Parabolic SAR EA with default settings

I have an idea if you can build an EA with the default parameters of parabolic sar. It would work where it would open a trade at the beginning of a new direction right at the dot. The trade would continue until a change of direction with a dot appearing in the opposite direction. Then it would close the trade and immediately open a new trade in the new direction and keep continiung this way. I've back tested this on the 4 hr and daily charts and parabolic sar works great on these time frames. GBP/JPY, CAD/JPY and EUR/JPY work extremely well but any pair would be o.k. yes there are some losing trades but the winners are generally much bigger and you can make continuous profits. It doesn't seem to difficult to build and I think it would have mass appeal. Using parabolic sar to open a trade at the beginning of a candle where the dot has just appeared and continue until a change of direction with a dot in the opposite direction , immediately close previous trade and open a new trade in the new direction.

Can someone buildd this EA for everyone to use?




parabolic sar does not repaint and once the signal is there it stays constant. What do you think? This would make alot of money trading! Let me know. Thanks, Paris

Someone on babypips was working on one. Check over there.

I will give this a shot. I am sort of new to programming indicators so no promises, but this sounds easy.

I have made some progress, I will have this done by tomorrow since it is late here. What about default Stop Loss levels or Trailing Stop? Any other variables?

Hello,
I am looking for this too.I already tried the babypip one but it changes when the candle is not closed like crazy monkey and send you tons of alerts or emails.
I'd like the one with one change.Could anybody help please
thanks

Hey Mike!

Trendchaser has a PSAR EA he is working on. He seems to be still ironing the flaws out, but it really seems to be good! And he is a tireless worker - especially on certain liquids! :

Greetz!
Gnat

I gave it a shot. I think there still might be some minor things to deal with. There also seems to be some slippage, that I would have to look at a live chart to understad how to fix.

Please let me know if this is close to what you were trying to acheive.

If you want to filter out small trends or ranging or choppiness you may want to think about adding two or more other indicators as a confirmation. Trust me, it works well and ensures risk is limited as you can get with this kind of strategy. Sometimes I think the best indicators are free.

I noticed that the stop loss wasnt working, so I fixed that. I am going to add one more criteria to avoid the EA from making multiple bad trades in a row by stating that if the last order was a buy, only allow a sell on the next trade, and vice-versa.

Thank you so much.Yes I already saw it.The problem is I don't know how to work with EA.so I have to do it manually.

Again thanks for heads up.

Good Luck
Mike

yes.I use SAR with colored MACD and RSI in m15 time frame.

Mike

Features ----
Added optional trailing stop
Added a rule to prevent double trades in the same bar

Please feel free to use and provide feedback as needed. I am a new programmer so I can get all the advice I can get.

Thankyou, I'll try it. Paris

I am using a similar system for my manual trading. Can you please share with me how long you've been trading using this setting and your success, how many winning/losing trades and what profit, etc?

The way i am trading right now manually has zero loss. If I could clear up some of the lag I would make an EA more advanced based on a simple system that already works manually. Just to maximise higher profits per trade and prevent false signal but my system has little false signal but then I ignore it when manually trading. If I make my system into an EA it will need to be scalp EA to minimise loss I think. Ideally though it also needs to catch big moves..just think more risk is involved then. What my system may have a problem with is when not to trade. I will update this thread on my progress with fine tuning it.


Thanks