About the PZ Parabolic SAR Expert Advisor
The PZ Parabolic SAR Metatrader 4 Forex Robot is an expert advisor that runs on a simple currency trading strategy.
The EA takes advantage of two Parabolic SAR indicators with varying periods to determine the direction of the trend as well as the point of exit.
The PZ Parabolic SAR forex robot gives accurate triggers on when to buy or sell, and its exit point is determined by the faster PSAR.
Seemingly, it is the slow Parabolic SAR component that determines when a buy or sell trade gets triggered.
In view of this, the PZ Parabolic SAR is a great tool for intraday trading.
Considering its fully configurable features, the EA works best with both ECN/Non-ECN brokers.
It has a default 2% money management risk exposure, as well as presenting configurable trading sessions.
Free Download
Download the “PZ_ParabolicSar_EA.mq4” MT4 robot
Key Features
Parabolic SAR Signal Entries
The EA enters trades when Parabolic SAR flips direction, following the shift in momentum aligned with the trend.
Trend Confirmation Filters
Optional moving average or momentum filters help confirm trend direction before executing SAR-based entries.
Flexible Exit Strategies
Includes configurable stop loss, take profit, and optional SAR-based trailing to secure gains while allowing trend development.
Risk Control Parameters
Allows fixed pip-based and volatility-adjusted exits with adjustable risk percentage settings, helping manage exposure and protect capital.
Strategy Tester Report
Find below the PZ Parabolic SAR tester report for the EUR/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $10136.60 from a total of 115 trades.
The largest winning trade generated $1715.90 in profits, while the largest losing trade generated a loss of $1670.90.
Statistics:
Bars in test: 2911 ticks modelled
Initial deposit: $10000.00
Total net profit: $10136.60
Total trades: 115
Largest profit trade: $1715.90
Largest loss trade: -$1670.90
Consecutive wins: 3
Consecutive losses: 2
How the EA Works
- Monitors Parabolic SAR indicator for flips—SAR dots moving above or below price bars signal entry points.
- Checks trend filter (if enabled) for alignment with SAR signal direction.
- Opens position when SAR flip and optional confirmation criteria align.
- Applies stop loss and take profit based on fixed pips or recent volatility.
- Optional SAR-based trailing shifts stop level as SAR adjusts.
Download Now
Download the “PZ_ParabolicSar_EA.ex4” Metatrader 4 robot
Parameters & Settings
- SARStep, SARMax — configure sensitivity of Parabolic SAR; smaller values increase responsiveness, larger values reduce noise.
- EnableTrendFilter — toggle for additional trend confirmation (e.g., MA or oscillator-based).
- StopLossPips, TakeProfitPips — set fixed pip levels or use volatility adjustments.
- UseSARTrailing — toggle SAR-based trailing stop functionality.
- RiskPercent — fixed percentage of account equity risked per trade.
- MaxSpread — limit to avoid trading during low liquidity or high-cost periods.
Recommended Trading Setup
- Pairs: EURUSD, USDJPY, AUDUSD — reliable for trend clarity and SAR responsiveness.
- Timeframe: H1 or H4 to manage trade frequency while maintaining clear trend signals.
- Account Type: ECN or low-spread brokers for tight execution around SAR flips.
- Risk: 0.5%–1% of account balance per trade for conservative to moderate risk management.
- Use Case: Best combined with additional trend filters or during trending markets for optimal performance.
FAQ
Does the EA repaint Parabolic SAR?
No — Parabolic SAR is a non-repainting indicator; it signals flips based on finalized previous bars, ensuring entry accuracy.
Can I use it without a trend filter?
Yes — the EA works standalone, but enabling a trend filter can enhance entry quality by avoiding choppy conditions.
Are trailing stops automatic?
Yes — if UseSARTrailing is enabled, trailing stop levels adjust according to updated SAR values as the trend evolves.
How do I backtest effectively?
Apply the included .set file in MT4 Strategy Tester over several months on demo or test accounts to observe behavior across different market environments.
Can it open multiple trades concurrently?
Depending on your settings (spread, risk, SAR sensitivity), the EA may open multiple positions; use MaxSpread and risk parameters to manage concurrency.
Summary
PZ Parabolic SAR EA for MetaTrader 4 offers streamlined, trend-following automation using the Parabolic SAR indicator for entries and optional trailing.
With risk controls, filter options, and visualization clarity, you gain structured SAR-based trading.
Download the free EA package, load the recommended settings, backtest on demo, and start capturing trend moves with confidence.
