Indicator · Chandelier Exit
Chandelier Exit Backtester
The Chandelier Exit hangs a stop a multiple of ATR below the highest high since you entered — so it never moves against you, and it widens automatically when the market gets violent. If you have ever been stopped out by a spike and then watched the trade work, this is the exit worth testing.
Why an ATR stop behaves differently
A fixed-distance stop is the same size in a dead market and a panic. An ATR stop is not: when true range triples, the stop backs off, which is exactly the behaviour you want on the day a release moves your instrument three times its usual amount. CRTLAB defaults to a 22-period ATR at 3×, both editable.
The cost is symmetrical and worth measuring: in quiet conditions the stop draws in close, and a normal pullback that a fixed stop would have survived takes you out.
The test that changes trading
Take fifty trades you have already logged. Re-run each one in replay with the Chandelier Exit on and record where it would have exited. Compare the two exit columns. This is a paired test on identical entries, so the difference is attributable to the exit alone — and for most traders, exits are where the improvement actually is.
Gold is the natural instrument to run it on: its ATR swings enormously between quiet Asian sessions and US data releases, so an adaptive stop has something real to adapt to.
Frequently asked questions
What are the default settings?
A 22-period ATR with a 3× multiplier, which is the classic specification. Both are editable from the chart legend.
Is this the same as a Supertrend?
Related but not identical — both are ATR-scaled, but the Chandelier Exit anchors to the highest high since the trend began, while Supertrend anchors to a moving midpoint. They exit at visibly different prices, which is why testing both on the same trades is worth an hour.
Is it free?
Yes — every built-in indicator is free on all 21 free markets.
Open gold with the Chandelier Exit on
One click — hourly XAUUSD, an ATR trailing stop plotted from the running high.
Open the chart →