Good evening,
currently I'm testing a very simple but promising system. It's based on the Parabolic SAR and one SMA. The charts aren't messy, but since I'm looking at five different currencys at once sometimes it's a bit confusing.
The basic idea is that the SAR works well in trendy markets but fails in ranges. To avoid this problem I'm using the SMA35 (close) to filter the SAR signals: sell signals are significant if the price is below SMA35 an the other way around. Sometimes it's hard to focus on five pairs and wether they're above/below their MA or not while having a look at the current SAR level. Especially because I'm trading this on M1.
Because of that I was wondering if it would be possible to put all these information in just one symbol: a green point or another symbol if trading setups are valid and a red one if there's no definite signal.
To make it easier here's an overview of the strategies content:
TF is M1
MA used is SMA35 (applied on close)
buy if the Parabolic SAR gives a long signal but only if the price is above the MA
sell if the SAR gives a sell signal but only if the price is below the MA
So if the price is below SMA35 but the SAR gives a buy signal, the indicator should be red, same if the price is above the SMA35 and SAR says sell. If both factors match the indi should be green.
It would be great if someone can help me with this so I can test the strategy a few more weeks to see if it's profitable.
Greetings
PS Since I've heard that somtimes there are small differences in the indi-code, I've attached my version of the Parabolic SAR. It should be the "normal" one because it was installed as I downloaded MT but I want to make shure we're talking about the same code.
currently I'm testing a very simple but promising system. It's based on the Parabolic SAR and one SMA. The charts aren't messy, but since I'm looking at five different currencys at once sometimes it's a bit confusing.
The basic idea is that the SAR works well in trendy markets but fails in ranges. To avoid this problem I'm using the SMA35 (close) to filter the SAR signals: sell signals are significant if the price is below SMA35 an the other way around. Sometimes it's hard to focus on five pairs and wether they're above/below their MA or not while having a look at the current SAR level. Especially because I'm trading this on M1.
Because of that I was wondering if it would be possible to put all these information in just one symbol: a green point or another symbol if trading setups are valid and a red one if there's no definite signal.
To make it easier here's an overview of the strategies content:
TF is M1
MA used is SMA35 (applied on close)
buy if the Parabolic SAR gives a long signal but only if the price is above the MA
sell if the SAR gives a sell signal but only if the price is below the MA
So if the price is below SMA35 but the SAR gives a buy signal, the indicator should be red, same if the price is above the SMA35 and SAR says sell. If both factors match the indi should be green.
It would be great if someone can help me with this so I can test the strategy a few more weeks to see if it's profitable.
Greetings
PS Since I've heard that somtimes there are small differences in the indi-code, I've attached my version of the Parabolic SAR. It should be the "normal" one because it was installed as I downloaded MT but I want to make shure we're talking about the same code.
Attached File(s)
Parabolic.mq4
6 KB
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357 downloads