Chanlun Master EA V1.6 MT5

Introduction

If you’ve been hunting for an EA that doesn’t just take random entries but actually understands structure, then Chanlun Master EA V1.6 MT5 might be what you’ve been waiting for. Too many robots rely on repainting indicators, lagging signals, or risky grid methods. This EA takes a more systematic, analytical approach by applying Chanlun theory — a market structure framework known for breaking down price waves accurately.

Most traders spend hours trying to decode reversals, trends, and micro-patterns manually. This EA does the heavy lifting for you. And the best part? It’s totally free on MQL5.software coz YoForex believes tools should be accessible without forcing traders to burn money upfront.

What is Chanlun Master EA V1.6 MT5?

Chanlun Master EA V1.6 MT5 is an automated trading robot designed around Chanlun market structure analysis, a system that breaks price into meaningful segments. Instead of relying on lagging indicators, the EA reads pure price movement — swings, pivots, breaks, and momentum clusters.

It runs on MetaTrader 5 and is compatible with major forex pairs and Gold (XAUUSD). Its goal is to detect when the market shifts from one wave to the next using structural logic that many manual traders struggle with. Version 1.6 includes stronger filtering, updated exit logic, and improved risk-to-reward balancing.

Key Features

Pure Chanlun-based structure reading
Detects BOS (Break of Structure) and CHOCH flips
No martingale, no grid systems
Wave compression/expansion smart entries
Trend continuation mode
Early reversal detection from micro-wave analysis
Dynamic stop-loss and take-profit
Works with all major MT5 brokers
Best on M5–H1 timeframes
Built-in risk management engine
Improved trailing stop engine in V1.6
High accuracy during consolidation breakouts

Recommended Settings

Account Type: Standard or ECN
Minimum Deposit: $200
Best Timeframes: M15, M30, H1
Best Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD
Risk Setting: 1–2% per trade
Lot Size: Auto lot recommended (0.01 per $200)

Optional Tweaks:

Use 0.5% risk for Gold due to volatility
Enable trailing stop during trending markets
Avoid Friday trading to reduce gap risks

Backtesting

Chanlun Master EA V1.6 MT5 was tested using 99.9% tick modeling with real-spread simulation. It works particularly well on EURUSD and XAUUSD M15.

Backtest Summary:

Initial deposit: $1,000
Pairs tested: EURUSD & XAUUSD
Timeframe: M15
Testing period: 2019–2024
Total trades: 1,480+
Win rate: ~72%
Max drawdown: 11–14%
Best year return: 53%
Lowest profitable year: 17%

The equity curve remained smooth and stable, indicating no risky grid or recovery systems. Version 1.6’s refined logic helps reduce unnecessary losses by detecting reversals early.

Installation

Download the EA from MQL5.software
Open MT5 → File → Open Data Folder
Navigate to: MQL5 → Experts
Paste the EA file
Restart MT5
Attach the EA to your chart
Enable Algo Trading
Load recommended settings

Advantages

Pure price-action logic
Low drawdown
No martingale or grid
Beginner-friendly
Clean chart design
Works even during ranging markets
Adapts to volatility
High accuracy entry model
Completely free EA
Backtested across multiple years

Disadvantages

Not suitable for ultra-fast scalping
Lower frequency on higher timeframes
Requires VPS for best results
Fewer trades during flat markets
Learning Chanlun logic takes time

Why This EA?

Chanlun Master EA V1.6 MT5 stands out because it works on pure logic instead of guesswork. Many EAs claim to use price action but still depend on lagging indicators. This EA analyzes price waves, BOS/CHOCH, and structural shifts intelligently — exactly what professionals look for.

If you're tired of martingale bots blowing accounts or short-lived performance spikes, this EA offers a stable, long-term alternative. YoForex builds tools that help traders grow consistently, and that’s why this EA is offered free on MQL5.software.

Conclusion

Chanlun Master EA V1.6 MT5 is a clean, structure-driven expert advisor ideal for traders who want reliable, rule-based trading. It removes emotional decision-making and follows market structure precisely. With low drawdown, stable results, and a fully transparent approach, it’s an excellent option for those seeking long-term consistency.

Set it up properly, use low risk, run it on a VPS, and let it do the job. Slow and steady wins the race.