AO_PSAR EA

I seek a simple EA that trades based on signals from awesome oscillator and Parabolic SARS.

EA opens trade based on setup as shown in diagram.

Conditions for LONG & SHORT positions

1.      At point A, Awesome Oscillator (AO) just turned from red to green, indicating bullish tendency, EA must not open trade at this point but must wait for confirmation from PSAR (at point B).  When bullish move is confirmed by PSAR dot, EA opens a trade and places SL at the dot formed.

2.      Long trade is only to be closed at the point where AO changes from green to red (and vice versa).

3.      Notice that EA did not to open SHORT position immediately AO turned red (at point C); but must wait for point D to occur (ie, when price/candlestick changes the direction of PSAR) to confirm bearish move. It is at this point that EA opens SHORT position.

Additional note

Please note (as previously stated) when a position is opened (in this example SHORT at point E) and it closes due to change in color of AO (at point F). Note that in this case a LONG position cannot be opened, because PSAR dot did not confirm a reversal to bullish trend; so if AO turns RED again (as it did at point G), new position must be opened at point G (using current position of PSAR dot to set SL).

Also, once EA is activated on any chart, it should open new trade based on current setup of indicators (PSAR & AO)

Key EA input parameters

1.      Ability to use fixed lot size & percentage of equity

2.      Breakeven & trailing stop

3.      Ability to set Take profit in ratio to Stop loss. Example: TP =  x1, x2, x3 of stop loss distance.

4.      Maximum number of traders/per day EA must limit itself to opening.