North East Way EA MT4/MT5 Free Download | MT5 EA Download - MetaTrader 5 Resources
North East Way EA is a free downloadable MT5 and MT4 EA. If you are a Forex trader looking for an automated trading system that effectively trades popular "pullback" currency pairs, NorthEastWay may be the solution you need. This fully automated trading system is designed to trade using the major patterns of the Forex market, specifically the return of price after sharp moves in any direction. This strategy is known as "pullback" trading and is particularly effective for the AUDCAD, AUDNZD and NZDCAD currency pairs.
One of the main features of North East Way EA MT4 is its ability to run all recommended currency pairs from a single chart using OneChartSetup. This is an excellent advantage as it saves time and simplifies the process of managing multiple currency pairs. Additionally, the system is optimized for the M15 time frame, making it ideal for traders who prefer short-term trading.
Another important feature of the NorthEastWay EA is its resilience to spreads, slippage and other broker-related variables. This means that the system can perform well in a variety of market conditions, regardless of which broker a trader uses.
In order to test the performance of the North East Way EA, you can use the multi-currency mode of the MT5 tester to test the EA on all recommended currency pairs simultaneously. Since only the opening price is used internally by the system, you can use the "opening price only" mode for a quick test. Long-term testing of 5-10 years is recommended to evaluate the EA's stability under various market conditions.
Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how NorthEastWay Robot works, and then only use it in a real account.
North East Way EA MT4 Recommended
- Minimum account balance 500$ for 1:500 leverage or $1000 for 1:200 leverage.
- Work Best on AUDCAD, AUDNZD and NZDCAD (for any currency pair)
- Work Only on M15 .
- Only use MT5 for backtesting as MT4 does not work properly in the strategy tester.
- This NorthEastWay MT4 EA should be continuously run on a VPS for stable results. Therefore, we recommend running this MT4 EA download on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- The EA is not sensitive to spreads and slippage . But we recommend using a good ECN broker ( find the best one for you here )
Download a range of indicators, courses and EAs for free
Input Parameters
- OneChartSetup — launch advisors for multiple currencies simultaneously 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, the advisor will not open a series of new orders in another currency if there are open positions on the account.
- For_autolot_use — Which base should the advisor use when calculating lot size: equity or balance?
- Or_use_fix_balance — Or deposit a fixed amount of balance in your deposit currency.
- AutoMM — if > 0, the EA uses automatic money management when calculating lot sizes. AutoMM <=1000 — very aggressive. AutoMM >= 5000 — conservative.
- Fix_lot_if_AutoMM=0 — fixed lot size for the first trade in the series.
- Recovery_Mode — if true, the advisor only closes a series of orders with profit, but at the same time it may violate the working logic. If false, the EA operates according to its logic and a series of orders can be closed at a loss.
- Martin_Ratio — martingale coefficient of a series of orders.
- First_real_deal — The larger the value, the fewer transactions, but the better the results.
- Learn More RoyalPrince MT5 Scalper EA Free Download
NorthEastWay MT5 Summary
NorthEastWay MT5 is a fully automated "pullback" trading system that effectively trades popular "pullback" currency pairs. It uses the main patterns of the Forex market in trading, specifically the return of price after a sharp move in any direction. The system is optimized for the M15 timeframe and can run all recommended currency pairs from a single chart using OneChartSetup. Additionally, the system is resilient to spreads, slippage, and other broker-related variables, making it an excellent choice for traders who want consistent results.
North-East-Way-EA.zip
download💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •