Metatrader Stop Loss Take Profit Indicator - MT4 Indicators https://forexop.

com/products/mt4indicators/6380/
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/products/) Metatrader Indicators (https://forexop.com/product-category
/products/mtindicators/) Metatrader Stop Loss Take Pro!t Indicator
Metatrader Stop Stop loss/take pro1t
Loss Take Pro1t advisor
Indicator  Reduce number of losing trades
 Predicts buy/sell profit
$129.50
 Real-time trade analyzer
1  Easy visual output
(https://forexop.com/assets  Any market: FX, Commodities,
/uploads/2015/11/sltp.png) CFD...
Add to Cart
 Any time range
 MT4 & MT5 compatible
Current version: 4.32
Last updated on November 22nd, 2018
User guide (/products
This tool provides a complete system to support your trading /mt4indicators/6380/faq/)
decisions. It uses a time-based model (read more
(https://forexop.com/strategy/stop-loss-profit-placements- Resources
max-returns/)) to tell you the exact probability of the price
Martingale ebook
reaching a certain level in a certain time. The tool will:
General

Calculate optimal stop loss/take profits ebooks

Predict the expected profit from a buy or sell

Predict the outcome of any stop loss/take profit you enter (https://forexop.com/products
/ebooks/11706/)
Show price-confidence regions for any market
Grid trading guide
Monitor your trades and tell you the probability of a loss or
General
profit
ebooks

 An easy tool that gives you the edge of the  (https://forexop.com/products

professional trader. /ebooks/6982/)
Stop loss/take pro1t …
Risk Control

Indicator

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(https://forexop.com/products
/mt4indicators/6380/)
Indicator Combo Pac…
Price Action

Indicator

(https://forexop.com/products
/bundles/6637/)
Learn Scalping

(https://forexop.com/assets/uploads/2017/03 General

/stlp_example_outputs.png) ebooks
Figure 1: SL/TP indicator showing probability vs time curves © forexop
(https://forexop.com/products
(https://forexop.com/products/mt4indicators/6380/#stlp_example_outputs.png)
/ebooks/8137/)

The tool can analyze the market from 10-minutes ahead to any
point in the future. Just set the target trade time and required
win ratio, and the indicator will calculate the optimal stop loss
and take profit levels taking into account the market
conditions. The curves extended at the front of the chart show
the probabilities of the price reaching a certain level in a
certain time.

From this you can see the exact range the price is likely to
reach over time – and use this in planning the trade.

The indicator is very simple to use and provides visual output

directly onto the chart with which you can trade.

Trade Analyzer
The trade analyzer panel will examine any open trades and
will calculate their exit probabilities based on the stop loss
and take profit settings. This will tell you the exact probability
of any open trade resulting in a profit, a loss or remaining
open. The trades are listed in order of the highest chance of
closure.

(https://forexop.com/assets/uploads/2017/12
/sltp_trade_analyzer.png)
Figure 2: Trade analyzer panel © forexop (https://forexop.com/products
/mt4indicators/6380/#sltp_trade_analyzer.png)

You can configure the indicator to monitor trades continuously

and create an alert whenever any trade exceeds a certain
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Metatrader Stop Loss Take Profit Indicator - MT4 Indicators https://forexop.com/products/mt4indicators/6380/
probability of closure. The indicator can monitor any exit
time-range from 10-minutes onwards.

Expectancy Graph
This graph displays the expectancy of both the buy and the sell
side. The expectancy is displayed in pips and can be
understood as the mean profit that would be achieved if the
trade closed at that point in time.

(https://forexop.com/assets/uploads/2018/01
/sltp_expectancy_v_time.png)
Figure 3: Buy/sell expectancy vs time © forexop (https://forexop.com/products
/mt4indicators/6380/#sltp_expectancy_v_time.png)

The expectancy chart can highlight differences between the

buy and sell side and show how those modify over any time
period of interest. The predicted expectancy allows you to find
trades with the highest probability of profit.

Trade Outcome Graph

The trade outcome chart plots the predicted outcome of any
trade according to it’s stop loss, take profits, and the market
condition. It shows the probabilities of the trade closing in
profit, closing in loss, or remaining open against a time axis.

(https://forexop.com/assets/uploads/2017/12
/sltp_trade_outcome_chart.png)
Figure 4: Trade outcome probability vs time © forexop (https://forexop.com
/products/mt4indicators/6380/#sltp_trade_outcome_chart.png)

This chart is highly useful since it shows the convergence rate

for stop loss and take profit probabilities as time progresses.
This allows you to visually see the trade risk.

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(https://forexop.com/assets/uploads/2017/12
/sltp_trade_prob_convergence.png)
Figure 4: Profit/loss probability convergence over time © forexop
(https://forexop.com/products/mt4indicators
/6380/#sltp_trade_prob_convergence.png)

Indicator Modes: Calculate or Analyze

By default, the indicator will calculate the optimized stop loss
and take profit for a given trade time, and required win/lose
ratio. If you provide a stop loss and take profit as input, the
indicator will work in “analyze mode” and will display the
predicted outcome for a trade based on the values you have
provided.

(https://forexop.com/assets/uploads/2017/12
/sltp_trade_anayze_mode.png)
Figure 5: Analyze sell-side inputs mode © forexop (https://forexop.com
/products/mt4indicators/6380/#sltp_trade_anayze_mode.png)

The box above shows the indicator in “analyze mode”.

You can use this to investigate the likely outcome of open

trades as well the outcome of a potential trade with any
combination of stop loss and take profit settings.

Con1dence Envelopes
At the front of the chart, the indicator will show the confidence
lines that statistically predict the limits that the price could
reach at times in the future, given the trend and volatility. See
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Figure 6. By default the indicator shows the 99%, 95%, 80%
and the 50% confidence regions. These can be changed to
different values in the setup panel.

(https://forexop.com/assets/uploads/2017/12
/SLTP_example_EURUSD_D1.png)
Figure 6: Price vs time confidence envelopes © forexop (https://forexop.com
/products/mt4indicators/6380/#SLTP_example_EURUSD_D1.png)

The maximal curves show the probability of the price reaching

a certain level, within a certain time. You can set these to any
percentage between zero and one. For example, the price has a
1% probability of touching the 1% curve. It has a 50%
probability of touching the 50% curve. And so on. The regions
expand with time.

Using these curves you can easily find the probability of the
price reaching any level within a certain time.

Taking the example in Figure 6:

Current price EUR/USD = 1.1857

There’s a 1% probability of the price moving above 1.2691
within 10 days
There’s a 20% probability of the price moving above 1.2204
within 5 days
There’s a 50% probability of the price moving below 1.1691
within 2 days

This example is for the daily chart, but the same applies to
lower or higher time frames.

Inputs
The indicator is fully configurable allowing you to set:

Trade time – from 10 minutes to any point in the future

Target win/loss ratio
Alerting modes and thresholds
Curve limits
Panels – trade analyzer, outcome chart
All colors

Trade time: The target trade time is defined in days or fractions

of days.

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Win/loss ratios: Set the target win/loss rates. The indicator will
find the nearest possible stop loss/take profit to try to achieve
the target. Keep in mind that generally a higher win rate will
require a wider stop loss and smaller take profit. A smaller win
rate will allow a greater profit with a smaller stop loss.

Alerting: The indicator can generate alerts whenever any of

your open trades are approaching their stop loss or take profits.
You can set the alert period and the probability for loss/profit
at which to trigger the alert.

Market: There are three options to choose from. The random

model makes no prior assumptions about market direction. The
trending model assumes a drift based on the current market
trend and volatility. For example, when buying in an upward
trend the drift would cause the stops to be calculated higher
than with the “random model”. When buying in a downward
trend the stops would be calculated lower.

The reverse-trending model assumes the current trend is about

to reverse and as such reverses the model drift parameter. It
therefore does the opposite of the above. In a rising market,
buy stops will be placed lower due to the assumption that the
trend is likely to reverse.

Trade side: Choose which outputs are to be displayed on the

chart. Choosing “buy side” will display the buy side outputs.
Choosing “sell side” will do the opposite.

Curve probabilities: Choose which curves to display on the

chart. Up to four maximal curves can be shown on the chart at
once. The curves extend forwards in time. To display the
curves, make sure the Metatrader setting “shift end of chart
from right border” is on.

Indicator Usage
The outputs from the indicator are based on statistical
calculations of the probability of certain price movements over
a given time period.

 Buy SLTP Indicator (?add-

to-cart=6380)

For a further technical explanation please see the user guide

(https://forexop.com/products/mt4indicators/6380/faq/).

Disclaimer: This is not investment advice. Forex, options, futures and CFDs are complex instruments and come with a
6 of 7 high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and 5/9/19 4:43 PM
Metatrader Stop Loss Take Profit Indicator - MT4 Indicators https://forexop.com/products/mt4indicators/6380/
whether you can afford to take the high risk of losing your money.

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