Parabolic Expertadivisor

To create your Expert Advisor (EA) for the Parabolic SAR, we will implement the following trading logic:

Logic:

Start trading at 08:00 am (German time):

The EA should start from 08:00 am, and see where the trend is going, 

Position opening based on Parabolic SAR:

Every time the Parabolic SAR gives a buy signal (SAR below the price) or a sell signal (SAR above the price), the EA will open a position in the direction of the signal.

Position closing:

The position is closed as soon as the opposite Parabolic SAR signal occurs (e.g. changes from a buy signal to a sell signal).

Stop loss (SL) adjustment:

The initial SL is set below the last low (if buying) or above the last high (if selling).

As soon as the position is more than 10 pips in profit, the SL is moved to the EMA 200 to secure the profits.

The Ea should only be used to generate spread fees. 

Translated with DeepL.com (free version)