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ExpertPSARADX

This Expert uses standard and popular indicators Parabolic Stop, Reverse system and Average Directional Movement Index. It can be used for any symbol and on any timeframe.

It features Trailing Stop, trading with fixed Stop Loss and Take Profit, a possibility to automatically close positions at a relevant strategy signal, separately enabling and disabling buying and selling and filtering the strategy signals by two other timeframes.


Input Parameters

  • TimeFrame - timeframe where the strategy signals are formed.
  • FlagBuy - position 'true' enables automatic buying.
  • FlagSell - position 'true' enables automatic selling.
  • TrailingBuy - position 'true' enables Trailing Stop of the order to buy. The step of Trailing Stop is regulated by the TrailingBuyStop parameter.
  • TrailingSell - position 'true' enables Trailing Stop of the order to sell. The step of Trailing Stop is regulated by the TrailingSellStop parameter.
  • CloseBuy - position 'true' enables automatic closure of a Buy position at negative signals of the strategy.
  • CloseSell - position 'true' enables automatic closure of a Sell position at negative signals of the strategy.
  • FilterTimeFrameBuy - value 'true' enables filtering of buying strategy signals by the signals of two other timeframes. Periods of two other timeframes are defined by the FilterTimeFrameOne and FilterTimeFrameTwo parameters.
  • FilterTimeFrameSell - value 'true' enables filtering of selling strategy signals by the signals of two other timeframes. Periods of two other timeframes are defined by the FilterTimeFrameOne and FilterTimeFrameTwo parameters.
  • StopLossBuy - Stop Loss of the orders to buy.
  • ProfitBuy - Take Profit of the orders to buy.
  • StopLossSell - Stop Loss of the orders to sell.
  • ProfitSell - Take Profit of the orders to sell.
  • TrailingBuyStop- step of the Trailing Stop of the order to buy.
  • TrailingSellStop - step of the Trailing Stop of the order to sell.
  • FilterTimeFrameOne - period of the first filtering timeframe.
  • FilterTimeFrameTwo - period of the second filtering timeframe.
  • sar_step - step of the PSAR indicator.                 
  • sar_maximum - maximum step of the PSAR indicator.
  • sar_speed - speed threshold of the PSAR indicator, passing which the indicator will be considered damped.
  • ma_period - period of a MA against which damping of PSAR is measured.
  • adx_period - ADX period.

Parameters are set for the currency pair EURUSD and M30 chart by default.

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