MetaNeural VSA EA Trade Assistant Free - Innovative

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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 directio

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.

[marcramon]

hello you have posted 2 ea,s on the forums this one ea metaneural v1 and metaneural dashborard i have them installed on the same broker platform but on some prs they are showing different results which ea should i use,1 ea is telling me no bias on a pr the other is telling me down bias also 1 ea is telling me open a trade on a pr the other ea is telling me waiting for a signal.

From what i can see v1 will take the trade while the dashboard version will not but the instructions should be the same should they not?

Regards