North East Way EA is an MT5 and MT4 EA FREE to download. If you are a Forex trader looking for an automated trading system that effectively trades on popular “pullback” currency pairs, NorthEastWay might be the solution you need. This fully automated trading system is designed to use the main patterns of the Forex market in trading, specifically the return of the price after a sharp movement in any direction. This strategy is known as “pullback” trading, and it can be especially effective in the currency pairs AUDCAD, AUDNZD, and NZDCAD.
One of the key features of North East Way EA MT4 is its ability to run all the recommended pairs from a single chart using the OneChartSetup. This is an excellent advantage as it saves time and simplifies managing multiple currency pairs. Moreover, the system is optimized for the M15 timeframe, making it an ideal choice for traders who prefer shorter-term trading.
Another important feature of NorthEastWay EA is its resilience to spread, slippage, and other broker-related variables. This means that the system can perform well under various market conditions, regardless of the broker used by the trader.
To test the performance of North East Way EA, the multi-currency mode of the MT5 tester can be used to test the EA on all recommended pairs simultaneously. As the system only uses open prices internally, the “open prices only” mode can be used for fast testing. It is recommended to perform long-term tests for 5-10 years to evaluate the stability of the EA during various market conditions.
Recommendations for North East Way EA MT4
Minimum Account Balance of 500$ in 1:500 leverage or 1000$ in 1:200 Leverage.
Work Best on AUDCAD, AUDNZD, and NZDCAD (Work on any currency pair)
Work Only on M15.
Only use MT5 for Backtesting since MT4 doesn’t work correctly in the strategy tester.
This NorthEastWay MT4 EA should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS