Smart Chandelier Exit EA MT4
- Uzmanlar
- Sürüm: 1.1
- Etkinleştirmeler: 20
Smart Chandelier Exit EA for MetaTrader 4
Smart Chandelier Exit EA is an institutional-grade trend-following Expert Advisor built specifically for MetaTrader 4. It executes trades based on verified trend flips of the Smart Chandelier Exit volatility engine, aligned with higher timeframe structural momentum.
Core Engineering Principles
1. Native Execution Engine: The EA embeds the complete Chandelier mathematical formula natively. It does not require any external indicator files to execute trades, backtest, or optimize.
2. Anti-Whipsaw Fake Flip Filter: To eliminate false breakouts during market consolidation, the engine mandates that a trend flip must hold intact for 5 consecutive bars before an entry signal is generated.
3. Higher Timeframe Alignment: The default configuration evaluates the closed H4 candle to confirm macro trend direction before permitting H1 trades.
4. Anti-Extension Pullback Filter: Entering late at the peak of a breakout often incurs unnecessary drawdown. The EA enforces a maximum distance rule (2.5 ATR) and monitors price for an orderly pullback before entry.
5. Zero-Loosening Trailing Stop: Initial stops are placed on the broker server behind the chandelier line. On each bar close, the stop ratchets closer to protect accumulated profit and is mathematically prevented from ever loosening.
6. Prop-Firm Capital Preservation: Integrated daily loss caps and maximum equity drawdown circuit-breakers automatically halt trading if predefined risk thresholds are reached.
Recommended Configurations
Primary Asset: XAUUSD (Gold)
Primary Timeframe: H1
Filter Timeframe: H4
Risk per Trade: 0.5% to 1.0%
Setup Instructions
1. Open your MT4 terminal and attach the EA to a XAUUSD H1 chart.
2. Enable Allow live trading in the Common tab.
3. Set InpIUnderstandRisks to true under the Legal and Execution Consent section.
4. Choose your preferred risk mode (Risk percent or Fixed lot) and enjoy automated, disciplined execution.
