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Product Description

EA Nova Trade

V3.79

The EA uses 3 different strategies based on news fluctuations. The advisor downloads news from economic sites. The EA takes into account only HIGH and AVERAGE news, trading on their basis. The Expert Advisor uses a smart profit-fixing system.

Backtesting and optimization were carried out on real ticks with a history quality of 99.9%.

Monitoring :  https://www.mql5.com/ru/signals/author/profi_mql

Optimized for EURUSD, AUDUSD, GBPUSD, USDJPY, NZDUSD / H1

For the Expert Advisor to work, you need to open “Service”> “Settings”> “Expert Advisors”. Check the box “Allow WebRequest for the following URLs:”. Add the following: https://ec.forexprostools.com , https://world-time-zone1.com and click “OK”.

The main advantages of the robot

  • Doesn’t use Martingale;
  • Doesn’t use Ilan;
  • Doesn’t use Arbitration;
  • Does not use a Grid;
  • Does not use other risky strategies;
  • Always applies stop loss to protect capital;
  • Based on the original author’s algorithm ;
  • Pending orders only.

Requirements and Recommendations

  • ECN accounts with low spreads;
  • 5-digit quotes;
  • The minimum deposit is $ 100;
  • VPS.

Parameters

  • Show_Info_Panel  – use the information panel ( false  – quick backtest);
  • Order Type  – selection of the direction of trade;
  • Order Comment  – comments to the order;
  • Slippage  – allowable slippage before the order is triggered;
  • Information_graphics  – information on the chart;
  • Max Spread  – the maximum allowable spread before the pending order is triggered;
  • Fixed_Lot  – constant lot (if  Use_Risk_MM is  false);
  • Use_Risk_MM  – if true, the lot size increases with the growth of the account balance (risk management);
  • Percentage_Risk  – increase in the lot size based on the balance (risk management in%);
  • News filter :
    • use_high_news  – trading on high news;
    • use_medium_news  – trade on average news;
    • News_update_every_N_minutes  – news updates in minutes;
    • Minutes_forward_from_high_news  – minutes ahead from high news;
    • Minutes_ago_from_high_news  – minutes ago from high news;
    • Minutes_forward_from_medium_news  – minutes ahead of the average news;
    • Minutes_ago_from_medium_news  – minutes ago from the average news;
    • Line_News_High  – line color for high news;
    • Line_News_Medium  – line color for average news.
  • strategy 1  – enable strategy 1;
  • strategy 2  – enable strategy 2;
  • strategy 3  – enable strategy 3.
    • Step Order  is a step for strategy 3.
  • Take Profit  – take profit common for all strategies;
  • Stop Loss main  – main stop loss;
  • Stop Loss critical  – critical stop loss;
  • Virtual Breakeven stop main  – if the price exceeds this value, breakeven (main) is triggered  ;
  • Virtual Breakeven step main  – stop loss is moved to breakeven at this value  (main) ;
  • Virtual Breakeven stop critical  – if the price exceeds this value, breakeven (critical) is triggered  ;
  • Virtual Breakeven stop critical  – stop loss moves to breakeven at this value  (critical) ;
  • Virtual Trailing Stop main  – trailing points when the position is in profit  (main) ;
  • Virtual Trailing Step main  – trailing step when the position is in profit  (main) ;
  • Virtual Trailing Stop critical  – trailing points when the position is in profit  (critical) ;
  • Virtual Trailing Step critical  – trailing step when the position is in profit  (critical) .

Trading within the week :

  • Monday  – if true, we trade on Monday;
  • Tuesday  – if true, we trade on Tuesday;
  • Wednesday  – if true, we trade on Wednesday;
  • Thursday  – if true, we trade on Thursday;
  • Friday  – if set to true, we trade on Friday.

Trading by time within the day :

  • Use time  – if set to true, trading is timed;
  • Time_Setting  – server time or computer time;
  • GMT_mode  – the mode for determining the offset of the broker’s server time relative to GMT (0 – unused);
  • Every_Day_Start  – start time (hh: mm);
  • Every_Day_End  – work end time (hh: mm).

Shutdown time on Friday :

  • Use time  – if set to true, trading is timed;
  • Time_Setting  – server time or computer time;
  • Disable_in_Friday  – time of the end of work on Friday (hh: mm).

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