Parabolic SAR Trend Follow Expert Advisor
- Experts
- William Ferdinand Smith
- Version: 1.0
- Activations: 5
The Expert Advisor (EA) is designed to trade based on Parabolic SAR signals on different symbols while dynamically adjusting the lot size to comply with the specific volume constraints of each symbol. Here is a brief description of the EA's functionality:
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Trading Strategy:
- The EA utilizes Parabolic SAR signals to generate buy or sell signals for trading.
- When a new buy signal is detected (values[1] < Low and values[0] > High), the EA closes any existing positions and opens a new buy trade.
- Similarly, when a new sell signal is detected (values[1] > High and values[0] < Low), the EA closes any existing positions and opens a new sell trade.
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Lot Size Adjustment:
- The EA calculates a dynamic lot size for each trade based on the specific symbol's volume constraints.
- The AdjustLotSize() function ensures that the calculated lot size is rounded to the nearest valid volume step for the symbol.
- The adjusted lot size is validated against the symbol's minimum and maximum volumes before executing a trade, ensuring compliance with the symbol's trading conditions.
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Symbol-specific Trading:
- The EA can trade on various symbols available on the MetaTrader 5 platform.
- By dynamically adjusting the lot size based on each symbol's requirements, the EA can adapt to different symbols with varying volume constraints.
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Execution and Monitoring:
- The EA operates on the OnTick() event, constantly monitoring price movements and Parabolic SAR signals for trade opportunities.
- It closes existing positions before opening new trades to manage risk and avoid potential conflicts.
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Flexibility and Compliance:
- The EA's lot size calculation logic ensures that trading operations comply with the volume constraints of any symbol, allowing for a more flexible and robust trading strategy across multiple instruments.
Overall, the Expert Advisor combines Parabolic SAR signals with dynamic lot size adjustments tailored to each symbol, enhancing the adaptability and compliance of the trading strategy. By incorporating these features, the EA aims to optimize trading performance while adhering to the specific requirements of different symbols in the MetaTrader 5 platform.
