Forex North East Way MT5 Robot

Forex North East Way MT5 Robot review:

North East Way EA it is a fully automated “rollback” trading system, which is especially effective in trading on popular “rollback” currency pairs: AUDCAD, AUDNZD, NZDCAD. The system uses the main patterns of the Forex market in trading – the return of the price after a sharp movement in any direction.

Timeframe: M15
Currencies: AUDNZD, NZDCAD, AUDCAD

LIVE Signals:
North East Way
Fast Way
EA SETUP:

You can run all the pairs from a single chart using the OneChartSetup (onlyM15 chart is recommended)
The recommended minimum balance for running all pairs is 1000$
This EA is NOT sensitive to spread, slippage or any other broker related variables.
Use the recommended pairs only.
EA TESTING:

Each pair must be tested seperately
“open prices only” can be used for testing, as the EA only uses open prices internally as well
Test on M15 only
Longterm tests are recommended to show the EA’s stability during various market conditions.
Input Parameters

OneChartSetup — Launching the adviser at once in several currencies from one chart. Currency pairs must be listed with “,”.
For magic — Prefix for unique magic. 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 be used by the adviser 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 — 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 from this level — The greater the value, the less often the trades, but they are better.
Recommended Input Parameters (balanced risk – there are few traders, but they have a high average profit in points):

AUDNZD,NZDCAD,AUDCAD
Only one symbol? = false
For Autolot use: equity
AutoMM = 2000
Recovery Mode = true
First real deal = 3
Minimum balance $1000
Recommended leverage 1: 200

These settings are used by the FastWay signal (see example of terminal setup)

Run the EA on the same chart with the M15 timeframe

Recommended Input Parameters (balanced risk – there are many traders, but they have a small average profit in points):

AUDNZD,NZDCAD,AUDCAD
Only one symbol? = false
For Autolot use: equity
AutoMM = 2000
Recovery Mode = true
First real deal = 2
Minimum balance $2000
Recommended leverage 1: 200

Test results:

Forex North East Way MT5 Robot

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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