๐ถ What is Dark Nova EA MT4?
Dark Nova EA is a multi-layered automated trading system that combines grid trading, reversal logic, and multi-indicator confirmation. It leverages powerful tools such as Bollinger Bands, Moving Averages, ADX, and RSI, alongside a grid expansion strategy, to capture both trend reversals and ranging market opportunities.
๐๐๐ย Buy thisย Dark Nova EA MT4ย product hereย ๐๐๐
Designed for traders who want high flexibility and adaptive entry systems, Dark Nova EA allows trading across multiple market conditions, with configurable filters and risk controls.
๐ถ General Trading Settings
| Parameter | Value | Description |
|---|---|---|
| EA Name | Dark Nova | Strategy identifier. |
| Allow Buy | true | Enables Buy trades. |
| Allow Sell | true | Enables Sell trades. |
| Max Orders | 100 | Maximum open trades. |
| One Trade per Bar | true | Limits entries per candle. |
| Order Timeframe | M15 | Main trading timeframe. |
| Open Buy & Sell Together | true | Allows hedging. |
| Magic Number | 9105 | Trade identifier. |
โก๏ธ Analysis
- Supports hedging (Buy & Sell simultaneously)
- High max orders โ suitable for grid strategies
- Controlled entry frequency (1 trade per bar)
๐ถ Spread & Execution Filters
| Parameter | Value | Description |
|---|---|---|
| Max Spread | 100 | Allowed spread. |
| Max Average Spread | 100 | Average spread filter. |
โก๏ธ Analysis
- High spread tolerance โ flexible execution
- May increase trading during volatile conditions
๐ถ Lot Size & Money Management
| Parameter | Value | Description |
|---|---|---|
| Lot Size | 0.01 | Base lot. |
| Money Management | true | Auto lot enabled. |
| Risk Factor | 5.0 | Moderate risk level. |
โก๏ธ Analysis
- Dynamic lot scaling โ adapts to account size
- Risk level 5 โ balanced but can grow exposure in grid
๐ถ Bollinger Bands Strategy (Core Logic)
| Parameter | Value | Description |
|---|---|---|
| Enable BB | true | Activates Bollinger Bands. |
| Strategy | Sell Above / Buy Below | Reversal logic. |
| Period | 35 | Indicator period. |
| Deviation | 2.0 | Standard deviation. |
| Timeframe | M15 | Analysis timeframe. |
โก๏ธ Analysis
- Classic mean reversion system
- Trades when price hits extreme bands
๐ถ Extreme Point Filter
| Parameter | Value | Description |
|---|---|---|
| Enable Extreme Points | true | Uses historical extremes. |
| Lookback Bars | 35 | Range calculation. |
| Timeframe | M15 | Analysis timeframe. |
โก๏ธ Analysis
- Adds price action confirmation
- Reduces false entries
๐ถ Moving Average (MA) Settings
| Parameter | Value |
|---|---|
| Fast MA | 10 |
| Slow MA | 90 |
| Method | Simple |
| Timeframe | M15 |
โก๏ธ Analysis
- Identifies trend direction
- Filters trades aligned with market structure
๐ถ ADX Trend Strength Filter
| Parameter | Value |
|---|---|
| ADX Enabled | true |
| Period | 9 |
| Limit | 65 |
| Reverse Rules | true |
โก๏ธ Analysis
- ADX > 65 โ strong trend detection
- Reverse rules โ allows counter-trend entries
๐ถ RSI Momentum Filter
| Parameter | Value |
|---|---|
| RSI Enabled | true |
| Period | 20 |
| Upper Level | 65 |
| Lower Level | 35 |
| Reverse Rules | false |
โก๏ธ Analysis
- Confirms overbought/oversold zones
- Works with Bollinger Bands for precision
๐ถ Trading Time & Days
| Setting | Value |
|---|---|
| Time Filter | disabled |
| Trading Days | MondayโSunday (all enabled) |
โก๏ธ Analysis
- Trades 24/7 (broker time)
- No session restriction โ continuous exposure
๐ถ Grid Trading System
| Parameter | Value | Description |
|---|---|---|
| Enable Grid | true | Activates grid system. |
| Grid Distance | 350 points | Space between trades. |
| Multiplier | 1.0 | No lot increase. |
| Max Grid per Bar | true | Limits expansion speed. |
| Grid Mode | Lots Sum | Aggregated lot logic. |
โก๏ธ Analysis
- Conservative grid (multiplier 1.0)
- Distance 350 โ avoids overtrading
๐ถ Profit Target Settings
| Parameter | Value | Description |
|---|---|---|
| Take Target | 100 | Basket profit target. |
| First Order TP | 100 | Same as main TP. |
| Close on Open Price | true | Closes at break-even logic. |
โก๏ธ Analysis
- Focuses on basket profit closure
- Suitable for grid systems
๐ถ Loss Management
| Parameter | Value | Description |
|---|---|---|
| Enable Monetary SL | true | Equity-based SL. |
| Stop Loss Amount | $1000 | Max loss threshold. |
| Stop After Loss | false | Continues trading. |
โก๏ธ Analysis
- Provides account-level protection
- Does not stop EA after loss โ continuous trading
๐ถ Closing & Misc Settings
| Parameter | Value | Description |
|---|---|---|
| Close Friday Night | false | Keeps trades open. |
| Forced Close Friday | false | No forced closure. |
| Show Panel | true | Displays UI. |
| Alerts | true | Notifications enabled. |
๐ถ Key Characteristics of This Configuration
Dark Nova EA is configured as:
- Bollinger Bands reversal strategy
- Grid trading system (distance-based)
- Multi-indicator confirmation (MA + ADX + RSI)
- Hedging enabled
- Dynamic lot sizing
- Basket-based profit closure
๐ถ Advantages of the Current Setup
๐งฉ Multi-Layer Confirmation
Combines multiple indicators โ higher accuracy.
๐งฉ Flexible Market Adaptation
Works in both ranging and trending conditions.
๐งฉ Conservative Grid Scaling
Multiplier 1.0 reduces risk escalation.
๐งฉ Equity Protection
Monetary stop loss limits account damage.
๐ถ Risks to Consider
๐งฉ Grid Exposure
Multiple positions can increase drawdown.
๐งฉ No Time Filter
Trades during all conditions (including low liquidity).
๐งฉ High Max Orders (100)
Potential overexposure in strong trends.
๐ถ Conclusion
The Dark Nova MT4 settings represent a hybrid grid-reversal trading system, combining Bollinger Bands, RSI, ADX and Moving Averages for precise market entries.
Key highlights include:
- Bollinger Bands reversal strategy (Period 35, Deviation 2)
- Grid system with 350-point spacing
- Multi-indicator confirmation (MA, ADX, RSI)
- Auto lot with risk factor 5
- Monetary stop loss ($1000) for protection
- Full-time trading (no session limits)
Overall, Dark Nova EA MT4 is ideal for traders who:
- Prefer grid + reversal hybrid systems
- Want multi-indicator confirmation
- Seek flexible trading across market conditions
๐ Recommended optimizations:
- Reduce Max Orders (โค20โ30)
- Add time filter (London/NY sessions)
- Adjust risk factor to 2โ3 for safety
With proper optimization, Dark Nova EA can deliver stable and adaptive performance, especially in ranging and moderately trending markets.
