QUOTEX TRADING PARABOLIC SAR
QUOTEX TRADING PARABOLIC SAR is a technical indicator from Quotex Trading created by J Welles Wilder and used to see when the end of a trend and find out when the price of an asset will reverse direction. This indicator is usually used when the market is trending.
Get to know the Parabolic SAR Indicator
Parabolic SAR is a popular indicator whose way of working is based on market trends. This indicator is useful as a pin point in determining the retrace or reversal of a price and determining the beginning of a trend that will occur.
This indicator relies on price and time calculations at the same time in determining whether the price trend will go up or down. In appearance this one indicator is in the form of small dots that are above or below the price chart according to the current trend.
How to Install Parabolic SAR Indicator on Quotex Trading
Considering that parabolic SAR is such an important indicator and is widely used by traders, Quotex provides this indicator as the default indicator of the platform.
Here are some ways to use parabolic SAR that you need to know :
- Make sure the parabolic SAR indicator is installed
- Chart setting in 5 minute timeframe
- Wait until the first parabolic point appears
- If it appears below then select up, if above then select down
- Set up/down options with 15-30 minutes timeframe
- If you use a larger timeframe such as 30 minutes or 1 hour then you can also increase the parabolic SAR number to 0.03 to 0.04 or you can do your own research to determine the right number.
Important Notes Regarding the Use of Parabolic SAR
What needs to be considered in the use of parabolic SAR is the first point that appears. We can immediately open a position as soon as the point has appeared because if it is too late the trend may reverse before the expiring time runs out.
Make sure you try this strategy on a demo account first to minimize losses. And you can combine this indicator with other indicators so that accuracy can be guaranteed so that the potential for profits is greater.
That’s a little information that we can provide about how to use parabolic SAR. Hopefully this information is useful for you and can bring big profits when trading.