Market / MetaTrader 5 / Experts /

CherryPicker

50 USD

Demo downloaded: 15

Published: 4 August 2024

Current version: 1.3

CherryPicker

Experts
Kim Hari
Version: 1.3
Updated: 15 August 2024
Activations: 10

Introducing the "Cherry Picker" EA: Make Your Trading Even Sweeter!

Just like picking the ripest cherries from a cake, the Cherry Picker EA selects only the sweetest trading opportunities in the MT5 market.

This innovative EA identifies high-probability entry points with precision, even in a complex market, maximizing your profits.

Unlike black-box EAs that use neural networks or ChatGPT, where it's unclear how results are derived, the Cherry Picker EA is transparent. It doesn't rely on flashy backtests showing high win rates or straight equity curves. At the very least, it won’t lie to you!

Key Features of Cherry Picker EA:

Sophisticated Trend Analysis: Accurately identifies market trends to execute trades in the right direction.
High-Probability Entry Points: Combines multiple indicators to select only the highest probability trading opportunities.
Risk Management: Implements strict money management for consistent profit realization (TP/SL set at entry).
User-Friendly Interface: Easy to use for both beginners and experts.
Rule-Based EA with Clear Entry and Stop-Loss Justifications

EA Settings:

PERIOD_H1 // Timeframe selection
1000 // Stop loss (points)
1000 // Take profit (points)
true // Enable/Disable Trailing Stop
500 // Trailing start (points)
200 // Trailing stop distance (points)
30 // Slippage (adjustment)
123456 // Magic number
0.01 // Default lot size - Fixed lot size
true // Enable balance-based lot size - Adjust risk size based on balance at entry (on/off)
1 // Risk percent when using balance-based lot size - Risk per balance at entry

Indicator Settings:

14 // ATR period
1.0 // ATR percentage condition - Only enter trades when ATR is above 1% (trend confirmation)

Trading Functionality:

true // Enable once per day entry (Don’t touch)
true // Prohibit entry when a position is already held (Don’t touch)
100.0 // Minimum account balance required for trading (in account currency)

All other parameters are optimized.

Recommended Pair: XAUUSD / GOLD Minimum Balance: $1000

The setup is very straightforward. First, perform a backtest and then start with a demo account. This way, you'll know what to expect during live trading.

If you have any questions about the EA or its settings, feel free to contact me via private message.

Backtesting Settings:

1% Risk Setting: The DEMO version is set with a 1% risk per balance.

Below are screenshots of backtests conducted with risk settings ranging from 1% to 30%.

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Version 1.3 2024.08.15

-Panel Improvement
-Parameter Improvement: This focuses on refining the settings or variables that control how a system operates.

Version 1.2 2024.08.05

Поддержка нескольких валют

Version 1.1 2024.08.05

Risk percent when using balance-based lot size
Enable/Disable Trailing Stop
Minimum account balance required for trading (USD)