NorthWest Metatrader 4 EA

NorthWest EA is a free to download automatic Metatrader 4 EA. It functions on the basis of the well-known trend reversal tactic of buying low and selling high. It does not utilize any indicators, determines position entry using a virtual trade, or require extensive settings because you only need to load one of the provided set files.

Its working formula is straightforward. Before a true reversal happens, the ea uses virtual trade to determine the highest and lowest trend, pending stop to ensure that the entry point is not too early or late, grid averaging, with a mild martingale lot, widening the step, closing partial losing positions to reduce drawdown, and finally using trailing to generate profits.

• To reduce risk, this Metatrader EA does not demand a big down payment, and the worst-case scenario is losing modest sums of money. You must set a deposit cap regardless of whether you use a Grid EA or a Non-Grid EA because even if you use a Non-Grid EA with StopLoss, you still risk losing money if you repeatedly hit the stop loss.
• Large gains with a modest investment.
• The Drawdown is modest. The decline demonstrates the expert advisor’s accuracy in opening positions. It won’t need a sizable down payment if the accuracy is great.

By buying at a discount and selling at a premium, entry point precision can be attained. It takes patience to watch for and wait for the construction of extreme highs for selling and strong lows for buying because, depending on the direction of the current trend, this could take a day or two or even a week or two. Therefore, this Metatrader 4 EA has a days-long trade-free streak.

Recommendations

• Use the minimum start balance possible in this instance, which is $100. If not, progressively add more money.
• The set files for these pairs are included, and it works with 20 pairs.
• best results using M15 TimeFrames. (Assemble in any time frame)
• Regular withdrawals and sound money management would be beneficial.
• Starting the strategy tester takes some time.
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).