Simple SAR EA2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Simple SAR EA2. As the name suggests, the idea behind it is Parabolic SAR. It places pending orders and moves the stop behind price. It has 3 settings, for example SAR Step (default 300), Trailing Step (default 50) and Lots (default 0.1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 · v1.0 · Free
About Simple SAR EA2
Simple SAR EA2 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 3 settings, such as Sar step, Trailing step and Lots. MQL source code included.
Files in the download: SimpleSAR_EA2.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 |
|---|---|---|
| Sar step | 300 | Distance between orders |
| Trailing step | 50 | Trailing stop distance or switch |
| Lots | 0.1 | Trade size in lots |
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: Pending Orders · Trailing Stop & Break-even · MT4 Expert Advisor · MQL4 Source Code