Parabolic SAR 3
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Parabolic SAR 3. Its name points to Parabolic SAR. In the code it works with Parabolic SAR. It has 4 settings, for example Step (default 0.003), Maximum (default 0.08) and lot (default 2). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 indicator 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 · v1.0 · Free
About Parabolic SAR 3
Parabolic SAR 3 is an expert advisor (trading robot) for MetaTrader 4 based on Parabolic SAR. It has 4 settings, such as Step, Maximum and Lot. MQL source code included.
Files in the download: Parabolic_SAR.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 |
|---|---|---|
| Step | 0.003 | Distance between orders |
| Maximum | 0.08 | |
| Lot | 2 | lot |
| SL | 500 | Stop loss distance |
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 · MT4 Indicator · MQL4 Source Code