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Nova Volume Trading System

  • #461
  • Nov 20, 2024 11:03am Nov 20, 2024 11:03am
Quoting hope&glory
{quote} Great advice !!
NOVA works. For me I am just waiting for the MT4 version. To have 5 indicators on the chart I cannot use the basic plan of TV, I have to upgrade.
  • #462
  • Nov 20, 2024 11:05am Nov 20, 2024 11:05am
If anyone had the balls to hold this on NAS100... Wow 27R in 1 trade.

As you can see, it really is calculating the volume.

Attached Image (click to enlarge)
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You can lead a horse to water, but you can't make it drink
  • #463
  • Nov 20, 2024 11:24am Nov 20, 2024 11:24am
Quoting xkwisit2001
{quote} The first trade was incorrect bud. No red nova bars with signal below zero level. But 2nd trade was fine. Keep it up but just wait for the signal line to cross 0 level with some red bars (ideally 2) before entering with stops above the high. [opposite for buy trade]
Sorry, I have deleted it and then put it back so I can show, it was in different place
  • #464
  • Nov 20, 2024 11:40am Nov 20, 2024 11:40am
I think I'm making the switch to Nasdaq (USTEC on IC Markets)

19R on the drop using NOVA & Heiken Ashi candles holding and closing if there are 2 opposite candles. Hmm.

Price action is smooth

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You can lead a horse to water, but you can't make it drink
  • #465
  • Nov 20, 2024 11:57am Nov 20, 2024 11:57am
Quoting xkwisit2001
I think I'm making the switch to Nasdaq (USTEC on IC Markets) 19R on the drop using NOVA & Heiken Ashi candles holding and closing if there are 2 opposite candles. Hmm. Price action is smooth {image}
Just do both, I'll typically scalp NQ, US30, and Gold, taking best setups amongst these 3
  • #466
  • Nov 20, 2024 12:06pm Nov 20, 2024 12:06pm
Quoting MachineLearn
{quote} Just do both, I'll typically scalp NQ, US30, and Gold, taking best setups amongst these 3
I will, but the thing with me is that I hate using more than 1 at a time. Don't ask me why... my brains just weird like that

My earliest days was EURUSD, then I moved to GER30 (GER40) and got REKT so I wouldn't touch indices for a while and then when I found consistency I moved over to gold.

Not much of an adventurer, I tend to find my baby and then stay loyal if she's good to me - can't have too many wives lol
You can lead a horse to water, but you can't make it drink
  • #467
  • Nov 20, 2024 1:49pm Nov 20, 2024 1:49pm
I tried it out today with Forex. I scanned through all the pairs about 8:15am found 11 that would qualify at thew time on the 5 min 8 wins 2 losses and 1 BE 2 to 1 risk fantastic. I don't know if it was beginners' luck but will see tomorrow!
  • #468
  • Nov 20, 2024 2:09pm Nov 20, 2024 2:09pm
Quoting Lanzo
{quote} NOVA works. For me I am just waiting for the MT4 version. To have 5 indicators on the chart I cannot use the basic plan of TV, I have to upgrade.
i am using basic plan without an issue and loaded the Nova indicator
  • #469
  • Nov 20, 2024 2:15pm Nov 20, 2024 2:15pm
Quoting hope&glory
{quote} i am using basic plan without an issue and loaded the Nova indicator
The way he trades he prefers 5 indicators which you can't do with basic plan.
  • #470
  • Nov 20, 2024 3:01pm Nov 20, 2024 3:01pm
Quoting steph69416
I tried it out today with Forex. I scanned through all the pairs about 8:15am found 11 that would qualify at thew time on the 5 min 8 wins 2 losses and 1 BE 2 to 1 risk fantastic. I don't know if it was beginners' luck but will see tomorrow!
It's not beginners luck... it just works if it works within your own system
You can lead a horse to water, but you can't make it drink
  • #471
  • Nov 20, 2024 3:02pm Nov 20, 2024 3:02pm
Quoting MachineLearn
{quote} The way he trades he prefers 5 indicators which you can't do with basic plan.
5 indicators = unprofitable

The more indicators on the chart, the less profit.

Too many things to watch which affect the brain

I literally use 1 indicator.. Nova... 4 If not lol

 

  1. Nova
  2. Pivots
  3. 3 Emas
  4. Brain

If I had to choose 2 it would be Nova & Fib Pivots. I don't really need the EMA's.

Brain isn't an indicator on TV.

You can lead a horse to water, but you can't make it drink
  • #472
  • Nov 20, 2024 3:08pm Nov 20, 2024 3:08pm
8.8R from just waiting for 2 opposite heiken ashi in a row.

Sorry, the candles are hidden behind the TV banner.

NAS100 M1
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You can lead a horse to water, but you can't make it drink
  • #473
  • Nov 20, 2024 3:15pm Nov 20, 2024 3:15pm
Quoting xkwisit2001
{quote} 5 indicators = unprofitable The more indicators on the chart, the less profit. Too many things to watch which affect the brain I literally use 1 indicator.. Nova... 4 If not lol Nova Pivots 3 Emas Brain If I had to choose 2 it would be Nova & Fib Pivots. I don't really need the EMA's. Brain isn't an indicator on TV.
I agree, just explaining to this guy. However this is only really true in a vacuum. We don't know what system and types of indicators he could be using. It's best not to project your biases as truth.
  • #474
  • Nov 20, 2024 3:17pm Nov 20, 2024 3:17pm
Quoting MachineLearn
{quote} I agree, just explaining to this guy. However this is only really true in a vacuum. We don't know what system and types of indicators he could be using. It's best not to project your biases as truth.
I can even trade without nova. I'm just saying when there's 5 indicators, there's too much brain power and processes going on to eventually say... 'enter trade'.

If he's profitable with 5 indis then hats off. But when I was unprofitable it's because I had way too many indicators on chart because I was just adding everyone elses indicators to my chart that I liked and was confused for like 2 years lol.
You can lead a horse to water, but you can't make it drink
  • #475
  • Nov 20, 2024 3:26pm Nov 20, 2024 3:26pm
Quoting xkwisit2001
{quote} I can even trade without nova. I'm just saying when there's 5 indicators, there's too much brain power and processes going on to eventually say... 'enter trade'. If he's profitable with 5 indis then hats off. But when I was unprofitable it's because I had way too many indicators on chart because I was just adding everyone elses indicators to my chart that I liked and was confused for like 2 years lol.
I agree but again that's just your experience. For every ONE of you there's FIVE profitable traders who use 5+ indicators. Can't preach subjective practices as facts by saying things like ...more indicators the less profit. But you can recommend practices that work for you and people can choose to learn.
  • #476
  • Nov 20, 2024 3:28pm Nov 20, 2024 3:28pm
Good stuff, any plans for mt4 version?
Anything above the line is an uptrend, below the line is a downtrend.
  • #477
  • Nov 20, 2024 3:34pm Nov 20, 2024 3:34pm
Quoting Degolep
Good stuff, any way to get mt4 version?
There won't be one for MT4 unfortunately. You just have to adjust to TV.

TV is the best out here, for like 3 years I only execute on MT4 but all analysis is done on TV.

There is an app or something that connects to MT4 to execute trades if you're a serious trader.

But for me, I just use 2 screens and take trades when there's a signal.

I tried to get an MT4 indicator going but the way the TV indi is coded is primarily based on real volume and tick data 2nd.

MT4 is always only tick data so it's harder to code and I've had a few people try from the forex factory community and it doesn't work right
You can lead a horse to water, but you can't make it drink
  • #478
  • Nov 20, 2024 3:51pm Nov 20, 2024 3:51pm
Quoting MachineLearn
{quote} I agree but again that's just your experience. For every ONE of you there's FIVE profitable traders who use 5+ indicators. Can't preach subjective practices as facts by saying things like ...more indicators the less profit. But you can recommend practices that work for you and people can choose to learn.
good point ... too many indicators causes mass confusion, many top traders say one thing and that is going back to the basics and that is PA as all indicators are lagging
  • #479
  • Nov 20, 2024 3:58pm Nov 20, 2024 3:58pm
Quoting xkwisit2001
{quote} There won't be one for MT4 unfortunately. You just have to adjust to TV. TV is the best out here, for like 3 years I only execute on MT4 but all analysis is done on TV. There is an app or something that connects to MT4 to execute trades if you're a serious trader. But for me, I just use 2 screens and take trades when there's a signal. I tried to get an MT4 indicator going but the way the TV indi is coded is primarily based on real volume and tick data 2nd. MT4 is always only tick data so it's harder to code and I've had a few people try...
You trade mostly M1? What about M30, H1? Does this strategy work also?
Anything above the line is an uptrend, below the line is a downtrend.
  • #480
  • Nov 20, 2024 3:59pm Nov 20, 2024 3:59pm
Quoting hope&glory
{quote} good point ... too many indicators causes mass confusion, many top traders say one thing and that is going back to the basics and that is PA as all indicators are lagging
It's true. Once you become profitable you remove indicators... it's natural.

Because of chart time... it's like learning a new language.

Eventually you don't need a tutor.
You can lead a horse to water, but you can't make it drink
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