BlueMode Dollar Chaser EA: Automated MT4 trading with institutional Smart Money results

This BlueMode Dollar Chaser EA Review for 2026 examines live and backtest results, presenting a clear Performance Analysis of the system under realistic market conditions. BlueMode Dollar Chaser EA stands out because it combines Smart Money Concept (SMC) and ICT theories with a fundamental news awareness layer, which is rare in retail EAs. The developer, Thunzi Glen Nzimande, has implemented session-aware logic so the robot targets liquidity during New York, London and Asia sessions and reduces activity around scheduled releases. The algorithm identifies institutional supply and demand levels, fair value gaps, and trend imbalance points to define entries and exits. BlueMode Dollar Chaser EA calculates dynamic stop levels using ATR and adjusts lots based on configured risk per trade, which helps preserve account equity during volatile spikes. Execution on MT4 uses pending orders and on-chart management to ensure compatibility across brokers while minimizing slippage when possible. Market conditions that favor the EA include trending metals and high-liquidity indices like NAS100 and US30 where institutional flows create repeatable patterns. It is less effective during sideways chop without clear liquidity sweeps. Expected performance characteristics are moderate-to-aggressive return profiles with an emphasis on controlled drawdowns, a typical live win rate in verified accounts near the high 60s percent, and periodic equity retracements during major economic events. Overall BlueMode Dollar Chaser EA offers a transparent, rules-based approach for traders who understand SMC and want automated execution on MT4.