Author:
The mastermind behind this Expert Advisor is Arturo Lopez, the founder of Point Zero Trading Solutions.
The Parabolic SAR is a staple in many traders' arsenals. It employs two Parabolic SAR indicators with varying periods to pinpoint the trend's direction and decide when to exit. The slower PSAR signals when to enter the market, while the faster PSAR helps you determine when to cash out. If you’re into intraday trading, this semi-automated tool is a game changer.
Key Features:
- Fully customizable Parabolic SAR settings (Step and Maximum)
- Compatible with both ECN and Non-ECN brokers as well as 2-5 digit symbols
- ATR-based initial stop-loss (Default set to ATR(30)*2.5)
- Optional ATR-based trailing stop (disabled by default)
- Money management features (default risk set at 2%)
- Ability for partial closing of profitable trades
- Option for break-even on profitable trades
- Trades are automatically closed based on opposing signals
- Configurable trading hours to fit your schedule
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