Discover the Power of Automated Pullback Trading
If you’re a Forex trader on the hunt for a reliable automated trading system, your search might just end with the North East Way EA. Available for both MT4 and MT5 platforms, this expert advisor is not only easy to download but also free, making it an accessible option for traders eager to leverage advanced trading strategies without initial investment.
Harness the Strategy of Pullback Trading
The North East Way EA capitalizes on the Forex market’s main patterns by employing a ‘pullback’ trading strategy. This method focuses on capitalizing on the return of the price after a significant directional movement. Such a strategy is particularly effective with specific currency pairs, including AUDCAD, AUDNZD, and NZDCAD, known for their frequent and predictable pullbacks.
Simplified Trading with OneChartSetup
One of the standout features of the North East Way EA for MT4 is the OneChartSetup. This functionality allows traders to manage multiple currency pairs from a single chart, drastically simplifying the trading process and saving valuable time. This feature is particularly beneficial for traders who monitor several pairs but prefer not to get bogged down by numerous charts and indicators.
Optimized for Short-Term Trading
Tailored for the M15 timeframe, the North East Way EA is an ideal solution for traders who specialize in short-term trading. This optimization ensures that traders can make the most out of the minor fluctuations in the currency markets within a concise window, providing frequent trading opportunities.
Resilient to Trading Variables
Another significant advantage of the North East Way EA is its robustness against spread, slippage, and other broker-dependent variables. This resilience ensures that the EA performs consistently across different market conditions and with various brokers, thereby minimizing the risk of strategy failure due to external trading environment factors.
Comprehensive Testing Recommended
To ensure that the North East Way EA meets your trading needs, it is recommended to utilize the MT5’s multi-currency mode tester. This feature allows for simultaneous testing on all recommended pairs, giving a comprehensive overview of the system’s performance across different markets. Traders are advised to conduct these tests over an extended period, ideally between 5 to 10 years, to thoroughly assess the EA’s effectiveness and stability.
Start with a Demo
Before deploying the North East Way EA on a live trading account, it’s crucial to test it on a demo account. A minimum trial of one week is recommended to get acquainted with the system’s mechanics and to understand its nuances fully.
Getting Started
Ready to take your trading to the next level with North East Way EA? Here’s what you need to get started:
- A minimum account balance of $500 with a leverage of 1:500, or $1000 with a leverage of 1:200.
- Best results are achieved on currency pairs such as AUDCAD, AUDNZD, and NZDCAD, although the EA is versatile enough to work with any pair.
- Exclusive use of MT5 is recommended for backtesting, as MT4 may not yield accurate results in the strategy tester.
Conclusion
The North East Way EA offers a promising avenue for Forex traders looking to automate their trading strategy with a focus on pullback trading. With its user-friendly setup, resilience to market variables, and capability for extensive testing, this EA stands out as a powerful tool in the arsenal of any serious Forex trader. Download it for free today to start your journey towards more strategic and profitable trading.
