Cherokee

Cherokee – is a professional adviser based on a trend tracking system with an adaptive algorithm.

New sets are in the “Comments” section comments #2-3. Signal: 6 currency pairs

Main Advantages

• 6 currency pairs;
• The EA does not use Martingale;
• The minimum starting deposit is $300;
• No need to close the robot during news releases;
• It works with 4 and 5-digit quotes;
• A multi-level model of a quantum set.

Working parameters

• Currency pairs: EUR/USD, GBP/USD, EUR/CHF, USD/CHF, USD/CAD, USD/JPY, AUD/NZD, EUR/GBP;
• Leverage: >200;
• Timeframe: М15;
• Broker: any;
• Account: preferably ECN;
• To use Trailing Stop, it is highly recommended to have an account with zero Stop Levels.

General Trading Settings

• Start trading – enable/disable the Expert Advisor;
• Start trading for support orders – enable/disable opening support orders;
• TakeProfit – take profit value for the orders opened by the EA, depends on the specific currency pair and trading style (if set to zero, ATR values are used);
• Slip – maximum allowed slippage.
• MagicNumber – unique number of positions opened by the EA.

Settings for optimization

• Quantum algorithm level – select the quantum model level;
• Maximum support orders – the maximum number of open support orders;
• LotExponent in support orders – lot exponent for support orders;
• Use smart distance between support orders – use an algorithm to automatically determine the minimum distance between support orders;
• Minimum distance between support orders – the minimum distance between support orders.

Risk management

• Lots – initial lot size. It is activated, if the values of Risk and DepoStep are zero;
• Risk – percentage of the deposit balance to increase the initial lot. It is activated, if the value of Lots and DepoStep is zero;
• DepoStep – deposit size step for doubling the initial lot. It is activated, if the values of Lots and Risk are zero.
• Use Down TakeProfit – enable/disable TakeProfit down parameter;
• Order number Down TakeProfit – after which order to lower TakeProfit;
• New TakeProfit – new value TakeProfit;
• Stop by equity – enable/disable limitation of losses by equity.
• Value of equity – allowable loss by equity, at which all orders previously opened by the EA are closed.

Trailing Stop

• Use Trailing Stop – enable/disable the Trailing Stop parameter.
• Fixed trailing size – size of the Trailing Stop in points from the order opening price;
• The size of the correction Trailing Stop – price range in points from Fixed trailing size to trigger  Trailing Stop;
• The size of the correction Trailing Stop Level II – the range of the price movement in points from Fixed trailing size to the triggering of Trailing Stop Level 2.