first i have to thank you for the amazing good work. Thx!
I'm working live with Parabolic SAR and other indicators since one jear and it works fine. Now i found the Supertrend - indicator. I tested this one and PSAR together and it brings real good results.
So could you do me a favour and combine the Parabolic SAR EA with the Supertrend?
I found the Supertrend on the MQL4 Codebase for free. The copyright is @ Jason Robinson. So i hope it is okay to use it.
I forgot a very important think. The rules for this EA.
if supertrend(green) and PSAR(downside) show buy signal --> buy order;
if supertrend(red) and PSAR(upside) show sell signal --> sell order;
if supertrend changes colour --> close position;
The keynote is: PSAR confirms the maintrend and supertrend is to be used to jumb on it.
Again, it would be very nice if you could write it.
Thx for the fast reply!
I will give this EA a week demo test and will post the result here.
Good weekend @ all.
I need to try this Supertrend, sounds interesting. Meanwhile, I added RSI and OsMA to be used as filtering for Double Parapolic SAR. Here results for 2008+2009 until today, EUR/USD, H4. I haven't fully optimised the parameters, but I have set them like I feel comfortable by myself. I am not happy with my optimisation, since they always work well only for 2008. Impossible to get anything to work for 2007 and backwards. New ideas, interested to hear?
If I understood your question right, yes, I used Double Parabolic SAR as an indicator, based on this thread. Double means fast and slow SAR together. If I have attached wrong files, please, let me know.
Last edited by ryyna; 01-10-2009 at 20:40. Reason: Clarification.
Hello @ all,
I have tested the EA one and a half day on EUR/USD and EUR/JPY on 15 min. and H1 timeframe.
I got out one big problem.
I think it is the same as on the other Supertrend EA. The colour of the Supertrend changes at the open candle (last one). So the EA opens often a position and after that the colour changes.
Do someone know if it is possible to programm that the EA looks/react only based of the last closed candle, where the supertrend doesn't change.
And i have another question,
The situation: Parabolic Sar shows downtrend and supertrend too. So the EA will take short position. The supertrend changes colour and the EA will close the position. After some time, Parabolic SAR still shows same downtrend, the supertrend changes again to downtrend. Will the EA open again a short position?
If someone can read the progammed code and could answer me, this would be very nice. It is very important for the parabolic sar settings.
I hope you understand my explanaition in spite of my bad english.
crissfx, I found the same problem with my version of the supertrend EA. Other wise its a great tool.
What input paramters are you using?