Expert Advisor TrailingByParabolicSAR

Buy TrailingByParabolicSAR Expert Advisor in the store selling algo trading systems

The Expert Advi­sor trails open posi­tions based on the val­ue of Par­a­bol­ic SAR on the same sym­bol. Once the posi­tion prof­it exceeds a val­ue spec­i­fied in the set­tings (it can be neg­a­tive), trail­ing stop is switched on. Posi­tion stop is trailed at the amount equal to the SAR val­ue and at the pre­set dis­tance from it.

Parameters

Posi­tion para­me­ters:

  • Mag­ic­Num­ber (-1 == all posi­tions) — the mag­ic num­ber of the orders to trail. For exam­ple, 100500 — it will trail the stops of the EA that opens posi­tions with the mag­ic num­ber 100500. If you enter ‑1, all avail­able mar­ket posi­tions will be trailed.

Trail­ing para­me­ters:

  • Pips prof­it to run trail­ing — the trail­ing trig­ger lev­el. Once the posi­tion prof­it in points exceeds the val­ue, the EA will start to trail the posi­tion stop based on the Par­a­bol­ic SAR val­ue. The val­ue can be neg­a­tive. In this case, the stop can be set in the region of neg­a­tive gains.
  • Trail­ing only prof­it area — trail stops only when a posi­tion shows prof­it. In this case the stop lev­el will be trailed only when a posi­tion is in the prof­itable area.
  • Steps trail­ing in points. To avoid trade serv­er over­load­ing by send­ing con­stant requests to mod­i­fy stop loss at each tick, this lim­i­ta­tion is used. If the stop has been trailed, now the next mod­i­fi­ca­tion will be made only after the next stop lev­el will dif­fer from the cur­rent one by a pre­de­ter­mined num­ber of points. If set to 3 points, and stop is at 100 points, the next stop mod­i­fi­ca­tion will only hap­pen when the stop lev­el is more than 103 pips.

Para­me­ters of Par­a­bol­ic SAR:

  • SAR’s Step - the step of Par­a­bol­ic SAR.
  • SAR’s Max­i­mum ‑ Max­i­mum Par­a­bol­ic SAR.
  • Used bar SAR — the bar of Par­a­bol­ic SAR, which data are used for posi­tion stop cal­cu­la­tion.
  • Used time­frame SAR — time­frame used for Par­a­bol­ic SAR cal­cu­la­tion. May dif­fer from the time­frame of the chart the EA is run­ning on.
  • Dis­tance from the stop lev­el of SAR in points

Addi­tion­al para­me­ters:

  • Draws graph­ics Yes/No — show/hide graph­ic rep­re­sen­ta­tion of the trail­ing start lev­els and posi­tion stop lev­els.
  • Col­or lev­el for Buy
  • Col­or lev­el for Sell
  • Show objects descrip­tions Yes/No — show/hide infor­ma­tion about the tick­et of the trail start lev­el (the tick­et of the posi­tion to which the lev­el belongs is show on the left of the lev­el). This para­me­ter should be used only when graph­ics is allowed (Yes in the Draws graph­ics para­me­ter).
  • Descrip­tions text size.

Trade order para­me­ters:

  • Num­ber of attempts to trade on fail­ure — the num­ber of attempts to trade in case of trade request exe­cu­tion error. If the serv­er returns some mod­i­fi­ca­tion error, the EA process­es the code returned by the serv­er and sends a sec­ond request adjust­ed under the new con­di­tions. The num­ber of attempts is set in this para­me­ter.
  • Slip­page - price slip­page. This is the dif­fer­ence of the price sent in a trade request and the price of the exe­cu­tion returned by the trade serv­er. If they dif­fer by no more than the spec­i­fied num­ber of points, the lev­el will be mod­i­fied. If the dif­fer­ence is greater, the EA will try to do a sec­ond trade request (as many times as spec­i­fied in the para­me­ter Num­ber of attempts to trade on fail­ure)
  • Use sound Yes/No — a sound alert on exe­cu­tion of trade oper­a­tions.

TrailingByParabolicSAR 

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