Nova Code Trader

System 1
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Trading any financial market involves risk. This e-book, software, and the website and its contents are neither
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 INSTALL META TRADER 4 PLATFORM

1. Download Metatader 4.
http://www.fxcm.com

Follow the instruction on the screen to complete the set up

Once you are done, click on the check box to launch Meta Trader 4.
2. Set up a demo account
You will be asked for opening an account when running Meta Trader for the first time.
Fill up all the necessary information to open a new account and Click Next to continue
Choose your trading server and click next
Click finish button to complete your account registration process.

Install Nova Code Trader System 1 On Your Computer

To install it, just follow the following procedure

1. You need to close the Meta Trader if you are running it
2. Go to the place where you save the file system1.exe, double click on it to run the installer.
3. The installer wizard will start and you have to follow the screen instruction to complete
the setup process. The setup process includes the following steps
Step 1

You just have to click Next to continue to next step

Step 2
Choose I accept. and click Next to continue

Step 3
The Installer will try to find all the instances of Meta Trader 4 installed on your computer and it
will install the system into these locations.

Step 4
Step 5
Step 6
Congratulations. Youve completed

RUNNING NOVA CODE TRADER SYSTEM 1

To run System 1, just start your Meta Trader 4 and load the template
 How Nova Code Trader System 1 Works

System 1 uses 3 different indicators

1. ST1ID1 (System 1 Indicator 1)
2. ST1ID2 (System 1 Indicator 2)
3. ST1ID3 (System 1 Indicator 3)
 ENTRY RULES

BUY RULES
Open a LONG position when all these conditions are satisfied
- ST1ID1 has Blue Line above Red Line
- ST1ID2 Indicator is BLUE
- ST1ID3 Indicator is BLUE
SELL RULES
Open a SHORT position when all these conditions are satisfied
- ST1ID1 indicator has Red Line above Blue Line
- ST1ID2 Indicator is RED
- ST1ID3 Indicator is RED
Stop loss
The suggested stoploss value for daily timeframe is 100-120 pips and 50-70 pips of used on 4-H
timeframe
Exit
There are two ways to exit your trade
- Use take profit level equals or 2 times of stoploss level.
- Exit when there are at least two indicators showing a reversal signal

The recommended timeframes for this system are 4-H and daily
TRADE EXAMPLES

SELL GBP/USD on Daily Timeframe

As we can see from the screenshot above, ST1ID1, ST1ID2 and ST1ID3 indicator all showed a
down signal. So, we had all the setup conditions for a SHORT entry. So on the next candle; we
entered a SHORT position at 1.3220. We used stoploss value of 60 pips . So, the stoploss was set at
1.3280. The trade went down strongly in our favor direction and when both ST1ID1 and ST1ID2
showed a reversal signal, we exited our trade at 1.2867 with 353 pips in profit

BUY EUR/USD on Daily Timeframe

As we can see from the screenshot above, ST1ID1, ST1ID2 and ST1ID3 indicator all showed a
bullish signal. So, we had all the setup conditions for a LONG entry. So on the next candle; we
entered a LONG position at 1.3306. We used stoploss value of 70 pips . So, the stoploss was set at
1.3236. The trade went up strongly in our favor direction and when both ST1ID2 and ST1ID3
showed a reversal signal, we exited our trade at 1.3511 with 205 pips in profit