Is NorthEastWay EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.

About NorthEastWay EA

NorthEastWay EA is a forex robot available on vendor’s website. The developer of the system is Pavel Udovichenko from Russia. It is an automatic trading robot that opens and closes orders.

According to the vendor, the product can be purchased at the rate of  $8346. He further mentions that there are 5 copies at the rate $5999.

EA Price

NorthEastWay EA claims to give advantage in the financial market with its expert strategy. Here, “the system uses the main patterns of the Forex market in trading – the return of the price after a sharp movement in any direction”.

NorthEastWay EA: Reasons to Avoid this Expert Advisor

Firstly, NorthEastWay EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.

Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.

More so, the customers’ feedback is pretty worrisome. There are many customer reviews on MQL5 where the product is sold of which we see negative replies on the system not trustworthy.

EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below


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Strategy: Scalping

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Currency Pairs: All Pairs

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Strategy: Stop and Reverse

Time Frame: All time frames

Currency Pairs: EUR/USD, EUR/GBP and USD/CHF

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Strategy: Scalping

Time Frame: M1, M5, M15

Currency Pairs: All Pairs

License fee: $147

30 Day Money-back Guarantee

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NorthEastWay EA Trading Strategy

NorthEastWay EA uses price action and counter trend strategies.

Also, the system operates on EURGBP, EURUSD, GBPUSD, USDCAD, GBPCAD, and EURCAD currency pairs. As for timeframe, M15.

Added, the vendor demands new users send him a message to get “set files and additional detailed instructions”.

NorthEastWay EA Trading Results

Here is the trading results of NorthEastWay EA, the system executed 4395 trades on an initial deposit of $100 that brought $1,009,786 of the total net profit. The profit factor was 3.02 when the recovery factor was 4.67. There was a maximum drawdown of 14.23%.

Trading Result

Conclusion: Is NorthEastWay EA a Reliable Forex Robot?

NorthEastWay EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true. The price of the system is massively higher than any other EAs that are sold in the forex market.

More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.

Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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