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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
![](https://c.mql5.com/21/36/image__27.png)
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
![](https://c.mql5.com/21/36/image__28.png)
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.
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