Nova Range EA V2.13 MT5

Introduction

Nova Range EA V2.13 MT5 is a neural-network-driven Expert Advisor built around the iTransformer architecture. It evaluates multiple aspects of market behavior simultaneously using a trained model that analyzes relationships within sequential market data. The EA operates selectively and opens trades only when current conditions match the patterns learned during training. It does not maintain constant market exposure. Trading activity can vary, with some periods producing no trades and others generating several opportunities in a shorter interval. Risk management is integrated, with every position protected by a predefined stop-loss. The system is designed for straightforward operation using default settings and is fully automated.

Key Features

• Built on the iTransformer neural-network architecture for analyzing complex sequential market data
• Selective trading approach that opens positions only when conditions match the trained model
• Does not use high-risk techniques such as martingale, grid, or position averaging
• Allows a maximum of 2 open positions at the same time
• Every trade is protected by a predefined stop-loss
• Includes time-based and news-related filters to reduce exposure during abnormal price behavior, sharp moves, and gaps
• Supports break-even functionality to protect profits once a trade moves in favor
• Supports trailing stop functionality to lock in profits as the market moves
• Fully automated Expert Advisor designed for default settings operation

Recommended Settings

Trading Pair: XAUUSD
Timeframe: M5
Minimum Deposit: 500 USD
Leverage: 30 or higher
Trading Mode: Hedging
Account Type: Standard, ECN, Raw, Cent, Micro
Signal Risk Level: 0.03 (Expected Drawdown 25%)
Alternative Risk Levels: 0.02 (Expected Drawdown 15%), 0.04 (Expected Drawdown 35%)

Advantages

• Selective execution reduces unnecessary market exposure
• Hard limit of 2 open positions combined with a stop-loss on every trade
• No martingale, grid, or averaging techniques
• Break-even and trailing stop tools help protect and lock in profits
• Time and news filters aim to limit trading during abnormal volatility
• Designed for simple operation with default settings
• Compatible with major account types and currencies

Disadvantages

• Trade frequency can be highly variable, with possible extended periods of no activity
• Limited to XAUUSD on the M5 timeframe according to recommendations
• Expected drawdown ranges from 15% to 35% depending on the selected risk level
• Performance depends on broker conditions, spreads, slippage, and execution quality
• Requires personal testing on demo before live use, as past results do not guarantee future performance
• Distributed exclusively through the MQL5 platform; third-party versions are not authorized

Support & Disclaimer

Support:

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

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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.