
Dark Nova is an automatic MT5 expert advisor that scalps AUDCAD, AUDNZD and NZDCAD, mainly on M15. It combines Bollinger Bands, moving averages, ADX, RSI and extreme-point filters, with an optional grid.
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Dark Nova is a fully automatic expert advisor for MetaTrader 5. It scalps a small set of Australian and New Zealand dollar pairs, using a counter-trend entry from Bollinger Bands that is checked against several other filters before a trade is opened.
The core idea is to look for overbought and oversold conditions at the edges of the Bollinger Bands and to trade back towards the average. A signal alone is not enough: the EA can also require agreement from a fast and slow moving average, the ADX trend-strength reading, an RSI level and an extreme-point check, which looks at the highest and lowest price over a set number of bars. Every filter can be enabled or disabled, and each has its own timeframe, so you can decide how strict the entry conditions should be.
The Bollinger module also offers a trend-following mode. In this mode the logic is reversed and trades are taken in the direction of the band break instead of against it. The ADX filter can likewise be reversed so that it trades only when trend strength is below the limit.
The EA is optimised for AUDCAD, AUDNZD and NZDCAD, and M15 is the recommended chart timeframe. The author says it can work on other pairs with suitable settings. If you try other symbols, run backtests and a demo period first, because the defaults were not built for them.
The inputs are grouped by function. The most important groups are listed below. Check the input tab in the terminal for the exact default values, as they are not repeated here.
| Group | What it controls |
|---|---|
| General | Allow buy or sell, maximum orders, one trade per bar, FIFO closing, magic number, maximum spread and average spread |
| Money management | Fixed lots, or a risk percentage when money management is enabled |
| Bollinger Bands | Strategy mode, period, deviations and timeframe |
| Extreme point | Lookback period and timeframe |
| Moving averages | Fast and slow periods, method and timeframe |
| ADX and RSI | Periods, limit and level thresholds, reverse rule, timeframes |
| Grid | Enable switch, lot method, coefficient, minimum distance, ATR option, distance multiplier |
| Target and stop | Take target in points, first-order target, end-of-bar closing, monetary loss and its scaling |
An ECN-type broker with low spreads and a low-latency VPS are recommended. The author suggests a minimum deposit of 1,000 USD and leverage of at least 1:20. Treat these as starting points and confirm them against your broker's conditions and your own risk tolerance.
Trading carries risk, and past results, including any live signal or backtest, do not predict future ones. Grid and martingale-style position sizing can enlarge losses quickly during a sustained move. Test on a demo account first and never risk money you cannot afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automatic expert advisor |
| Trade style | Scalping, counter-trend with momentum and trend filters |
| Main markets | AUDCAD, AUDNZD, NZDCAD |
| Recommended timeframe | M15 |
| Indicators used | Bollinger Bands, moving averages, ADX, RSI, extreme points |
| Broker and hosting | ECN account and low-latency VPS recommended |
| Suggested minimums | 1,000 USD deposit, 1:20 leverage; confirm before use |
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This listing is the MT5 build and runs only in MetaTrader 5. An MT4 version is a separate product, so check the store for it if you use MT4.
The EA is tuned for AUDCAD, AUDNZD and NZDCAD, and M15 is the recommended timeframe. Other symbols may be usable with changed settings, but you should test them thoroughly in the Strategy Tester and on a demo account first.
The author says you can start from the default settings. Optional set files and instructions are available from the author for deeper tuning. Test any change on a demo account before using real money.
An ECN-style account with tight spreads and fast execution is recommended, along with a low-latency VPS so the EA runs continuously. Scalping is sensitive to spread and slippage, so use the Max Spread settings and compare brokers on a demo account.
It has an optional grid module with lot-sizing methods including martingale-style multipliers. You can disable the grid or limit the number of open orders, and you should understand how these settings raise exposure before trading live.
The author describes it as compatible, but rules differ between firms and change over time. Read your firm's current rules on grids, averaging and drawdown limits before you rely on this EA.
Dark Nova MT5
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