Basic ATR Expert Adviser (MT4)
ATR-based stop loss & take profit template | Free | kenpar
About Basic ATR Expert Adviser
Published by kenpar on the MQL5 Code Base, this free Expert Adviser template demonstrates the use of Average True Range (ATR) for setting dynamic stop-loss and take-profit levels. ATR automatically adjusts SL/TP to current market volatility — wider stops in volatile conditions, tighter stops in calm markets. Intended as a foundation for further development.
- Developer: kenpar
- Platform: MetaTrader 4
- Price: Free (MQL5 Code Base)
- Strategy: ATR-based dynamic stop-loss and take-profit
- Use case: Template / education / further development
- Source: mql5.com/en/code/28262
Key Features
✓ Completely free — open source on MQL5 Code Base
✓ ATR-based SL/TP automatically adapts to volatility
✓ Ready-made template — easy to extend with your own entry logic
⚠ Template EA — no built-in entry strategy included
⚠ Requires MQL4 knowledge to customise for production use