Hello,
I would be interested to have an EA based on PSAR that works across multiple timeframes.
I am trading MTF setups, looking for trend on a longer timeframe and for entries and exits in the direction of that trend on a shorter timeframe. To illustrate this with PSAR, I want to be in a trade when the PSAR is broken on the trend timeframe, but only when the entry timeframe PSAR is aligned in the same direction.
Specifically, I would like the PSAR to work in only one direction on the entry timeframe (enter when price moves in trend direction, stop but do not reverse when it goes against trend direction) and in both directions on the trend timeframe (stop and immediately reverse). Ideally, timeframe settings for trend and entry, as well as PSAR properties, would be configurable by the user in the EA properties.
FXCM on their forum offers a single-timeframe PSAR-based EA (#7 on the linked page):
http://forexforums.dailyfx.com/exper...-advisors.html
Unfortunately, the source code is not posted, only the compiled file, so it is not possible to peak inside. I guess I could put this on two different charts with separate magic numbers and have the one on the quicker timeframe trade only in one direction, but then I have to watch for when the longer timeframe flips and change the settings, possibly resulting in missed trades.
I am not a programmer and I cannot pay for somebody to program this. If somebody happens to have an EA like this and is willing to share, or if somebody is happy to try programming this as an exercise, I would be very grateful for your help!
Cheers,
Jesper
I would be interested to have an EA based on PSAR that works across multiple timeframes.
I am trading MTF setups, looking for trend on a longer timeframe and for entries and exits in the direction of that trend on a shorter timeframe. To illustrate this with PSAR, I want to be in a trade when the PSAR is broken on the trend timeframe, but only when the entry timeframe PSAR is aligned in the same direction.
Specifically, I would like the PSAR to work in only one direction on the entry timeframe (enter when price moves in trend direction, stop but do not reverse when it goes against trend direction) and in both directions on the trend timeframe (stop and immediately reverse). Ideally, timeframe settings for trend and entry, as well as PSAR properties, would be configurable by the user in the EA properties.
FXCM on their forum offers a single-timeframe PSAR-based EA (#7 on the linked page):
http://forexforums.dailyfx.com/exper...-advisors.html
Unfortunately, the source code is not posted, only the compiled file, so it is not possible to peak inside. I guess I could put this on two different charts with separate magic numbers and have the one on the quicker timeframe trade only in one direction, but then I have to watch for when the longer timeframe flips and change the settings, possibly resulting in missed trades.
I am not a programmer and I cannot pay for somebody to program this. If somebody happens to have an EA like this and is willing to share, or if somebody is happy to try programming this as an exercise, I would be very grateful for your help!
Cheers,
Jesper
