Is that normal ?
How come there is so much difference between each broker.
Some even show candles on Sunday and other show no candle on weekends.
What is going on ?
Candles open and close at different amounts with each Broker also.
I was looking at the Parabolic SAR and some brokers SAR signal would say buy one day and the other wouldn’t say buy until a few days later.
It’s common for it to vary somewhat from platform to platform. The variance you’re experiencing could be from time zone (some platforms calculate on GMT, others on local), parabolic settings, 0.02, 0.2 being the default on Oanda, but other platforms may have anyingthing from 0.01, 0.2 to 0.09, 0.3.
Also, the difference may just lay with the programming of the indicator and whether it calculates on the close or open, and the math involved.
The parabolic SAR is a fairly good tool if the currencies on your radar screen are trending. But if they are not, you could get very frustrated using this indicator alone.
I have back tested a lot with Parabolic SAR on lots of different pairs at random times after the year 2000.
I have found it to win a lot more pips not going with the trend but just buy and sell (staying in trade 100% of the time) at the SAR signals.
I use a stop loss at the SAR signal dot which is a big stop loss and it almost never gets stopped out.
I have tried using 50 EMA and only buying above trend line or sell only below trend line using SAR.
And i usually always come up with more profits and in a shorter time span not using the trend.
Everyone says only use it on trends but I seem to feel different.
I’m new to all this and only on demo now, but I’m learning.
SAR seems to simple, and it wins to loss in pips is usually 5/1 ratio.
Is there something I’m not seeing that I am missing.
I tried it on 30 different pairs for one year duration on daily and it always seems to be about 5/1 in profits (pips).
Does anyone see a problem with this.
From your post it sounds like you’re trading from the daily chart?
The reason I say that using the PSAR along will get frustrating is from personal experience. A few years ago a friend and I tried the same thing with good results…bad results…good results…
In the end, we often gave back all we made and we’re almost always right back at square one.
Now, keep in mind that the indicator was developed as a intermediate trend indicator and for usage as a stop level. The variance you see from broker to broker could also be from price feed as well as the PSAR dot on the SHORT side will not show on the LONG side UNTIL it has been breached (touched) by price.
Everytime i back test for a 1 year period using just PSAR, I always seem to get 5 times the amount of winning pips to losing pips?
Do I need to figure something else into the calculation, spread, swap, interest rate, drawdown…?
Even with average 33 trades during a year and figuring 10 pip spread it still leaves at least 4 to 1 winning pip ratio.