If you're looking to enhance your trading game, the pSAR Bug 5 Expert Advisor (EA) for MetaTrader 4 is a fantastic tool to consider. Designed to execute trades based on the first signal from the Parabolic SAR indicator, this EA offers a customizable trading experience that caters to your specific needs.
Key Features:
- Customizable stop loss, take profit, trailing stop, and lot size settings for opening trades.
- Performance depends on your chosen parameters, so you can fine-tune it for your strategy.
Important Note:
To ensure everything runs smoothly, it's essential to adjust the SAR indicator's "Step" and "Maximum" values to match those of the EA. While the EA can function without the indicator, aligning these settings will provide a more accurate visual representation. For example, if you set the EA's step to the default (0.001) but leave the SAR's step at (0.02), you might think the EA hasn't triggered an order. In reality, the virtual SAR with a step of 0.001 hasn’t provided a signal yet.
If the EA fails to open an order and an error appears in the journal, that's your cue to investigate further. Stay updated by checking this page regularly!
For those who want to dive deeper, comprehensive documentation for pSAR Bug 5 is available here.
| Symbol | EURJPY (Euro vs Japanese Yen) | ||||
| Period | 30 Minutes (M30) 2010.01.04 02:30 - 2010.06.20 23:30 | ||||
| Model | Every tick (the most precise method based on all available timeframes) | ||||
| Parameters | StopLoss=90; TakeProfit=20; Lots=10; Slippage=5; Caution="Advanced settings follow. Don't change if you're unsure."; Step=0.001; Maximum=0.2; StopMult=true; | ||||
| Bars in test | 5906 | Ticks modelled | 13972529 | Modelling quality | n/a |
| Mismatched charts errors | 7997 | ||||
| Initial deposit | 10,000.00 | ||||
| Total net profit | 106,621.64 | Gross profit | 147,443.80 | Gross loss | -40,822.15 |
| Profit factor | 3.61 | Expected payoff | 1,545.24 | ||
| Absolute drawdown | 1,316.32 | Maximal drawdown | 18,684.41 (32.35%) | Relative drawdown | 48.61% (11,109.22) |
| Total trades | 69 | Short positions (won %) | 35 (100.00%) | Long positions (won %) | 34 (88.24%) |
| Profit trades (% of total) | 65 (94.20%) | Loss trades (% of total) | 4 (5.80%) | ||
| Largest | profit trade | 2,343.41 | loss trade | -10,212.07 | |
| Average | profit trade | 2,268.37 | loss trade | -10,205.54 | |
| Maximum | consecutive wins (profit in money) | 24 (54,387.37) | consecutive losses (loss in money) | 1 (-10,212.07) | |
| Maximal | consecutive profit (count of wins) | 54,387.37 (24) | consecutive loss (count of losses) | -10,212.07 (1) | |
| Average | consecutive wins | 13 | consecutive losses | 1 | |
With the pSAR Bug 5, you're not just trading; you're engaging with a sophisticated system that adapts to your strategy. Don’t forget to check back for updates and maximize your trading potential!
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