2PSAR EA V1.07 MT4: The Ultimate Forex Trading Robot for Enhanced Profits

By: Aditi

Published on: Apr 01, 2025

The Forex market is a dynamic arena where speed, precision, and strategy determine success. For traders seeking to automate their strategies, 2PSAR EA V1.07 MT4 stands out as a cutting-edge Expert Advisor (EA) designed for MetaTrader 4. This powerful tool leverages the Parabolic SAR (Stop and Reverse) indicator to execute trades with remarkable accuracy. In this guide, we’ll explore how this EA works, its key features, and why it’s a game-changer for both novice and seasoned traders.

What is the 2PSAR EA V1.07 MT4?

The 2PSAR EA V1.07 MT4 is an automated trading system built for the MetaTrader 4 platform. It uses the Parabolic SAR indicator—a popular tool for identifying trend reversals—to generate buy/sell signals. By automating entry and exit points, this EA eliminates emotional decision-making and ensures disciplined trading.

Whether you’re new to Forex or a veteran, this EA simplifies trading by:

Analyzing market trends in real time.

Executing trades based on predefined parameters.

Managing risk through stop-loss and take-profit levels.

Key Features of the 2PSAR EA V1.07 MT4

1. Advanced Parabolic SAR Strategy

The EA’s core strength lies in its use of the Parabolic SAR indicator, which plots dots above or below price candles to signal bullish or bearish trends. When dots flip position, the EA triggers trades to capitalize on potential reversals.

2. Fully Automated Trading

Once configured, the EA operates 24/5, scanning multiple currency pairs and timeframes without manual intervention.

3. Customizable Risk Management

Adjust settings like lot size, stop-loss, and take-profit to align with your risk tolerance and trading goals.

4. Compatibility with MetaTrader 4

Seamlessly integrates with MT4, the world’s most popular trading platform, ensuring broad accessibility.

5. User-Friendly Setup

Even beginners can install and optimize the EA in minutes using the step-by-step guide provided.

Why Choose the 2PSAR EA V1.07 MT4?

Proven Performance in Volatile Markets

The Parabolic SAR strategy excels in trending markets, making this EA ideal for capturing prolonged price movements. Backtests and live results show consistent profitability across major pairs like EUR/USD and GBP/USD.

Time Efficiency

Automation frees you from screen time, allowing you to focus on strategy refinement or other ventures.

Risk Mitigation

Built-in safeguards like trailing stops and equity protection minimize losses during unexpected market shifts.

How to Install and Use the 2PSAR EA V1.07 MT4

Step 1: Download the EA

Purchase and download the EA file from a trusted provider. Ensure it’s in .ex4 or .mq4 format.

Step 2: Install on MetaTrader 4

Open MT4 and navigate to File > Open Data Folder.

Copy the EA file into the MQL4/Experts folder.

Restart MT4 and drag the EA onto your preferred chart.

Step 3: Configure Settings

Optimize parameters such as:

Risk per Trade: Start with 1-2% of your account balance.

Timeframe: Works best on H1 or H4 charts.

Currency Pairs: Focus on major pairs with high liquidity.

Step 4: Monitor and Optimize

Review performance weekly and tweak settings as market conditions evolve.

Tips for Maximizing Profits with 2PSAR EA V1.07

Pair Selection: Stick to volatile pairs like GBP/JPY or EUR/USD for optimal results.

Avoid Range-Bound Markets: The Parabolic SAR performs poorly in sideways markets—use additional indicators like RSI to confirm trends.

Start Small: Test the EA on a demo account before deploying real funds.

Update Regularly: Ensure you’re using the latest version (V1.07) for bug fixes and enhancements.

Frequently Asked Questions (FAQs)

Q1: Is the 2PSAR EA V1.07 MT4 suitable for beginners?

Yes! Its automated nature and easy setup make it ideal for traders of all levels.

Q2: What’s the minimum deposit required?

A $100 -$ 500 account is recommended to accommodate risk management settings.

Q3: Can I use this EA on multiple accounts?

Check your license agreement—most providers allow installation on up to 5 devices.

Q4: Does it work with MetaTrader 5?

No, this version is optimized for MT4. Look for MT5-compatible variants if needed.

Conclusion: Elevate Your Trading Game with 2PSAR EA V1.07

The 2PSAR EA V1.07 MT4 is a robust tool for traders aiming to automate their strategies and capitalize on Forex trends. By combining the precision of the Parabolic SAR indicator with customizable risk management, this EA offers a reliable path to consistent profits.