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Nova Volume Trading System

  • #21
  • Oct 29, 2024 10:06pm Oct 29, 2024 10:06pm
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

Attached Image (click to enlarge)
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You can lead a horse to water, but you can't make it drink
  • #22
  • Oct 29, 2024 10:40pm Oct 29, 2024 10:40pm
Backtest and let me know how it works out for you. I will be posting more examples tomorrow based on... tomorrow
You can lead a horse to water, but you can't make it drink
  • #23
  • Oct 29, 2024 10:58pm Oct 29, 2024 10:58pm
Quoting xkwisit2001
Guys if you think I'm wasting my time let me know and I'll stop
Not at all. Au contraire.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #24
  • Oct 29, 2024 11:04pm Oct 29, 2024 11:04pm
Bearish entries on GOLD - 12 R @ 1:2 = 24 % if based on 1% per trade.

2 Losses so take off 2% which is 22%

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You can lead a horse to water, but you can't make it drink
  • #25
  • Oct 29, 2024 11:14pm Oct 29, 2024 11:14pm
If going for 1:1.5 then the results will be even better but for me personally I focus on 1:2 as its easier and also its subjective. I would never let a trade almost hit TP and then hit the SL.

It's always best to break even at 1:1 but results will vary if you do so.

Eitherway, I hope this helps and I'll be back tomorrow if any questions.
You can lead a horse to water, but you can't make it drink
  • #26
  • Oct 29, 2024 11:23pm Oct 29, 2024 11:23pm
Hi, looks interesting and I will have a play on TV and let you know.
Are the default settings what you are using on M1 charts?
Thanks
Its all just one persons opinion
  • #27
  • Oct 29, 2024 11:26pm Oct 29, 2024 11:26pm
Quoting axecap
Hi, looks interesting and I will have a play on TV and let you know. Are the default settings what you are using on M1 charts? Thanks
Yes default settings for every timeframe, however its up to you what you change them to suit your style.

Those are just what I use personally

MT4/5 indi will be posted soon
You can lead a horse to water, but you can't make it drink
  • #28
  • Oct 29, 2024 11:37pm Oct 29, 2024 11:37pm
The beauty of the indicator is that you only need to use common sense if you understand market structure. It will save you during ranging markets BUT you need to understand the structure of the market.

I cant force feed chart knowledge so you need to at least learn about how the market moves and the different phases to understand why this works.

It is profitable if used blindly but if you have more experience then you'll know which entries are valid and it will change your life. It's changed mine eitherway hence why I'm sharing.

Nobody ever shares knowledge without it working for them first but I know how people can be on this site so I'm only posting to help those actually willing to learn and understand.

If someone can test 100 times that will be great for youtube haha
You can lead a horse to water, but you can't make it drink
  • #29
  • Oct 30, 2024 1:31am Oct 30, 2024 1:31am
Interested, will wait for the MT4 indicator to test
Trade Without Fear
  • #30
  • Oct 30, 2024 1:42am Oct 30, 2024 1:42am
Hi! I have been trading for a year now and still consider myself a beginner. I am lucky that I get to be here early. I will wait for the MT4/5 then test it on demo. Thank you for all your effort on sharing your knowledge to us.
Build habits through consistency
  • #31
  • Oct 30, 2024 2:03am Oct 30, 2024 2:03am
Quoting xkwisit2001
Guys if you think I'm wasting my time let me know and I'll stop
No carry on, very interested
Trade Without Fear
  • #32
  • Oct 30, 2024 2:23am Oct 30, 2024 2:23am
the emas doesnot come with the indicator? what emas are you using?
  • #33
  • Oct 30, 2024 3:20am Oct 30, 2024 3:20am
Quoting xkwisit2001
Guys if you think I'm wasting my time let me know and I'll stop
keep it going,this is intresting ,though i'm more used to mt4/mt5 platform. will keep following to know more. Thanks
  • #34
  • Oct 30, 2024 3:55am Oct 30, 2024 3:55am
Hello and thanks for the sharing. Several questions please:
Quoting xkwisit2001
If the EMA is pointing upward at a clear slope
There are 3 EMAs, which one slope is a signal?

You (or the Author of Nova system) use classic 3 EMA method for HTF trend confirmation - it's lagging as all MAs but it's ok and usable. The question is:
Quoting marcostyler
What emas are you using?
If you say (and I hope that)
Quoting xkwisit2001
It is profitable if used blindly
then it can be EA-converted and tested automatically. But there is no MT4/5-version and TV-version was publshed 16 hours ago only. I want to kindly ask how long have you back tested it? And, the general question, how long have you forward tested it?

Thank you once again for all your work!
Just an opinion. Based on research
  • #35
  • Oct 30, 2024 4:59am Oct 30, 2024 4:59am
Hi, have had some good results but thought I would ask about this.
NZDUSD M15 chart.
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The lower oscillator gave me a timely signal (vertical dotted red line) for this 46 pip move up. The nova didnt give a signal at all.
It was a high volitality move...and early obdservations show the nova works better on slower moves.
This isnt a crirism but just some early feedback.
Thanks
Its all just one persons opinion
  • #36
  • Oct 30, 2024 5:46am Oct 30, 2024 5:46am
Right, good morning/afternoon/evening all

I am going to add further insights based on the questions asked as I didn't actually mention them. I was pretty tired last night so apologies.

Will also then edit first few posts so things are clearer.

Bare with me
You can lead a horse to water, but you can't make it drink
  • #37
  • Oct 30, 2024 5:53am Oct 30, 2024 5:53am
The Nove Volume Trading System claims to help traders capitalize on market volume trends, focusing on volume spikes and dips to predict price movements. It’s intriguing for those looking to refine entry and exit points, but is it truly effective? Has anyone here tried it, and if so, what were the results?
  • #38
  • Oct 30, 2024 5:56am Oct 30, 2024 5:56am
Quoting Abhiram431
The Nove Volume Trading System claims to help traders capitalize on market volume trends, focusing on volume spikes and dips to predict price movements. It’s intriguing for those looking to refine entry and exit points, but is it truly effective? Has anyone here tried it, and if so, what were the results?
There is only 2 pages 2 read...Have a look
Its all just one persons opinion
  • #39
  • Oct 30, 2024 6:19am Oct 30, 2024 6:19am
Right let me explain the EMA's (will update the first few posts after)

In the settings of the indicator you can choose which ema you wish to use my default is the 200 for filtering out the trading signals which can be changed here:

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I use the 50, 100 and 200 EMA - These are personal to me and I mainly focus on the 200 for trend direction. The 50 & 100 Emas for me are areas where I may place a stop loss if I am unsure about the stop loss and we are close to or inside the EMA's.

You'll find that like the trendlines you trade away from them which is the same with the EMA's unless there of course is a trend change where you will find the downtrend truly begin once price breaks out on the other side of the ema trend causing them to flip as seen below:

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You can lead a horse to water, but you can't make it drink
  • #40
  • Oct 30, 2024 6:25am Oct 30, 2024 6:25am
Quoting axecap
Hi, have had some good results but thought I would ask about this. NZDUSD M15 chart. {image} The lower oscillator gave me a timely signal (vertical dotted red line) for this 46 pip move up. The nova didnt give a signal at all. It was a high volitality move...and early obdservations show the nova works better on slower moves. This isnt a crirism but just some early feedback. Thanks
Thanks for pointing this out Axecap.

Personally, I don't tend to focus on 15m and higher for entries as I am more of an in and out kind of person. I love to get my risk off the table as soon as possible so I do find myself using the 1m and 5m charts.

However where the volume starts coming into the market where the background was white (black for dark mode users) then you could dial into the lower timeframe (1m/5m) and look for earlier entries.

I don't think I fully addressed the multi timeframe approach to the system but that is what I would do. If you trade the higher timeframe direction then dial down and start looking for entries.

For this system I have found the best results when there is a recent swing (high or low) and I will primarily focus on trading with the trend.

Once you start focussing on volume then you will begin to start feeling out your own intuition to enter trades that are not actually part of the system hence why I would like people to use it alongside their own current systems and get a better feel for what it is telling you... use it as a confluence to begin with and not a strategy.

Hope this helps & makes sense bud
You can lead a horse to water, but you can't make it drink
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