trendchaser psar

Hi trendchaser,

Are you still using m5 psar=0.00038 max=0.011 for GBPJPY?

I think this is already very good. Is the m30 setting that you just mentioned even better?

hksweeper

im using the m5, the m30 showed better in tester
but i close trades manually n the m5 looks like better entries

any1 been running this ea on real account

its been doing pretty good just using gbp-jpy

I am also running it on GBPJPY only.

I use your auto M5 setting, and I close part of the trade manually.

The result is quite good. Hope it will keep going.

Once again, thanks for this EA.

Hey TC how have you been? I popped a Guiness in your honor...

Quick question.. I loaded the beta2 PSAR onto an AUD/USD 5 min and set to auto, changed the Indy settings to match the EA, it hit and went through the PSAR but no trade??

I have an ODL demo, and I think it is a regular, and I set the EA for regular.

I have attached screen shot.

Thanks for all the hard work.

Also the guy that posted the killer results that put it on some charts with no changes, was that the beta version or a previous?

Thanks

one thing i notice is it says auto tf settings

that dont work on that pair, that was a experimant on gbp-jpy which dont work anyway, it should be false n use classic settings true

whats ur brokers minimum lot size, the way the ea is set up
a mini is 0.01
norm is 0.1
if yours is 1 then its a problem

if thats the case then you gotta manually set it up

set normal acc =false
dis_mm_if_lots_under =1
lots =1

the risk % will be incorect so you may need to add a decimal

like instead of 3 try 0.3

run in tester n see if it trades

i should point out to all that gbp-jpy is the most profitable and you only need trade the 1 pair

Thanks TC I will make changes and run tester.

TC I have no I dea what I,m doing wrong but it is not working for me. Tester gives one trade in 6 months. I have tried multiple setting. I am going to open an IB demo and try it on there.

check ur pm pipsqeaker

the ea recognises two types of symbols
GBPJPYm
GBPJPY

if your symbols are diferent like GBPJPY-pro

then auto settings dont work
and alot of other things to

in the tester if your testing with open price
and the ea is set to treade at cross only
the entries n exits are getting skipped

2 options, set trade at cross false
or use tick data


TC I have no I dea what I,m doing wrong but it is not working for me. Tester gives one trade in 6 months. I have tried multiple setting. I am going to open an IB demo and try it on there.

i added a ea on the first post for closing trades
it doesnt open trades
it closes any trade on the same pair that your running the ea

it uses psar
this has made my manual trading convenient
just turn on n off when u need

default is 0.007-o.2 on m5

doesnt matter which tf you have ea on as long as you set a timeframe

0 for current

Hi,

I downloaded trendchaser_psar.tpl and this template using 0.0023-0.3 default settings.I'm trading g/j.Should i use 0.007-0.2 settings on m5 for g/j?

Thanks

i wasnt alerted there was a post here or i would ha replied sooner
the psar close is a edited version of psar ea

it will close any and all trades on the pair your running
regardless of magic number
itl try every tick regardless of requotes

i created this ea as a tool for manual trades
it will not open a trade

i use this when im in a trade n must leave or sleep

i would like to share how i am using the psar ea
i will upload multiple versions
every version is identicle except the default settings are diferent
as i explain my system youl see why i made multiple versions

il upload 7eral files
the system is best explained in screenshots

this is not 100% automated
by default alerts are on, i like to be woken up when i have a trade
every ea has alerts on exept psar close

90%+ every trade goes into profit
the trick to this system is the art of the exit
entry is easy, its the exits that get us

im using three versions of the ea

the first is trendchaser psar
this ea opens and closes based on parabolic stop and reverse indicator
which comes with metatrader
its instant, soon as you touch a psar dot, it trades

this ea will only open 1 trade per signal
but in order to handle requotes, the ea will retry repeatedly during the same bar of the signal, so lets say u get a buy, and u manually close it, the
ea will reopen it immediatly if your still on the sames bar
but after you get a new bar it will not open any more trades untill it touches
a new psar dot

then theres trendchaser psar instant entry
this ea will open trades no matter when
so do not close a trade while this ea is running, it will re-enter
i use this ea for reentry

finally theres psar close
this ea will close trades only
unlike the other 2 ea,s
it will close any trade regardless of the magic number
i use this ea when im done for the day but have a trade open
it will retry every tick

the first 2 ea,s will only close the trades they opened
so any other robot or manual trades are safe

but psar close will close all trades on whatever symbol ur running it on

now for the art of exiting
im using the t3 indicator from the supernova thread, cause its smooth

im also using fibo indicators that i edited, using a indicator i found on bobokus thread

and a couple of mtf moving averages
these are set to the h4 chart
there values are 10 and 5 to the open
these show me trend direction and possible targets on retracements

now for the best knowlege youl ever hear
i have lost money repeatedly thinking i missed the boat
so the first thing u do is jump on
thats a mistake 90% of the time
if youv missed the trade, wait for the next, i dont care if its move 1000 pips
soon as u enter itl reverse
entering late in a trade usually is high risk, your stop is a mile away going by the rules
and if u break the rules, retracement gets ya
live to trade another day, wait on a new trade

now for the fibos
80% of the time, when 0 or 100 is broken we will hit target 1
trendchaser is already in the trade by then
also iv noticed the weekly and monthly fibo are very strong
price will touch them and reverse
these are your exits

so to sumarise this, were on a 15 minute chart
every 15 minutes you update ur sl according to t3
but if the trend is strong, we can let psar have it

when we hit monthly or weekly fib levels, we tp n call it a day
youl be surprised how price will hit them to the exact pip

in the next few post il upload the indicators and robots
and post some screen shots

heres the rest on the indies

and finally the template

iml skip the screenshots as i think i explained it well

but ask any questions u have

i also put all scripts and experts in my favorites tab
so i can switch easily, il upload scripts now

the buy and sell script uses same mn as the experts
any orders you place with these scripts the ea will manage

i always use these scripts to place manual orders
cause my robots will manage them

also the risk is 5 by defailt, in ea and scripts

they all work together to make this system

for you that know me, you know i made a supernova ea

load supernova on your chart and youl see that psar gets you in a few bars sooner

in some cases means 100 or so pips