Parabolic SAR Signals with Configurable Stops and Position Risk

Summary

This expert advisor uses the Parabolic SAR indicator to choose a direction: it buys when the Ask price is above the indicator and sells when it is below. The description identifies configurable chart timeframe, stop loss, take profit, order volume, risk percentage, order identifier, slippage tolerance, and SAR acceleration settings.

The position volume can be set directly or determined automatically from the risk setting when volume is zero. These controls describe how to configure the EA, but the document provides no entry filters beyond the SAR comparison, exit logic, tested results, or evidence of profitability. It also does not explain how risk is calculated or how orders behave during gaps and execution slippage, so those details cannot be assessed from this description alone.

Key ideas

• The EA buys when the Ask price is above the Parabolic SAR value and sells when it is below.
• Users can select the timeframe used to read SAR signals.
• Stop loss, take profit, volume, and slippage are configurable.
• When volume is zero, order size is determined using the risk setting.
• The description provides no performance results or detail on gap handling.

Tags

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