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FastWay EA is an MT5 expert advisor that trades mean reversion with a grid on correlated currency pairs such as AUDCAD, AUDNZD, NZDCAD and EURGBP. It needs a hedging account and an always-on VPS.
Get one message the moment it launches, with its price.
FastWay EA is a fully automated expert advisor for MetaTrader 5. It is built around mean reversion: it looks for price moving away from its average on a small group of correlated currency pairs and aims to trade the move back, using a grid of orders.
The EA opens positions when a pair has moved strongly in one direction and adds further orders in a grid pattern as price extends. The developer states that the grid does not use martingale, meaning position sizes are not doubled after a loss. You should still confirm lot sizing behaviour in a demo test before going live.
Besides the quotes of the traded pairs, the EA uses outside information: volatility in global stock markets, volatility of currency futures for the base currencies, and volatility and direction signals from the options market. This data comes from an external analytics server, so the terminal must be allowed to contact it.
By default the EA has an exit mechanism that can close trades at a loss when a drawdown lasts a long time, instead of holding positions indefinitely. This limits how long a basket stays open, but it also means losses can be realised. Check how this option is described in the inputs.
The main symbols are AUDCAD, AUDNZD, NZDCAD and EURGBP. Your broker may add suffixes to symbol names, so check that the names match what the EA expects. The timeframe is not stated in this listing, so follow the setup guide supplied with the product.
Exact input names and defaults can change between versions, so read the Inputs tab of the copy you download. The areas below are the ones worth checking first.
| Area | What to check |
|---|---|
| Symbol list | Leave it for a single-chart launch, or clear it when running one chart per pair |
| Lot size and risk | Match the position size to your balance and your own loss limit |
| Grid behaviour | Number of orders and spacing between them, if exposed |
| Loss exit | Whether the drawdown exit is on and how it is triggered |
| External data | The server address you must allow in the terminal options |
Grid strategies can hold several open positions at once, and a strong one-way move in a pair can produce a large floating loss. Correlated pairs may move against the EA at the same time. Test on a demo account first, and use a lot size you can afford to lose.
Trading carries risk, and you can lose some or all of your capital. Past results, including any live signal or backtest, do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Mean reversion with a grid, no martingale as stated by the developer |
| Main markets | AUDCAD, AUDNZD, NZDCAD, EURGBP |
| Timeframe | Not specified here; follow the setup guide supplied with the product |
| Broker | Low-spread broker recommended |
| Deposit and leverage | Developer's guidance for defaults: about 1500 to 2000 USD, leverage 1:100 or more |
| Other requirements | VPS for 24/7 running; terminal permission for the external data server |
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No. This listing is for MetaTrader 5. It also needs a hedging account type, so check your account type with your broker before buying.
There are two approaches. Either attach it with default settings to one chart, or clear the symbol list in the inputs and attach it separately to AUDCAD, AUDNZD, NZDCAD and EURGBP charts. Running default settings on all four charts is described as the wrong way to launch it, because each copy would then handle the whole symbol list.
The EA uses market data from an external analytics server, so you must allow that address in the terminal's Expert Advisors options (Tools, Options, Expert Advisors). Use the exact address given in the developer's setup instructions.
The developer lists a VPS as mandatory for the default setup, because a grid system must be monitored and managed continuously. A stable connection matters more than a powerful server.
A broker with low spreads and a hedging account is advised. The developer's guidance for default settings is a deposit of roughly 1500 to 2000 USD with leverage of 1:100 or more. Confirm the current figures in the setup guide and test on a demo account first.
Yes, the EA has money management and risk control inputs. Settings differ between versions, so read the input descriptions in the Inputs tab and the supplied guide before changing anything.
FastWay EA
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