Stop Loss or Trailing Stop Based on Parabolic SAR

[TecnoTrader]

At present day I want to add that this is possible with

-- once every 10 ticks--

1. Trailing stop (each trade)
2. Custom level
3. Indicator
4. Parabolic stop... PSAR
5. Candle id 0
6. Trailing start is pips offset from open price

I've done it in 5 minutes and works like a charm

[tcanuto]

Hello FxDreema. Okay with you?

Again I am here with another question.

I tried to put in my EA based on an SL Parabolic SAR, but without success. I made MT5 and tried 3 ways:

The first attempt was put inside the blocks "Buy Now" and "Sell Now" in SL mode - Dynamic size (input pips) - Indicators (built-in) - Parabolic Stop and Reverse (PSAR). - Default settings.

Appeared in the journal the message SL invalid.

Second attempt:

I tried to put inside the block of Trailing Stop with the same procedures, putting "Trailing Stop mode in" Function size "- Indicators ... etc.., But also gave the same problem.

Third attempt:

Begin loop positions - (in loop) Modify SL and TP - "Price relative to: Current market price, and then Dinamic level -" New Stop Loss mode "Dynamic size (input pips) - Indicators ... etc..

Be a problem with the indicator in MT5?

[fxDreema]

In Buy now and Sell now you use the current value to use is as SL and TP, everything ends after these blocks - what is done is done.

Trailing stop block... I think it's unable to do that, but I can think to modify it a bit.

Try the last attempt, with Dynamic level and "Dynamic level" and then "Dynamic level (price input)". Optionally you can check if the indicator value is on the right side of the trade, otherwise error 130 may appear many times.

[tcanuto]

Ok I'm sorry but I did not understand correctly. In short: I would like to use the SL by Parabolic SAR.

Please show me if possible for a sample project, so I can fully understand in practice..

[fxDreema]

MT4: http://fxdreema.com/shared/eRSVRITqe
MT5: http://fxdreema.com/shared/ktRttwYod

But maybe it's better to wait for PSAR reversal (crossover with the market price) to close the position without stop-loss. Here is something like this: http://fxdreema.com/demo/mt4-3221

[tcanuto]

Ok Thanks for the examples. I thought you would do within the blocks that had told you. Would not it be better to run the SL within the block "Buy Now" and "Sell Now" in Stop Loss mode - Dynamic Size Pips Imput? Or within the block "(loop) modify SL and TP?" I see you also will be more practical for all who use this as output indicator and Stops.

[fxDreema]

Maybe, someday, but many things must be changed before that

[tcanuto]

Thanks. I'll be eagerly awaiting!