Cheeta FX EA – Automated Grid Trading on MT4 with Verified Live Results

Cheeta FX EA is an automated grid-based Expert Advisor for MetaTrader 4, running on the H1 timeframe with a multiplier lot recovery system. A verified real account on TopFX recorded 63.92% overall gain with a 78% win rate year-to-date — confirmed through Myfxbook tracking since 2023, meaning live performance data exists before you spend a cent.

Key Highlights

• ✅ Verified real-account results — 63.92% gain on live EUR account, Myfxbook-tracked from 2023
• ✅ 78% win rate year-to-date (353 trades, Jan 2023–Jun 2024) — consistent across a full 18-month window
• ✅ Grid recovery system on H1 — multiplier lot sizing catches drawdown sequences before they compound
• ✅ Configurable risk controls — MaxLevel cap at 20, adjustable lot multiplier and fixed-lot fallback
• ✅ Runs 24-hour window by default — adjustable start/end hours let you exclude high-risk news sessions
• ✅ MT4 only — Browse MT5 alternatives if you need MetaTrader 5

Performance Results

The live signal on TopFX recorded a 63.92% overall gain from a €3,000 real deposit, with €2,000 withdrawn and the account still active. Monthly return averages 1.86%, and the current month shows 81% win rate across 53 trades — steady, not spectacular, which is exactly what grid systems need to be sustainable.

The 21.65% drawdown is the figure that demands your attention before anything else. Grid systems with a 1.5× lot multiplier and up to 20 open levels can compound losses rapidly during sustained trending moves against position direction. The account equity sitting at 99.4% of balance at last update suggests active positions were manageable — but that number changes fast if the grid extends toward MaxLevel. Set MaxLevel to 10–12 initially, monitor equity-to-balance ratio weekly, and size starting lots at 0.01 per €500 of capital. Realistic range: controlled sequences recover in 4–8 weeks; a full MaxLevel breach at 20 levels risks 30–40% of account equity in a single trend move.

Historical live results from Jan 2023 – Jun 2024. Market conditions evolve. Run a 90-day demo to validate under current spread and volatility conditions before live deployment.

How It Works

Strategy: H1 grid system that places layered orders at fixed Distance intervals — exploiting range-bound price action where reversion is more likely than breakout.

Entry: New grid level triggers when price moves 3.0 pips (Distance) beyond last open position — no manual confirmation required.

Exit: Take Profit fixed at 4.0 pips per trade; grid closes when cumulative profit target is met across open levels.

Risk Control: Lot multiplier set to 1.5× per grid level; hard cap at MaxLevel 20 limits maximum simultaneous positions. Fixed-lot fallback (Use_DbLots = 2) available for flat-risk operation.

✅ Best conditions: Range-bound markets • Low-spread ECN brokers • Stable overnight sessions

⚠️ Caution: Strong trending pairs during news events • Brokers with variable spread spikes above 2 pips

Technical Specifications

This EA runs on MT4 only. Need MetaTrader 5? Browse MT5 EAs

Who Should Use This EA

✅ Ideal for:

• Traders comfortable with grid mechanics who understand how multiplier lots scale risk
• MT4 users running ECN accounts with consistent spreads below 1.5 pips
• Accounts funded at €1,000+ with capacity to absorb a 21%+ drawdown sequence without panic-closing
• Prop firm challengers with drawdown rules above 25% — 21.65% historical DD fits most FTMO/MyFundedFX thresholds. Browse more prop firm EAs

✅ Best results when:

• Deployed during low-volatility sessions with MaxLevel set conservatively at 10–12
• Demo-tested for 60+ days on your specific broker to confirm spread behavior under live conditions

Download Package Included

• ✅ Experts:
  • Cheeta FX EA (.ex4 )
• ✅ Presets:
  • EURUSD_$2000_High Risk.set
  • EURUSD_$2000_Low Risk.set
  • EURUSD_$2000_Medium Risk.set
  • CHEETAFX GoldScalper_M15.set

Product download link sent immediately via email after purchase.

Frequently Asked Questions