VSA EA Trade Assistant Trades

VSA Trading Telegram Group: https://t.me/VSABTC
- We Educate and Share Signals
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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.

This is a gift for you guys to run with and make it better.


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


The Trade Assistant EA will be 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

PLACE THE INDICATOR AND EA ON THE SAME CHART FOR IT TO WORK

Metaneural Dashboard - metatrader 4\experts

Metaneural VSA SR - metatrader 4\experts\indicators

Excuse me now people will stop visiting my forum as it isn't the latest thread

Good luck to you!

are you the same person as "metaneural ea" in another thread (outside FF)?

Hello ForexFlash

Do you have signals for : exhaustion volume, profit taking volume, flash volume...( this terminology is from emini watch....guy who invented Better Volume indicator)?

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I wasn't able to attach Dashboard indicator....?

Also in daily chart there are some dotted lines...?

First i appreciate for sharing this indi. but as you mentioned to share our experience be like to say, i feel it's one day lag and doesn't show up to date trend and if you check Volume Xindicator may find some good info. to make this indi. perfect
cheers

If you can't write your rules on the back of your hand, it's too complicated (and probably ego driven)

Hi FOREXFlash
I like the look of this, no idea whether it will work or not but excellent idea for VSA newbies & lazies.
Are you likely to extend the ea to include more VSA setups?
Thanks, John

Hello Everyone, sorry for the delayed response but I was not able to reply to my own thread until today, must have been some error on this site.

Here is one of the better signals from today - CADCHF at 9am EST, SELL CADCHF .92418

http://i47.tinypic.com/ztu615.png

price went right down to the Take Profit line and I'm out - 40 pips good for one pair in one day.

http://i46.tinypic.com/68sjf8.png

I'm going to update the first post with the full manual so everyone can understand more of the details about how this works. Thanks for your encouragement.

This is for those that say we don't post the losses, these are all the wins and losses from the pairs we are tracking today:


usdchf 50 pips
gbpusd 40 pips
eurusd 15 pips
usdjpy -40 pips
usdcad 15 pips
eurgbp 43 pips
euraud 26 pips
eurchf -37 pips (from yesterday)
gpbchf 50 pips
gbpjpy -100 pips
audnzd 20 pips
audcad 19 pips
audchf 10 pips (in progress)
audjpy -29 pips
eurnzd -27 pips
eurcad 30 pips
cadchf 38 pips
nzdjpy -34 pips
nzdusd 5 pip (in progress)


+94 pips is not bad for one day - and we believe it can be made much better if anyone is interested in taking on the project.

I'll be posting the best signals regularly.

So the imminent drop in EURUSD I spoke of in the last post happened beautifully and was stopped at a predictable level which was an area of previous strength. The upmove we're seeing now is not temporary like the last couple in the past week. It is clear that the reversal at today's bottom is an absorption of supply (yellow square).

What might not be so clear to those that haven't studied VSA is that the blue bar in the chart, the huge up bar from last hour, is a key indicator of absorption also. Look to the left of it, in the yellow oval, these are previous highs, the blue bar blows past this area gobbling up all the stops there on the way. This is a major indicator of strength and for the next week we'll see clear buy signals. There will be one tonight and tomorrow morning when price dips back down to test those previous highs, I'll highlight it when it happens, buy buy buy.

http://metaneural.com/images2/?di=313632828648

Hello ForexFlash


I cannot open dashboard indicator in MT4...For whatever reasons indicator doesnt work.....Do you know reason and can you help for it?

It's not an indicator, it's an EA - add to Experts folder.

Pardy

What looks like a beautiful Sell opportunity is occuring in EURUSD. The trade assistant has just alerted to SELL at 1.2941 and set TP at 1.2895

http://metaneural.com/images2/?di=1413638097450

Hello FOREXflash!!,,Can you post the template for your strategy,,your chart is different..my chart not show the red and blu box,,and text nothing in my chart,,,i think this powerfull strategy,,

ForexFlash, may I say that I think it is both brilliant and decent of you to offer what appears to be a great trading EA. If I may be so bold as to ask you if you could develop your system to function on MT4 (of MT5) and to show candles rather than bars as I find bars harder to visualize?

As a newbie, would you happen to know the difference or advantages of using MT5 over MT4 for the retail trader like myself?

Cheers
Rob

One final question:

IF you are familiar with MT4 of MT5, is there any way of making the volume bars any thicker or brighter as they are hard to read also?

Thanks again

hi FOREXflash,
i am going to test it.
thank you

Hey ForexFlash. Really Impressed by what you've posted, so I downloaded the indi's... However there appears to be problem with the dashboard( it says no directional bias and has no text for every pair I load it on). Here's a snap of what I mean:



I attached the indi and EA together on 1H charts, but every chart looked the same as the snapshot. I read somewhere too that it refreshes @ 12am EST. Is this something I should be waiting for or is the problem elsewhere( like screwed up code or something else I missed?)

Your Assistance would be Greatly Appreciated.
Thanks.

Hi there,

The EA can't be attached to my charts and also compiling it doesn't work (13 errors and 1 warning). I'm using MT4 version 4, build 646 of 30 April 2014.

Cheers

Hi Ronald,

If you have opened this in MetaEditor froma Build 600+ Platform, all you need do is go through from the start and chnage the variable 'do' (for daily open I imagine) to 'do1' and you will be fine - there are only a few instances of it and then the indicator will compile perfectly fine....

Hope that helps - it is due to the newer language being more 'syntax' orientated and so there are keywords that cannot be used that were ok before....

I have only just come across this so cannot clarify whether the indicator/EA works these days but that will solve your compiling issue for sure as I have just corrected it myself.

I hope the Original Poster doesn't mind my helping out here...

:-)

Peace Out