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Nova Volume Trading System

  • #761
  • Dec 15, 2024 3:06pm Dec 15, 2024 3:06pm
Quoting wens
Maybe it will be useful to someone! {image} {file} {file}
Not sure what this has to do with this thread. Not seeing any context either.
You can lead a horse to water, but you can't make it drink
  • #762
  • Dec 15, 2024 6:24pm Dec 15, 2024 6:24pm
Quoting xkwisit2001
Was having a little play around with something that Lubedaddy mentioned about the background change on Nova M5. If following structure and price is bullish on the HTF, If you start marking the background colour change on the M5 with a vertical line and enter with stops at the recent low you can get some really good returns. I am using an indicator to show the market structure in the image but targeting the major swings which are the blue dots as take profit you can see its extremely profitable. There were many many other entries on the M1 but I...
can you share your combine indicator of 3ema + market structure im only using free tradingview so i cant put 3 indicator thank you bro !
  • #763
  • Dec 15, 2024 7:46pm Dec 15, 2024 7:46pm
Hi everyone,

I am now trying out this strategy since it looked really promising.
What do you guys think fo this setup for EURUSD. Entry on the 1 minute from a pivot level targeting the first next support pivot level.
It's targeting a 1:38RR.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 1 hour target.png Size: 60 KB
Click to Enlarge Name: EURUSD 1Min 16-12.png Size: 58 KB
  • #764
  • Dec 16, 2024 1:38am Dec 16, 2024 1:38am
Quoting tapikotakupe
{quote} can you share your combine indicator of 3ema + market structure im only using free tradingview so i cant put 3 indicator thank you bro !
It'll be in the new Nova update I release this week
You can lead a horse to water, but you can't make it drink
  • #765
  • Dec 16, 2024 4:58pm Dec 16, 2024 4:58pm
Quoting xkwisit2001
{quote} It'll be in the new Nova update I release this week
alright thank you bro
  • #766
  • Dec 16, 2024 8:12pm Dec 16, 2024 8:12pm
Will this indicator also come for mt4/5?
  • #767
  • Dec 17, 2024 2:38am Dec 17, 2024 2:38am
my only problem about this strategy is calculating lot size, sometimes the candle just go fast and im still calculating my lot size
  • #768
  • Dec 17, 2024 2:48am Dec 17, 2024 2:48am
Very simple trading. Good stuff. Looking forward to the updates. I like to use this as confluence on the 1m trading crypto. Keeps me out of false break outs as well as keeps me in the trend a little longer to just breakeven if the trade is not necessarily going in my direction.
  • #769
  • Dec 17, 2024 8:18am Dec 17, 2024 8:18am
Quoting Lionusd
my only problem about this strategy is calculating lot size, sometimes the candle just go fast and im still calculating my lot size
I recommend using an MT4 expert called Position Sizer.
You can download it here for free: https://www.earnforex.com/metatrader...osition-Sizer/

You can select the preferred position size per trade (i.e. 1 % of your account), and the expert calculates the lotsize automatically for you. You can also set a fixed TP (i.e. 2R), and then you just need to drag a line to the stop level of your trade, the rest happens automated. Hope this helps! :-)
  • #770
  • Dec 17, 2024 6:06pm Dec 17, 2024 6:06pm
Quoting LubeDaddy
{quote} I recommend using an MT4 expert called Position Sizer. You can download it here for free: https://www.earnforex.com/metatrader...osition-Sizer/ You can select the preferred position size per trade (i.e. 1 % of your account), and the expert calculates the lotsize automatically for you. You can also set a fixed TP (i.e. 2R), and then you just need to drag a line to the stop level of your trade, the rest happens automated. Hope this helps! :-)
You are awesome thank you
  • #771
  • Dec 17, 2024 10:49pm Dec 17, 2024 10:49pm
sharing my combination for this indicator. basic market structure + this indicator for entry 15mins + 1min for entry
1st picture as you can see this is my range for 15 mins + internal range
2nd picture for entry
3rd pic tp if
if entry signal is to far away in lower low of entry im not taking it or else adjust your sl for big just to be sure
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 55 KB
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Click to Enlarge Name: screenshot.png Size: 47 KB
  • #772
  • Dec 18, 2024 1:31am Dec 18, 2024 1:31am
Quoting Goran56
Will this indicator also come for mt4/5?
No it will not, refer to earlier posts.

Regards,
BT
  • #773
  • Dec 18, 2024 5:14am Dec 18, 2024 5:14am
+1.3r for today, I was at 1.9, then market went a bit down and started creating something like double top formation, I didn't like It and pulled out at 1.3r
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 114 KB
  • #774
  • Dec 18, 2024 5:29am Dec 18, 2024 5:29am
Quoting Ju4ara
+1.3r for today, I was at 1.9, then market went a bit down and started creating something like double top formation, I didn't like It and pulled out at 1.3r {image}
apparently I should've hold, it worked out
  • #775
  • Dec 18, 2024 6:16am Dec 18, 2024 6:16am
NAS - not one that I would normally take before the equity open but tight consolidation leading to a news event and a breakout. Took most off at the previous day close and trailing the remainder.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
  • #776
  • Dec 18, 2024 8:57am Dec 18, 2024 8:57am
Quoting TableTop
NAS - not one that I would normally take before the equity open but tight consolidation leading to a news event and a breakout. Took most off at the previous day close and trailing the remainder. {image}
Great trade, buddy!
  • #777
  • Dec 18, 2024 10:04am Dec 18, 2024 10:04am
Little update.

Alerts are working and soon ready for update to be released.

Just working on the dashboard which has been a pain in the ass but love seeing everyone enjoying the indicator in its current form.
You can lead a horse to water, but you can't make it drink
  • #778
  • Dec 18, 2024 11:22pm Dec 18, 2024 11:22pm
first picture entry in 1 min, 2nd picture my htf 15mins confluence to look for long is because there is a big imbalance in htf even if the overall trend is bearish i use this to counter trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
Click to Enlarge Name: screenshot.png Size: 39 KB
  • #779
  • Dec 19, 2024 5:11am Dec 19, 2024 5:11am
what news do we need to avoid using this system?
  • #780
  • Dec 19, 2024 12:09pm Dec 19, 2024 12:09pm
This is crazy to combine with Elliot wave analysis! I see my entries on the chart without indicators, but this indicator also has triggers at the same places where I see my entries. Also, I don't always see my entries so the indicator could be telling you, 'there is indeed a set up'.
I also like that you say market structure and volume are the most important things. I agree, I have always seen it in that way too. For market structure, I reduce everything to the Elliot wave theorie if possible, since I believe everything can be reduced to it. HTF/LTF symmetry is amazing with it.
How can I thank you?
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shimeji