Trend-Following Scale-Ins from Chandelier Exit Signals

Summary

This trading system enters when a colored arrow from the Chandelier Exit indicator appears at bar close. It follows the indicator’s trend signal and can increase the volume of an open position when the latest deal’s profit exceeds a user-set threshold. The system tracks scale count, last deal price, and last deal volume in the trade comment, describing how it preserves state for later scaling decisions.

The article also explains how to bundle the compiled indicator into the expert advisor so that the finished executable can use it on another terminal without a separate indicator file. That is an implementation detail rather than evidence of strategy quality. The example test uses default inputs on USD/CAD at the eight-hour interval in 2015, with stop loss and take profit disabled. Results are only referenced as a chart; no metrics, scaling thresholds, or risk controls are reported, so the example cannot establish robustness or expected returns.

Key ideas

• The system opens trades when a Chandelier Exit arrow appears at bar close.
• It increases position volume after the last deal exceeds a configured profit threshold.
• Trade comments store the scale count and details of the last deal.
• The indicator can be bundled into the compiled advisor for standalone deployment.
• The referenced 2015 USD/CAD test omits stop loss and take profit and gives no numerical results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.