Question 1

What type of strategy does Golden Cheetah EA MT4 use?

Accepted Answer

It is a high-speed Price Action scalper for Gold that uses tight stop loss and trailing stop logic while maintaining very conservative risk settings.

Question 2

Is it safe to use?

Accepted Answer

Yes. It avoids Martingale and averaging methods, uses a relatively tight Stop Loss, and has a very low default risk (0.5%). The strict spread filter also helps maintain execution quality.

Question 3

What is the risk level?

Accepted Answer

Very Low — thanks to the conservative 0.5% risk per trade and controlled parameters.

Question 4

Why is Stop Loss set to 63 pips?

Accepted Answer

It provides a balance between protecting capital from large adverse moves while giving the trade enough room to breathe in volatile gold conditions.

Question 5

Is it suitable for beginners?

Accepted Answer

Yes, it is relatively beginner-friendly due to its conservative default settings and simple structure. However, proper testing on a demo account is still recommended.

Question 6

Does it have a time filter?

Accepted Answer

Yes. It includes a built-in time filter (default 01:00 – 22:59) to avoid low-liquidity periods.

Golden Cheetah EA MT4Premium

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