This principle is used by almost every scalper, because basically the scalping strategy is used to open positions between tens to hundreds in a day, with a profit range per trading position of around 5-15 pips.

To become a Scalper, it takes alertness and a high level of concentration to conquer the market. You should use this strategy if you are not busy or have free time.

You can combine scalping strategies with various technical indicators. One indicator that is often used for scalping is the Parabolic SAR for scalping.

The purpose of using the Parabolic SAR indicator is to get an overview of the current price conditions, so you can determine the entry point correctly.

Overview of the Parabolic SAR for Scalping Strategy

Parabolic SAR is one of the technical indicators created by Welles Wilder in 1978 in his book entitled "New Concept In Technical Trading Systems".

Besides being able to be used for scalping, this lagging indicator can be used when market conditions are trending, so it can be used for Trend Following strategy.

SAR itself is an acronym for Stop and Reverse, which functions as a stop price marker and indicates a potential reversal (Reversal). When viewed visually, the Parabolic SAR for Scalping strategy consists of dots that can move positions according to price conditions.

If the price is in an Uptrend, the Parabolic SAR points will be below the candle. Conversely, if the price seems to be weakening in a series of Downtrends, then the Parabolic SAR points are above the candle.

There is no single indicator that does not have weaknesses, as well as the Parabolic SAR indicator. One of the weaknesses of this indicator is that it cannot be used when market conditions are sideways (consolidating).

In such conditions, usually Parabolic SAR will continue to move from top to bottom and vice versa in a short time. This condition can potentially give various False Signals before entry.

How to Use Parabolic SAR for Scalping

For the potential for greater accuracy, you can use the Parabolic SAR indicator which is equipped with the MACD (Moving Average Convergence Divergence) indicator as a confirmator.

1. If you want to sell, identify a strong downtrend marked by the PSAR indicator dots above the candle. If the Downtrend has been detected, you can place a Sell entry on the second or third candle, when the Downtrend has been confirmed.

2. Pay attention to the signal indicated by the MACD indicator. If the two EMA lines intersect (crossing) from top to bottom, then this condition indicates a Sell entry. On the other hand, if the crossing occurs from the bottom up, then you can buy (as during a correction).

3. If there is a correction during the Downtrend, wait until the correction ends before deciding to enter.

4. You can exit positions manually if you find consolidation or reversal candlestick patterns on the chart, for example Pin Bar, Engulfing, or Shooting Star candles.

That's some information about tips from the best forex broker on using the parabolic SAR indicator. Of course, each strategy has its own strengths and weaknesses. 

The most important thing is how to cover the weaknesses and take advantage of the strengths when using Parabolic SAR for scalping strategy.