Question about implementing Parabolic SAR as a profit target

[zachdasher]

I’ve got a quick question. I’m working on a strategy and I need to take profits when the PSAR switches sides but I can’t get it to work with strategy builder. I’ve looked at the code, but I’m a bit lost. I would appreciate any help I can get.

[NinjaTrader_PaulH]

Hello zachdasher,

Thanks for your post and welcome to the NinjaTrader Forums!

The ParabolicSar, with standard settings, will either be greater than the High of the candle or Less than the low of the candle when it switches. You can compare the indicators plot value to the High or Low of the current bar compared to the previous bar. For example:

If the previous bar shows the ParabolicSar is greater than the High of the previous bar and the current bar shows the ParabolicSar is less than the Low of the current bar then the ParabolicSar has switch sides. If the previous bar shows the ParabolicSar is less than the Low of the previous bar and the current bar shows the ParabolicSar is greater than the High of the current bar then the ParabolicSar has switch sides.

If that doesn't resolve, please post screenshots of your strategy sets that show your exit conditions.