This article provides a professional review of the NKV EA MT5 input parameters, explaining how each setting affects trading behavior, risk management, and overall strategy performance. The configuration shown is based on an MFI (Money Flow Index) reversal trading logic, suitable for automated trading on MetaTrader 5.
๐๐๐ย Buy this unlimitedย NKV EA MT5ย product hereย ๐๐๐
๐งฉ Trade Execution Controls
๐ถ Enable Buy Trades: true
- Allows the EA to open BUY positions
- Confirms the strategy supports bullish market entries
๐ถ Enable Sell Trades: true
- Enables SELL positions
- Ensures the EA trades both market directions
๐ถ Allow Both Buy and Sell Simultaneously: true
- EA can hedge or open opposing trades at the same time
- Useful in ranging or volatile markets
- โ ๏ธ Recommended only for brokers that support hedging
๐งฉ Risk & Money Management
๐ถ Lot Size: 0.1
- Fixed lot trading
- Suitable for small to medium accounts
- Not dynamic (no risk-based lot sizing)
๐ถ Magic Number: 123456
- Unique identifier for EA trades
- Essential for managing multiple EAs or manual trades safely
๐ถ Trade Comment: MFI Simple
- Identifies trades in terminal history
- Confirms the EA is based on Money Flow Index logic
๐งฉ Stop Loss & Take Profit Settings
๐ถ Enable Stop Loss: true
- Risk protection is active
๐ถ Stop Loss (Points): 200
- Moderate stop loss
- Balances drawdown control with market flexibility
๐ถ Enable Take Profit: true
๐ถ Take Profit (Points): 400
- Risk-to-reward ratio โ 1:2
- Positive expectancy when win rate > 34%
โ This SL/TP ratio is healthy and professional for automated systems.
๐งฉ MFI Indicator Parameters
๐ถ MFI Period: 14
- Industry-standard MFI setting
- Balanced sensitivity and stability
๐ถ Buy Conditions:
- First Buy Level (Touch): 20
- Second Buy Level (Touch): 23
โก๏ธ Indicates oversold conditions
โก๏ธ Two-step confirmation reduces false signals
๐ถ Sell Conditions:
- First Sell Level (Touch): 75
- Second Sell Level (Touch): 73
โก๏ธ Indicates overbought conditions
โก๏ธ Confirms bearish reversal zones
๐ถ Max Bars to Wait for Second Condition: 20
- Ensures signals remain relevant
- Prevents delayed or invalid entries
๐งฉ Time Filter & Trading Sessions
๐ถ Enable Working Hours Restriction: false
- EA trades 24/7
- Suitable for Forex pairs with continuous liquidity
๐ถ Start Time: 00:00
๐ถ End Time: 23:59
- Full-day trading window
๐ Note: For optimization, session-based filtering (London/New York) could improve performance.
๐งฉ Reverse Mode & Strategy Flexibility
๐ถ Reverse Mode (Vietnamese description): false
- Normal trading logic
- Does NOT invert buy/sell signals
โก๏ธ Reverse mode can be useful for strategy testing or adapting to changing market behavior, but is currently disabled.
๐งฉ Visual & Chart Display Settings
๐ถ Show Visual Information on Chart: true
- Displays Expert Advisorย (EA) status and signals directly on the chart
๐ถ Color Settings:
- Buy Condition Color: Lime
- Sell Condition Color: Red
- Text Color: White
- Reverse Mode Color: Yellow
- License Status Color: Gold
- Expired License Color: Red
๐จ These colors are clear, intuitive, and trader-friendly.
๐งฉ Volume Source for MFI
๐ถ Volume Type for MFI: Tick Volume
- Standard choice in Forex trading
- Reliable where real volume data is unavailable
- Fully compatible with MT5
โ Final Conclusion โ Is This NKV EA MT5 Configuration Good?
Yes, this configuration is technically sound and professionally structured.
๐ถ Key Strengths:
โ Balanced risk-to-reward ratio.
โ Clear MFI-based reversal logic.
โ Dual-condition confirmation reduces false trades.
โ Proper risk protection (SL/TP enabled).
โ Supports both Buy & Sell with hedging.
โ Clean visualization and trade identification.
๐ถ Potential Improvements:
๐ง Add dynamic lot sizing (risk % per trade).
๐ง Use time filters for high-liquidity sessions.
๐ง Optimize MFI levels per symbol and timeframe.
