- February 28, 2021
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Hi Forex Wiki Friends,
Pullback Trading System Description :
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.
Timeframe: M15
Base currency pairs: AUDNZD, NZDCAD, AUDCAD
Additional currency pairs: EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, EURCAD.
EA SETUP:
- You can run all the pairs from a single chart using the OneChartSetup (only M15 timeframe)
- This EA is NOT sensitive to spread, slippage or any other broker related variables.
- Use the recommended pairs only.
EA TESTING:
- Use the multi-currency mode of the MT5 tester to simultaneously test the EA on all recommended pairs.
- Watch the video for an example.
- "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.
Broker Requirement :
Pullback Trading System Settings:
Inpt 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):
- AUDNZD,NZDCAD,AUDCAD
- Only one symbol? = false
- For Autolot use: equity
- AutoMM = 2000
- Recovery Mode = true
- First real deal = 3
Minimum balance $1000
Recommended leverage 1:200
These settings are used by the FastWay signal (see terminal setup example)
Recommended Input Parameters (balanced risk):
- OneChartSetup = AUDNZD,NZDCAD,AUDCAD,EURGBP*0.5,EURUSD*0.5,GBPUSD*0.5,USDCAD*0.5,GBPCAD*0.5,EURCAD*0.5
- Only one symbol? = false
- For Autolot use: equity
- AutoMM = 3000
- Recovery Mode = true
- First real deal = 3
Minimum balance $5000
Recommended leverage 1:200
These settings are used by the North East Way and Multi Way signals
Run the EA on the same chart with the M15 timeframe.
Pullback Trading System Results:
Download Pullback Trading System :
The library will work up to build 1320 inclusive. Beta builds are not supported. For example, build 1322 was not announced in the developer's blog. So it is not included in the list of those supported by me.
Installation: drop the file into the root directory of the terminal, next to terminal.exe Then restart the terminal.
Delete: Delete the library file.
[+ForexWikiTrading.com]North East Way EA v1.220
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