Available soon
Loading product…
NorthEastWay is a fully automated MT5 expert advisor that looks for price returning after a sharp move, mainly on AUDNZD, NZDCAD and AUDCAD on the M15 chart. It opens series of orders with adjustable money management and recovery options.
Get one message the moment it launches, with its price.
NorthEastWay is an automated expert advisor for MetaTrader 5 that trades pullbacks: it looks for price to return after a sharp move in one direction and opens positions to take advantage of that return.
The logic rests on the idea that after a fast move, price on some currency pairs often retraces part of the distance. When the entry filter is satisfied, the EA opens a first trade and, if price keeps going against it, can add further orders as a series. The lot size of later orders is scaled by a martingale ratio that you can adjust. A series is closed according to the EA's own logic, or only in profit if recovery mode is switched on.
One input controls how selective the entry filter is. A higher value means fewer trades, which the author describes as being of better quality. Treat that as a design intention rather than a promise about results.
Stick to the recommended pairs. You can load all of them from a single M15 chart by listing the symbols in the OneChartSetup input, separated by commas.
The main inputs are listed below. The reference values are for a balanced risk profile; confirm them against the current documentation you receive after purchase.
| Input | Purpose | Reference value |
|---|---|---|
| OneChartSetup | Symbols to trade from one chart | AUDNZD,NZDCAD,AUDCAD |
| For_magic | Magic number prefix, 0 to 99 | Choose a unique value |
| For_autolot_use | Base for lot calculation: equity or balance | Equity |
| AutoMM | Automatic lot sizing; lower values are more aggressive, higher values more conservative | 2000 |
| Fix_lot_if_AutoMM=0 | Fixed lot for the first trade of a series | Set by you |
| Recovery_Mode | Close a series only in profit when enabled | True |
| Martin_Ratio | Lot multiplier within a series | Check the documentation |
| First_real_C-level | Entry selectivity | 3 |
There is also an option to base the lot calculation on a fixed balance figure in your deposit currency instead of the live balance or equity.
Series-based systems with a martingale element can build large open positions during a prolonged one-way move. Recovery mode can keep a series open for longer, which may increase drawdown. Choose a lot setting you can sustain through a long losing series, and do not use money you cannot afford to lose.
Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo account first and size positions conservatively.
Account requirements such as minimum balance and leverage depend on your settings and broker, so verify them in testing before trading live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Pullback / mean reversion with order series |
| Main pairs | AUDNZD, NZDCAD, AUDCAD |
| Other listed pairs | EURUSD, USDCAD, GBPUSD, EURCAD, EURGBP, GBPCAD |
| Timeframe | M15 only |
| Reference account | About 1000 USD balance, leverage 1:100 or higher |
| Money management | Auto lot (equity or balance) or fixed lot |
No reviews yet. Customers who own NorthEastWay MT5 can review it here.
No. It is built for MetaTrader 5 only, and there is no MT4 build. Make sure your broker offers an MT5 account before buying.
The main pairs are AUDNZD, NZDCAD and AUDCAD, with EURUSD, USDCAD, GBPUSD, EURCAD, EURGBP and GBPCAD listed as additional options. The system is designed for the M15 timeframe, so do not attach it to other timeframes.
Yes. The OneChartSetup input accepts a comma-separated list of symbols, so one M15 chart can manage several pairs. Check that every symbol name matches your broker's naming, including any suffix.
It has a martingale ratio input for series of orders, and a recovery mode that closes a series only in profit. This increases drawdown risk when price keeps moving against a series. Test with conservative lot settings first.
The reference settings point to a balance of around 1000 USD and leverage of 1:100 or more. Your own requirement depends on the AutoMM value, broker conditions and how many pairs you run, so confirm it in the tester and on a demo account.
Use the multi-currency mode of the MT5 Strategy Tester on the recommended pairs at M15, over several years of data, then run it on a demo account. Tester results do not predict live results.
NorthEastWay MT5
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT5 tools with a similar focus.
Own NorthEastWay MT5? Sign in to review it.