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PSAR Expert Extended MT5

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The work of this Expert Advisor is based on the work of the Parabolic SAR indicator.

The extended version of the Expert Advisor includes the following changes and improvements:

  • The Expert Advisor’s behavior on various types of trading accounts and various conditions(fixed/floating spread, ECN/cent accounts, etc.) is monitored.)
  • The functionality of the Expert Advisor has been expanded. Became more flexible and improved efficiency, in particular monitoring of open positions.
  • It works on both 5-digit and 4-digit quotes.
  • The Expert Advisor does not use martingale, grid, or arbitrage.

  • EA Comment — The Expert Advisor’s comment.
  • Magic number — The magic number of the adviser. To work only with your own orders.
  • Max.spread(points) — Limit the maximum spread in points. 0 – not used.
  • Lot — the base lot for opening a new order.
  • Stop Loss(points) — Stop loss in points of the current instrument.
  • Take Profit(points) — Take profit in points of the current instrument.
  • Slippage(points) — The maximum deviation from the price in points of the instrument.
  • Timeframe for the calculation — the working timeframe of the Expert Advisor, which is used for trading.
  • Step PSAR — the standard Parabolic SAR parameter. The step of increasing the speed of the indicator.
  • Maximum PSAR — the standard Parabolic SAR parameter. The maximum coefficient of the rate of convergence of the indicator with the price.
  • Time limit — The time limit of the Expert Advisor.
  • Start hour — The starting hour of work.
  • Start minute — The starting minute of the work.
  • Stop hour — The hour when the work ends.
  • Stop minute — The minute when the work ends.

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