Parabolic Stop And Reverse Auto Trader - VertexFX VTL

[traderEd]

The parabolic S A R auto trader uses two Parabolic Stop and Reverse indicators with different parameters for opening and closing trades. The first PSAR is used for opening positions and a faster PSAR is used for closing positions. This will book the profit quickly before the longer trend reverses. When the price closes above both PSARs, a buy position is opened. And when the price closes below the second PSAR, the position is closed. Opposite conditions are used for opening Sell Position. The PSAR auto trader applies a stop loss based on ATR, and a trailing stoploss.

 

[traderEd]

Volatility Pivots

Volatility Pivots is a trend following indicator. The indicator is calculated based on currency pair volatility displaying the nearest support and resistance levels. It uses the average true range and the exponential moving average of price in calculating support resistance levels. Then it plots these levels as a line on the chart. When the price is above the pivot line, it indicates an uptrend, and the price action below the pivot line indicates a down trend. Positions can be opened in the direction of the trend.