parabolic sar expert advisor
Info
The parabolic sar expert advisor is a Expert Advisor for MetaTrader 4 that an expert advisor designed to open and close respective orders at the first parabolic sar signal. its performance depends on the custom parameters of stop loss, take profit, trailing stop, lot size for opening trades and more.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use parabolic sar expert advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
an expert advisor designed to open and close respective orders at the first parabolic sar signal.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-trailing2: enhanced trailing stop expert advisor - another powerful expert for MetaTrader 4 traders.
an expert advisor designed to open and close respective orders at the first parabolic sar signal. its performance depends on the custom parameters of stop loss, take profit, trailing stop, lot size for opening trades and more.Also recommended: e-signal of trade expert advisor - similar expert with strong performance on MetaTrader 4.
configuration notes
you need to change the sar indicator step and maximum value/s to that of the ea in order to match the ea operation with that of the sar indicator. but this is just for visual purposes as the ea does not need the indicator in order to work. for example, if you are using the default step setting for the ea (0.001) you might get a false impression that the ea did not open an order when the sar indicator with its default step setting (0.02) showed a signal but in reality the virtual sar with a step setting of 0.001 had not yet shown a signal. if no order was opened and the journal displayed an error as to why, that is when action needs to be taken.
important reminders
always check this page for updates. a full documentation for this expert advisor is available.
strategy tester report
this expert advisor is designed to work with the parabolic sar indicator and can be used for automated trading.
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern string todonateandmorevisit ="www.forexyangu.com";
extern string fulldocumentation ="www.forexyangu.com";
extern int stoploss =90; // sl for an opened order
extern int takeprofit =20; // ?? for an opened order
extern bool trailing =false; // turn trailing on or off
extern int trail_stop=10; // trailing distance
extern double lots =0.1; // strictly set amount of lots
extern int slippage =5; // price slippage.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.