North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in trade – the return of price after a strong move in either direction.
EA SETUP:
You can run all pairs from a single chart using One Chart Setup (only M15 chart is recommended). The recommended minimum balance for running all pairs is 1000 USD.
This EA is NOT sensitive to propagation, slip, or any other variable related to the broker.
Use recommended pairs only.
EA TESTING:
Each pair must be tested separately. Only open prices can be utilized for testing, as the tool only uses open prices internally. When testing, use M15 only. Long-term tests are recommended to show the stability of AS during various market conditions.
Some input parameters are:
-Recommended time frame: M15
-Recommended currencies: AUDNZD, NZDCAD, AUDCAD
-One chart setup – Launch the advisor at once in several currencies of a chart. Currency pairs must be listed with “,”.
-Just a symbol? – If true, and there are open positions in the account, the advisor does not open a new series of orders in another currency.
-For the use of the car lot – Base to be used by the consultant when calculating the lot: equity or balance.
-Or use the fixed balance – Or insert a fixed amount of balance into the currency of your deposit.
-Auto mm – if > 0, the EA uses automatic money management when calculating the lot.
-Auto mm =1000 – very aggressive. Auto mm >= 5000 – conservative.
-Fixed lot if Auto mm=0 – a fixed lot for the first delivery of a series.
-Recovery Mode – If it is true, then the advisor closes a series of orders only with benefits, but at the same time the logic of the work can be violated. If it is false, then the EA works according to its logic and a number of orders can be closed to loss.
-Martin Ratio – Martingale coefficient for a series of orders.
-The first real deal of this level – The higher the value, the less often the operations, but they are better.
Recommended input parameters (balanced risk):
- Currencies: AUDNZD, NZDCAD, and AUDCAD.
- Just a symbol? = false.
- For the use of Auto lot: equity.
- Car mm = 2000.
- Recovery mode = true mode.
- First real deal = 3.
- Minimum balance 1000 USD.
- Run the EA on the same table with the M15 time frame
Recommended input parameters (aggressive high-risk trading):
- Currencies: AUDNZD, NZDCAD, and AUDCAD.
- Just a symbol? = true.
- For the use of Auto lot: equity.
- Automm = 1000.
- Recovery mode = true mode.
- First real deal = 3
- Minimum balance of $1000 USD.
- Run the EA on the same table with the M15 time frame
In short, we are talking about an EA that takes advantage of the market pullbacks after a strong price movement. The idea is good. What we regret is that the developer does not provide a link to a real account where the robot is working. On the contrary, we offer several test screenshots where it seems that the EA can generate an excellent gain.
As with all EAs, we recommend having a dedicated virtual server or VPS to ensure that all transactions are executed correctly. It is also important to have an ECN account of a reliable and low latency broker so that our orders are executed in the shortest time possible since the robot launches them.
North East Way EA is for sale on the MQL market at a price of 99 USD and is not available for rent. It is advisable to download the demo version available so that you can test the EA, see how it works, and verify that you can get the desired results.