Chronos Forex EA

Chronos ships with a default symbol list of 28 forex pairs covering all major and minor crosses (every pair built from AUD, CAD, CHF, EUR, GBP, JPY, NZD and USD). Because Chronos is a mean-reversion system, it works best on pairs that tend to mean-revert — favour those, and trim out the strongly trending ones. JPY crosses are the classic example to remove: they often run in long directional moves that punish mean-reversion entries. Out of the box Chronos runs in Multicurrency Mode across that whole list from a single chart; you can trim the list, or turn Multicurrency Mode off and attach Chronos to one chart to trade that pair alone.

v16.0 made Chronos a single strategy, so the "Chronos State" setting and the three multicurrency settings added in v15.0 no longer exist. Because MT5 stores settings by name, those entries are simply dropped when you load an older .set file — everything else carries over unchanged. Load each of your .set files once after updating and save it again, so the file matches the new input list and the new Chronos Settings group is stored with it.

At a liquidity level, not at a fixed distance. A basket targets the last opposite level on the chart that is still standing and that price has not already moved past, and it closes when the candle that reaches that level closes — not on the tick that touches it, which is what keeps a "1 minute OHLC" backtest close to a real-tick one. By default the level also has to sit beyond the basket break-even, so the exit is genuinely in profit; you can allow nearer levels instead if you would rather get a stuck basket out. If no level qualifies, the basket simply has no take profit until one appears — in that state only the basket stop loss or the HWM Emergency Close can end it, so leave both set to sensible values. Optionally, Trail After the TP is Reached keeps the basket running once the level is reached and exits when price breaks the previous candle's extreme instead.

v21.0 made the level-based take profit the only take profit and removed the drawdown controls, so Basket TP Distance, TP Addition per Additional Order, Max TP Distance in ATR, the Liquidity TP switch, Soft DD Control, Hard DD Control and Hard DD Distance no longer exist. MT5 stores settings by name, so those entries are simply dropped when you load an older .set file and everything else carries over unchanged. Load each of your .set files once after updating and save it again so the file matches the new input list. The HWM Emergency Close is still there — it moved to the bottom of the Grid General settings.

Yes, since v22.0. Set "Number of Baskets to Trade" in the Risk Settings to the number you want and Chronos starts that many baskets in total — across every pair and both directions combined — then opens no new ones. Anything already open is still managed to its end: grid orders are added, the take profit and stop loss still fire, and Cash Out still runs. The count belongs to the current attachment, so reattaching the EA or changing a setting starts it again from zero, and baskets that were already running when you attached it are not counted. 0 leaves the limit off, which is the default.

It is an optional extra condition for starting a new basket, added in v23.0 and off by default. With it on, Chronos waits until the market has gone a set number of bars without breaking a level on the side the basket would trade towards — for a buy basket no level above the market, for a sell basket none below — so it stays out while price has recently been breaking out in that direction. It never touches a basket that is already open, and it has its own Fractal Strength setting, independent of the one the entries use. Like the other experimental switches, test it in the Strategy Tester on your own pairs before running it live.

No. Out of the box the Martingale Style is Disabled, so every position stays at your Start Lot Size. Martingale is fully optional and in your hands: you can switch on a progression — Additive (1→2→3…), Fibonacci (1→1→2→3→5→8) or Exponential (1→2→4→8→16→32) — set your own Custom multiplier, and cap the maximum lot. If you do run martingale, size your account and your basket stop accordingly.

Two reasons. First, Chronos trades frequently, which means it is highly sensitive to spread, slippage and execution speed — every millisecond of latency between your terminal and the broker matters. Second, you want the EA running 24/5; if your home PC sleeps or your internet drops, open baskets are no longer being managed. A VPS in a low-latency datacentre solves both.

Any of the partners works for Chronos — Fusion Markets, Ultima Markets, or an E8 Markets prop-firm account: E8 restricts no trading style, so a grid EA is fine there (it only limits how many traders run the same strategy at once). Pick whichever is more convenient for you — the broker comparison on the main page covers the full picture.

With caveats. Chronos can run on prop accounts, but it is not specifically tuned for their environment — there is no built-in news filter, no daily-drawdown guard, and the basket-style approach means an unhedged loss can grow before the basket stop loss closes everything. If you want a prop-friendly EA, ORB Revolution is the right tool. If you do try Chronos on a prop account, set the basket stop loss and the HWM Emergency Close carefully first.

Plan for around $10,000 on a standard account. Chronos ships in multicurrency mode, so it opens and averages into baskets across many pairs at once — that needs real headroom to manage drawdown safely, and more again if you switch a martingale progression on. If you want to trade live but keep the real money at risk small while you get comfortable, run it on a cent account instead: about $100 on a cent account is the equivalent of $10,000 on a standard one, so it is the ideal low-cost way to test Chronos on real market conditions.

It is the same EA, same version, same updates — the difference is how the license is bound. The free license you get through TLFX is valid for one specific account only: the live account you open with one of my partner brokers. If you want to run Chronos outside of that — on a different broker, or on a second account of your own — you need to buy it on MQL5.