if you test PSAR alone it is a very poor indicator of
anything. So thinking that it alone would give good signals
for exiting a system trade early is most likely not true.
There are other indicators to use as trade filters that would
probably be more worthwhile.........
but druck -- get a platform where you can backtest this
stuff. Then when you get an idea, you just try it out.
Its fun. You ask for thoughts, but the only worthwhile
thought, really, is "backtest it" because you're modifying a
backtested system.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Remember it is a system.
Parabolic SAR
Posted by padraigm on 25th of Apr 2009 at 09:20 am
Remember it is a system. If you use Parabolic SAR you have a variation of the original. You need to test it to know if it helps or hinders.
Pat
if you test PSAR alone
Posted by Michael on 25th of Apr 2009 at 11:33 am
if you test PSAR alone it is a very poor indicator of anything. So thinking that it alone would give good signals for exiting a system trade early is most likely not true. There are other indicators to use as trade filters that would probably be more worthwhile.........
but druck -- get a platform where you can backtest this stuff. Then when you get an idea, you just try it out. Its fun. You ask for thoughts, but the only worthwhile thought, really, is "backtest it" because you're modifying a backtested system.