Discussion of article "Learn how to design a trading system by Parabolic SAR"

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New article Learn how to design a trading system by Parabolic SAR has been published:

In this article, we will continue our series about how to design a trading system using the most popular indicators. In this article, we will learn about the Parabolic SAR indicator in detail and how we can design a trading system to be used in MetaTrader 5 using some simple strategies.

We will design a blueprint for our strategies to help us to write the code of the trading system for them as it will allow us to arrange and structure our minds to know what we need to inform the expert advisor to do step-by-step, so the following is a blueprint for each strategy.

  • Strategy one: uptrend strategy:

We will inform the computer or the expert advisor about what he needs to check and what it will return in case of conditions are met, and in this strategy, we need to check the SAR value and compare it to the price level and then decide if SAR value is less than the low price or not and if not we need it to return nothing or if yes we need the expert to return a buy signal then when checking them and comparing two value again and decide if SAR value is greater the high value or not and if not we need the program to return nothing or if it is, we need it to return a take profit signal.

SAR value < the price low = buy

SAR value > the price high = take profit

 SAR - uptrend strategy blueprint

Author: Mohamed Abdelmaaboud