The PZ Parabolic SAR Metatrader 4 Forex Robot is an expert advisor that runs on a simple curreny trading strategy.
The EA takes advantage of two Parabolic SAR indicators with varying periods to determine the direction of the trend as well as point of exit.
The PZ Parabolic SAR forex robot gives accurate triggers on when to buy or sell, and its exit point is determined by the faster PSAR.
Seemingly, it is the slow Parabolic SAR component that determines when a buy or sell trade gets triggered.
In view of this, the PZ Parabolic SAR is a great tool for intraday trading.
Considering its fully configurable features, the EA works best with both ECN/Non-ECN brokers.
It has a default 2% money management risk exposure, as well as presenting configurable trading sessions.
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Strategy Tester Report
Find below the PZ Parabolic SAR tester report for the EUR/USD forex pair on the Daily chart.
The EA made a total profit of $10136.60 from a total of 115 trades. The largest winning trade generated $1715.90 in profits while the largest losing trade generated a loss of-$1670.90.
Bars in test: 2911 ticks modelled
Initial deposit: $10000.00
Total net profit: $10136.60
Total trades: 115
Largest profit trade: $1715.90
Largest loss trade: -$1670.90
Consecutive wins: 3
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: TL_EX, StartHour, StarMimute, StartHour, endMinute, PS_Ex, PS_Ex2, TradeStep, TradeMax, PS_Ex3, StopStep, StopMax, SL_Ex, …
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Parabolic SAR
Copy and paste the PZ_ParabolicSar_EA.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)