Chronos Algo MT4 V1.5 unlimited

Chronos Algo MT4 Introduction

Chronos Algo MT4 combines a sophisticated multi-indicator entry system with a controlled grid strategy, delivering verified live performance over 3+ years on MyFxBook. This automated EA has achieved consistent 2.97% monthly gains while maintaining professional risk management through dynamic lot sizing and trade limits.

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About the Chronos Algo MT4’s Author

Chronos Algo MT4 v1.5 is developed by Phinnustda Warrarungruengskul, a seasoned algorithmic trading specialist with over 8 years of experience on the MQL5 platform. His expertise in creating robust automated trading systems is reflected in this EA’s multi-year track record and sophisticated risk management features.

Key Findings

Core Strategy Overview:
• Multi-Indicator Confluence System: Combines Heiken Ashi, MACD, RSI, CCI, and ADX indicators to identify high-probability trend reversal entry points before executing trades
• Dynamic Grid Management: Employs an adaptive grid system that opens additional positions at predetermined intervals to average entry prices, with strict MaxTrades limits (set to 8) preventing runaway scenarios
• Intelligent Lot Sizing: Features both FixLot and AutoLot modes, with AutoLot automatically scaling position sizes based on account equity to maintain consistent risk exposure

Key Benefits:
• Capital Protection Features: Hard-coded maximum trade limits and adaptive money management prevent account over-exposure during adverse market conditions
• Verified Long-Term Performance: 3+ years of live MyFxBook tracking demonstrates real-world viability beyond theoretical backtests
• Professional Risk Controls: Integrated slippage management and broker compatibility checks ensure optimal execution quality

Performance Data:
• Live Results: 164.39% total gain with 2.97% average monthly growth over verified MyFxBook period, but with 17.45% maximum drawdown requiring adequate capitalization
• Backtest Performance: 76.81% win rate and 2.15 profit factor across 1,837 trades (2013-2024), though maximum drawdown reached 31.09% during challenging market periods
• Risk Consideration: While profitable long-term, the grid strategy can experience significant drawdowns during strong trending markets, requiring patient capital and proper risk management

Chronos Algo MT4 Recommended Setup

Platform & Pairs:
• Trading Platform: MetaTrader 4 (MT4) exclusively
• Pairs: EURUSD H1 timeframe only – optimized specifically for this major pair’s characteristics
• Supported Accounts: ECN or Raw Spread accounts recommended to minimize grid trading costs

Risk Parameters:
• Timeframe: H1 (1-hour) charts for optimal signal generation
• Leverage: 1:500 maximum recommended – higher leverage amplifies both potential profits and potential losses significantly
• Minimum Deposit: $1,000 minimum, though $1,500-2,000 advisable for better risk management given the EA’s grid strategy and potential drawdown levels

Trading Conditions:
• Trading Time: 24/7 automated operation with VPS recommended for consistent execution
• Broker Requirements: Low-spread ECN environment essential for grid strategy profitability

Quick-Start Parameter Guide

Risk Management Settings:
• MaxTrades: 8 – Critical circuit breaker limiting maximum open positions to prevent runaway grid scenarios
• Risk_Level: High_Risk – Defines overall strategy aggressiveness; use conservative settings for smaller accounts
• RiskManagement: true – Enables integrated capital protection features

Lot Sizing Configuration:
• LotSizingMethod: AutoLot – Recommended for dynamic scaling based on account equity
• AutoLot_001LotPer: 1500-2000 – Conservative setting for 0.01 lot per $1,500-2,000 account balance to manage grid risk
• FixLot_FixOnlyFirstLot: 0.01 – Alternative fixed lot size for manual control

Strategy Parameters:
• TradesCount: 3 – Number of active grid levels before profit-taking evaluation
• MaximumSlippageInPips: 4 – Execution quality control for volatile market conditions
• Risk Warning: Setting AutoLot ratios too high or MaxTrades above 8 can significantly increase account risk during trending markets

Review of Chronos Algo MT4

Chronos Algo MT4 delivers verified long-term profitability through intelligent grid management, though requires patient capital to weather significant drawdown periods. Best suited for intermediate traders seeking consistent automated returns with proper risk understanding.

Live Performance Snapshot:
• MyFxBook verified: 164.39% total gain, 2.97% monthly growth over 3+ years
• Trade-off consideration: 17.45% maximum drawdown requires adequate account capitalization for comfort

Backtest Results Snapshot:
• Historical performance: 76.81% win rate, 2.15 profit factor across 1,837 trades (2013-2024)
• Risk reality: 31.09% maximum drawdown during challenging periods shows grid strategy’s inherent volatility during strong trends

Is Chronos Algo MT4 the Right Choice For You?

• Verified Track Record: Unlike many untested EAs, Chronos Algo provides 3+ years of live MyFxBook verification, though this transparency also reveals real drawdown risks requiring adequate capitalization

• Intelligent Grid Strategy: Sophisticated multi-indicator entry system improves upon basic grid EAs, but the underlying grid mechanics still carry inherent trending market risks that require patient capital

• Professional Risk Controls: Hard-coded MaxTrades limits and adaptive lot sizing prevent infinite grid scenarios, though maximum 31.09% historical drawdown still demands proper risk management and emotional discipline

• ECN Optimization: Specifically designed for low-spread environments maximizing grid profitability, but requires compatible broker selection and may underperform on high-spread accounts

• Long-Term Consistency: Demonstrated ability to compound modest monthly gains over years rather than promising unrealistic quick profits, though requires understanding that 2-3% monthly returns come with periodic significant equity fluctuations

Final Verdict

Chronos Algo MT4 offers verified long-term profitability through intelligent grid management with proper risk controls. Ideal for patient traders with adequate capital seeking consistent automation, but unsuitable for those uncomfortable with 20-30% potential drawdowns or lacking grid strategy understanding.

Chronos Algo MT4 Download Contents:

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  • Chronos Algo MT4 v1.5_fix.ex4