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.
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...
Originally Posted by kor4x
New Version 2.3 beta released
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,
PS: It may take some time to get an answer to your e-mails.
thanks for the link.
Just a question what is this new option for?
can you some explain thanks!
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.
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.
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?
Its not something I need a tool for. So was this EA any good for you so far? Any consistent results?
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).