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Nova Volume Trading System

  • #821
  • Jan 4, 2025 12:04pm Jan 4, 2025 12:04pm
Quoting hkhan2805
@xkwisit2001 Dude, first off im really grateful for you taking the time and effort to make and put out this indicator, took me a while to read the entire thread, and it caught my attention mainly because of the samuel jackson pfp. With 10 years of experience on here, i have nothing but respect for you. Nova makes one hell of a confluence if used appropriately. cant believe you still find the time to be on here with a newborn and a job with all that youve got. i am fairly new (just a few months of experience with the markets) and just wanted to share...
Thank you for the kind message, you definitely did read the full thread and hopefully you picked up the gems along the way as they will help you.

I've actually been very inactive during this period due to working on things, some rest and of course family but I'll be back on Monday. There is alot of work to do from here as I'm just about to release new stuff... Just working out the best way to roll it out.

Trading prop firm accounts can be a little tricky on the low timeframes like M1 and M5 but the higher you go up you'll get better results.

Don't get me wrong, you can trade the M1 but the spread can kill the entry more often and as we are using precision on M1 I wouldn't really trade the lower times.

The ideal time frame for me would be H1/H4 charts for prop accounts as you'll be taking less entries but better results and it'll teach you patience.

There are a good number of opportunities on H1 especially so using Nova is all about how you would like to trade. You can follow what I do and if it works for you and you don't need to change anything then that's great but most of the time traders will modify something which is why I have always stated results can be subjective and to incorporate in your own systems first... If you don't yet have one then give mine a go but definitely use higher timeframes if you are using a prop firm.

My personal broker is zero spreads and really good volume so I benefited using the lower timeframes.

Love that you noticed the Samuel L Jackson image, believe it or not people think that's actually me sometimes
You can lead a horse to water, but you can't make it drink
  • #822
  • Jan 4, 2025 3:54pm Jan 4, 2025 3:54pm
Just a tip for trading M1 charts on MetaTrader 5

Use TradingView as your charting resource and MetaTrader for placing orders.

If you want to quickly calculate position sizing, here’s a fantastic tool:

Download the 'Quick Trade MT5' Trading Utility for MetaTrader 5 in MetaTrader Market

Simply select the percentage of your account you want to risk and define the stop-loss zone using the CTRL button.

It works like a charm for fast-paced timeframes.
He bought? Dump it!
  • #823
  • Jan 5, 2025 4:11am Jan 5, 2025 4:11am
Hello xkwisit2001, I can't find indicator Nova Volume on tradingview.com. Is this a paid option?
  • #824
  • Jan 5, 2025 8:10am Jan 5, 2025 8:10am
Quoting Xabar77
Hello xkwisit2001, I can't find indicator Nova Volume on tradingview.com. Is this a paid option?
From post number 2 in this thread:
https://www.tradingview.com/script/v...y-SplitzMagic/
  • #825
  • Jan 5, 2025 7:17pm Jan 5, 2025 7:17pm
Quoting xkwisit2001
{quote} Thank you for the kind message, you definitely did read the full thread and hopefully you picked up the gems along the way as they will help you. I've actually been very inactive during this period due to working on things, some rest and of course family but I'll be back on Monday. There is alot of work to do from here as I'm just about to release new stuff... Just working out the best way to roll it out. Trading prop firm accounts can be a little tricky on the low timeframes like M1 and M5 but the higher you go up you'll get better results....
is there any changes in the setting if we are using higher time frame like 1hr or 4hr?
  • #826
  • Jan 6, 2025 12:45am Jan 6, 2025 12:45am
Quoting lynnc
{quote} From post number 2 in this thread: https://www.tradingview.com/script/v...y-SplitzMagic/

thank you very much for your answer
  • #827
  • Jan 6, 2025 8:00am Jan 6, 2025 8:00am
Gold M1 chart. Friday closed red and coming into the NY session the day's high is hit and fails to break out (breakout stops triggered). Around 0830 (New York) the EMA's start to stack (I'm using 20/50/200 but any short/med/long should do), and a couple of minutes later Nova gives the signal and entries are around 2640.

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Most of the position is closed at 2630 for 100 pips and a small trailer left open. Very low stress - almost no draw-down.
  • #828
  • Jan 7, 2025 6:58am Jan 7, 2025 6:58am
hey xkwisit2001, i really love your work and this absolute piece of beauty called nova, it has been so good trading with it past normal days.
i have just one question regarding your favourite setup, ema flip, pullback entry,
i saw something like this has been happening quite a lot on different majors and gold.

This current one is NZDUSD, i know the overall trend from htf doesnt align, but since it is also happening even tho the trend aligns i took it as a example bcs its most recent. Okay so basically the question, is this setup valid as to ur concern, or sum u would have done differently, and if it is valid, how would u go about entering this kind of pull back, i have marked out three opportunities which should be valid, so i wanna just get ur opinion on this.

thanks in advance
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  • #829
  • Jan 7, 2025 7:24am Jan 7, 2025 7:24am
Quoting Borgi
hey xkwisit2001, i really love your work and this absolute piece of beauty called nova, it has been so good trading with it past normal days. i have just one question regarding your favourite setup, ema flip, pullback entry, i saw something like this has been happening quite a lot on different majors and gold. This current one is NZDUSD, i know the overall trend from htf doesnt align, but since it is also happening even tho the trend aligns i took it...
Hey Borgi, I know you asked to xkwisit2001 but I just want to give my opinion as I'm interested too.

I would enter at the third opp. because I prefer to wait a strong false breakout followed by a strong pullback.

What I don't like about the previous ones: EMA's are kinda crossing and price didn't fully touch them (at least the 50 purple).
  • #830
  • Edited 8:30am Jan 7, 2025 7:36am | Edited 8:30am
Gold M15 - yesterday gave this 'spike-high', 'spike-low' pattern. I take this as a signal that 'something' will happen the next day (EDIT: and by 'something' I mean that it looks like someone is accumulating a position buy driving the market up, then down and closing somewhere in the middle). The morning sessions are all above the close and coming into the start of the US ssession there's a rising formation, so I'm looking for a long trade.

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On the M1, we get breakout of the previous day and then a pullback at the start of the NY open. In and out for about 70 pips (to a 00 round number, giving ~1:2.75 RR) in ~ 15 minutes.

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The Gold market will often put in a 50+ pip stop-hunt, so this and red news on the calendar means I'm more than happy to take this and come back for the news.
  • #831
  • Jan 7, 2025 8:00am Jan 7, 2025 8:00am
Quoting Borgi
hey xkwisit2001, i really love your work and this absolute piece of beauty called nova, it has been so good trading with it past normal days. i have just one question regarding your favourite setup, ema flip, pullback entry, i saw something like this has been happening quite a lot on different majors and gold. This current one is NZDUSD, i know the overall trend from htf doesnt align, but since it is also happening even tho the trend aligns i took it...

To add to what @smoki is saying. This is a great setup. Look at the timing...waiting for the new hour would have kept you out until the bigger pullback. Also, price action before the new hour is trapping shorts - big red candle, then reverse, several times and then a pump up at the start of the new hour to take any tight stops, and induce longs. The candle at 8 minutes past the hour engulfs all of that, and you've got an indication of volume strength from nova.

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This move ends at the end of a 15-minute candle (45 minutes into the hour). This was a well-engineered trade (10 pips in about 45 minutes)!
(EDIT: 10 pips not 100!!!)
  • #832
  • Jan 7, 2025 1:55pm Jan 7, 2025 1:55pm
Quoting smoki
{quote} Hey Borgi, I know you asked to xkwisit2001 but I just want to give my opinion as I'm interested too. I would enter at the third opp. because I prefer to wait a strong false breakout followed by a strong pullback. What I don't like about the previous ones: EMA's are kinda crossing and price didn't fully touch them (at least the 50 purple).
Quoting TableTop
{quote} To add to what @smoki is saying. This is a great setup. Look at the timing...waiting for the new hour would have kept you out until the bigger pullback. Also, price action before the new hour is trapping shorts - big red candle, then reverse, several times and then a pump up at the start of the new hour to take any tight stops, and induce longs. The candle at 8 minutes past the hour engulfs all of that, and you've got an indication of volume strength from nova. {image} This move ends at the end of a 15-minute candle (45 minutes into the...
Thanks to both of u guys, could see it more clearly now.

But one question to TabletTop, i have seen many of ur posts here, and im genuinely interested about ur strat, like do you only focus on PDL/PDH/PDC, some MTF analysis or just price action or like what do u do that makes it so clear for u. Also u are using some things i just havent learned about or just too lazy to apply, so yeah its very interesting to me personally. Just fyi im mainly focusing on S/R zones and market structure with the confluence of the nova, taking trades based on OPs strategy, so ur drive is kinda interesting to me and would like to know more if u are willing to share.

Again big thanks to u guys
  • #833
  • Jan 8, 2025 4:10am Jan 8, 2025 4:10am
Good day all, I am finally back!

I can't believe I haven't taken a trade in so long... Hope you all have green pips and I'll be posting some of my trades today!
You can lead a horse to water, but you can't make it drink
  • #834
  • Jan 8, 2025 7:04am Jan 8, 2025 7:04am
Quoting Borgi
{quote} {quote} Thanks to both of u guys, could see it more clearly now. But one question to TabletTop, i have seen many of ur posts here, and im genuinely interested about ur strat, like do you only focus on PDL/PDH/PDC, some MTF analysis or just price action or like what do u do that makes it so clear for u. Also u are using some things i just havent learned about or just too lazy to apply, so yeah its very interesting to me personally. Just fyi im mainly focusing on S/R zones and market structure with the confluence of the nova, taking trades...
My entries align with xkwisit's description, except I use 20/50/200 EMA rather than 50/100/200. I don't think it makes any difference on entries, but I will often check price in relation to the 20 ema on the m5 chart to help identify a reversal. I think you can get the same confirmation by checking the Nova signal line on the m5, but I've done it this way for a long time.

My strategy (is nothing new and based on stuff I've picked up on here, through books and a couple of decent YouTubers) is to trade setups (i.e. well-engineered patterns I can easily recognise). Very roughly:

The previous day/week/month highs and lows are where traders tend to place orders, to catch breakouts or limit losses. The previous d/w/m close is important (all major news and reports compare price now to yesterday's close) and price will often trade away and then come back to these levels. 00 and 50 are also important, also the 25/75 levels on many markets.

When significant highs or lows are broken, we either get a breakout, a reversal or a range and so I look for setups where this has or is happening. I particularly like shorting markets that fail to breakout of the weekly high (I also like inside days and outside days, and there are others).

Timing - I'm UK based and so I see decent moves from 0700 on some currency pairs, but I mostly wait for the US sessions from 1300 to 1600 works well for me (1430 to 1600 for the equity markets). The other aspect of timing is the hourly and 15-minute rotation - when a setup is well-engineered, the move happens around the new hour or 15-minute candle.

Price action - double/triple tops and bottoms, pin bars and engulfing candles - AT LEVELS AND TIME are used to confirm that highs or lows are locked in (e.g. double top in London at 00 or previous close indicates that the high of the day is probably locked).

I have a handful of markets to look through, I'll pick the ones that are presenting possible setups and wait for the EMAs and Nova to meet entry criteria.

My suggestion is to get an indicator(s) that show the previous m/w/d h/l/c and take a look at how larger moves set up on the H1 chart. Look for repeating patterns (esp. when price comes off the previous close) and notice how the setup forms over a few days. Drop down to the M15 or M5 and look at the timing of the big moves. Do the same with H4 charts to get an appreciation of how the week evolves.
  • #835
  • Jan 8, 2025 7:18am Jan 8, 2025 7:18am
Wow some amazing gold entries on offer today.

All at least 1:2 - I had a play around to see how far they would go and what R:R they would have been and we are looking at the following:

Trade 1: 4.21R
Trade 2: 9.33R
Trade 3: 3.75R
Trade 4: 3.01
Trade 5: 2.0R
Trade 6: 6.16R

Total RR of 28.46R!!!!!

I know it is hindsight for the R:R but the proof is in the pudding there... it is possible to take a good chunk if you stick to your favoured R:R

For me it's 2:1 so that would be 12R for today on those signals alone!

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You can lead a horse to water, but you can't make it drink
  • #836
  • Jan 8, 2025 7:35am Jan 8, 2025 7:35am
Thank you xkwisit2001 for sharing this.

You were the first tradingview strategy guy I found. i have been looking at your strategy since yesterday i joined this forum. The results from today. caught 3 of them live. I wish there was a mt5 to allow me go back more but i will keep forward testing. It is incredible stuff.

One question are you using the standard or no commission account with Icmarket. registered but on demo for now.

Also, watched it on GU and it caught the sell off. Simple but shocked at this efficiency. Will keep backtesting cause of my schedule to not get carried away taking all trades but amazing stuff.

Thanks for sharing for free. I just using it basic, confirmation and Sl behind ema. the simplest way and it is interesting.

6 wins 12RR
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  • #837
  • Jan 8, 2025 9:22am Jan 8, 2025 9:22am
NAS start of a new hour, below the previous day close. 1:2 TP (small trailer left in to see).


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  • #838
  • Jan 8, 2025 9:39am Jan 8, 2025 9:39am
Glad that bro is back
He bought? Dump it!
  • #839
  • Jan 8, 2025 10:22am Jan 8, 2025 10:22am
Would like to compliment you xkwisit2001 on sharing this strategy that seems to be working well. I went over the complete thread and found it simple and profitable.
I would you to explain a bit more on the MTF approach, where you look at say 5 min to signal a change of direction and then switch to 1 min to start taking entries. For e.g. if the 5 min signal line crosses the zero line, would you then see if the price is above the 200EMA for long trades or below for short trades?

Once again a nice system!
Dot
  • #840
  • Jan 8, 2025 11:43am Jan 8, 2025 11:43am
Quoting miron7
Thank you xkwisit2001 for sharing this. You were the first tradingview strategy guy I found. i have been looking at your strategy since yesterday i joined this forum. The results from today. caught 3 of them live. I wish there was a mt5 to allow me go back more but i will keep forward testing. It is incredible stuff. One question are you using the standard or no commission account with Icmarket. registered but on demo for now. Also, watched it on GU and it caught the sell off. Simple but shocked...
Hi Miron, I use a raw spread account with IC - it's just overall the best way to trade even with the comms.

Spread can kill the entries with Nova on some instruments.

Love to see people catching these great trades Nova provides, however just remember where you are in a trend and also key levels because you can sometimes end up in a range. Nova does a good job of telling you when to stay out though (background white/black or whatever your background is set to) but not all the time.
You can lead a horse to water, but you can't make it drink
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