The ATR Stop indicator is a popular and useful tool for Forex trading. It is available for free on MetaTrader 4 (MT4) and is used to help traders determine the optimal stop-loss level for their trades. The indicator works by measuring the Average True Range (ATR) of a currency pair over a given period of time. The ATR Stop indicator then plots the stop-loss level based on the ATR value. The ATR Stop indicator is easy to use and requires no additional setup. To use the indicator, simply select the currency pair, the time frame, and the ATR period. The indicator will then calculate the ATR value and plot the stop-loss level on the chart. The stop-loss level can then be used as a reference point for setting the stop-loss order. it a great choice for traders who are just getting started with Forex trading. The ATR Stop indicator can help traders make better trading decisions and maximize their profits.

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