just tried using korharmonics 6.13 instead of the zup120 in this EA in m1.. still no signs of executions
Guys, whatever you try with these harmonic EAs for harmonics trading - my thinking is that just lose your time.
Isn't that better to focus on learning manual harmonics trading, understanding the patterns, the market position, hunt for high probability and best R:R entries ... and benefit from this wonderful method. This method when used properly is the Holy Grail of Trading and the Money Machine. I find it amazing that people are so lazy, to look for a tool written by someone else, not even understanding what and how this tool works and count that it will bring them money consistently.
I spent 5.5 years with Harmonic Trading working with many pro traders to tune the method. I know what it needs to be profitable with Harmonics and these are the elements I teach to the guys participating in this forum and our private Skype groups. If I would believe that HT automat can be created, don't you think that I would already create one and at least mentioned it couple of times on this forum ????
I agree, however for the interests sake wanted to try the EA. I am doing HT manually, but considering the wide range of pairs I do only daily charts. Even 4h charts were impossible to monitor. By monitoring I don't just mean signals but it means that the lower timeframe you use the more open positions you will have. So when I was doing 4h charts I ended up spending the whole day in front of the monitor. When I trade daily charts it is less stressful.
So basically just wanted to see how this EA works, especially when you say that if properly used its kind of like a holy grail. So this EA is not just a martingale robot or some other robot, it uses Harmonic Patterns which we all know work.
why do you monitor so many pairs? isn't it better to manage 2-3 pairs. this should already give you enough entry opportunities each day. first time I hear that someone has too much work on H4 timeframe :-) good one!
yes, HT properly used is the Grail. At least Grail for me, not necessary for everybody.
So this EA is martingale? Then maybe it's pointless to combine it with HT, there are better methods to combine the martingale with.
Can someone attach it here, so I give to my FX expert-friends for verification?
No no not this one. I just meant that this EA is not a regular robot, its something new and it is based on HT, so it should be good.
Yes, its another way to trade. Picking couple of pairs and doing them on multiple timeframes, I mean, but I decided to go for daily because even if you have say 2 pairs to watch, you got to spend plenty of time before the screen, right? And by the way I think you agree that patterns can occur any minute independently from TF used. It means again that you have to be there not to miss it. And once you are in a position you again have to watch them closely because tagets and stop losses on lower timeframes are smaller. Am I right? Anyway I personally prefer to do as many pairs as possible on a daily timeframe. I am not as experienced as you in ths field but I believe that higher TFs give better signals and results.
ZUP 123 has more patterns than ZUP 120. The reason to use 2.3 versus 2.2 is the risk to reward ratio which means waiting for the right set up. I set mine to risk 1 to reward 2.0. This is the better than a 1 to 1 and will set you up to get in those type of trades.
Also Harmonic EA trading does work and works very well. Check out these 2 links.
If you have been in this business for 5 years concerning Harmonics then you gotta know of the HAT. IMO its the best out there, but comes with a cost. So there is a lot of success by using the EA if done properly. The way to enter these trades is with limit orders.
This is over 1000 pips in 1 week with only a few pairs on auto.
Last edited by FOREXINNOV; 01-17-2013 at 12:59 PM.
Never saw this before. Do you use HAT yrself? If yes can I ask you please how it works in more details? I went to their purchase link and didn't understand what they are seling. Is it an indicator, EA or signaling service.
Originally Posted by FOREXINNOV
They have a 5 data feed signal off of their site meaning that they get 5 different data feeds and signal the pattern off of a combination of the 5 feeds and post those on their website on all TFs and any pair. They aslo have the EA which is separate, but if you purchase the subscription they will throw in the signals as well. I am not currently there any more, but I am planning to get the subscription again. You have to pay $980 for 3 months of service for the HAT or $1440 for 6 months. This is roughly 249 a month, however IMO they get results and they teach you to trade the patterns manually. They also have patterns there that I have not seen anywhere else but there. I was there for a year and left right before the HAT came out due to changes in my family life. I had to stop my subscription, but I will definitely be going back. Their service is a high standard and yes you do pay for it. Hope that helps.
Can this EA trade in fully automatic mode so I turn it on and forget about it?
Originally Posted by FOREXINNOV
You can, and you go for vacations, and when you come back your account is .... ZERO :-)
Originally Posted by Askar