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How does the parabolic stop work in NT8?

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    How does the parabolic stop work in NT8?

    Can someone do better than the help file (
    Although logic wise very similiar, this technique works different from the
    ParablicSAR
    indicator) in explaining how does it actually work and how to make it less twitchy? When I activate in my strategy, in trends it stops the position on nearly every candle

    #2
    Hello itrader46,

    Thanks for your post, and welcome to the forums!

    SetParabolicStop() uses the same parabolic trailing as the ParabolicSAR indicator, but the indicator will be relative to bar data when the SetParabolicStop() method will be relative to price acceleration and the entry price. With each update to the parabolic stop, the stop will move closer and closer to the current market price until it is filled.

    I may suggest testing a simple strategy like the following in the Simulated Data Feed to observe the stop getting updated and moving closer to the current market price.

    Code:
    protected override void OnStateChange()
    {
        if (State == State.SetDefaults)
        {
            Description                                    = @"Enter the description for your new custom Strategy here.";
            Name                                        = "ParabolicTest";
        }
        else if (State == State.Configure)
        {
            SetParabolicStop(CalculationMode.Ticks, 12);
        }
    }
    
    protected override void OnBarUpdate()
    {
        if (State == State.Historical)
            return;
        if (Position.MarketPosition == MarketPosition.Flat)
            EnterLong();
    }
    Please let me know if I can be of further assistance.
    JimNinjaTrader Customer Service

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