CheetahFX EA MT4 with SetFiles (Platform build 1420+)

What is CheetahFX EA?

Cheetah FX is an Expert Advisor (EA) specifically designed to capitalize on trends in the Forex market, focusing on the EUR/USD currency pair. The system automates the trading process by determining specific instructions based on the closing of the presentation window and executing the corresponding buy or sell orders.

The strength of Cheetah FX lies in the ability to manage risk by setting individual stop loss levels for each trade and focusing time when the highest overall profit is achieved. The system’s operating environment strategy helps to balance the money and minimize the risk.

• Vendor website

Cheetah FX EA Features

1. Trading strategy:

• Trend following: The system is designed to identify and use the current market trends.
• Simple: The rules are based on the previous window closing order, easy to understand and apply.
• Conservative: The fixed stop loss of 350 pips limits the risk for each trade.

2. Position management:

• Environment: The system uses a strategy of expanding multiple smaller positions (brokers) when the price moves against the initial position. This helps to minimize risk and increase the possibility of recovery.
• Response focus: All positions will be packaged when the total target profit is reached, helping to optimize profits.

3. Other highlights

• Customization: Users can customize some parameters such as environment limit and maximum number of positions.
• Focus on EUR/USD: The system is optimized for this currency, but can be adjusted for other pairs.
• H1 Timeframe: Suitable for traders with free time.

Cheetah FX EA Review

CheetaFX EA offers consistent returns for traders, driven by its trend-following strategy. Both in live market conditions and backtesting, it has shown stability. Advanced risk management through limit orders ensures protection against major risks, making it a reliable tool for traders.

1. Cheetah FX EA myfxbook:

Link live myfxbook

Achieved 57.72% growth, with a 21.65% drawdown, producing €1,654.85 profit, resulting in a final balance of €2,654.85.

CheetaFX EA MT4 live results

CheetaFX EA MT4 live results 2

2. Cheetah FX EA backtest:

From January to August 2024, with an initial capital of $2,000, the backtest generated $2,146 in profit with a 19.72% drawdown.

CheetaFX EA MT4 backtest

Cheetah FX EA Download

The download package includes the official version of the advisor:

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

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Conclusion

In short, Cheetah FX is an Expert advisor (EA) designed to automate trading the EUR/USD pair on the H1 timeframe. The system is based on the principle of tracking market trends, taking advantage of movements to generate profits.

>>> Reviewed by Jason Stap