The Parabolic SAR described in the article “Stay in the Market with Stop-And-Reverse” can be easily implemented in the NeuroShell Trader by using the NeuroShell Trader’s ability to call programmed functions you code. This code can be written in C, C++, Power Basic, and Delphi. We’ve created the Parabolic SAR Long and Parabolic SAR Short indicators that you can download from the NeuroShell Trader free technical support website.
After downloading the custom indicator you can easily create a Trading Strategy which uses Parabolic Trailing Stops. To do so, select ‘New Trading Strategy …’ from the ‘Insert’ menu and set up the Trading Strategy as follows:
Long Trailing Stop:
Parabolic SAR Long (Trading Strategy, High, Low, 0.02)
Short Trailing Stop:
Parabolic SAR Short (Trading Strategy, High, Low, 0.02)
Note that the Parabolic SAR custom indicators are found in the ‘Custom Indicators’ indicator category. If you wish to change to a different Acceleration Factor, simply use a value other than 0.02.
If you have the NeuroShell Trader Professional, you can also choose whether or not the Acceleration Factor should be optimized. After backtesting the trading strategy, use the ‘Detailed Analysis …’ button to view the backtest and trade-by-trade statistics for the Parabolic SAR system.
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