how PSAR Trailing stop function

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  • #497844
    akayo
    Member

    Hello there,

    i confused how PSAR Trailing stop function, is it when have a candle reversal the trade will close?

    is it the trade will close no matter how much pips it reverse?

    bcoz i didnt see where to put the pad amount on it.

    many thanks

    #498391
    ontheedge
    Participant

    Hey Akayo,

    Which EA are you using? If your using the PSAR EA, it should close the trades as soon as it receives a reversal. There’s no padding function because it’s a “Reversal” signal not a trailing stop. If you’ve set Trade On New bar to False than it should open and close trades when price touches But it would still close trades at the stop regards if there’s a close or a touch.

    Remember, PSAR is designed to be in the market all the time Unless you set up some filtering option, Trade the 15min But use Daily to determine direction, as an example.

    Probably would be a nice feature to have the ability to Trail X bars back based on PSar, @Yannick.

    Hope that helps

    #499427
    Yannick
    Keymaster

    The only thing the PSAR Trailing Stop will do, it to set the SL on each new candle at the same level as the current PSAR dot is.

    The easiest way to see how it works, it to test it in the visual mode of the strategy tester.

    #502655
    akayo
    Member

    Hi guys,

    many thanks for the explanation, now i’m understand how its works.

    now i’m trying to find the best setup number to get profit with this PSAR EA.

    Thanks again

    #504317
    akayo
    Member

    Hi Yannick,

    i found two issue in my PSAR pro, 1st it open two trade in my eur/chf, i put the setting with 50pips SL & set true on PSAR trailing stop, before this it works great, which is it will follow the smallest pips, but yesterday it open two trade with one SL with 50pips & another one at the dot. ( i set true at trade once per bar)

    another issue is, i set true on breakeven & trailing stop function,
    breakeven – true
    breakeven point – 60
    pips to lock – 30

    use trailing stop – true
    trailing stop – 50
    when to trail – 80
    trailing step – 2

    but the situation now, i already hit 85pips but only the breakeven function the trailing stop didn’t trigger, is it got any problem if i set both true, or need to restart or do something here to make it function.

    many thanks

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