OPEN-SOURCE SCRIPT
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mForex - 3 Moving Average - Parabolic SAR

13 469
Script identifies the uptrend and downtrend according to the average price of the MA and PSAR lines.

Rules of sale:
- Open short positions when:
  • MA12 cuts MA26 and MA52 from the top.
  • PSAR dots on the price line

- Stop loss:
  • At the dots of PSAR and use Trailing Stop facing up
  • On the nearest peak

- Profit-taking: Corresponding ratio of R: R (1: 2)

- Open long positions when:
  • MA12 cuts MA26 and MA52 from the bottom.
  • PSAR dots below the price line

- Stop loss:
  • At the dots of PSAR and use Trailing Stop facing down
  • Below the nearest peak

- Profit-taking: Corresponding ratio of R: R (1: 2)
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