PSAR Trend Trading MT4

This EA initiates a trade when the trend on the current timeframe changes.

The open position is closed when a reverse trend is detected or when take profit or stop loss level is reached.

I created a signal on daily charts https://www.mql5.com/en/signals/316404 where I expect 2-5 trades a week.

Features

• Easy to use without difficult setup.
• Works on any Forex broker.
• Supports any account type including mini and micro.
• Works on any symbol and timeframe.
• only 1 open position on each chart.

Parameters

• lot - fixed lot size
• stoploss - stop loss setting in points on a 5-digit broker
• takeprofit - take profit setting in points on a 5-digit broker
• pips - maximum distance in points between the price of opening the current candle and closing price of the previous candle
• step - parabolic sar step value
• max - parabolic sar max value
• magic - magic number
  
• slipp - maximum slippage
• sec - number of seconds of a pause between retry of opening a position in case of failure

documentation

• Parabolic SAR: https://www.metatrader5.com/en/terminal/help/indicators/trend_indicators/psar