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Re: MT4 Trading Utilities, Chart Tools & Add-ons

Darks, Wed Oct 28, 2020 2:51 am

This indicator is a very helpful tool for traders who use volatility based stop loss, take profit & position sizing as it uses Average true range which is a direct reflection of the market volatility. Although it is already available in MQL5 community for download but original version lot calculations are a bit doubtful for some pairs specially in non-forex instruments. So did some research and made some code modifications. This version is what I believe does correct calculations. But still if any experienced trader who has been doing volatility based lot sizing can give feedback and that would very helpful for confirmation or modification of this version.
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