NKV EA MT5 with SetFiles | Unbounded

What is NKV EA MT5?

NKV EA MT5 is an automated trading system built on a disciplined reversal strategy designed to trade both bullish and bearish market conditions with precision and stability. It uses multi-step confirmation, predefined stop-loss and take-profit levels, and structured entry validation to maintain consistent performance. With continuous market monitoring and controlled risk exposure, NKV EA focuses on adaptability, capital protection, and long-term trading reliability in real-market conditions.

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Main Features of NKV EA MT5

• Dual-Direction Trading: Executes both buy and sell positions to adapt to changing market direction
• Structured Reversal Logic: Targets price turning points through disciplined reversal identification
• Built-In Risk Control: Every trade uses predefined Stop Loss and Take Profit for consistent exposure
• Continuous Market Monitoring: Operates across the full trading day for opportunity detection
• Clear Trade Identification: Unique labels enable safe usage alongside multiple EAs
• Visual Trade Feedback: Displays signal status directly on the chart for transparency
• Precision Entry Rules: Sequential validation helps filter low-quality signals

Additional Features

• Noise Reduction: Avoids high-risk methods like grid systems, martingale, or averaging to minimize overtrading
• MFI Reversal Detection: Uses overbought/oversold zones to capture potential price reversals
• Multi-Step Confirmation: Additional filters reduce false entries in volatile markets
• Balanced Risk–Reward: Structured SL/TP ratios support positive expectancy over time
• Fixed Protective Levels: Consistent stop-loss rules help control drawdown
• Adaptable Behavior: Performs in both ranging and volatile environments
• Hands-Free Operation: Automated execution eliminates emotional decision-making

Why Choose NKV EA MT5?

• Trades both bullish and bearish reversals for broader market coverage
• Risk-aware design with fixed SL and TP for disciplined exposure control
• No martingale, no grid, and no aggressive lot scaling strategies
• Clear, rule-based system suitable for traders seeking reliability and transparency
• Designed for long-term consistency rather than short-term gambling
• Useful for multi-EA portfolios thanks to unique trade labeling and clean logic
• Ideal for traders who value adaptability, capital protection, and structured automation

NKV EA MT5 Myfxbook Results

• Initial Deposit: $1,587,36
• Total Gain: +503.24%
• Daily Growth: 1.13%
• Monthly Growth: 40.04%
• Maximum Drawdown: 16.50%

NKV EA MT5 Myfxbooks

NKV MT5 Myfxbook

NKV EA Myfxbook

What’s Included in the Download Package?

• Experts: NKV EA_fix.ex5
• SetFiles: MFI_XAUUSD_M5.set

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How To Set Up EA

🔺NKV EA MT5 is an automated trading robot for the MetaTrader 5 platform, designed for Forex trading using the Money Flow Index (MFI) indicator. The EA supports both Buy and Sell orders, integrates risk management, and allows for flexible customization to suit different trading strategies and market conditions. Below are instructions on how to properly install and configure NKV EA MT5 to ensure optimal performance and consistent trading results.

setting

Step 1: Install NKV EA MT5

1. Open MetaTrader 5
2. Go to File → Open Data Folder
3. Navigate to:
   MQL5 → Experts
4. Copy the NKV EA MT5 (.ex5) file into the Experts folder
5. Restart MetaTrader 5
6. In the Navigator panel, locate NKV EA MT5
7. Drag the EA onto your desired chart

✅ Recommended: Use Forex pairs with good liquidity (e.g., EURUSD, GBPUSD, XAUUSD).

Step 2: Enable Auto Trading

➡️Before running the EA, make sure:

• AutoTrading button is enabled (green)
• In EA Properties → Common:
  • ✔ Allow Algo Trading
  • ✔ Allow DLL Imports (if required)
  • ✔ Allow modification of Signals settings

Step 3: Recommended Input Settings for NKV EA MT5

• Below are the standard and safe configuration settings, based on the EA design shown in the image.

➤General Trading Settings

• Enable Buy trades: true
• Enable Sell trades: true
• Allow both Buy and Sell simultaneously: true
• Lot Size: 0.1
• Magic Number: 123456 (use a unique number per chart)
• Trade Comment: MFI Simple

➤Risk Management Settings

• Enable Stop Loss: true
• Stop Loss (Points): 200
• Enable Take Profit: true
• Take Profit (Points): 400

📌 Tip: Adjust SL/TP based on symbol volatility and timeframe.

➤MFI Indicator Settings

• MFI Period: 14
• Volume Type for MFI: Tick Volume

➤Buy Conditions (MFI Touch Levels)

• First Buy Condition Level: 20
• Second Buy Condition Level: 23
• Max Bars to Wait for Second Condition: 20

➡️ Logic: The EA waits for MFI to touch the first oversold level, then confirms entry when the second level is reached within the defined bar limit.

➤Sell Conditions (MFI Touch Levels)

• First Sell Condition Level: 75
• Second Sell Condition Level: 73

➡️ Logic: The EA identifies overbought conditions and confirms reversal before opening Sell trades.

➤Trading Time Settings (Optional)

• Enable Working Hours Restriction: false
• Start Time: 00:00
• End Time: 23:59

🕒 You can enable this feature to avoid trading during low-liquidity sessions or news hours.

➤Visual & Display Settings

• Show Visual Information on Chart: true
• Buy Condition Color: Lime
• Sell Condition Color: Red
• Text Color: White
• Reverse Mode Color: Yellow
• License Status Color: Gold
• Expired License Color: Red

➡️These settings help you visually monitor EA behavior directly on the chart.

Step 4: Best Timeframes for NKV EA MT5

• Recommended timeframes: M15, M30, H1
• Avoid very low timeframes (M1–M5) unless you have optimized the parameters.

Step 5: Risk & Optimization Tips

• Use one EA per chart
• Do not share the same Magic Number across symbols
• Start on a demo account before live trading
• Optimize parameters for each symbol if needed
• Use proper account leverage (1:100 or higher recommended)

Conclusion

In summary, NKV EA MT5 delivers a disciplined reversal-trading approach built around structured confirmations, fixed protective levels, and dual-direction market coverage. By combining MFI-based reversal detection with multi-step filters, predefined SL/TP, and continuous market monitoring, it avoids risky tactics such as grid or martingale while maintaining stable, rule-based performance. Designed for adaptability, transparency, and capital protection, NKV EA MT5 is an excellent choice for traders seeking long-term consistency, controlled risk, and reliable automated trading across changing market conditions.

>>> Reviewed by Jason Stap <<<