North East Way EA is an MT5 and MT4 EA FREE to download. If you are a Forex trader looking for an automated trading system that effectively trades on popular “pullback” currency pairs, NorthEastWay might be the solution you need. This fully automated trading system is designed to use the main patterns of the Forex market in trading, specifically the return of the price after a sharp movement in any direction. This strategy is known as “pullback” trading, and it can be especially effective in the currency pairs AUDCAD, AUDNZD, and NZDCAD.
One of the key features of North East Way EA MT4 is its ability to run all the recommended pairs from a single chart using the OneChartSetup. This is an excellent advantage as it saves time and simplifies managing multiple currency pairs. Moreover, the system is optimized for the M15 timeframe, making it an ideal choice for traders who prefer shorter-term trading.
Another important feature of NorthEastWay EA is its resilience to spread, slippage, and other broker-related variables. This means that the system can perform well under various market conditions, regardless of the broker used by the trader.
To test the performance of North East Way EA, the multi-currency mode of the MT5 tester can be used to test the EA on all recommended pairs simultaneously. As the system only uses open prices internally, the “open prices only” mode can be used for fast testing. It is recommended to perform long-term tests for 5-10 years to evaluate the stability of the EA during various market conditions.
Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this NorthEastWay Robot works, then only use it in a real account.
Recommendations for North East Way EA MT4
- Minimum Account Balance of 500$ in 1:500 leverage or 1000$ in 1:200 Leverage.
- Work Best on AUDCAD, AUDNZD, and NZDCAD (Work on any currency pair)
- Work Only on M15.
- Only use MT5 for Backtesting since MT4 doesn’t work correctly in the strategy tester.
- This NorthEastWay MT4 EA should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker (Find the Perfect Broker For You Here)
- OneChartSetup — Launching the adviser at once in several currencies from one chart. Currency pairs must be listed with “,”.
- For_magic — Prefix for unique magic. It must be between 0 and 99.
- Only_One_Symbol? — If true, and there are open positions on the account, the adviser does not open new series of orders in another currency.
- For_autolot_use — Which base should the adviser use when calculating the lot: equity or balance?
- Or_use_fix_balance — Or insert a fixed amount of balance in the currency of your deposit.
- AutoMM — if > 0, the EA uses automatic money management when calculating the lot. AutoMM <=1000 — very aggressive. AutoMM >= 5000 — conservative.
- Fix_lot_if_AutoMM=0 — a fixed lot for the first deal in a series.
- Recovery_Mode — If true, then the adviser closes a series of orders only with profit, but at the same time, the logic of work may be violated. If false, then the EA works in accordance with its logic, and a series of orders can be closed at a loss.
- Martin_Ratio — martingale coefficient for a series of orders.
- First_real_deal — The greater the value, the less often the trades, but they are better.
- Read More RoyalPrince MT5 Scalper EA FREE Download
NorthEastWay MT5 Summary
NorthEastWay MT5 is a fully automated “pullback” trading system that effectively trades on popular “pullback” currency pairs. It uses the main patterns of the Forex market in trading, specifically the return of the price after a sharp movement in any direction. The system is optimized for the M15 timeframe, and it can run all recommended pairs from a single chart using the OneChartSetup. Moreover, the system is resilient to spread, slippage, and other broker-related variables, making it an excellent choice for traders who want consistent results.