psar bug 6 - 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 such as stop loss, take profit, trailing stop, opening trading lot size, etc. This version can be used with manual trading and other expert advisors according to your requirements.

You need to change the "Step" and "Max" values ​​of the SAR indicator to those of the EA in order to match the operation of the EA with that of the SAR indicator.

But this is only for visual purposes, as the EA does not require indicators to work. For example if you use the EA's default step setting (0.001), when the SAR indicator with the default step setting (0.02) shows a signal, you may get the false impression that the EA has not opened an order, but in fact the virtual SAR with the step setting of 0.001 has not yet shown a signal.

If no orders are opened and the log shows an error with the reason, action needs to be taken. Please check this page frequently for updates, thank you!

I've also provided full documentation for pSAR bug 6 on our new website.

Attachment download

📎 psar_bug_6.mq4 (16.96 KB)

Source: MQL5 #10478