Smart Chandelier Exit EA
Autonomous MT5 Expert Advisor executing confirmed Chandelier flips with H4 trend filtering, adaptive ATR ratchet trailing, and daily equity protection.
System Overview
Smart Chandelier Exit EA is an institutional-grade autonomous Expert Advisor engineered for MetaTrader 5, translating confirmed Smart Chandelier Exit reversal flips into disciplined automated trades.
The EA eliminates emotional hesitation and continuous chart monitoring by executing the exact moment the indicator confirms a flip. Every entry is strictly verified against a higher-timeframe macro directional filter (H4 by default) to eliminate low-conviction counter-trend noise.
Positions carry a hard broker-side stop loss that dynamically ratchets forward with the chandelier line (cushioned by 0.5 ATR), never widening backwards. Includes an optional 3-stage ATR target ladder for traders requiring structured partial scale-outs.
Engineered with institutional safety protocols: features account-level daily loss limits, equity drawdown caps, symbol-isolated magic numbers, zero Martingale, and ships in safe state requiring explicit user consent.
How It Works?
Confirmed Flip Execution Desk
Executes market orders the exact moment the chandelier flip survives its 5-bar confirmation window, perfectly synchronizing with confirmed indicator signals.
H4 Macro Trend Confluence
Filters all entry signals against the higher-timeframe trend direction, systematically discarding choppy counter-trend whipsaws.
Adaptive One-Way Ratchet Trail
Ratchets the protective stop loss on the broker server with each closed bar, maintaining a 0.5 ATR cushion without ever moving away from price.
Multi-Stage Target Option
Offers an optional 3-stage ATR scale-out ladder (25% at 2R, 25% at 3R, 25% at 4R) with automated breakeven ratchet on Target 1.
Institutional Equity Governor
Monitors overall account equity and daily balance to enforce hard loss caps and drawdown limits, protecting prop firm and funded accounts.
Audit Trail & CSV Journal
Records every confirmed flip, reason for trade or rejection, and lifecycle event directly to MT5 Experts and common CSV audit files.