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.