🔍 What is the Last High Low Stop Loss Indicator?
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📌 ZigZag-Based Calculation – This indicator uses the classic ZigZag algorithm to identify swing highs and lows for stop loss placement.
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📌 Best Stop Placement – Positions stop loss above the last swing high (for SELL) and below the last swing low (for BUY).
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📌 Dynamic Updates – Continuously recalculates stop loss levels as new price action unfolds.
✅ Key Features
✔ 📍 Accurate Stop Loss – Reduces whipsaws by placing stops at logical market structure points.
✔ 🔁 Trailing Capability – Acts as a trailing stop in trending markets.
✔ 🎯 Ideal for All Strategies – Works with trend trading, swing trading, and intraday setups.
✔ 📊 Clear Visualization – Shows dotted RED (upper stop) & BLUE (lower stop) lines on chart with price values.
✔ 🖥 Multi-Timeframe Analysis – Can be used for confluence with higher timeframe levels.
✅ Trading Setup
📌 For BUY Trades:
📌 For SELL Trades:
✅ Best Practices
✔ Use in confluence with support/resistance, trendlines, and channels.
✔ Validate on higher timeframe ZigZag levels for strong confirmation.
✅ Conclusion
The Last High Low Stop Loss Indicator is a powerful tool for automated risk management. It ensures stop loss is placed at logical market structure points, making it highly effective for both beginners and advanced traders.
✅ Free to download and easy to install on MT4.
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Always remember
my 3R Rule
: If the money
is yours then, risk
, reward
and regret
are solely yours. 
