Introduction

Chronos Algo EA V1.5 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed to analyze market structure and execute trades automatically based on predefined algorithmic logic. The EA focuses on disciplined execution, structured risk management, and consistent trade application, aiming to reduce emotional decision-making and improve trading efficiency.

Key Features

Fully automated trading execution
Designed specifically for MT4
Trend and momentum-based trading logic
Automatic stop-loss and take-profit placement
Adjustable lot sizing (fixed or percentage-based)
Spread filtering for controlled entries
Drawdown and equity protection settings
Multi-pair compatibility
VPS-ready for uninterrupted 24/5 operation
Customizable input parameters for flexibility

Recommended Settings

Settings may vary depending on broker and account size, but general guidelines include:

Timeframe: M15, H1, or H4
Preferred Pairs: Major pairs such as EURUSD, GBPUSD, USDJPY
Risk Per Trade: 1%–2% of account balance
Lot Mode: Auto lot based on risk percentage
Max Spread: Use low-spread broker
VPS: Recommended for stable execution

Always forward test on a demo account before trading live.

Backtest Result

Backtesting typically shows:

Stronger performance during trending market phases
Moderate drawdown with conservative risk settings
Reduced efficiency in prolonged sideways conditions
Sensitivity to broker spread and slippage

Live performance may vary depending on market volatility and broker execution quality.

Advantages

Fully automated trade management
Emotion-free execution
Structured risk control
Adjustable settings for different account sizes
Suitable for medium-term traders
Compatible with most MT4 brokers
Time-efficient for traders with limited availability

Disadvantages

Performance depends on market conditions
Drawdowns are possible
Sensitive to high spreads and slippage
Requires monitoring despite automation
VPS hosting may add cost
No guaranteed profitability

Installation & Setup Guide

Download the Chronos Algo EA V1.5 file (.ex4 or .mq4).
Open MetaTrader 4.
Click File → Open Data Folder.
Open the MQL4 folder and then the Experts folder.
Paste the EA file into the Experts folder.
Restart MT4.
Enable AutoTrading from the toolbar.
Open your preferred currency pair and timeframe.
Drag the EA from the Navigator panel onto the chart.
Adjust input settings according to your risk preference and click OK.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.