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Old 2008-12-10, 05:19 AM   #21 (permalink)
1ka
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Trader for 0 - 1 year
Location: UK
Posts: 127


Trading Demo with:
IBTrader EA
Default

This EA uses the SAR calculation, unsurprisingly. It basis its decision on whether to open or close a trade based upon the difference in the current and previous SAR values. Adding an SL will change the nature of the EA and may cause more lost trades based upon hitting the SL, rather than letting it run.

As with all single indicator EA's, they can do well. However, they usually hit problems as the decision to trade is, being based upon one indicator, not always a good one.

If you want to try it, then I've modified the code to add a new StopLoss variable, initially set to 50. It's woeful.
Attached Thumbnails
Parabolic SAR robot Review-picture-2.jpg  

Last edited by PipCop; 2009-05-02 at 11:31 AM. Reason: Code removed at at request of David Juki
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