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Nova Volume Trading System

  • #141
  • Nov 1, 2024 2:18pm Nov 1, 2024 2:18pm
Quoting xkwisit2001
These are the most recent GOLD trades: Yes I missed some signals but I dont trade every one. It's just to be transparent. All 1:2 so this slays funded challenges with ease {image}
Só u Open trade after 2 bars close? Enter on Open of third bar?
  • #142
  • Nov 1, 2024 2:25pm Nov 1, 2024 2:25pm
Quoting xkwisit2001
{quote} These blue/red candles with the nova are really good - both compliment each other perfectly Good stuff MachineLearn {image}
I agree , quite complimentary regardless how you use for your trading style.
  • #143
  • Nov 1, 2024 2:40pm Nov 1, 2024 2:40pm
Done. Entry from NOVA wasn't strong but still valid. Personally observing the difference between strong bar entries and weak bar entries.

Also observing which time frame is best for me with this system. Works great with indices and gold on M1. For standard forex pairs I like M15 and H1.

Side note: larger market structure is always taken into consideration when I enter trades. I'm always trying to move with the larger picture. I just zoom in on trade because of mobile.
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  • #144
  • Nov 1, 2024 2:58pm Nov 1, 2024 2:58pm
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could BE right now because it's such low volume, but we'll see how it goes
  • #145
  • Nov 1, 2024 3:04pm Nov 1, 2024 3:04pm
Didn't take but nice US30 short. Bulls were stretched pretty far while NOVA clearly indicated that the momentum from the bulls was clearly depleted.
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  • #146
  • Nov 1, 2024 3:06pm Nov 1, 2024 3:06pm
Quoting cuchuflito
EXCELLENT! Here´s another one with diversion, note that I connect the high with the signal bar. I might try to take those even without liquidity sweep as filters. But first, I will do some backtesting on the weekend. I especially like the Volume divergence. {image}
Hi cuchuflito! How do I find in trading view the moving average you use? thanks!
  • #147
  • Nov 1, 2024 3:46pm Nov 1, 2024 3:46pm
Quoting xkwisit2001
{quote} I mainly trade the US session crossover even though I am based in the UK. Prefer when the market starts to really move but with the news today I stayed out and plus being friday - don't like how unpredictable it is. I do also follow AMDX/XAMD for the phases so I pretty much just avoid friday. Will sometimes trade london session but with having kids and the morning being a bit hectic I find myself on the chart after 12pm. All these entries I am showing as examples of what I would enter, I don't take them all but you can see there's plenty...
Thanks for the reply, I hear you regarding kids!

PC
Less is more...
  • #148
  • Nov 1, 2024 4:27pm Nov 1, 2024 4:27pm
Quoting xkwisit2001
{quote} These blue/red candles with the nova are really good - both compliment each other perfectly Good stuff MachineLearn {image}
Hi xkwisit2001 thanks for this great thread

could you explain in more detail how the candlesticks you put on the chart work? thanks a lot!
  • #149
  • Nov 1, 2024 5:04pm Nov 1, 2024 5:04pm
Quoting MachineLearn
{image} could BE right now because it's such low volume, but we'll see how it goes
Done @ $34
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  • #150
  • Nov 1, 2024 6:53pm Nov 1, 2024 6:53pm
Quoting MachineLearn
{quote} Just to clarify to other traders. I use them for mean reversion. Meaning if we're in a downtrend I'm looking for deep blue candles signaling a small pullback so we can use NOVA to enter short. This is a bit riskier and maybe a tad harder. There's many way to apply the candle colors however!
Which is the blue red candle indicator.....?
Having good results with Nova just for scalping. Generally dont like changing actual candles as I like to see them'Pure" but intereted to see what it adds. Thanks
Its all just one persons opinion
  • #151
  • Nov 1, 2024 6:59pm Nov 1, 2024 6:59pm
Quoting axecap
{quote} Which is the blue red candle indicator.....? Having good results with Nova just for scalping. Generally dont like changing actual candles as I like to see them'Pure" but intereted to see what it adds. Thanks
Linear Regression Channel - ChartPrime
https://www.tradingview.com/script/7...ssion-Channel/

If you don't like the Candles you can just use the channel.
  • #152
  • Nov 2, 2024 3:18am Nov 2, 2024 3:18am
Excellent thread xkwisit! Thank you for your effort to explain everything to us.

Can't wait to try the indicator on past data.

I have a question:

How does the indicator behave on a higher time frame's compared to a lower one's?

I will definitely test it myself as I don't trade anything below H1 (mostly D1 for bias, H4 for entry), but I'm wondering has anyone had success with higher tf's?
  • #153
  • Nov 2, 2024 3:33am Nov 2, 2024 3:33am
Quoting xkwisit2001
Hey everyone, ----- the boring part below lol - Also this isn't a bible for you to follow to a tee so read it and relate if you can and if not then just hear me out. This is my first thread so go easy on me and I promise to add value to this site. Well... we’ve all been there, right? Sifting through endless “holy grail” strategies, hoping to find something that sticks. Well, I've been trading 10 years and I can finally offer something of value that is easy to digest as I'd like to give back to what aided me during my come-up. Sooo... yeah i’m here...
Yes! A thread from XKVISIT. So nice that you want to share. I know you are one of the best. I am in.
MetaTrader 4 - so many advantages.
  • #154
  • Nov 2, 2024 3:52am Nov 2, 2024 3:52am
Quoting xkwisit2001
{quote} I posted the indicator yesterday on TV to share it here whilst I have the MT4/5 indicator coded and tested which I will share here as soon as it's ready. The 3 EMA's are my personal choice but my previous posts explain how I use them if you have a look. Default EMA is the 200 which is what the indicator will use to filter the trades but you can use any EMA you wish. If you follow the entry rules you can backtest it, I use the replay feature on tradingview to test other instruments with it and it works well on the 1/5m chart which are my...
I think that many traders does not know the replay on MT4. Just press F12 and the chart will move exactly one bar. Before you press F12, talk to your self about what you would do in the situation.
MetaTrader 4 - so many advantages.
  • #155
  • Nov 2, 2024 8:44am Nov 2, 2024 8:44am
Quoting vmd108
Excellent thread xkwisit! Thank you for your effort to explain everything to us. Can't wait to try the indicator on past data. I have a question: How does the indicator behave on a higher time frame's compared to a lower one's? I will definitely test it myself as I don't trade anything below H1 (mostly D1 for bias, H4 for entry), but I'm wondering has anyone had success with higher tf's?
Using the Regression Model on EURUSD D1 the last 5 signals smashed TPs
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  • #156
  • Nov 2, 2024 9:59am Nov 2, 2024 9:59am
@XKVISIT. We are some guys talking about your Nova indicator. When it is based on tics per time unit - how can the values be negative in some periodes.
MetaTrader 4 - so many advantages.
  • #157
  • Nov 2, 2024 10:57am Nov 2, 2024 10:57am
Quoting vmd108
Excellent thread xkwisit! Thank you for your effort to explain everything to us. Can't wait to try the indicator on past data. I have a question: How does the indicator behave on a higher time frame's compared to a lower one's? I will definitely test it myself as I don't trade anything below H1 (mostly D1 for bias, H4 for entry), but I'm wondering has anyone had success with higher tf's?
Hi vmd and nice to see you here.

It works on any timeframe although for me I use MTF analysis in alot of my decisions.

The way I look at it is let's say on the daily there are 1 or 2 bullish bars in the histogram, the signal line is above or curving up to cross 0 level and price is above the moving averages that would be a signal for me to dial down to a lower time frame (You can mark a horizontal line where where the signal occurred).

I will then start looking for setups on the lower timeframes in the direction of that daily signal if that makes sense.

When entering, I use the 1st bar sometimes but usually I enter on the close of the 2nd bar (3rd bar entry). I don't do this blindly and I check market structure to see where I am.

Sometimes when there is a buy signal on a higher timeframe, price will dip/pullback on the lower timeframe so you have to be mindful of this. I try not to enter at the top as I always want there to be a recent high or low behind me whenever I enter just so I can limit my risk and have a hard stop loss.

Currently out but my next series of posts later or tomorrow will show more examples of higher timeframe entries.

But simply, you can still use just the daily to enter a position as long as you have a recent low but I don't like waiting days or weeks for a 1:2

Would rather dial down to a lower tf entry and get a 1:20 in the same period of time I takes for daily to hit.
You can lead a horse to water, but you can't make it drink
  • #158
  • Nov 2, 2024 10:58am Nov 2, 2024 10:58am
Quoting MachineLearn
{quote} Using the Regression Model on EURUSD D1 the last 5 signals smashed TPs {image} {image} {image} {image} {image}
Absolutely smashing it mate, you picked it up so fast!

Great work and thanks for explaining things to people too.
You can lead a horse to water, but you can't make it drink
  • #159
  • Nov 2, 2024 11:01am Nov 2, 2024 11:01am
Quoting RiskFighter
@XKVISIT. We are some guys talking about your Nova indicator. When it is based on tics per time unit - how can the values be negative in some periodes.
Hi RiskFighter, great to see you here!

Negative values come from how many opposite tics there are present in a single bar which translates on the histo.

You'll notice that if you go on the daily you have to adjust the look of the indicator because of how much more data is in those bars.
You can lead a horse to water, but you can't make it drink
  • #160
  • Nov 2, 2024 11:34am Nov 2, 2024 11:34am
Daily is VERY good.

Very good chance there's always some meat to eat off the bone when you get a signal.

For Regression Model.. I think - on daily specifically - going for 1:2 and using institutional levels like swing highs and lows leaves us vulnerable and predictable. Even on these small pullback there's plenty of pips to capitalize on while keeping the SL super tight and TP less predictable. Maybe a fixed TP after some research could be the move on the larger time frames.

Gray line represents a filtered trade
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