What is North East Way EA MT4
North East Way EA is a highly advanced and powerful automated trading robot known for its exceptional trading performance over the years. Optimized to trade on currency pairs like AUDNZD, NZDCAD, and AUDCAD, this expert advisor operates exclusively on the M15 timeframe. Designed for serious traders, North East Way EA requires a minimum starting capital of $5,000, making it ideal for those looking to maximize returns with a well-tested, reliable Forex robot.
North East Way EA Features and Functions
- OneChartSetup: Run multiple pairs from one chart (M15 only).
- Broker-independent: Not affected by spread, slippage, or execution delays.
- Compatible pairs: AUDNZD, NZDCAD, AUDCAD recommended (Others optional).
- Designed for low-risk, high-frequency intraday trades.
Key Benefits of Using North East Way EA MT4
🔻 Fully Automated Trading
- No manual intervention required.
- Suitable for passive investors and full-time traders.
🔻 Advanced Risk Management
- Built-in Stop Loss (SL) and Take Profit (TP) functionality.
- Keeps drawdowns under control.
🔻 Professional Strategy Focus
- Trades only on the M15 timeframe for accuracy and consistency.
- Limited currency pairs = deeper market focus.
North East Way EA MT4 Review
1. Myfxbook Live Results
- Verified Myfxbook account with +563.86% total gain.
- Long-term real account trading history.
- Live Signal Myfxbook: Click here
2. Backtest Results:
Has software stability and reliability under different market conditions.
- Initial deposit: 5.000
- Total Net Profit: $2.823.133.86
- Win Rate: 75.80%
- Maximal Drawdown: 75.78%
What’s Included in the EA Package?
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Experts:
NorthEastWay MT4 V1.312_fix.ex4
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How To Set Up EA
🔻North East Way EA is a multi-currency, grid-based Expert Advisor for MetaTrader 4, designed for flexible automated trading with equity-based money management and recovery features. Ideal for traders seeking conservative risk control with averaging strategies.
🔵 1. Basic Trade Settings
| Parameter | Value | Explanation |
|---|---|---|
| Multi-Currency Mode | true |
Trade multiple symbols from a single chart |
| Comment Prefix | new |
Custom trade identifier for easy tracking |
| First Position Type | Long_and_Short |
Opens both buy and sell positions initially |
| Emergency Breakeven Close | false |
No automatic breakeven closing enabled |
✅ Allows flexible long/short trading to capture market moves both ways.
🔵 2. Money Management Settings
| Parameter | Value | Explanation |
|---|---|---|
| Magic Numbers Limit | 0 |
Unlimited EA instances or magic numbers |
| Symbols Limit | 0 |
Unlimited symbols traded |
| Auto Lot Sizing Basis | equity |
Dynamic lot size calculated from account equity |
| Fixed Lot (if AutoMM off) | 0.01 |
Minimal fixed lot size for manual risk control |
✅ Uses equity-based lot sizing for adaptive risk management.
🔵 3. Averaging & Recovery Settings
| Parameter | Value | Description |
|---|---|---|
| Recovery Mode | true |
Activates recovery strategy to manage losses |
| Martin Ratio | 2.5 |
Multiplies lot size by 2.5x on averaged positions |
⚠️ Recovery mode with a Martin ratio of 2.5 speeds up loss recovery by increasing trade size.
🔵 4. Grid Trading Levels
| Parameter | Value | Role |
|---|---|---|
| Grid Activation Threshold | 3 |
Grid trades begin after 3 initial positions |
Grid averaging starts after several initial trades, providing market direction flexibility.
Conclusion
In summary, North East Way EA MT4 is a sophisticated and powerful automated trading robot designed for traders who seek high-frequency, low-risk intraday trading on select currency pairs like AUDNZD, NZDCAD, and AUDCAD. Optimized for the M15 timeframe, this Expert Advisor combines a grid trading strategy with advanced money management and recovery features, making it ideal for serious investors with a minimum capital of $5,000 aiming for consistent and substantial returns.
>>> Reviewed by Jason Stap <<<
