NOVA s7 EA V1.0 MT5

Introduction

NOVA S7 EA V1.0 is an automated trading system developed for the MetaTrader 5 platform. It is designed to execute trades automatically based on predefined algorithmic logic. The system focuses on structured market analysis, disciplined entry conditions, and integrated risk management to provide consistent trade execution without emotional interference.

Key Features

• Fully automated trading on MT5
• Built-in Stop Loss and Take Profit
• Fixed lot and risk-based lot sizing options
• Spread and slippage protection filters
• Optional trailing stop and break-even functions
• Customizable trading session filters
• Adjustable maximum open trades
• Compatible with VPS for 24/5 operation

Recommended Settings

• Platform: MetaTrader 5
• Pairs: Major forex pairs (such as EURUSD, GBPUSD)
• Timeframe: M15, M30, or H1 (depending on preset)
• Risk: 1–2% per trade for conservative setup
• Leverage: 1:100 or higher
• Minimum deposit: $500 or more recommended
• Broker: Low-spread ECN broker
• VPS: Recommended for stable execution

Backtest Results

Backtest results typically show steady growth under optimized conditions with controlled drawdown when conservative risk settings are used. Performance depends heavily on spread, slippage, and market volatility. It is strongly recommended to conduct independent backtesting in MT5 Strategy Tester before live trading.

Advantages

• Emotion-free automated execution
• Structured risk management
• Time-saving solution for busy traders
• Customizable parameters
• Consistent rule-based strategy application
• Suitable for diversified trading portfolios

Disadvantages

• Performance depends on broker conditions
• Not immune to drawdowns
• Sensitive to high-impact news events
• Requires proper risk configuration
• VPS may be needed for optimal stability

Installation & Setup Guide

Step 1: Download the .ex5 file.
Step 2: Open MetaTrader 5.
Step 3: Click File → Open Data Folder.
Step 4: Go to MQL5 → Experts and paste the file.
Step 5: Restart MT5.
Step 6: Enable automated trading in Tools → Options → Expert Advisors.
Step 7: Open the recommended chart and timeframe.
Step 8: Drag the EA from Navigator onto the chart.
Step 9: Configure lot size, risk percentage, and spread settings.
Step 10: Ensure AutoTrading is enabled (green button).

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.