Parabolic EA
PSAR trend-reversal EA · Multi-asset (Forex/Commodities/Indices/Stocks/Crypto) · MT4
About Parabolic EA
The Parabolic EA, listed on the MQL5 Market, is a MetaTrader 4 Expert Advisor built around the Parabolic SAR indicator (developed by J. Welles Wilder, also creator of the RSI). It identifies potential trend-reversal points to time entries and exits.
It includes several customisable features beyond the base PSAR logic: adjustable indicator and trading settings, configurable trading sessions, and an optional Martingale mode. It's compatible with Forex, Commodities, Indices, Stocks, and Crypto, across timeframes from Daily down to M5.
- Platform: MetaTrader 4
- Strategy: Parabolic SAR trend-reversal detection
- Markets: Forex, Commodities, Indices, Stocks, Crypto
- Timeframes: Daily down to M5
- Optional: Martingale mode (togglable), configurable trading sessions
- Source: mql5.com · Parabolic EA
Key Features
✓ Official MQL5 Market listing — verifiable publisher and version history
✓ Works across multiple asset classes, not limited to forex
⚠ If Martingale mode is enabled, drawdown risk increases significantly — and PSAR itself performs poorly in ranging markets; test extensively before live use