PSAR Expert Extended MT5

This robot operates based on the Parabolic SAR indicator.

Verion for MetaTrader4 here.

The advanced EA version includes the following changes and improvements:

• The EA behavior has been monitored on various account types and in different conditions (fixed/floating spread, ECN/cent accounts, etc.)
• The EA functionality has been expanded. Features better flexibility and efficiency, better monitoring of open positions.
• Works on both 4 and 5 digits brokers.
• The EA does not use martingale, grid or arbitrage.

Settings

• EA Comment — comments.
• Magic number — EA's magic number. For working with its own orders only.
• Max.spread(points) — limit for the maximum spread in points. 0 - not used.
• Lot — base lot for opening new orders.
• Stop Loss(points) — stop loss in points of the current instrument.
• Take Profit(points) — take profit in points of the current instrument.
• Slippage(points) — maximum price deviation in points of the instrument.
• Timeframe for the calculation — the working timeframe of the Expert Advisor.
• Step PSAR — standard parameter of Parabolic SAR. The increment of speed of the indicator.
• Maximum PSAR — standard parameter of Parabolic SAR. Maximum rate of the speed of convergence of the indicator with the price.
• Time limit — time limit for the EA operation.
• Start hour — trading start hour.
• Start minute — trading start minute.
• Stop hour — trading end hour.
• Stop minute — trading end minute.