Parabolic SAR is similar to trailing stop loss. The most important parameter to set is step:parabolic-sar-parametersEvery decimal change makes a huge difference.

Similar to trailing stop loss, Parabolic SAR works great in trending markets:




In a range move it is not that great:parabolic-rangeBut it is normall with every other tool. You should join Parabolic SAR with other tools so you can be sure to trade with the trend.

Day trading and scalping guide - menu:

Basic info about day trading:

Management in day trading:

Indicators in day trading

Oscillators in day trading: