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Stop Loss Metatrader 4 Forex Indicator

    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

    Example Chart

    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

    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

    Installation

    Copy and paste the sl-to-bar-indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)