Funyoo, I had been developing a similar EA for Parabolic SAR because I noticed with just the indicator on a chart how well it matched up with buy or sell history. I actually went thru a whole week using the vHandsTrade simulator and just a psar indicator and noticed that I was getting an 80% hit rate using a 10 pip take profit and a 15 pip stoploss.
It is amazing how the simplest is sometimes the best! Thanks for this EA. A big improvement to the call using double psar and ADX.
If I make any mods/additions I will be sure to post them.
(Can't wait 'til Monday to start pipping!)
David "PIPWatcher" Lynch
(until Feb 2009, I have been heavily involved in developing strategies for NinjaTrader platform. How nice it is to see a system that backtests using ticks instead of closes, and bid/ask spreads in the computations. I am hooked on MQ4 forever now!)