Parabolic SAR robot Review - Page 3 - Pip Cop

**1ka** · 2008-12-10, 05:19 AM

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.

jimsmithuk · 2008-12-10, 06:17 AM

I've amended the code so you can set the:
- Initial stop loss
- Magic Number

And fixed the comment when a trade is opened. It was saying "macd sample" it now says Sars and says if its a buy or sell

**1ka** · 2008-12-10, 09:10 AM

Quote:

Originally Posted by 1ka

... I've modified the code to ...

Quote:

Originally Posted by jimsmithuk

I've amended the code ...

We'd make a great double act

**Batchboy** · 2008-12-14, 04:51 PM

Interesting this had arisen to the top re: performance on pipcop, I think a number of us had our eyes on others as far as "hopefuls". This truly is marvelous plan sir pipcop, allowing ways to see what boils to the top as opposed to our EAs we can "fall in love with". I bought one I fallen smitten for, but ya never knows if many months down the road a freebie on a threrad here is "the item" that comes to the surface, eh? :-)
jerry

**PipCop** · 2008-12-14, 05:47 PM

As far as I am concerned, numbers speak louder than words...

Killer-B · 2008-12-16, 03:34 PM

In 3 weeks I've yet to get more than 1 (winning) trade out of it... Been idle all last week - and silent thus far....

Any clues how to get more activity out of it? FWIW, I'm using the "new" codes posted here recently - Did you all toggle something?

TIA-

KB

**PipCop** · 2008-12-16, 04:12 PM

No toggling of anything. Are you using the same brokerage and same account type?

Killer-B · 2008-12-16, 05:13 PM

Quote:

Originally Posted by PipCop

No toggling of anything. Are you using the same brokerage and same account type?

Well, my comment was directed more towards 1ka and Jim - as they had tinkered with the code(s) to get a 80S/L to work (in theory I guess) - So that is the MQ file I've been using - unless you changed the Page 1 files too? Matters not I guess...

Anyway - No, I use FXDD - and running several other EA's without issue... so - I dunno

**1ka** · 2008-12-17, 01:23 AM

Quote:

Originally Posted by Killer-B

Well, my comment was directed more towards 1ka and Jim - as they had tinkered with the code(s) to get a 80S/L to work (in theory I guess)...

My change shouldn't have affected the decision to trade. It was a very simple two line code change, and how often do those go wrong

jimsmithuk · 2008-12-18, 10:29 AM

Not sure I understand but nothing was toggled!

I (like 1ka) changed it so any new trade will have a SL

when a new trade is placed. Nothing was changed as to how the EA determines when to trade.
The trade logic of this EA is detailed in this post.

I also added a field so you could set your own magic number. Just in case you were running this with other EAs.

Although I did spot an error in my code. It was setting the SL

to 70 or 80 (whatever you set) rather than the price +/- the SL

value you set.

Here's the corrected code.