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Parabolic Sar Advisor lite


The Expert Advisor places pending orders on the points of the Parabolic Sar indicator. After installation, it moves the orders after the indicator.  In addition to the Parapolic Sar indicator, this Expert Advisor uses other indicators for a more correct decision to open a position, so you do not need to interfere with its trading. For example, it defines divergences and convergences.

Some parameters are configurable. But since this is a lightweight version of ParabolicSarPro, the number of configurable parameters is less. On the other hand, it is easier to work with the lite version of the Expert Advisor, and its cost is less.

  • Lots – lot size;
  • Magic-a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • MaxSpread – the maximum spread for opening a trade (for accounts with a floating spread, so that the trade is opened when the spread is not too large);
  • Take Profit – take profit (in points);
  • Maximum Stop Loss – the maximum value of the stop loss. When the Parabolic points relative to the opening of the order become less than this value, the Stop Loss decreases already by points (with an active trailing stop);
  • Parabolic Step – the step of the Parabolic indicator;
  • Parabolic Maximum-the Maximum parameter of the Parabolic indicator;
  • TrailingStopValue – the value of a simple trailing stop in points (if 0, simple trailing is not used);
  • TrailingStopOnParabolic-enable or disable the trailing stop on the parabolic;
  • Period RSI for divergence – the period of the RSI indicator for finding divergences (0 – do not use the RSI divergences);
  • Count bars for divergence RSI – the number of bars back where divergence and convergence will be checked on the RSI indicator;
  • Count bars for divergence AO – the number of bars where the divergence check and convergence will occur on the Awesome Oscillator indicator (0-off);
  • MinDivergencesPower – minimum number of detected divergences (or convergences) for trading (1-3);
  • RemoveStopOrders-enables and disables deleting pending orders when there are no divergences.
  • Count bars for divergence AC – the number of bars where divergence and convergence will be checked on the Accelerator Oscillator indicator (0 – off).);
  • PeriodMA – The period of the simple moving average.
  • LevelATR – the minimum level of the ATR indicator. To reduce transactions during periods of low volatility.
  • ATRPeriod – the period of the ATR indicator;
  • RemoveByAtr-remove pending orders with low volatility;
  • Trading start hour – trading start hour;
  • Trading end hour – trading end hour;

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