Introduction
Trading robots, AI, and automated trading strategies are becoming ever more popular in the world of Forex. Trading bots like Cherokee and our very own EASY Trendopedia / Scalperology / Breakopedia are helping traders make calculated decisions. Here we will be giving a comprehensive review of the Cherokee trading bot, comparing it with one of the EASY series, discussing its pros and cons, and offering insights into when it performs best based on the user review.
Comparison with EASY bot
Cherokee is viewed favorably according to user feedback, with notable highlights such as reliable performance and specificity in currency pairs. However, comparing it to an EASY bot, such as EASY Scalperology, reveals stark differences. Scalperology is a fine example of a trading robot that excels in any market conditions thanks to its advanced algorithm, whereas Cherokee tends to be more adapted to stable market conditions. While Cherokee trades well on certain pairs such as EURUSD, GBPUSD, USDCAD, and USDJPY, it struggles with EURGBP, USDCHF, and EURCHF. Our EASY bots, on the other hand, are designed to trade on a wide array of currency pairs proficiently.
Pros and Cons
Cherokee
- Pros: Reliable, specific currency pair proficiency, user-friendly
- Cons: Struggles with certain currency pairs, limited to stable market conditions
EASY Scalperology
- Pros: Highly versatile, trades efficiently on a wide array of currency pairs, adaptable to various market conditions
- Cons: Might be complex for novice traders
Optimal Conditions for Use
From user reviews, it is inferred that Cherokee performs best when utilized with lower risk settings. It is also noted that it performs optimally when trading on the EURUSD, GBPUSD, USDCAD, and USDJPY pairs.
Original Cherokee Source Code
We don't have access to the original source code of the Cherokee bot sold on MQL5, however, we can potentially design code based on the bot's description given on MQL5. This is simply an interpretation of the original bot. Any questions regarding the code can be shared on the forum.
easytradingforum.com
Please note that EASY Trading Team does not sell the Cherokee bot. Our team has only put together a code interpretation based on the bot's description.
Code:
You don't have permission to view the code content. Log in or register now.Download and Discussion on Cherokee Trading Bot Code
We invite users to view, download, provide feedback on our code interpretation of the Cherokee bot at:
forexroboteasy.com/trading-robot/cherokee/
Remember, community feedback is vital to refining and improving our trading strategies. Let's grow and win together!