North East Way EA it is a fully automated “pullback” trading system, which is especially effective in trading on popular “pullback” 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.
“open prices only” can be used for fast testing, as the EA only uses open prices internally as well
Test on M15 timeframe only
Longterm tests for 5-10 years are recommended to show the EA’s stability during various market conditions.
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 — The greater the value, the less often the trades, but they are better.
Recommended Input Parameters (balanced risk):
Only one symbol? = false
For Autolot use: equity
AutoMM = 2000
Recovery Mode = true
First real deal = 3
Minimum balance $1000 Recommended leverage 1:200 or more