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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
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
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 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 It was created on August 14, 2020, deposited at $421,045.25, and withdrawn at $78,166.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
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
AUDCAD with 419 deals and $21,325 is the most traded pair.
NorthEastWay hourly activities
It focuses on trading European and a bit Asian trading sessions.
NorthEastWay daily activities
Monday is the most actively traded day with 363 deals.
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
The system can open several orders with various goals. It also operates with three times different lot sizes.
NorthEastWay monthly profitability
We can expect that February will be closed for a profit too.
Pricing
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
There are just a few reviews written. It’s because the system is too expensive to get a copy of it.
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