Nova Range v2.13 MT5 EA

Nova Range EA is an advanced neural network driven Expert Advisor developed around the iTransformer architecture, a modern deep learning model designed to process and analyse complex sequential data. By incorporating artificial intelligence into its analytical framework, Nova Range EA takes a data driven approach to automated trading, evaluating multiple dimensions of market behaviour rather than depending on conventional indicator based signals.

At the core of Nova Range EA is a trained iTransformer neural network. The model analyses relationships and patterns within market data to identify conditions that correspond to the information learned during its training process. Instead of following a fixed set of traditional technical indicators, the system uses its neural network to evaluate market conditions and generate trading decisions through an integrated analytical framework.

Nova Range EA is designed around selective trade execution. It does not attempt to remain constantly exposed to the market or force trading opportunities when conditions are unsuitable. The neural network evaluates the available market information and allows the Expert Advisor to participate when conditions align with its internal decision model. Consequently, trading frequency can vary depending on market behaviour. Some periods may experience little or no trading activity, while other periods may present several opportunities within a shorter timeframe.

Risk management is an essential component of the trading architecture. Every position is protected by a predefined stop loss, with a maximum of two simultaneous open positions. The system does not employ martingale, grid trading or position averaging techniques. This provides a more structured approach to exposure management and avoids relying on increasingly larger positions to recover previous losses.

Additional trade management features include break even functionality and trailing stop protection. These mechanisms help manage positions as market conditions evolve, allowing the system to protect trades that move into profitable territory. Nova Range EA also incorporates time based and news related filters designed to reduce exposure during periods of abnormal market behaviour, including sharp price movements and market gaps.

The Expert Advisor is developed primarily for XAUUSD on the M5 timeframe and supports standard, ECN, Raw, Cent and Micro account types. A hedging account is recommended, with a minimum suggested deposit of 500 USD and leverage of 30 or higher. The recommended signal risk level is 0.03, although traders can select different risk levels according to their individual capital allocation and risk tolerance.

The suggested risk configurations are 0.02, 0.03 and 0.04, with expected drawdown estimates of approximately 15 percent, 25 percent and 35 percent respectively. These figures are indicative estimates rather than guaranteed maximum drawdown limits. Actual results may differ depending on market conditions, execution and account specifications.

Nova Range EA is intended for traders interested in modern neural network technology, selective market participation and systematic automated execution. Its combination of iTransformer based analysis, predefined trade protection and integrated position management provides a structured approach to algorithmic trading without relying on aggressive recovery techniques.

Ultimately, Nova Range EA represents an approach to automated trading where artificial intelligence supports market analysis while disciplined execution and risk management remain central to the strategy. It is designed for traders who value technology, selectivity and a systematic trading framework.

The download includes the EA. It does not include a setfile or a user manual.

Run it on a demo or cent account first to confirm the settings suit your broker and account size.

01EA file for MetaTrader 5 (.ex5)

—MetaTrader 5 desktop terminal

—Algo Trading enabled

—Windows VPS recommended for 24/5 running