This Metatrader indicator is for calculating optimal stop loss and take profits. It predicts the chance of a trade ending in profit or loss. This tool provides a complete system to support your forex atr stop loss indicator mt4 decisions. An easy tool that gives you the edge of the professional trader.
The tool can analyze the market from 10-minutes ahead to any point in the future. Just set the target trade time and required win ratio, and the indicator will calculate the optimal stop loss and take profit levels taking into account the market conditions. The curves extended at the front of the chart show the probabilities of the price reaching a certain level in a certain time. The indicator is very simple to use and provides visual output directly onto the chart with which you can trade. Trade Analyzer The trade analyzer panel will examine any open trades and will calculate their exit probabilities based on the stop loss and take profit settings. This will tell you the exact probability of any open trade resulting in a profit, a loss or remaining open.
The trades are listed in order of the highest chance of closure. You can configure the indicator to monitor trades continuously and create an alert whenever any trade exceeds a certain probability of closure. The indicator can monitor any exit time-range from 10-minutes onwards. Expectancy Graph This graph displays the expectancy of both the buy and the sell side. The expectancy is displayed in pips and can be understood as the mean profit that would be achieved if the trade closed at that point in time. The expectancy chart can highlight differences between the buy and sell side and show how those modify over any time period of interest. The predicted expectancy allows you to find trades with the highest probability of profit.