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 (download set)
- Fast Way (download set)
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 terminal setup example)
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
These settings are used by the NorthEastWay signal (see terminal setup example)
Run the EA on the same chart with the M15 timeframe
MT5 Version: NorthEastWay MT5Try the demo now!
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