MT4 ATR Trailing Stop

Trailing Stop is a very popular practice in the Trading Environment. With the MT4 ATR Trailing Stop you can have your orders Stop Loss keeping a distance equal to the ATR Indicator Value.

 

What Is The MT4 ATR Trailing Stop EA

MT4 ATR Trailing Stop EA is an expert advisor that can manage your orders Stop Loss.

In particular, this Expert Advisor can use the Average True Range Line to set the stop loss for your orders.

The Average True Range is a popular indicator in the trading environment, ideally used measure the volatility of an instrument.

Other than for entry and exit signals, the ATR Indicator is an ideal value for a Stop Loss as well.

Trailing the Stop Loss to the ATR can be a good strategy in several situations.

 

MT4-ATR-Trailing-Stop-EA-1

 

 

Why Is The MT4 ATR Trailing Stop EA Useful

Risk Management is one of the most important aspect in trading.

Having a Stop Loss will protect you from margin calls and big losses.

In many cases it is useful to have a trailing stop, which is a “moving stop”.

A Trailing Stop is a Stop Loss where the value is updated when the price move in the favor of the trade.

There are many types of Trailing Stop, it can be a fixed step change or follow some indicator.

In the case of MT4 ATR Trailing Stop Expert Advisor the Stop Loss follows the Moving Average values.

There are several advantages of using MT4 ATR Trailing Stop EA:

  1. Filtering options to select which trades are managed
  2. A Stop Loss is set automatically if there is none
  3. The Stop Loss follows the price when moving in the favor of the trade
  4. It doesn’t require human interaction
  5. Limit Losses
  6. Secure Profits
  7. Avoid Margin Calls
  8. Notifications when the Stop Loss is updated

 

How To Download And Use Trailing Stop EA

You can Download the Expert Advisor with the link at the bottom of this page and install it following the below instructions.

The installation is very easy to perform, same is the use.

Once you run the Expert Advisor you can set the necessary parameters.

Make sure you enable the Live Trading in the MT4 Options or the EA will not be able to trade.

 

MT4-Allow-Live-Trading-4109-2

 

MT4 ATR Trailing Stop EA Installation

To install the EA please follow the instructions below:

  1. Download the EA file
  2. Open the Metatrader Data Folder (In File > Open Data Folder)
  3. Open the MQL4 Folder
  4. Copy the file in the Experts
  5. Restart Metatrader

For more detailed instruction on how to perform the installation please visit this article.

 

Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.

 

 

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  • Very useful

    im looking for
    thanks Luca

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