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Parabolic Arrow EA is an MT4 expert advisor that follows the Parabolic SAR trend, adds grid orders when price stalls and closes the basket at a set money target. It is mainly aimed at XAUUSD.
Get one message the moment it launches, with its price.
Parabolic Arrow EA is a fully automated expert advisor for MetaTrader 4. It reads the direction of the market from the Parabolic SAR indicator, opens trades that agree with that direction, adds extra grid orders when price stalls, and closes the whole group of trades once a money target is reached. It is aimed mainly at gold charts (XAUUSD).
The logic can be split into four parts, each of which you should understand before running the EA on a live account.
The EA watches the Parabolic SAR on the chart it is attached to. When the indicator shows that price is trending up or down, the EA opens a position in that direction. Because the signal comes from a single indicator, the EA reacts to what the chart is already doing rather than trying to predict turning points.
If the Parabolic SAR flips and the trend turns against the open order, that order is closed with a stop loss. The idea is to stop a losing trade from running further once the original reason for it has gone.
When price does not move as expected after an entry, the EA can open additional orders at set distances, forming a grid. This can help a basket recover in a sideways or slow market, but it also increases the exposure while the market moves against you. A strong move in one direction is the main danger of any grid approach.
All open positions are closed together when the combined result reaches a target value in account currency that you define. This replaces the usual single take profit with one exit for the whole basket.
The EA is described for XAUUSD on the M5 timeframe, and a set file for those conditions is mentioned. Other symbols or timeframes may run, but they have not been described here, so test them carefully before relying on them. Gold can have wide spreads and fast moves around news, so check your broker's symbol name, spread and execution quality.
Exact input names and default values are not listed here, so read the Inputs tab after attaching the EA. The table shows the areas you should review.
| Area | What to check |
|---|---|
| Lot size | Match it to your balance and the size of the grid you are willing to carry |
| Stop loss | Distance used to close an order when the trend reverses |
| Parabolic SAR values | Step and maximum used to judge the trend |
| Grid distance and levels | How far apart extra orders are placed and how many can be open |
| Basket profit target | Money amount at which all positions close |
| Magic number | Keep it unique if you run several EAs on one account |
Trading carries risk, and past results do not predict future ones. Grid systems can hold several losing orders at the same time and may lead to large drawdowns. Test on a demo account and in the Strategy Tester first, and only risk money you can afford to lose.
For continuous operation, many users run MT4 on a VPS so that the terminal is not interrupted.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Main market | Gold (XAUUSD) |
| Suggested timeframe | M5, as described for the gold set file |
| Trade style | Trend following with a grid and basket exit |
| Core indicator | Parabolic SAR |
| Requirements | MT4 terminal with Algo Trading enabled; VPS suggested for continuous running |
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No. This listing is the MetaTrader 4 version and runs only in an MT4 terminal. If you use MT5, you need a product built for that platform.
The tool is described mainly for gold (XAUUSD) on the M5 chart, and a set file for those conditions is mentioned. Check your download for the set file and confirm that your broker's gold symbol name matches what you attach the EA to, since some brokers add suffixes.
Copy the expert advisor file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto a chart and allow automated trading. Load the set file from the Inputs tab if one is included.
Yes, it opens additional orders when price does not move as expected. Grid methods can build large open exposure in a strong one-way move, so check lot sizing, the number of grid levels and your account size before running it live.
No minimum deposit is given here, so check the input descriptions and test on a demo account. Choose a broker with low gold spreads and stable execution, because both affect a short-term grid system.
No. Trading carries risk and past results do not predict future ones. Run it in the Strategy Tester and on a demo account first, and only then decide whether to use it on a live account.
Parabolic Arrow EA robot
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