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Thread: PSAR EXPERT

  1. #1
    Trader Hukam's Avatar
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    PSAR EXPERT

    Lets Discuss about Parabolic Sar indicator first:

    Parabolic sar indicator was developed by J.Welles Wilder, It is called as parabolic time or price system. Sar means Stop and Reverse in the market. Parabolic sar is one of the popular trend following indicator's in the market and there are many other advantages of it too. Trader's use it to check stop and reversal, they use this indicator to check support and resistance points for entry and exit.

    Attachment 12801

    Parabolic indicator functions are very easy to understand and anybody can apply this indicator very easily on forex trading charts. Parabolic sar indicator show a series of dots either above or below the market price. A small dot placed below when a market uptrend take place and same like that a small dot place above the price when a downtrend market condition appear in forex market as shown above in the chart.

    Parabolic Sar EA:

    Parabolic sar is a forex automating trading software which use the support and resistance points to enter in the market or to enter in the trade. There are many types of parabolic robots in the market but I think this EA would help you to make good consistent money with the help of support and resistance points. You will able to see a buy entry when market will break a resistance level and a sell entry generated by robot when market breaks a support level.

    Characteristics of Parabolic Sar Ea:

    1. Good support and resistance beak outs level entries.

    2. One of the best trend follower EA, so good for trend followers and lovers.

    3. Few and powerful long term signals with fifty pips take profit and fifty pips stop loss.

    Principles of Parabolic Sar EA:

    1. The trading strategy I have already discussed with you, EA works well with support and resistance levels. This indicator is good for all technical traders.

    2. This risk and reward is 1:1 in this EA, so you have to be very careful with your management, you can set very low lot size to get slow and consistent profit.

    3. Robot is working with 0.10 lot size for each trade, it will not open many more positions until it would not close the first one.

    Parabolic Sar EA trading Parameter's:

    First of all I want to tell you folks, that robo trading is a very new thing for me and right now I am working with the default EA setting or trading parameter's. According to me one thing that trader's have to change in this robot that is their lot size they have to reduce that to 0.01, 0.02, or 0.03 right now its working with 0.10 in default setting. I am testing the default EA setting right now and hope you would also like to use the same.

    Testing Results:

    I have tested June 2015 back testing today and EA robot showing wonderful result so far. Till 30th June 2015 its showing a great trading performance. I tested a $500 trading account and it convert that $500 in $798 USD. That is almost 300 USD profit. I would suggest trader's to test it for few more months, if they want to use this robot in real trading accounts.

    Attachment 12802

    Attachment 12803

    My Personal opinion and recommendations on the advisor:

    Frankly speaking I am a manual technical trader and I don't have much experience of robot trading, if you want to use this robot in real trading account then at first please test this in demo trading account. Because I have tested this robot only for one day, and I don't think that it would be enough to use this robot in real trading account. We all know that there are many kinds of robots in the market and its very hard to find out the best one, just work with this too same like other's and if it works for you then sure you can run it in live trading account.

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  2. #11
    Trader Hukam's Avatar
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    Quote Originally Posted by PROPENSITY100 View Post
    Hi friend you have a good thread. For the reality, I admit that many threads or almost all are better than me. I did not got involved in this contest much because I had some other works. But I am happy that some of the members (as not many participated in the contest ) Performed quite well. Will be happy to see you get a good Winning place.
    I think khimi234 is right mate, But you at least joined the contest and shared about your ea we don't need more than that mate. You are giving your 100 percent in forum posting too, we all are on the same boat and we all are performing equally in this contest.

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  3. #12
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    Top quality of answer sir Mr.Hukam, Yes we all are one the same boat and I am sure that moderator's would give every contest participate some reward for his or her work.

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  4. #13
    Trader Hukam's Avatar
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    Your welcome mate, I have also the same feeling about the reward like you mate

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  5. #14
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    you have good explanation on your thread, it makes me remember the good old time i was using only the parabolic SAR for my trading. it was not a good results actually but it worth the training i had with it. i know the robots on the indicator will have better results than when human is controlling the indicator. the test performance you issued is good for trying.

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  6. #15
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    Trading in the forex market with a proper EA is really crucial thing to do. You can make good decisions when you cant remain i front of the trading screen. And also when you trade forex market with a proper plan you dont have to trade manually anymore just wait and watch.

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  7. #16
    Trader layigold's Avatar
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    Quote Originally Posted by Hukam View Post
    Frankly speaking I am a manual technical trader and I don't have much experience of robot trading, if you want to use this robot in real trading account then at first please test this in demo trading account. Because I have tested this robot only for one day, and I don't think that it would be enough to use this robot in real trading account. We all know that there are many kinds of robots in the market and its very hard to find out the best one, just work with this too same like other's and if it works for you then sure you can run it in live trading account.
    It will be very wrong of any trader to just download an EA and thereafter attach it to live account without subjecting it to series of trial on demo account.Even if the EA has a very good past record of profitable trades, still wisdom demands that one should demo trade with it first. I will not use this type of EA that uses just only parabolic sar as the the condition for placing a trade

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  8. #17
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    Quote Originally Posted by layigold View Post
    It will be very wrong of any trader to just download an EA and thereafter attach it to live account without subjecting it to series of trial on demo account.Even if the EA has a very good past record of profitable trades, still wisdom demands that one should demo trade with it first. I will not use this type of EA that uses just only parabolic sar as the the condition for placing a trade
    Yes even nobody knows that what will happen next in the market the patterns can be change so many time and old history of success don't show any sign of success in future but a longer time of trading would surely put some positive impact, 1 to 2 year's of trading would be good to know that how much profitable a trading EA in forex market. Demo account would be good to test our robots and later then we can put some money in real account and can test ea in real account as well.

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  9. #18
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    Its a cool indicator but I dont like using it because when you look at your trading account and chart the account has to be really clean for visual purpose and I think trading to much with a lot of trading effect will make it really tough in some cases

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  10. #19
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    parabolic sar s a good indicator and making of expert fr it is a good thing and will be profitable during trending, but in side way market it will not work well so the expert may open wrong trades and can not be able to manage it, the trader should be careful when he use this expert and he should test it first before trading to see it work well or not.

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  11. #20
    Trader YoyO_o's Avatar
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    but parabolic SAR pattern still can give false signal also, but from my experience, SAR pattern very rare give me false signal, so pattern is a good way to used as our tools to make analysis

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