Amend my PSAR Indicator.

MQL4 Göstergeler Uzmanlar C++ Forex

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Amendment of PSAR Indicator.

I have an indicator called PSAR indicator, that needs amendment. The Amendment is only on display no amendment on the functionality of the EA:

Correction 1

Include two more chart displays on the top left corner of my PSAR indicator

1.       Trade condition = XXXXX

2.       Trade Decision = xxxx


A.      Change green horizontal and vertical line to blue if there is a buy condition/alert, then Trade condition = Strong buy trend && Trade Decision =  Open Buy Order

B.      Change green horizontal and vertical line to red if there is a sell condition/alert,  then Trade condition = Strong Sell trend && Trade Decision =  Open Sell Order

 

 

Correction 2

BUY CONDITIONS

Scenario 1

If the current pair with the PSAR indicator is an active or running trade &&The running pair is a buy trade && The current price is above the buy entry point && The PSAR calculated value is >=1

Then, the displays will be:

1.       Trade condition = Strong Buy Trend

2.       Trade Decision = Hold buy trade (Let this be color blue).

 

Scenario 2

If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is above the buy entry point && The PSAR calculated value is < 1

Then, the displays will be:

1.       Trade condition = Weak Buy Trend

2.       Trade Decision = Exit trade (Let this be color blue).

 

Scenario 3

If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is below the buy entry point && The PSAR calculated value is  >= 1

Then, the displays will be:

1.       Trade condition = Recovery Buy Trend

2.       Trade Decision = Hold buy trade (Let this be color blue).

 

Scenario 4

If the current pair with the PSAR indicator is an active or running trade && The running pair is a buy trade && The current price is below the buy entry point && The PSAR calculated value is  < 1

Then, the displays will be:

1.       Trade condition = Loss Trade

2.       Trade Decision = Exit Buy trade (Let this be color blue).

 

 

Correction 3

SELL CONDITIONS

Scenario 1

If the current pair with the PSAR indicator is an active or running trade &&The running pair is a sell trade && The current price is below the sell entry point && The PSAR calculated value is >=1

Then, the displays will be:

3.       Trade condition = Strong sell Trend

4.       Trade Decision = Hold sell trade (Let this be color red).

 

Scenario 2

If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell  trade && The current price is below the sell entry point && The PSAR calculated value is < 1

Then, the displays will be:

3.       Trade condition = Weak sell Trend

4.       Trade Decision = Exit trade (Let this be color red).

 

Scenario 3

If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell trade && The current price is above the sell entry point && The PSAR calculated value is  >= 1

Then, the displays will be:

3.       Trade condition = Recovery Sell Trend

4.       Trade Decision = Hold Sell trade (Let this be color red).

 

Scenario 4

If the current pair with the PSAR indicator is an active or running trade && The running pair is a sell trade && The current price is above the sell entry point && The PSAR calculated value is  < 1

Then, the displays will be:

3.       Trade condition = Loss Trade

4.       Trade Decision = Exit Sell trade (Let this be color red).

 


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