SL_ATR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Vladimir Hristov
This indicator creates areas of preferred stop loss positions for both long and short positions at any time. This is useful for trailing stop operations.
Cloud boundaries consist of the stop-loss high and low values for buy and sell positions.
Attachment download
📎 sl_atr.mq5 (6.4 KB)
Source: MQL5 #706
SL_ATR - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SL_ATR - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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