Place a trailing stop that will follow the parabolic SAR indicator on any current position.
This little trading robot, can handle a position exit in your absence. A trailing stop can sometimes be difficult to set, volatility can change, the value of the Pip can change depending on the underlying used. The SAR parabolic indicator automatically adapts to volatility, and follows the course according to its dynamics.
It works on the MT4 platform provided by your broker
1. Enter the number of the position to be managed (Terminal Order Column)
2. Choose the parameters of your SAR parabolic
3. Define the time unit on which the SAR parabolic will be defined (0 corresponds to the time unit of the current chart)
4. Click OK, and that’s it …
Your platform must remain connected to manage the stop, but you can go away safely, the stop will automatically adjust to the desired value …
It is possible to adjust the parabolic SAR settings with custom parameters and to change its stop very precisely.
Example: You have a long position and the prices go up your position take surplus value, but your stop is above the parabolic SAR, in this case the stop does not move, but when the parabolic SAR returns to- above then the stop will automatically adjust to the parabolic SAR as the position is going on.
You can continue to manage your stop even if the expert advisor is running, so if you manually go back to the point of entry or to a key level for a position to buy, the stop will not evolve only when the parabolic SAR repassera over the stop in progress.
In case of inadvertent disconnection, or shutdown of your computer, no stress, hard stop follows your position which is always protected …
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