ATR Smart Levels
by Christian Alexander Foehl · MT5
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Summary
ATR SlTp MT5 is an MT5 indicator by Ibrahim Olalekan Ganiu with no listed price or verified performance stats. Traders considering it should weigh the lack of public metrics against their tolerance for manual configuration and ATR-based exits. Top alternatives include the paid AI EA ZenQ ($399, rating 5) and lower-cost options like Degen Rocket ($30, rating 4.5), while several highly rated indicators show no price or verified stats. Always account for broker rules, spreads, and drawdown risk. FxRobotEasy independently reviews all products and does not guarantee performance.
Retail forex traders compare ATR SlTp MT5 with alternatives to decide whether an ATR-driven stop-loss and take-profit indicator fits their trading style and risk tolerance. ATR-based SL/TP tools appeal for volatility-adjusted levels, but ATR SlTp MT5 has no public price or verified stats, which raises questions about transparency and support. Alternatives include paid expert advisors, liquidity-focused indicators, and budget tools with ratings. When evaluating, traders should consider broker execution, spread costs, possible slippage, drawdown scenarios, and whether they prefer automated EAs or indicators. FxRobotEasy independently reviews all products to help traders compare features objectively.
| Metric | ATR SlTp MT5Main Product | Breakopedia AI Our bot | ATR Smart Levels | ATR sltp | ATR Trailing Smart | ATR Range Indicator |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | N/A | $149 | N/A | $39 | $35 | N/A |
| ROI | N/A | +114.9% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 51.4% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 63.6% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.15 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 407 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
ATR SlTp MT5 is an MT5 indicator authored by Ibrahim Olalekan Ganiu that sets stop-loss and take-profit levels based on Average True Range. Strengths include a volatility-aware approach that can adapt SL/TP to changing market conditions and simple integration into MT5 charts for discretionary traders who want ATR-based references rather than a fully automated strategy. Weaknesses are substantive: price is listed as N/A and there are no verified performance stats, which means traders lack independent track records and transparency about support or updates. This indicator suits traders who prefer manual or semi-manual trading, want ATR-driven exit levels, and can tolerate additional setup and testing. Platform realities matter: broker rules, spreads, slippage, and drawdown risk will materially affect outcomes. Because FxRobotEasy independently reviews all products, consider our reviews and perform your own forward testing on a demo account before risking capital.
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ATR SlTp MT5 offers a straightforward ATR-based approach for SL and TP placement but lacks a listed price and verified performance statistics, which reduces transparency for traders seeking documented outcomes. Alternatives span automated EAs like ZenQ AI ($399, rating 5) and low-cost options like Degen Rocket ($30, rating 4.5), plus several highly rated indicators with no price disclosure. There is no one-size-fits-all pick; selection should depend on whether you want an EA or an indicator, your tolerance for drawdown, and broker execution realities. FxRobotEasy independently reviews all products and also lists verified bots as alternatives to consider alongside manual testing on demo accounts.
Whether ATR SlTp MT5 is worth buying depends on your needs. The indicator provides ATR-based stop and take-profit sizing, useful for volatility-adjusted exits. However, the product lists no price and has no verified performance statistics, so transparency is limited. Traders should demo the indicator, confirm compatibility with their broker’s spreads and execution, and avoid relying on vendor claims. FxRobotEasy independently reviews products and recommends forward testing before committing real capital.
The best alternative depends on priorities. For a fully automated option, ZenQ AI EA (rating 5, $399) is a top-rated paid EA; for budget testing, Degen Rocket ($30, rating 4.5) is low-cost. If you prefer liquidity or market-structure data, Pyro Flux Liquidity Matrix or Gold Sparrow may suit you, though prices and verified stats are not available. Always weigh broker spreads, slippage, and drawdown risk and demo-test any alternative before live use.
Broker rules and spreads materially affect indicator and EA performance. Wider spreads increase cost per trade, and broker execution or requotes can break theoretical edge. EAs may be sensitive to minimum stop distances, maximum order sizes, and allowed hedging. Account leverage and margin rules influence drawdown risk. Always test on your intended broker’s demo account, review order execution behavior, and adjust position sizing and stop placement to align with your broker’s conditions.
While evaluating ATR SlTp MT5 and its alternatives, consider Breakopedia AI, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+114.9%
Total Return
51.4%
Max Drawdown
64%
Win Rate
407
Total Trades