EXP SAR TM Plus
Info
The EXP SAR TM Plus is a Expert Advisor for MetaTrader 5 that a trading system based on indicator signals from the parabolic stop and reverse (sar) system, with an added feature to set a fixed position holding time. The system generates a signal when a bar is closed, indicating a change in trend direction.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use EXP SAR TM Plus
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
A trading system based on indicator signals from the Parabolic Stop and Reverse (SAR) system, with an added feature to set a fixed position holding time.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: msnr plus aeu ea - another powerful expert for MetaTrader 5 traders.
A trading system based on indicator signals from the Parabolic Stop and Reverse (SAR) system, with an added feature to set a fixed position holding time.Also recommended: ColorJFATL Digit TM Plus - similar expert with strong performance on MetaTrader 5.
The system generates a signal when a bar is closed, indicating a change in trend direction. If the position holding time exceeds the preset limit, the position is closed immediately.
The default input parameters were used in the following tests, without stop loss or take profit:
- Fig. 1: Example trades on the chart.
- Test results for AUDUSD H6 over the year 2026:
- Fig. 2: Testing results chart.
You may also like: EXP Color JJ RS X TM Plus - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.