Nova Gold X

This is a scam. I'm really curious how he did it.

DON'T TRUST THE TESTER!! there is no correlation whatsoever between the results obtained and reality! I bought this EA, but it didn't give the tester results at all... on the contrary! after 2 weeks of use on a demo account (fortunately) starting with 10k€ now I find myself with 9400€ with XAUUSD M5, m1 is impossible, crazy losses, so much so that the live account of the manufacturer M1 was reset just the day before yesterday. this EA was probably called CHERMA before, which didn't have good reviews! I'm disappointed. ITA: NON FIDATEVI DEL TESTER!! non c'è minimamente correlazione tra i risultati ottenuti e la realtà! ho comprato questo EA, ma non ha minimamente dato i risultati del tester... anzi! dopo 2 settimane di utilizzo su un conto demo (per fortuna) partendo con 10k€ ora mi ritrovo con 9400€ con XAUUSD M5, m1 è impossibile, perdite folli, tant'è che il conto live del produttore M1 si è azzerato proprio l'altro ieri. questo EA probabilmente prima si chiamava CHERMA, il quale non aveva buone recensioni! sono deluso.

After two weeks test, this EA is scam, totally gamble. Don't waste your money.

I don't recommend it. This might be ok if you want to gamble a bit on a demo account. It does not do what was promised. At least not on a live account.

*** ATTENTION *** Since I placed a truthful review about this EA I get spammed by messages from people asking about Nova Gold and being offered with some other dodgy EA offers....

Не рекомендую к покупке! Этот эксперт оказался абсолютно неэффективным и нестабильным. На реальном счете он полностью "съел" мой депозит, а на демо-счете показал такие же плачевные результаты. При этом на тестах он демонстрировал идеальные показатели, что вызывает серьезные сомнения в их достоверности. Создается впечатление, что эти результаты сфабрикованы. Кроме того, после активации продукта в MetaTrader 5 появилась информация о том, что сделку нельзя отменить, что лишает возможности вернуть деньги. Хочу предостеречь всех от покупки этого продукта. Если вы не хотите потерять свои деньги, лучше обходите его стороной. Надеюсь, этот отзыв поможет другим людям избежать подобной ситуации.

이런건 나도 만들수 있을듯, 환불안되나요?

DO NOT BUY THIS EA! Real gambling.... I recently purchased this Expert Advisor (EA) for 400 euros, and it has been nothing short of a disaster. From the moment I installed it, the promises of automated profits and reliable trading signals fell flat. Instead, it led to significant losses on my live account, wiping out not just the initial investment but additional funds I had allocated for trading. The software is riddled with bugs, inconsistent performance, and what feels like deliberate flaws designed to drain your wallet. Customer support was non-existent – no responses to my queries, and no refunds offered despite their "money-back guarantee." This isn't a legitimate tool; it's a scam preying on traders looking for an edge in the market. Do yourself a favor and steer clear. Save your money and time – there are far better, trustworthy alternatives out there. I learned this the hard way!

I reply to the developer's response: yes, I asked for a refund, so what? Where is it? Have you disappeared? You're a beggar, remember that god see and provide, my dear Moroccan friend! You're worthless as a man, you're scamming people.

The backtest results are misleading and do not reflect real market conditions. I tested the system on three different brokers, including the developer’s own broker, using a live account (not demo), and the performance was completely different from what was shown.

Update: This is not an excuse. I used the same broker and the same server as you, + your setfile with a latency of only 2 ms, yet I still received entirely different trades than the developer.

Additionally, the EA opened multiple grid-style positions, resulting in heavy drawdowns of 45–50%, even with small lot sizes. When I closed positions to protect the account, you was told, “Why did you cut? The next trade can recover everything.”

However, your description clearly states “No grid / No martingale.” In reality, the EA behaves exactly like a martingale system.

the posted Backtest doesn't match reality, I tested on 3 different brokers, different years and in all of them, the account blows up. be careful, wouldn't recommend it.

Stay away from this seller and product. If you want to gamble your money go to the Casino, you will have a better chance there. Can't believe sellers like this is allowed here!

Not recommended. complete disaster EA. it will wipe out your capital. as per my understand it only support Exeness broker.

Hi Guys Yes its scalping but i tried in live with ECN Account I found few observations its better to run the ea from Asia time to new York time also spreads has to be less than 15 points I will not say its great EA but overall its good and i matched with live account its not exact match but its trading style is same need to run with low risk I am using 0.02 lot for 5000$ and it is sustaining yesterday and today it made 50$ which is 1% It is suitable for me and it has to be used wisely Thanks

**Translation to English:** Time for my first review of **EA Nova**. I have been using it for a week and so far everything is fine, with a stable profit of **€60 per day**. The EA is **very aggressive in terms of recovery**. An account balance of **€500 is the safe minimum**. From my observations, it is necessary to **withdraw the profits every day** in order to secure **€250** for a failed recovery operation at **0.39**. In that case, the account loses €250 and does not open the next recovery phase **0.98**. Then we add back the secured €250 and the account continues operating normally. I personally had **two 0.39 situations** and managed to defend the account successfully. The **EA author is first class**. I had problems starting the EA because I had an indicator attached that was slowing it down, and the author spotted this and helped resolve the issue. In my opinion, this EA is **worth attention**. And an important note: the **€60 profit is on a live account**. Every week I will post updates on how it performs, because it’s important that we **share observations based on real numbers**, not criticize without concrete data. Many thanks to **Hicham Chergui**.

I'm a user, I've bought and tested it for just a couple weeks, saw many comments were mad about martingale strategy of this EA (Fact: In setting.... you can limit the multiplying times by Max input lot - if you wish just small martingale then stop / or set it 'false' to close this function if you do not want Martingale) Martingale is risk but it depends on the win rate of EA as well (this is the point). After buy it, you shall contact Dev to get the setting guide, ask him how each setting works, tests it by yourself, also with your broker (I used it in 2-3 accounts with different brokers but same broker as Dev uses is the best i think so far) however, I unsure the other experiences with it but I'm profitable with Gold 5m and wish the Dev continues updating it. Cheers.

The EA is based on candles pattern ,for example pin-bar and engulfing , so its a low-end system, try to think about how many pin-bars or engulfing would be happens in 1 day or in M5-H1-ect. , but without sell/buy power analysis or trend strength ? Hope the creater to consider and try some new method , especially MA-cross or sell/buy power or trend strength or footprint-orderflows. Only a comprehensive analysis system can be both secure and effective.

This is the first time that I will be writing a review since I am extremely disappointed in this EA and the seller. For those who are planning to buy this EA, think twice unless you want to wipe out your account. 1) This is a pure martingale EA system - There's no edge since it is only relying on martingale. The EA's advertisement is very misleading. 'No grid and no martingale.'. Check one of the investor account, it traded starting from 0.01 lot size to 0.98 lot size after only 5 losing trades on 5 January. x98 increase on just 5 losing trades! if the 6th trade will lose, even a USD1,000 account will be wiped out. 2) The EA keeps blowing up during backtesting - I only realised this after buying and activating the EA. The seller keep on saying 'new versions should not be judged solely based on tests' but this is already a red flag. 3) Reviews with 5 stars are all fake - already validated by an AI that these were AI-generated. The seller has intent from the very first place to defraud his customers. Take note of this seller next time.

I am here to share my one-month experience with this Expert Advisor. The first thing I was able to verify is that there is no alignment between the trades executed in Real Mode on my broker and those executed on the live broker used by the author. In my tests, I used both ECN accounts and Standard accounts. Initially, I tested with IC Trading and IC Markets, and the trades were always completely different from those shown on the live channel. I installed, reinstalled, and used the set files provided by the author. Subsequently, I tried opening a new broker, namely Roboforex, and even there, with the same settings, the trades were different compared to the author’s live channel and to my IC Trading account. Therefore, with the EA configured in exactly the same way, using the two-decimal set file, on the author’s live channel, on my IC Trading Standard account, on my Roboforex Standard account, and on my IC Trading ECN account, the trades were always and in any case completely different. Monday I will try to open a second standard account on IC TRADING so I will have 2 different account standard from same broker and I will attach ea with same settings. I want to see if with the same broker but different account I will have at least the same trades.

Another serious issue with this EA is the trade entry system. I believe that it is very often random. It relies on the fact that the Take Profit is set at approximately half the number of ticks of the Stop Loss. This statistically allows more trades to close in profit than in loss, but every time a trade closes in loss, the loss is almost double the profit gained from a winning trade.

In addition, there is a recovery system that is very close to gambling. This is actually what caused my largest loss. After two losing trades, the system starts increasing the position size to 2.5 times, which is more than a simple doubling each time. This system is a pure and simple martingale, period. It is in fact what led to my largest loss on the account.

Obviously, I have all the screenshots of the various tests, including the losing streak that led to the shutdown of the EA. I am available to provide them to anyone who contacts me privately in case there are any doubts about the accuracy of what I am stating.

Based on extensive experience using various EAs, I post analysis results while eliminating emotional bias. As I've only been using it for 10 days, it's not yet 100% reliable. ・It exhibits characteristics of a Martingale strategy, but it's not a pure Martingale. All trades are independent. If two consecutive losses occur, it enters a slightly larger lot size with a multiplier applied. If losses continue, the lot size keeps increasing, potentially causing drawdowns to exceed 20%. ・It struggles in ranges, where the win rate drops to around 50%. Recovery doesn't work well either, leading to capital depletion. ・When a trend emerges, the win rate increases, and capital grows rapidly. The maximum lot size over approximately 10 days started at 0.01 and reached 0.98. Since capital doesn't grow if recovery isn't triggered after a loss, I believe those who disabled the recovery system suffered significant losses. I set up a cent account with 10,000 cents and let it run with a base lot size of 0.05. Some days I made 10%, while others saw a 2% drop. Overall, it's been positive. I hope this is helpful for everyone.

Worst EA ever, we are not here to gamble. The EA makes no sense. Do not waste your money on this. Nice advertising but the ea is useless

Martingale system.... All is fake