psar bug 7 - MetaTrader 4 Expert | Forex Indicators Download - MT4/MT5 Resources

An Expert Advisor designed to open and close corresponding orders on the first Parabolic SAR signal.

Its performance depends on custom parameters Stop Loss, Take Profit, Trailing Stop, opening trade lots and more. This version can be used with manual trading and other expert advisors as per your requirements.

1.) You need to change the SAR indicator "Step" and the "Max" value of the EA so that the EA operation matches the same as the SAR indicator.

But this is only for visual purposes, as the EA does not require indicators to work. For example if you are using the default step setting of the EA (0.001) you may get the wrong impression that when the SAR indicator is in the default state and the EA does not open the order step setting (0.02) a signal is shown, but in fact the virtual SAR step setting of 0.001 has not shown a signal yet.

If the order is not opened and the logs show what is the reason for the error, that's when action needs to be taken. Be sure to check this updated page thanks!

I've also provided full documentation for pSAR bug 7 on our new website.

2.) Please do your own strategy testing to find the best strategy; the default settings do not necessarily represent the best strategy, but are just a placeholder.

Attachment download

📎 psar_bug_7.mq4 (17.02 KB)

Source: MQL5 #10514