The parabolic SAR indicator is used to determine trend direction and potential reversals in price.
Open the MT4 platform and activate the Automated Trading mode.
In MT4, go to Tools -> Options. From the Expert Advisors tab, check the marks as shown in the picture above and add the Prop Quant link as shown (http://prop-quant.com/)
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• NOTE: In order the PQ Parabolic SAR to be active you need to Sign Up
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The Parabolic SAR is used to determine trend direction and potential reversals in price.
PQ Parabolic SAR will help you trade using the well known Parabolic SAR indicator.
The EA will place a BUY trade when the first SAR point will be plotted below the price. A SELL trade will be placed once a candle close price is below a SAR point
Inputs PQ Parabolic SAR
Username: Your PQ username received by email when you first ordered a product from our website.
TakeProfit : Calculated in points. Plotted on the chart but not visible to your Broker.
StopLoss : Calculated in points. Plotted on the chart but not visible to your Broker.
PastTrendConfirmation : The number of closed candles you want to wait for signal confirmation.
Max Orders : Select how many trades can be opened, at the same time.
Lot : Trading volume for each trade
Use MA : (Moving Average) – If you do not want to use MA, select the MA parameter to 0.
Period : Choose the MA period. For visual representation, plot the MA on the chart, from the Navigator window, the Indicators section.
Step : The initial size of the acceleration factor
Note: All signals are triggered at candle close