Are you a Forex trader seeking a robust automated trading solution for the popular “pullback” strategy? Look no further than the North East Way EA, a comprehensive trading system available for both MT4 and MT5 platforms, and best of all—it’s free to download!
Optimize Your Trading with North East Way EA
The North East Way EA is meticulously designed to capitalize on the main patterns of the Forex market, specifically targeting the price return after a sharp movement in any direction. This method, known as “pullback” trading, is particularly effective with the currency pairs AUDCAD, AUDNZD, and NZDCAD.
Key Features of North East Way EA
- OneChartSetup: Run all recommended pairs from a single chart, greatly simplifying the management of multiple currency pairs and saving valuable time.
- Optimized for M15 Timeframe: Ideal for traders who prefer engaging in short-term trading, ensuring quick decisions and faster trades.
- Resilient to Market Variables: The EA performs consistently well regardless of spread, slippage, and other broker-related variables, making it reliable under various market conditions.
Testing and Performance
To gauge the effectiveness of North East Way EA, traders can utilize the multi-currency mode of the MT5 tester to simultaneously test the EA on all recommended pairs. With the system’s reliance on open prices, the “open prices only” mode facilitates rapid and efficient testing. It is advisable to conduct long-term tests ranging from 5-10 years to fully assess the EA’s stability across different market scenarios.
Recommendations for Optimal Use
- Minimum Account Balance: Ensure a balance of at least $500 with 1:500 leverage or $1000 with 1:200 leverage.
- Currency Pairs: Works best on AUDCAD, AUDNZD, and NZDCAD, but is adaptable to any currency pair.
- Timeframe: Exclusively designed for M15.
- Backtesting: Use only MT5 for backtesting as MT4 may not provide accurate results in the strategy tester.
Conclusion
The North East Way EA offers a sophisticated yet user-friendly approach to Forex trading, particularly for those who utilize the pullback strategy. With its advanced features and free availability, it stands out as an indispensable tool for both novice and experienced traders looking to maximize their trading potential on the MT4 and MT5 platforms. Download it today and take your trading to the next level!
