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Nova Volume Trading System

  • #281
  • Nov 11, 2024 8:30pm Nov 11, 2024 8:30pm
Quoting TranceGhost
This strategy works. PERIOD... But it require you to do your own backtesting and getting into the flow of the symbol you trade. It might work even if you blindly follow signals, but you have to study the symbol you trade and see what works on that symbol. (What's the best time of day to trade it - how big are the pullbacks on your symbol normally - what risk to reward would be optimal to use on the symbol and so on) Money management is for me a very big part of trading and the smaller timeframes you trade the more important this becomes - price...
what broker do you use?
  • #282
  • Nov 11, 2024 9:19pm Nov 11, 2024 9:19pm
Quoting xkwisit2001
If anyone wants to use my template on TV you can find it here: https://www.tradingview.com/chart/X0gPo76g/
i have been trying to use this chart settings on my trading view but its not working, i will really appreciate some help
  • #283
  • Nov 11, 2024 10:04pm Nov 11, 2024 10:04pm
Quoting Manuels10
{quote} i have been trying to use this chart settings on my trading view but its not working, i will really appreciate some help
can you give more detail as to what isnt working?
Have you selected the Nova indicator and added it to favourites, dont need tochange settings just use default?
Also select the 3sma/ema indicator add to favourites
Its all just one persons opinion
  • #284
  • Nov 11, 2024 10:14pm Nov 11, 2024 10:14pm
Quoting axecap
{quote} can you give more detail as to what isnt working? Have you selected the Nova indicator and added it to favourites, dont need to change settings just use default? Also select the 3sma/ema indicator add to favourites
Use 50, 100 and 200 EMA settings. Make sure you use IC markets feed for the pairs you select so you get maximum available volume data.
Thats it.
Its all just one persons opinion
  • #285
  • Nov 11, 2024 10:49pm Nov 11, 2024 10:49pm
Quoting cuchuflito
Hi I changed the EMAs to "colored emas". So You can check the slope, and if the 50 EMA changes color, then you know things are getting messy. I hope it is useful. All the best https://www.tradingview.com/chart/XU...ymbol=SP%3ASPX {image}
is it possible to add this to my free version?
  • #286
  • Nov 11, 2024 10:52pm Nov 11, 2024 10:52pm
Quoting axecap
{quote} Use 50, 100 and 200 EMA settings. Make sure you use IC markets feed for the pairs you select so you get maximum available volume data. Thats it.
do i have to have a broker account with them or i can just select IC MARKETS when i want to open any FX pair?
p.s i just want some clarification
  • #287
  • Nov 11, 2024 10:58pm Nov 11, 2024 10:58pm
Quoting axecap
{quote} can you give more detail as to what isnt working? Have you selected the Nova indicator and added it to favourites, dont need tochange settings just use default? Also select the 3sma/ema indicator add to favourites
am on free version
  • #288
  • Nov 11, 2024 11:32pm Nov 11, 2024 11:32pm
Quoting vmd108
For those who, in addition to NVI, want to add more than one MA, but free version of TV does not allow the use of more than 2 indicators at the same time, use the "MA Ribbon" indicator (4 MAs in 1). Just saying.
is it same as using different EMAs on chart screen?
  • #289
  • Nov 12, 2024 3:28am Nov 12, 2024 3:28am
Quoting Manuels10
{quote} am on free version
Free version allows for 2 indicators so it is fine. By using the 3 ema indicator it counts as one , not 3, so works with free version.
But it is simply 3 EMA'S
when you search for a currency pair on TV it comes up with 5 or 6 depending on the pair. Just select IC markets. No acount required and free version of TV is fine. It seems you need to spend some time on TV and find your way around. You can get help easier if you have a specific issue.
Its all just one persons opinion
  • #290
  • Nov 12, 2024 3:43am Nov 12, 2024 3:43am
Quoting Manuels10
{quote} do i have to have a broker account with them or i can just select IC MARKETS when i want to open any FX pair? p.s i just want some clarification
I am not making any publicity for Ic Markets, but it is the best broker on a raw account for spread, which is almost 0.
I have a "decent raw spread account" with Peperstone, still I get often stopped out too soon or the entry is sluggish because of the spread. Then I have 2 other non- raw accounts, with "low spread" with 2 other "reputable brokers", the spread destroys any system on M1 charts.
M1 is great for me but only with Ic Markets, there are probably other brokers with almost 0 spread out there, but Ic Markets also has a big client volume.
  • #291
  • Nov 12, 2024 4:03am Nov 12, 2024 4:03am
Hi I am making a checklist for this system:

For Long
-Green shadow.
-Green Bar above Volume MA and 0 line.
Opposite for Short.

(please correct me if I´m wrong).

I only add price and volume diversion.
I am testing, double entry:
-TP R2 on 1
-Trail my way on 2.
  • #292
  • Nov 12, 2024 4:22am Nov 12, 2024 4:22am
Quoting cuchuflito
Hi I am making a checklist for this system: For Long -Green shadow. -Green Bar above Volume MA and 0 line. Opposite for Short. (please correct me if I´m wrong). I only add price and volume diversion. I am testing, double entry: -TP R2 on 1 -Trail my way on 2.
Sounds good to me bud
You can lead a horse to water, but you can't make it drink
  • #293
  • Nov 12, 2024 4:23am Nov 12, 2024 4:23am
I shall be replying to all your messages shortly
You can lead a horse to water, but you can't make it drink
  • #294
  • Nov 12, 2024 5:23am Nov 12, 2024 5:23am
I was trying out bollinger bands on your indicator. Imo is important for both exit signals and squeeze breakouts. For example, if I enter at 1m and NV on 15min hits bollinger bands, I am out.

Hope you test it.
  • #295
  • Nov 12, 2024 7:30am Nov 12, 2024 7:30am
Hi @xkwisit2001. I have been back-testing this system for a while now with pretty good results. I take both short term and slightly longer-term trades. My longer-term system consists of EMA crossovers. Can you please help me with building a system around the Nova Volume indicator and crossovers of 50,200 and 100,200 EMA's? I am pretty good with the position management, Would love to hear your thoughts on entries and overall adjustments to the indicator settings to suit longer-term trades. Btw, I trade futures. Thanks.
  • #296
  • Nov 12, 2024 7:34am Nov 12, 2024 7:34am
That's a good one thanks,
I Mixed it with my what's called market structure strategy and it worked pretty well.
  • #297
  • Nov 12, 2024 8:12am Nov 12, 2024 8:12am
Quoting cuchuflito
Hi I am making a checklist for this system: For Long -Green shadow. -Green Bar above Volume MA and 0 line. Opposite for Short. (please correct me if I´m wrong). I only add price and volume diversion. I am testing, double entry: -TP R2 on 1 -Trail my way on 2.
Hi Cuchu, may I know how do you use 3EMA?

BT
  • #298
  • Nov 12, 2024 9:45am Nov 12, 2024 9:45am
Thanks for the system and great indicator, traded today following your guidelines, 5 wins one loss. When price breaks the 200EMA on the downside and crosses back over, 1st watch before taking the trade, that was my only losing trade.
Trade Without Fear
  • #299
  • Nov 12, 2024 9:50am Nov 12, 2024 9:50am
Quoting Rubernet
Thanks for the system and great indicator, traded today following your guidelines, 5 wins one loss. When price breaks the 200EMA on the downside and crosses back over, 1st watch before taking the trade, that was my only losing trade.
You're welcome and thats great! - Did you take the full 1:2s?

So you should be up 9R if so.
You can lead a horse to water, but you can't make it drink
  • #300
  • Nov 12, 2024 10:03am Nov 12, 2024 10:03am
Quoting cuchuflito
{quote} Hi Twist. The end of next year will mark 30 years of trading. I must say, I am not very good, but I do have experience. I just enjoy trading , and I make a living from my business. Having said that, I recognize top traders right away. You are on my list. Congratulations! Like Risk Fighter, I trade several accounts with a trade copier: 2 Props and 2 Broker Accounts.I bought a trade copier for 80 bucks.So I placer my trades on Ic Markets, and they are copied on the other ones. With your performance,...
Sorry I'm late - that is something I have done previously (copy trade), I also have a business which is the best thing for trading and I currently have FTMO accounts. The issue I have with the prop account is the spread, but I tend to go for 1:1.5 if using prop. I am glad it's working for you though, just keep on testing and get the confidence to trust Nova... but as with everything trading, knowing structure and also where you are on the HTF is the only way for it to work.

I do also tend to trade breakouts using Nova but I have been waiting to see how people get on with the basics so far.

Quoting Manuels10
{quote} i have been trying to use this chart settings on my trading view but its not working, i will really appreciate some help
Is it the free tradingview? - if it allows you to delete an indicator then try that. But let me know what the problem is and I'll look into it.
In the meantime I'll edit the template I use so that it only has 2 indicators.

Quoting NobleMS
I was trying out bollinger bands on your indicator. Imo is important for both exit signals and squeeze breakouts. For example, if I enter at 1m and NV on 15min hits bollinger bands, I am out. Hope you test it.
I have used bollinger bands before but I tend to focus purely on market structure. Pullbacks don't scare me then if that is the case but that is why I just go for 1:2 and then most times I will achieve that and it will reverse.

Quoting NovaFlare
Hi @xkwisit2001. I have been back-testing this system for a while now with pretty good results. I take both short term and slightly longer-term trades. My longer-term system consists of EMA crossovers. Can you please help me with building a system around the Nova Volume indicator and crossovers of 50,200 and 100,200 EMA's? I am pretty good with the position management, Would love to hear your thoughts on entries and overall adjustments to the indicator settings to suit longer-term trades. Btw, I trade futures. Thanks.
Hi bud, if you go back through the earlier posts I've explained the longer term entries.

I.e if you use the H1 and the moving averages flip (bullish) then I would wait for the first pullback and then enter on the next nova signal (bullish).

What I do is wait for the 1M/5M chart to also start to go back into an uptrend similar to what the H1 has done after the H1 pullback and start looking for nova entries on those lower timeframes.

Alternatively you could just wait for a strong bullish or bearish bar on the H1 following the trend and then go down to the 1/5M TF which is what I would do.

I can't trade longer term though, I like to have my money off the table as soon as possible as if you trade this on H1 only you'll be waiting a long time for a 1:2 for the same result.
You can lead a horse to water, but you can't make it drink
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