forex traders can use the atr trailing stop indicator for mt4 to understand the trend, volatility and to identify entry and exit points. Average true range -based trailing stops are the best stop loss, so they are used in many auto trading or ea-based trading software as a stop loss calculator.
atr trailing stop gg mt4 time your entry and exits with average true range (atr) trailing stops atr trailing stops are primarily used to protect capital and lock in profits on - english download the atr trailing stop gg mt4 technical indicator for metatrader 4 in metatrader market.
I just installed your atr-trailing-stop indicator on my mt4 charts. Great indicator! Only the distance from the candle tail to the indicator line doesnt match the default multiple of 3 x atr. Please explain to me how the distance from the candle tail is calculated.
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How to use the average true range trailing stop mt4 indicator. When you attach the indicator on your chart, it draws blue dots almost like the dots of parabolic sar. If the market is in an uptrend, the blue dots will appear on the bottom of price. If the market is in a downtrend, the blue dots will appear and form above the price.
afterwards, return to the metaquotes terminal which opened for the first time when you opened the open data folder menu open mql4, then select the indicators folder copy and paste the nrtratrstop. Mq4 file in the close metaquotes terminal folder and the metatrader 4 application reopen metatrader 4 please observe the navigator window located under market watch.
i have a atr trailing stop manager that is currently being uploaded to the mql4 market. Trailing stop style- set stop loss on previous atr ( stop will trail by jumping to the next previous atr) or trail stop loss along with previous atr level.