Cherma MT4 v1.1 vs SetFiles (Platform build 1441+)

What is Cherma MT4?

Cherma MT4 is  an Expert Advisor built for Gold (XAUUSD) on the 5-minute chart. It analyzes the market in real time to find precise entry and exit points, placing multiple trades daily. With steady, scalable growth, Cherma MT4 is a smart choice for both new and experienced traders who want a professional, AI-driven solution.

Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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Our Youtube Channel: Click here

➡️ Vendor Wedsite: View here

About the Author

This product was developed by Hicham Chergui, an MQL5 author with experience creating several well-known EAs, including Cherma MT4, Cherma MT5, and NEXON AI. Among them, Cherma MT4 stands out as his top-performing system.

Key Features

• AI Scalping Power: Leverages advanced AI to spot opportunities and make fast, accurate trades.

• Gold Focused: Optimized exclusively for trading Gold (XAUUSD) on the 5-minute chart.

• High Activity: Executes 50+ trades per day to capture frequent short-term moves.

• Hands-Free Trading: Fully automated and adapts to market changes without any manual input.

Cherma MT4 Review

1. Cherma MT4 Myfxbook Results:

Cherma MT4 has delivered impressive real account results, achieving strong growth in under 10 days on a US Cent account. With an average daily return of 1.38% and leverage of 1:2000, this fully automated system shows excellent profit potential.

✅ Gain: +11.62%
✅ Daily Growth: 1.38%
✅ Mobnthly Grobwth: 11.62%
✅ Drawdown: 27.93%

Cherma’s live trading results are verified by MyFxBook, showing strong profits on a US Cent account. This gives traders a transparent view of both the system’s profitability and its risks.

✅ Gain: +234.93%
✅ Daily Return: 2.66%
✅ Monthly Return: 121.18%
✅ Maximum Drawdown: 38.60%

2. Cherma MT4 Backtest Results:

Cherma MT4 shows excellent backtest results on XAUUSD (M5), with a profit factor of 1.92 and drawdown under 6%. It’s a high-frequency Gold trading robot designed for steady, low-risk performance.

✅ Initial Deposit: $1,000
✅ Total Net Profit: $4.63 million
✅ Monthly Growth: 11.62%
✅ Maximum Drawdown: 0.73%

User Reviews and Feedback

➡️ Ka Sheung Ng (2025.08.13): “I recently started using the Cherma MT4 Expert Advisor and I must say it has truly exceeded my expectations. Its performance has been consistently impressive generating an approximate daily profit of $75.”
➡️ Wei Rui De (2025.08.13): “The EA is now working flawlessly, and the profits have far exceeded my expectations. It’s rare to meet someone so professional, caring, and genuinely committed to their customers’ success. Highly recommended from the heart.”
➡️ SYED ASIF (2025.08.12): “Cherma MT4 is absolutely worth every penny! From day one, the experience has been outstanding. The EA works flawlessly. Whenever there was any issue with installation or setup, he responded quickly and guided me step-by-step until everything was running perfectly.”
➡️ Freeten (2025.08.12): “I have been studying this EA for a long time and really like its strategy. It has excellent performance, just like real accounts. I have run it on some broker accounts and the situation is good, with a five-star recommendation.”

Cherma MT4 Setting

Step 1: Attach EA to Chart

1. Open MetaTrader 4.

2. Go to Navigator → Expert Advisors.

3. Drag Cherma MT4 onto your XAUUSD (Gold), M5 timeframe chart.

4. In the pop-up window, go to the Inputs tab to set parameters.

Step 2: Input Parameters Explained

• InpStep (25)
  Defines step size for trade management. Adjusts how the EA calculates trade levels.

• InpAcceleration (9)
  Controls how quickly the trailing stop adjusts as price moves in favor.

• InpTrailingStop (25)
  Distance (in points) the stop will trail behind the price once activated.

• InpStopLoss (530)
  Fixed stop loss (in points).

• InpUseAutoLot (false)

  • false: EA uses fixed lot size.

  • true: EA calculates lot size automatically based on balance/percent.

• InpLotPercent (0.00001)
  Lot size percentage (only used if AutoLot = true).

• InpLots (0.01)
  Fixed lot size per trade (default 0.01, safe for small accounts).

• InpMax_Spread (40)
  Maximum spread (in points) allowed for opening trades. Prevents trading in high-spread conditions.

• USEMOVETOBREAKEVEN (true)

  • true: EA moves stop loss to breakeven after profit reaches a set level.

  • false: No breakeven function.

• WHENTOMOVETOBE (10.0)
  Number of points in profit before stop loss is moved to breakeven.

• PIPSTOMOVESL (5.0)
  Extra points added when moving stop loss beyond breakeven.

• Mom_Sell (0.3)
  Momentum filter for sell trades. Helps confirm sell entries.

• Mom_Buy (0.3)
  Momentum filter for buy trades. Helps confirm buy entries.

• SLIPPAGE (3)
  Maximum allowed slippage in points. Protects from bad execution.

• InpMagic (257212)
  Unique ID for trades opened by this EA. Helps distinguish EA trades from manual trades or other EAs.

Step 3: Saving & Loading Settings

• After adjusting parameters, click Save to store your configuration as a .set file.

• To reuse, click Load and select the saved file.

Step 4: Recommendations

✅ Use on XAUUSD (Gold), M5 timeframe.
✅ Start with fixed lot 0.01 for safety.
✅ Run on a VPS 24/5 for uninterrupted trading.
✅ Test settings in demo before applying to a live account.

In the Downloads folder, there are:

✅ Experts: Cherma Mt4_fix.ex4
✅ Presets: cherma_mt4.set

>>> Reviewed by Micheal Elliot

Conclusion

Cherma MT4 is an AI-powered scalping EA built for Gold (XAUUSD) on the M5 chart. It runs fully automated, placing 50+ trades daily to capture fast market moves with accuracy. Adaptive and easy to use, it’s a smart solution for both beginners and experienced traders.