At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

New Way Basic

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 161.25%
7-Day Profit: 161.25%
Support: 24ั…7 via Telegram
Download EA๐Ÿš€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 45.34%
7-Day Profit: 38.65%
Support: Developer
Get EA๐Ÿ†

Overview of New Way Basic

New Way Basic is a cutting-edge night scalping Expert Advisor (EA) designed specifically for the GBPUSD currency pair. It combines the strengths of various successful night scalping methods that have stood the test of time since their emergence in 2012. Its main aim is to provide traders with a reliable and straightforward trading tool, making it accessible even for beginners. ๐Ÿš€

Key Features

  • Specializes in GBPUSD: Optimized for this specific currency pair, ensuring high performance.
  • Built-in Order Opening Methods: Features 3 distinct order opening modes that work in harmony, allowing for better trade management.
  • Risk Management: Designed to maintain low risk with built-in stop loss features and an average trading frequency of 250 trades per year.
  • Honest Trading Results: Acknowledges market retracements as part of the trading journey; it aims for consistent growth rather than unrealistic straight upward trends.
  • News Filtering: Equipped with a news filtering function to minimize adverse trading impacts during volatile news events.

System Settings and Usage

  • Timeframe: Works best on H1 or 5M charts.
  • Minimum Deposit: Recommended minimum deposit is $50 (high risk). For medium and low risk, $70 and $100 are suggested respectively.
  • Account Types: Compatible with ECN/RaW/STP accounts, particularly with brokers like IC Markets.
  • Order Management: Typically holds only one order, but can hold multiple in specific scenarios.

Performance Expectations

New Way Basic prides itself on realistic performance expectations. While it delivers consistent results, traders should be ready to embrace the natural ups and downs of trading. The EA is engineered to avoid dangerous strategies like Martingale or grid trading, promoting a more stable trading approach. ๐Ÿ“ˆ

Conclusion

New Way Basic stands as a powerful tool for Forex traders, especially those focusing on GBPUSD. Its simplicity and built-in functionalities make it a worthy consideration for both novice and seasoned traders seeking to automate their trading strategies while managing risks effectively. ๐ŸŒŸ