Nova V6
Nova V6 — a MetaTrader 5 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 6. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 31 settings, for example Lots (default 1.0), Take Profit (default 0.0) and Stop Loss (default 0.0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 2 indicator files 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 · v6 · Free
About Nova V6
Nova V6 is an expert advisor (trading robot) for MetaTrader 5. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 31 settings, such as Lots, Take profit and Stop loss. MQL source code included.
Files in the download: EN- Nova V6 User Guide - Documentos de Google.pdf, ES- Nova V6 Guía de usuario - Documentos de Google.pdf, Lincese - Lincencia.txt, Nova V6.mq5, READ - LEER.txt, Standard Deviation smoothing.mq5, Nova.pdf.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lots | 1.0 | Lots |
| Take profit | 0.0 | Take Profit, in pips (if "0.0" -> Artificial Intelligence active in TP) |
| Stop loss | 0.0 | Stop Loss, in pips (if "0.0" -> Artificial Intelligence active in SL) |
| Trailing stop | 5 | Trailing Stop (min distance from price to Stop Loss, in pips) |
| Trailing step | 5 | Trailing Step, in pips (1.00045-1.00055=1 pips) |
| Use buy | true | position disable function BUY |
| Use sell | true | position disable function SELL |
| Mm | true | Enabling the money management function |
| History days | 60 | History days |
| Number loss | 0 | Number of losing trades |
| Max loss | 4 | Maximum number of losing trades |
| Multi loss | 4.0 | Multiplier after a losing trade |
| Number profit | 0 | The number of transactions in the history of closed by ТР |
| Max profit | 4 | The maximum number of deals in the history of closed by ТР |
| Multi profit | 2.0 | Multiplier after a winning trade |
| Dynamic sl | 1.0 | StopLoss depends on the channel width |
| Dynamic tp | 1.0 | Take profit depends on the channel width |
| Max positions | 7 | Maximum number of positions |
| Indent | 0 | Offset from channel boundaries |
| Block | Flat settings | |
| Std dev ma period | 95 | period of averaging |
| Std dev ma shift | 0 | shift |
| Std dev ma method | MODE_SMA | type of smoothing |
| Std dev applied price | PRICE_CLOSE | type of price |
| Flet bars | 3 | Minimum number of bars |
| Canal max | 105 | Maximum channel width |
| Canal min | 15 | Minimum channel width |
| M magic | 646689624 | magic number |
| Time control | true | Use time control |
| Start hour | 0 | Start hour |
| End hour | 23 | End hour |
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: Pending Orders · Trailing Stop & Break-even · Time Filter · MT5 Indicator · MQL5 Source Code