North East Way: Free MT4 Expert Advisor

Overview

North East Way manages trades using a grid system with a significant martingale multiplier to scale lot sizes. The expert advisor allows for simultaneous trading on multiple symbols to diversify entries and exits. Risk management tools include equity-based lot calculation, a virtual take profit system, and a holiday filter to avoid high-volatility periods. The repository lacks documentation, but the code reveals a grid-based architecture with no hard stop loss.

Multi-symbol trading logic

Adjustable martingale lot multiplier

Equity or balance-based money management

Virtual take profit settings

Holiday trade suspension filter

Details

Author

Yogurt-Peng on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Mean reversion, Grid, Martingale, Multi-strategy, Hedging

Markets

Forex

Timeframes

M15-H1, H4 and above

Risk profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once
Trades without a fixed stop loss

EA files

North East Way1.306_.mq4

Source

github.com/Yogurt-Peng/NorthEastWay

Input parameters

Read from North East Way1.306_.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`_base_`	`string`	`=========Basic settings=========`
`MultiCurrency`	`string`		多货币对逗号隔开
`comment`	`string`	`new`	注释
`FirstPositionp`	`FirstPositiontype`	`1`	多空模式设置
`fastClose`	`bool`	`false`	盈亏平衡时紧急?
`nmbrThisServer`	`int`	`1`	魔术号值：0-99
`holidays`	`NY_Weekends`	`0`	每年的前N天停止交易
`useVirtualTP`	`bool`	`false`	是否使用虚拟止盈
`_mm_`	`string`	`=========Money Management Settings=========`
`MaxOtherMagics`	`int`	`0`	?
`MaxOtherSymbols`	`int`	`0`	?
`BaseForLotCalc`	`TypeBFLC`	`0`	下单手数依据 Equilty（净值）balance（余额）

Show all 21 inputs

Name	Type	Default	Description
`virtBalance`	`double`	`0`	账户货币的额外资金
`fix_balance`	`double`	`0`	或以账户货币使用固定金额
`USD_for_001`	`double`	`1000`	自动手数，激进=1000，保守=5000
`Lots`	`double`	`0.01`	固定手数，自动手数为0时
`_aver_`	`string`	`=========Averaging Settings=========`
`UseUnloss`	`bool`	`false`	是否所有订单?
`LotsMartinp`	`double`	`2.5`	马丁倍数
`_grid_`	`string`	`=========Grid Level Settings=========`
`FirstNumberp`	`int`	`3`	前N单交易过滤

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Yogurt-Peng/NorthEastWay from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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