Chandelier Exit - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Chandelier Exit calculates a trailing stop based on the maximum of the highest price or the maximum of the closing price during the specified period. - Free download of the "Chandelier Exit" indicator for MetaTrader 4 designed by "Scriptor" in the MQL5 code base, March 25, 2016
Attachment download
📎ChandelierExit.mq4 (3.03 KB)
Source: MQL5 #7249
Chandelier Exit - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Chandelier Exit - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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