Thread: Parabolic SAR EA

Originally Posted by automatic

hi

can someone list an explanation to the parameters. I'd like to give this a go but am not sure about what all the parameters mean.

thanks

Hi automatic,

Welcome!

extern string SMA = "---------------- SMA";
extern double SMAPeriod=100; //period of the simple ma
extern string Lot1 = "---------------- Lot Management";
extern double Lots = 0.1; //lots
extern int mm = 0; //money managemet 1=enabled
extern double Risk = 10; //percentage risk
extern string Tstb = "---------------- TP SL TS BE";
extern bool RealStopLoss_Enabled = false; //for SL under 15
extern int RealStopLoss = 5;
extern bool RealTakeProfit_Enabled = false; //for TP under 10
extern int RealTakeProfit = 10;
extern int StopLoss = 0; // stop loss
extern int TakeProfit = 0; // take profit
bool TradeAtCloseBar = false; //orders sent if signal confirmed
extern bool Reverse = false; //reverse of the system
extern int TrailingStop = 0; //trailing stop
extern int TrailingStep = 1; //margin in pips allowed to the price before to enable the trailing stop
extern int BreakEven = 0; //break even
extern string Extras = "---------------- Extras";
extern bool CanAddPos=true; //cumulate positions
extern int MaxOpenOrders=100; //maximum opened orders
extern int MagicNumber=0; //magic number

Originally Posted by automatic

thanks. i was actually thinking of using the first post basic ea. i have been on live trades manually and it works ok for me. i think why some ea get a poor test is because people think there is one set of parameters of an ea that can cope with three different trading sessions each with their own characteristics depending on the currency? in my experience ea's need to be optimised for the characteristics of each session.

thanks again.

Correct,

Don't forget to share your detailed statements and the settings if you get interesting results in demo or backtesting.

Originally Posted by automatic

on the parabolic sar ea parameters what are

repeat and periods. the current setting is 3 and 5

The code will try several times to send the alerts if it doesn't work at the beginning.

Originally Posted by automatic

does reverse mean it will close the trade then open a new one when sar changes?

No it will simply reverse the system, buy instead of sell, sell instead of buy.

Originally Posted by automatic

breakeven : how does that work? what value does one put in it?

thanks.

The code will move your stop loss to the open price + breakeven when it will be possible.

hi

i do not understand what the ma filter does. how does it affect buy sell orders?

thanks

edit

what would be useful is a condition to only buy up sar signal if above an ma and only sell down sar signal below ma .

this in effect would then be similar to the manual system of hector trading.