Chronos Algo Trading Strategy: Proven Performance Over 2 Years
- Writer
- Mar 4
- 3 min read
Updated: Nov 4
Chronos Algo EA is our first-ever Martingale trading system that has consistently delivered impressive results in real accounts for over two years, with its performance proudly documented on Myfxbook. This system has undergone continuous updates and developments, culminating in the current version, which is our most refined and comprehensive yet.
Backtest Results on EUR/USD
The backtest results for the Chronos Algo strategy, conducted on the EUR/USD pair with a 1-hour time frame using Vantage MT5 broker, showcase a remarkable journey that began in 2013 and extends to 2024. Starting with an initial investment of $1,000, the strategy generated a total profit of $102,585. For a detailed analysis, you can view the Strategies Test for MT4 [here].
*Please note that past performance does not guarantee future results.
Real Account Trading Results
This EA has traded in real accounts for over two years, with results available for verification on Myfxbook, demonstrating a satisfactory return along with a low drawdown rate. This track record highlights the reliability and potential of the Chronos Algo system for traders looking for a resilient trading strategy.
The Chronos Algo strategy enters a buy position when the Heiken Ashi indicator transitions from a red to a white candle. It utilizes additional indicators such as MACD, RSI, CCI, and ADX to filter signals. Conversely, a sell order is initiated when opposing signals arise.
The first order is set with an automatic Take Profit (TP). If the price reaches the TP, no additional orders are opened to double the lot size. Historical trading statistics in real accounts indicate that this system boasts a high win rate for the initial order. However, if the market moves contrary to the EA's predictions, the system employs a Martingale money management approach, doubling the lot size from the second order onward.
While the Martingale strategy can lead to significant monthly profits, it carries the risk of overtrading and excessively increasing lot sizes.
Robust Testing and Resilience
Our EA has been rigorously backtested with detailed tick data and has proven resilient in the market for over 12 years, maintaining a maximum risk level of AutoLot = 100, which users can adjust within the EA settings. This reliability affirms Chronos Algo's capability to withstand varying market conditions while delivering consistent performance.
In summary, the Chronos Algo trading strategy combines innovative indicators and tested money management techniques, making it a valuable tool for both new and experienced traders in the forex market.
Recommendations for Using Chronos Algo EA
1.Account Type:
- It’s best to use accounts with low spreads, such as ECN, Raw, or Pro accounts.
2. Leverage:
- A leverage of 1:100 or higher is encouraged for optimal performance.
3. Starting Capital:
- The initial capital recommended is $1,000 for standard accounts or 1,000 US cents for Cent accounts (1,000 US cents = $10).
If you're unsure about how to configure the EA for your specific account type and broker, feel free to reach out to our team via email for personalized recommendations based on your situation. Happy trading!
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