Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Trading Platforms
MetaTrader Indicators
MetaNeural VSA EA Trade Assistant Free
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="metaneural ea, post: 41294, member: 22355"] 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. [B][U]GLOSSARY[/U][/B] 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 [B][U]TRADING STRATEGY OUTLINE[/U][/B] 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. [IMG]http://i52.tinypic.com/195uyw.png[/IMG] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…