Skip to content
All library documents

Parabolic SAR Trading EA with Time and Opposite-Signal Controls

Article MQL5 code base
Read the original

Summary

This expert advisor bases its trades on Parabolic SAR signals. It includes a time filter and supports ECN brokers. One described setting controls what happens when an opposite signal arrives: when enabled, trades opened on the previous signal are closed. The document also notes that the version fixes bugs in an earlier release.

The author says the EA was designed for five-digit brokers and leaves users to find settings suited to their own strategy. Default settings are not described as tested or optimized, and the document supplies no backtest results, risk controls, or detailed entry and exit rules beyond the opposite-signal option. Those omissions mean the text introduces the EA’s basic behavior but does not establish how it performs or which configuration is appropriate for a particular instrument or broker.

Key ideas

  • The EA uses Parabolic SAR signals to trade.
  • A time filter and ECN broker support are included.
  • An optional setting closes prior trades when an opposite signal occurs.
  • The EA is described as designed for five-digit brokers.
  • Default settings are not presented as tested or optimized.

Tags

Technical indicatorsTrend followingExecution

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