Setting exits using Parabolic SAR...?

Questions about MultiCharts .NET and user contributed studies.
datamonkey
Posts: 95
Joined: 19 Nov 2013
Has thanked: 39 times
Been thanked: 6 times

Setting exits using Parabolic SAR...?

Postby datamonkey » 01 Aug 2016

Excuse the complete noob question, I'm a total novice at coding and software.

I'd like to use the Parabolic SAR as an automatic exit to my trades (I will enter manually) but am unsure what I need to do to accomplish that?

I know the indicator included with MC doesn't have that function and there's no SAR option in the Exit/Trailing strategies so do I need to get a custom advisor or something coded for this?

To clarify I am just looking to have my stop order moved up with each new SAR calculation.

Any help is much appreciated.

darob
Posts: 207
Joined: 20 Nov 2014
Has thanked: 57 times
Been thanked: 33 times

Re: Setting exits using Parabolic SAR...?

Postby darob » 01 Aug 2016

Screen Shot 2016-08-01 at 6.11.46 PM.png
(21.37 KiB) Downloaded 1011 times
There's some supplied exit signals in MC.Net called Parabolic_m_Trail_LX/SX. I've just placed them on a 15 min chart with the Parabolic SAR and the default setting seems to match. Could these be what you're looking for?

datamonkey
Posts: 95
Joined: 19 Nov 2013
Has thanked: 39 times
Been thanked: 6 times

Re: Setting exits using Parabolic SAR...?

Postby datamonkey » 02 Aug 2016

Screen Shot 2016-08-01 at 6.11.46 PM.png
There's some supplied exit signals in MC.Net called Parabolic_m_Trail_LX/SX. I've just placed them on a 15 min chart with the Parabolic SAR and the default setting seems to match. Could these be what you're looking for?
Thanks darob it quite possibly is exactly what I'm looking for!

I haven't any experience using the MC signals so will look into it and see if I can get it to work with my strategy...

Thanks again ;)


Return to “MultiCharts .NET”