Description

North East Way EA – A Practical, Step-by-Step Guide for Traders Who Want Stress-Free Pullback Strategies

North East Way EA Review – How This “Pullback” Robot Trades AUDNZD, NZDCAD & AUDCAD on M15

Table of Contents

1. Introduction North East Way EA
2. What Makes the North East Way EA Different?
3. Core Idea: Trading the Pullback
4. Supported Pairs & Timeframe
5. Quick-Start Checklist
6. Detailed Installation & One-Chart Setup
7. Understanding the Settings
8. Balanced-Risk Preset Explained
9. How to Back-Test Correctly
10. Live Account Tips
11. Frequently Asked Questions
12. Next Steps & Community Access

Introduction

If you have ever opened a chart of AUDCAD or NZDCAD and watched price snap back after an aggressive spike, you have already seen the logic behind the North East Way EA (often written NorthEastWay). This fully automated trading system focuses on pullback currency pairs and runs on the M15 timeframe only. In this article you will learn:

• Why the EA targets pullback moves
• How to set it up on a single chart with OneChartSetup
• The meaning of every input parameter, with plain-English examples
• Back-testing methods that mirror real trading conditions
• Practical money-management rules that keep the strategy balanced and transparent

By the end you will be able to install the adviser, test it on multiple pairs at once, and join the private support group.

What Makes the North East Way EA Different?

1. Multi-Currency Logic

Unlike many robots that trade one pair at a time, North East Way EA can monitor AUDNZD, NZDCAD, AUDCAD and five additional majors from a single chart. This reduces MetaTrader clutter and ensures every trade follows identical logic.

2. Pullback Pattern Recognition

The code watches for sharp legs in either direction, waits for momentum to fade, then places a measured position expecting a partial retrace. Pullbacks occur daily across Forex pairs, so the strategy has frequent but not excessive signals.

3. Low Sensitivity to Broker Conditions

Spread, slippage, and execution speed do not drastically affect results. Traders can therefore focus on settings and risk rather than broker hunting.

4. Built-In Recovery Mode

When enabled, the robot keeps a basket open until a predefined profit is reached, reducing drawdown spikes and emotional decision-making.

Core Idea: Trading the Pullback

1. Impulse Detection – The EA identifies an unusually long candle or sequence of candles on the M15 chart.
2. Confirmation Phase – It waits for price to pause; no chasing.
3. Entry – A first order opens against the initial spike, aiming for a moderate retracement.
4. Position Management – If price continues to stretch, the EA can add positions in measured steps (Martingale ratio defined by the Martin_Ratio).
5. Exit – The basket closes either at the profit target (Recovery_Mode = true) or by its internal logic (Recovery_Mode = false).

Supported Pairs & Timeframe

✅ Recommendation: Start with the three core pairs for at least two weeks, then add others gradually.

Quick-Start Checklist

1. Minimum balance – $1,000 (or cent-equivalent for micro/cent accounts)
2. Leverage – 1:100 or higher
3. Platform – MT4 or MT5, depending on your purchase version
4. Chart timeframe – M15
5. Drag the EA onto one M15 chart (any of the listed pairs)
6. Paste this into OneChartSetup: AUDNZD,NZDCAD,AUDCAD
7. Keep other inputs at the default Balanced Risk values (see next sections)
8. Enable AutoTrading

That’s it—North East Way EA will now watch all listed symbols from that single chart.

Detailed Installation & One-Chart Setup

Step 1 – Move Files

Place the .ex4 or .ex5 file in:MetaTrader ► MQL4 ► Experts (or MQL5 ► Experts)

Step 2 – Restart or Refresh

Restart MetaTrader or right-click ► Refresh in the Navigator.

Step 3 – Attach to Chart

Drag the EA onto a clean M15 chart, for example AUDNZD.

Step 4 – Input Parameters

OneChartSetup = AUDNZD,NZDCAD,AUDCAD
For_magic = 11
For_autolot_use = equity
Or_use_fix_balance = 0
AutoMM = 2000
Fix_lot_if_AutoMM=0 = 0.01
Recovery_Mode = true
Martin_Ratio = 1.7
First_real_C-level = 3

Why OneChartSetup Matters

The EA creates internal “virtual charts”. This cuts CPU load and prevents traders from forgetting to attach the EA to every pair.

Video Walk-Through

A full, narrated setup video is available in the private Telegram room (see Next Steps).

Understanding the Settings

Balanced-Risk Preset Explained

The official author recommends:

OneChartSetup  = AUDNZD,NZDCAD,AUDCAD
For_Autolot_use = equity
AutoMM         = 2000
Recovery_Mode  = true
First_real_C-level = 3
Leverage       = 1:100+

Why it works:

• AutoMM 2000 equates to roughly 0.05 – 0.07 lots per $1,000 on most brokers, offering space for additional levels if pullback takes longer.
• Recovery_Mode true ensures you see green closing tickets, which helps avoid manual interference.
• C-level 3 balances frequency: about 10-20 trades per pair per month on average.

How to Back-Test Correctly

1. Open Strategy Tester ► Multi-Currency mode (MT5) or Every Tick (MT4 with plug-ins).
2. Select M15.
3. Tear off a ten-year window (e.g., 2014–2023).
4. Add AUDNZD, NZDCAD, AUDCAD in the Market Watch and ensure tick data is downloaded.
5. Run with Default/Recommended settings.
6. Export the report to check:
   • Profit factor > 1.7
   • Drawdown under 35 %
   • Monthly profit consistency

📌 Long, 5-10 year tests show how the EA handles Brexit, COVID spikes, and taper-related volatility—use them to gauge real resilience.

Live Account Tips

• VPS or Local? – Because slippage is not critical, a basic VPS (1 GB RAM) is fine.
• Account Type – Standard or ECN both work; commission is a smaller cost than missing pullbacks.
• Monitoring – Review daily for margin level, equity curve, and broker connection—no need to babysit every candle.
• Adding Pairs – After one month of stable results, add EURUSD or USDCAD. Use the same settings to keep risk proportional.
• Withdraw or Reinvest – The EA performs best with compounding; nonetheless schedule monthly withdrawals to lock in gains.

Frequently Asked Questions

Q1: Can I change the timeframe to H1 for fewer trades?A: No. All internal values are hard-coded for M15. Changing timeframe breaks the logic.

Q2: How big can the Martin_Ratio be?A: Technically any number, but above 2.0 risk rises sharply. Stick to 1.5–1.8 when starting out.

Q3: What happens if I close trades manually?A: The EA may open new recovery orders that don’t align with your manual close. Let it manage the basket or turn it off completely first.

Q4: Do I need a special broker?A: No. North East Way EA is not sensitive to spread or slippage as long as the broker offers standard liquidity during Asian & EU sessions.

Q5: How do I receive updated set files?A: Send a private message to the author after purchase; you will be added to the support group where each new set is pinned.

Next Steps & Community Access

1. Purchase North East Way EA from the official market page.
2. Message the author with your proof of purchase.
3. Receive:
   • Invite link to the private Telegram/Discord room
   • Latest set files (.set)
   • PDF walkthrough & video playlist
4. Follow the quick-start checklist above.
5. Share your first week’s results in the group for feedback—fellow traders and the author actively respond.

Ready to put the North East Way EA through its paces? Download, install, and let the coded pullback logic trade while you focus on big-picture analysis.

For additional reading on automated pullback strategies, visit BabyPips – What Is a Retracement? or check MetaQuotes’ official documentation on Multi-Currency Testing.

Vendor Site – Click Here

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