Summary of 🚀 ATR Trailing Stop (TSL) Indicator MT4/5 Download - Free - [TradingFinder]

The video presents the ATR Trailing Stop (TSL) Indicator available for free download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. The indicator is designed to help traders secure profits by dynamically adjusting stop-loss levels based on the Average True Range (ATR) calculation.

Main Financial Strategy:

• Using ATR-based trailing stops to protect gains and minimize losses by moving stop-loss levels in line with price volatility.

Key Features and Usage:

• The indicator plots stop-loss levels directly on the chart.
• Downward trends and corresponding stop-loss levels are shown in purple.
• Upward trends and stop-loss levels are shown in green.
• Candle colors change automatically to indicate profitable (bright green) and losing (bright red) candles.

Customization Options:

• Adjust ATR settings (default period is 10).
• Modify ATR ratio and multiplier (default multiplier is 4).
• Choose from four visual themes/templates: Auto, Light, Dark, and Custom.
  • Auto changes candle colors to reflect profit/loss.
  • Light and Dark themes change the overall chart appearance.
  • Custom keeps the user’s personalized template.

Step-by-Step Guide to Installation and Setup:

• Download the indicator file from the TradingFinder website.
• Open MetaTrader 4 or 5 and drag the indicator file onto the chart from the Navigator section.
• Enable "Allow DLL Imports" in the settings before confirming.
• Check the relevant box in the full "Hello Dealer OP" section and confirm.
• Adjust settings such as ATR period, multiplier, and theme according to preference.
• The indicator will then plot stop-loss levels and trend directions on the chart.

Business Trend:

• The video highlights the increasing use of volatility-based Trailing Stop tools in trading to improve risk management and automate stop-loss adjustments.

Presenter/Source:

TradingFinder website tutorial (no individual presenter named).

Notable Quotes

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Category

Business and Finance

Video