Parabolic Stop in Ensign

Discussion in 'Strategy Development' started by Sashe, Oct 14, 2003.

  1. Sashe

    Sashe

    Question to those who use it..what are the better settings on ES? I have set it as "Maximum" (20) and "Acceleration" (3) and I honestly dont know what those parameters mean.
     
  2. Sashe

    Sashe

    I mean what are the better settings to use when trading ES with Parabolic Stop as exit criteria
     
  3. Carl K

    Carl K

    Parabolic Stops work best if adjusted for a specific stock.
    More information can be found on the web.

    http://www.barchart.com/sample/support/studies/paratp.htm

    http://share.esignal.com/groupcontents.jsp?folder=Parabolic&groupid=20

    http://www.esignal.com/education/resources/articles/July02.pdf

    'Advanced Get' has both an 'Optimize' & 'Fine Tune' for automatic adjustments of 'Parabolic', and I can save chart with settings, indicators and lines & text I've added.

    You can manually adjust out 'Whip Saws' and save your settings in a Log of your trades.