NRTR ATR Stop Expert Advisor
Info
The NRTR ATR Stop Expert Advisor is a Expert Advisor for MetaTrader 5 that this trading system utilizes indicator signals for trade execution. A signal is generated at the close of a bar when a distinct colored star appears.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use NRTR ATR Stop Expert Advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This trading system utilizes indicator signals for trade execution.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: EMA Cross EA with ATR Stops for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
This trading system utilizes indicator signals for trade execution. A signal is generated at the close of a bar when a distinct colored star appears.Also recommended: Safe Risk Manager EA - Daily Loss, Break-Even, and Trailing Stop Management - similar expert with strong performance on MetaTrader 5.
The Expert Advisor requires the compiled indicator file nrtr_atr_stop.ex5 for its operation. Please ensure this file is saved in theThe tradealgorithms.mqh library file supports Expert Advisors compatible with brokers offering non-zero spreads and the ability to set stop loss and take profit orders during position opening. Additional library variants are available for download.
The default input parameters were used for the testing phase. Stop loss and take profit levels were not employed during these tests.
Figure 1 illustrates examples of trades on the chart.
Testing Results for GBPUSD H1 in 2026:
Figure 2 displays the testing results chart.
You may also like: One-Click Trade Manager: Risk-Based Lot Sizing with Integrated Entry, Stop, and Target - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.