MetaNeural VSA EA Trade Assistant Free - Innovative

Before developing Neural Network systems for Metatrader we experimented with Volume Spread Analysis(VSA). What we've done with this trade assistant is taken the VSA trade setups that signal the largest movements in the market, simplified them for the non-VSA expert, and modified the VSA concepts into a unique and innovative trading system.

VSA is a very in depth trading system that can be used for any market; as such it takes time to master. This trade assistant is made for those who have not yet mastered the VSA setups but still want to use these powerful tools to make money.

The setups used are extremely specific but produce the highest chances for success out of any VSA bar configuration. It should be emphasized that this diverges from traditional VSA to such an extent that it should really be called by a new name. We hope that you will take this concept to maturity, create expert advisors based on these ideas and most of all test this out for yourself, your feedback is appreciated.

GLOSSARY

Failure - Basically when price tries to go up or down and is rejected to the opposite direction, thereby it becomes a

failure of buyers to make price go higher or sellers to make price go lower.

Sign of Strength - With higher volume the bar configuration confirms that buying is still winning/overcoming selling

and vice versa. It does this by simply having higher volume than the previous bar, and being at

the threshold of being a failure but isn't.

Clear Sign of Strength - With higher volume the bar configuration not only confirms that buying is not only still

winning/overcoming selling and vice versa but is dominating the other side of the market –

the winning side is by far away from being a failure and clearly buying or selling.

Directional Bias - The most advantageous direction to trade for the day. If the directional bias is up it does not

mean that the current day's bar will finish up necessarily but that the 'strongest' direction of the

day will be up (the most forceful trading will be up).

Opposite Direction of Trade – If you are selling the opposite direction is up; if you are buying the opposite direction

is down.

UP Bars - close is above the close of the previous bar

DOWN Bars - close is below the close of the previous bar

TRADING STRATEGY OUTLINE

1. I determine the directional bias for the day by analyzing the previous day's bar on the daily chart.

a. The previous day's bar must show a clear sign of strength or a failure.

I. If the previous day's bar shows a clear sign of strength the current day's directional

bias will be in the direction of the strength.

II. If the previous day's bar shows a failure, the current day's directional bias will be

the opposite direction of the failure. For example, if price tried to go up and was

forced lower (failure of the upside), the direction of the day will be down.

2. Once I know the directional bias for the day (where to trade: buy or sell) I go down to the hourly chart to

determine exactly when to trade.

a. I determine the when ONLY by waiting for a failure in the opposite direction of the day's directional

bias.

I. For example, if it's a failure of the upside and price is pushed down after making a higher high (than the previous bar) and the directional bias of the day is down then a sell should be executed after this failure.

3. Once a failure has occurred and an order opened, look for the next resistance line (created by a strong

bar in the opposite direction of your trade).

a. The next resistance line, below for a sell, above for a buy, can be a daily or hourly resistance line.

I. For example, a sell has been opened and the next green resistance line is 30 pips below.

I would close the trade just before (above) this green resistance line. If there was a red

(support line in this case because the trade is a sell) in between the open of the trade and the

green resistance line it should be ignored, price will not be rejected at that level.

II. EXCEPTION: there should be a buffer of 10-15 pips after the low of the failure bar (for an

failure of the upside) and high of a failure to the downside bar.

III. This means if there is a resistance line 10-15 pips after a failure it should be

ignored and the next resistance line ahead should be used to end the trade.

It should be assumed price will break through this level.

http://i52.tinypic.com/195uyw.png

EA - http://www.4shared.com/file/sLx4mXGG/MetaNeural_Dashboard__1_.html

Indicator - http://multiupload.biz/fv_rtel3d78v7yu

**Both EA and Indicator MUST be on the same chart (H1)

You're very welcome, it is a powerful tool, I will post more information about the strategy in time. Here is another signal on AUDCHF currently:

http://i47.tinypic.com/zufpeq.gif

The trade assistant updates the trade suggestion with: "Weak down move, smart money not interested, stay in"

http://i48.tinypic.com/25stum8.gif

Also, a new trade suggestion in NZDUSD:

http://i50.tinypic.com/2mn1vdy.gif

Thanks for your help FloridaTrader, I tried sending a PM but looks like I'm 8 posts short, need 15 to send PMs lol. If you have a skype or myfxbook account I'm sure I can send there.

I am actually in Florida as well, just moved down here from NY, I used to work on wall street. We should chat sometime, I'm always looking for new trading buddies and business partners.

I sent you my email address to forward the EA to me and I will attach a link to it and post here.

Thanks for your help FloridaTrader, I tried sending a PM but looks like I'm 8 posts short, need 15 to send PMs lol. If you have a skype or myfxbook account I'm sure I can send there.

 

I am actually in Florida as well, just moved down here from NY, I used to work on wall street. We should chat sometime, I'm always looking for new trading buddies and business partners.

Sounds good to me my friend. Also from NY (Buffalo) many years ago. Now in Naples and headed to Clayton, Georgia to reside in a airpark and have fun flying when I finally retire. Email hasn't arrived yet.

Glad to have people with extensive training and knowledge here with us.

Looks like NZDUSD fizzled but the AUDCHF trade signaled by the assistant gave 70 pips so far, if you can't make money with that then just give up.

http://i50.tinypic.com/2nlstmp.gif

Sent again, check your spam or junk folder. [email protected] right?

Here we go, this is the link for your EA my friend

http://www.4shared.com/file/sLx4mXGG/MetaNeural_Dashboard__1_.html

Please post thanks to metaneural ea :)

Much thanks.

Here we go, this is the link for your EA my friend

 

http://www.4shared.com/file/sLx4mXGG/MetaNeural_Dashboard__1_.html

Looks like NZDUSD fizzled but the AUDCHF trade signaled by the assistant gave 70 pips so far, if you can't make money with that then just give up.

 

 

http://i50.tinypic.com/2nlstmp.gif

Just put this a IBFX demo USD/JPY

It shows the green arrow and the square block D1 green

But the text put 4 rows just reads "Label"

on the eur/usd and gbp/usd it seems to print the text problem is just with the usd/jpy at this time that I can see

Also it this time chart driven? in others words different results and trade basis ,based on time frame?

Looks like NZDUSD fizzled but the AUDCHF trade signaled by the assistant gave 70 pips so far, if you can't make money with that then just give up.

 

 

http://i50.tinypic.com/2nlstmp.gif

hmm, I dont get it how you would have made 70 pips? Probabely 70 points, which means 7 pips

Sorry for the confusion, I neglected to post the this indicator. The Trade Assistant EA is looking for the levels created by our support and resistance indicator to determine TP and SL and reinforcing trades.

This is not your ordinary support and resistance, it is derived from the following, which is based on the principal that previous signs of strength or weakness, based on volume and spread configuration, create levels of support or resistance, unlike the normal idea of support and resistance which is about psychological levels or trendlines.

UP Bar = the close of this bar is above the close of the previous bar

DOWN Bar = the close of this bar is below the close of the previous bar

Creation of SR lines

*An up bar that produces a green support/resistance (SR) line means that the bar exhibits a sign of buying (up movement) strength and higher volume than the previous bar.

*An up bar that produces a red SR line means that the bar exhibits a sign of selling strength and higher volume than the previous bar.

*A down bar that produces a SR line means that the bar exhibits a sign of selling (down movement) strength and higher volume than the previous bar.

*A down bar that produces a SR line means that the bar exhibits a sign of buying strength and higher volume than the previous bar.

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The Deletion of SR lines

* green (up strength) SR lines are ONLY deleted when there is a down strength bar created that closes below the close of the former UP or DOWN(down bar that shows buying strength) bar that created the green SR line.

*red (Down strength) SR lines are ONLY deleted when there is an UP strength bar created that closes above the the close of the former DOWN or UP(up bar that shows selling strength) bar that created the red SR line.

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Signs of buying strength for UP bars:

1. Signs of buying strength in UP bar

- the close of the bar is above the open

- the close is at or above the exact middle point of the bar (middle determined bet. high and low of bar)

- OR both open and close are at the same price level but above the middle of bar

- volume is higher than the previous bar

Signs of buying strength for DOWN bars:

2. Signs of buying Strength in Down bar

- the close of the bar is below the open

- the close is above the exact middle point of the bar (middle determined bet. high and low of bar)

- OR both open and close are at the same price level but below the middle of bar

- volume is higher than the previous bar

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Signs of selling strength for DOWN bars:

1. Signs of selling strength for DOWN bars:

- the close of the bar is below the open

- the close is at or below the exact middle point of the bar (middle determined bet. high and low of bar)

- OR both open and close are at the same price level but below the middle of bar

- volume is higher than the previous bar

2. Signs of selling strength for UP bars:

- the close of the bar is above the open

- the close is below the exact middle point of the bar (middle dertermined bet. high and low of bar)

- OR both open and close are at the same price level but below the middle of bar

- volume is higher than the previous bar

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***These rules only apply to 1hr and Daily charts

***Both the 1hr SR lines and Daily SR lines should appear on the 1hr chart - Daily SR lines are solid horizontal lines and 1hr SR lines are dotted

***ONLY the Daily SR lines should appear on the Daily chart - soild horizontal lines

****The lines should update at the open of every new 1hr bar

http://i48.tinypic.com/29p46d2.png

http://multiupload.biz/fv_rtel3d78v7yu

I Like what you've done with attempting to simplify the VSA concept. I know quite a few traders who after a few years are still trying to get to grips with it. Anything that keeps the fundamental rules but simplifies things has got to be a bonus for any VSA enthuisiast.

I for one will be putting it through it's paces, and recommending it to others if it does what It says.

Well done my friend.

:-)

Got all of that EURUSD jump, the trade assistant signaled it two hours before it happened, went right up to the next resistance line, and I'd bet it will bounce off there - that's where it recommended putting a TP.

http://i47.tinypic.com/2598jso.png

Signal just came in on Gold, looks like a great opportunity for a buy at 1576.632

http://i46.tinypic.com/2llnfc2.png

After going up to 1577.786, the trade assistant is now signaling an imminent direction change in the metal - it recommends at least taking part of your order out of the market, I'm closing the trade altogether because if there was still an indication of short term strength it would recommend staying in even though gold seems to be going down currently.

http://i50.tinypic.com/1afyg.png

Signal just came in on Gold, looks like a great opportunity for a buy at 1576.632

 

http://i46.tinypic.com/2llnfc2.png

On another note, very impressive profit today in NZDUSD.

http://i50.tinypic.com/2nvthmb.png

Signaled to open a buy at 0.82678 at 8:59am EST this morning and it went up for a profit of over 50 pips and just got a signal for a second leg to the trade but I think I'll pocket the profit for today and start again tomorrow.

http://i49.tinypic.com/2ymf8g0.png

By the way everyone, that GOLD trade from this morning when the trade assistant saw an imminent direction change but recommended staying in with a partial trade ended up producing some great results.

You can see from post# 19 that it signaled a buy at 1576.532, it got all the way up to 1580 and at the time of this post is at 1579 - if you can't make a profit from that large of a move in GOLD then maybe you shouldn't be trading it.

The signal was because of a "wall" failure, which is one of the most powerful trade indications because it totally engulfs the previous bar in terms of lower low AND higher high and has higher volume.

http://i45.tinypic.com/egwnbb.png

Great tool! It should be converted to an EA=D>

To be fair you should also show all the trades which ended in loss.. since so far I dont see any SL recommendations..;)

Nice bit of work metaneural..quite impressive so far.

Pro is right though, display the losses too. I'm not too bothered though as I'm keeping my own records of trades.

That's the best part I think, it will tell you when the market is due to turn around, "imminent direction change" so the losses are usually small when they occur. I take that as a cue to get out. Thanks for your interest, please post your results when you compile it all.

Nice bit of work metaneural..quite impressive so far.

Pro is right though, display the losses too. I'm not too bothered though as I'm keeping my own records of trades.