Forex Day Trading Parabolic Sar Strategy
Forex Day Trading Parabolic Sar Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Parabolic SAR. It draws arrows on the chart and can send alerts. It has 40 settings, for example SSP (default 19), RISK (default 3) and Count Bars (default 18250). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 7 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 Day Trading Parabolic Sar Strategy
Forex Day Trading Parabolic Sar Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as SSP, RISK and Count bars. MQL source code included.
Files in the download: 1 arrows & curves.ex4, arrows&curves lucas1 v3e.ex4, arrows&curves lucas1 v3e.mq4, day trading with parabolic sar.tpl, installation manual.txt, PivotsD_v5 (Black).ex4, PivotsD_v5 (Black).mq4, Pivot_Points_-_Daily_sShiftedd.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 19 | ??? ??????????????? |
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 18250 | ???????? - ?? 30 ????? ?? |
| Sky ch | 23.6 | |
| Alert message | true | Turn this alert on or off |
| Alert sound | false | Turn this alert on or off |
| Alert email | false | Turn this alert on or off |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | TRUE | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | TRUE | |
| Today box color | C'0x1E,0x21,0x24' | Colour on the chart |
| Show yesterday box | TRUE | |
| Yesterday box color | C'0x14,0x12,0x29' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter \'1\' | |
| Note2 | Start lines at Day Separator, enter \'2\ | |
| Note3 | Start lines at current candle, enter \'3 | |
| Start lines | 2 | |
| Stop lines at current candle | FALSE | |
| ___ | ||
| Part 3 | Pivot Line Color & Selection Settings: | |
| Central pivot color | Blue | Colour on the chart |
| Cp line style 01234 | 0 | |
| Cp solid line thickness | 1 | |
| Resistance pivots color | FireBrick | Colour on the chart |
| R line style 01234 | 0 | |
| R solid line thickness | 1 | |
| Support pivots color | Green | Colour on the chart |
| S line style 01234 | 0 | |
| S solid line thickness | 1 | |
| Show mid pivots | TRUE | |
| Mid pivots color | C'0x6C,0x6C,0x00' | Colour on the chart |
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 · MT4 Indicator · MQL4 Source Code