XATR Stop Level
Info
The XATR Stop Level is a Indicator for MetaTrader 5 that the indicator provides a stop-loss value for open positions based on market volatility. By utilizing the average trading range (Average True Range) over a specified period and multiplying it by a constant factor, the indicator calculates an appropriate stop-loss level.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use XATR Stop Level
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The indicator provides a stop-loss value for open positions based on market volatility.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: BrainTrend2Stop: Trend Reversal Detection Indicator - another powerful indicator for MetaTrader 5 traders.
The indicator provides a stop-loss value for open positions based on market volatility.Also recommended: BrainTrend1Stop Indicator - similar indicator with strong performance on MetaTrader 5.
By utilizing the average trading range (Average True Range) over a specified period and multiplying it by a constant factor, the indicator calculates an appropriate stop-loss level. This method ensures that the stop-loss adapts to market conditions, increasing the distance from the entry point during high volatility and decreasing it during low volatility.
This adaptive approach to stop-loss management is an effective risk management strategy, allowing traders to dynamically adjust their risk exposure based on market conditions.
Originally implemented in MQL4 and published in 2026, the indicator employs the smoothalgorithms.mqh library classes (to be placed in terminal_data_folder\mql5\include). The use of these classes is explained in detail in the accompanying article.
Additionally, the indicator utilizes a library class (also to be placed in terminal_data_folder\mql5\include).
Fig.1 XATR Stop Level Indicator
You may also like: Price Channel Stop Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
* for the indicator to work, place the
* smoothalgorithms.mqh
* in the directory: metatrader\\mql5\include
*/
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#include <getfontname.mqh>.......
⚠ 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.