Need assistance on EA(Parabolic SAR)
Hi
My mt4 programming skills are very limited
I've manage to create a simple EA with a EA builder platform
The section that I can't seem to get right is to allow the Ea only to take a trade on any of the first 3 dots of the parabolic SAR if it goes on the 4th dot no trade will be allowed
How do I tell the EA to take only trades on first 3 dots
Do I use the step or shift section like below ?
Buy example of the parabolic star section of the EA
Thanking you in advance
When psar trend (dots) switches (from up to down or down to up ) you can easily set a trade,cant you
Why do you need to check the 3 first psar's dots.
When psar trend (dots) switches (from up to down or down to up ) you can easily set a trade,cant you
Why do you need to check the 3 first psar's dots.
The psar is part of my strategy . I have a few other indicator that needs confirmation before a trade can be taken
So if all the other indicators are confirmed and the psar is on any of the first 3 dots then take the trade
That's why I need to check if the psar is on any of the first 3 dots
>oldTime, newTime avoid to trade in every tick ( trade allowed only when new psar dot is opened )
>function psarSwitch() checks where psar dots are situated in comparaison with prices
>tradeDirection checks if psar dot is in trend continuity or if it's newly switched direction
>otherIndicatorSignal depends on your other indicators signals
//global variables datetime oldTime, newTime; int checkingFirst3Dots = 4; //---------------------------------------------------------+ int OnInit(){ oldTime = Time[0]; return(INIT_SUCCEEDED); } //---------------------------------------------------------+ void OnTick(){ // Here your other indicators signals. bool otherIndicatorSignal = FALSE; //Set it TRUE if they acknowledge. //psar is checked on only new open bars. newTime = Time[0]; if (oldTime != newTime){ oldTime = newTime; // double oldPsarDot = iSAR(_Symbol, _Period, 0.02, 0.2, 1); double newPsarDot = iSAR(_Symbol, _Period, 0.02, 0.2, 0); int tradeDirection = psarSwitch(newPsarDot, oldPsarDot); // is psar newly switched ? if (tradeDirection != -1) checkingFirst3Dots = 0; // if (checkingFirst3Dots < 4) checkingFirst3Dots++; if ((otherIndicatorSignal == TRUE) && (checkingFirst3Dots != 4)) { //Here check first if a trade is already opened. //If not your strategy allows to take a trade } } } //---------------------------------------------------------+ int psarSwitch(double now, double old){ /*this function returns : OP_BUY value if psar switches from down to up trend or OP_SELL value if psar switches from up to down trend or -1 in neither case*/ int a = -1; if ((Low[0] >= now) && (High[1] <= old)) a = OP_BUY; else if ((High[0] <= now) && (Low[1] >= old)) a = OP_SELL; return(a); }
I hope its ok
Please how can you make the parabolic sat buy or sell at the first candle only... I have been trying to do dat but it keeps on buying or sell till a new dot appears...
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Hi
My mt4 programming skills are very limited
I've manage to create a simple EA with a EA builder platform
The section that I can't seem to get right is to allow the Ea only to take a trade on any of the first 3 dots of the parabolic SAR if it goes on the 4th dot no trade will be allowed
How do I tell the EA to take only trades on first 3 dots
Do I use the step or shift section like below ?
Buy example of the parabolic star section of the EA
Thanking you in advance