North East Way EA V1.306 Source Code | Forex Robot | MQ4 Source Code

The North East Way EA V1.306 Source is a fully automated trading system designed for pullback trading on popular currency pairs such as AUDCAD, AUDNZD, and NZDCAD. It capitalizes on the return of prices after sharp movements in any direction. The EA uses key patterns from the Forex market to make informed trading decisions.

North East Way EA V1.306: A Powerful Pullback Trading System

Introduction:The North East Way EA V1.306 is a fully automated trading system designed to capitalize on pullback opportunities in the Forex market. It focuses on specific currency pairs and employs a robust strategy based on price reversals after sharp movements.

Recommended Settings

• Minimum Deposit: $1000
• Timeframe: M15
• Currency Pairs: AUDNZD, NZDCAD, AUDCAD

Key Features

1. Pullback Strategy: The EA identifies pullback patterns and enters trades when prices revert after significant moves.
2. Multiple Currency Pairs: It works effectively on popular pullback pairs: AUDCAD, AUDNZD, and NZDCAD.
3. Stability: The EA is stable across various market conditions, making it suitable for long-term trading.

Strategy

The North East Way EA V1.306 follows a well-defined approach:

1. Pattern Recognition: The system detects pullback patterns using historical price data.
2. Entry Criteria: When a pullback occurs, the EA enters a trade in the direction of the prevailing trend.
3. Risk Management: It uses an adaptive lot size based on equity or balance, ensuring controlled risk exposure.
4. Profit Target: The EA aims to close trades with profit, but it may violate this rule during recovery mode.
5. Martingale: The martingale coefficient determines the size of subsequent orders in a series.

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