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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Platforms,Coding/Sripts,Expert Adviser,Indikators, » Parabolic Stop And Reverse Auto Trader - VertexFX VTL

Parabolic Stop And Reverse Auto Trader - VertexFX VTL

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traderEd



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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