Stop Loss Take Profit MT4 Forex Indicator

Stop Loss Take Profit MT4 Forex Indicator

Stop Loss Take Profit Indicator
Stop loss take profit indicator is designed to solve the above problem. The indicator analyzes the market and determines the trend direction. It then provides you with an ideal entry point. The indicator will provide exit points (stop loss and take profit) levels depending on the determined buying or selling price.

The indicator developer designed the indicator with all traders in mind. This means that it caters to both long-time and short-time traders. The indicator is suitable for all currency pairs and time frames.

How to Buy and Sell Using the Indicator Stop Loss Take Profit
Using the stop loss take profit indicator is pretty straightforward. You don’t have to plot lines or make calculations. Mount the indicator on the price chart. The indicator analyzes the chart and calculates the ideal entry point, SL, and TP levels. It then displays this value on the chart. The stop loss takes profit and draws lines to show where to enter and when to exit.

The indicator provides three take-profit levels. Therefore, the first take profit will appeal to you most if you are a scalper. A day trader will find the second-take profit target more suitable, while the third-take profit will suit swing traders.

The indicator tells you whether the trend is up or down. It then shows the buy or sell levels. In addition, the indicator provides:

Stop-loss level
Profit level normal
Profit level aggressive
Profit level high aggressive
The indicator also shows the risk-reward ratio. In addition, the indicator also features four lines.

Lime- shows current-day high
Orange Red – shows the previous day’s open
Dark orange – this shows the previous day’s close
Medium Blue – points to the current day low

Conclusion
The stop loss take profit is one of the best and easy-to-use indicators. You only need to look at the provided entry, point, stop loss, and take profit levels. Enter the values, and you are good to go. Remember, no indicator is foolproof. You will want to use other strategies and indicators for signal confirmation.