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Parabolic SAR EA

(10 customer reviews)

$17.60$36.96

Maximize your trading efficiency with our Parabolic SAR EA for MetaTrader 4. Designed to identify and leverage market reversals with unparalleled precision, this expert advisor utilizes the dynamic Parabolic SAR indicator to provide clear, actionable entry and exit signals. Consequently, it ensures you capture optimal trading opportunities.
Perfect for traders seeking to exploit trends for maximum profitability, our Parabolic SAR EA automates your strategy. Therefore, this allows you to focus on results while minimizing manual oversight. Step into a world of strategic trading where each move is calculated to enhance your performance and profitability.

Trading Guidelines

☑️ Suitable instruments: Forex, Commodities, Indices, Stocks and Crypto
☑️ Suitable timeframes: Daily, 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Enhance Your Trading with Parabolic SAR EA

Introducing the Parabolic SAR EA (Expert Advisor) for MT4 (Metatrader 4), a sophisticated trading tool designed to leverage the Parabolic SAR indicator for optimal trading decisions. This Expert Advisor (EA) automates your trading strategy.
Moreover, it allows you to capitalize on market trends with precision and efficiency. Whether you are a seasoned trader or just starting out, the Parabolic SAR EA offers the reliability and performance needed to achieve consistent success in the forex market.

Unlock the secrets to profitable trading with our step-by-step guide on the Parabolic SAR Indicator! Discover how to make money trading the Parabolic SAR Indicator, achieve consistent profitability, and optimize your strategies using the powerful Parabolic SAR EA. This comprehensive guide will show you how to spot market trends and execute profitable trades effortlessly. Additionally, by automating your trading, the EA minimizes emotional decisions and enhances efficiency. Consequently, you’ll be able to focus on strategic analysis and long-term success. Dive into our detailed guide now and start your journey towards financial success by visiting Step-by-Step Guide to Make Money Trading Parabolic SAR Indicator and Optimize EA.

How It Works: Utilizing Parabolic SAR for Precise Trades

The Parabolic SAR MT4 Expert Advisor operates by analyzing the Parabolic SAR indicator, which identifies potential reversal points in the market. When the indicator signals a trend reversal, the EA executes buy or sell orders to capitalize on these movements.
Furthermore, the EA includes advanced features like trailing stops, adjustable lot sizes, and risk management settings. These features optimize your trading performance. Additionally, it offers an optional Martingale strategy, which can enhance profitability by adjusting trade sizes after losses.

Key Features: Advanced Trading Capabilities

  • Accurate Trading Signals: Leverages the Parabolic SAR indicator to detect precise entry and exit points.
  • Fully Customizable: Moreover, offers adjustable settings for lot size, take profit, stop loss, and trailing stops to match your trading preferences.
  • Martingale Strategy: Additionally, includes an optional feature to enhance recovery and profitability by increasing trade sizes after losses.
  • Comprehensive Risk Management: Furthermore, protects your investments with robust risk management tools.
  • Automated Trading: Consequently, executes trades automatically based on the Parabolic SAR signals, allowing for hands-free trading.
  • Lifetime License: Ultimately, provides a one-time purchase with lifetime access, offering ongoing value and continuous updates.

Why Choose Parabolic SAR EA: Achieve Superior Trading Performance

Choosing the Parabolic SAR Expert Advisor means investing in a tool that combines precision, reliability, and advanced features to enhance your trading strategy. The EA accurately interprets the Parabolic SAR indicator, ensuring timely and effective trades.
Moreover, its customizable settings allow for flexibility to suit different trading styles and risk appetites. Furthermore, the optional Martingale strategy adds an extra layer of potential profitability. Therefore, with Parabolic SAR EA, you can achieve consistent trading success and maximize your returns.

Elevate Your Trading with Parabolic SAR

The Parabolic SAR EA (Expert Advisor) for Metatrader 4 by KOKOSHELL is your gateway to advanced, automated trading. This Expert Advisor uses the powerful Parabolic SAR indicator to deliver precise and timely trading signals.
Additionally, it is backed by comprehensive risk management and customization options. Whether you aim for steady gains or aggressive growth, the Parabolic SAR EA adapts to your needs. Thus, it provides a reliable and efficient trading solution.

Expert Advisor Settings:

  1. Lot Size: The size of each trade lot.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Maximum Total Trades: The maximum number of trades that can be open at any one time.
  7. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.

Indicator Settings:

  1. SAR Step: Step for Parabolic SAR.
  2. SAR Maximum: Maximum for Parabolic SAR.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like the Parabolic SAR helps in identifying optimal entry and exit points. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

Expert Advisor Settings:

  1. Lot Size: The size of each trade lot.
  2. Take Profit in Points: Defines the number of points at which a trade will automatically close in profit.
  3. Stop Loss in Points: Defines the number of points at which a trade will automatically close to limit losses.
  4. Trailing Start in Points: The number of points in profit a trade must reach before the trailing stop mechanism is activated.
  5. Trailing Stop in Points: The number of points to trail the stop loss behind the current price once the trailing start is activated.
  6. Maximum Total Trades: The maximum number of trades that can be open at any one time.
  7. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  8. Close On Opposite Signal: Determines whether to close trades when an opposite trading signal is generated. If set to true, the EA will close open trades when the conditions for an opposite trade are met.

Indicator Settings:

  1. SAR Step: Step for Parabolic SAR.
  2. SAR Maximum: Maximum for Parabolic SAR.

Martingale Settings:

  1. Activate Martingale Yes/No: Determines whether the Martingale strategy is enabled. If set to true, the Martingale strategy will be used.
  2. Lot Multiplier for Martingale Trades: The factor by which the lot size is increased after a losing trade.
  3. Step for Martingale in Pips: The number of pips of loss required to trigger the next Martingale trade.
  4. Maximum Martingale Total Trades: The maximum number of Martingale trades that can be open at any one time.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of indicators like the Parabolic SAR helps in identifying optimal entry and exit points. Enabling and configuring the Martingale settings can help recover losses but must be used cautiously due to the high risk involved. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

In the latest v.5 of the Parabolic SAR EA, two new input parameters have been introduced to significantly enhance risk management and trading efficiency: Daily Target Settings and Time Settings. These features provide traders with advanced control over their trading activities, ensuring disciplined and optimized trading strategies. By setting specific parameters for daily profit and loss limits, as well as defining precise trading hours, these new settings help traders achieve consistent success while minimizing risks. Below, we explore the detailed functionalities of these settings and their importance in effective trading.

Daily Target Settings

  1. Activate Max Daily Loss: This parameter enables the feature to set a maximum loss limit for the day. By activating this setting, traders can ensure that their total daily losses do not exceed a predefined threshold, protecting their capital from significant drawdowns.
  2. Maximum Daily Loss in USD: This setting defines the maximum allowable loss in USD for a single trading day. If the total losses reach this amount, the EA will stop opening new trades, preventing further losses and helping to preserve the trading account.
  3. Activate Max Daily Profit: This parameter enables the feature to set a maximum profit target for the day. Activating this setting allows traders to lock in their profits once a certain profit level is achieved, ensuring that gains are secured without the risk of market reversals eroding the profit.
  4. Maximum Daily Profit in USD: This setting specifies the maximum profit target in USD for a single trading day. Once this profit target is met, the EA will halt trading activities, thereby securing the gains for the day and preventing overtrading.

Time Settings

  1. Enable Open/Close Time: This parameter allows traders to define specific times during which trades can be opened. By enabling this setting, traders can restrict trading activities to specific hours of the day, aligning trading operations with preferred market conditions or personal schedules.
  2. Open Trades Time (HH:MM): This setting specifies the exact time when the EA is allowed to start opening new trades. It ensures that trades are initiated only during the predefined trading window.
  3. Close Trades Time (HH:MM): This setting defines the exact time when the EA should stop opening new trades. By setting a closing time, traders can avoid entering new positions late in the day or during less favorable market conditions.
  4. Enable Close All Time: This parameter activates the feature to close all open trades at a specific time. It ensures that no trades are left open beyond a certain time, thereby avoiding overnight risks or unplanned exposure.
  5. Close all Trades Time (HH:MM): This setting specifies the exact time when all open trades should be closed. It helps in wrapping up trading activities for the day and managing the risks associated with holding positions beyond the intended trading hours.

The introduction of Daily Target Settings and Time Settings in v.5 of the automated trading software represents a significant advancement in trading risk management. The Daily Target Settings allow traders to cap daily losses and secure profits, ensuring that trading activities remain within safe and predefined limits. This is crucial for preserving capital and maintaining a disciplined approach to trading. The Time Settings offer traders the ability to control trading windows, aligning their activities with optimal market conditions and personal schedules. By defining precise trading hours and ensuring that trades are not left open beyond intended periods, these settings help minimize risks associated with unfavorable market conditions and overexposure. Together, these new features provide a robust framework for achieving consistent and profitable trading outcomes, making them indispensable for traders aiming to optimize their strategies and enhance their trading success.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

10 reviews for Parabolic SAR EA

  1. Alex Johnson

    Amazing tool! It really works!

  2. Jessica

    Very helpful. Improved my trading efficiency.

  3. Brian Williams

    I’ve been using this EA, and it’s been a game-changer for my trading strategy.

  4. Melissa Brown

    It’s decent but was a bit challenging to set up initially.

  5. Kevin

    User-friendly and accurate. It’s improved my trading results significantly. Highly recommend this tool.

  6. Amy Thompson

    Good performance overall. It helps me stay on top of trends, though sometimes it feels rigid.

  7. Jason Lee

    Great tool for traders of all levels. Significant improvement in my trades since using it. Highly recommend!

  8. Rachel Green

    Works well but needs backtesting. It’s helped catch more trends.

  9. Mark Davis

    Very useful EA. Accurate in trend detection, though not perfect. Solid tool for enhancing trading strategy.

  10. Donald Lewis

    This trading advisor is a game-changer. The setup was quick and easy, and the profits have been phenomenal. The strategic insights it provides are unmatched, and the risk management features are excellent. This tool has revolutionized my trading experience. I can’t recommend it enough!

Only logged in customers who have purchased this product may leave a review.

What are the customizable settings in Parabolic SAR EA?

Parabolic SAR EA allows customization of several key settings. You can adjust the Lot Size, Take Profit Pips, Stop Loss Pips, Trail Start, Trail Stop, Max Total Trades, and Magic Number. Additionally, the Parabolic SAR indicator settings, such as the SAR Step and SAR Maximum, can be configured. The EA also includes Martingale settings like activation, multiplier, step pips, and maximum trades.

How does Parabolic SAR EA determine trade entry points?

Parabolic SAR EA uses the Parabolic SAR indicator to identify trade opportunities. A buy signal is generated when the SAR value crosses below the price, indicating a potential uptrend. Conversely, a sell signal is generated when the SAR value crosses above the price, suggesting a downtrend. The EA monitors these signals and enters trades based on the detected trend reversals.

What is the function of the trailing stop in Parabolic SAR EA?

The trailing stop in Parabolic SAR EA helps protect profits by adjusting the stop loss level as the trade moves favorably. When the trade reaches a specified profit level (Trail Start), the stop loss is moved closer to the current price by the Trail Stop amount. This mechanism locks in gains while allowing the trade to continue benefiting from favorable market movements.

Can Parabolic SAR EA close trades based on opposite signals?

Yes, Parabolic SAR EA can close trades based on opposite signals if the "CloseOnOpposite" parameter is enabled. This feature manages risk by closing positions that go against the current market trend, ensuring that the EA only maintains trades aligned with the prevailing trend, thereby reducing potential losses.

How can I optimize Parabolic SAR EA for better performance?

To optimize Parabolic SAR EA, use the Strategy Tester in MetaTrader. Adjust parameters such as Lot Size, SAR Step, SAR Maximum, Take Profit, and Stop Loss. Run multiple backtests with different settings to identify the optimal configuration for your trading strategy and current market conditions. Regular optimization helps maintain performance.

How does Parabolic SAR EA implement the Martingale strategy?

Parabolic SAR EA's Martingale strategy increases the lot size after a losing trade to recover losses potentially. The Martingale settings allow you to control the multiplier, step size in pips, and the maximum number of Martingale trades. While this approach can enhance profitability, it also increases risk, so it should be used cautiously.

How does Parabolic SAR EA manage risk?

Parabolic SAR EA manages risk through predefined Stop Loss and Take Profit levels for each trade. The trailing stop feature further secures profits and limits losses. Additionally, the EA limits the maximum number of open trades to prevent overexposure to the market, and the Martingale strategy can be adjusted to control risk.

What is the significance of the Magic Number in Parabolic SAR EA?

The Magic Number in Parabolic SAR EA is a unique identifier for trades opened by the EA. This number allows the EA to manage its trades independently of other trades on the account. It ensures that the EA only modifies and closes its own trades based on its strategy, maintaining clear trade management.

How often should I review and update Parabolic SAR EA settings?

It is advisable to review and update Parabolic SAR EA settings regularly, especially after significant market changes or economic events. Regular optimization helps keep the EA aligned with current market conditions and improves its performance. Conducting backtests and analyzing historical data can help fine-tune the settings.

What should I do if Parabolic SAR EA encounters errors?

If Parabolic SAR EA encounters errors, it logs error messages with corresponding error codes. Review these logs to diagnose the issue. Common solutions include checking the EA settings, ensuring sufficient margin in the trading account, and verifying the correct symbol and time frame are selected. Adjust the EA's parameters as needed to resolve the issues.

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