STP PSAR V5

13 Okt 2022

PSAR V5: Automate your trading bots to automate your life!

Welcome to the new revolution in trading bots! PSAR V5 is built to automatically change its indicator settings based on real-time market conditions without any human intervention. Instead of setting up 8-10 alerts for each pair, just setup 1 or 2 alerts.

PSAR is our high-frequency scalper that is designed to take hundreds of trades a day and is the most profitable bot available from Swing Trade Pros. PSAR V5 uses multiple filters (SEE BELOW FOR FILTER DESCRIPTIONS) to reduce the risk of using PSAR by filtering out trades that could become stuck, and changes these filters based on real-time market conditions. Even with multiple filters to reduce risk, it is always important for users to manage their risk and accept the risks of running trading bots and strategies.

PSAR V5 is our first fully automated trading bot, changing its own settings based on real-time market conditions. Ever notice how one setting doesn’t work in all market conditions? PSAR V5 solves this by using 4 different trend indicators to detect the trend of the market, and then uses predefined settings for 8 different trend conditions to automatically adjust as the market changes! This reduces risk and saves the user time.

PSAR V5 isn’t just hands-off, set it and forget it for one market condition, PSAR V5 is set it and forget it for ALL market conditions!!!

PSAR V5 is meant for the beginner user, making it easy to setup and easy to adjust with predefined default risk conditions for each market condition. PSAR V5 ADVANCED allows the user to finely tune each setting for every market condition, and is available for our advanced users in VIP .

DETAILED DESCRIPTION OF FILTERS USED:
PSAR TREND: To detect trend, PSAR V5 uses 4 high time frame PSAR filters to detect overall market conditions. By combining lower time frames such as 5 minute and 15 minute with higher time frame such as 4 hour and daily, PSAR trend detection allows for quick reactions during quick market changes while still adapting and staying on trend with overall market conditions using the higher time frames.

This enables PSAR V5 to combine all 4 PSAR trend filters to determine the strength of the overall market while reacting to quick changes, providing 8 different customizable trend conditions which PSAR uses for settings and to trigger up to 8 different bots, allowing the user to risk on when trend is in their favor, and risk off when trend is not in their favor. PSAR V5 also shows NO TREND when there is indecision in the market when all time frames do not agree.

DIVERGENCES: PSAR V5 uses an enhances version of our previous divergence filter to detect loss of strength in the market by detecting divergences in the Relative Strength Index and filtering out those trades.

ADX: PSAR V5 uses the ADX filter to capture the strongest part of a move in price while avoiding the end of the price movement. This allows us to filter out late longs and shorts.

PSAR DISTANCE: Our PSAR Distance filter will filter out any trades that get beyond a predefined distance from the PSAR indicator dots. This is very useful for avoiding tops and bottoms.

REPAINTING: Significant code has been added to avoid repainting by making each high time frame calculation individually within its own time frame, and then using the bar merge method to eliminate repaints.

14 Okt 2022

Nota Keluaran

Updated Default Settings to risk off on DEGEN trends with a default Higher setting. The user must choose to increase risk to DEGEN

Updated Default Settings to allow more trades through with less tops and bottoms

Changed location of Wick Hunter Risk Profile change on Trend to top of the settings menu

Moved Advanced Bot Settings higher in the Settings Menu

20 Okt 2022

Nota Keluaran

New option provided to fix the new Bybit Futures ticker format
Select Bybit under "Wick Hunter Bybit or FTX Futures?"

8 Nov 2022

Nota Keluaran

Added Binance Futures option for Wick Hunter so users can use PERP chart

Updated Table to show current pair formatting with the user's chosen bot platform (instead of just 3C).
Select your Bot Platform using "Trading Bot Platform" setting

19 Dis 2022

Nota Keluaran

This is the Most Massive Update we've made to PSAR V5!!

Disclaimer - Make sure to read terms and conditions and then click the Disclaimer button before alerts and chart will work.

GLOBAL STRATEGY SETTINGS - global settings override that puts all the advanced strategies into a simple drop down so ALL users can use our powerful PSAR strategies!
Easier for new users to setup or if experienced users want to setup pairs quickly.
Global Strategy Settings Disclaimer - USE AT YOUR OWN RISK! This is NOT better than doing your own settings, per pair settings are ALWAYS the best

5m 200EMA Filter - Make sure that you are on the right side of the market by filtering out shorts above the 200EMA and filter out longs below the 200EMA.
200EMA FILTER CAN BE USED WITH GLOBAL STRATEGY SETTINGS, RECOMMENDED

Show Filter Labels - Allows users to see when filters are activated. Recommended to enable when zoomed in, disable when zoomed out.

PSAR Trend window - Now has title of the indicator at the top

26 Jan 2023

Nota Keluaran

Fixed ProfitTrailer Custom Ticker Settings

8 Mac 2023

Nota Keluaran

PSAR V5 users now get the MFI Filter, a high precision filter for reducing tops and bottoms
Added FULL AUTOMATION to the MFI Filter, giving you powerful customization of the MFI filter for each Trend Condition
Easier Onboarding for users by moving Advanced Bot Platform Settings to the top of the Settings Menu right after Bot Platform Settings