A Parabolic SAR Expert Advisor with Opposite-Signal Exits
Summary
This brief description outlines an automated trading program that uses Parabolic SAR signals. It mentions a time filter and compatibility with ECN brokers, and explains an option that closes trades opened under the prior signal when an opposite signal appears. That setting defines a simple reversal-based exit behavior: an opposing indicator signal can end the previous group of positions.
The document says the program is designed for five-digit broker quotes and advises users to determine suitable settings for their own approach. It explicitly says the default parameters have not been tested or optimized. No asset class, timeframe, entry details beyond the SAR signal, position sizing, stop-loss rules, backtest, or live results are supplied. The description therefore offers only a high-level account of the EA’s signal and one trade-management option; it does not establish profitability or provide enough information to reproduce or evaluate the complete strategy.
Key ideas
- The expert advisor bases its trades on Parabolic SAR signals.
- A time filter and ECN broker support are mentioned.
- An option can close positions from a prior signal when an opposite signal occurs.
- The program is intended for five-digit broker quotes.
- Default parameters are untested and unoptimized, and no performance evidence is given.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.