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Thread: Harmonics Trader EA

  1. #11
    Junior Member
    Join Date
    Oct 2012
    Posts
    15
    Thanks Kor, having trouble uploading the .exe set up file. It can be downloaded from here HarmonicsTrader EA - Harmonic Patterns Expert Advisor for MT4 , blue download button on the left.

  2. #12
    Wizard
    Join Date
    Oct 2011
    Location
    A, A
    Posts
    2,574
    thanks Lotus!
    Based what I see often on published ZUP charts I am sure it's a losing one in unexperienced hands. In experienced thou it should be fine, as profitable trading can be done on almost anything ...you guys give it a GO and comment back...
    cheers.

  3. #13
    Member
    Join Date
    Jan 2012
    Posts
    88
    Nice work by Walter
    Quote Originally Posted by kor4x View Post
    Price action is lagging

  4. #14
    Junior Member
    Join Date
    Oct 2012
    Posts
    15
    New Version 2.3 beta released

    Hi,

    Some users wished for an option to work with Pending Limit Orders in addition to use Pending Stop Orders.
    So I have implemented that option.

    I invite you to download and test this Beta version: HarmonicsTrader_v2.3_Beta.
    I have put it in a zip file and you can find it on my download page:
    HarmonicsTrader EA - Harmonic Patterns Expert Advisor for MT4

    This Beta version is for evaluation and testing purposes only and can only be used on a demo account, or in the Strategy Tester (demo or live account).
    Instructions are included.

    If you have any remarks please let me know.

    Thanks for your confidence,

    Walter

    PS: It may take some time to get an answer to your e-mails.
    wickedwin likes this.

  5. #15
    Member
    Join Date
    Mar 2012
    Location
    Manila, Philippines, Philippines
    Posts
    50
    thanks for the link.

    Just a question what is this new option for?
    Harmonics Trader EA-prz.png
    can you some explain thanks!

  6. #16
    Junior Member
    Join Date
    Oct 2012
    Posts
    15
    The new option is to place limit orders and scale into the PRZ, this will increase the R:R of winning trades but can also result in more loosing trades if price does not reverse. With stop orders, there is the chance that the trades have not been triggerred if price does not reverse and hence you have stayed out of loosing trades but R:R is not as good.
    So , you really need to test what works best for.
    I saw ur risk setting as 1.5%, remember that is per trade, so if 5 trades are entered per pattern, that will be 7.5% risk.

  7. #17
    Junior Member
    Join Date
    Nov 2012
    Posts
    12
    I think it would be best if you could apply the EA to one chart and it would scan all pairs and all time frames automatically and make trades. Otherwise I don't find it more useful than doing manual trading.

  8. #18
    Junior Member
    Join Date
    Oct 2012
    Posts
    15
    If you need that feature, you could request the developer to look into coding it. ZUP has a Search Patterns indi that only needs 1 chart per chair open, but i found it slows down my system considerably. It is easier for me to have 4 timeframes of each pair open on my VPS and the EA running on it.
    What trade management tools do u currently use with your manual trading?

  9. #19
    Junior Member
    Join Date
    Nov 2012
    Posts
    12
    Its not something I need a tool for. So was this EA any good for you so far? Any consistent results?

  10. #20
    Junior Member
    Join Date
    Oct 2012
    Posts
    15
    I am testing it along with a few others from another forum where i found it. There are myfxbook links on the EA website. As the EA trades off ZUP V120, it is only as good as the patterns ZUP generates, it is also compatible with ZUP V123 which i believe can filter our patterns. I am also looking into using it as a semi automated tool, so i make the trade decisions and the EA can place them and manage them, i cannot afford a lot of screen time. And with ZUP set up to email me when a patterns develops, i can just respond when i get an alert. So although the author has intended it as a completely automated EA, i have been requesting him to build more semi automated features and he has been quite obliging (i have not even purchased it yet).

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