Unlock Precision Trading with 2PSAR EA V1.07 MT4 – A Dual Parabolic SAR Strategy Expert Advisor - FREE DOWNLOAD

By: Aditi

Published on: Apr 24, 2025

In the world of algorithmic trading, expert advisors (EAs) are essential for traders who seek automation and precision. One such standout is the 2PSAR EA V1.07 MT4, a MetaTrader 4 expert advisor built to capitalize on dual Parabolic SAR indicators. Known for its dynamic entry and exit points, the 2PSAR EA offers a robust mechanism for traders looking to enhance their trading strategies with minimal manual intervention.

In this comprehensive guide, we explore what makes the 2PSAR EA V1.07 a powerful tool for forex traders, its features, how it works, ideal trading settings, and why it's becoming a preferred choice for both novice and seasoned traders alike.

What is 2PSAR EA V1.07 MT4?

The 2PSAR EA V1.07 is an automated trading robot developed for the MetaTrader 4 (MT4) platform. It is based on the dual application of the Parabolic SAR (Stop and Reverse) indicator, a popular technical tool used to determine market direction and potential reversal points.

Unlike traditional EAs that rely on a single instance of the indicator, the 2PSAR EA applies two separate SAR calculations – typically one for a fast setting and the other for a slower setting. This dual approach allows the EA to confirm trades with greater accuracy, minimizing false signals and improving overall trading performance.

How the 2PSAR EA Works

At its core, the 2PSAR EA uses a dual confirmation strategy:

The first Parabolic SAR (fast setting) quickly reacts to price movement and helps identify short-term opportunities.

The second Parabolic SAR (slow setting) filters these opportunities, ensuring that only the most promising setups are taken.

A buy signal is typically triggered when both SAR indicators align beneath the price, suggesting upward momentum. Conversely, a sell signal occurs when both SAR indicators position themselves above the price, indicating a potential downtrend.

This dual verification mechanism significantly reduces the risk of whipsaw trades, which are common in volatile markets.

Key Features of 2PSAR EA V1.07

Dual SAR Strategy
Leverages two SAR indicators for enhanced trade confirmation, reducing false signals and improving reliability.

Fully Automated Trading
Executes trades automatically based on the strategy, minimizing the need for manual intervention.

Customizable Inputs
Allows traders to adjust SAR settings, lot sizes, slippage, take profit (TP), stop loss (SL), and more to suit their trading preferences.

News Filter (Optional)
Helps avoid trading during major news events that may cause erratic market behavior.

Trailing Stop Functionality
Enables trades to lock in profits dynamically as the market moves in the trader’s favor.

Risk Management Tools
Built-in risk controls help manage exposure per trade, offering options for fixed or percentage-based lot sizes.

Supports All Major Currency Pairs
Versatile performance across USD, EUR, GBP, JPY, and more, ensuring flexibility across market conditions.

Recommended Timeframes and Pairs

Recommended Timeframe: M15, M30, H1

Best Pairs: EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD

While the EA can be adapted for many pairs, it performs best on high-liquidity, low-spread forex pairs. It's advised to test new pairs in demo mode before live deployment.

Minimum Deposit Requirements

The minimum recommended deposit to run 2PSAR EA V1.07 MT4 effectively varies based on risk tolerance and account leverage:

Standard Accounts: $1000+

Cent Accounts: $100+

Using a lower deposit with higher leverage can work, but traders must understand the risks involved with margin trading.

Installation and Setup Guide

Download the EA file and place it in the “Experts” folder of your MetaTrader 4 directory.

Restart the MT4 platform.

Drag the 2PSAR EA onto your desired chart.

Enable AutoTrading.

Adjust input settings as required, including SAR parameters, lot size, TP, SL, and trailing stop settings.

Monitor performance on a demo account before transitioning to a live account.

Advantages of Using 2PSAR EA V1.07

Enhanced Accuracy: Dual SAR confirms trends better than single indicator strategies.

Time-Saving: No need to manually analyze charts or execute trades.

Scalability: Works across multiple currency pairs and timeframes.

Emotion-Free Trading: Eliminates psychological pressure and impulsive decisions.

Backtestable Strategy: Allows traders to test historical performance before using real funds.

Potential Limitations

Despite its strengths, the 2PSAR EA is not without its limitations:

Trend Dependency: It performs best in trending markets and may suffer during sideways or ranging conditions.

Needs Optimization: Traders may need to optimize parameters for different pairs and timeframes.

Risk of Overfitting: Excessive customization can make it too tailored to past data, reducing future performance consistency.

Best Practices for Using 2PSAR EA

Always test on demo accounts before live use.

Combine with economic calendars to avoid high-volatility events.

Consider using VPS hosting to keep the EA running 24/7 without interruptions.

Monitor trade logs regularly for performance evaluation.

Update the EA as new versions or improvements become available.

Is 2PSAR EA V1.07 Suitable for You?

Whether you’re a beginner looking for an entry into automated trading or an experienced trader seeking a reliable trend-following strategy, the 2PSAR EA offers a solid balance between simplicity and performance.

The dual Parabolic SAR logic ensures you’re entering trades with greater confidence, and its automation allows you to focus on strategic decisions while the robot manages execution.

Conclusion

The 2PSAR EA V1.07 MT4 is a high-utility expert advisor that leverages a proven technical strategy in a sophisticated, dual-layered manner. With adjustable parameters, full automation, and effective trend analysis, this EA is a valuable asset for anyone seeking a strategic edge in forex trading.

As with all trading tools, success depends on how well it’s used. Combine the EA with proper risk management and regular monitoring to get the most out of its capabilities.

⚡️Upgrade:
Stay tuned for future versions of the 2PSAR EA, which may include multi-timeframe support, integrated news filters, and AI-enhanced signal optimization. Regular updates ensure enhanced performance, security, and compatibility with the latest MT4 builds.