Description
This Expert Advisor offers a disciplined way to automate trend-based trading using the Parabolic SAR indicator, which identifies directional momentum and potential reversals based on price acceleration. Rather than relying on manual interpretation, the system executes and manages trades automatically when SAR signals appear.
At the heart of this EA is its trading behavior logic, which can be selected to suit any market outlook or strategy:
- Regular – Buy on bullish signals and sell on bearish signals
- Inverse – Sell on bullish signals and buy on bearish signals (for contrarian strategies)
- Only Buy – Enter long trades only; ignore bearish signals
- Only Sell – Enter short trades only; ignore bullish signals
You can also choose whether the EA should close trades on opposite signals, helping manage exits automatically during changing trends. A key strength of this EA is its position and risk management flexibility. Define stop-loss, take-profit, and break-even levels in pips. Implement a trailing stop with adjustable step size to lock in gains as price moves in your favor.
Additionally, you can trade with a manual lot size, or use auto-lot calculation to risk a percentage of your account equity per trade. If desired, you can activate Martingale or Inverse Martingale modes, allowing the EA to double trade size after a loss or win respectively. While powerful, these features should be used with proper risk understanding.
The EA also offers session filters, enabling trading only during selected forex sessions (Asian, European, American), reducing exposure to unpredictable price action during off-hours. Compatible with all major brokers, this EA works with 2 to 5-digit symbol formats, and can be configured for FIFO/NFA compliance, making it suitable for a wide range of traders around the world.
Like any trading system, success depends on careful testing and parameter optimization. The EA offers a framework for automation, but it is up to the trader to tune it for the symbol, timeframe, and market condition using MetaTrader’s Strategy Tester.
Input Parameters
- Trading Settings – Choose to trade long, short, or both directions
- Parabolic SAR Settings – Adjust step and maximum step values for SAR calculations
- Session Settings – Enable or disable trading for the Asian, European, or American sessions
- Position Management – Set stop-loss, take-profit, break-even (pips), trailing-stop (pips), and trailing-step (pips)
- Money Management – Select manual lot size or enable auto lot sizing by risk percentage; includes Martingale and Inverse Martingale options
- EA Settings – Configure the magic number, custom comment, and override the pip value if needed (advanced users only)
What To Expect
This EA is not a plug-and-play profit machine, but a customizable strategy framework. It helps automate a classic trend-following approach, but its performance depends on proper configuration and optimization for each market environment. Use the Strategy Tester to determine the best parameters for your selected symbol and timeframe before going live.
