Nice one FalseDave,
i'm on this one for sure.
regards,
cuz
EDIT, added pic, comment and fxbook thingy;
Dave , i'm loving the comments on screen chart. Straight talking us through the logic.
and heres the link ;
| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
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| MetaNeural SuperDash https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1612 |
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| Author: | falsedave [ Tue Mar 12, 2013 6:40 pm ] |
| Post subject: | MetaNeural SuperDash |
Disclaimer SERIOUS WARNING • Most Forex traders lose all their money. • Using the robot posted here in trading Forex does not guarantee success. • Trading this robot could lead to serious financial loss. • Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money. • This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention. • At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot. • To trade this robot, you have to understand: o How to use EA's. Introduction This EA has evolved from the EA MetaNeural VSA Trade assistant and the Indicator VSA_SR by MetaNeural.com. That trades on price action and Support / Resistance lines. A big thanks to them for making it freely available to everyone. Trading method Text below taken from one MetaNeural posts around the net detailing VSA trade assistant Before developing Neural Network systems for Empty4 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. 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. ------------------------------------------------------------------------------------------------------------ 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. ------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------ ***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 Parameters There are very few parameters. TextColor Color of the Text used in the indicator. TextSize Size of the Text used. TradeEnabled To select either to actively trade of to just use as an indicator. MAGIC Magic Number TradeComment Comment to identify trades. LotSize Fixed lot size if risk = 0 Risk Amount to Risk as a percentage of Total Equity. PartialTakePercentage Amount in percent to take when using a partial close; Asian_Session_Start Start hour of the Asian session in server time Euro_Session_Start Start hour of the European Session in server time US_Session_Start Start hour of the American Session in server time There are further additional notes at the top of code if you care to read them. Mostly ranting to myself on things to improve / look at / change in future. Wishing everyone the hest of luck with this hope it brings us all some pips. Dave |
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| Author: | cuzgeorge [ Tue Mar 12, 2013 6:59 pm ] |
| Post subject: | Re: MetaNeural SuperDash |
Nice one FalseDave, i'm on this one for sure. regards, cuz EDIT, added pic, comment and fxbook thingy; Dave , i'm loving the comments on screen chart. Straight talking us through the logic. and heres the link ; |
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| Author: | phil_trade [ Tue Mar 12, 2013 7:03 pm ] |
| Post subject: | Re: MetaNeural SuperDash |
Impressive dashboard ! |
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| Author: | theforexedge [ Tue Mar 12, 2013 9:27 pm ] |
| Post subject: | Re: MetaNeural SuperDash |
FalseDave Thanks for posting this...I trade Live using TradeGuider VSA, so this should be really interesting. After trying every system & indicator you can think of over the years, i now use VSA & Pitchforks...The old stuff works, but the Forex gurus selling their make millions systems don't want the 90% to know what really works. Looking forward to testing this EA. Thanks, JP |
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| Author: | falsedave [ Tue Mar 12, 2013 10:08 pm ] |
| Post subject: | Re: MetaNeural SuperDash |
Cuz your version seem to have taken completely different trades to mine. I have one AUDUSD and one EURCHF been there all day with no sign of strength anywhere else. Will see what happens tomorrow with the start of the next session. Just as i'm typing this Server time clicked over 00:00 and dash has suddenly lit up. Good news is it took 10 trades and 5 of which have shot into the green the other. The other 5 remained as limit orders. I have to admit that the comment's themselves come from the original Metaneural dash. I shall attach that to the first post in case anyone is interested. |
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| Author: | theforexedge [ Tue Mar 12, 2013 11:30 pm ] |
| Post subject: | Re: MetaNeural SuperDash |
FalseDave Can you add SendMail & SendNotification as i'd like to also use the SuperDash for manual trading.  JP |
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| Author: | musky [ Wed Mar 13, 2013 12:54 am ] |
| Post subject: | Re: MetaNeural SuperDash |
This has lost a ton of trades in 1 hour since putting it on, you might want to wait on the email lol |
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| Author: | APQN [ Wed Mar 13, 2013 3:04 am ] |
| Post subject: | Re: MetaNeural SuperDash |
Impressive EA and very comprehensive explanation of the strategy. Great work. Thanks for sharing Dave. |
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| Author: | ovisun [ Wed Mar 13, 2013 4:49 am ] |
| Post subject: | Re: MetaNeural SuperDash |
I concur with previous opinion, very impressive EA. Started testing already. Regards. Edit 1: Is OK to open and close the trades for a small profit much earlier than TP?See pic Also I see a second open sell for euraud. Shouldn't close first trade before opening the second trade? EURPLN I closed manually because I didn't like the huge spread, but it was useless, because later opened again itself. Would be useful and a margin filter used on some others EA's on this forum. Personally I like to stop opening new positions when margin reached 1500%. |
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| Author: | MichaelM [ Wed Mar 13, 2013 5:07 am ] |
| Post subject: | Re: MetaNeural SuperDash |
Thank you for sharing falsedave One request from me: Can you provide an option to restrict it from opening orders where the SL pips is significatly greater than the TP pips? Maybe you can provide a extern variable to allow the user to enter a minimum TP to SL ratio, defaulting it to 1.00 EDIT: Also a function called something like TradeExists to prevent the EA sending a similar order everytime we restart Empty4 EDIT2: Yes, I am a Coder, but I just don't have the time anymore, because of family and work commitments. TIA, Michael. |
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