This small trading robot, can handle output of position in your absence. A stop follower can sometimes be tricky to set up, volatility may change, the Pip value can change depending on the underlying used. Parabolic SAR indicator automatically adapts to the volatility, and follows the course according to its dynamics.
It works on the MT4 platform provided by your broker
1. Enter the number of the position to manage (order of the Terminal column)
2. Choose your satellite settings
3. Define the unit of time which will be defined the parabolic (0 corresponds to the time unit for the current chart)
4. Click OK and thats it…
Your platform must remain connected to manage the stop, but you can leave safely, the stop will adjust automatically to the desired value…
You can continue to manage your stop even if the expert advisor is running, so if you manually reassemble your stop at the point of entry or a key to a position level with the purchase, the stop will evolve when the parabolic SAR will return above the current stop.
In case of unintentional disconnection, or shutting down your computer, no stress, stop hard tracks your position which is always protected…