Double PSAR

MQL4 Experten

Spezifikation

Some code isn't so good.  Coders should code.  I want solid code, not copied, not from EA Builder or similar tool.

Please see written requirements and rules below.

Please see picture attached.

I hope these are clear.

GBPUSD, H1, September 12-20, 2024

How closely can your coding match the picture?

Indicators:

PSAR  Step:  .01  Maximum:  .01
Advanced PSAR Start AF: .02  Step:  .02  Max AF:  .2  
MACD Colored  Fast:  50  Slow:  100  Signal:  20
Moving average:  100SMA

Everything must be FIFO compliant.
No hedging.  One direction at a time.

Initial lot:  X  (as small as .01 lots)
Lot growth exponent:  X  (such as 1.1 or 1.2 where the next entries grow by this factor)

Set SL:
at X pips from entry.  if 0 then not used.

Enter Long:
All must be true:
PSAR dot first appears below
MACD Green
Price has closed above MA

Add-on Entries:
For longs, as price moves up, add position every X pips.
Exit by Trailing Candle stop: Stop loss will move to the low of X candles back.
First in, First out:  The oldest lots are closed first.  Trades are always closed in the order in which they were opened.

One trade series per signal.  
After a stop out from trailing candle there will probably be an Advance PSAR opposite indication.  
This will not be a valid signal because PSAR continues to show long.  Wait for valid signal and re-enter.

Enter Short:
All must be true:
PSAR dot first above below
MACD Green
Price has closed above MA

Add-on Entries:
For Shorts, as price moves down, add position every X pips.
Exit by Trailing Candle stop: Stop loss will move to the high of X candles back.
First in, First out:  The oldest lots are closed first.  Trades are always closed in the order in which they were opened.

Opposite valid signal for shorts:
All must be true:
PSAR dot first appears above
MACD Red
Price has closed below MA

End of Trend Exit:
Close all open trades if candle closes on the opposite side of the MA
Re-initiate trading series at next valid signal, long or short.

Dateien:

JPG
double PSAR.JPG
215.4 Kb

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