Best settings & timeframes — ATR Stop Tool
| Input | Default |
|---|---|
| ATR period | 14 |
| Multiplier | 2.0 |
Timeframes: Any; match the multiplier to the timeframe (lower TF → smaller mult)
When it works best: Volatility-based stops: place initial stop at entry ∓ ATR×mult so normal noise doesn't tag you.
Download & install — ATR Stop Tool
⬇️ Download pipatlas-atr-stop.mq5 (MIT)
Same as any MT5 indicator: Data Folder → MQL5/Indicators → copy → refresh → attach. Displays suggested stop distances on the chart.
Demo first. Attach to a demo chart and watch a full session before any live use. Original PipAtlas code, MIT-licensed, no hidden calls.
Backtest summary — ATR Stop Tool
Compare your current stop method vs ATR stops over 50+ demo trades: measure margin-call / stop-out rate before expectancy changes.
Common failure points — ATR Stop Tool
- Fixed multipliers ignore regime changes - ATR expands in news and the stop distance balloons
- Very small accounts can't always afford the width ATR suggests - cut size, not the stop
- Don't move the stop closer because the width 'feels too big'
Frequently asked questions — ATR Stop Tool
Setting up alerts instead? See the RSI alerts setup for MT5.