🔶 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.
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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.
🔶 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. |
➡️ Analysis
- Supports hedging (Buy & Sell simultaneously)
- High max orders → suitable for grid strategies
- Controlled entry frequency (1 trade per bar)
🔶 Spread & Execution Filters
| Parameter | Value | Description |
|---|---|---|
| Max Spread | 100 | Allowed spread. |
| Max Average Spread | 100 | Average spread filter. |
➡️ Analysis
- High spread tolerance → flexible execution
- May increase trading during volatile conditions
🔶 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. |
➡️ Analysis
- Dynamic lot scaling → adapts to account size
- Risk level 5 → balanced but can grow exposure in grid
🔶 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. |
➡️ Analysis
- Classic mean reversion system
- Trades when price hits extreme bands
🔶 Extreme Point Filter
| Parameter | Value | Description |
|---|---|---|
| Enable Extreme Points | true | Uses historical extremes. |
| Lookback Bars | 35 | Range calculation. |
| Timeframe | M15 | Analysis timeframe. |
➡️ Analysis
- Adds price action confirmation
- Reduces false entries
🔶 Moving Average (MA) Settings
| Parameter | Value |
|---|---|
| Fast MA | 10 |
| Slow MA | 90 |
| Method | Simple |
| Timeframe | M15 |
➡️ Analysis
- Identifies trend direction
- Filters trades aligned with market structure
🔶 ADX Trend Strength Filter
| Parameter | Value |
|---|---|
| ADX Enabled | true |
| Period | 9 |
| Limit | 65 |
| Reverse Rules | true |
➡️ Analysis
- ADX > 65 → strong trend detection
- Reverse rules → allows counter-trend entries
🔶 RSI Momentum Filter
| Parameter | Value |
|---|---|
| RSI Enabled | true |
| Period | 20 |
| Upper Level | 65 |
| Lower Level | 35 |
| Reverse Rules | false |
➡️ Analysis
- Confirms overbought/oversold zones
- Works with Bollinger Bands for precision
🔶 Trading Time & Days
| Setting | Value |
|---|---|
| Time Filter | disabled |
| Trading Days | Monday–Sunday (all enabled) |
➡️ Analysis
- Trades 24/7 (broker time)
- No session restriction → continuous exposure
🔶 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. |
➡️ Analysis
- Conservative grid (multiplier 1.0)
- Distance 350 → avoids overtrading
🔶 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. |
➡️ Analysis
- Focuses on basket profit closure
- Suitable for grid systems
🔶 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. |
➡️ Analysis
- Provides account-level protection
- Does not stop EA after loss → continuous trading
🔶 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. |
🔶 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
🔶 Advantages of the Current Setup
🧩 Multi-Layer Confirmation
Combines multiple indicators → higher accuracy.
🧩 Flexible Market Adaptation
Works in both ranging and trending conditions.
🧩 Conservative Grid Scaling
Multiplier 1.0 reduces risk escalation.
🧩 Equity Protection
Monetary stop loss limits account damage.
🔶 Risks to Consider
🧩 Grid Exposure
Multiple positions can increase drawdown.
🧩 No Time Filter
Trades during all conditions (including low liquidity).
🧩 High Max Orders (100)
Potential overexposure in strong trends.
🔶 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
👉 Recommended optimizations:
- Reduce Max Orders (≤20–30)
- Add time filter (London/NY sessions)
- Adjust risk factor to 2–3 for safety
With proper optimization, Dark Nova EA can deliver stable and adaptive performance, especially in ranging and moderately trending markets.