Parabolic Sar Advisor lite
The Expert Advisor places pending orders at the points of the Parabolic Sar indicator. After installation, it moves the order after the indicator. In addition to the Parapolic Sar indicator, this adviser uses other indicators for a more correct decision to open a position, so you do not need to interfere in its trading. For example, it defines divergence and convergence.
Some parameters are configurable. But since this is a light version of ParabolicSarPro, the number of adjustable parameters is less. On the other hand, it is easier to work with the lite version of the adviser, and its cost is less.
Expert Advisor Input Parameters:
Lots - lot size;
Magic - a unique identifier (it is necessary to do it differently, if several advisers are running in one terminal);
MaxSpread - maximum spread for opening a trade (for accounts with a floating spread, so that a trade is opened when the spread is not too large);
Take Profit - take profit (in points);
Maximum Stop Loss - the maximum value of the stop loss. When the Parabolic points relative to the opening of the order become less than this value, the Stop Loss is reduced by points (with an active trailing stop);
Parabolic Step - Parabolic indicator step;
Parabolic Maximum - Parabolic indicator Maximum parameter;
TrailingStopValue - simple trailing stop value in points (at 0, simple trailing is not used);
TrailingStopOnParabolic - enable or disable trailing stop on a parabolic;
Period RSI for divergence - period of the RSI indicator for finding divergences (0 - do not use RSI divergences);
Count bars for divergence RSI - the number of bars back where the divergences will be checked and convergence on the RSI indicator will take place;
Count bars for divergence AO - the number of bars where the divergences will be checked and convergence on the Awesome Oscillator indicator (0 - off);
MinDivergencesPower - the minimum number of detected divergences (or convergences) for trading (1-3);
RemoveStopOrders - enable and disable removal of pending orders when there are no divergences;
Count bars for divergence AC - number of bars where divergences will be checked and convergence on the Accelerator Oscillator indicator (0 - off);
PeriodMA - period of a simple moving average;
LevelATR - the minimum level of the ATR indicator. To reduce transactions in periods of low volatility.
ATRPeriod - period of the ATR indicator;
RemoveByAtr - remove pending orders with low volatility;
Trading start hour - the hour to start trading;
Trading end hour - the hour of the end of trading.