What is a chandelier stop & exit?

Introduced by Charles LeBeau, one of the first system traders, the Chandelier Stop, a.k.a the Chandelier Exit, takes the highest high from your entry position and deducts a multiple of the average true range to calculate the stop loss. Subsequently, the exit is moved up proportionally whenever a new high is made.

What is a chandelier exit strategy?

The Chandelier Exit Strategy is that very tool—a volatility-based risk management that makes traders manage risk, set an initial stop-loss, and implement a trailing stop that evolves with the ebb and flow of the market’s tides. What is Chandelier Exit? Chandelier Exit is a creative dynamic stop-loss level that adjusts to the market’s volatility.

What is chandelier exit (CE)?

Chandelier Exit (CE) is a volatility-based indicator that identifies stop loss exit points for long and short trading positions. Chuck Le Beau, a recognized expert in exit strategies, developed the CE indicator. However, Alexander Elder introduced the strategy to traders through his book “Come into My Trading Room,” which was published in 2002.