Thank you for your replies. I’m still confused though… what does the PSAR filter do then and why would it prevent trades from opening? If it’s set to true, isn’t it supposed to execute trades from the timeframe listed once the first dot appears? I notice sometimes the trade won’t even open until 2 or 3 dots. Why?
For example – I like the 15 minute chart, but I want the hour chart as a filter so if the 15 minute chart opens a sell then prices moves up, but hour chart is still down, I want to stay in the trade. Isn’t that the purpose of the Psar filter? but instead is prevents trades from open. Why should this be set to false?
I guess I am confused. I see some success with this EA but my settings and understanding of some terminology must be wrong even after reading the glossary.
Next – regarding the trade on new bar function – I have this is set to true, but a new bar appears and a trade doesn’t open. I was under the impression if that is set to false, it will open a trade up randomly (like 8 minutes into a 15 minute bar or 26 minutes into a 60 minute bar)… please clarify.
Thank you.
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