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Parabolic SAR Strategy
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[QUOTE="clemmo, post: 107194, member: 38761"] It's not clear from the write-up how stop-loss and take-profit levels are being established. The chart doesn't really help. "Set stop-loss directly at the indicator level — above the price for Short positions and below the price for Long positions. Adjust stop-loss with each new bar. Take-profit should be set to the same value as stop-loss, but you should not adjust it." My understanding is that "indicator level" refers to the dot from the previous bar, the one before it changed direction. This is always to the left of the current bar. Impossible to set a s/l at this level and still be valid for the trade, as the indicator will always be above the buy point, or below the sell point. Take-profit explanation is even more vague. T/P should be set to the same level as s/l?? You mean the same number of pips in the opposite direction?? I'm not surprised I'm the first one commenting on this since most people probably just give up and move on to something that makes sense. [/QUOTE]
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