Strategies / Mean reversion / Parabolic SAR Awesome Oscillator Reversal

Parabolic SAR Awesome Oscillator Reversal

Buys 1 contract when the Parabolic SAR is above recent highs, the Awesome Oscillator crosses above zero, and the close is above the 5 period EMA. Sells the long on the opposite pattern.

Mean reversionLong onlyIntradayNasdaq 10030 min

2.26Profit factor

20,106Net profit EUR

54.07%Win rate

209Trades

-3,220Max drawdown

96.20Avg trade

Best run of 46. Nasdaq 100, 30 min, spread 3, from run pf:2026-10-04-NAS100-30m.tsv:8.

Entry rules, long

The Parabolic SAR (0.02, 0.2) is above the high on this bar and on the 2 bars before it.
The close is above the 5 period EMA.

Exit rules

The Parabolic SAR (0.02, 0.2) is below the low on this bar and on the 2 bars before it.
The close is below the 5 period EMA.

Test conditions

Period	Up to 2026-10-04
Instrument	Nasdaq 100, 30 minutes
Spread	3 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-04

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Nasdaq 100Best run	30 min	2.26	209	54.07	20,106 EUR	-3,220
S&P 500	30 min	2.16	242	58.68	4,402 EUR	-812
S&P 500	15 min	1.75	201	50.75	3,785 EUR	-812
S&P 500	10 min	1.71	184	51.63	2,769 EUR	-598
DAX 40	5 min	1.57	200	46.00	7,724 EUR	-1,713
USD/JPY	30 min	n/a	216	49.07	337,640 USD	-201,800
USD/JPY	10 min	n/a	222	53.60	248,440 USD	-164,300
EUR/USD	Daily	n/a	10	80.00	81,493 USD	-36,220
Nikkei 225	1 hour	n/a	105	60.00	46,897 USD	-12,527
EUR/USD	4 hours	n/a	42	52.38	41,065 USD	-33,512
Nikkei 225	15 min	n/a	222	54.50	37,933 USD	-12,118
Dow Jones	Daily	n/a	9	77.78	35,786 EUR	-8,795
Nikkei 225	4 hours	n/a	26	57.69	32,880 USD	-13,283
DAX 40	Daily	n/a	16	56.25	17,454 EUR	-5,862
Nasdaq 100	1 hour	n/a	144	56.25	17,148 EUR	-4,913
GBP/USD	Daily	n/a	10	90.00	14,799 USD	-4,353
Nasdaq 100	4 hours	n/a	28	71.43	14,297 EUR	-5,672
DAX 40	4 hours	n/a	37	59.46	13,614 EUR	-6,028
Dow Jones	5 min	n/a	194	42.78	10,470 EUR	-6,260
DAX 40	15 min	n/a	208	51.92	10,045 EUR	-3,925
DAX 40	1 hour	n/a	114	55.26	9,604 EUR	-6,702
Nasdaq 100	Daily	n/a	6	83.33	9,017 EUR	-3,900
Dow Jones	4 hours	n/a	9	77.78	8,704 EUR	-5,837
Nasdaq 100	5 min	n/a	170	50.59	8,203 EUR	-2,825
Brent Crude	1 hour	n/a	63	55.56	7,189 EUR	-4,474
Nasdaq 100	15 min	n/a	207	52.17	6,937 EUR	-5,120
DAX 40	10 min	n/a	203	50.74	6,686 EUR	-3,578
FTSE 100	1 hour	n/a	110	50.91	6,253 EUR	-2,297
Nasdaq 100	10 min	n/a	196	48.47	5,685 EUR	-3,797
FTSE 100	Daily	n/a	12	75.00	4,946 EUR	-3,546
Dow Jones	1 min	n/a	205	48.78	4,603 EUR	-2,896
Dow Jones	2 min	n/a	222	42.34	4,502 EUR	-2,995
S&P 500	Daily	n/a	8	87.50	4,206 EUR	-1,238
S&P 500	1 hour	n/a	130	53.85	3,995 EUR	-1,482
Gold	Daily	n/a	17	70.59	3,816 EUR	-1,108
Nasdaq 100	2 min	n/a	182	48.35	3,653 EUR	-3,117
FTSE 100	30 min	n/a	216	51.85	3,127 EUR	-2,319
Gold	30 min	n/a	251	50.60	2,880 EUR	-1,100
S&P 500	4 hours	n/a	35	62.86	2,862 EUR	-1,205
GBP/USD	15 min	n/a	204	45.10	2,065 USD	-1,304
FTSE 100	15 min	n/a	233	47.21	1,649 EUR	-1,354
Gold	4 hours	n/a	42	61.90	1,540 EUR	-1,132
Gold	5 min	n/a	177	51.98	1,224 EUR	-1,060
GBP/USD	5 min	n/a	211	47.87	879 USD	-798
S&P 500	1 min	n/a	189	44.97	688 EUR	-318
S&P 500	3 min	n/a	189	48.68	687 EUR	-555

Charts

Results by run

Top 10 of 46 runs. The full list is in the table above.

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// Parabolic SAR Awesome Oscillator Reversal
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: 30 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

sarv = SAR[0.02,0.02,0.2]
emav = ExponentialAverage[5](close)
hl = (high + low) / 2
aoval = Average[5](hl) - Average[34](hl)

14 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

Awesome OscillatorEMAParabolic SAR

Longer historyRe-run on up to 1,000,000 barsNasdaq 100 · 30 min · older data 237.40 EUR

On the long run with 228,000 bars the net result was 20,343 EUR, against 20,106 EUR on the standard 200,000-bar run. The older data alone gave 237 EUR.

Nasdaq 100 · 30 min

Bars available	228,000
Net, standard 200,000-bar run	20,105.90 EUR
Net, long run	20,343.30 EUR
Net on the older data alone	237.40 EUR

Read this firstKnown weaknesses2 points

The code sets no stop loss, so a losing trade stays open until an exit signal arrives.
Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run Parabolic SAR Awesome Oscillator Reversal in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 46 market and timeframe combinations. The best run was Nasdaq 100, 30 minutes, with a profit factor of 2.26 over 209 trades.

How large was the drawdown?

The best run had a maximum drawdown of 3,220 EUR at the tested position size, against a net result of 20,106 EUR.

Does it trade long, short or both?

It only takes long trades.

Reversal Pattern With Chaikin Volatility

Uses the same indicator.

2.26 PF · 6,872 trades

Volatility Spike Regression Long

Best run on the same market, Nasdaq 100.

1.22 PF · 1,850 trades

Big Bar Fade

Also a mean reversion strategy.

2.28 PF · 172 trades

See how ProRealAlgos combines strategies like this into one automated portfolio.

Copy trading on US indices is available to ProRealAlgos members as spots open.

Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.com Stats Docs