Parabolic SAR extreme 外汇EA

Parabolic SAR extreme

• When the Parabolic SAR value indicates an uptrend or downtrend, the EA will open a buy or sell trade respectively, given that all other criteria are met
• This EA allows you to set up to 21 separate Parabolic SAR criteria for the EA to work on 
• There are 3 input parameter sets (SAR1, SAR2, and SAR3)
• Each set allows you to determine the parameters (such as the step and max step) for each set
• And within each set, you get to indicate up to 7 timeframe for the EA to operate in
• Therefore this is an extremely robust tool

Key info

• Works on any pair 
• Recommended capital: $1k – $5k per chart, based on starting lot size of 0.01 
• Use it at your own risk, use capital you can afford to lose

Key features

• Extremely lean code and very fast strategy testing
• Unique and well programmed parameters designed to mitigate risk based on the user’s preference
• Optional Stop Loss parameter allows users to turn the martingale recovery method off:
• you’ll be surprised at the lack of a stop loss function on most martingale EAs
• to do that, ensure that the “Stop Loss” input parameter has a value that is lower than the “Point Step” input parameter

INPUT PARAMETERS

Trade Settings

•  Lots – The lot size of the first trade. If input is less than 0.01, it will be rounded to 0.01 which is the smallest lot tradable with most brokers
•  Lot Exponent – The rate at which the lot size increases
•  Lot Exponent Multiplier – The rate at which the Lot Exponent increases
•  Take Profit – Amount of profit (in points) that has to be earned (per mini-lot) before the trade closes. 
•  TP Multiplier – The rate at which the ‘Take Profit’ level changes (this should preferably be less than 1.)
•  Point Step – The minimum distance (in points) before the next trade is allowed to be placed
•  Point Step Multiplier – The rate at which the Point Step increases

Risk Management 

•  Stop Loss – The amount of loss (in points) that has to be incurred before the trade closes. An input of zero nullifies this input.  
    – (To turn the martingale recovery method off, ensure that the “Stop Loss” input parameter has a value that is lower than the “Point Step” input parameter)
•  Max Open Orders – Maximum open orders allowed, after which, the EA will not open new orders
•  Open Subsequent trades on new candle – If set to true, all recovery (average-down) trades can only open at the start of a new candle
•  Open only if current price is worse off than previous trade – If set to true, all recovery (average-down) trades can only open if all the trades in the set are in a loss

Parabolic SAR Settings

•  Shift – This is the number of bars which the Parabolic SAR value lags by. Use Zero for the latest price, but zero might result in repainting
•  Step –  This is the price increment step or acceleration factor, usually set at 0.02
•  Max – This is the maximum value of a step
•  Timeframe1 – 
• It doesn’t matter what timeframe your chart is set at
• Use this parameter to determine the timeframe which you want the Parabolic SAR EA to operate in
• There are 7 of such parameters, this allows you to use the same set of criteria (Step, max shift) to operate in up to 7 different timeframes
•  Timeframe2 to Timeframe7 – same concept as above