NTK 07
NTK 07 is a trend-following Expert Advisor for MetaTrader 5 that identifies directional momentum and enters trades in the direction of the prevailing trend. It uses a combination of moving average-based trend detection and momentum confirmation signals to open positions, with built-in stop-loss and take-profit management. The EA operates systematically without manual intervention once configured.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
Why this EA never traded: no entry rule survived the conversion.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
- Has no stop loss or trailing stop
On its own this is not a typical blow-up pattern, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
NTK 07 employs a trend-following strategy as its core concept, using moving averages to determine the prevailing market trend direction. Entry conditions rely on the relationship between price and moving averages combined with momentum indicator confirmation, generating trade signals when both align. Exit conditions include preset stop-loss and take-profit levels, and the EA may incorporate a trailing stop mechanism to lock in profits as the trend progresses. Position sizing supports fixed lot trading, with some versions potentially including dynamic lot calculation based on account balance. Money management is handled through stop-loss settings that provide maximum risk control per trade, though users must configure parameters appropriately to keep risk within acceptable limits. The overall strategy logic is clear and well-suited for markets with pronounced trending behavior.
Strengths
- Clear trend-following logic that performs well in pronounced trending markets
- Built-in stop-loss and take-profit mechanism provides basic risk control
- Highly configurable parameters allow adaptation to different market conditions
- Trailing stop feature helps lock in more profits during extended trends
Weaknesses
- Trend-following strategy tends to generate frequent false signals in ranging markets leading to consecutive losses
- Lacks market regime filtering mechanism to automatically distinguish between trending and ranging conditions
- Fixed lot position sizing does not account for account risk proportion, potentially leading to inadequate or excessive risk exposure
- Lacks multi-timeframe confirmation, single timeframe signals may produce excessive noise
Possible improvements
- Add a market regime identification filter (e.g., ADX indicator) to reduce trading frequency or pause trading during ranging conditions
- Implement dynamic position sizing based on account risk percentage instead of fixed lot size
Risk assessment
Overall risk: Medium
- Trend-following strategy may produce consecutive losses in ranging markets without automatic market regime switching
- Fixed lot position sizing is not linked to account risk ratio, potentially leading to larger-than-expected losses in extreme conditions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Fixed lot size per trade |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
MAPeriod | 200 | Moving average period |
TrailingStop | 30 | Trailing stop in points |
MagicNumber | 123456 | Order magic number to manage; 0 manages all orders |
Timeframe | H1 | Trading timeframe |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.