Parabolic SAR Expert Advisor with One Position and Signal Reversals

Summary

This document describes an expert advisor that uses Parabolic SAR indicator signals from the current bar of a selected working timeframe. It permits only one open position at a time, which the description says allows operation on both hedging and netting account types.

When a signal arrives in the opposite direction to an existing position, the advisor closes that position and opens a new one in the signal direction. Thus, the same indicator event drives both exit and entry behavior. The description does not specify stop-loss or take-profit rules, position sizing, signal confirmation, or safeguards against repeated reversals. It gives no backtest or performance evidence, so it explains the EA’s basic mechanics rather than demonstrating profitability.

Key ideas

• The EA uses Parabolic SAR signals from the active bar on a configured timeframe.
• It maintains at most one position at a time.
• An opposite-direction signal closes the current position and opens a position in the new direction.
• The described logic does not provide risk sizing or backtest evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.