Mql5 ea review: North East Way EA forward test

[beta]

Mql5 ea review: North East Way EA live performance
Reference :click here
Author live performance:
LIVE Signals:

• North East Way
• NEW2000
• Fast_Way
• FastWay MT5
• MultiWay MT5

North East Way EA is a “pullback” trading system, especially for currency pairs: AUDCAD, AUDNZD, NZDCAD.
It uses grid system for averaging which has potential risks.

Base currency pairs: AUDNZD, NZDCAD, AUDCAD
Additional currency pairs: EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, EURCAD.
Timeframe: OneChartSetup (only M15 timeframe)

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 or more
These settings are used by the FastWay signal

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 or more
These settings are used by the North East Way and Multi Way signals

 

[beta]

I used 3 cent accounts from fbs.com to run forward test on 3 different setting as follows:

Account 1 (Aggressive setting)


Account 2 (Moderate setting, 3 pairs)

Account 3 (Conservative, 9 pairs)

 

[beta]

For conservative trader, please use 0.01 per 10K. You will get 2 to 3% growth monthly.

 

[beta]

Here is the 6 weeks trading performance, so far so good.

 

[beta]

Half year live trading review as follows:

 

[beta]

Here is the honest user review from mql5 official website:
In the last week of September 2022, This EA using Multi way set blew around 20 million of users funds.
All non-US pair was trending down in stronger direction.

A lot of signal followers or EA runner lost 200k+, tears running down their faces, they've lost almost everything.

The EA author said he also lost over 200,000 USD on Monday of his own funds.

 

[alpha]

Learning from mistakes, The ea author realized the losses and move forward. The original three suggested pair will be kept for trading with north east way EA.

 

[alpha]

All signals from EA author were failed.