North East Way EA V1.306 Source Code

Description

The North East Way EA V1.306 is an Expert Advisor (EA) for MetaTrader 4 (MT4) that likely uses an algorithmic trading strategy to automate trading decisions. The version V1.306 suggests it’s a newer iteration of the EA, possibly with updates or bug fixes compared to previous versions.

If you are specifically asking for the source code of this EA, it’s important to note that providing the actual source code for proprietary or commercial EAs (like the North East Way EA) is typically not permissible unless explicitly provided by the EA’s developer or vendor.

However, I can provide an overview of what this EA might entail, explain how it might work, and give guidance on how you can potentially get access to the source code if it’s available.

1. Overview of North East Way EA V1.306:

While there is no publicly available, detailed description of the North East Way EA V1.306 specifically, based on the name, it’s possible that it employs a certain trading strategy or combination of indicators. EAs like this usually trade automatically based on predefined technical analysis strategies.

Some key points this EA may focus on could include:

• Trend-following: It could identify trends and make trades accordingly (buy in an uptrend, sell in a downtrend).
• Breakout Strategy: It might trade breakouts, entering trades when the price moves beyond certain support or resistance levels.
• Scalping or Swing Trading: Depending on its strategy, it could aim for small profits (scalping) or larger moves (swing trading).
• Risk Management: Likely includes risk management features like stop-loss (SL), take-profit (TP), trailing stops, and dynamic position sizing.
• Timeframe and Pair Optimization: The EA might be optimized for certain timeframes (e.g., M15, H1) and currency pairs (e.g., EUR/USD, GBP/USD).

---

2. How to Get the Source Code of North East Way EA V1.306:

If you’re interested in getting the source code for North East Way EA V1.306, here are a few potential steps you can take:

Step 1: Check the EA’s Vendor

• If you purchased or downloaded the North East Way EA from a specific vendor or platform, they might provide you with access to the source code, especially if you bought a version that includes the code. Some EAs come with a source code option for those who wish to modify or customize the EA.

Step 2: Contact the Developer

• If you don’t have access to the source code and need it for customization or understanding, try contacting the developer or the official distributor of the EA. Developers sometimes provide the source code for a fee or as part of a higher-tier version of the product.

Step 3: MQL5 Market

• Some EAs can be found on the MQL5 Market, where you can purchase or get free versions of EAs. In some cases, the source code is available to buyers, but this depends on the specific terms provided by the developer.

Step 4: Modify the EA (If You Have the Code)

• If you already have access to the source code of North East Way EA V1.306, you can modify it yourself. MT4 allows you to open the .mq4 file (source code) in the MetaEditor to make changes to the logic, indicators, risk settings, and other features. If you’re not familiar with MQL4 programming, you can hire a developer to assist with modifications.

---

3. Understanding the Structure of the Source Code (If You Have Access):

If you do get access to the source code, it will typically include the following sections:

• Initialization (OnInit): The section where settings, variables, and other parameters are initialized when the EA is launched.
• Deinitialization (OnDeinit): A cleanup section where any necessary de-initializations take place when the EA is removed from a chart or the platform is closed.
• Main Trading Logic (OnTick): This is the heart of the EA, where all trading decisions are made based on market conditions. It listens for price changes (ticks) and executes buy/sell orders, adjusts stop-loss and take-profit levels, and monitors open trades.
• Indicators & Signals: The EA may use indicators like Moving Averages, RSI, MACD, or custom-built algorithms to identify trade signals. These would be coded as part of the main logic.
• Risk Management: Risk management parameters such as stop-loss, take-profit, and position sizing are typically coded into the EA to protect the account balance.
• Custom Functions: The EA may also contain custom functions that handle specific tasks, such as calculating the lot size, adjusting take-profit levels, or identifying specific patterns.

---

4. Learning MQL4 to Customize the EA:

If you are looking to customize the EA or modify its settings based on the source code, learning MQL4 (MetaQuotes Language 4) can be beneficial. Here’s how you can get started:

• MetaEditor: This is the integrated development environment (IDE) in MT4 where you can open, edit, and compile MQL4 code.
• MQL4 Documentation: MetaTrader has a rich set of documentation on the MQL4 programming language, including code examples, functions, and tutorials to help you understand how to work with EAs.
• Online Forums: The MQL5 community has an active forum where traders and developers discuss coding, troubleshooting, and optimizing EAs. You can seek advice and share your own experiences.
• Hire a Developer: If you’re not familiar with coding, you could hire an MQL4 developer to modify the source code according to your specific needs.

---

5. Considerations for Using and Modifying the Source Code:

• Legality: Ensure you have the right to access and modify the EA’s source code. If it’s proprietary or copyrighted, it might be illegal to modify it without permission.
• Performance Impact: When making changes to an EA, especially if you’re adding new indicators or modifying logic, ensure that it doesn’t negatively affect performance, especially in live market conditions.
• Testing: Always backtest your modifications before using them live. Testing helps ensure that the changes you’ve made improve performance or don’t introduce errors.
• Risk Management: If you plan to adjust risk management parameters, be cautious. Always test on demo accounts before applying any changes to live accounts.

---

Conclusion:

The North East Way EA V1.306 could be a powerful tool for automated trading, and if you’re seeking the source code, you’ll need to check with the developer or vendor who provides the EA. Modifying the code allows for customization, but it requires knowledge of MQL4 programming. Ensure that you test any modifications thoroughly before using them in live trading to minimize risks.

If you need more specific assistance, such as understanding the structure of the code or learning how to modify certain parts of it, feel free to ask!

===========================================================

MORE ROBOTS and MANUAL TRADING SYSTEM UNLIMITED VERSION

Telegram Channel :https://t.me/AtomFXStores

Telegram Contact :  https://t.me/AtomFXStore

Email : atomfxstore@gmail.com

Instant Download

Your files will be available to download once payment is confirmed.

Instant download items don’t accept returns, exchanges or cancellations. Please contact the seller about any problems with your order.

You can pay with also Indian Payment Methods Like BHIM, Paytm, Google Pay, PhonePe or any Banking UPI app On Buyer Request.

Send payment screenshot to:

Telegram: https://t.me/AtomFXStore

Mail Us: atomfxstore@gmail.com

Payment After we will provide product within 90 minutes.

If you want any proofs of Indicator or have any questions then feel free to message

Thank You

Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

 

No Refund

Instant download items don’t accept returns, exchanges or cancellations. Please read Refund Policy carefully or contact the seller about any problems with your order.