PSAR Trend Trading MT5
Advisor is part of a deal with the change of the trend in the current timeframe.
The open position is closed upon detection of a reverse trend or when the take-profit or stop-loss.
I have created a signal based on the daily charts https://www.mql5.com/ru/signals/316404. Expected number of transactions per week - from two to five.
Features
- Easy to set up and use.
- It works with any Forex-broker.
- It supports any type of account, including mini and micro.
- It works on any symbol and timeframe.
- Only one open position in each chart.
Options
- lot - Presumptive Lot
- stoploss - stop-loss points on five-digit quotes
- takeprofit - take-profit points in the five-digit quotes
- pips - the maximum distance in points between the opening price of the current candle and the closing price of the previous candle
- step - Parabolic SAR step
- max - the maximum value of Parabolic SAR
- market - Market execution
- fok - order will be executed only in the specified volume
- ret - in the event of partial execution of a market or limit order to the residual volume is not removed, but continues to act
- ioc - commit transaction to the maximum available on the market volume in the range specified in the order
- slipp - maximum slippage
- sec - pause in seconds between attempts to open a position
Documentation
- Parabolic SAR: https://www.metatrader5.com/ru/terminal/help/indicators/trend_indicators/psar
- execution Policy: https://www.mql5.com/ru/docs/constants/tradingconstants/orderproperties#enum_order_type_filling
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