EA PSAR V1 0 2 2
EA PSAR V1 0 2 2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to Parabolic SAR. This copy is version 1.0.2. Its source code uses Parabolic SAR. It has a news filter. It has 8 settings, for example Lot Size (default 0.1), Stop Loss (default 20) and Take Profit (default 500). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1 · Free
About EA PSAR V1 0 2 2
EA PSAR V1 0 2 2 is an expert advisor (trading robot) for MetaTrader 4 based on Parabolic SAR. It has a news filter. It has 8 settings, such as Lot size, Stop loss and Take profit. MQL source code included.
Files in the download: EA-PSAR_v1-0.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lot size | 0.1 | Position size |
| Stop loss | 20 | Stop loss in pips |
| Take profit | 500 | Take profit in pips |
| Slippage | 2 | Slippage in pips |
| Trade enabled | true | Enable trade |
| Psar step | 0.2 | PSAR Step |
| Psar max step | 0.02 | PSAR Max Step |
| Magic number | 11223344 | Magic Number to assign to the orders |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Parabolic SAR · News Trading · MT4 Expert Advisor · MQL4 Source Code