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New Way Basic

NEW WAY BASIC is a night scalping EA specifically for GBPUSD. Night scalping EA has a very long history. It can be traced back to 2012 or even earlier. This strategy has been effective for a long time and has many supporters. After two years of extensive and in-depth research, my team has developed New Way Scalper based on the strengths of various night scalping EAs. Among them, the strategy specifically for GBPUSD is named New Way Basic by me and shared with you.

NEW WAY BASIC is suitable for GBPUSD. Since there are no built-in parameters for other currency pairs, using it for other currency pairs may result in poor results due to incorrect settings. EA contains 3 ways to open orders, and all key parameters are built-in. It is simple to set up and easy to use.


If you have any questions about EA settings, you can discuss them here:

Join the public discussion group:   Click here

The signals , please ignore other products and just focus on GBPUSD. The short time of the signals may not be of much help to you.


Please note: EA holds only one order in most cases, but due to the built-in 3 order opening modes, it may hold 3 orders near a certain price in a few cases, which is normal, please don't worry. Each order has a stop loss, an average of 250 transactions per year, and the order holding time is about 4 hours. There is no Martingale, no grid, and other dangerous ways to lose all the principal. Martingale and grid may grow straight for a period of time, and then quickly explode.

We see that there are many EAs in the market that use AI for overfitting. The test looks good, but the real market is losing money. These are not what we want. What we want is an honest EA. An honest EA always grows in twists and turns. The straight upward curve of fitting does not exist here. You need to accept a part of the retracement. The retracement is the inevitable journey to the result of profit.


NEW WAY BASIC specialty:

  1. All parameters have been set, and it is easy to use. Users only need to adjust the lot.
  2. There are 3 built-in order opening modes, which cooperate and complement each other.
  3. Show the transaction results honestly. It will not grow straight up, but will grow in a tortuous but continuous manner.
  4. With news filtering function. UseNewsFilter=true; Whether to use news filtering.
  5. Object-oriented programming, fast program running speed
  6. Can be used together with other EAs
  7. One order at a time, four stop loss protections


application

  • Cycle: H1 (or 5M, data will be called across two cycles)
  • Instrument: GBPUSD
  • Minimum deposit: $50, high risk. Medium risk recommended deposit: $70, 0.01 lot. Low risk recommended deposit: $100, 0.01 lot. Risk warning: Please do not trade with heavy positions.
  • Account: ECN /RaW/STP, (Doo's STP or ECN account, icmarkets raw spread account, ZFX raw spread account, etc.)
  • Recommended broker: IC Markets. Please note: Be sure to use a GMT2/3 Forex broker, as the built-in time parameters use this time zone by default .
  • VPS is recommended


Position setting parameters

  • Risk   = 70. [AutoLots=N,N>=50,] Balance 0.01 lot
  • Fixlot   = 0.01. When AutoLots==0, use Fixlots


Stop profit and stop loss setting parameters

  • StopLoss = 550. Virtual Stop Loss [550]]
  • TakeProfit= 700. Take Profit[500-1000]
  • xunizhisun   = true. Use double stop loss
  • ixuniStopLoss 400. Actual stop loss [400-600]


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Zhi Hao Chang
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Zhi Hao Chang 2024.05.24 01:25 
 

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Version 2.5 2024.05.13
Fixed a Bug, important, please update this version