Simple SAR EA 2
Logic:
- Scalping:
- Uses the Parabolic SAR indicator to determine entry points by setting Buy Stop and Sell Stop orders based on SAR levels.
- Executes trades with the expectation of capturing small price movements in the market.
- Order Management:
- Manages active orders by adjusting the stop loss using a trailing mechanism based on price movement.
- Automatically modifies the stop loss level for both buy and sell positions as the market moves, locking in profits as the trend continues.
- Trailing Stop:
- Implements a trailing stop to secure profits as soon as the price moves favorably.
- Continuously updates the stop loss to follow the price, reducing the risk of giving back profits.
