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.