North East Way EA Source code (mq4)

North East Way EA it is a fully automated “pullback” trading system, which is especially effective in trading on popular “rollback” currency pairs: AUDCAD, AUDNZD, NZDCAD. The system uses the main patterns of the Forex market in trading – the return of the price after a sharp movement in any direction.

Timeframe: M15
Currencies: AUDNZD, NZDCAD, AUDCAD

North East Way EASETUP:

• You can run all the pairs from a single chart using the OneChartSetup (onlyM15 chart is recommended)
• The recommended minimum balance for running all pairs is 1000$
• This EA is NOT sensitive to spread, slippage or any other broker related variables.
• Use the recommended pairs only.

North East Way  TESTING:

• Each pair must be tested seperately
• “open prices only” can be used for testing, as the EA only uses open prices internally as well
• Test on M15 only
• Longterm tests are recommended to show the EA’s stability during various market conditions.

Input Parameters

• OneChartSetup — Launching the adviser at once in several currencies from one chart. Currency pairs must be listed with “,”.
• For magic — Prefix for unique magic. Must be between 0 and 99.
• Only One Symbol? — If true, and there are open positions on the account, the adviser does not open new series of orders in another currency.
• For autolot use — Which base should be used by the adviser when calculating the lot: equity or balance.
• Or use fix balance — Or insert a fixed amount of balance in the currency of your deposit.
• AutoMM — if > 0, the EA uses automatic money management when calculating the lot. AutoMM <=1000 — very aggressive. AutoMM >= 5000 — conservative.
• Fix lot if AutoMM=0 — fixed lot for the first deal in a series.
• Recovery Mode — If true, then the adviser closes a series of orders only with profit, but at the same time the logic of work may be violated. If false, then the EA works in accordance with its logic and a series of orders can be closed at a loss.
• Martin Ratio — martingale coefficient for a series of orders.
• First real deal from this level — The greater the value, the less often the trades, but they are better.

Recommended Input Parameters (balanced risk – there are few traders, but they have a high average profit in points):

• AUDNZD,NZDCAD,AUDCAD
• Only one symbol? = false
• For Autolot use: equity
• AutoMM = 2000
• Recovery Mode = true
• First real deal = 3

Minimum balance $1000

Run the North East Way EA on the same chart with the M15 timeframe