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Nova Volume Trading System

  • #1,121
  • Jun 11, 2025 2:15pm Jun 11, 2025 2:15pm
So if i had taken this trade, I would have just set to BE as there is support above the entry.
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  • #1,122
  • Jun 11, 2025 2:16pm Jun 11, 2025 2:16pm
Quoting xkwisit2001
{quote} Late for who?
nevermind.. do I need a premium account. for the indicator?
What's Trading?
  • #1,123
  • Jun 11, 2025 2:19pm Jun 11, 2025 2:19pm
Quoting DragM
{quote} nevermind.. do I need a premium account. for the indicator?
No the free TV works just fine. But you do need tradingview to use it.
You can lead a horse to water, but you can't make it drink
  • #1,124
  • Jun 11, 2025 2:21pm Jun 11, 2025 2:21pm
So for this trade you would be targeting the last high at least. So there is no way you should be taking a loss on this one. Break even at most.
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You can lead a horse to water, but you can't make it drink
  • #1,125
  • Jun 11, 2025 2:22pm Jun 11, 2025 2:22pm
Quoting xkwisit2001
{quote} No the free TV works just fine. But you do need tradingview to use it.
idk it doesn't want to work with my trading view beside it is shows two circles with lines through them
What's Trading?
  • #1,126
  • Jun 11, 2025 2:25pm Jun 11, 2025 2:25pm
Quoting DragM
{quote} idk it doesn't want to work with my trading view beside it is shows two circles with lines through them
You may need to choose a different broker chart because some brokers don't offer their data feeds on tradingview.

Use this:
https://www.tradingview.com/script/v...y-SplitzMagic/
You can lead a horse to water, but you can't make it drink
  • #1,127
  • Jun 11, 2025 2:28pm Jun 11, 2025 2:28pm
So if this last minor high doesn't get broken I would definitely keep things at BE and wait to see if price wants to take out the low and then continue up.
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You can lead a horse to water, but you can't make it drink
  • #1,128
  • Jun 11, 2025 2:30pm Jun 11, 2025 2:30pm
Quoting xkwisit2001
{quote} You may need to choose a different broker chart because some brokers don't offer their data feeds on tradingview. Use this: https://www.tradingview.com/script/v...y-SplitzMagic/
oh yes forex.com doesn't allow it
What's Trading?
  • #1,129
  • Jun 11, 2025 2:33pm Jun 11, 2025 2:33pm
Hopefully this move will hit TP
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You can lead a horse to water, but you can't make it drink
  • #1,130
  • Jun 11, 2025 2:35pm Jun 11, 2025 2:35pm
And there we go... TP Hit lol

Please don't tell me Nova doesn't work and it's all hindsight as that's all I seem to hear from people lol

I rarely do it but I hope you enjoyed a live TP get hit
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  • #1,131
  • Jun 11, 2025 2:37pm Jun 11, 2025 2:37pm
Quoting DragM
{quote} oh yes forex.com doesn't allow it
Yeah some brokers don't show their feeds to tradingview
You can lead a horse to water, but you can't make it drink
  • #1,132
  • Jun 11, 2025 2:42pm Jun 11, 2025 2:42pm
And in the same period there were more entries that could have been taken... this is why I say I don't take every trade but the opportunities are there.

As I've said time and time again, the best entry is when price runs and the moving averages twist/flip.

First pullback to moving averages, nova entry signal, enter and wait for TP.

If it doesn't work then wait for price to make it's mind up before re-entering.
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You can lead a horse to water, but you can't make it drink
  • #1,133
  • Jun 12, 2025 3:31am Jun 12, 2025 3:31am
Quoting xkwisit2001
{quote} As of now, there isn't going to be an MT4/5 indicator because the way nova works is to use the data feeds from tradingview & the brokers on there which can't be used on MT4/5. If there's enough people that wish to have the indicator coded then I will look into it, otherwise it will be pointless to do it for only a small amount of people. With MT4/5 it will only be tick data from the broker they use as it's not possible to get the data from TV in MT4/5. There are a lot of good brokers on TV where you can trade on directly.
Hi xkwisit, the indicator looks good. Thx for sharing in the first place. I'm just curious, how is the tradingview data different from the mt4/5 data, unless one is using futures?
Isn't TW's data for forex not also tick data? Team mt4 version here btw
  • #1,134
  • Jun 12, 2025 3:46am Jun 12, 2025 3:46am
Quoting Mojoloto
{quote} Hi xkwisit, the indicator looks good. Thx for sharing in the first place. I'm just curious, how is the tradingview data different from the mt4/5 data, unless one is using futures? Isn't TW's data for forex not also tick data? Team mt4 version here btw
Tradingview does not have data it is a platform...same as mt4 is a platform. The data comes from the broker you connect to, with your chosen platform being mt4 , Ctrader etc etc. With Tradingview you can connect to any one of many brokers whoi choose to supply data to Tradingview. Depending on the broker you connect to for data the volume of any FX pair will vary. Brokers can only provide you with volume traded through their brockerage, FX is not centralisd. So... each broker will have different levels depending on where they get their data feed from or the number of clients they have trading.
If you look back to early posts, IC markets has the most volume of Fx so whatever volume indicator you use , the most accurate data would come from the broker with the most volume. The OP trades through IC markets , or you take a free account with TV hooked up to IC markets and then trade on whetever platform or broker you choose.
Its all just one persons opinion
  • #1,135
  • Jun 12, 2025 3:52am Jun 12, 2025 3:52am
If you have the right data/broker feed, the Nova Volume indicator gives an amazing edge with regard to volume, for executing a trade
Its all just one persons opinion
  • #1,136
  • Jun 12, 2025 4:23am Jun 12, 2025 4:23am
To also add, the data provided on tradingview from brokers will differ as each broker has different liquidity pools and trading volume from their clients.

If you use a centralised data feed like if you purchase the comex package on tradingview, you will then see the true global volume.

It will always be BEST to use nova with centralised feeds but for fx the broker instrument with the most volume will give better results hence why I use IC Markets.

Doesn't mean you can't use it on other brokers but their data is decentralised so I would rather use the broker with the most volume/liquidity.
You can lead a horse to water, but you can't make it drink
  • #1,137
  • Jun 12, 2025 4:30am Jun 12, 2025 4:30am
Monster trade if anyone was able to catch anything from this move

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  • #1,138
  • Jun 12, 2025 4:42am Jun 12, 2025 4:42am
Quick rule I stick to: once the trade hits 1:1 RR, I move to break even. Yeah, you’ll get tagged out sometimes, but it keeps your capital safe which is priority number one.

If you’re in profit and you spot a solid opposite engulfing candle, just get out. No ego, no guessing you need to protect the bag.

With Nova, there are endless setups across all pairs and instruments, so there’s no need to force trades or go full Rambo trying to catch every move. That’s how accounts get wrecked.

Like I’ve said loads of times, the cleanest setups are when price makes a strong move, the moving averages flip, and then price pulls back to them. That’s where you want to see your first Nova signal, ideally in line with that original push. That’s the entry.

Go for a 2:1 RR, and either let it hit TP or move to BE and chill.

Gold especially can be cheeky as sometimes the first signal taps you out and the second one nails it. Just part of the game.

I just like to keep stacking the R:R and then I don't really care about losses or break even.
You can lead a horse to water, but you can't make it drink
  • #1,139
  • Jun 12, 2025 4:48am Jun 12, 2025 4:48am
For anyone trading gold, until price runs the last major swing high or swing low (M1) I would stay out because it'll most likely consolidate within that range for a while until NY open.
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  • #1,140
  • Edited 5:41am Jun 12, 2025 5:04am | Edited 5:41am
hi bud

is this crucial before taking a trade?

'the moving averages flip'

also when you say flip doe that mean in layman terms the top moving average goes to bottom and the bottom goes to top, sorry is this sounds a dumb question
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