Basic ATR based take and stop expert adviser – expert for MetaTrader 4
With this template i’m demonstrating the use of Average True Range based take profit and stop loss levels. Take profit and stop loss levels are
calculated using ATR factor multipliers.
It’s not recommended to use this template for trading purpose as is because there are no entry rules at all – this is only a demonstration of how it
works. But if you take a moment and think….you can use pieces of my other source codes and put something together of your own and there are a
few to choose from.
For example you have my other source codes to chose from;
- Trailing stop expert adviser template – https://www.mql5.com/en/code/26802
- MA based expert adviser template – https://www.mql5.com/en/code/27964
- Grid based expert adviser template – https://www.mql5.com/en/code/26718
- RSi based expert adviser template – https://www.mql5.com/en/code/26750