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
- Pullback Strategy: The EA identifies pullback patterns and enters trades when prices revert after significant moves.
- Multiple Currency Pairs: It works effectively on popular pullback pairs: AUDCAD, AUDNZD, and NZDCAD.
- 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:
- Pattern Recognition: The system detects pullback patterns using historical price data.
- Entry Criteria: When a pullback occurs, the EA enters a trade in the direction of the prevailing trend.
- Risk Management: It uses an adaptive lot size based on equity or balance, ensuring controlled risk exposure.
- Profit Target: The EA aims to close trades with profit, but it may violate this rule during recovery mode.
- Martingale: The martingale coefficient determines the size of subsequent orders in a series.
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Additional Resources
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