Nova Smart Trader EA #045
USD 4,500
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- Nova Smart Trader EA #045
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- Nova Smart Trader EA – User Manual
- 1. Overview
- Nova Smart Trader is an MT5 Expert Advisor that combines multiple factors into an “AI
- score” to identify high-probability trades.
- The strategy integrates:
- • MACD for momentum confirmation
- • RSI for overbought/oversold bias
- • VWAP (Volume-Weighted Average Price) as a fair-value reference
- • Volume Pressure for liquidity confirmation
- • ATR for dynamic stop-loss, take-profit, and trailing stop
- It is designed to filter trades intelligently and adjust lot size based on risk or fixed size.
- 2. Entry & Exit Logic
- • AI Score Calculation:
- A weighted model scores market conditions (0 to 1).
- o If score ≥ Buy Threshold → Bullish bias
- o If score ≤ Sell Threshold → Bearish bias
- • Additional confirmations:
- o Buy Trade:
- ▪ AI score ≥ Buy Threshold
- ▪ MACD histogram crosses upward
- ▪ RSI ≥ Buy Level
- o Sell Trade:
- ▪ AI score ≤ Sell Threshold
- ▪ MACD histogram crosses downward
- ▪ RSI ≤ Sell Level
- • Stop Loss / Take Profit:
- Both are calculated dynamically using ATR multipliers.
- • Trailing Stop:
- Uses ATR to lock in profits as the trade moves in favor.
- 3. Parameters
- General• EA Name – Label used in trades.
- • Magic Number – Unique ID for orders.
- • Slippage – Allowed price deviation in points.
- • Only New Bar – Ensures signals trigger only once per candle.
- Risk Management
- • Use Risk % – True = lot size auto-calculated by risk.
- • Risk Percent – % of account balance at risk per trade.
- • Fixed Lots – Used if “Use Risk %” is false.
- ATR Settings
- • ATR Period – Default 14.
- • SL Multiplier – ATR × factor for Stop Loss.
- • TP Multiplier – ATR × factor for Take Profit.
- • Trailing Stop Multiplier – ATR × factor for dynamic trailing.
- Indicators
- • MACD – Fast EMA, Slow EMA, Signal period.
- • RSI – Period + Buy/Sell level thresholds.
- • VWAP Period Bars – Number of candles for VWAP calculation.
- • Volume MA Period – Volume smoothing for pressure detection.
- AI Scoring Weights
- • Weight MACD / RSI / VWAP / Volume – Customize importance of each component.
- • AI Buy Threshold / Sell Threshold – Sensitivity of AI decision making.
- 4. Recommended Usage
- • Best Timeframes: M15, H1
- • Pairs: Major FX pairs (EURUSD, GBPUSD, USDJPY) and XAUUSD (Gold)
- • Execution: Run on VPS for stable performance.
- • Backtesting: Use “Every Tick” mode for accurate results.
- 5. Example Presets
- EURUSD M15• Risk Percent: 1.0%
- • ATR SL Mult: 2.0
- • ATR TP Mult: 3.0
- • RSI Buy ≥ 55, Sell ≤ 45
- • Buy Threshold: 0.62
- • Sell Threshold: 0.38
- XAUUSD H1
- • Risk Percent: 0.5% (Gold is volatile)
- • ATR SL Mult: 2.5
- • ATR TP Mult: 4.0
- • RSI Buy ≥ 60, Sell ≤ 40
- • Buy Threshold: 0.65
- • Sell Threshold: 0.35
- 6. Tips
- • Adjust AI thresholds to tune aggressiveness (higher = stricter, fewer trades).
- • Monitor ATR multipliers; wider values reduce false stops.
- • If execution is slow, disable “Only New Bar” for more frequent signals.
- • Use demo/backtest before applying to live trading.