SAR Entries and ADX Filtering with Last-Trade Direction Rules

Summary

This Expert Advisor uses the Parabolic SAR to determine a candidate trade direction, but only when ADX is below a chosen threshold. It then adjusts direction according to the previous trade: after a winning trade, it may enter in that trade’s direction; after a losing trade, it may enter only in the opposite direction. The description also lists configurable lot sizing, risk, stop-loss, take-profit, indicator periods, signal-bar shift, and a break-even stop feature.

The document identifies a visual strategy-tester display as its evidence, but provides no numerical results, test conditions, or comparison against a benchmark. It therefore explains the EA’s mechanics without establishing profitability or robustness. Its behavior depends on parameter choices and the sequencing of trades, while the brief description does not specify execution assumptions, market coverage, or how ties and open positions are handled.

Key ideas

• The Parabolic SAR sets the candidate entry direction when ADX is below a configured level.
• A prior winning trade can permit another entry in the same direction.
• A prior losing trade restricts the next entry to the opposite direction.
• The EA includes configurable risk sizing, protective exits, and a break-even stop option.
• A visual tester view is mentioned, but no quantitative performance evidence is reported.

Tags

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