The Stop Loss MT4 forex indicator draws two stop-loss lines on the Metatrader 4 chart, one red and one blue line.
When trading a buy trade position, place a stop loss 1-3 pips below the blue stop loss line.
When trading a sell trade position, place a stop loss 1-3 pips above the red stop loss line.
Trail your stop loss up (for long trades) or down (for short trades) according to the position of stop loss line.
Free Download
Download the “sl-to-bar-indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the Stop Loss forex indicator in action.
Basic Trading Signals
No signals from this indicator.
Use together with a real forex system to generate reliable buy and sell trading signals.
Download Now
Download the “sl-to-bar-indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Bar, minSL, show_bar, show_info) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Stop Loss Placement
