The Parabolic SAR Alert indicator for Metatrader 4 works on the PSAR trading method and provides buy/sell alerts every time the trend changes.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
The indicator appears as an orange dotted line that appears above and below the candlesticks.
Feel free to experiment with the step indicator value (indicator inputs).
Buy & Sell Trade Example
- Open a buy trade as soon as the orange colored Parabolic SAR dot appears below the candlestick.
- Open a sell trade as soon as the orange colored Parabolic SAR dot appears above the candlestick.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Parabolic_Alert.mq4” indicator for MT4
Indicator Chart (EUR/USD M1)
The picture below shows the Parabolic SAR Alert mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Parabolic SAR Alert indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: PSAR
Does the indicator repaint? No.
Parabolic SAR & Weighted Moving Average Cross MT4 Scalping Strategy
This scalping strategy combines the Parabolic SAR Alert Indicator for MT4 with the Weighted Moving Average Cross Indicator for MT4 to deliver fast, accurate signals ideal for short-term traders.
It’s designed for scalpers who prefer quick in-and-out trades within volatile sessions.
The Parabolic SAR confirms early momentum changes, while the Weighted Moving Average Cross validates those signals for higher accuracy.
The combination helps traders catch early reversals and align with the short-term trend, reducing false entries.
It works effectively on 1-minute to 15-minute charts and is especially suited for active traders focusing on pairs like EUR/USD, GBP/USD, and USD/JPY during high liquidity sessions.
Buy Entry Rules
- Wait for the orange Parabolic SAR dot to appear below the candlestick, indicating potential bullish momentum.
- Confirm the buy setup when the red line crosses the blue line from bottom to top on the Weighted Moving Average Cross Indicator.
- Open a buy position once both conditions align on the same or consecutive candles.
- Set a stop loss 10–15 pips below the last swing low.
- Take profit at 20–30 pips or when a new red Parabolic SAR dot appears above the price.
Sell Entry Rules
- Wait for the orange Parabolic SAR dot to appear above the candlestick, signaling a possible bearish reversal.
- Confirm the sell setup when the red line crosses the blue line from top to bottom.
- Open a sell trade once both confirmations appear close together.
- Set a stop loss 10–15 pips above the last swing high.
- Take profit at 20–30 pips or when a new orange dot appears below the candle.
Advantages
- Combines trend and momentum signals for higher precision.
- Ideal for quick scalp trades during volatile market hours.
- Minimizes lag with responsive Weighted Moving Average confirmation.
- Works across major forex pairs and fast time frames.
Drawbacks
- Requires fast execution and strict stop loss management.
- Not suitable for traders who prefer holding positions for long durations.
Case Study 1 – EUR/USD, M5 Chart
During the London open, the Parabolic SAR printed an orange dot below the EUR/USD 5-minute candle, signaling early bullish pressure.
A few candles later, the red line crossed above the blue line, confirming the buy signal.
The entry was taken at 1.0740, with a stop loss at 1.0725 and a target at 1.0770.
Within 45 minutes, the price hit the target, producing a clean +30 pips gain.
Case Study 2 – GBP/JPY, M1 Chart
On the 1-minute chart, a sell signal appeared as the Parabolic SAR plotted a dot above the price, while the red line crossed below the blue line shortly after.
The entry at 193.40 with a 15-pip stop loss led to a sharp move down to 193.00.
The position was closed for +40 pips in under 20 minutes during the Tokyo session volatility.
Strategy Tips
- Focus on high-volume sessions (London and New York) for more reliable signals.
- Avoid trading during major economic news releases to prevent sudden reversals.
- Use trailing stops to lock in profits when trades move strongly in your favor.
- Consider combining this setup with a volatility filter like ATR to gauge realistic scalp targets.
This Parabolic SAR and Weighted Moving Average Cross scalping approach is perfect for traders who thrive on speed and precision.
With disciplined execution, it can consistently capture 20–40 pip swings multiple times a day across active forex pairs.
Download Now
Download the “Parabolic_Alert.mq4” indicator for Metatrader 4
