Sorry - the previous post was with regard to adding to positions.
gengan:
Just remember this: if you are going to start using Parabolic SAR then Parabolic SAR actually tells you where to put your stops. In other words - depending on the trade - your stop loss according to Parabolic SAR MAY be much more than 25 PIPs so you need to make sure that you have enough margin to get stopped and then still stop and reverse etc. etc. The only reason that this appears to be working is because I am not 'mixing' one theory with another or one rule with another. Take a look at some historical data using Parabolic SAR and you will find that often the price has retraced far beyond your opening price BUT because you were using Parabolic SAR to set your stop loss the price has changed direction and put you in a profit situation. Had you set a fixed stop loss on that type of trade you probably would have been stopped out prematurely.
Regards,
Dale.
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