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Number of messages : 62
Points : 2532
Date of Entry : 2015-05-08
Year : 41

attention Parabolic Stop And Reverse Auto Trader - VertexFX VTL

Tue Mar 23, 2021 12:07 pm
The parabolic S A R auto trader uses two Parabolic Stop and Reverse indicators with different parameters for opening and closing trades. The first PSAR is used for opening positions and a faster PSAR is used for closing positions. This will book the profit quickly before the longer trend reverses. When the price closes above both PSARs, a buy position is opened. And when the price closes below the second PSAR, the position is closed. Opposite conditions are used for opening Sell Position. The PSAR auto trader applies a stop loss based on ATR, and a trailing stoploss.


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