NKV Mfi two step EA V1.0 MT5

Introduction

The NKV Mfi Two Step EA V1.0 MT5 is an automated trading robot designed for MetaTrader 5 (MT5). It uses a Money Flow Index (MFI) based reversal strategy to enter trades only after specific market conditions are met, reducing the chances of false signals. This EA aims for consistent performance with controlled risk management, focusing primarily on trading XAUUSD (Gold).

Key Features

• MFI-Based Reversal Strategy: Uses MFI to detect overbought and oversold conditions for reversals.
• Multi-Step Confirmation: Signals are filtered through multiple checks to improve accuracy.
• Dual-Mode Trading: Automatically places both buy and sell orders depending on market conditions.
• Built-In Risk Management: Every trade has predefined Stop Loss (SL) and Take Profit (TP).
• User-Friendly: Visual feedback on the chart to indicate trade signals.

Recommended Settings

• Platform: MetaTrader 5 (MT5)
• Symbol: XAUUSD (Gold)
• Timeframe: M5 (5-minute)
• Minimum Deposit: $100
• Leverage: Recommended at 1:30
• Account Type: ECN or Standard MT5

Backtest Result

• Total Gain: ~+500% from verified backtests on live accounts.
• Max Drawdown: Approximately 16.5%.
  These results show a consistent profit-making strategy, although past performance does not guarantee future results.

Advantages

• Fully automated, with no manual intervention needed.
• Uses a disciplined MFI reversal strategy to avoid emotional trading.
• Low drawdown approach and built-in risk management.
• Suitable for both beginner and experienced traders.

Disadvantages

• Designed specifically for XAUUSD, limiting its use to this pair.
• May skip trades in low volatility periods, limiting trade opportunities.
• Requires proper optimization and live testing on demo accounts before using with real funds.

Installation & Setup Guide

1. Download the EA (EX5 file) from the provider.
2. Open MetaTrader 5, go to File > Open Data Folder > MQL5 > Experts.
3. Copy the NKV EA .ex5 file into the Experts folder.
4. Restart MT5 to load the EA in the Navigator window.
5. Drag the EA onto an XAUUSD M5 chart.
6. Enable Auto-Trading and allow trading permissions in the EA settings.
7. Adjust the risk settings and other parameters based on your preferences.
8. For optimal results, consider running the EA on a VPS.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

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