vStore header

vStore is your one-stop-shop for VertexFX plugins and apps. vStore categorizes the plugins/apps to make it easier for both front-end and back-end users to reach what they need

  • Choose from hundreds of VertexFX plugins/apps
  • VertexFX API toolkit to develop plugins/apps
  • Brand and sell your own plugins

Sign Up Now

vStore VTL Plugins Free OST Parabolic SAR

OST Parabolic SAR

OST Parabolic SAR Expert Advisor is a VertexFX client-side script based on the Parabolic Stop-And-Reverse (P-SAR) indicator.

This Expert Advisor employs two Parabolic SAR indicators, one for entry and one for exit. As the name implies, this Expert Advisor uses the stop-and-reverse mechanism, and hence its signals alternate between LONG and SHORT. It is highly successful in cyclical markets, but its performance degrades in sideways or neutral markets.

OST Parabolic SAR Expert Advisor trades between starting time specified by START_HOUR and START_MINUTE, and the ending time specified by END_HOUR and END_MINUTE. During the inactive period the Expert Advisor only tracks the exit rules and ignores all entry rules.

The Expert Advisor opens a BUY trade when the entry Parabolic SAR based on the TRADE_STEP and TRADE_MAX parameters generates a BULLISH signal. If a BUY trade is already open, then the signal is ignored, whereas if a SELL trade is open, it is closed and then the BUY trade is opened. Similar rules are applied when a SELL signal is generated by the entry Parabolic SAR indicator. If MONEY_MANAGEMENT is TRUE, the lot-size is calculated based on the Account Balance and the
RISK_PERCENT parameters, otherwise the fixed LOT_SIZE value is used.

The initial stop-loss is based on the Average True Range indicator calculated using the ATR_PERIOD and ATR_MULTIPLIER parameters. Additionally, to protect profits and respond to adverse market movements, the Expert Advisor uses the exit Parabolic SAR calculated from the STOP_STEP and STOP_MAX parameters for a tighter trailing stop and reversal criteria.

When a position reaches profit which is equal to the initial stop-loss, the Expert Advisor moves the stop-loss to the entry price if BREAKEVEN is set to TRUE. Likewise, if PARTIAL_CLOSING is set to TRUE, it closes half of the position upon reaching this profit milestone.
The Expert Advisor does not use a profit target for the open positions. The open positions are closed by the initial-stop, the trailing stop or based on the MACD exit rules. By not using a fixed profit target, the Expert Advisor capitalizes on generating huge profits when the trend is very strong and continues for a long time.

Configurable Inputs:

1. START_HOUR– Specifies the starting hour when the Expert Advisor starts. This value should be between 0 and 23.

2. START_MINUTE – Specifies the starting minute when the Expert Advisor starts. This value should be between 0 and 59.

3. END_HOUR– Specifies the ending hour at which the Expert Advisor stops. This value should be between 0 and 23.

4. END_MINUTE– Specifies the ending minute at which the Expert Advisor stops. This value should be between 0 and 23.

5. TRADE_STEP– Specifies the Parabolic SAR step value for trade entries.

6. TRADE_MAX– Specifies the maximum value of the Parabolic SAR step for trade entries.

7. STOP_STEP– Specifies the Parabolic SAR step value for trade exits.

8. STOP_MAX– Specifies the maximum value of the Parabolic SAR step for trade exits.

9. SHIFT – The number of candles from the latest candle based on which the trading levels are calculated. For example, if this value is 1, the Expert Advisor calculates the trading levels based on the previous candle. If this value is 0, then the Expert Advisor calculates the trading levels based on the current candle.

10. TRADING_PERIOD – The number of candles over which the Highest High and Lowest Low values are calculated for the trading signals. For example, if this value is 40, then the Expert Advisor calculates the Highest High and the Lowest Low over the recent 40 candles.

11. STOP_PERIOD– The number of candles over which the Highest High and Lowest Low values are calculated for the exit (stop-loss) signals. For example, if this value is 20, then the Expert Advisor calculates the Highest High and the Lowest Low over the recent 20 candles – which is then used as the stop-loss levels.

12. TS_ENABLED– Specifies whether the trailing stop using the Average True Range is enabled.

13. TS_ATR_PERIOD– The number of candles over which the Average True Range (ATR) is calculated for trailing stop-loss purpose.

14. TS_ATR_MULTIPLIER – The multiplier applied to the Average True Range (ATR) to derive the trailing stop-loss value.

15. MONEY_MANAGEMENT – Specifies whether the lot-size should be calculated based upon the Account Balance and the risk. If this value is false, the lot-size is fixed and based upon the LOT_SIZE parameter.

16. RISK_PERCENT – The maximum risk per trade allowed in percentage for each trade. If MONEY_MANAGEMENT is enabled the lot-size is calculated based upon the maximum loss that will be incurred if the stop-loss is hit. For example, if this value is 2 (%) and the Account Balance is $1000, then the maximum risk per trade allowed is $20.

17. LOT_SIZE – The fixed lot-size to be used if MONEY_MANAGEMENT is set to false.

18. PARTIAL_CLOSING – Specifies whether half of the position must be closed when it reaches profit with a risk reward ratio of 1.

19. BREAK_EVEN – Specifies whether breakeven stop-loss must be used.

20. SLIPPAGE– The maximum slippage in points that is allowed for opening market orders. If this value is 0, then the slippage criteria is ignored.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

Rate this product
0 vote
Favoured:
0

Listings details

Image
Flat Monthly Fees
$0
Volume Monthly Fees
$0
Tech Support Fees
$0
Hits
1843
Rating
On
18 October 2016
Attachment (Desktop)
Compatibility

Share This!

youtube-right

Search Plugins

Try VertexFX

download-button

ios-32 Android Icon Windows Phone VertexFX Web Trader VertexFX eBroker Icon VertexFX Backoffice

Community Forum

Ask, Share, Engage

Enter Forum

Project Zone

A Trader or A Developer?

Enter the Project Zone

Latest Projects

Sponsored Ad

Oblomov Auto Trader

Latest Plugins

ICWRa
ICWRa
Description: ICWRa indicator is a VertexFx indicator that provides precise BUY and SELL signals by identifying market cycles using tr ...
CCI Filter
CCI Filter
Description: CCI Filter indicator is VertexFX client-side indicator script based on the Commodity Channel Index -CCI and Moving Avera ...
Murrey Math Line
Murrey Math Line
Description: Murrey Math Lines F2 is a VertexFX indicator used to identify Support and Resistance levels and use these levels to trad ...

Most Reviewed Plugins

VertexFX Margin Call
VertexFX Margin Call
Description: *We have reviewed our prices for the next two months. Take the opportunity and get our plugins in a very competative price ...
VertexFX Bridge
VertexFX Bridge
Description: VertexFX Risk Management Bridge is a back end software used to connect your VertexFX system to another one for clearing an ...
Butterworth 2 Pole
Butterworth 2 Pole
Description: The Two Pole Butterworth filter is a VertexFX Indicator which uses smoothing method termed as low-pass filters to reduce ...

Featured Plugins

Bollinger Bands High Low
Bollinger Bands High Low
Description: Bollinger Bands High Low (BB HL) indicator is a fine-tuned version of the Standard Bollinger Bands indicator. Bollinger ...
RECO
RECO
Description: RECO Auto Trader is a VertexFX client-side script that places trades by identifying the market trend. It is based on the ...
i-Intraday Fibonacci
i-Intraday Fibonacci
Description: i-IntradayFibonacci is a powerful VertexFX client side VTL indicator that displays the valid Fibonacci levels for the cu ...

About Us

Established in 2002, Hybrid Solutions provides FOREX Online Trading Platform. Hybrid Solutions has adopted the latest technologies and international standards to develop its Online Trading Platform, VertexFX.

Read More

Contact us

uk16 UK: +44-2-071-936-008
australia16 Australia: +61-280-114-343
USA Flag USA: +1-845-657-3272
HongKong Flag HK: +852-8199-0933
Jordan Flag Jordan: +962-6-552-0822

Send us Email

Join Our Mailing List

Email:  

Expos & Awards

VertexFX Awards

Hybrid Photo Gallery

  

  

VertexFX 11

VertexFX Cloud

VertexFX Cloud

Search Plugins

Latest Tweet

This website and its content are copyrights of Hybrid Solutions - © Hybrid Solutions 2002 - 2018. All rights reserved.

Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

Close