The ATR Trailing Stop indicator for Metatrader 5 is a versatile technical tool that can be used for both stop loss placement and trade entry signals.
The ATR Trailing Stop indicator is solely based on Average True Range and is also called a stop and reverse indicator.
The indicator uses two colors to determine the buying and selling state:
- The green colored line creates a buy signal.
- Place stop loss below it.
- The red colored line creates a sell signal.
- Place stop loss above it.
- Reverse the position when the colored line changes its color.
Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
The ATR Trailing Stop indicator works for all possible time frames and trading instruments supported by the MT5 trading platform.
Configurable parameters and input settings: period, coefficient, style, colors.
Free Download
Mod_ATR_Trailing_Stop.mq5 Indicator (MT5)
Chart Example
The following chart shows what the ATR Trailing Stop Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The ATR Trailing Stop Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal arises when the green colored ATR Trailing Stop line gets displayed on the chart.
- Execute a buy trade and place your stop below the green colored ATR Trailing Stop line.
- Exit the buy trade as soon as the red colored ATR Trailing Stop appears on the chart.
Sell Signal
- A sell signal arises when the red colored ATR Trailing Stop line gets displayed on the chart.
- Execute a sell trade and place your stop above the red colored ATR Trailing Stop line.
- Exit the sell trade as soon as the green colored ATR Trailing Stop appears on the chart.
