Forex Robots

NorthEastWay Review: A Truly Expensive Forex Robot

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NorthEastWay

NorthEastWay is a trading solution that works on huge accounts with over half a million dollars under its management. The presentation provides us with explanations about what we have to expect from this system.

The developer’s profile on MQL5

The developer’s profile on MQL5

Pavel Udovichenko is a developer from Russia with an achievement of 1000 signal subscribers. The designer has only four products and twenty-four signals  in his portfolio. He has a 3.7 rating based on 281 reviews.

NorthEastWay strategies and tests

Let’s talk about features, settings, and other important details of the system.

  • The advisor can help us with executing orders completely automatically on the terminal.
  • The price was increased from $8346 to $9987. The next one will be over $12000. We don’t know a reason to set that high pricing.
  • The advisor works with AUDCAD, AUDNZD, EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, EURCAD, and NZDCAD currency pairs.
  • It works with the patterns that are based on pullbacks after the rough market moves.
  • The time frame is M15.
  • Trading is possible from a single chart for all of them at once.
  • The advisor should be tested on the periods of five-ten years to be sure that it’s safe.
  • That’s it. No more intel provided.
NorthEastWay backtest report

NorthEastWay backtest report

There’s a report that unites data from testing three currency pairs. Unfortunately, we don’t know which ones. The modeling quality was 94%. An initial deposit was $100. It turned into $1,009,786 of the total net profit. The maximum drawdown was 14.23%. The profit factor was 3.02. The recovery factor was 4.67. NorthEastWay traded 4395 orders. An average win rate was 75-76%.

NorthEastWay trading account review

NorthEastWay trading account on Myfxbook

NorthEastWay trading account on Myfxbook

NorthEastWay runs an account with over $400,000 on it. The broker house is RoboForex. It works automatically with 1:500 leverage on the MT4 platform. The account has a verified track record. It was created on August 14, 2020, deposited at $421,045.25, and withdrawn at $78,166.

NorthEastWay statistics

NorthEastWay statistics

The advisor has traded 1595 orders with 24,445 pips. An average win is 29.19 pips when an average loss is -31.71 pips. The win rate for longs is 74% and 80% for shorts. An average trade length is 2 days. The profit factor is 3.54. It has increased since our last visit.

NorthEastWay pairs

NorthEastWay pairs

AUDCAD with 419 deals and $21,325 is the most traded pair.

NorthEastWay hourly activities

NorthEastWay hourly activities

It focuses on trading European and a bit Asian trading sessions.

NorthEastWay daily activities

NorthEastWay daily activities

Monday is the most actively traded day with 363 deals.

NorthEastWay risks

NorthEastWay risks

The system works with lowest risks to the balance. To lose 10% of it, the robot has to lose 568 orders in a row.

NorthEastWay closed orders

NorthEastWay closed orders

The system can open several orders with various goals. It also operates with three times different lot sizes.

NorthEastWay monthly profitability

NorthEastWay monthly profitability

We can expect that February will be closed for a profit too.

Pricing

NorthEastWay pricing details on MQL5

NorthEastWay pricing details on MQL5

The current price is $9987 for a single copy of the system. We are not allowed to rent out the system. There’s a possibility to download a demo copy of the robot for free for demo usage only.

Is NorthEastWay a good system to rely on?

We don’t know for sure. The trading profile looks profitable, but the lack of rental options shows that we have to pay an insanely high price to give the system a try.

People feedback

People testimonials on MQL5

People testimonials on MQL5

There are just a few reviews written. It’s because the system is too expensive to get a copy of it.

NorthEastWay

4

NorthEastWay is a trading solution that opens orders on the real market and on a well-deposited account. The advisor has a simple presentation that doesn’t explain much. We have a high price for a single copy of the robot. There are no rental options to give the system a try.

  • A backtest report shared
  • Trading results provided
  • No risk advice given
  • The system uses x3 Martingale in trading
  • It can open many orders in the same direction on a single pair
  • High pricing
  • No rental options provided
  • Lack of people testimonials
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