Latest news with #PSAR
Time of India
04-05-2025
- Business
- Time of India
Two Trades for Today: An FMCG major for 3.5% gain, a large-cap oil refinery stock for 6% rise
The markets continued consolidating for the third day in a row and closed Friday on a flat note. The markets saw a stronger-than-expected start and trended higher, forming its high point in the morning session. However, by afternoon, the Nifty had given up all its gains and had also slipped into the negative zone, forming its day's low point. The remainder of the session was spent in a very narrow range. The headline index closed with a minor gain of 12.50 points (+0.05) While the markets continue consolidating at current levels, some defensive plays are evident. This FMCG major is gradually inching higher; it is expected to extend its current upmove over the coming days. ITC Limited (ITC) suffered a sharp corrective move after the stock traded in a range between November and February of last year. It made a strong attempt to put a base in place by the end of February; since then, it has gradually trended higher. Currently, it is trading above two of its three key moving averages. Additionally, it has closed above its 20-period MA as well. Live Events The daily MACD is bullish and stays above its signal line. The RSI also stays neutral and does not show any divergence against the price. The surge that led the stock cross above the 20-DMA has come on much higher-than-average volumes. The RS line is trending sideways indicating the stock trading in line with the broader markets. It has crossed above its 50-period MA. The stock is seen improving its relative momentum while inside the lagging quadrant of the RRG. The extension of the current upmove is likely to sustain and take ITC higher to Rs. 445. A close below Rs. 422 must be used as a stop-loss for this trade. Milan Vaishnav, CMT, MSTA, is a Technical Analyst. Indian Oil Corporation Limited This large-cap oil refinery stock broke out from the horizontal trendline resistance. This could trigger a potential upmove in the stock by close to 6%, and this makes the current levels attractive to enter with a favorable risk-reward ratio. After forming a brief triple-top at Rs. 183 in September last year, the stock price of Indian Oil Corporation Limited (IOC) witnessed a corrective decline. The downtrend continued until it formed a bottom at Rs. 110 in March this year and showed signs of a rebound. While moving higher, the stock crossed above the 50-day and 100-day MA, indicating that the intermediate trend had turned bullish. Recently, the stock broke out from the horizontal trendline resistance, inviting buying opportunities. This price action has been backed by increased volume, supporting bullishness. The Relative Strength Index (RSI), a lead indicator, observed a bullish divergence. The price had formed a lower bottom in March, but the RSI formed a higher low, adding further bullishness to the stock. PSAR continues to remain in buy mode. Thus, the formation of higher tops and higher bottoms, breakout from the resistance level, increased volumes, and PSAR in a buy mode lays the ground for a potential upmove in the stock by 6%. Any move below Rs. 137 should be considered for moving out of the stock. Foram Chheda, CMT, is a Technical Research Analyst.
Yahoo
06-04-2025
- Business
- Yahoo
FxMagnetic Launches Parabolic Trader: A Smarter Way to Trade with Prop Firms and Personal Accounts
LONDON, April 06, 2025 (GLOBE NEWSWIRE) -- FxMagnetic, a provider of intuitive trading tools, announces the launch of FxMagnetic Parabolic Trader, the latest addition to its expanding FxMagnetic Suite. Designed for MetaTrader 4 and with a MetaTrader 5 version currently in development, the new software enables traders to create, backtest, and automate strategies using the Parabolic SAR (PSAR) indicator—without requiring any programming skills. Built specifically for traders working with prop firms like FTMO, The5ers, and others, as well as individual traders managing their own capital, FxMagnetic Parabolic Trader combines technical sophistication with ease of use. It allows traders to build and refine trading strategies directly on the chart, execute thousands of backtest simulations, and review detailed statistics such as win rate, max drawdown, and return/drawdown Optimization Without Code One of the defining features of FxMagnetic Parabolic Trader is its ability to simulate thousands of strategy variations based on the PSAR indicator and prebuilt logic. This enables traders to uncover winning combinations of parameters that fit their trading style—whether trend-following or reversal-based. In addition to core features like chart-based backtesting and visual trade signals, the software includes several innovative capabilities that appeal to prop traders and personal account managers alike. Advanced Filtering: Time-Based Trading Control The Time Filter feature lets users define specific periods of the trading day during which trade signals can be generated—for example, 08:30–13:00 and 16:00–21:00. This enables traders to focus only on desired market sessions, such as the London and New York overlaps, improving alignment with volatility windows and avoiding low-liquidity periods. This level of control gives traders the ability to refine their strategy based on personal preferences or firm-specific trading rules—a key requirement for those managing prop firm evaluations. Failsafe Guard: SL/TP Recovery Mechanism Another critical addition is the newly introduced Failsafe Guard, an SL/TP (Stop Loss / Take Profit) recovery mechanism that addresses a common concern among traders: the risk of unprotected trades due to broker-side execution issues. If a trade opens without SL/TP due to temporary limitations, the Failsafe Guard will: Retry applying SL/TP as soon as broker conditions allow. Close the trade immediately if the price moves beyond intended SL or TP levels before protection is applied. This added protection reduces the risk of large losses due to technical execution delays, offering an extra layer of risk management automation—a feature especially important for prop firm traders who must adhere to strict drawdown rules. Visual Strategy Design with Instant Feedback Instead of using spreadsheets or coding custom Expert Advisors, traders can now visually design and test strategies right on the MetaTrader chart. Each signal appears on the chart, with color-coded entry and exit points, providing instant clarity on how a strategy performs historically. Combined with powerful metrics, this helps both beginner and advanced traders make more informed decisions. The vision of the FxMagnetic Suite is to simplify strategy development and automation for all traders, particularly those who need solutions that can function efficiently without constant screen time. This approach supports consistent execution while enabling more flexibility in how and when traders engage with the market. FxMagnetic Parabolic Trader represents an evolution in the way strategies are tested and deployed—especially for traders who value data-driven decision-making and streamlined automation. FxMagnetic continues to expand its ecosystem of tools, building on successful releases like FxMagnetic RSI Trader and FxMagnetic Candlestick Labs. With each tool offering multiple built-in strategies and extensive optimization settings, the suite provides a complete solution for strategy discovery, performance analysis, and automated trading. Media Contact:Rimantas PetrauskasEmail: support@ Disclaimer: This press release is provided by the FxMagnetic. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. 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