PSAR EA v1.0.0
Parabolic SAR S/R breakout EA · Optional dual-PSAR trend filter · New-candle entries · MT4
About PSAR EA v1.0.0
The PSAR EA (v1.0.0), reviewed at mql5.software, is a MetaTrader 4 Expert Advisor built as a professional trend-following robot based on the Parabolic SAR indicator, using P-SAR support/resistance levels to time entries — a buy signal generates when price breaks through the resistance level, and a sell signal when price breaks through support.
Default PSAR parameters are Step 0.02, Maximum 0.2, controlling the indicator's reaction speed. The advanced version of this EA family adds dynamic trailing stops and trend filters, including an optional second Parabolic SAR indicator used specifically as a trend filter; by default, the EA only trades on a new candle open, avoiding mid-candle noise.
- Platform: MetaTrader 4
- Strategy: Parabolic SAR support/resistance breakout
- Default PSAR settings: Step 0.02, Maximum 0.2
- Advanced features: Dynamic trailing stop, optional second PSAR as trend filter
- Entry timing: New candle open only (default)
- Version: 1.0.0
- Source: mql5.software · PSAR EA MT4 Review — Automated Parabolic SAR Strategy