CHALLENGER X v1.1 (MT4) — NO DLL

A professional, no-DLL Expert Advisor for MT4 built to scalp breakouts and momentum bursts on XAUUSD and major FX pairs. CHALLENGER X combines a regime detector, spread/volatility guards, and adaptive exits to keep risk contained while capturing fast moves.

What’s new in v1.1

• Smarter order manager (fewer partial fills, quicker SL/TP updates)

• ATR-adaptive SL/TP refined for choppy hours

• Latency tolerance improved for VPS/broker slippage

• New presets for XAUUSD (M5/M15) and EURUSD (M5)

• Extended MagicNumber range + clearer on-chart status

Key Features

• Breakout + momentum engine with swing detection (Bars sensitivity)

• One-shot entries with optional scaled re-entry (capped; no martingale)

• ATR-based SL/TP, optional breakeven and trailing stop

• Session filter (London/NY focus) + Friday close and news blackout options

• Risk module: fixed lot or %-risk, daily loss cap / equity guard

• Safety: max spread, slippage, and volatility throttles

• Multi-symbol ready (independent MagicNumber per chart)

• No external libraries/DLLs — prop-firm friendly

Recommended Setup

• Symbols/TFs: XAUUSD M5–M15 (primary), EURUSD/GBPUSD M5 (optional)

• Broker: ECN/RAW account, tight spreads, fast execution

• VPS: <10 ms to broker (strongly recommended)

• Leverage/Balance: works from $100 (0.01 lots); recommended $300–$500+

• Backtest model: every tick based on real ticks; use broker data for closest match

Inputs (most used)

• Risk & Lots: FixedLots | RiskPercent

• Stops: SL_ATR_Mult, TP_ATR_Mult, BE_Trigger, Trail_Start/Step/Distance

• Signal: BarsSensitivity, ConfirmCandles, MaxSlippage, MaxSpread

• Timing: TradeSessions, FridayClose, NewsBlackoutMinutes_Before/After

• Limits: MaxConsecutiveLosses, DailyLossCap%, EquityGuard%

• Misc: MagicNumber, OrderComment, PanelOn

How to Install (MT4)

1. Copy CHALLENGER_X_v1.1.ex4 → MQL4/Experts and restart MT4.

2. (Optional for news) Allow WebRequests and add your news URL.

3. Attach the EA to each chart you want to trade; load a provided .set file.

4. Check the top-right status: Spread OK • Sessions ON • News OFF before enabling AutoTrading.

What’s Included

• EA file (MT4, NO DLL) – lifetime use on your PC/VPS

• Preset files (.set) for XAUUSD M5/M15, EURUSD M5

• Lifetime updates to the v1.x branch

• Support via Telegram/email

Operating Tips

• Start with low risk (0.25–0.5% per trade) and raise gradually.

• Keep DailyLossCap on (e.g., 3–5%) to protect session P/L.

• Avoid running during major news if you see slippage on your broker.

• One chart per symbol; unique MagicNumber for each instance.

FAQ

Q: Does it use grid or martingale?
A: No. One shot with an optional capped re-entry; risk remains linear.

Q: Will it pass prop firm rules?
A: It respects daily loss caps and can close before news; your risk settings still determine compliance.

Q: Can I run multiple pairs?
A: Yes—attach to separate charts and set unique MagicNumbers.

Q: Any special dependencies?
A: None. No DLLs, no external libraries.

Risk Disclosure

Trading CFDs/FX is risky. Backtests and live records do not guarantee future results. Use risk you can afford to lose and forward-test on demo before going live.