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Originally Posted by david.jukl  Hello Batchboy! SAR doesīt work well in side trend. It works perfect in uptrend, downtrend, but not when thereīs no trend.... Any suggestion for recognition of trend or modification? Thatīs why I test this simple stategy here |
David,
Hmm, I guess since recently EA's are now required to have gone thru live testing, but you got in under the radar being that testing for yours is now over 3 months, ok, no prob.
If I had an Indicator that could indicate trend, I'd be a millionaire (new movie name, instead of "slumdog millionaire" it be "FX millionaire").
But maybe something that comes close could help so that your P.SAR kicks-in at whenever time your, there are some free indicators at mqlsoft.com, look at charts with one of those indicators and your P.SAR indicator and see if there is a method that can be programmed.
That's what I did with upcoming new EA being programmed by 1ka, ("Invisible FX Landscape", new thread regarding that). I started anew by facing chart and putting up some indicators and conceiving what could be needed. One thing might be possible for you is retracements as a kind of "trend", you know where they always are, after a trend, just look at chart with RSI &/or RVI and see that during the trend these are "high" in one direction or the other so you would have a set-up = 1 (what I'm having done in new EA), thing is it's not always some jolly good reverse trend, but it could be better than 80% of the time "in a pig trough" wriggling around in a consolidation period over and over! Follow? I say "could be better", take a look at chart, and see if you want to "take your chances" in that route, because retracements may only be a a small wriggle half the time, but it's better than 80% of the time (heard that is ballpark % of time in consolidations vs. trend?) sloshed around in consolidation periods, no? A thought.
Amazing what your P.SAR had done this well being only 1 indicator and needing be applied only in 20% of the time periods re: "trends", pretty amazing considering! But despite that wonderment, it's best if a method can be arrived at.
jb