Name: Nova OET Trader Version: Latest Version Developer by: Anita Monus The Right Platform: Meta Trader 5 (MT5) Our Telegram Team: Join now Our Youtube Channel: Click here
Nova OET Trader MT5 is a professional, fully automated Expert Advisor (EA) for MetaTrader 5 that intelligently combines On-Balance Volume (OBV) and Exponential Moving Average (EMA) into a disciplined, high-quality trading system.
The EA only enters trades when OBV confirms real buying/selling pressure (true volume support) and EMA validates the trend direction — ensuring every position is backed by both volume momentum and price structure.
Fully Automated OBV + EMA Logic — Generates precise entries and exits based on clear, transparent rules — no emotion, no guesswork.
Dual Volume & Trend Confirmation — Filters out weak signals aggressively; trades only when both indicators align strongly.
Strict Built-in Risk Management — Fixed stop-loss on every trade, optional intelligent trailing stop, zero martingale, zero grid — safe for prop firms, funded accounts, and long-term personal capital.
Multi-Asset & Multi-Timeframe Versatility — Effective on Forex, gold (XAUUSD), indices, and crypto; optimized for H1 to Daily charts.
Clean, Simple & Transparent Design — Classic indicators, straightforward parameters, fast execution — easy to understand, test, and trust.
Nova OET Trader MT5 Input
Why Traders Choose Nova OET Trader MT5?
High-quality, infrequent trades → smooth equity curve and reduced stress.
100% prop-firm compliant — no violations of daily drawdown or consistency rules.
Relies on two timeless, widely respected indicators — easy to verify and believe in.
Focuses on sustainable compounding rather than risky short-term explosions.
Performance of Nova OET Trader MT5
Nova OET Trader MT5 delivered solid, consistent performance in this backtest, achieving a strong 69.60% win rate while keeping drawdown exceptionally low across 4,704 bars of perfect (100%) historical data.
The EA’s dual-confirmation logic — requiring OBV volume support aligned with EMA trend direction — clearly works: it trades selectively (125 trades total), filters noise effectively, and produces a very smooth equity curve with minimal volatility, even on what appears to be a shorter timeframe setup.
Key Backtest Highlights
Initial Deposit: $100,000
Total Net Profit: $429.04
Win Rate: 69.60% (87 winning trades out of 125)
Maximum Equity Drawdown: 0.46% (only $466.92 in absolute terms)
Maximum Balance Drawdown: 0.43% ($431.58)
Nova OET Trader MT5 BacktestNova OET Trader MT5 Backtests