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2012.07.02 10:29
PSAR trader

PSAR trader - expert for MetaTrader 4

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Description:

PSAR trader trades using parabolic SAR.

The EA includes a time filter and supports ECN brokers. The none straight forward settings are explained below:

  • CloseOnOpposite- If true if an opposite signal is given all trades that had been opened with the previous signal will be closed.

NOTE:

  1. The EA is designed for 5 digit brokers since most major brokers are 5 digit nowadays.
  2. Its up to you to discover the optimum settings for your strategy the default settings have not been tested/optimized.

If this EA helps you donate at our website.

Full documentation is available at http://www.fxautomated.com/docs/psartraderdoc.php

Last comments | Go to discussion (6)
tkaboris
tkaboris | 5 Jul 2012 at 22:18
eiseletamas:
Very good idea.
Why Buy to open more positions, and only one sale??

Opens too many positions, you should limit ea to only open 1 position
tkaboris
tkaboris | 5 Jul 2012 at 22:18
You should add MA filter too
Tonny Obare
FxAutomatedcom | 7 Jul 2012 at 13:00

Opens too many positions, you should limit ea to only open 1 position

it opens another trade if the previous one takes tp or sl while the condition is still there when market is trending that direction aggressively it can be advantagous
Tonny Obare
FxAutomatedcom | 13 Jul 2012 at 17:26
The bug that the ea makes too many trades at the same time has been noted and will be sorted in the next version this was just a case of confusing between two files
MQL4 Comments
mql4_comments | 19 Sep 2013 at 07:27
tonny:
tonny:
The bug that the ea makes too many trades at the same time has been noted and will be sorted in the next version this was just a case of confusing between two files
Can anyone make this ea enter trade at every dot of the parabolic sar and also close current trade on reversal signal?? pleeeeeeeease!

The bug that the ea makes too many trades at the same time has been noted and will be sorted in the next version this was just a case of confusing between two files