In this paper, the tracking of SFH/MFSK signals by using a paeallel correlator and a bank of BPF which is implemented by DFT recursively is studied. During symbol period, M-ary signal`s spectrum is analyzed by the step of n multiple of sampling period. The bank of BPF output which is stored for hop duration input to the parallel correlator. The time difference of the receiver and the transmitter is corrected by using sampling position and correlation time at which the largest output of correlator is generated. Syncronization signal detection rate and distribution of the largest output of correlator are evaluated by computer simulation in HF channel evironments for the performance analysis of proposed tracking method.