The North East Way EA is a fully automated Expert Advisor designed for MetaTrader 5.
It employs a trading strategy that capitalizes on “buy on dips” and “sell on rallies” by waiting for price retracements to normal levels before entering positions aligned with the overall trend.
This approach reduces the risk of entering trades at extreme price points, enhancing the potential for consistent profits.
Key Features
- Platform: MetaTrader 5
- Trading Strategy: Trend-following with retracement entries
- Timeframe: Optimized for 15-minute (M15) charts
- Trading Instruments: Compatible with all Forex pairs and Gold
- Customization: Adjustable parameters include first position, break-even settings, magic number, auto lot usage, recovery mode, inclusion of related symbols, and money management options
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North East Way MT5 v1.309_fix.mq5 (MT5)
Performance Metrics
The following chart provides some detailed insights into how the North East Way EA performed over an extended period of time.
Key Metrics:
Total account gain: +107.14%
Average monthly gain: +6.96%
Drawdown: 18.52%
Trading Chart
The chart below showcases the North East Way EA applied to the USD/JPY M15 currency chart.
The presence of the blue colored symbol in the top right corner of the chart ensures that the robot is fully operational and working.
General Information & EA Inputs
- Trading Platform: Metatrader 5
- Works on the 15-minute trading charts
- Trading Instruments: any Forex pair + Gold
- Adjustable EA Inputs: first position, closing at break-even, magic, auto lot use, recovery mode, include related symbols, money management.
Download EA 🆓
North East Way MT5 v1.309_fix.mq5 (MT5)
Frequently Asked Questions
How Do I Install And Run The North East Way EA In Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder >Experts
- Copy the North East Way MT5 v1.309_fix.mq5 experts file in the Experts folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Expert Advisors)
- Drag the EA to the chart to get started with it!
- Enable the Allow Algo Trading button
Note: It is highly recommended to test the EA on a demo account for at least one month to evaluate its performance and adjust settings according to your trading preferences and risk tolerance.
