Trailing Stop Indicator

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ATR Trailing Stop Indicator

Best ATR Multiplier Trailing stop loss indicator for MT4. Best Stop loss calculator based on volatility using Average True Range.

Successful forex traders master the art of placing a stop loss at the best prices. There are many calculators for stop loss. The ATR Trailing Stop Indicator for MT4 is the best indicator that uses the Average True Range to calculate the volatility and provides the forex traders with the best possible trailing stop loss.

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.

How To Use ATR Trailing Stop Metatrader 4 Indicator

The above GBPJPY H1 chart shows the ATR Trailing stop Indicator in action. The indicator displays the trailing stop levels above the current price in RED color for SELL positions. On the other hand, the indicator places the stop levels below the price in BLUE color for BUY positions.

Many traders use the Average True Range to identify the trend and follow the trend until the opposite trend emerges. For example, the trader in a BUY position will continue to hold the position until the Average True Range Trailing Stop Loss MT4 indicator changes to RED color. In this case, the forex trader will be able to ride the trend until the end.