Nova V5
Nova V5 — a MetaTrader 5 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 5. Its source code uses moving averages. It moves the stop behind price. It has 11 settings, for example Stop Loss (default 500), Take Profit (default 20) and Trailing Stop (default 10). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq5) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT5 · v5 · Free
About Nova V5
Nova V5 is an expert advisor (trading robot) for MetaTrader 5 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 11 settings, such as Stop loss, Take profit and Trailing stop. MQL source code included.
Files in the download: Gu¡a de usuario Nova V5.pdf, Nova V5.mq5.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stop loss | 500 | Stop Loss, in pips (1.00045-1.00055=1 pips) |
| Take profit | 20 | Take Profit, in pips (1.00045-1.00055=1 pips) |
| Trailing stop | 10 | Trailing Stop (min distance from price to Stop Loss, in pips |
| Trailing step | 5 | Trailing Step, in pips (1.00045-1.00055=1 pips) |
| Int lot or risk | risk | Money management: Lot OR Risk |
| Volume lot or risk | 10 | The value for "Money management" |
| Only one | true | Only one positions |
| Reverse | true | Reverse |
| Close opposite | true | Close opposite |
| Print log | true | Print log |
| M magic | 363193656 | magic number |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Experts.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trailing Stop & Break-even · Moving Average · MT5 Expert Advisor · MQL5 Source Code