Parabolic SAR + Take Profit and Stop Loss By Nussara

This strategy uses Parabolic SAR. The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR. It aims to identify potential reversals in the price movement of traded assets.

This indicator has a function to take profit and stop loss level.
Stop loss level = First reverse point of uptrend
Take profit level = Entry price + (Entry price-Stop loss level)

User can set a parabolic SARS and a profit point but I fixed stop loss level at first reversals point of uptrend. I also put alert for Buy, Sell, Stop Loss in this indicator.

This indicator is just a tool for technical analysis. It shouldn't be used as the only indication of trade because it causes you to lose your money. You should use other indicators to analyze together.