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:

 

parabolic-sar-scalping

 

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.

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Forex scalping and daytrading – indicators: