Now it’s your turn. At this point of the course we have set a task to reinforce what we’ve shown you. This task will require you to use a charting package to carry out the exercise. You can set up a free practice trading account with access to charts here.
Goal: To add Parabolic SAR correctly and see how the max and min step settings change it.
Exercise: Find a currency pair in your broker’s charts or the MYTS Community charts and add Parabolic SAR. Observe what the default 0.2 max 0.02 min step increment shows you. Where did the Parabolic SAR switch trends? Did it help confirm the trend? Now, amend the max and min step and see how that impacts SAR and its confirmations.
Difficulty: 1/3
Time to complete: 20 minutes
Solution….don’t press play until you’ve done your bit:
