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Nova Volume Trading System

  • #121
  • Nov 1, 2024 4:09am Nov 1, 2024 4:09am
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.
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  • #122
  • Nov 1, 2024 6:07am Nov 1, 2024 6:07am
Quoting cuchuflito
ПРЕВОСХОДНО! Вот еще один с диверсией, обратите внимание, что я соединяю максимум с сигнальным...
looks very interesting, I'll wait for the backtest results
  • #123
  • Nov 1, 2024 7:15am Nov 1, 2024 7:15am
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heres another live trade using the regression Candles and Nova.

Entered when Candles were deep red...and Nova made a strong green bar all whilst respecting htf structure..
  • #124
  • Nov 1, 2024 7:22am Nov 1, 2024 7:22am
These look good...
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  • #125
  • Edited 9:04am Nov 1, 2024 8:47am | Edited 9:04am
Accidentally read this thread and became interested. Took few trades and I was completely blown away.

Background : I am an ICT student (More than 1.5 years), so I combine his tools with this indicator and EMA.

Some trades on EU. Won 3/6
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Took 2 on Gold. Won one and 2nd is not done yet. Edit : Lost Second one so its 1/2.
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  • #126
  • Nov 1, 2024 9:12am Nov 1, 2024 9:12am
Quoting cuchuflito
Thanks a million Xk man for this thread! I trade only EURUSD M2, based on Stop Run by the Big Boys Algos. This is the first time a volume Indicator makes sense to me, added value is that I also use Ic Markets. Here´s an example of volume diversion, I did not take the trade, news too close, and I am missing a liquidity run. {image}
You're welcome Cuchuflito, I am glad you are finding value in Nova

Quoting afdx
Morning trades 2 win each one 2 R totaly 4R. {image}
Great work! - I am yet to trade today as I don't like friday especially with NFP

Quoting MachineLearn
{image} heres another live trade using the regression Candles and Nova. Entered when Candles were deep red...and Nova made a strong green bar all whilst respecting htf structure..

How did the trades do? love that you have found your system.

Most threads here focus on a mechanical approach, I've shared the system to explain how I use it but it's literally out there for people to see what works for them.

I will soon start playing around with gold futures where centralised volume
You can lead a horse to water, but you can't make it drink
  • #127
  • Nov 1, 2024 9:18am Nov 1, 2024 9:18am
Quoting xkwisit2001
{quote} I will soon start playing around with gold futures where centralised volume
I trade Gold and Index Futures on 5 Min and 1 Hour TFs and would love to test MT5 version of this indicator.
  • #128
  • Nov 1, 2024 10:40am Nov 1, 2024 10:40am
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  • #129
  • Nov 1, 2024 10:46am Nov 1, 2024 10:46am
Quoting MachineLearn
{image}
Done
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  • #130
  • Nov 1, 2024 11:10am Nov 1, 2024 11:10am
Quoting MachineLearn
{quote} Done {image}
Really like the colour changing candles, I have it on my chart now
You can lead a horse to water, but you can't make it drink
  • #131
  • Nov 1, 2024 11:48am Nov 1, 2024 11:48am
Some good trades available today - I don't trade fridays but if you had managed to get into those thats 8R

The first loss would have been a silly one because the previous low was broke but I added it because some may have actually taken it
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You can lead a horse to water, but you can't make it drink
  • #132
  • Nov 1, 2024 12:08pm Nov 1, 2024 12:08pm
Quoting xkwisit2001
{quote} Really like the colour changing candles, I have it on my chart now
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!
  • #133
  • Nov 1, 2024 12:20pm Nov 1, 2024 12:20pm
For those who like to trade 1 or 2 trades per day this is what I would call A+ setups.

They occur often and will usually be the start of a trend.

Bearish: When you see the moving averages squeeze close and start to slope down you will want price to break the 200EMA with good volume which could be the first entry. The moving averages will then start to flip. Then you can follow up with continuation entries to SELL using Nova.

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Bullish is opposite: When you see the moving averages squeeze close and start to slope up you will want price to break the 200EMA with good volume which could be the first entry. The moving averages will then start to flip. Then you can follow up with continuation entries to BUY using Nova.

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Quite often there will only be a certain amount of impulse moves during the trend till it starts to die off to continue or reverse.
You can lead a horse to water, but you can't make it drink
  • #134
  • Nov 1, 2024 12:26pm Nov 1, 2024 12:26pm
If entering on the big impulse moves down you can find yourself safe even though the stop loss will be bigger but I use a trade calculator to sort out my lot sizes.

But even after the consolidation on the current trade we are still win.

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There was also another entry during the last winning trade which could hit TP

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You can lead a horse to water, but you can't make it drink
  • #135
  • Nov 1, 2024 12:37pm Nov 1, 2024 12:37pm
IC Markets XAUUSD vs Gold Futures Centralised Volume

XAU USD
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Gold Futures
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You can lead a horse to water, but you can't make it drink
  • #136
  • Nov 1, 2024 1:07pm Nov 1, 2024 1:07pm
Quoting xkwisit2001
IC Markets XAUUSD vs Gold Futures Centralised Volume XAU USD {image} Gold Futures {image}
Hey there

What time of day do you usually trade, from London open or?

Thx

PC
Less is more...
  • #137
  • Nov 1, 2024 1:23pm Nov 1, 2024 1:23pm
Quoting pipcruiser
{quote} Hey there What time of day do you usually trade, from London open or? Thx PC
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 entries to go around.

Have a few people trading prop accounts doing well just taking 1 or 2 trades.

Another just hit as I've been typing this.

If you check the histo the first one with an X wasnt an entry because the signal line was above zero (for anyone else reading)

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You can lead a horse to water, but you can't make it drink
  • #138
  • Nov 1, 2024 1:40pm Nov 1, 2024 1:40pm
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  • #139
  • Nov 1, 2024 1:45pm Nov 1, 2024 1:45pm
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  • #140
  • Nov 1, 2024 2:06pm Nov 1, 2024 2:06pm
Quoting MachineLearn
{image}
These blue/red candles with the nova are really good - both compliment each other perfectly

Good stuff MachineLearn

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You can lead a horse to water, but you can't make it drink
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