AW Parabolic SAR EA

What is AW Parabolic SAR EA?

• AW Parabolic SAR EA is a fully automated trading robot designed for the Forex market, which leverages the renowned Parabolic SAR indicator to identify trend reversals and generate trading signals. 📈
• This EA supports various trading features, including automatic lot size calculation and the ability to manage multiple orders simultaneously.
• It provides essential functionalities such as closing the first and last basket orders, thereby optimizing trade management.
• The advanced information panel enables traders to obtain crucial insights about their trades and performance.

Key Features

• Flexibility to be used across any trading instrument and timeframe.
• Configurable parameters for the built-in Parabolic SAR indicator, allowing traders to tailor it to their strategies.
• Intuitive user interface with easy setup processes, making it accessible for both novice and experienced traders.
• Ability to restrict the EA to open only one order per candle, ensuring cautious trading.
• Incorporates automatic risk management settings, which help minimize potential losses. 💡

Trading Strategy

• The EA operates based on Parabolic SAR signals, opening buy orders when an uptrend signal is detected and sell orders for downtrends.
• It can execute two-way trade strategies, allowing traders to engage in both bullish and bearish markets simultaneously.
• The functionality for averaging orders allows for better management during fluctuating market conditions.
• Dynamic adjustments in risk management settings based on the trader's preferences can enhance profitability.

Input Variables

• Size_of_the_first_order: Determines the volume for opening the initial trade.
• Enable_Autolot_calculation: Activates automatic calculation of the lot size based on the account balance.
• SAR_Timeframe: Specifies the timeframe for the Parabolic SAR indicator, customizable to better filter trends.
• Step_SAR and Maximum_SAR: Control the settings of the Parabolic SAR indicator, ensuring flexibility in its application.

Trade Management Features

• Robust system for managing multiple orders, including setting maximum slippage and spread tolerances.
• Options for enabling notifications such as push, email, and alerts to stay updated on trade status.
• Integration of features to close trades when opposite signals are generated, providing effective exit strategies. 🚪