ParabSar Trender
- Experts
- Panagiotis Vinieris
- Version: 3.0
- Updated: 1 August 2023
- Activations: 5
EA using three indicators for entry confirmations ( Parabolic Sar ) , ( Awesome Oscillator ) , ( Relative Strength Index ) .
Can manage two orders , 1st as the main order and 2nd as the counter order for hedging purposes .
Note : 1st Order can trade at the same side with 2nd order and is not affected from order executions of the second order
You can do a lot of sets/combinations with the ea settings for every time frame of MT4 .
Example sets can be found here : https://www.mql5.com/en/market/product/88627?source=Unknown%3Ahttps%3A%2F%2Fwww.mql5.com%2Fen%2Fmarket%2Fmy#!tab=comments
Suggested to test every tick visual mod on MT4 tester to see how it works. Example sets periods/dates was at two month length .
Parameters
Time start - Choose the time you want the ea to start trading
End hour - Choose the time you want the ea to stop trading
First order time frame - Choose the time frame of MT4 platform for the first order you want to get entry signals
Use second order - Choose if you want to use the second order or not
Second order time frame - Choose the time frame of MT4 platform for the second order you want to get entry signals
Parabolic Sar settings
Step first order - Choose the step of the indicator
Maximum - Choose the maximum points of the indicator
Step second order - Choose the step of the indicator
Maximum - Choose the maximum points of the indicator
Relative Strength Index settings ( For no swing trading set RSI MAXIMUM=100 & RSI MINIMUM=0.0) RSI normally will not be used for entry signals so the ea will takes the entry's by Parabolic SAR & Awesome Oscillator only.
RSI period- Choose RSI period point
RSI applied price - Choose RSI applied price
RSI Maximum for buy - Choose RSI level to buy - EA will BUY when RSI line is below the level you have chosen
RSI minimum for sell - Choose RSI level to sell- EA will SELL when RSI line is upper the level you have chosen
Note : Awesome Oscilator using the standard values for entry signals and is not adjustable on settings for changes .
Rest parameters
Use closed bars only for signals - Choose if you want the signal entry's to get confirmed after a closed bar on the particular time frame or not
Standard lot size(First order) - Choose lot size for the first order
Negative rate lot(First order) - Choose if you want to increase lot size after a lossing position - The ea calculator will detect if an order close with loss and will use the negative rate lot for the next open position
Standard lot size(Second order)
Negative rate lot (Second order)
Maximum lot size - The maximum lot size for all positions
Use % reach take profit(First order) - Choose if you want to use break even for the first order
Persent(First order) - Choose the persent of stop loss movement for the first order ( If you choose 50% the stop loss will be move at 50% profit of the overall profit of your position )
Minimum pips for % (First order) - Choose the pip ammount in profit the break even will activated
Close profit - Choose target profit
Close loss - Choose loss limit
