Topic: Help with PSAR Setting in Forex Strategy Trader
I am in the process of making a trading setup with FST that uses the PSAR and ADX indicators to find trading opportunities. However, I've encountered some problems and need some help.
Firstly, there seems to be a discrepancy between the PSAR indicators for each of the programs. In MT4 the PSAR (0.02, 0.2) places markers in different places. If you look at the charts below, I have highlighted one example of where they are different:
My strategy uses the PSAR to enter a bullish trade when the marker is below the price AND the ADX(50) is also bullish. As you can see, this trade wasn't a winner, but in FST it is a much larger loss than in MT4.
Another problem I have encountered is that I want to exit a trade where the PSAR changes from below the price to above the price, but the FST exit rule (Exit the market at PSAR) doesn't seem to do this. Instead it does something different, but I cannot work out exactly what it is doing?
The image below demonstrates how a good trade should play out:
If anyone can help me get this working, that would be brilliant. I just cannot figure out why there is a difference between where the markers are and why it doesn't exit when the PSAR changes direction.