Description
PSar Recovery EA_ex4: Advanced Trading Strategy with Parabolic SAR and ADX.
📈 What is PSar Recovery EA?
Thank you for reading this post, don't forget to subscribe!The PSar Recovery EA is an Expert Advisor (EA) developed using the Fxdreema tool and compiled into an EX4 file for seamless use on the MetaTrader 4 platform. This EA is specifically designed to implement a trading strategy by utilizing Parabolic SAR (PSar) and ADX to accurately identify market reversal points. The EA also features an automated order management system to enhance profit opportunities while minimizing risk.
🔍 EA Structure
The structure of PSar Recovery EA includes the following components:
- Decision-Making Using PSar and ADX:
- Opens a Buy order when PSar 2 > High 2 and PSar 1 < Low 1 with ADX 1 > Line for Trend
- Opens a Sell order when PSar 2 < Low 2 and PSar 1 > High 1 with ADX 1 > Line for Trend
- Trade Management System:
- Utilizes Conditions to set No Trade scenarios when trade conditions are not met
- Once per bar system to avoid multiple order entries within the same candle
- Automated Order Closure:
- Implements Check Profit Unrealized and Custom MQL Code to close orders once the target profit is achieved
🌟 Key Features of PSar Recovery EA
- PSar and ADX Trading Strategy: Provides precise entry and exit points during market reversals
- Automated Order Closure System: Minimizes loss risk and enhances investment security
- Full Input Customization: Allows adjustment of PSar, ADX, and calculation formulas
- Versatile Account Compatibility: Suitable for both Cent and Standard accounts using an Autolot system to dynamically adjust lot sizes
💼 Technical Information
- Recommended Initial Capital: $100 USD (Cent) or $1000 USD (Standard)
- Lot Size Type: Autolot automatically adjusts lot size based on capital
- Trade Closing System: Dynamic Stoploss & Trailing Stop
- Trading Symbol: EURUSD
- Timeframes: 1 Hour
⚠️ Warnings and Precautions
- Users are fully responsible for trading risks
- Perform Backtesting with Tick Data 99.9% before live trading
- Always start with a Demo Account before switching to a Real Account
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PSar Recovery EA, Automated Trading, MQL4, Expert Advisor (EA), Parabolic SAR, ADX Indicator, Dynamic Stoploss, Trailing Stop, Autolot System, EURUSD, Forex Trading
