Parabolic SAR Expert Advisor with Time and Opposite-Signal Controls
Summary
This document describes an Expert Advisor that bases trades on the Parabolic SAR indicator. It includes a time filter and support for ECN brokers. One setting, CloseOnOpposite, determines whether positions opened under a previous signal are closed when an opposing signal appears. The note also says the EA is intended for brokers using five-digit quotes.
The document gives no entry or exit rules beyond its reliance on Parabolic SAR, and it reports no backtest, live results, or evidence for profitability. It explicitly leaves parameter selection to the user and says the default settings have not been tested or optimized. As a result, it offers a limited description of the EA’s controls and compatibility assumptions rather than a complete strategy specification. Traders would need further documentation and independent testing to assess how it behaves across instruments, timeframes, and broker conditions.
Key ideas
- The Expert Advisor generates trades using Parabolic SAR signals.
- A time filter is included, and the EA is described as compatible with ECN brokers.
- An opposite signal can be configured to close trades from the prior signal.
- The EA is designed for five-digit broker quotes.
- Default parameters are untested and unoptimized, and the document provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.