ATR Trailing Stop is a utility for MetaTrader 4 that automatically manages the stop loss of your trades using the ATR indicator. Instead of a fixed distance, it adjusts the stop based on the real market volatility, protecting profits without cutting trades too early. It is a tool that many traders use every day on their own manual or automated strategies.
How it works
The utility calculates the ATR value and places a stop loss at a distance proportional to volatility. As price moves in your favor, the stop moves to lock in profit. You can define an activation threshold so that trailing begins only when the trade already has a certain profit.
Main features
- ATR period and multiplier to calibrate the stop distance.
- Activation threshold in ATR multiples or in fixed points.
- Filtering by magic number and comment to manage only specific orders.
- Notifications by mobile, email and screen, plus visual lines on the chart.
Recommended requirements
- MetaTrader 4. It works on already open trades, manual or from other robots.
File contents: package ready to install in MetaTrader 4. Test it on DEMO to adjust the period and the multiplier to your style.
View the original utility documentation on EarnForex (Apache-2.0 license)
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