NorthEastWay MT5
- Timeframe: M15
- Major currency pairs: AUDNZD, NZDCAD, AUDCAD
- Additional currency pairs: EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, EURCAD.
After purchasing the advisor, be sure to write me a private message. I am ready to help each customer to install and configure it. If you have never used trading robots before, I will show you everything and teach you how to use them.
Setting up an advisor
- The EA can work with all pairs from one chart using the OneChartSetup setting (only on the M15 timeframe)
- The EA is NOT sensitive to spread, slippage, and other brokerage factors.
- Use only recommended pairs.
Expert Advisor testing
- To simultaneously test the EA on all recommended pairs, use the multicurrency mode in the MetaTrader 5 tester.
- For quick testing, the “Open prices only” mode is suitable, since the EA also uses only open prices
- Test only on the M15 timeframe
- It is recommended to test it for long periods, 5-10 years, to see the stability of the EA in different market conditions.
External parameters of the advisor
- OneChartSetup – launching an Expert Advisor simultaneously on several instruments from one chart. Specify a list of currency pairs separated by commas (“,”).
- For magic is a prefix for a unique magic number. A value from 0 to 99.
- Only One Symbol? – if the parameter is set to true, then if there are open positions on the account, the EA will not open a new series of orders for another pair.
- For autolot use – automatic lot calculation mode: based on funds on the account (equity) or balance.
- Or use fix balance – or specify a fixed balance value in the deposit currency.
- AutoMM – if> 0, the EA will apply automatic money management when calculating the lot. AutoMM <= 1000 is a very aggressive strategy. AutoMM> = 5000 is a conservative strategy.
- Fix lot if AutoMM = 0 – fixed lot for the first deal in the series.
- Recovery Mode – if set to true, the EA will close all deals only with a profit, but the logic of its work may be violated. If the parameter is set to false, the EA will work according to its own logic, and a series of orders can be closed at a loss.
- Martin Ratio – martingale ratio for a series of orders.
- First real deal from this level – the higher the value, the less often the advisor will open deals, but the quality of deals will be better.
Recommended inputs (balanced risk)
- AUDNZD, NZDCAD, AUDCAD
- Only one symbol? = false
- For Auto lot use: equity
- AutoMM = 2000
- Recovery Mode = true
- First real deal = 3
The minimum balance is $ 1,000, the recommended leverage is 1: 200 and higher.
An Expert Advisor with such settings works on the Fastway signal ( see the example of setting up the terminal ).
Recommended inputs (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
The minimum balance is $ 5,000, the recommended leverage is 1: 200 and higher.
These settings are used on North East Way and Multi-Way signals.
Launch the Expert Advisor on a chart with the M15 timeframe. Email me after purchasing the advisor. I will send you set files with all my settings.
MetaTrader 4 version: NorthEastWay MT4
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