PARABOLIC SAR EA

Parabolic sar

EA uses parabolic SAR and MA to determine entries.

Long Entry condition

When the top Parabolic SAR is above the moving average AND a candle closes above the parabolic SAR.  A market order is placed at the open of the next candle.

If the Parabolic SAR level was breached BEFORE a candle close above it, then no trade is taken.

Short Entry condition.

When the bottom Parabolic sar is below the moving average AND a candle closes below the parabolic SAR. A market order is placed at the open of the next candle.

If the Parabolic SAR level was breached BEFORE a candle close below it, then no trade is taken.

Money Management

EA has two TPs and user defined stop.

User Variables

Lot size

Stop (in points)

TP1 (points)

TP2 (points)

Percentage of position to exit at TP1

Moving Average settings

Parabolic SAR settings