[dpaterso]

Hi,

As explained before:

Your stop loss (which should actually be a stop and reverse point not just a stop loss) is set to the current value of Parabolic SAR i.e. the current price of where the current dot is appearing and it (your stop loss value or rather the value of your stop and reverse point) is moved or updated on a daily basis (assuming that you are trading using daily timeframes) to the new value of Parabolic SAR i.e the current price of where the new dot is appearing. If all goes well you will eventually get to a point where profits will be locked in i.e. your stop loss value (or stop and reverse point) will be greater than the opening price. When your stop loss is hit (or your stop and reverse point is reached) profit is automatically taken and the position is reversed and so on and so forth.

This is Parabolic SAR in its purest form.

DON'T ASK ME THIS QUESTION AGAIN!!! Only kidding - but if you're asking this question then you could not have read the entire thread and believe me - using this indicator 'blindly' i.e. without the little 'tidbits' of information contained in this thread - WILL results in losses if you don't understand it and its design and then you'll be posting one of those 'this indicator does not work and is crap and . . . and . . . and . . .' messages and then you'll be thinking of sueing me because you lost money (actually - don't bother - I don't have money - rather sue Mr Wilder)!!!

Regards,

Dale.