Description
<h3>Introduction</h3>
<p>The <strong>NKV Mfi Two Step EA V1.0 MT5</strong> is an <strong>automated trading robot</strong> designed for MetaTrader 5 (MT5). It uses a <strong>Money Flow Index (MFI)</strong> based reversal strategy to enter trades only after specific market conditions are met, reducing the chances of false signals. This EA aims for <strong>consistent performance</strong> with controlled risk management, focusing primarily on trading <strong>XAUUSD (Gold)</strong>.</p>
<h3>Key Features</h3>
<ul>
<li><strong>MFI-Based Reversal Strategy</strong>: Uses MFI to detect overbought and oversold conditions for reversals.</li>
<li><strong>Multi-Step Confirmation</strong>: Signals are filtered through multiple checks to improve accuracy.</li>
<li><strong>Dual-Mode Trading</strong>: Automatically places both buy and sell orders depending on market conditions.</li>
<li><strong>Built-In Risk Management</strong>: Every trade has predefined <strong>Stop Loss</strong> (SL) and <strong>Take Profit</strong> (TP).</li>
<li><strong>User-Friendly</strong>: Visual feedback on the chart to indicate trade signals.</li>
</ul>
<h3>Recommended Settings</h3>
<ul>
<li><strong>Platform</strong>: MetaTrader 5 (MT5)</li>
<li><strong>Symbol</strong>: XAUUSD (Gold)</li>
<li><strong>Timeframe</strong>: M5 (5-minute)</li>
<li><strong>Minimum Deposit</strong>: $100</li>
<li><strong>Leverage</strong>: Recommended at 1:30</li>
<li><strong>Account Type</strong>: ECN or Standard MT5</li>
</ul>
<h3>Backtest Result</h3>
<ul>
<li><strong>Total Gain</strong>: ~+500% from verified backtests on live accounts.</li>
<li><strong>Max Drawdown</strong>: Approximately 16.5%.<br>These results show a <strong>consistent profit-making strategy</strong>, although past performance does not guarantee future results.</li>
</ul>
<h3>Advantages</h3>
<ul>
<li>Fully <strong>automated</strong>, with no manual intervention needed.</li>
<li>Uses a disciplined <strong>MFI reversal strategy</strong> to avoid emotional trading.</li>
<li><strong>Low drawdown</strong> approach and <strong>built-in risk management</strong>.</li>
<li>Suitable for both <strong>beginner</strong> and <strong>experienced</strong> traders.</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Designed specifically for <strong>XAUUSD</strong>, limiting its use to this pair.</li>
<li>May <strong>skip trades</strong> in low volatility periods, limiting trade opportunities.</li>
<li>Requires proper <strong>optimization</strong> and <strong>live testing</strong> on demo accounts before using with real funds.</li>
</ul>
<h3>Installation & Setup Guide</h3>
<ol>
<li><strong>Download the EA</strong> (EX5 file) from the provider.</li>
<li>Open <strong>MetaTrader 5</strong>, go to <strong>File > Open Data Folder > MQL5 > Experts</strong>.</li>
<li>Copy the <strong>NKV EA .ex5</strong> file into the <em>Experts</em> folder.</li>
<li>Restart MT5 to load the EA in the <strong>Navigator</strong> window.</li>
<li>Drag the EA onto an <strong>XAUUSD M5 chart</strong>.</li>
<li>Enable <strong>Auto-Trading</strong> and allow trading permissions in the EA settings.</li>
<li>Adjust the <strong>risk settings</strong> and other parameters based on your preferences.</li>
<li>For optimal results, consider running the EA on a <strong>VPS</strong>.</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong><span style="font-size: 12.0pt; line-height: 115%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Disclaimer:</span></strong></h4>
<p><span style="font-size: 12.0pt; line-height: 115%; font-family: 'Calibri',sans-serif; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-IN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management</span></p>
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