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Nova Volume Trading System

  • #721
  • Dec 11, 2024 7:44am Dec 11, 2024 7:44am
GBPUSD - Yesterday was an inside candle. Today price hit the lows in London and looks to be heading for the highs.

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Edit: First TP hit (yesterday's high), leaving a small position to see if last week's high is hit.
  • #722
  • Dec 11, 2024 7:48am Dec 11, 2024 7:48am
Hi all, I am new here. I would like to learn this strategy, but I see that
Nova Volume Indicator - TradingView is not avaiable to open anyone can help me?
  • #723
  • Dec 11, 2024 8:38am Dec 11, 2024 8:38am
Quoting kry5t1an
Hi all, I am new here. I would like to learn this strategy, but I see that Nova Volume Indicator - TradingView is not avaiable to open anyone can help me?
https://www.tradingview.com/script/v...y-SplitzMagic/
Anything above the line is an uptrend, below the line is a downtrend.
  • #724
  • Dec 11, 2024 8:43am Dec 11, 2024 8:43am
ok, thank you very much for sharing. Are you using this strategy? What resaults? maybe some another filters required to improve resaults?
  • #725
  • Dec 11, 2024 9:58am Dec 11, 2024 9:58am
Quoting cuchuflito
{quote} Hi bro, I have an account at IC Markets and one at Pepperstone. I like IC Markets better, but they have some pretty ugly posts on Trustpilot about money withdrawals. Have you had any issues receiving your profits in your account? Thanks in advance.
No issues with IC Markets as long as you have the correct details. I did have some teething issues at the start but it was due to being a new customer and they asked for some extra documents.

Some people tend to sign up to get trading immediately and then forget to complete stuff lol

Quoting kry5t1an
ok, thank you very much for sharing. Are you using this strategy? What resaults? maybe some another filters required to improve resaults?
Although I have shared my system, the success if also based on your understanding of the market.

Market structure is is crucial for it to work, you need to know when the market is ranging and stay out and then execute once the trend starts which I've shared my favourite style of setup in previous pages. (First pullback after the EMA's flip on the lower timeframe in the direction of the higher timeframe overall trend).

The first entry is the highest probability & that usually acts as my buffer for the day in case I get any losses but Nova has been great for me and others here using it have managed to work it out too.

One thing to note, it's always best to move stops to break even when at a 1:1.
You can lead a horse to water, but you can't make it drink
  • #726
  • Dec 11, 2024 10:08am Dec 11, 2024 10:08am
Surely most have had success this week with this trend on gold?

Last 2 weeks were ranging horribly but has been much better this week!

Some tips with gold though:

 

  1. When london opens and we are in an uptrend price will tend to sweep the high and then the low of the asian session. Most times it'll only sweep the low before continuing up.
  2. When new york opens in the same trend it very likely will sweep the london session high, then low and back up again with news.

How I like to look at it, if price is due to make a pullback I will wait for a sweep of the highs and for change of character before taking any counter trend trades.

Nova also works best on the 1M when your HTF Nova is crossing 0 in the direction of the overall trend.

Hope what I am saying is making sense

Have had a new addition to the family so I have been so tired and I've been coming onto the charts feeling like this >

Hope you're all well!

Quoting Degolep
Is it possible to get alerts for every 0 cross? Because now its only once
Did you select it to alert every time in the 'Create Alert' option?

You will need to select 1 for bullish and 1 for bearish though but this will work great if you set it for your HTF i.e M5/M15/H1.

Just helps you to know when it's go time to start looking for entries on the LTF (M1).
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You can lead a horse to water, but you can't make it drink
  • #727
  • Dec 11, 2024 10:35am Dec 11, 2024 10:35am
NAS100 producing absolutely amazing trades today with Nova.

All of these trades are marked as 1:4 RR and 6W 1L for a 23R on this current 1M trend!

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Imagine having the balls to just hold the first entry lol

26R in 1 trade.
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You can lead a horse to water, but you can't make it drink
  • #728
  • Dec 11, 2024 11:17am Dec 11, 2024 11:17am
Could you somebody share a template from tradingview? I found this indicator, but I would like to have exactly the same chart like author of this method.
Now I see my background is always white...
  • #729
  • Dec 12, 2024 5:21am Dec 12, 2024 5:21am
Quoting kry5t1an
Could you somebody share a template from tradingview? I found this indicator, but I would like to have exactly the same chart like author of this method. Now I see my background is always white...
I think it's just default Nova (xkwisit has changed a few colours from default), and an EMA ribbon. 50, 100, 200 from memory but any short, medium, long combination should be fine.
  • #730
  • Dec 12, 2024 5:26am Dec 12, 2024 5:26am
Quoting xkwisit2001
Have had a new addition to the family so I have been so tired and I've been coming onto the charts feeling like this >
Congrats
  • #731
  • Dec 12, 2024 5:33am Dec 12, 2024 5:33am
Quoting xkwisit2001
Surely most have had success this week with this trend on gold? Last 2 weeks were ranging horribly but has been much better this week! Some tips with gold though: When london opens and we are in an uptrend price will tend to sweep the high and then the low of the asian session. Most times it'll only sweep the low before continuing up. When new york opens in the same trend it very likely will sweep the london session high, then low and back up again with news. How I like to look at it, if price is due to make a pullback I will wait for a sweep of...
Would it be possible to get alerts when the line crosses 0 when also when its the correct bullish/bearish momentum color change?
Attached Image (click to enlarge)
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Anything above the line is an uptrend, below the line is a downtrend.
  • #732
  • Dec 12, 2024 8:44am Dec 12, 2024 8:44am
Quoting TableTop
{quote} Congrats
Thanks bud!
You can lead a horse to water, but you can't make it drink
  • #733
  • Dec 12, 2024 8:48am Dec 12, 2024 8:48am
Quoting Degolep
{quote} Would it be possible to get alerts when the line crosses 0 when also when its the correct bullish/bearish momentum color change? {image}
I am going to be launching an update for the indicator so I will add that also.

So do you mean when the background changes colour from black and then there is a bar in line with the signal line?

If it includes the signal line then you will miss trades though as quite often the signal line is curving up and hasn't crossed and will cross on the next histogram volume bar to print.

Good news though, I have incorporated the moving averages on chart and also the pivot dots on the chart to show market structure for the new update so it will be more of an all in one indicator for those who don't have a tradingview subscription.
You can lead a horse to water, but you can't make it drink
  • #734
  • Dec 12, 2024 8:51am Dec 12, 2024 8:51am
Nova Gold today, its all for me, 1% proffit for my accountttt
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  • #735
  • Dec 12, 2024 9:10am Dec 12, 2024 9:10am
GU Nova
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  • #736
  • Dec 12, 2024 9:30am Dec 12, 2024 9:30am
Quoting LinuxBoy97
GU Nova {image}
Great work!

I just got into this on NAS100

Aiming for 3R and will take some off and let it run.

Perfect power of 3 play as price was ranging, manipulated down and then as soon as price closed back into the range I got in.

Didn't exactly follow nova as it was something I knew was coming though
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You can lead a horse to water, but you can't make it drink
  • #737
  • Dec 12, 2024 2:35pm Dec 12, 2024 2:35pm
Update to last post:

TP was hit nicely

There were also nova entries when the EMA's flipped.
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You can lead a horse to water, but you can't make it drink
  • #738
  • Edited 3:48pm Dec 12, 2024 3:19pm | Edited 3:48pm
Quoting xkwisit2001
{quote} I am going to be launching an update for the indicator so I will add that also. So do you mean when the background changes colour from black and then there is a bar in line with the signal line? If it includes the signal line then you will miss trades though as quite often the signal line is curving up and hasn't crossed and will cross on the next histogram volume bar to print. Good news though, I have incorporated the moving averages on chart and also the pivot dots on the chart to show market structure for the new update so it will be...
When the yellow line crosses 0 on the first bar when the background changes color. I noticed this are the most powerfull signals.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-12-12 22_30_35-NAS100USD 21,665.4 ▼ −0.33% Nova Volume.png Size: 31 KB

All good winners. I marked them with blue on nova.
Anything above the line is an uptrend, below the line is a downtrend.
  • #739
  • Dec 12, 2024 3:34pm Dec 12, 2024 3:34pm
Quoting xkwisit2001
{quote} I am going to be launching an update for the indicator so I will add that also. So do you mean when the background changes colour from black and then there is a bar in line with the signal line? If it includes the signal line then you will miss trades though as quite often the signal line is curving up and hasn't crossed and will cross on the next histogram volume bar to print. Good news though, I have incorporated the moving averages on chart and also the pivot dots on the chart to show market structure for the new update so it will be...
Excited to hear that there might be an update upcoming!

If you are in the updating process currently, I‘d have another suggestion for an additional feature: Since many of us follow your HTF approach, would it be possible to add an option that allows changing the timeframe?
So for example while watching the M1 chart you could add another NOVA indicator above/below, that displays the signal line of M15 for example. Split screen does the job as well of course, and I don’t know how much of an effort it would be to add that (maybe it’s even already possible but I just don’t know how?).
But maybe it is easy to add and you find it worth considering as well!

Thanks for your efforts as always, it’s really highly appreciated what you are doing here! Oh, and of course congrats to your new family member as well from my side!
  • #740
  • Dec 12, 2024 4:03pm Dec 12, 2024 4:03pm
Quoting Degolep
{quote} When the yellow line crosses 0 on the first bar when the background changes color. I noticed this are the most powerfull signals. {image} All good winners. I marked them with blue on nova.
Oh yeah, I can do that. It will be in the next update which will be a big one so keep any suggestions coming as I'll try and get as much implemented as possible.

The first bar can be the best entry but the issue is that sometimes there will be a big bar fake out and i'll reverse.

If you scour the charts for any moves that hit +200 or -200 they most times tend to pullback hard but that can be an entry method... to enter maybe on 50% of the last big bar to eliminate that happening.

However, if it works for you and you end up making way more R:R then the losses are just the cost of playing.

You'll work it out over time what works best for you but in the meantime I'll get onto that and have an update soon.
You can lead a horse to water, but you can't make it drink
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