System Nova Indicator v1 MT4 is a lightweight, no-repaint indicator for MetaTrader 4 that scans up to three timeframes simultaneously (M5, M15, H1). By blending trend strength metrics, volatility squeezes, and custom pattern recognition, it highlights high-probability entry zones and warns you of regime changes before they happen. Whether you’re a scalper hunting 5-10 pip moves or a swing trader aiming for 30+ pips, Nova’s got your back—tho it stays simple enough for beginners.


Key Features




  • Multi-Timeframe Signals: View M5/M15/H1 trend alignment at a glance




  • Volatility Squeeze Filter: Skips low-volatility bars to reduce false alerts




  • Trend Strength Meter: Gauges momentum so you trade with the flow




  • Custom Alert System: Popup, email, or mobile push when signals fire




  • Zero Repaint Logic: Historic signals stay fixed once drawn




  • Fully Customizable: Change timeframes, thresholds, colors, and sound alerts




  • Low CPU Footprint: Runs smoothly even on older PCs




  • Backtest-Ready: Compatible with MT4 strategy tester





 


Strategy Details




  1. Trend Alignment:




    • Calculates EMA slopes on your chosen timeframes.




    • Colors the main window bar when all EMAs point in one direction.






  2. Volatility Breakout:




    • Uses a Bollinger-based squeeze detector to identify contraction phases.




    • Waits for a breakout candle beyond squeeze bands before signaling.






  3. Confirmation & Entry:




    • Confirms momentum with a fast momentum oscillator crossing zero.




    • Fires a signal arrow and optional sound when all conditions align.






  4. Exit Tips (Manual):




    • Suggested stop loss: recent swing low/high + buffer




    • Suggested take profit: 1:2 risk–reward or next fractal level






Backtest Proof


In MT4’s strategy tester on EURUSD (2019–2024):




  • Net profit: +68% of balance




  • Max drawdown: 6.2%




  • Win rate: 59%




  • Profit factor: 1.65




Swing tests on GBPUSD H1 show similar robustness—suggesting Nova’s logic holds across major pairs. You can download our sample .set files to replicate these results in your own tests.



Installation & Setup




  1. Download SystemNova_v1.ex4 from the ForexFactory.cc product page.




  2. Copy into your MQL4/Indicators folder.




  3. Restart MT4 or hit “Refresh” in Navigator → Indicators.




  4. Drag & drop System Nova onto any chart (M5, M15, H1).




  5. Load the recommended settings file (Nova_Settings.set) via Inputs.




  6. Customize alerts: popup/email/mobile in the Inputs tab.




Pro tip: Keep charts uncluttered—only one Nova window is needed per chart, even if you test multiple timeframes.


Why YoForex Tools?


YoForex Corp offers truly free updates, transparent performance logs, and a helpful community—no subscription traps. Explore our latest releases in the Newest EAs or dive into trader feedback in User Reviews on ForexFactory.cc.


Support & Disclaimer


Got questions? Hit our WhatsApp or join the Telegram group for real-time support—links on the product page.



Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test before going live and tailor settings to your risk tolerance.



Ready to level up your signal game? Download System Nova Indicator v1 MT4 now—100% free on ForexFactory.cc!


 


 


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