🌌 Nova Range EA MT5 (v2.13) – Neural-Network XAUUSD Range EA, M5

By Vladimir Lekhovitser · MQL5 Market developer

An iTransformer neural-network gold EA that trades only when its trained model sees a match, with a stop loss on every trade and no grid, martingale or averaging.

🔥 Overview

Nova Range EA is a neural-network EA built on the iTransformer architecture. It opens positions only when current conditions match its trained decision model, so long periods with no trades are expected. It is designed for XAUUSD on the M5 chart and for use on default settings: no input parameters are listed, and the page describes it as straightforward to run with defaults.

📊 Standing

• 📡 Main live signal: Live Signal , started 14 Sep 2026 on a $150 deposit at 1:500
  • +202% growth · Profit Factor 23.87 · 116 trades (95 wins / 21 losses, about 82%) · Max drawdown 3.08% by balance, 6.62% by equity · average hold time 27 minutes
• 📡 Second signal (Ultima Markets): mql5.com/en/signals/2398964, started 8 Nov 2026, $500 deposit, only 5 trades so far. It is too new to read anything into.
• 📦 13 purchases per month · 20 activations · 291 demo downloads · no product reviews yet
• 🗓️ Published 6 Oct 2026 · version 2.13
• ⚠️ The main signal is about 8 weeks old and started from $150. MQL5 shows "no trading activity" warnings on it for stretches of 6 to 11 days. The profit factor of 23.9 is unusually high for so short a record, so treat it as promising and early, not proven.

🛡️ Risk & Protection

• ✅ No grid, no martingale, no averaging
• ✅ Predefined stop loss on every trade; break-even and trailing stop supported
• ✅ Maximum 2 open positions at the same time
• ✅ Time-based and news filters to reduce exposure during abnormal price behaviour such as sharp moves and gaps

Expected drawdown by risk level (developer's figures): 0.02 → about 15% · 0.03 (recommended) → about 25% · 0.04 → about 35%. Note that these are higher than the 3% to 7% drawdown shown on the signal. Plan for the developer's numbers, not the signal's.

⚙️ Specifications

🚀 Quick Start

1. Copy the EA into MQL5/Experts and restart MT5
2. Use a hedging account with at least $500
3. Enable Algo Trading
4. Open an XAUUSD M5 chart and attach Nova Range EA
5. Leave the settings on default and test on demo first
6. Keep MT5 running, ideally on a VPS

✅ Who This Suits

• ✅ Gold traders who want a selective, low-activity EA instead of one that trades all day
• ✅ Traders who prefer running defaults with no tuning
• ✅ Anyone comfortable with a new, short live record

🚫 Not For

• ❌ Anyone who wants daily trades
• ❌ Accounts under $500
• ❌ Anyone who expects the signal's 3% drawdown to hold. Budget for 15% to 35% depending on the risk level
• ❌ Anyone who needs a long track record or customer reviews before buying

⚠️ Risk Disclaimer

Past performance, backtests and screenshots do not guarantee future results, and the EA may have losing trades, including several stop-loss trades in a row. Results depend on spreads, slippage, execution and commissions. Nova Range EA was published in October 2026, and its live record is about two months long, so no long-term conclusion can be drawn. Trading gold CFDs carries a high risk of loss. Test on a demo account first and never trade money you cannot afford to lose.