Topic: parabolic sar setting
Dear Miroslav
I've posted this topic on the Blog as well. hope that you could help me. I'm trying to build a strategy using the parabolic SAR
Current setup is very simple
Opening point of position
- Bar Opening
- Moving Average, the bar opens above the moving average
Closing point of position
- Parabolic SAR
1. Can i close the previous trade and open a new trade instantly using the exact same price, instead to wait for a new bar opening.
2. Let's say i place a take profit/stop loss order on a buy position, once they are triggered, the position is closed. However it will generate a new buy posiiton the next bar opening, which contradicts the purpose of take profit/stop loss. I only want to open a new position after the parabolic reverses, What open/close logic should i add in to avoid opening a same directional trade once they are closed
3. Once the parabolic signals a "buy", can i place an order say 10 bps below the opening
4. Is there any ways that i can set the target profit/stop loss correspoinding to changes of the ATR
Thank you very much