Cherokee EA MT4

Description

1. 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.
2. 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.

1. 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).
2. 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://t.me/yoforexrobot

📈🤖Happy Trading 📈🤖