The indicator gives Stop Loss value for open position on the basis of the XATR indicator.
Thanks to the information about the current market volatility we can develop the adaptive Stop Loss.
MT5 Indicator – Download Instructions
XATRStopLevel is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
XATRStopLevel provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install XATRStopLevel.mq5?
- Download XATRStopLevel.mq5
- Copy XATRStopLevel.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on XATRStopLevel.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator XATRStopLevel.mq5 is available on your Chart
How to remove XATRStopLevel.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: