CheetaFX EA MT4 with SetFiles (Work on terminal 1421+)

What is CheetaFX EA?

CheetaFX MT4 is an automated and optimized Expert Advisor (EA) for EURUSD trading. The advisor integrates a high frequency strategy with fixed Take Profit (TP) levels and generates small and quick profits, operating in the direction of the trend.

These take profit levels can be completely changed according to the wishes of all levels of investors, helping traders to operate easily and overcome the challenges of the forex market easily.

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CheetaFX EA Overview

CheetaFX EA Features

1. Main features:

• High frequency trading: Execute multiple trades in a short period of time to take advantage of small market movements.
• Fixed take profit: Set a specific take profit level for each trade, ensuring profits are locked in when the target is reached.
• Trend following: Open positions in the direction of the current trend to increase profitability.
• Risk management: Use limit orders to minimize risk when the market moves against your prediction.

2. Additional features:

• Optimized for EURUSD: Specifically designed to work effectively on this currency pair.
• Multi timeframe operation: Can operate on both M15 and H1 timeframes to flexibly adapt to different market conditions.

CheetaFX EA Professional Trading Features

What are the outstanding advantages and trading strategies?

1. CheetaFX EA trading strategy:

• Open multiple positions: When a new Trend is detected, the EA will open a series of small positions in the same direction.
• Fixed take profit: Each position will have a pre defined take profit level, ensuring that profits are locked when the target is reached.
• Limit order risk management: If the market moves against your prediction, limit orders will help limit losses.

2. Outstanding advantages:

• Make quick profits: Thanks to high frequency trading and fixed Take Profit, the EA can make small but continuous profits.
• Effective risk management: The use of limit orders helps minimize risks when the market is volatile.
• Ease of use: The user friendly interface makes it easy for users to install and use the advisor.

CheetaFX EA Trading Strategy and Advantages

CheetaFX EA MT4 Reviews

CheetaFX MT4 is highly appreciated by professional traders and the profit performance of this advisor is verified by Myfxbook, showing stability in trading and transparency, which helps traders using this advisor have the best assessment in long term trading.

1. Performance verified by Myfxbook:

The performance of CheetaFX EA has been verified by Myfxbook showing long term trading potential and giving Traders the most transparent view and assessment of real trading results. The real trading account on Myfxbook gives a stable high risk level with a maximum drawdown of 21.65%.

CheetaFX EA Performance Verified by Myfxbook

2. CheetaFX EA backtesting test results:

CheetaFX EA backtesting results show incredible profit potential. With a test capital of only $2000, the system achieved a total profit of $2146 in 7 months of trading, while maintaining a low risk level of only 19.72%. The profit performance is stable in volatile forex market conditions.

Performance parameters:

• Test capital: $2,000
• Total profit: $2,146
• Backtesting period: 7 months
• Maximum drawdown: 19.72%

CheetaFX MT4 Backtesting Test Results

CheetaFX EA MT4 Backtesting Test Results

CheetaFX EA Backtesting Test Results

Recommended settings

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

>>> Reviewed by David Easton

Product download package includes

The download package of the product suite includes:

• Experts: CheetaFX_fix.ex4
• Presets:
  • EURUSD_$2000_High Risk.set
  • EURUSD_$2000_Low Risk.set
  • EURUSD_$2000_Medium Risk.set
  • CHEETAFX GoldScalper_M15.set

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