Sar Manager MT4

SAR Manager

SAR Manager is a signal indicator for MetaTrader 4 based on the standard Parabolic SAR algorithm. The indicator detects changes in SAR direction, generates virtual BUY and SELL signals, calculates Stop Loss and Take Profit levels, and displays all related information directly on the chart.

The product is intended for market analysis and manual trade support. It does not open, modify, or close real trading orders.

User Guide

Signal Calculation

A BUY signal is confirmed when the Parabolic SAR points move from above the price to below it. A SELL signal is confirmed when the SAR points move from below the price to above it.

A new signal is calculated only after the candle has closed. The current forming candle is not used to confirm an entry. The virtual entry price is determined by the opening price of the next candle after the change in SAR direction has been confirmed.

The indicator tracks one virtual position at a time. While the position remains active, new entries are not generated. The position is closed when Stop Loss or Take Profit is reached, an opposite Parabolic SAR signal appears, or a price gap crosses one of the specified levels.

IMPORTANT — How to download and test

  1. Log in to your MQL5 account in the terminal: Tools → Options → Community (use your MQL5 login, not e-mail).
  2. Connect the terminal to any trading account (a demo account is fine).
  3. Open the Market tab → find the product → click Download / Buy.
  4. The demo version works only in the Strategy Tester (backtesting). It cannot be attached to a live or demo chart.

Stop Loss and Take Profit

Stop Loss and Take Profit distances are specified in MetaTrader points. For a BUY signal, Stop Loss is placed below the virtual entry price and Take Profit is placed above it. The opposite placement is used for a SELL signal.

Values are specified in points rather than pips. The actual price distance depends on the point size of the selected trading instrument.

During historical calculations, Stop Loss and Take Profit may both be located within the range of the same candle. Candle data does not show which level was reached first. The Same Bar Policy parameter is provided to process this situation. The user can select Stop Loss First or Take Profit First. Stop Loss First is used by default.

Chart Display

SAR Manager displays Parabolic SAR points, virtual BUY and SELL entry arrows, position exit markers, and horizontal Entry, Stop Loss, and Take Profit lines. Level names and corresponding prices can also be displayed on the chart.

The lines are automatically displayed for an active virtual position. After the position is closed, the latest levels can be retained or removed according to the selected settings. The colors of signals, lines, text, and other chart elements can be adjusted.

The number of historical candles processed by the indicator is specified in the input parameters. Increasing the history depth displays more previous signals but may require additional calculation time.

Information Panel

The indicator places an information panel on the chart. It displays the current symbol and timeframe, active signal, virtual position status, and current Parabolic SAR direction.

For an active signal, the panel shows the Entry price, Stop Loss, Take Profit, and the calculated risk-to-reward ratio. The statistical section displays the number of virtual BUY and SELL entries, positive, negative, and breakeven closes, the total virtual result in points, and information about the latest exit.

Statistics are calculated only from the history loaded and processed by the indicator. The values displayed on the panel may change when the number of historical candles is modified.

Notifications

The indicator can send notifications when a new virtual entry appears or when a virtual position is closed. Entry and exit notifications can be enabled separately.

Supported notification methods include standard MetaTrader pop-up alerts, mobile push notifications, email messages, and sound alerts. Push and email functions must be configured in the trading terminal before they can be used.

When the indicator is first attached to a chart, it does not send notifications for previous historical signals. Each new entry or exit is processed once to prevent repeated notifications for the same event.

Input Parameters

The indicator settings are divided into logical groups. Separate groups are provided for Parabolic SAR parameters, virtual Stop Loss and Take Profit distances, historical calculation depth, and the processing order of levels within the same historical candle.

Additional groups contain notification settings, line and marker display options, retention of the latest levels, and the colors of the panel and chart objects. The parameters can be changed in the indicator properties before launch or during operation.

Using the Indicator

Attach SAR Manager to the required chart and configure the Parabolic SAR parameters. Then specify the Stop Loss and Take Profit distances in points, select the history depth, and adjust the chart display settings.

After a new signal is confirmed, the indicator displays its direction, virtual Entry price, and calculated levels. The subsequent position status, exit reason, and updated statistics are shown on the chart and in the information panel.


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TREND LINES PRO    helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5     -     Reveals its maximum potential when paired with the   RFI LEVELS PRO  indicator What the indicator shows: Real shifts   tren
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4.91 (302)
Trading Special – 30% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the pot
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