StrategyEagleEyeParabolicSARv3 : Capture Market Reversals with Precision

The StrategyEagleEyeParabolicSARv3 is a sophisticated NinjaTrader 8 strategy designed to capitalize on Futures E-mini market trends using the Parabolic SAR indicator. This strategy incorporates time-based filters and day-of-the-week logic to refine entry and exit points, aiming to maximize potential gains while minimizing risk.

Key Features:

• Parabolic SAR-Based Signals: Utilizes the popular Parabolic SAR indicator to identify potential trend reversals and generate buy/sell signals. The strategy employs optimized Parabolic SAR parameters (0.02, 0.2, 0.02) for enhanced responsiveness.
• Time-Based Entry Filtering: Implements a specific time window for short entries, focusing on a 90-minute period starting one hour after the session begins. This filter aims to capture specific market dynamics within that timeframe.
• Day-of-the-Week Logic: Incorporates day-of-the-week filters to refine trading activity. Short entries are considered only on Thursdays, Fridays, and Saturdays, while long entries are favored on Tuesdays, Wednesdays, and Thursdays. Exit logic is also influenced by the day of the week, with long positions exited on Fridays and Saturdays.
• Open Source and Community Driven: This strategy is open-source (MIT License) and encourages community involvement. Users are invited to contribute to its development and improvement. Donations are welcomed to support further development and sharing of trading tools.
• Backtesting and Optimization Ready: Designed for NinjaTrader, this strategy allows for thorough backtesting and optimization to fine-tune its performance based on historical data.

How it Works:

The strategy monitors the Parabolic SAR indicator and price action. It enters short positions when the price crosses below the Parabolic SAR, but only during the pre-defined time window and on the specified days of the week. Long positions are entered when the price crosses above the Parabolic SAR on the designated days. Exits are triggered based on Parabolic SAR crossovers and day-of-the-week conditions.

Disclaimer: Trading involves substantial risk of loss. Past performance is not indicative of future results. Please trade responsibly and ensure you fully understand the risks involved.