Little Lion EA
Parabolic SAR (MT4)

Demonstration video (watch in HD)

Principle of operation

The Little Lion EA is based on Parabolic Stop and Reverse system (Parabolic SAR). A BuyOrder is generated if the price breaks above the Parabolic SAR. Vice versa. You have the possibility to use a second Parabolic SAR as a filter. Then it will only generate signals if the filter is below the price for a BuyOrder and above for a SellOrder. If the price breaks through the filter SAR a signal will be generated too.

Parameters for the Parabolic Stop and Reverse system

SAR_Settings = These are the settings for the Parabolic SAR

SAR_Step = Is the increment size of the indicator (default is 0.02)
SAR_Maximum = Is the Maximum value of the indicator (default is 0.2)

SAR_Filter = These are the settings for the Parabolic SAR filter

UseSAR_Filter = If this parameter is set to „true“ it will use the filter (default is false)
Filter_Step = Is the increment size of the filter (default is 0.002)
Filter_Maximum = Is the Maximum value of the filter (default is 0.2)

CloseOptions

CloseOnSarSingal = This will close the trade if the price crosses the SAR Signal line
CloseOnSarFiler = This will close the trade if the price crosses the SAR Filter line