Welcome to the world of automated trading! Today, we’re diving into the PSAR Bug 3 Expert Advisor (EA) for MetaTrader 4, designed specifically to capitalize on the first Parabolic SAR signal to open and close trades. This EA is a game-changer, but its performance hinges on your custom settings for stop loss, take profit, trailing stop, lot size, and more.
Important Note: To ensure your EA operates seamlessly with the SAR indicator, adjust the 'Step' and 'Maximum' values accordingly. While it’s primarily for visual alignment, it’s crucial for avoiding confusion. If you’re using the default step setting for the EA (0.001), you might mistakenly think the EA hasn’t executed a trade when the SAR indicator (which often defaults to 0.02) signals otherwise. Always keep an eye on the journal for any errors if no trades are executed.
In this latest version of the EA, there’s an added parameter called StopMult, which you can set to either 10 or 1. If your strategy tester shows no trades opened in a month, set it to 10. This adjustment can help improve compatibility with certain brokers. For instance, if you’re with forex.com, set it to 1, while for Alpari, leave it at 10. We’ve only confirmed these settings for these three brokers, so feel free to share your findings with other brokers in the comments!
Strategy Tester Report:
This report is from a Finexo account:
Strategy Tester Overview
- EA Name: PSAR Bug 3
- Account Type: Finexo-Real (Build 226)
- Trading Pair: EURJPY (Euro vs Japanese Yen)
- Testing Period: 30 Minutes (M30) from 2010.01.04 02:30 to 2010.06.20 23:30
- Model: Every Tick (the most precise method)
- Initial Deposit: £10,000.00
Performance Highlights
| Total Net Profit: | £106,621.64 |
| Gross Profit: | £147,443.80 |
| Gross Loss: | -£40,822.15 |
| Profit Factor: | 3.61 |
| Total Trades: | 69 |
| Winning Trades (%): | 94.20% |
| Largest Profit Trade: | £2,343.41 |
| Largest Loss Trade: | -£10,212.07 |
Trade History Snapshot
| # | Time | Type | Order | Size | Price | S / L | T / P | Profit | Balance |
| 1 | 2010.01.04 10:47 | buy | 1 | 10.00 | 133.549 | 132.649 | 133.749 | ||
| 2 | 2010.01.04 13:17 | t/p | 1 | 10.00 | 133.749 | 132.649 | 133.749 | £2,269.50 | £12,269.50 |
| 3 | 2010.01.05 05:37 | sell | 2 | 10.00 | 132.634 | 133.534 | 132.434 | ||
Keep an eye on this page for the latest updates, and feel free to reach out with any questions or suggestions regarding StopMult settings for other brokers. Happy trading!
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