SAR / Owl of Profit

Parabolic SAR Strategy

This strategy utilizes the Parabolic SAR indicator to identify potential trend reversals and generate buy and sell signals. It provides a simple yet effective approach for trend-following traders.

Features:
Parabolic SAR:

Step (Increment): 0.02
Maximum Step: 0.2
Start Value: 0.02
Trend-Following Logic:

Long signals are triggered when the price closes above the Parabolic SAR value.
Short signals are triggered when the price closes below the Parabolic SAR value.
Entry and Exit Logic:
Long Condition:

Price is above the Parabolic SAR value.
Opens a long position.
Short Condition:

Price is below the Parabolic SAR value.
Opens a short position.
Exit Logic:

Positions are automatically exited when the opposite signal is triggered (e.g., long to short or short to long).
Customization:
Stop-Loss and Take-Profit:
These can be added to refine risk management and optimize profitability.
Visualization:
Parabolic SAR:
Plotted as dots above or below the price, indicating trend direction.
Clear buy and sell signals based on price interaction with the SAR levels.
This strategy is straightforward and ideal for traders who prefer a simple, rule-based approach to following market trends.

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Happy trading!