- Cherokee EA MT4 Overview:
- Cherokee EA MT4 is a professional Expert Advisor (EA) based on a trend-tracking system with an adaptive algorithm.
- It aims to provide precision execution, effective risk management, and strategic decision-making in the dynamic forex market
- The EA does not use Martingale, making it suitable for risk-conscious traders.
- Minimum starting deposit: $300.
- Trading Parameters:
- Currency Pairs: EUR/USD, GBP/USD, EUR/CHF, USD/CHF, USD/CAD, USD/JPY, AUD/NZD, EUR/GBP.
- Timeframe: M15.
- Broker: Compatible with any broker, but preferably ECN accounts.
- Leverage: Recommended leverage >200.
- Account: It works best with accounts that have zero Stop Levels for Trailing Stop functionality.
- Risk Management:
- Lots: Initial lot size (activated if Risk and DepoStep are zero).
- Risk: Percentage of the deposit balance to increase the initial lot (activated if Lots and DepoStep are zero).
- DepoStep: Deposit size step for doubling the initial lot (activated if Lots and Risk are zero).
- Take Profit and Stop Loss:
- TakeProfit: Set based on specific currency pairs and trading style (can use ATR values).
- Slippage: Maximum allowed slippage.
- Trailing Stop: Enable/disable Trailing Stop.
- Fixed Trailing Size: Size of the Trailing Stop in points from the order opening price.
- Correction Trailing Stop: Price range in points from Fixed Trailing Size to trigger Trailing Stop.
- Correction Trailing Stop Level II: Range of price movement to trigger Trailing Stop Level 2.
- Remember to visit the official website here to download Cherokee EA V1.1
- join their Telegram cannel for updates and discussions : https://mahakaryadigital.com
