Parabolic SAR EA
Trend-following PSAR EA with multi-channel alerts · Free, open-source · MT4
About Parabolic SAR EA
The Parabolic SAR EA, documented at theforexgeek.com and earnforex.com, is a free, open-source MetaTrader 4 Expert Advisor built around the classic Parabolic SAR (Stop and Reverse) trend-following indicator. It automatically analyses every chart it's attached to for buy/sell signals, sending alerts via SMS, email, or platform pop-up when a valid signal forms according to its built-in algorithm.
Key settings — the PSAR step and maximum values — are exposed as adjustable external inputs, letting traders tune sensitivity to match their preferred trading style. As a trend-following tool, it's most effective in trending markets and can generate false signals during ranging/sideways conditions.
- Platform: MetaTrader 4
- Strategy: Parabolic SAR (Stop and Reverse) trend-following
- Alerts: SMS, email, or platform pop-up on signal
- Adjustable inputs: PSAR step, PSAR maximum
- Price: Free, open-source
- Source: theforexgeek.com · Free Parabolic SAR Expert Advisor (EA) Download