Description
North East Way EA V1.306 MQ4
THIS PRODUCT IS ONLY THE SOURCE CODE .MQ4
Introducing the North East Way EA for MT4: Your Ultimate Forex Trading Companion
The North East Way EA is a cutting-edge, fully automated trading system designed to maximize your potential gains in the world of Forex trading. This expert advisor (EA) employs a strategic approach that’s particularly effective when trading popular “pullback” currency pairs, including AUDCAD, AUDNZD, and NZDCAD. Its primary focus is capitalizing on price reversals following sharp movements in any direction, offering you a unique edge in the market.
Key Features:
- Timeframe: The EA operates on the M15 timeframe, allowing for precise and timely trading decisions.
- Currency Pairs: North East Way specializes in AUDNZD, NZDCAD, and AUDCAD, while also supporting additional pairs like EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, and EURCAD for added diversification.
Customizable Inputs:
- OneChartSetup: Trade multiple currencies from one chart, making portfolio management seamless.
- Magic Prefix: Assign unique magic numbers for better organization (0-99).
- Only_One_Symbol: Choose whether to open new positions across different currencies if there are existing ones.
- For_autolot_use: Tailor your lot size calculations based on equity or balance.
- AutoMM: Implement automatic money management with adjustable aggressiveness (0-1000).
- Fix_lot_if_AutoMM=0: Set a fixed lot size for the first deal in a series.
- Recovery_Mode: Decide if the EA should close orders only in profit or follow its default logic.
- Martin_Ratio: Customize the martingale coefficient for series of orders.
- First_real_deal: Adjust the frequency and quality of trades based on your preferences.
Recommended Settings for Balanced Risk: For traders seeking a balanced risk-reward profile, consider these parameters:
- Trade Pairs: 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 or higher
For those with a higher risk tolerance:
- Trade Pairs: AUDNZD, NZDCAD, AUDCAD, EURGBP *0.5, EURUSD *0.5, GBPUSD *0.5, USDCAD *0.5, GBPCAD *0.5, EURCAD *0.5
- Only one symbol: False
- For Autolot use: Equity
- AutoMM: 3000
- Recovery Mode: True
- First real deal: 3
- Minimum balance: $5000
- Recommended leverage: 1:200 or more
The North East Way EA is your passport to a more streamlined and potentially profitable trading journey. With its versatile features and customizable settings, it can adapt to your risk appetite and trading style. Whether you’re a seasoned trader or just starting, this EA is a valuable addition to your arsenal. Try it on the M15 chart, and experience the benefits of automated trading with North East Way EA. Elevate your Forex game today!
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Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
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Great Source Code, recommended