Shmendridge C7MT4 Channel Breaks + SetFiles (Latest version)

Quick Overview

Shmendridge C7MT4 Channel Breaks is an automated Expert Advisor (EA) for MetaTrader 4 that trades Donchian channel breakouts and trendline breaks. It can run several signals, symbols and timeframes together, sizes every trade as a percent of account equity and offers many trailing stop methods and built in anti curve fitting tests.

Best For:

✅ Traders who like channel and trendline breaks.

✅ Users who want multi symbol trading.

✅ Traders who run several timeframes together.

✅ Users who prefer percent of equity sizing.

✅ Traders who optimize and test their own settings.

What is Shmendridge C7MT4 Channel Breaks?

Shmendridge C7MT4 Channel Breaks EA is an automated trading robot (Expert Advisor) developed for the MetaTrader 4 (MT4) platform. It uses Donchian Channel breakout strategies and trendline breakout signals to identify potential trading opportunities and capture market movements.

The EA supports multiple trading signals, currency pairs, and timeframes, providing flexibility across different market conditions. It also features percentage-based equity position sizing and a wide selection of trailing stop methods to manage open trades, protect accumulated profits, and adapt trade management to individual trading preferences.

 Vendor Website: View here

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 Delivery time 24h-48h after payment.

 Refund if not delivered.

 You will receive the current version without any limitations (ID+Time).

Shmendridge C7MT4 Channel Breaks EA Review

Trading Strategy

Trade Donchian Channel Breakouts

One signal places orders at the edges of a Donchian channel, so entries follow price as it breaks out of a recent range.

Trade Trendline Breaks

A second signal watches trendlines with a minimum number of touch points and enters when price breaks through such a line.

Adapt to Volatility

Stop loss, take profit and channel width are measured in volatility units, so distances change as the market becomes calmer or wilder.

Run Many Markets Together

The EA can use several signals, symbols and timeframes at the same time, although multi symbol mode works only on live charts.

Trail the Stop with Choice

Many trailing methods are offered, including big round numbers, previous bar highs and lows, Ichimoku, Keltner, Heiken Ashi and Parabolic SAR.

Key Features of Shmendridge C7MT4 Channel Breaks EA

Donchian and Trendline Signals

Two signal types are available, a channel edge breakout and a trendline break, so the same EA can cover two different breakout styles.

Multi Symbol and Multi Timeframe

A list of symbols and a list of timeframes can run together, which allows wider coverage from a single set of settings.

Volatility Based Distances

Stop loss, take profit and channel measurements use volatility units, either average true range or a Bollinger Band percentage.

Many Trailing Stop Methods

The trailing stop can follow round numbers, bar highs and lows, Ichimoku, Keltner, Heiken Ashi or Parabolic SAR, to suit different styles.

Profit Performance Verified by MyFxBook

Shmendridge C7MT4 Channel Breaks EA traded the EURUSD pair from August 29, 2014, to April 28, 2015, covering approximately 8 months of live trading, with 87.7% gain and 17.14% drawdown.

Shmendridge C7MT4 Channel Breaks EA Myfxbook

Historical Trading Results Performance

✅ Shmendridge C7MT4 Channel Breaks EA achieved a total net profit of $34,496.01, with a Profit Factor of 2.20 and a 64.09% win rate across 181 trades.

Shmendridge C7MT4 Channel Breaks EA Backtest Results

✅ Shmendridge C7MT4 Channel Breaks generated a net profit of $126,051.75 from a $10,000 initial deposit, achieving a Profit Factor of 1.76.

Shmendridge C7MT4 Channel Breaks EA Backtest

Risk Management

Breakouts Can Fail

Price often reverses after a channel break, so a stop-loss can be hit several times in a row.

Targets May Be Missed

A take-profit set in volatility units may not be reached when a breakout fades quickly.

Many Markets Add Exposure

Running several symbols and timeframes at once can open many positions, and related markets may lose together.

Forced Minimum Lot Raises Risk

This option can place a trade larger than the chosen percent, which is dangerous on a small balance.

Optimization Can Mislead

Even with robustness tests, tuned settings can fail later, so forward tests on demo are needed before real trading.

What Sets It Apart

Two Breakout Signals in One EA

Channel breaks and trendline breaks are combined in a single robot with shared money management.

Round Number Trailing

The trailing stop can use big round numbers, which the product says helps avoid premature stop outs.

Built in Robustness Tests

Time dilation, Monte Carlo and jiggle tests are described as part of the EA, which is rare in retail robots.

Wide Trailing Choice

Seven trailing methods let traders match the exit to the market, instead of living with one fixed approach.

Who Should Use Shmendridge C7MT4 Channel Breaks EA?

Breakout Traders

People who like channel and trendline breaks and want a flexible robot to automate both styles.

Multi Market Users

Traders who want several symbols and timeframes handled from one EA on a live or demo account.

Hands on Optimizers

Users who enjoy testing settings and will use the robustness tests instead of trusting a single backtest.

Not for Traders Who

Want a risk free system, dislike long input lists or expect a robot to guarantee a steady profit.

Recommended Trading Conditions

Recommended settings and parameters to pay attention to from developers and experts:

Product Download Package?

The download package of the product suite includes:

Experts

Shmendridge C7MT4 Channel Breaks.ex4

SetFiles

EURUSD-m30-c7.set

GBPUSD-m30-c7.set

XAUUSD-m30-c7.set

mt4-4sym-h4-dchan-2018-04-09.set

mt4-5sym-m15-trndln-2017-11-29.set

mt4-6sym-h1-trndln-2018-05-07.set

mt4-7sym-d1-dchan-2018-3-22set.set

mt4-eu-m5-dchan-2018-4-3-vx.set

mt4-eu-m5-momentum-2018-04-05.set

mt4-eu-m30-dchan-2018-04-07.set

mt4-eu-m30-momentum-2018-04-11.set

 Reviewed by David Easton

 Installation Guide: Click Here

Final Verdict

Shmendridge C7MT4 Channel Breaks EA is a flexible MetaTrader 4 robot for Donchian channel and trendline breakouts that can run several symbols and timeframes, sizes trades by percent of equity and offers many trailing stop methods. Its robustness and no martingale claims come from the product text, the many settings take time to learn and no results are published. A single market test, a careful demo trial and a cautious risk setting are the sensible start before any real money is placed at risk.