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Nova Volume Trading System

  • #2,861
  • Jul 13, 4:51pm (16 hr ago) Jul 13, 4:51pm (16 hr ago)
Quoting Nikita81
Hello, I am new here. I have been reading about nova over the weekend and today observed this indicator on gold. So far marked 7 successful trades. Please let me know do I read the indicator right. Thanks x {image}
Can't analyze it properly, it looks like you entered immediately when the red background appears? Normally we have also to wait till the Signal-Line crosses two Nova bars in a row and then enter on the third bar. But if you had done it that way, maybe some trades would not have worked out.
Anyway, i'm very happy that it worked out like this!
  • #2,862
  • Last Post: Jul 14, 3:11am (6 hr ago) Jul 14, 3:11am (6 hr ago)
Quoting Nikita81
Hello, I am new here. I have been reading about nova over the weekend and today observed this indicator on gold. So far marked 7 successful trades. Please let me know do I read the indicator right. Thanks x {image}
Hello. As Toli84 mentioned, the instruction was to enter trades at the opening of the third Nova volume bar following the signal line to ensure safer transactions. However, after observing the strategy over time and gaining experience with the charts, you will be able to execute profitable trades using the 1st, 2nd, and 3rd Nova bars as well.
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