PSAR Expert Extended 2
Main idea of this EA lies around the Parabolic SAR indicator.
The advanced EA version includes the following changes and improvements:
- The previous version has been analyzed and the EA algorithm has been improved.
- The EA behavior has been monitored on various account types and in different conditions (fixed/floating spread, ECN/cent accounts, etc.)
- Code optimization, bug fixes.
- The EA functionality has been expanded. Features better flexibility and efficiency, better monitoring of open positions.
- Works with 4 and 5 digits brokers.
- The robot does not use martingale, grid, arbitration or hedging.
The best results were achieved on EURUSD with H1 timeframe, but can also work well on other pairs with proper settings.
- Lot — Base lot.
- Lot of balance — true: lot based on Balance, false: Base lot.
- Stop Loss in points — the stop loss level.
- Take Profit Type — In Points or Average Volatility.
- Take Profit in points — the target profit.
- Volatility Period — Period for Average Volatility.
- Reverse of orders — buy-signal and open sell order.
- Magic number - a unique identifier of the EA's trades.
- Step PSAR - standard parameter of Parabolic SAR. The increment of speed of the indicator.
- Maximum PSAR - standard parameter of Parabolic SAR. Maximum rate of the speed of convergence of the indicator with the price.
- Timeframe for the calculation - the working timeframe of the Expert Advisor.