Forex Best Parabolic SAR Trading Strategy
Forex Best Parabolic SAR Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around Parabolic SAR. Its source code uses moving averages, ATR and Parabolic SAR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 14 settings, for example Time Frame (default current time frame), Half Length (default 56) and Price (default 6). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 indicator files 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.
Indicator · MT4 · v1.0 · Free
About Forex Best Parabolic SAR Trading Strategy
Forex Best Parabolic SAR Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, ATR and Parabolic SAR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 14 settings, such as Time frame, Half length and Price. MQL source code included.
Files in the download: besar 01-.mq4, Escalda-1.mq4, installation manual.txt, PARA.mq4, reversal super sar.tpl, Super Sar.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | current time frame | Period or timeframe used by the calculation |
| Half length | 56 | |
| Price | 6 | |
| Bands deviations | 2.5 | |
| Interpolate | TRUE | |
| Alerts on | TRUE | Turn this alert on or off |
| Alerts on current | FALSE | Turn this alert on or off |
| Alerts on high low | TRUE | Turn this alert on or off |
| Alerts message | TRUE | Turn this alert on or off |
| Alerts sound | TRUE | Turn this alert on or off |
| Alerts email | FALSE | Turn this alert on or off |
| Step | 0.013 | Distance between orders |
| Maximum | 0.2 | |
| Precision | 5 |
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 → Indicators.
- 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 indicator from the Navigator onto a chart and adjust the settings.
Tags: Parabolic SAR · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code