NorthWest EA is an automated Metatrader 4 EA that is Free to Download. It works based on a well-known trend reversal strategy to buy at low and sell at high. It uses a virtual trade to determine position entry and does not use any indicators. It doesn’t require complicated settings because you need to load one of the given set files.

It has a simple formula that works. To overcome false reversal before an actual reversal occurs, ea uses virtual trade to measure the highest and lowest trend, pending stop so that the entry point is not too late or too early, grid averaging with mild martingale lot, widening the step, closing partial losing position to reduce drawdown, and finally, using trailing to generate maximum profit.

1. This Metatrader EA does not require a large deposit to limit risk, and the worst-case scenario is losing small amounts of money. Whether you use a Grid EA or a Non-Grid EA, you still have to limit the amount of your deposit because even with a non-grid EA that uses StopLoss, you can still lose your money if you hit stop loss multiple times.
2. Big profits with a small deposit.
3. It has a low Drawdown. The drawdown shows the accuracy of the Expert advisor in opening positions. With high accuracy, it will not require a large deposit.

Entry point accuracy can be obtained by buying at low and selling at high. Looking for and waiting for the formation of extreme highs for sell and powerful lows for buy requires patience because this can take a day or two or even a week or two, depending on the current trend movement. So this Metatrader 4 EA can go days without taking any trades.

Virtual techniques of this Metatrader 4 Expert Advisor

1. Virtual trades: This virtual technique measures the upper and lower limits of the trend reversal.
2. Virtual Pending Order: This virtual technique places a pending order so that the position entry is not too late or too early. The virtual technique will guarantee that the broker does not easily shift your pending orders (for any reason).
3. Virtual Grid: The virtual technique is used to determine the next open position if the previous open position experienced a loss.
4. Virtual Stoploss and Virtual Takeprofit: Stop loss and take profit on the MT4 client, and it will not appear on the broker’s server, so brokers do not easily detect them.
5. Virtual close partial: EA will calculate profit and loss open positions and close partial the far loss position to reduce the used margin.

It can trade with a fixed lot or use an auto lot and increase the transaction size automatically according to the specified criteria. The maximum drawdown percentage is low for this NorthWest EA, which allows this adviser to be used on a small deposit.

Features of NorthWest EA

Here are some distinctive features of the NorthWest EA:

• Martingale & Grid Strategy: Utilizes a mild martingale lot and grid averaging to control risk.
• Virtual Techniques: These include Virtual Trades, Virtual Pending Orders, Virtual Grid, Virtual Stoploss, Virtual Takeprofit, and a Virtual Close partial feature for precise position management.
• Trailing: Used to secure profits.
• Drawdown Reduction: Employs a strategy to close partial losing positions to reduce the drawdown.
• News Filter: Filters out high-volatility news events to prevent unnecessary risks.
• Money Management: Allows for fixed lot or auto lot trading, adjusting transaction size based on specified criteria.
• Smart Multi Symbol Control: Optimizes trading by managing multiple currency pairs.
• Holiday Control: Manages the EA to avoid trading during specific dates or periods of high uncertainty.
• Account Protection: Features a cut loss mechanism activated by a drawdown in money and percentage to safeguard your account.
• Time Control: Allows users to define trading times, adding a further layer of strategy.

Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Metatrader 4 Robot works, then only use it in a real account.

Recommendations for this Metatrader 4 EA

• Use the smallest possible start balance; in this case, use 100$. If it’s not enough, add funds gradually.
• It works on 20 CurrencyPairs Plus Gold and Silver, and set files for these pairs are included.
• Work best on M15, M30, H1 TimeFrames. (Work on any time frame)
• It would be good to withdraw regularly and have a good money management strategy.
• It takes some time to start on the strategy tester.
• This Metatrader 4 Expert advisor should work on VPS without interruption and with a decent internet connection to reach stable results. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – MyfxVPS)
• Low spread account is also recommended (Find the Perfect Broker For You Here)

Latency: 0.46 ms 2 Weeks Free Trial 100% Free for 24 Months

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The results from live trading can significantly differ from those obtained during backtesting due to several non-functional features during the latter. These include:

1. The NorthWest EA, designed to operate based on virtual trades using global variables, is functional and open during live trading. The global variables on which it relies cannot be utilized during backtesting.
2. The Smart Multi Symbol Control (SMSC), which regulates all charts capable of managing open positions, is another operational feature only during live trades.
3. The news filter, a tool designed to prevent the expert advisor from initiating positions during high-impact news events, also only functions during live trading.

Updated on 2024/08/06

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Conclusion

In conclusion, the NorthWest EA is a Metatrader 4 expert advisor that utilizes virtual trade techniques and precise position management for trend reversal trading. Traders can benefit from its features, including martingale and grid strategies, trailing techniques, and multi-symbol control, to optimize their trading activities on the MT4 platform.