Parabolic SAR Strategy

[spanizh_fly]

I've managed to try with the Tick Sar Indicator
but not much difference.

[GregScuderia]

Hi!

Can you do a strategy with these parameters -if this strategy is done, where can i find it?
Platform is Trading Station.

When daily chart has one full candlestick above (uptrend) or under (downtrend) EMA or SMA 200, the "origial" SAR (in 1 hour chart)buys when on daily chart is in uptrend and sells when daily chart is in downtrend.

Thank you.

[Apprentice]

Your request is added to the development list.

[Jaeger99]

Does this strategy have the ability to be run on Renko?

[dandee]

The timing parameter doesnt seems to be working, I set it to open positions between 05:00-21:00 gmt but its opening positions right through the night, Can someone have a quit look please when you have some time, no rush
Thanks

[Apprentice]

Fixed.

[dandee]

Fixed.

Thanks

[cpc_cs]

Hi Apprentice,

Can you do one modification? This modification will avoid having an open trade in the wrong direction and reduce draw downs.

Current Behavior:
Server time WITHIN time limits specified
Price > PSAR OR Price < PSAR
Close Short (if trade is open) and Open Long OR Close Long (if trade is open) and Open Short

Server time OUTSIDE time limits specified
Price > PSAR OR Price < PSAR
No Action Taken

After Modification:
Server time WITHIN time limits specified (Same as Current Behavior)
Price > PSAR OR Price < PSAR
Close Short (if trade is open) and Open Long OR Close Long (if trade is open) and Open Short

Server time OUTSIDE time limits specified
Price > PSAR OR Price < PSAR
Close Short (if trade is open) OR Close Long (if trade is open)

If needed a switch can be introduced to make this as an option.

Thanks and Regards

S. Joseph

[dandee]

If you are going to modify it please please please have it as an option since the strategy can already close on oposite, the description sounds more like a request to remove the capability to do hedging which some of us want that capability

[cpc_cs]

Dear Dandee,

My intention is NOT to remove hedging option (I did not know there is one). Anyway, I will explain what happens in both cases with an example (see image).

My Trade Settings are:
Instrument: GER20
Time Frame: 15 Minutes
Start Trading: 03:00:00
Stop Trading: 11:59:59 (all times are UTC-5:00:00)

Current Behavior:
11-Dec-2015 @ 03:45 - Price < PSAR
11-Dec-2015 @ 04:00 - OPEN Short Trade @ 10,539
14-Dec-2015 @ 15:45 - Price > PSAR (last candle of the day)
15-Dec-2015 @02:00 - No Action as time is outside Time Limit
16-Dec-2015 @10:45 - Price < PSAR
16-Dec-2015 @11:00 - No Action as there is a Live Short Trade
16-Dec-2015 @14:00 - Price > PSAR
16-Dec-2015 @14:15 - No Action as time is outside Time Limit
17-Dec-2015 @15:45 - Price < PSAR (last candle of the day)
18-Dec-2015 @02:00 - No Action as time is outside Time Limit
21-Dec-2015 @03:15 - Price > PSAR
21-Dec-2015 @03:30 - CLOSE Short Trade @ 10,721 AND OPEN Long Trade @ 10,721

Number of Trades: 1
P/L: 10,539 - 10,721 = -182pips (Loss)

Behavior Based on my suggestion:
11-Dec-2015 @ 03:45 - Price < PSAR
11-Dec-2015 @ 04:00 - OPEN Short Trade @ 10,539
14-Dec-2015 @ 15:45 - Price > PSAR (last candle of the day)
15-Dec-2015 @02:00 - CLOSE Short Trade @ 10,285. No NEW trade as time is outside Time Limit
16-Dec-2015 @10:45 - Price < PSAR
16-Dec-2015 @11:00 - OPEN Short Trade @ 10,482
16-Dec-2015 @14:00 - Price > PSAR
16-Dec-2015 @14:15 - CLOSE Short Trade @ 10,547. No NEW trade as time is outside Time Limit
17-Dec-2015 @15:45 - Price < PSAR (last candle of the day)
18-Dec-2015 @02:00 - No Action as time is outside Time Limit
21-Dec-2015 @03:15 - Price > PSAR
21-Dec-2015 @03:30 - OPEN Long Trade @ 10,721

Number of Trades: 2
P/L-1: 10,539 -10,285 = 254pips (Profit); P/L-2: 10,482 - 10,547 = -65 (Loss)
Overall P/L over the same period: 254 - 65 = 189 pips (Profit)

If you analyze there are lots of situations where this happens (in all instruments and all time frames). Hence my request.

However, as suggested by you, it will be better to keep this as an option for those who do not want to use this.

S. Joseph