PZ Parabolic SAR EA
Info
The PZ Parabolic SAR EA is a Expert Advisor for MetaTrader 4 that the developer of this expert advisor is arturo lopez, founder of point zero trading solutions. The Parabolic Sar is one of the most popular basic trading strategies.
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 PZ Parabolic SAR EA
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
The developer of this Expert Advisor is Arturo Lopez, founder of Point Zero Trading Solutions.
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: Places a retrace limit Buy,Limit Sell Order basic on Parabolic Sars Value - another powerful expert for MetaTrader 4 traders.
Also recommended: MP M 1. 8 - similar expert with strong performance on MetaTrader 4.
The developer of this Expert Advisor is Arturo Lopez, founder of
Point Zero Trading Solutions
.
The Parabolic Sar is one of the most popular basic trading strategies. It uses two Parabolic Sar with different periods to determine the direction of the trend and the exit level. The slow PSAR determines when to buy or sell, and the faster PSAR determines the exit level. It is a very good semi-automated trading tool for intraday trading.
Features:
Fully configurable Parabolic Sar
(Step and Maximum)
Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
ATR-Based initial Stop-loss
(Default is ATR(30)*2.5)
Optional ATR-Based Trailing-stop
(Disabled by default)
Money Management
(Default risk is 2%)
Optional Partial Closing of profitable trades
Optional Break-even of profitable trades
Trades are always closed on opposite signals
Configurable trading hours
You may also like: imple-MA C D-EA: Expert Advisor for MetaTrader - excellent alternative for expert users on MetaTrader 4.
⚠ 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.