Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => EA's (automated systems), and associated items (VPS, support/questions) => Topic started by: geektrader on December 26, 2012, 08:21:29 PM

Title: Harmonics Trader EA
Post by: geektrader on December 26, 2012, 08:21:29 PM
Hello,

since I was looking for alternatives to the very expensive Harmonic Auto Trader EA, I´ve found this one yesterday:

http://harmonicstrader.com/

It is based on ZUP indicator which many people do know. There is a "limitless" version which runs on any demo account for as long as you want, the full version has only to be purchased if running on a live account.

So I am running the EA now on all pairs on 4 Pepperstone demo accounts (4 timeframes) and will link those here soon so that you all can see how it goes.

For now there have been some small losses on 15m timeframe since of course I trade all pairs on the demo which are 50+ I believe and some exotic ones have very high spreads (+it´s hoidays and spreads are very high anyway) and hence trade unprofitable on the lower timeframes since targets are much smaller there. But in the longer run we can then see which pairs do well and on which TF and could then go live with those.

I´ve found some smaller bugs with the EA but am in contact with the author (from Belgium) who is very friendly and quick in responding and is going to fix the bugs + add some suggestions I gave for the functionality of the EA.

All in all this one looks very promising, especially since I don´t know about any other automated harmonic pattern trading EA expect Harmonic Auto Trader, which also doesn´t have as extensive exit management as this EA has (Takeprofit at Fibonacci / B-point-pattern-level, Trailing Stop, Break Even).

Let´s see how it goes.....
Title: Re: Harmonics Trader EA
Post by: Imperial on December 26, 2012, 09:33:38 PM
Hello,

yes it looks interesting. Pls. keep posting your experience with the ea.

rgds
Title: Re: Harmonics Trader EA
Post by: blamshakk on December 26, 2012, 11:51:19 PM
thanks so much for the heads up geektrader. there is another alternative to HAT from invictus called harmonix EA, (it does have a thread on donnaforex) but i literally purchased that in august and because of problems with their licence protection software (mqllock) they haven't  yet been able to release a stable version that doesnt crash.

looking forward to testing this . its great that you get an unlimited free trial, shows author's  faith in the product and i am a fan of the potential of harmonic patterns. cheers again
Title: Re: Harmonics Trader EA
Post by: odysseus11 on December 27, 2012, 02:43:54 AM
geektrader great report - can u post a myfxbook link when u have one?
Title: Re: Harmonics Trader EA
Post by: 4maT on December 27, 2012, 02:57:51 AM
I am testing it too.

Broker: thinkforex
Pairs: all
Timeframes: D1, 4h, 1h, 15m
Risk: 2,5%

See myfxbook link below the message.

4maT                                                 
Title: Re: Harmonics Trader EA
Post by: geektrader on December 27, 2012, 04:12:00 AM
I will add the Armada Demos as soon as MyFxBook fixed the server for Armada Demo Server.

Everyone who runs the EA should go to the website and get the new version, author fixed an important bug with the takeprofit that I´ve pointed out to him.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on December 27, 2012, 06:51:53 AM
I'll be watching this thread with great interest! ZUPv123 has been released.
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 27, 2012, 10:04:42 PM
Does anyone knows how to turn off the wave sound generated by this EA? 
Title: Re: Harmonics Trader EA
Post by: 4maT on December 27, 2012, 11:09:15 PM
Does anyone knows how to turn off the wave sound generated by this EA?

Try Tools --> Options--> Events--> untick enable
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 27, 2012, 11:15:37 PM
Does anyone knows how to turn off the wave sound generated by this EA?

Try Tools --> Options--> Events--> untick enable

Thanks for the tip but No, it still doesn't work.
Title: Re: Harmonics Trader EA
Post by: geektrader on December 28, 2012, 12:11:33 AM
Does anyone knows how to turn off the wave sound generated by this EA?

Try Tools --> Options--> Events--> untick enable

Thanks for the tip but No, it still doesn't work.

Just delete all .WAV files in your Metatrader directory and subdirectories. Do this by opening a command prompt, then CD to your Metatrader folder and then do: del *.wav /s
Title: Re: Harmonics Trader EA
Post by: dutchie on December 28, 2012, 12:17:39 PM
I have loaded the EA on my Varengold demo account.
But get the message: Critical error: EA not working
And no trades so far.
Is it necessary that the 'ZUP_v120 NEN STAR' indicator is loaded on the chart for correct working?
Title: Re: Harmonics Trader EA
Post by: Imperial on December 28, 2012, 01:57:35 PM
Just use the template. It is fix und fertig. It works. The only change you should/could make is the MM risk or just set a fix lot value.

I hope it helps.

regds
Title: Re: Harmonics Trader EA
Post by: geektrader on December 28, 2012, 03:34:41 PM
@dutchie: it´s described in the manual, you need to load the ZUP as an indicator on the chart where the EA is attached too, otherwise it will not work. And yes, just use the template and change the other settings of the EA if needed.
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 28, 2012, 05:00:51 PM
Does anyone knows how to turn off the wave sound generated by this EA?

Try Tools --> Options--> Events--> untick enable

Thanks for the tip but No, it still doesn't work.

Just delete all .WAV files in your Metatrader directory and subdirectories. Do this by opening a command prompt, then CD to your Metatrader folder and then do: del *.wav /s

Thanks, it works.
Title: Re: Harmonics Trader EA
Post by: felipebr on December 28, 2012, 05:07:40 PM
Hi geektrader, why don't you try the major pairs ? I will start my tests next week, anyway thank you for your myfxbook reports... even it's not positive I see it have a big potential.

4maT are you running all that pairs in the same account with different Time frames ?
Yours are going great.

Best regards
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 28, 2012, 05:18:35 PM
Hi, geektrader,

Thanks for the head up on this EA.  Here are myfxbook link.  Look like H1 is most promising but it's too early to tell.  It seemed to make and give back as fast so have to watch this.  All default settings except change mm to 0.1 lot. 

http://www.myfxbook.com/members/fxbabe/hta-m15/449325
http://www.myfxbook.com/members/fxbabe/hta-m30/449326
http://www.myfxbook.com/members/fxbabe/hta-h1/449329
http://www.myfxbook.com/members/fxbabe/hta-h4/449334
Title: Re: Harmonics Trader EA
Post by: earquake on December 28, 2012, 05:19:04 PM
I have asked the seller to provide me backtests since 1999 for the recommended symbols/timeframes, but his response was that he has decided not to post any backtest.

I've been trying to make a visual backtest but it takes a lot and it is impossible to make a normal backtest, so I have no reference for how I can expect for this EA. In the 5 months visual backtest I did for EURUSD M15 the results seemed not encouraging at all.

Has anyone found a way to do backtest of this EA? I do not trust an EA that the author refuses to publish any backtest.

Thanks in advance.
Title: Re: Harmonics Trader EA
Post by: dutchie on December 28, 2012, 06:06:21 PM
Just use the template. It is fix und fertig. It works. The only change you should/could make is the MM risk or just set a fix lot value.

I hope it helps.

regds
I must be blond and blind..... don't see a .tpl file in the download (only dll and ex4) and not on the TSD forum page (only mq4). Compiling the mq4 file gives me tens of errors. So I must do something wrong but don't see what.
DLL and EX4 are installed in the correct directory.

 
Title: Re: Harmonics Trader EA
Post by: reinerh on December 28, 2012, 06:53:02 PM
Just use the template. It is fix und fertig. It works. The only change you should/could make is the MM risk or just set a fix lot value.

I hope it helps.

regds
I must be blond and blind..... don't see a .tpl file in the download (only dll and ex4) and not on the TSD forum page (only mq4). Compiling the mq4 file gives me tens of errors. So I must do something wrong but don't see what.
DLL and EX4 are installed in the correct directory.

we need to download the files from the blue button as well = installer package, had some issues myself.

should have it working here shortly.
Title: Re: Harmonics Trader EA
Post by: dutchie on December 28, 2012, 07:22:12 PM
Hmmm, there was something changed today.
Earlier this morning I received a ZIP file under the download button.
Now it's a EXE file.
Have run that EXE file and now there is the "Harmonicstrader.tpl"
The screen looks good but ...... still got the "Critical error. EA is not working"

Will test it on another broker.
Varengold is not widely used and I've had similar problems in the past: EA "Think" it's a live account instead of a Demo.
Will see and report back.
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 28, 2012, 07:26:26 PM
Just use the template. It is fix und fertig. It works. The only change you should/could make is the MM risk or just set a fix lot value.

I hope it helps.

regds
I must be blond and blind..... don't see a .tpl file in the download (only dll and ex4) and not on the TSD forum page (only mq4). Compiling the mq4 file gives me tens of errors. So I must do something wrong but don't see what.
DLL and EX4 are installed in the correct directory.

I got the same problem also.  Don't downloaded the zip files because the zip file doesn't have everything you need.   Instead click on the big blue download button and then install it with the installer.
Title: Re: Harmonics Trader EA
Post by: dutchie on December 28, 2012, 07:37:57 PM
The ZIP-file was 1 problem and is solved.
Now I've downloaded the EXE file and run that on my Varengold demo account.
Which gave me the 2nd error: EA doesn't recognize the Varengold demo account as a demo and asks for the serial number.
Now I've loaded it all on my Alpara UK demo account and it runs like a baby (fxbabe!).
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 28, 2012, 08:39:40 PM
I have asked the seller to provide me backtests since 1999 for the recommended symbols/timeframes, but his response was that he has decided not to post any backtest.

I've been trying to make a visual backtest but it takes a lot and it is impossible to make a normal backtest, so I have no reference for how I can expect for this EA. In the 5 months visual backtest I did for EURUSD M15 the results seemed not encouraging at all.

Has anyone found a way to do backtest of this EA? I do not trust an EA that the author refuses to publish any backtest.

Thanks in advance.

Sure not a good sign I also cannot do any backtest.  It seemed vendor had disabled the backtest ability and only reason for disabling backtest would be result is not promising?  Anyone please help.
Title: Re: Harmonics Trader EA
Post by: felipebr on December 28, 2012, 08:44:50 PM
Sure not a good sign I also cannot do any backtest.  It seemed vendor had disabled the backtest ability and only reason for disabling backtest would be result is not promising?  Anyone please help.

Hi fxbabe I just sent you a private message, can you check please ?
I think backtest the EA would be really hard but I dont think the vendor disabled it.


Regards
Title: Re: Harmonics Trader EA
Post by: bluepanther on December 28, 2012, 09:43:43 PM
Hi, geektrader,

Thanks for the head up on this EA.  Here are myfxbook link.  Look like H1 is most promising but it's too early to tell.  It seemed to make and give back as fast so have to watch this.  All default settings except change mm to 0.1 lot. 

http://www.myfxbook.com/members/fxbabe/hta-m15/449325
http://www.myfxbook.com/members/fxbabe/hta-m30/449326
http://www.myfxbook.com/members/fxbabe/hta-h1/449329
http://www.myfxbook.com/members/fxbabe/hta-h4/449334

Ugh! Demo!  ???  :(

(https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/p206x206/377902_10151587640392506_363585519_n.jpg)
Title: Re: Harmonics Trader EA
Post by: 4maT on December 29, 2012, 12:01:47 AM
Hi, geektrader,

Thanks for the head up on this EA.  Here are myfxbook link.  Look like H1 is most promising but it's too early to tell.  It seemed to make and give back as fast so have to watch this.  All default settings except change mm to 0.1 lot. 

http://www.myfxbook.com/members/fxbabe/hta-m15/449325
http://www.myfxbook.com/members/fxbabe/hta-m30/449326
http://www.myfxbook.com/members/fxbabe/hta-h1/449329
http://www.myfxbook.com/members/fxbabe/hta-h4/449334

Ugh! Demo!  ???  :(

(https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/p206x206/377902_10151587640392506_363585519_n.jpg)


Why don't you put it on a live account, instead of posting stupid comments.

4maT
Title: Re: Harmonics Trader EA
Post by: geektrader on December 29, 2012, 03:22:10 AM
Demo is pretty valid for this EA to discover the best pairs. Targets and SL´s are wide enough to be comparable to live-trading and if going with a serious broker like Armada the differences between live and demo for such an "slow" EA which doesn´t depend on execution and can also take some slippage on the live account, are not big at all
Title: Re: Harmonics Trader EA
Post by: geektrader on December 29, 2012, 03:23:16 AM
Hi geektrader, why don't you try the major pairs ? I will start my tests next week, anyway thank you for your myfxbook reports... even it's not positive I see it have a big potential.

4maT are you running all that pairs in the same account with different Time frames ?
Yours are going great.

Best regards

The EA runs on all pairs on my accounts, 15M, 30M, 1H, 4H, all pairs on each one, including the majors. Just not many (or none) trades on those yet as the EA didn´t take any trades. But it´s running on all pairs Armada offers (50+).
Title: Re: Harmonics Trader EA
Post by: 4maT on December 29, 2012, 05:02:26 AM

4maT are you running all that pairs in the same account with different Time frames ?
Yours are going great.

Best regards

Yes I run it on a Thinkforex demo account on all pairs on 15m, 1h, 4h and D1 timeframes. With 2,5% of equity.

I don't know if this gain is normal or if it is just a lucky start, time will tell.

4maT
Title: Re: Harmonics Trader EA
Post by: LFN on December 29, 2012, 04:32:33 PM

Update: now here are the 4 demo accounts on Armada Markets, running all pairs on M15, M30, H1 and H4. Please don´t look so much at the overall growth since it currently is negative as it runs on ALL pairs and naturely some pairs will fail big time because of the high spread. Still I am running them for now to do a real "brute force" test to find the best performing pairs for the system. So rather go to "Summary" tab at MyFxBook and see which pairs are doing well and judge the system by this.

http://www.myfxbook.com/members/geektrader/harmonicstradercom-m15/448936
http://www.myfxbook.com/members/geektrader/harmonicstradercom-m30/448946
http://www.myfxbook.com/members/geektrader/harmonicstradercom-h1/448941
http://www.myfxbook.com/members/geektrader/harmonicstradercom-h4/448943

^All settings default expect trading 0.01 lots and not using BreakEven.

Do you use a separate magic number for each chart?
Title: Re: Harmonics Trader EA
Post by: LFN on December 29, 2012, 11:45:31 PM
It takes forever to make a backtest (visual).
I did one month tick by tick and it took 6 hours! The result was bad on EURUSD M15 last 30 days, but I did a mistake and did not get 99% Dukascopy tick data, only metaquotes lower quality so I guess the results are pretty useless.
Is tick by tick required for the backtest? Are open prices okay?

EDIT: The vendor told me that H1 and H4 TF gives best results.
Title: Re: Harmonics Trader EA
Post by: geektrader on December 30, 2012, 03:11:54 AM
It takes forever to make a backtest (visual).
I did one month tick by tick and it took 6 hours! The result was bad on EURUSD M15 last 30 days, but I did a mistake and did not get 99% Dukascopy tick data, only metaquotes lower quality so I guess the results are pretty useless.
Is tick by tick required for the backtest? Are open prices okay?

Tick-data is needed for this as it places pending orders that can get filled any tick in the market - so using tick-data for backtesting is definitely a good idea. And yes, it BT´s very slow, finding those harmonic patterns is a very intensive task!
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on December 31, 2012, 12:46:34 PM
Hi Geektrader, thank you for bringing this to our notice. This EA offers  another level of choice between free tools available  and overpriced ones.
I was wondering if we could put together a list of features we would like and then request the developer to program it for us. Couple of things i noticed already:
1. Semi Automatic mode: when a pattern is formed, there is an alert (pop up and/or email) to take the trade or not. So we may combine harmonics with some discretion (pivots.divergence,higher TF confluence). I think using the using the 'ask manual confirmation' option will create too many calls.
2. Scaling in Orders: Option to scale in orders within the PRZ, right now it seems the EA places pending stop orders, so it is not entering at the best price. I understand some would prefer this as a 'safer' approach but i would like the option of scaling into better average price and achieving a higher R:R.
3. R:R Factor: A Risk:Reward calculation displayed on the chart, can be used as filter to enter trades in Auto or Semi Auto mode. So EA will only take trades if the minimum R:R ratio is met (user settable)
4. User settable options: for trailing stop, take profits, BreakEven+buffer, SL+buffer,spread filter, max open trades, max pending orders per instrument.
5. Time function: A simple 'stop trading and start trading hour,day' that can used to avoid trading during major news release affecting that instrument.

Appreciate any inputs from others, the idea is to have an EA that will reduce the manual process of entering and managing trades but at the same time is flexible enough to fit our individual trading style. I think the pricing is reasonable and i like his honest approach.Hopefully we can fine tune this to suit our needs and reward the developer for his efforts.
Has anyone found out how many live accounts can be run with one license? Maybe we can negotiate multiple accounts or a DF members discount if it is only for one account.
cheers
Happy New Year everyone!
Title: Re: Harmonics Trader EA
Post by: Tradenow on December 31, 2012, 12:53:31 PM
Happy new year everyone!

I came along this ea and it seems to be a real alternative to the very expensive HAT Ea.  :D

H1 and H4 maybe D TF seems to be the best ones for pattern trading.
Wonder if vendor has some recommendations about pairs?

best regards
Mark
 
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on December 31, 2012, 02:27:40 PM
Hi again, I have had a few trades now and looking at them, i am not comfortable with the default R:R the EA is using to enter trades. From my understanding of Harmonics trade entry, we aim to achieve a minimum 1:1 R:R (point B as TP1 and extreme of PRZ as SL) and best average  price by scaling in within the PRZ.
It is a double edged sword, as it maximises profits when the trade moves in our favour and the losses are minimised if trade goes against us. The EA is doing exactly the opposite with default settings.
Not the end of the world (just the year!), i am sure the developer can quickly and easily program user settable parameters for us.
 cheers
Title: Re: Harmonics Trader EA
Post by: LFN on December 31, 2012, 02:28:05 PM
Happy new year everyone!

Wonder if vendor has some recommendations about pairs?

best regards
Mark
 

Not really, I asked, and he recommended H1 and H4 and EURUSD for start with.
Title: Re: Harmonics Trader EA
Post by: Tradenow on December 31, 2012, 02:33:16 PM
Not really, I asked, and he recommended H1 and H4 and EURUSD for start with.

hmmm....thanks for answer. looks realy interesting this ea.
I was playing with zup indi and harmonics pattern some months ago and considered to try the HAT ea. But it was too expensive and there are not much infos about real life results.
Seems to be that we have to wait what the demo accounts will bring and which pairs are the best.

best regards
Mark
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 31, 2012, 08:06:43 PM
This EA looks like a waste of time.  You can draw the conclusion on lower timeframe equity kept going down and down.  Probably a good candidate for reverse trade instead.  I bet on higher timeframe is the same if we encounter strong trend in one direction.  Looks like is another piece of junk that works on range bound market.  Since we couldn't do any backtest, it would take probably several months on higher timeframe to know whether is good or not.  But I doubt it from looking a lower timeframe.   
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on December 31, 2012, 09:05:50 PM
Hi again guys, for those of you that don't have a VPS and want to test drive this EA, i used the below link for a 30 day free trial of Red Palladin VPS through Vantage UK broker.
http://www.redpaladin.com/vantage-fx-30-day-free-trial/
I registered with Vantage UK and they sent me an email to access Red Palladin. (wait for the email from Vantage, do not register with Red Palladin with CC details)
Once you have access to Red Palladin, Vantage MT4 is already installed, open a demo account from within MT4. I got some error message installing EA and the installation pop up hanged but the installation was successful anyway.
I am sharing what i have done for a freebie, not reccomending the broker or VPS in anyway.
I am quite happy with Armada Markets  for their spreads and other stuff.

FXBabe, i would agree with what you say based on the EA's current default trade setting, however i am of the opinion that the EA is basically a Trade Management EA built around the ZUP engine. So if the developer can reprogram it to have user settable parameters and makes backtesting viable, i feel we might have a very useful tool to trade harmonics.

 Hoping to hear from others when they get back from the partying so we can give a list of features wanted to the developer.

GeekTrader, please cud u do the honours.
cheers
Title: Re: Harmonics Trader EA
Post by: fxbabe on December 31, 2012, 09:40:40 PM
Hi again guys, for those of you that don't have a VPS and want to test drive this EA, i used the below link for a 30 day free trial of Red Palladin VPS through Vantage UK broker.
http://www.redpaladin.com/vantage-fx-30-day-free-trial/
I registered with Vantage UK and they sent me an email to access Red Palladin. (wait for the email from Vantage, do not register with Red Palladin with CC details)
Once you have access to Red Palladin, Vantage MT4 is already installed, open a demo account from within MT4. I got some error message installing EA and the installation pop up hanged but the installation was successful anyway.
I am sharing what i have done for a freebie, not reccomending the broker or VPS in anyway.
I am quite happy with Armada Markets  for their spreads and other stuff.

FXBabe, i would agree with what you say based on the EA's current default trade setting, however i am of the opinion that the EA is basically a Trade Management EA built around the ZUP engine. So if the developer can reprogram it to have user settable parameters and makes backtesting viable, i feel we might have a very useful tool to trade harmonics.

 Hoping to hear from others when they get back from the partying so we can give a list of features wanted to the developer.

GeekTrader, please cud u do the honours.
cheers

Looking a little closer, I think the flaw of this EA is trying to predict the top or bottom.  This kind of strategy would not work in trending market.  You will quickly give back everything you make and some more.  I think this is the weakness of ZUP which I doubt you can do much to fix.  It like trying to stand in front of a run away train and you just get run over.  For example, Yen is weakening and why go short this EJ?  EJ will continue to go up probably for several thousand more pips and this EA essentially continue to short EJ and get slaughter every day. 
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 01, 2013, 01:10:10 AM
That is why i would like to have a semi auto mode so i can take trades on a discretionary basis. As an example, one could  have taken just bullish set ups on EJ, in which case one would have bought on a pullback.
Having said that, Harmonics seems to me as a trend reversal strategy and the strategy 'predicts' potential reversal at confluence of fibonnaci levels. Other tools like pivots, divergence, patterns on higher timeframes, key S/R levels can  be used for confirmation.
So the EA and ZUP are only tools to trade Harmonics and it is for you to decide if Harmonics is ur cup of tea.
Scot Carney is now giving away his ebook 'The Harmonic Trader' for free on his website. Very clear explanation of the fib ratios and relationships (u cud probably quickly skip thru the examples and reread  them later).
So far i like Harmonics because the R:R is wicked and martingale-grid entries can be applied within the PRZ without increasing overall risk but exponentiating returns.
For example, say i set 1% risk per chart/currency and i break it into 4 positions that are scaled in (within the PRZ grid).
1st position= 0.25%, 2nd position=0.40%,3rd position=0.25% and 4th position=0.10% (highly likely to least likely to be filled in that order).
If all my positions are filled and the trade moves against me, i still only loose 1%.
If all my positions are filled and the trade moves in my favour, i have entered at a better average price.
Patterns do fail and there are loosing trades but the winners cover them easily due to the high R:R, i have only traded demo for 3 weeks, so maybe i am just high on enthusiasm. In anycase this EA with the settings i want will help my complete the learning curve quicker.
Title: Re: Harmonics Trader EA
Post by: deweymcg on January 01, 2013, 04:27:05 PM
I haven't purchased this EA or tried out the demo version, but the first thing that strikes me about using this versus the more expensive HAT or even Scott Carney's Harmonic indicator is that if you are only using he ZUP indicator you are not filtering out a large enough number of lower quality patterns. Since Forex has no central exchange you will often find some brokers picking up a pattern that others don't see. The other two use 5 different price feeds and other filters to narrow down the number of patterns significantly. If you just take most of the patterns you won't be as successful.
Title: Re: Harmonics Trader EA
Post by: Tradenow on January 01, 2013, 05:10:48 PM
I haven't purchased this EA or tried out the demo version, but the first thing that strikes me about using this versus the more expensive HAT or even Scott Carney's Harmonic indicator is that if you are only using he ZUP indicator you are not filtering out a large enough number of lower quality patterns. Since Forex has no central exchange you will often find some brokers picking up a pattern that others don't see. The other two use 5 different price feeds and other filters to narrow down the number of patterns significantly. If you just take most of the patterns you won't be as successful.

Thanks for info,

do you know any HAT users?

best regards
Mark
Title: Re: Harmonics Trader EA
Post by: reinerh on January 01, 2013, 05:29:37 PM
Hi again guys, for those of you that don't have a VPS and want to test drive this EA, i used the below link for a 30 day free trial of Red Palladin VPS through Vantage UK broker.
http://www.redpaladin.com/vantage-fx-30-day-free-trial/
I registered with Vantage UK and they sent me an email to access Red Palladin. (wait for the email from Vantage, do not register with Red Palladin with CC details)
Once you have access to Red Palladin, Vantage MT4 is already installed, open a demo account from within MT4. I got some error message installing EA and the installation pop up hanged but the installation was successful anyway.
I am sharing what i have done for a freebie, not reccomending the broker or VPS in anyway.
I am quite happy with Armada Markets  for their spreads and other stuff.

FXBabe, i would agree with what you say based on the EA's current default trade setting, however i am of the opinion that the EA is basically a Trade Management EA built around the ZUP engine. So if the developer can reprogram it to have user settable parameters and makes backtesting viable, i feel we might have a very useful tool to trade harmonics.

 Hoping to hear from others when they get back from the partying so we can give a list of features wanted to the developer.

GeekTrader, please cud u do the honours.
cheers

Looking a little closer, I think the flaw of this EA is trying to predict the top or bottom.  This kind of strategy would not work in trending market.  You will quickly give back everything you make and some more.  I think this is the weakness of ZUP which I doubt you can do much to fix.  It like trying to stand in front of a run away train and you just get run over.  For example, Yen is weakening and why go short this EJ?  EJ will continue to go up probably for several thousand more pips and this EA essentially continue to short EJ and get slaughter every day.

yes it does try to predict top or bottom, thats the whole idea.

but around xmas the markets were weird to say the least, plus one needs to give such a bot more time to show its true potential.

4 weeks time is the least one needs to run this strategy.
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 01, 2013, 05:54:38 PM
Sorry GeekTrader, i jumped the gun! I have emailed the preliminary list to Walter and invited him to join this DF thread.

Hi Walter, Happy New Year to you. I came to know about the EA you have developed through Donna Forex thread here.
http://www.donnaforex.com/forum/index.php?topic=9086.30

Why dont you consider joining the thread to answer questions, you could interact directly with your potential customers. (please check with the Moderators about the rules as you are a 'commercial vendor' but there is no charge to just join to answer member's questions.

About the EA,i see its potential but currently the settings are not flexible enough to adapt it to my trading style of harmonics. Mainly because of the order entry method (EA uses stop orders) but i enter with limit orders and scale in by using the PRZ as a grid. I also martingale my entries within the PRZ. I have put together a list below for you to consider in a future update. I am also not too sure about running this EA as a set and forget, there is a lot of discretion to be used in Harmonics trading for me but i see the EA as an excellent Trade Management tool in semi automatic mode.

1. Semi Automatic mode: when a pattern is formed, there is an alert (pop up and/or email) to take the trade or not. So we may combine harmonics with some discretion (pivots.divergence,higher TF confluence). I think using the using the 'ask manual confirmation' option will create too many calls.
2. Scaling in Orders: Option to scale in orders within the PRZ, right now it seems the EA places pending stop orders, so it is not entering at the best price. I understand some would prefer this as a 'safer' approach but i would like the option of scaling into better average price and achieving a higher R:R. Also ability to enter with different lot size or risk when scaling in.
3. R:R Factor: A Risk:Reward calculation displayed on the chart, can be used as filter to enter trades in Auto or Semi Auto mode. So EA will only take trades if the minimum R:R ratio is met (user settable)
4. User settable options: for trailing stop, take profits, BreakEven+buffer, SL+buffer,spread filter, max open trades, max pending orders per instrument.
5. Time function: A simple 'stop trading and start trading hour,day' that can used to avoid trading during major news release affecting that instrument.
6. VPS Mode: I would like to run the EA on a VPS where it manages trades but enter trades from my  laptop..
7. SetFiles: Ability to save and  load set files
8. Back test compatability: I am not an expert at backtesting but i could not make sense of the back test results of this EA, maybe you could give us instructions for back testing.
9.Multiple data feeds pattern filter: This is not urgent but the expensive harmonics EAs claim to filter 5 different broker feeds. Right now i would just run it on 5 different brokers myself on my vps and use it as confirmation.

I hope it is not a tall order! I think you can reach a wider audience by programming more features into the EA and let users backtest/optimise it and create their own set files.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 01, 2013, 09:58:49 PM

yes it does try to predict top or bottom, thats the whole idea.

but around xmas the markets were weird to say the least, plus one needs to give such a bot more time to show its true potential.

4 weeks time is the least one needs to run this strategy.

I am sure vendor has plenty of forward test he has done and wish he could publish them. 
Title: Re: Harmonics Trader EA
Post by: deweymcg on January 02, 2013, 02:11:08 AM
I haven't purchased this EA or tried out the demo version, but the first thing that strikes me about using this versus the more expensive HAT or even Scott Carney's Harmonic indicator is that if you are only using he ZUP indicator you are not filtering out a large enough number of lower quality patterns. Since Forex has no central exchange you will often find some brokers picking up a pattern that others don't see. The other two use 5 different price feeds and other filters to narrow down the number of patterns significantly. If you just take most of the patterns you won't be as successful.

Thanks for info,

do you know any HAT users?

best regards
Mark

I can't say I know them, but the very few I have chatted with were very happy. There are lots of recommendations for it but no one has a link showing a forward test. On the flip side I have not been able to see any negative reviews of it either. Two of the people behind it are pretty well respected.


There is some good information about their service and Scott Carney's here:

http://www.trade-forex-harmonic-patterns.com/trading-community.html

as well as other good information in general.
Title: Re: Harmonics Trader EA
Post by: ledsfx on January 02, 2013, 03:51:46 AM
I have been trading harmonic patterns manually nearly about 3 years. I am using korharmonic and zup indicator. the problem with the harmonic indicator is that most of the pattern is draw incorrectly which will result low quality pattern. Sometime crab pattern is identified as bat pattern and so on. Most people will blame harmonic pattern is failed, but instead the indicator most of the time identified premature pattern or invalid pattern the most.
Also PRZ or convergence zone for point D,XA is not calculate correctly by the EA.
 So you need to manually validate the pattern using fib tools. I think this ea will give bad result if using as standalone. Maybe semi auto where user can select to accept the trade or not is a good idea.
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 02, 2013, 09:10:19 AM
Hi again, latest update from developer in response to my query.

'I will release an update in just a few days as soon as I have tested enough to make sure it has no bugs.
Here is what I have changed/added:
 
1. Real money management: risk % of equity per trade. (One trade is one found pattern). In current version it's just % of free margin for each order.
2. Geektrader pointed out to me that if trading on pairs with big spreads (10 pips or more) the orders were filled to quickly and also immediately stopped out.
So I've took care of that by involving the spread more dynamically.
3. More settings: set you own TP and Trailing stops. This also opens the possibility to set one or more number of orders' TP very wide (which is virtually a 0 TP) and simply trail until stopped out.
4. Spread filter.
5. max orders per pattern.
 
I think that the these changes are a good start.
I will surely take all your other suggestions into consideration and integrate them in yet another release if possible. (I see some good ideas)
 
I had more user settings in mind when developing but in extremis left them out because I thought that it only would confuse the majority of users. (and it probably will)
But now that I see that there is such a great demand...
 
When developing the EA, I started out with market execution orders, on the grid of the PRZ as you say. That's no different from limit orders in this case.
The disadvantage of this is that if the price continues in the same direction, you will have a loss. In testing I saw this happen a lot of times.
To be on the safer way I decided to work with stops, like the EA works now, you will indeed lose some pips because of later entry, but if price keeps going in the same direction there's no harm done.
 
The EA uses the ZUP indicator as you know. So it needs the objects on the chart. So the only way to backtest it is in the Strategy Testers' visual mode.
I could have easily integrated the ZUP into the EA (ZUP would still have to be in the indicator folder), I have tested that, so one could switch of visual mode, but it made no difference to the speed of the tests.
The ZUP is slowing things down because of it's many calculations.
And what's more, by leaving them separate, the user can now use another harmonic patterns indicator of his choice.'

 
Title: Re: Harmonics Trader EA
Post by: Tradenow on January 02, 2013, 05:21:21 PM
I can't say I know them, but the very few I have chatted with were very happy. There are lots of recommendations for it but no one has a link showing a forward test. On the flip side I have not been able to see any negative reviews of it either. Two of the people behind it are pretty well respected.


There is some good information about their service and Scott Carney's here:

http://www.trade-forex-harmonic-patterns.com/trading-community.html

as well as other good information in general.

thanks for sharing.  :D

best regards
Mark
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 03, 2013, 08:15:30 PM
Ledsfx, could you please share you trade entry and management.
 I am currently using EasyOrder scripts to place limit orders in the PRZ after working out my R:R (min 1). I aim at scaling in with an average price in the middle of the PRZ, i use various lot sizes but my overall risk is always 1% or less if some limit orders did not trigger.
I would be great to have this EA handle the trade entries and management, i am finding it a bit cumbersome with EasyOrder scripts as i have to focus on many charts.
cheers
I have been trading harmonic patterns manually nearly about 3 years. I am using korharmonic and zup indicator. the problem with the harmonic indicator is that most of the pattern is draw incorrectly which will result low quality pattern. Sometime crab pattern is identified as bat pattern and so on. Most people will blame harmonic pattern is failed, but instead the indicator most of the time identified premature pattern or invalid pattern the most.
Also PRZ or convergence zone for point D,XA is not calculate correctly by the EA.
 So you need to manually validate the pattern using fib tools. I think this ea will give bad result if using as standalone. Maybe semi auto where user can select to accept the trade or not is a good idea.
Title: Re: Harmonics Trader EA
Post by: cb75 on January 03, 2013, 10:32:32 PM
I haven't purchased this EA or tried out the demo version, but the first thing that strikes me about using this versus the more expensive HAT or even Scott Carney's Harmonic indicator is that if you are only using he ZUP indicator you are not filtering out a large enough number of lower quality patterns. Since Forex has no central exchange you will often find some brokers picking up a pattern that others don't see. The other two use 5 different price feeds and other filters to narrow down the number of patterns significantly. If you just take most of the patterns you won't be as successful.

Thanks for info,

do you know any HAT users?

best regards
Mark

 I ran the 6 month HAT subscription a year ago - there was a user "mary something-or-other" that was posting results on this forum the same time I was running it. End result of the 6 month subscription was a $6k loss - this was using 1% per trade and full automatic EA use. Maryxyz was only posting after there was a positive run and neglected the negatives.
 Maybe things have changed in the last 8 months but I did not feel I received a positive experience (and neither did my trading account).
Title: Re: Harmonics Trader EA
Post by: ultracat on January 03, 2013, 11:36:39 PM
I have no personal stake in it but in terms of the strategy I bought a similar product from a different vendor called HarmonixEA.  I ran it for 4 months, it traded a lot never really made money and didn't really lose either.  I stopped running it though caused it felt like a waste of time.  if this is just an automated Harmonic trader then this may not be the best market for it.  will follow the thread though...
Title: Re: Harmonics Trader EA
Post by: ledsfx on January 03, 2013, 11:40:56 PM
Ledsfx, could you please share you trade entry and management.
 I am currently using EasyOrder scripts to place limit orders in the PRZ after working out my R:R (min 1). I aim at scaling in with an average price in the middle of the PRZ, i use various lot sizes but my overall risk is always 1% or less if some limit orders did not trigger.
I would be great to have this EA handle the trade entries and management, i am finding it a bit cumbersome with EasyOrder scripts as i have to focus on many charts.
cheers

My entry is at convergence of XA retracement,AB=CD , BC extentension and supply/demand zone.I use limit order and tp is at 0.618AD extension.
I created a blog some year ago about harmonic trading, didn't update quite long, but it's good i put many example from my live trades.
http://tradeharmonicpatterns.blogspot.com
gartley example : http://tradeharmonicpatterns.blogspot.com/2011/08/eurgbp-h1-bullish-gartley-pattern-18.html
Title: Re: Harmonics Trader EA
Post by: 4maT on January 04, 2013, 02:52:15 AM
A new version is released.

I started a new test with version 2.2.
Risk = 3%
Thinkforex demo all pairs
Timeframe: 15m, 1h, 4h, 1d

4maT


Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 04, 2013, 12:33:03 PM
Thank LedFX, will look into it today.

I have emailed the queries below to Walter regarding the new version features (and my demands for more!)

• Set Max Number of Orders for each Pattern. per chart/time frame? In my manual strategy i would use patterns in multi TFs as confirmation and only enter in one.
• Money Management: Set Risk % of account equity per found Pattern.per chart/time frame?
• Risk Reward setting: Set Risk Reward ratio and skip or adjust the orders to R:R if R:R condition is not met. based on the basket of trades or just the first one?
• Set TP at Percent of Retracement (leg C-D) for each order. This is brilliant feature. My hopes are raised that you would add a similar feature to place the pending orders with option to choose Stop or Limit entry. The pending orders will then be at fibonacci confluence levels adding to the precision of entries.
• Set Trailing stops: Set, enable or disable trailing stops for each individual order. Start Trailing the Position at Percent=, please could you illustrate further? Also could you explain 'Set to Break Even'. What what point is the trade moved to BE?, is PA withing PRZ or only after it exits PRZ?
• User configurable High Spread Filter: Opens no trades when spread is too high. Have not understood the parameters, Is this better than a simple user defined spread? Will it not slow down the system if cals are based on ticks?
• Turn sound on or off when orders are placed. I see a future feature takes a snapshot and saves it like WRR_ZUP_info does but with the entry levels visible. Speaking of which, what do you think of making the order,SL and TP lines into visual lines that can be moved by dragging them?

Great work so far.
cheers Raj
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 04, 2013, 05:54:41 PM
and here is the prompt response,
I'll try to clarify, here it goes:
• Set Max Number of Orders for each Pattern. per chart/time frame? In my manual strategy i would use patterns in multi TFs as confirmation and only enter in one.
Yes, like it says, for each found pattern.
If you have 10 charts open with the EA on it and ZUP finds a pattern on 6 of them and the conditions to open are good enough on each to open the max of 5 (if 5 set as max) you will have 30 orders.
This brings me to your second question:
• Money Management: Set Risk % of account equity per found Pattern.per chart/time frame?
Yes, per found pattern per chart (whatever time frame).
If max orders is set to 5 and conditions are good again to open all 5, it will only risk the percentage of your equity you set, if SL gets hit for all 5 positions.
ATTENTION though: If you deploy the EA on 50 charts (like geektrader is testing brute-force, no offence), and you set risk to only 1% on each of them, and on all 50 charts a pattern is traded, you virtually risk 50 times 1 % of your equity which adds up to 50 %! So keep this in mind when setting up the EA.
• Risk Reward setting: Set Risk Reward ratio and skip or adjust the orders to R:R if R:R condition is not met. based on the basket of trades or just the first one?
This is for each individual order placed.
If for instance you set R:R to 1:1 and the SL is 10 pips and an orders' TP was meant to be at 7 pips, it will either open the order with a corrected TP of 10 pips (is 1:1) or skip the trade depending on the 'Skip' setting 'false' or 'true'. It does this for each order. So lets say 'Skip' is set to 'false' (so it will adjust) and the first 3 orders have a R:R of less than 1:1, then their TP's will pile up at the 1:1 ratio.
If 'Skip' is set to 'true' it will simply skip the order and move on to the next one. So according to inputs it may well be that no orders are placed.
pfffff t, I hope this makes sense :)
• Set TP at Percent of Retracement (leg C-D) for each order. This is brilliant feature. My hopes are raised that you would add a similar feature to place the pending orders with option to choose Stop or Limit entry. The pending orders will then be at fibonacci confluence levels adding to the precision of entries
May be added later.
• Set Trailing stops: Set, enable or disable trailing stops for each individual order. Start Trailing the Position at Percent=, please could you illustrate further? Also could you explain 'Set to Break Even'. What what point is the trade moved to BE?, is PA withing PRZ or only after it exits PRZ?
Again, lets talk in pips rather then in % to make things easier to explain.
Entry to TP of first order is 10 pips. TR_1 = 80%. This position will then start trailing when price gets at +8 pips.
Now as for the Break Even setting (true): since the TP_1 to TP_5 has to be in ascending order, all positions will start trailing together with this first (smallest TP) position.
They will stop trailing and switch to their own trailing stop setting if the first position is closed.
If according to the R:R feature a few positions are skipped (let's say 1,2 and 3), the BE feature will still work on the first opened position, in this case the 4th. So 5 will trail together with 4. Makes sense?
If the TR_x is set to 0 (no trailing) and this order happens to be the 1st one opened, the Break Even feature will not work.
Other example: TP of 5th order is set to 500% :) , and you want to start trailing this position when price gets at 100% of leg CD. You set TR_5 to 20%.
• User configurable High Spread Filter: Opens no trades when spread is too high. Have not understood the parameters, Is this better than a simple user defined spread? Will it not slow down the system if cals are based on ticks?
This is better than let the users set the max spread (hard coded) for each individual pair themselves.
'SpreadLongPeriodTicks':
We calculate the average spread of the last 10000 ticks (is about 1 to 2 hours depending on instrument). Let's say this gives an average of 1 pip.
'SpreadShortPeriodTicks':
We calculate the average spread of the last 100 ticks (is about 1 to 2 minutes depending on instrument)
'PercShortHigherThanLong' set to
30%
If now the average spread of the last 100 ticks (Short period) is more than 1.3 pips (30% of 1 pip is 0.3 pip), there will be no orders opened as long as it does not drop back under 1.3 pips spread.
I does not slow down the system (I use no loops to calculate)
• Turn sound on or off when orders are placed. I see a future feature takes a snapshot and saves it like WRR_ZUP_info does but with the entry levels visible. Speaking of which, what do you think of making the order,SL and TP lines into visual lines that can be moved by dragging them?
Ah, the sound of the future :)
 
With all these improvements it can now also be used on the smallest TF's. (Is great for back testing on the M1 TF, gives more patterns)
 
BTW, I hope that everybody understands that almost everything depends on the quality of the patterns provided by the indicator.
So I think that my next step will be to focus more on the (ZUP) indicator and others.
 
I also think that with my EA, everybody has gained a great trade manager. (As noticed by a few forum members)
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 07, 2013, 06:12:48 PM
Hi all, i have some good news (for me atleast), Walter is now working on making the EA take scaled in limit/stop orders and also a semi auto mode. It already has semi auto functionality but a bit cumbersome to use. I think he will offer a simple pop up solution to take the trades or not.
As for those looking for a fully automated EA, he is working on filtering out poor quality patterns, i think the latest ZUP V123 has this built in, just getting around the russian translation now.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 07, 2013, 07:36:35 PM
Hi all, i have some good news (for me atleast), Walter is now working on making the EA take scaled in limit/stop orders and also a semi auto mode. It already has semi auto functionality but a bit cumbersome to use. I think he will offer a simple pop up solution to take the trades or not.
As for those looking for a fully automated EA, he is working on filtering out poor quality patterns, i think the latest ZUP V123 has this built in, just getting around the russian translation now.

I am still testing v2.1 here.  Visual BT a few months randomly EU H1 and it is always losing.  I thought its a waste of time, however I don't know why my higher TF forward test so far in nice profit.  A little confuse now.  M15 looks like a no go, M30 so so, H1 seem the best and so as H4 may be.  Anyone?
Title: Re: Harmonics Trader EA
Post by: felipebr on January 07, 2013, 07:42:31 PM
Hi people, I only started to test it at December.. so I think we should wait to see how it trades in January, since the cristmas and new year are not good to start a new EA.

I think it's very promising but I got one margin call at 2012, another EA.. so I will be carefull. :)
Title: Re: Harmonics Trader EA
Post by: ultracat on January 07, 2013, 09:05:14 PM
Hi all, i have some good news (for me atleast), Walter is now working on making the EA take scaled in limit/stop orders and also a semi auto mode. It already has semi auto functionality but a bit cumbersome to use. I think he will offer a simple pop up solution to take the trades or not.
As for those looking for a fully automated EA, he is working on filtering out poor quality patterns, i think the latest ZUP V123 has this built in, just getting around the russian translation now.

I am still testing v2.1 here.  Visual BT a few months randomly EU H1 and it is always losing.  I thought its a waste of time, however I don't know why my higher TF forward test so far in nice profit.  A little confuse now.  M15 looks like a no go, M30 so so, H1 seem the best and so as H4 may be.  Anyone?

I believe with harmonic patterns, in general terms, the higher TF you use the more reliable the pattern is in reference to the trend.  In other words higher TF = higher accuracy patterns, but less frequent and most likely longer held trades.
Title: Re: Harmonics Trader EA
Post by: felipebr on January 07, 2013, 09:53:26 PM
Yes I think you right... and despite the indicator complexity, it's great the fact that it's open source. So "anyone" can try to improve it.
I think will be great if we can filter those bad structured patterns and enjoy the better ones.

 :)
Title: Re: Harmonics Trader EA
Post by: blamshakk on January 08, 2013, 03:05:17 AM
hey fxbabe can you post a myfxbook link to your forward test that is going well?

Hi all, i have some good news (for me atleast), Walter is now working on making the EA take scaled in limit/stop orders and also a semi auto mode. It already has semi auto functionality but a bit cumbersome to use. I think he will offer a simple pop up solution to take the trades or not.
As for those looking for a fully automated EA, he is working on filtering out poor quality patterns, i think the latest ZUP V123 has this built in, just getting around the russian translation now.

I am still testing v2.1 here.  Visual BT a few months randomly EU H1 and it is always losing.  I thought its a waste of time, however I don't know why my higher TF forward test so far in nice profit.  A little confuse now.  M15 looks like a no go, M30 so so, H1 seem the best and so as H4 may be.  Anyone?
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 08, 2013, 04:06:46 AM
hey fxbabe can you post a myfxbook link to your forward test that is going well?

Hi all, i have some good news (for me atleast), Walter is now working on making the EA take scaled in limit/stop orders and also a semi auto mode. It already has semi auto functionality but a bit cumbersome to use. I think he will offer a simple pop up solution to take the trades or not.
As for those looking for a fully automated EA, he is working on filtering out poor quality patterns, i think the latest ZUP V123 has this built in, just getting around the russian translation now.

I am still testing v2.1 here.  Visual BT a few months randomly EU H1 and it is always losing.  I thought its a waste of time, however I don't know why my higher TF forward test so far in nice profit.  A little confuse now.  M15 looks like a no go, M30 so so, H1 seem the best and so as H4 may be.  Anyone?

It's all here in post#16 http://www.donnaforex.com/forum/index.php?topic=9086.msg232196#msg232196
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 08, 2013, 02:09:43 PM
hi all, there is now a later version of the ZUP pattern recognition indicator that the EA uses, (EA uses V120, 123 is latest).
V123 can filter out poor patterns and Walter is looking at using that but the manual and free support is in russian.
So if anyone can translate russian or finds an english manual for ZUP V123, let Walter know.
cheers
Title: Re: Harmonics Trader EA
Post by: 999cjb on January 08, 2013, 02:18:08 PM
hi all, there is now a later version of the ZUP pattern recognition indicator that the EA uses, (EA uses V120, 123 is latest).
V123 can filter out poor patterns and Walter is looking at using that but the manual and free support is in russian.
So if anyone can translate russian or finds an english manual for ZUP V123, let Walter know.
cheers

Google translator can translate almost anything to anything and is getting better all the time.

Should be good enough for a manual I would have thought.
Title: Re: Harmonics Trader EA
Post by: NedimHad on January 08, 2013, 08:45:22 PM
I just bought the EA and it seems to be a good addition to my trading arsenal and it might replace harmonicautotrader if results are comparable.

So far it is up and running on 20 different currency pairs, metals and will try it low risk on CFD for higher timeframes, H1, H4 and D1.

Title: Re: Harmonics Trader EA
Post by: teuteux on January 09, 2013, 12:00:32 AM
the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull
Title: Re: Harmonics Trader EA
Post by: energyclub on January 09, 2013, 02:43:47 AM
Just wondering, who is rating these ea's and what does five star mean for this ea
Title: Re: Harmonics Trader EA
Post by: geektrader on January 09, 2013, 04:13:31 AM
The EA is still being refined by the author and quality will raise with better settings for the ZUP indicator - that´s all the EA bases on, so ZUP is the real quality point here. I have suggested some further confirmation methods for the patterns to the author which I am sure will refine hit-rate by a huge bit. Additionally there are new demo accounts on my page #1 post on Pepperstone now because of the lower spreads on the exotic pairs. So far only winners. But this also uses the ZUP v123 indicator with "StrongPatterns" set to 1 (new in ZUP v123) - will reduce false patterns and only display the more accurate ones - and hence Harmonics Trader EA will also only trade those. Let´s see how it comes along.
Title: Re: Harmonics Trader EA
Post by: geektrader on January 09, 2013, 07:40:45 PM
the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull

What crashed where and what was deleted? The author never posted any accounts so far. Do your homework before posting newbie-bullshit. You don´t even seem to know what harmonic patterns are, otherwise you´d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.

Think before you post next time, especially as a newbie here!
Title: Re: Harmonics Trader EA
Post by: blamshakk on January 10, 2013, 03:03:06 AM
well heres my $0.02... testing  v 2.1 so far for a couple of days on H1 and H4 - nothing but winners so far, very pleased with the performance of this EA seems to have a bright future
Title: Re: Harmonics Trader EA
Post by: geektrader on January 10, 2013, 06:25:40 AM
Great to hear that. Would be great if you let us know which broker and settings for the EA + ZUP indicator versions (and it´s settings). Thanks.
Title: Re: Harmonics Trader EA
Post by: atomico on January 10, 2013, 01:03:18 PM
guys,

some suggestion to set the EA with Risk Reward 1:2 and SKIP ORDER? i have to leave it false or true?

i use chart only from H1.

i have set also 3max order with 0.5% risk... all the rest are setting to default... it's a good choice?
Title: Re: Harmonics Trader EA
Post by: blamshakk on January 10, 2013, 02:05:50 PM
geekatrader:

i am running with the template provided in v2.1, so OOTB, only changed the lot size to 0.1 and percent of free margin to 0

Great to hear that. Would be great if you let us know which broker and settings for the EA + ZUP indicator versions (and it´s settings). Thanks.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 10, 2013, 06:39:08 PM
My higher TF H1 is taking a hit today just like I thought it would be from looking at lower TF.  It's becoming clear that the many random visual BT I did matches my conclusion that this EA will continue to keep on losing and losing.  It like trying to stop of a fast moving train by stand in front of it only get run over and over again in a strong trend and will give back and some more.  It is zup trying to predict the top which work on range bound market.  May be we need to use MA to filter out strong trending pair or manually select those range bound pair to trade which is easier to say than done.  Another thing is H4 or probably D1 would hopefully fair better but it might even not do it in a very strong trend. 
Title: Re: Harmonics Trader EA
Post by: geektrader on January 10, 2013, 06:59:11 PM
It´s the problem with the repainting and disappearing patterns in ZUP, I draw the same conclusion here that this won´t work long term if we trade unfinished ZUP patterns. I´ve hence suggested to the author that we only should trade a pattern once it is confirmed. In the sense of that the pattern finalized drawing 1 bar ago and there is NO MORE signal on the current bar. This means the pattern is definitely final, can´t repaint or vanish again and we are safe to trade it. Sure we enter 1 bar late, but if you look at history, the trend goes about 70 bars long into the right direction after the pattern occured, so still more than enough time to get in and we only trade final patterns this way that, as you can see in ZUP history, really work most of the time.

I have cancelled my forward tests for now until the EA has such a feature. Mainly also because running all pairs on so many TFs brings my VPS to it´s very limits and I currently don´t see the sense in further testing when we trade any and every vanishing and repainting pattern.
Title: Re: Harmonics Trader EA
Post by: felipebr on January 10, 2013, 07:19:37 PM
Hi Guys, I think you right.. we need more filters because lot of trades.. most of them are getting fired and hit the stop loss. The Risk Reward is great but as you said, for a long term looks like not profitable.

I will stop my tests also.

Regards
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 10, 2013, 07:37:00 PM
It´s the problem with the repainting and disappearing patterns in ZUP, I draw the same conclusion here that this won´t work long term if we trade unfinished ZUP patterns. I´ve hence suggested to the author that we only should trade a pattern once it is confirmed. In the sense of that the pattern finalized drawing 1 bar ago and there is NO MORE signal on the current bar. This means the pattern is definitely final, can´t repaint or vanish again and we are safe to trade it. Sure we enter 1 bar late, but if you look at history, the trend goes about 70 bars long into the right direction after the pattern occured, so still more than enough time to get in and we only trade final patterns this way that, as you can see in ZUP history, really work most of the time.

I have cancelled my forward tests for now until the EA has such a feature. Mainly also because running all pairs on so many TFs brings my VPS to it´s very limits and I currently don´t see the sense in further testing when we trade any and every vanishing and repainting pattern.

Repainting is the word thank for putting this in perspective.  This repainting is so serious that even if we enter 1 bar late would not help.  Zup could show up again if price make another high many many many bars later.  This is absolutely crazy.  ::)
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 10, 2013, 08:08:42 PM
guys,

some suggestion to set the EA with Risk Reward 1:2 and SKIP ORDER? i have to leave it false or true?

i use chart only from H1.

i have set also 3max order with 0.5% risk... all the rest are setting to default... it's a good choice?

This is probably a good idea to increase the Risk Reward in order to compensate the many repainting problem with this EA.  As soon as we latches on to a good pair, we milk it hard.  May be it will balance things out in the long run.  I still have some hope on higher TF like H4 and now trying to test D1 and will do some visual BT to see if they are any good. 
Title: Re: Harmonics Trader EA
Post by: blamshakk on January 11, 2013, 02:18:42 AM
i agree with fxbabe. update to my demos, H1 has taken a battering yesterday, while H4 is still doing well. h4 patterns just scrolling back on the charts seem to have some merit

i think we will have to wait for the next version that lotusbuddha mentioned, with options like scaling into the PRZ, to have a version that works better on H1 timeframe (and possibly below)

according to my information should be out within the next two weeks
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 12, 2013, 08:48:44 AM
Hi GeekTrader, welcome back and thank you once again for bringing this EA to our notice.

I am sure those of you who have registered would have received this message from Walter already.

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:
http://www.harmonicstrader.com/download.php

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.
Title: Re: Harmonics Trader EA
Post by: teuteux on January 12, 2013, 10:03:41 AM
the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull

What crashed where and what was deleted? The author never posted any accounts so far. Do your homework before posting newbie-bullshit. You don´t even seem to know what harmonic patterns are, otherwise you´d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.

Think before you post next time, especially as a newbie here!


Here it's the link if you don't believe me

http://www.myfxbook.com/members/Marcel/harmonics/448428

And if the autor is a responsible person he will give you the access back to show that in one week the EA crashed!!!!
Title: Re: Harmonics Trader EA
Post by: geektrader on January 12, 2013, 05:50:48 PM
the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull

What crashed where and what was deleted? The author never posted any accounts so far. Do your homework before posting newbie-bullshit. You don´t even seem to know what harmonic patterns are, otherwise you´d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.

Think before you post next time, especially as a newbie here!


Here it's the link if you don't believe me

http://www.myfxbook.com/members/Marcel/harmonics/448428

And if the autor is a responsible person he will give you the access back to show that in one week the EA crashed!!!!

Neither by the name of the system nor by the name of the author I can make any relation to this EA exactly - there are other harmonic trading EAs and also Harmonic manual trading out there. So how do you know it´s THIS EA in this thread that was running on this deleted MyFxBook system?

Beside that you can clearly see that noone is trying to hide anything, we are running forward tests here and discuss about features for the EA which is still in development and neither the author nor anyone else here said that it is working perfectly and will make you gains. It´s just a very nice front-end EA for trading signals of the ZUP indicator, so everything depends on this indicator and if we can tune it to generate correct signals - which is difficult giving the repainting.
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 12, 2013, 08:48:40 PM
Teuteux, The EA is available for free unlimited trial on demo account, why dont you test it yourself rather than rely on deleted myfxbook links. The author does not promise any overnight riches that you should warn us about.
We are all testing it and we are aware of its limitations and possibilities, if you have any suggestions to improve it, the author will look into coding it into the EA like he has for me.


the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull

What crashed where and what was deleted? The author never posted any accounts so far. Do your homework before posting newbie-bullshit. You don´t even seem to know what harmonic patterns are, otherwise you´d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.

Think before you post next time, especially as a newbie here!


Here it's the link if you don't believe me

http://www.myfxbook.com/members/Marcel/harmonics/448428

And if the autor is a responsible person he will give you the access back to show that in one week the EA crashed!!!!
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 13, 2013, 02:15:17 AM
Hi GeekTrader, welcome back and thank you once again for bringing this EA to our notice.

I am sure those of you who have registered would have received this message from Walter already.

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:
http://www.harmonicstrader.com/download.php

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.


Thanks for the heads up coz I haven't signup yet.  I am still on v2.1 and doing visual BT and forward test etc.  However, I did a little comparison to v2.2 and I find one advantage of v2.1 is actually have smaller stop loss thus can recover faster.  A little update on my visual BT and looks like H4 may have some fighting chance with the random BT I did which is extremely slow I don't know if it works long term though.  When you get into the much higher TF like D1 and W1 or Monthly, those SL can be very huge like over several hundred pips so may not be practical to trade them. 
Title: Re: Harmonics Trader EA
Post by: 4maT on January 13, 2013, 11:05:28 PM
the EA alreaydy crashed after 4days trading and the autor deleted it.

An other joke EA!!! BE carefull

What crashed where and what was deleted? The author never posted any accounts so far. Do your homework before posting newbie-bullshit. You don´t even seem to know what harmonic patterns are, otherwise you´d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.

Think before you post next time, especially as a newbie here!


Here it's the link if you don't believe me

http://www.myfxbook.com/members/Marcel/harmonics/448428

And if the autor is a responsible person he will give you the access back to show that in one week the EA crashed!!!!

Neither by the name of the system nor by the name of the author I can make any relation to this EA exactly - there are other harmonic trading EAs and also Harmonic manual trading out there. So how do you know it´s THIS EA in this thread that was running on this deleted MyFxBook system?

Beside that you can clearly see that noone is trying to hide anything, we are running forward tests here and discuss about features for the EA which is still in development and neither the author nor anyone else here said that it is working perfectly and will make you gains. It´s just a very nice front-end EA for trading signals of the ZUP indicator, so everything depends on this indicator and if we can tune it to generate correct signals - which is difficult giving the repainting.

That myfxbook link is mine and I am certainly not the author of the EA. I removed the link, because I got all sorts of comments from kids from another forum where my link was published (worldwide investment forum; full of hackers and freeloaders).

4maT
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 14, 2013, 03:09:35 PM
Hi GeekTrader, are you using ZUP 123? Could you please share what you already know about it?
What are the different options for the VarStrongPatterns that you mentioned?
Also, i see an field call Visible Patterns and it is all 0 in ZUP 123 bt ZUP 120 has 0 and 1?
Cheers
The EA is still being refined by the author and quality will raise with better settings for the ZUP indicator - that´s all the EA bases on, so ZUP is the real quality point here. I have suggested some further confirmation methods for the patterns to the author which I am sure will refine hit-rate by a huge bit. Additionally there are new demo accounts on my page #1 post on Pepperstone now because of the lower spreads on the exotic pairs. So far only winners. But this also uses the ZUP v123 indicator with "StrongPatterns" set to 1 (new in ZUP v123) - will reduce false patterns and only display the more accurate ones - and hence Harmonics Trader EA will also only trade those. Let´s see how it comes along.
Title: Re: Harmonics Trader EA
Post by: Antny on January 16, 2013, 06:02:11 AM
For starters, i hardly ever post anything here, so if I get any responses to my post, it could be a long while before I check back.....but i will respond eventually (assuming I see it).  :)

Anyway, the reason I am posting here is because I have some useful information regarding the trading of harmonic patterns. I have spent literally hundreds of hours scanning for patterns and testing on different pairs & timeframes. So...on to the information.

To start, the bad news. If you trade all occurring patterns, regardless of their technical correctness, you will lose money. The actual accuracy of unfiltered harmonic patterns is terrible. For example.....everyone is probably aware of the amazing accuracy of the cypher pattern by now. Well, that accuracy only exists when it is traded with a very strict set of filtering applied. I did an analysis of every possible occurrence for the most recent 10 months on the EURUSD. The smallest pattern was no more than 10 pips in size, and the biggest ranged across many weeks. What was the actual accuracy? 51%. In other words, random.

in general, all the harmonic patterns are like this or worse. So, an ea that trades harmonic patterns blindly displayed by ANY indicator will breakeven at best....unless....there is some very good filtering method applied.

What I am saying is....any currently available pattern trading EA is ONLY good as a trade tool. None of them are capable of running fully automated over an extended period, on any timeframe, profitably.

This is not to say that harmonics are useless. They are nothing more than a trade tool. It just requires proper market analysis to identify the high probability setups.

Now, I said all that to get people back into the correct frame of mind. The harmonic EAs are not worthless, just not usable as a fully automated system. How do I know? Because I have spent the last year working on automating harmonic pattern trading. It is not without hope, because i have encountered some very good elements that are looking quite good at this moment. I am not ready to discuss anything in detail at this time because we are still working on the system. I will say that i have discovered a new pattern that has shown a long-term accuracy of >70% without any filtering method applied.

So, trade safe. If you use the currently available harmonic EAs, use them as trade tools, not as fully automated systems.
Title: Re: Harmonics Trader EA
Post by: geektrader on January 16, 2013, 06:09:10 AM
Thanks for your input - that´s great. Why not join forces with the author of Harmonics Trader EA to create a better EA?

Also, the guys from Harmonic Auto Trader (they say they use 56 confirmations for each pattern before considering a trade), are profitable with it long term it seems. Look here: http://www.harmonicautotrader.com/performance.html  Sure it´s not verified, but they charge 400$ for 3 months (if I am right) and many people are happy with the system.

So it is possible and I am sure the author of Harmonics Trader will make all efforts to get it profitable (in fact he is currently adding filters to the EA already to confirm the patterns).
Title: Re: Harmonics Trader EA
Post by: Antny on January 16, 2013, 11:55:14 AM
Thanks for your input - that´s great. Why not join forces with the author of Harmonics Trader EA to create a better EA?

Also, the guys from Harmonic Auto Trader (they say they use 56 confirmations for each pattern before considering a trade), are profitable with it long term it seems. Look here: http://www.harmonicautotrader.com/performance.html  Sure it´s not verified, but they charge 400$ for 3 months (if I am right) and many people are happy with the system.

So it is possible and I am sure the author of Harmonics Trader will make all efforts to get it profitable (in fact he is currently adding filters to the EA already to confirm the patterns).

Well, because I know the current system that all these indicators are built on is faulty at the core. That is why I have been working on my own system. We tried to use a system similar to what all the other indies are using, and we discovered that it had all the same issues we were seeing in the other pattern detection indicators. So, we created a revolutionary method of scanning for patterns.

This is when we ran into a snag. MQL4 could not handle the processing load. So, the past couple months we have been working on building a stand-alone piece of program that we will feed price data into, and it will do all the market scanning.

This has an additional benefit. We will be able to interface with any platform, not just mt4. Oh yeah, and there is also the nasty little problem of searching for my own pattern i spoke of earlier. None of the current systems are capable of scanning for it, and this new system will be capable of doing so.

Once we get the system operable for the pattern scanning, we will be able to start coding for the market analysis neural network that will be used in conjunction with the patterns. It will basically interpret what the market is doing, and be used to block the lower probability pattern detections. That is an entirely different problem, but the new search engine will be capable of dealing with this.

If all goes well, we are hoping to have a working search engine that we can start testing in February. So, hopefully everything stays on schedule. Until then, i am stuck with the tedious chore of trading it manually. That is starting to wear on me a bit as I have to be ready to trade 24 hours a day. Not to mention the old search engine is all I have to work with, and it misses lots of good setups. It doesn't seem to have a problem finding the losing ones though.  In spite of these issues, the pattern has shown to hold its accuracy(~71%) regardless of the time it occurs, or the size of the pattern. Sometimes, you will have several instances happen during the course of a day. And then there are times when you will have one occurrence over a couple weeks. So, I really cannot afford to miss it when it does happen. I just want it automated as soon as possible so I don't have to trade it manually ever again.

As for the service we will offer, it will be a signal service or MAM of some type. Very likely will be similar to the HAT's business model where we keep everything on a server and just send out the trade signals for a monthly subscription. Then it would just be a simple matter of dealing with an interface into the platform we decide to market to, probably mt4 since it is the most popular, but I also like Ninja Trader, so that one is on my short list too.

Anyway....
As for the HarmonicsTrader EA, if the author seriously wants to make it profitable, he will have to incorporate some very intensive filter methods.  Like you have noticed, the only solidly profitable, publicly available, pattern trading system (HAT), requires a ton of  confirmations. There is one other nasty little bit of information that is not that great about the HAT. They say their win % is about 70% (last time I checked with them about it). Any trades that are taken out at breakeven, are counted as winners. The breakeven for that figure is set when the price retraces between 10-15% of the CD leg of the pattern. When I did the figures for my pattern, all the breakeven trades were thrown out entirely. So, when I said my pattern hit 70% accuracy, it really was 70% accuracy.

Break time is over....back to the charts..... 8)
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 17, 2013, 06:49:51 AM
I think another problem with this EA is the MaxNbrOfOrder =5.  As I look at my result, many occasion 4 or 5 orders goes straight into SL whereas only few and far between that goes all the way to TP.  This lopsidedness is a problem.  I am going to start another demo on H1 and H4 with 1 order only and 1:2 risk reward and see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta22-h1mo1r12/466879
http://www.myfxbook.com/members/fxbabe/hta22-h4mo1r12/466894
Title: Re: Harmonics Trader EA
Post by: yamez on January 19, 2013, 07:57:19 AM
This EA as it stands now may be useful as an alert and trade manager. The ZUP patterns need confirmations. I have only used ZUP and KorHarmonics a little so I don't know how useful they are. Most Harmonics users say you should draw the patterns yourself since the ZigZag indy used in ZUP and others repaints continuously.

According to this site ( _http://www.trade-forex-harmonic-patterns.com/ ), which the EA author links to, Gartley patterns should only be traded in a channel, in the direction of the trend. Bat and crab patterns where strong H1 or higher S/R is present. Butterfly patterns when only the best pattern setup is present with tight SL. Check the "cheat sheet" for more information.

According to one thread over at Trading Arsenal, approximately 70% of patterns are invalidated. So bringing those 30% winners to over 50% with confirmations and with the usual elusive good MM and trade management thrown in you have an edge. This the trader must learn by doing the hard yards.

I'm starting to play around with Harmonics and will be using the SHI channel indy, AutoChartist emerging chart patterns and this S/R indy at ( _http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514&start=30 )
Title: Re: Harmonics Trader EA
Post by: felipebr on January 24, 2013, 06:25:54 PM
I think another problem with this EA is the MaxNbrOfOrder =5.  As I look at my result, many occasion 4 or 5 orders goes straight into SL whereas only few and far between that goes all the way to TP.  This lopsidedness is a problem.  I am going to start another demo on H1 and H4 with 1 order only and 1:2 risk reward and see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta22-h1mo1r12/466879
http://www.myfxbook.com/members/fxbabe/hta22-h4mo1r12/466894


Hi people, looks like you getting very fewer trades on H4 but great trades anyway. Next week I will start a new demo test on IC Market with most pairs including CFDs on H4 and last EA version.

Regards
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 04:31:28 AM
I think another problem with this EA is the MaxNbrOfOrder =5.  As I look at my result, many occasion 4 or 5 orders goes straight into SL whereas only few and far between that goes all the way to TP.  This lopsidedness is a problem.  I am going to start another demo on H1 and H4 with 1 order only and 1:2 risk reward and see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta22-h1mo1r12/466879
http://www.myfxbook.com/members/fxbabe/hta22-h4mo1r12/466894


Hi people, looks like you getting very fewer trades on H4 but great trades anyway. Next week I will start a new demo test on IC Market with most pairs including CFDs on H4 and last EA version.

Regards

It has nice result mostly because Yen pairs all headed long without hesitations, if not, I think it could have been bloodbath also.  I still not very sure about the MaxOrder=1 and it seemed to be working as expect so far at least more controlled as far as risk is concern except it doesn't seem to kick in the BE unless it is very near to TP which can be costly.  I think another problem with this EA is SL can varied so widely.  Some even goes as high as 200 pips on H4 and even on H1.  I wish we can have a way to disable the SL and put our own SL and TP. 
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 05:31:03 AM
Ok, here are another 3 demos I am testing on the latest v2.4 with sup/rest. built in.  Looks like it's even more aggressively in opening trades so I expect even more dd.  Let see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
http://www.myfxbook.com/members/fxbabe/hta24-h1mo1r12/471626
http://www.myfxbook.com/members/fxbabe/hta24-h4mo1r12/471628
Title: Re: Harmonics Trader EA
Post by: geektrader on January 25, 2013, 05:43:01 AM
Ok, here are another 3 demos I am testing on the latest v2.4 with sup/rest. built in.  Looks like it's even more aggressively in opening trades so I expect even more dd.  Let see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
http://www.myfxbook.com/members/fxbabe/hta24-h1mo1r12/471626
http://www.myfxbook.com/members/fxbabe/hta24-h4mo1r12/471628

First demo account looks impressive so far, especially the high winning rate! Thought just a few days old, see if a crash comes or not.... but nice so far, also the extremely low drawdown. Seems the S/R filter is doing it´s thing. What does "r12" mean for the other demo accounts?
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 05:58:37 AM
Ok, here are another 3 demos I am testing on the latest v2.4 with sup/rest. built in.  Looks like it's even more aggressively in opening trades so I expect even more dd.  Let see how it goes. 

http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
http://www.myfxbook.com/members/fxbabe/hta24-h1mo1r12/471626
http://www.myfxbook.com/members/fxbabe/hta24-h4mo1r12/471628

First demo account looks impressive so far, especially the high winning rate! Thought just a few days old, see if a crash comes or not.... but nice so far, also the extremely low drawdown. Seems the S/R filter is doing it´s thing. What does "r12" mean for the other demo accounts?

r12 meant Reward = 2. 

I too hope the crash will come soon so I can free up my computer to test some other things.  If it does, then I will throw in my towel and said goodbye for good. 
Title: Re: Harmonics Trader EA
Post by: geektrader on January 25, 2013, 06:16:48 AM
Well I don´t hope it will crash but continue at that rate;) That would be better since you then can buy enough computers for more resources:)

So http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620 is running the absolute default settings?
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 06:39:45 AM
Well I don´t hope it will crash but continue at that rate;) That would be better since you then can buy enough computers for more resources:)

So http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620 is running the absolute default settings?

Not default.  I changed UseLimitOrders = false and lotsize = 0.1.

I don't know why I kept being drawn to testing this EA even though in the back of my mind it has about 99% that it will crash.  Right now it may be v2.4 sup/rest. probably and hopefully using MaxOrder =1 do the trick.  If it catches the right timing, it can make a killing and all we need is finding the best timing to launch this EA probably and even if it is off a little bit, we are still ok since the risk reward is very good.  Hope this journey pays off. 
Title: Re: Harmonics Trader EA
Post by: geektrader on January 25, 2013, 04:19:32 PM
OK thanks. Yes, it can be extremely profitable, just needs to do that without crashing:) In your first demo account, did you keep the the Risk/Reward ratio of 1:1 so that it skips trades with a bigger risk/reward (as per new default settings)?
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 05:37:12 PM
OK thanks. Yes, it can be extremely profitable, just needs to do that without crashing:) In your first demo account, did you keep the the Risk/Reward ratio of 1:1 so that it skips trades with a bigger risk/reward (as per new default settings)?

Yes, the first demo risk/reward ratio is 1:1.  I kept the skip criteria as default which is skip = false.  Attached is my set files. 

Title: Re: Harmonics Trader EA
Post by: geektrader on January 25, 2013, 09:21:46 PM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.

The only things I would turn off is the Risk/Reward-filter (in backtesting it only decreases Net Profit but doesn´t improve drawdown) and  "UseLimitOrders", I´ve done some backtests and each backtest using Limit Orders looks very bad compared to when using Stop Orders. I already asked the author why the limit-orders option was implemented and he told me it was a user-request, but I never understood why this would make any sense since Limit Orders work very different compared to Stop Orders. E.g. Limit Orders can only be placed above the current price for Sell and below the current price for Buy, while Stop Orders can be placed below current price for Sell and above current price for Buy, which makes the most sense for this type of EA with the usage of PRZ etc. So anyhow, any backtest I´ve done show an ugly equity curve with Limit Orders instead of Stop Orders, so take care about that as well when testing the EA as Limit Orders are turned ON by default.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 25, 2013, 10:25:15 PM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.

The only things I would turn off is the Risk/Reward-filter (in backtesting it only decreases Net Profit but doesn´t improve drawdown) and  "UseLimitOrders", I´ve done some backtests and each backtest using Limit Orders looks very bad compared to when using Stop Orders. I already asked the author why the limit-orders option was implemented and he told me it was a user-request, but I never understood why this would make any sense since Limit Orders work very different compared to Stop Orders. E.g. Limit Orders can only be placed above the current price for Sell and below the current price for Buy, while Stop Orders can be placed below current price for Sell and above current price for Buy, which makes the most sense for this type of EA with the usage of PRZ etc. So anyhow, any backtest I´ve done show an ugly equity curve with Limit Orders instead of Stop Orders, so take care about that as well when testing the EA as Limit Orders are turned ON by default.

Thanks for this info.  Luckily I did use the template to load v2.4.  As for the risk/reward do you mean to set the function Use_RiskReward = false? 
Title: Re: Harmonics Trader EA
Post by: felipebr on January 25, 2013, 10:27:15 PM
Hi, the explanation for Limit orders use is here http://www.donnaforex.com/forum/index.php?topic=9086.msg232596#msg232596
I'ts in page 4 of this thread.
Hope it helps.

Regards


OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.

The only things I would turn off is the Risk/Reward-filter (in backtesting it only decreases Net Profit but doesn´t improve drawdown) and  "UseLimitOrders", I´ve done some backtests and each backtest using Limit Orders looks very bad compared to when using Stop Orders. I already asked the author why the limit-orders option was implemented and he told me it was a user-request, but I never understood why this would make any sense since Limit Orders work very different compared to Stop Orders. E.g. Limit Orders can only be placed above the current price for Sell and below the current price for Buy, while Stop Orders can be placed below current price for Sell and above current price for Buy, which makes the most sense for this type of EA with the usage of PRZ etc. So anyhow, any backtest I´ve done show an ugly equity curve with Limit Orders instead of Stop Orders, so take care about that as well when testing the EA as Limit Orders are turned ON by default.
Title: Re: Harmonics Trader EA
Post by: geektrader on January 26, 2013, 01:10:23 AM
OK sure, but the EA doesn´t do any meaningful profit with limit orders:) Just run a backtest and compare what happens when you use STOP / LIMIT orders. I´ve explained the author my concerns about it and why this won´t work (or with very bad results only), but well.... ;) Backtest confirms my thinking assumption.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 26, 2013, 03:35:14 AM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.

The only things I would turn off is the Risk/Reward-filter (in backtesting it only decreases Net Profit but doesn´t improve drawdown) and  "UseLimitOrders", I´ve done some backtests and each backtest using Limit Orders looks very bad compared to when using Stop Orders. I already asked the author why the limit-orders option was implemented and he told me it was a user-request, but I never understood why this would make any sense since Limit Orders work very different compared to Stop Orders. E.g. Limit Orders can only be placed above the current price for Sell and below the current price for Buy, while Stop Orders can be placed below current price for Sell and above current price for Buy, which makes the most sense for this type of EA with the usage of PRZ etc. So anyhow, any backtest I´ve done show an ugly equity curve with Limit Orders instead of Stop Orders, so take care about that as well when testing the EA as Limit Orders are turned ON by default.

Hi everyone, I'm Walter, the 'author' of this EA like geektrader so nicely says.
Thanks geektrader for starting this topic here and everybody else for testing my EA.

I would like to correct geektrader's comment about using the template.
This is not really necessary. If you open an empty chart and put the zup 120 which I included in the installation package one the chart, you will have the zup's settings I intended. They are different from the default settings if you downloaded it from some other location. If this is what you meant geektrader just ignore my remark.

Further you are absolutely right about the use of STOP vs. LIMIT orders.
That's why I started out with only STOP orders in version 2.1.
Some people however trade harmonic patterns with only LIMIT orders!
So a bit against my convictions I implemented that in the next versions because some people requested it, and I wanted it to suit everyone's trading style.
LIMIT orders are better if the pattern works out of course, but in the long run I think STOP orders are safer.
The support resistance filter was an improvement but like geektrader said (and I also noticed) is that it also filters out some good trades.
So now I'm currently working on and testing with using both LIMIT and STOP orders, alternating according to conditions.
So yes some more filters and entry rules.

Also on my web site I state that the EA can be used on all instruments simultaneously.
This does not mean however that you should!
I understand that geektrader, when started this tread, did put in on every available pair, but this was just to see which pairs were doing better or worst than others.
It doesn't perform good on strongly trending pairs, so you should keep an eye on that. Pick the instruments you want to use the EA on with care.
There's also no point in attaching it to let's say all JPY pairs on every TF. If JPY starts trending in one direction like it actually did for the last several months, you will be multiplying your losses.
Diversification is the key word here.

Back to coding now.
Title: Re: Harmonics Trader EA
Post by: felipebr on January 28, 2013, 03:06:11 PM
Hi fxbabe.. did you stop the tests ? I was very interesting but your myfxbook is not updating the trades.


Regards
Title: Re: Harmonics Trader EA
Post by: tankbeta on January 28, 2013, 03:47:55 PM
So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 28, 2013, 03:48:38 PM
Hi fxbabe.. did you stop the tests ? I was very interesting but your myfxbook is not updating the trades.


Regards

Hum... I am still running my test as usual.  I do noticed also all my TW demo are not updatiing for about 21 hours but other brokers are updating.  May be something wrong with myfxbook link to TW.  I will email them to fix the problem.
Title: Re: Harmonics Trader EA
Post by: felipebr on January 28, 2013, 04:36:31 PM
Hi fxbabe.. did you stop the tests ? I was very interesting but your myfxbook is not updating the trades.


Regards

Hum... I am still running my test as usual.  I do noticed also all my TW demo are not updatiing for about 21 hours but other brokers are updating.  May be something wrong with myfxbook link to TW.  I will email them to fix the problem.


You can try edit it and save the link again.. sometimes it's happen in myfxbook also.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 28, 2013, 07:01:23 PM
Hi fxbabe.. did you stop the tests ? I was very interesting but your myfxbook is not updating the trades.


Regards

Hum... I am still running my test as usual.  I do noticed also all my TW demo are not updatiing for about 21 hours but other brokers are updating.  May be something wrong with myfxbook link to TW.  I will email them to fix the problem.


You can try edit it and save the link again.. sometimes it's happen in myfxbook also.

I think myfxbook had fixed the problem. 
Title: Re: Harmonics Trader EA
Post by: felipebr on January 29, 2013, 07:17:40 PM
It's going amazing until now.. http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
It kept the drawndown on 2.45%.
Anyone know if it's because of the new S/R filter ?
It looks very agressively but accurate... trading a lot.
Opinions  ?  ???
Title: Re: Harmonics Trader EA
Post by: recint on January 29, 2013, 07:47:26 PM
It's going amazing until now.. http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
It kept the drawndown on 2.45%.
Anyone know if it's because of the new S/R filter ?
It looks very agressively but accurate... trading a lot.
Opnions  ?  ???


FXbabe...are your using default settings ?

Thanks
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 29, 2013, 10:51:42 PM
It's going amazing until now.. http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
It kept the drawndown on 2.45%.
Anyone know if it's because of the new S/R filter ?
It looks very agressively but accurate... trading a lot.
Opnions  ?  ???


FXbabe...are your using default settings ?

Thanks

Not default setting.  You can find it here http://www.donnaforex.com/forum/index.php?topic=9086.msg236957#msg236957
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 29, 2013, 11:11:58 PM
It's going amazing until now.. http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620
It kept the drawndown on 2.45%.
Anyone know if it's because of the new S/R filter ?
It looks very agressively but accurate... trading a lot.
Opinions  ?  ???

It is stuck right now so waiting waiting to see if the crash is coming.  Look like v2.4 S/R generates even more trades than previous versions so it can get more profit but also can crash even more worst.  I may be wrong so waiting now.  Also, if it crashes then may be is time to go live because market goes through cycle.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 29, 2013, 11:31:50 PM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 30, 2013, 12:53:18 AM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 30, 2013, 12:57:56 AM
So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2

Can you share your setting.  I like to compare because it seemed your entry is diff. from mine.  Are you using limit order or stop order?
Title: Re: Harmonics Trader EA
Post by: Pipstar on January 30, 2013, 01:30:14 AM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.


Is the template file created when using the download application file or is it that download file provided by ForexVerified? If not either then from where can I download the template file?
Title: Re: Harmonics Trader EA
Post by: felipebr on January 30, 2013, 01:38:43 AM
Hi people.. just started my tests on IC Markets demo account, almost same sets of fxbabe.
http://www.myfxbook.com/members/felipexz/hta-24/475325
All pairs in H1.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 30, 2013, 01:55:39 AM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.


Is the template file created when using the download application file or is it that download file provided by ForexVerified? If not either then from where can I download the template file?

The template included in the application settup file. See attachments.
Title: Re: Harmonics Trader EA
Post by: tankbeta on January 30, 2013, 03:20:51 AM
So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2

Can you share your setting.  I like to compare because it seemed your entry is diff. from mine.  Are you using limit order or stop order?

just Default Settings.

Title: Re: Harmonics Trader EA
Post by: fxbabe on January 30, 2013, 03:43:21 AM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.


Is the template file created when using the download application file or is it that download file provided by ForexVerified? If not either then from where can I download the template file?

The template files comes with the download.
Title: Re: Harmonics Trader EA
Post by: Pipstar on January 30, 2013, 03:53:57 AM
OK, thanks for the informations.

Anyone who tries this: make sure to use the template-file provided with version 2.4 for loading the EA + ZUP since the author has fined-tuned the ZUP settings as well which you will only get when loading ZUP via the template - otherwise ZUP will use different default settings and hence the EA will trade differently.


Is the template file created when using the download application file or is it that download file provided by ForexVerified? If not either then from where can I download the template file?

The template files comes with the download.

Thanx
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 30, 2013, 08:15:19 AM
Thats right Tankbeta, this is where i found out about it as Geektrader started the thread and now Walter has joined in.
I am a bit busy with other things right now, hope to join back by end of march.
good luck

So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2
Title: Re: Harmonics Trader EA
Post by: lotusbuddha on January 30, 2013, 08:21:13 AM
Do look into Supply and Demand zones as confirmation, the resources are available at the forum you mentioned, i had put it at the bottom of my list when i started out. Now it is my no1 confirmation tool apart from validating the pattern themselves. There is also a indicator to make you life a bit easier when u start out.
cheers
This EA as it stands now may be useful as an alert and trade manager. The ZUP patterns need confirmations. I have only used ZUP and KorHarmonics a little so I don't know how useful they are. Most Harmonics users say you should draw the patterns yourself since the ZigZag indy used in ZUP and others repaints continuously.

According to this site ( _http://www.trade-forex-harmonic-patterns.com/ ), which the EA author links to, Gartley patterns should only be traded in a channel, in the direction of the trend. Bat and crab patterns where strong H1 or higher S/R is present. Butterfly patterns when only the best pattern setup is present with tight SL. Check the "cheat sheet" for more information.

According to one thread over at Trading Arsenal, approximately 70% of patterns are invalidated. So bringing those 30% winners to over 50% with confirmations and with the usual elusive good MM and trade management thrown in you have an edge. This the trader must learn by doing the hard yards.

I'm starting to play around with Harmonics and will be using the SHI channel indy, AutoChartist emerging chart patterns and this S/R indy at ( _http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514&start=30 )
Title: Re: Harmonics Trader EA
Post by: thekillerpt on January 30, 2013, 11:09:55 AM
trying v2.4 which is free but with no trades
what time frames and pairs are u guys using ?
Title: Re: Harmonics Trader EA
Post by: felipebr on January 30, 2013, 11:34:21 AM
We are using H1 and H4.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 31, 2013, 01:53:45 AM
So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2

tankbeta,

On your Myfxbook it says "harmonic-ea"!?
Is this HarmonicsTrader EA?
I'm asking because I believe that there is also a "harmonic-ea" out there somewhere.
So two totally different EA's
Title: Re: Harmonics Trader EA
Post by: tankbeta on January 31, 2013, 05:54:57 AM
So is this the original thread of the harmonic traders EA? we've been discussing this too in trading arsenal forum.
@felipe here you check my Harmonic Ea portfolio https://www.myfxbook.com/portfolio/harmonic-ea/464381
running in 23 charts in h1 been testing this EA since v2.2

tankbeta,

On your Myfxbook it says "harmonic-ea"!?
Is this HarmonicsTrader EA?
I'm asking because I believe that there is also a "harmonic-ea" out there somewhere.
So two totally different EA's

yes this is the harmonic Trader EA
Title: Re: Harmonics Trader EA
Post by: felipebr on January 31, 2013, 08:06:56 PM
fxbabe you have almost 300 pips locked.. I think you would wish it be a live account.
Hope it keep eating pips.. let's see next week.
Title: Re: Harmonics Trader EA
Post by: fxbabe on January 31, 2013, 09:19:24 PM
fxbabe you have almost 300 pips locked.. I think you would wish it be a live account.
Hope it keep eating pips.. let's see next week.

Looks like v2.4 is more superior than v2.2 where v2.4 is holding while v2.2 is slipping away.  Also, looks like H4 is more stable than H1.  Looking forward to v2.5.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 31, 2013, 11:13:21 PM
fxbabe you have almost 300 pips locked.. I think you would wish it be a live account.
Hope it keep eating pips.. let's see next week.

Looks like v2.4 is more superior than v2.2 where v2.4 is holding while v2.2 is slipping away.  Also, looks like H4 is more stable than H1.  Looking forward to v2.5.

Hi, for those that missed my news letter:

I just released HarmonicsTrader_v2.5!

Again some new features and improved performance.

Here's what's new in version 2.5:
• Choose entry levels with Pending Stop Orders.
• Complex Average True Range Filter.
• Draw Ghost patterns, great for analysing past patterns.
• PivSuppRes indicator must no longer be put on chart. (still needed in folder)
• Hurst exponent (iVAR indicator) will cut lot size in half instead of limiting number of orders.

Fixed issues:
• Error trap for wrong lot size. (very large log files)

The new feature "Draw Ghost patterns" draws past tradable patterns.
Now you can scroll back the chart and examine those patterns.
This new feature will greatly assist you in tweaking the EA's settings.

I would also like to emphasize that the default settings are by no means the best settings.
You will have to test what works best on each different instrument and time frame.
There is no longer a template included in the installation package of v2.5.
Title: Re: Harmonics Trader EA
Post by: atomico on January 31, 2013, 11:24:57 PM
fxbabe you have almost 300 pips locked.. I think you would wish it be a live account.
Hope it keep eating pips.. let's see next week.

Looks like v2.4 is more superior than v2.2 where v2.4 is holding while v2.2 is slipping away.  Also, looks like H4 is more stable than H1.  Looking forward to v2.5.

Hi, for those that missed my news letter:

I just released HarmonicsTrader_v2.5!

Again some new features and improved performance.

Here's what's new in version 2.5:
• Choose entry levels with Pending Stop Orders.
• Complex Average True Range Filter.
• Draw Ghost patterns, great for analysing past patterns.
• PivSuppRes indicator must no longer be put on chart. (still needed in folder)
• Hurst exponent (iVAR indicator) will cut lot size in half instead of limiting number of orders.

Fixed issues:
• Error trap for wrong lot size. (very large log files)

The new feature "Draw Ghost patterns" draws past tradable patterns.
Now you can scroll back the chart and examine those patterns.
This new feature will greatly assist you in tweaking the EA's settings.

I would also like to emphasize that the default settings are by no means the best settings.
You will have to test what works best on each different instrument and time frame.
There is no longer a template included in the installation package of v2.5.

thanks for the info Walter,

for the setting, can you consider to create a "ready-to-go" setting?

each new release it seems more complex for beginners...

also, you think that is a good idea to use this bot on all pair with high time frame? theoretically high timeframe are better and more accurate for signal...

best regard and thanks for your work.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 31, 2013, 11:50:03 PM
The settings in the v2.5 installation package are kind of "ready-to-go" for both the EA and the again included ZUP_v120 NEN STAR indicator.
The zup is set to only find
-- > 1-Gartley
-- > 2-Bat
-- > 3-Shark 2
-- > 6-Butterfly
-- > 7-Crab
-- > 8-Shark 1
See the user guide for more info.

Well, it maybe looks more complicated than it is.
Just play around with it a little in the Strategy Tester and you will soon get comfortable with it.

Like I said before, watch out for strong trending pairs, and yes, looks like higher TFs are doing better.
Although one user is testing it on the M1 TF !!
You can really tweak it any way you want. (also the zup)
Title: Re: Harmonics Trader EA
Post by: supern0va3000 on February 01, 2013, 12:34:15 AM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 01, 2013, 12:41:37 AM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes of course it can be back-tested.
Load it in the strategy tester, check VISUAL MODE, hit start, pause, drag the ZUP_v120 NEN STAR to the chart, unpause.
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 01, 2013, 05:25:36 AM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes, I will be starting v2.5 soon but will continue running v2.4 for comparison.  As for v2.2, I think I will stop it. 

My first set file v2.4 was pretty much the default except I changed to stop order because both vendor & geektrader says it's more profitable.  As for my second set file v2.4, I changed MaxOrder = 1 and Reward = 2 with the idea of limiting my risk with just one order at a time but make it at least 1:2 risk reward ratio.  So far it is behaving as I thought it should be but whether it makes money long term I really don't know because BT is tedious and very short forward test so far.  However, it is making a killing with very low dd on some 20+ pairs is quite something but probably just luck.  Time will tell. 

Ok, whether each new version better than previous?  I wish I can tell you with definite but I sure don't.  All I know is v2.1 often makes many small losses which add up and it doesn't have maxorder field so you pretty much stuck with 5 order.  I didn't bother with v2.3beta.  However, I find v2.4 is more profitable than v2.2 currently running simultaneousness myfxbook.  Now v2.5 is more complex with more filter so it would definitely takes longer time to figure what work best. 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 01, 2013, 08:01:05 PM
Just in case some of you don't receive any emails from me, here is what I sent earlier to my subscribers:
------------------------------
Some users of HarmonicsTrader are a little confused with the use of the several filters so here is a brief explanation.

In general, if you turn a filter off it will display in silver colour, or whatever colour you chose for the TextColor.
Red means it is blocking trades and green means it is ok to trade.

SupportResistanceFilter:
If the SuppResFilter is red it means that it is blocking trades because the SL cannot be placed above/below SR.
It is only relevant if PA is in the PRZ because it is there that the trades can actually be triggered.
Green means the opposite, it is not blocking trades.
When on, and silver than there is no pattern.
Remark: the PivSuppRes indicator does no longer have to be put on the chart. (but you may) Daily pivot support and resistance dotted lines are only displayed on M1 and M5 time frames.

HighSpreadFilter:
This is a filter meant to kick in on big news releases.
The average spread of a short period of default 60 ticks (about 3 to 6 minutes), is compared with the average spread of a long period of default 10,000 ticks (about 5 to 6 hours).
If the short period’s spread is a certain percentage higher than the long period’s spread, opening new orders will temporarily be disabled.  You can set the percentage in the HighSpreadFilterPercSpreadHigherThanAverage setting.
I raised this value to 90 % because 30% in version 2.4 was a little too trigger happy.

New ATRFilter:
The ATR filter acts like PA reaches a supply/demand zone.
PA needs to slow down for a few bars before the ATR filter gives a green light again.
Orange colour means that the condition is not entirely  good or entirely  bad, but will also block trades.
During testing it appeared to be doing it's job.

Further I have set the ZUP_v120 NEN STAR included in the v2.5 installation package to only look for Gartley, Bat, Shark 2, Butterfly, Crab, Shark 1 and the 5-0 patterns.
See the user guide for more info.
---------------------------------------

I want to add that one more change in v2.5 is that the expiration time of the pending orders now is twice the width of the PRZ where it was only 1 time the width of the PRZ in earlier versions.
Also, if you still are running an earlier version and it has open orders or positions you can safely remove the EA from the chart and put version 2.5 on it if you like. The new version will simply take over those open trades and manage them.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 01, 2013, 08:26:24 PM
Hello to all i am a harmonic ea french tester i was the "m1" tester. I want to know if the tester could send the .set setup files he is using on his demo account in h1 and h4 and what devises he is using? Finally i want to know what is the beter stop or limit orders? Because limit orders have no spreads and stop orders many times cant be opened because prices have already gone the other way...
Title: Re: Harmonics Trader EA
Post by: LFN on February 01, 2013, 10:18:09 PM
Like I said before, watch out for strong trending pairs, and yes, looks like higher TFs are doing better.

Any chance implementing some function to the EA so it filters out strong trending pairs?
Title: Re: Harmonics Trader EA
Post by: NedimHad on February 01, 2013, 10:24:39 PM
I get authorization error? Is there a special link to authorize V2.5?
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 01, 2013, 10:51:33 PM
And to use zup 123 with strong pattern option to 1 ;)
Title: Re: Harmonics Trader EA
Post by: supern0va3000 on February 01, 2013, 10:57:18 PM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes of course it can be back-tested.
Load it in the strategy tester, check VISUAL MODE, hit start, pause, drag the ZUP_v120 NEN STAR to the chart, unpause.

Can you post backtests for different settings, different pairs , different timeframes to help us make a decision on buying this EA , and to help us choose which pairs to run after we buy ?
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 02, 2013, 02:30:06 AM
Hello to all i am a harmonic ea french tester i was the "m1" tester. I want to know if the tester could send the .set setup files he is using on his demo account in h1 and h4 and what devises he is using? Finally i want to know what is the beter stop or limit orders? Because limit orders have no spreads and stop orders many times cant be opened because prices have already gone the other way...

Are you asking for my h1 and h4 demo v2.4?  You can find my setting on v2.4 here http://www.donnaforex.com/forum/index.php?topic=9086.msg236957#msg236957. 

btw, I am very interested in you M1 testing.  Have you got any success and can you publish on myfxbook?  What setting do you use?
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 02, 2013, 02:39:46 AM
its been losing week for me -40.05% with v2.4

Looks like the newer version is much more filtered. i will start testing this new version next week. as for now backtest it is :)
Title: Re: Harmonics Trader EA
Post by: W2 Cloud - Steve on February 02, 2013, 03:54:08 AM
If anyone wants to work together on this privately, please PM me.     It takes a long time to backtest as it is visual and there are many settings in both the EA and the indicator to work on, on all different instruments and different time frames.      If we had a few people doing it, we could find the optimal results and share, then maybe try to trade it.    So far I havn't seen great results from back tests.

The problem with harmonic patterns is that they look great in retrospect on charts, but that dosn't show how many time the pattern redraws as it grows.

Title: Re: Harmonics Trader EA
Post by: tankbeta on February 02, 2013, 08:23:56 AM
Back test Harmonicstrader EA 2.5 january 1 to january 17
TF: M1
currency: EU
Settings: default except ATR FILTER is OFF
duration of backtest: 3 hours
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimage.org%2Fl1s1giy2p%2FTester_Graph21.jpg&hash=2c9bca7acf6a36ba4bb5c0932e665ccb) (http://postimage.org/image/l1s1giy2p/)

i notice with the new filters added the EA doesnt trade anymore? i think the new filter is too sensitive.

will continue testing with higher TF
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 01:46:04 PM
Like I said before, watch out for strong trending pairs, and yes, looks like higher TFs are doing better.

Any chance implementing some function to the EA so it filters out strong trending pairs?

Working on that
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 01:48:48 PM
I get authorization error? Is there a special link to authorize V2.5?

???

It only needs an internet connection to check the license.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 02:13:31 PM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes of course it can be back-tested.
Load it in the strategy tester, check VISUAL MODE, hit start, pause, drag the ZUP_v120 NEN STAR to the chart, unpause.

Can you post backtests for different settings, different pairs , different timeframes to help us make a decision on buying this EA , and to help us choose which pairs to run after we buy ?
We're all here to help each other on that.
What's better than forward tests.
Look at those results to make your decisions.
I most of the time run short periods on EURUSD when developing because that's the toughest pair to tame.
The default settings are kind of universal settings, they don't make you a lot of money but they don't loose money either.
If you want me to give you the best setting for each different instrument and TF then there's no time left for me to develop. So I'd rather focus on that while you guys focus on finding the very best settings.

I may want to add that H1, H4 and daily TF's are always giving best results whith these "universal" settings. Lower TF's require different settings.

And like I said many times before, I enabled a lot of possible parameters in the EA so that everybody can set it to meet his/her prefered trading style.
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 02, 2013, 02:34:55 PM
Back test: Harmonicstrader EA v2.5
date: january 1 to january 25
TF: H1
currency: EU
Settings: default except ATR FILTER is OFF
duration of backtest: 6 hours  :(

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimage.org%2F6zdu1qxor%2FTester_Graphh1.gif&hash=71f64be800bf666837f15e9e74f9b955)

i also encouraged everyone to test it on different months of 2012 or year so we can have data of the performance of this EA. thanks

will continue BT on H4 TF
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 02:41:52 PM
Back test: Harmonicstrader EA v2.5
date: january 1 to january 25
TF: H1
currency: EU
Settings: default except ATR FILTER is OFF
duration of backtest: 6 hours  :(

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimage.org%2F6zdu1qxor%2FTester_Graphh1.gif&hash=71f64be800bf666837f15e9e74f9b955)

i also encouraged everyone to test it on different months of 2012 or year so we can have data of the performance of this EA. thanks

will continue BT on H4 TF
Is this with the zup120 set to only find
-- > 1-Gartley
-- > 2-Bat
-- > 3-Shark 2
-- > 6-Butterfly
-- > 7-Crab
-- > 8-Shark 1
?
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 02, 2013, 03:07:30 PM
Back test: Harmonicstrader EA v2.5
date: january 1 to january 25
TF: H1
currency: EU
Settings: default except ATR FILTER is OFF
duration of backtest: 6 hours  :(

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs7.postimage.org%2F6zdu1qxor%2FTester_Graphh1.gif&hash=71f64be800bf666837f15e9e74f9b955)

i also encouraged everyone to test it on different months of 2012 or year so we can have data of the performance of this EA. thanks

will continue BT on H4 TF
Is this with the zup120 set to only find
-- > 1-Gartley
-- > 2-Bat
-- > 3-Shark 2
-- > 6-Butterfly
-- > 7-Crab
-- > 8-Shark 1
?

isn't it already in the settings? i just run the EA (deafult sett), Attached the ZUP and test. no tweaking in ZUP indi
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 03:36:22 PM
Ah, ok then. Should be the zup's default settings mentioned above.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 03:40:53 PM
The ATR filter is of less importance when trading STOP orders.
So is the S/R filter, but it is always better if the SL can be placed past a S/R level.
Title: Re: Harmonics Trader EA
Post by: supern0va3000 on February 02, 2013, 04:00:59 PM
It seems to me that Harmonics are less accurate on H1 , and much better on H4 and D1 timeframes.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 02, 2013, 04:04:40 PM
It seems to me that Harmonics are less accurate on H1 , and much better on H4 and D1 timeframes.

I agree
Title: Re: Harmonics Trader EA
Post by: W2 Cloud - Steve on February 03, 2013, 12:07:18 AM
This is just a crude start in notepad, be better to get some kind of online spreadsheet happening where we can all add to it.

I picked AUDNZD to start off as I thought the ranging nature of the pair might help.

Pattern No 1    AUDNZD 1H  Full Lot  Filters Off. - 66 Trades -$765   .16 Profit Factor  Oct -Feb
Pattern No 01   AUDNZD 1H  Full Lot  Filters Off    70 Trades -$724   .23 Profit Factor  Oc - Feb
      001

I might switch to 4 Hour as I would get more history that way and Walter beleives it works better.     Also I prefer to trade a full lot not money management in back tests as it skews the results.

So what I am doing first up is going through and testing each pattern one by one to find out which ones work and which ones don't.   Zup 120 has some very new and exotic patterns and I am not so sure the market is ready for them.    The Gartley purist would only ever trader the clasic Gartley, although it may well have been arbed out of the market by now being so public.

Be good to be able to backtest other patterns, like head and shoulders too.  According to auto chartist head and shoulders is the most profitable pattern out there.
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 03, 2013, 10:15:57 AM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes of course it can be back-tested.
Load it in the strategy tester, check VISUAL MODE, hit start, pause, drag the ZUP_v120 NEN STAR to the chart, unpause.

Can you post backtests for different settings, different pairs , different timeframes to help us make a decision on buying this EA , and to help us choose which pairs to run after we buy ?
We're all here to help each other on that.
What's better than forward tests.
Look at those results to make your decisions.
I most of the time run short periods on EURUSD when developing because that's the toughest pair to tame.
The default settings are kind of universal settings, they don't make you a lot of money but they don't loose money either.
If you want me to give you the best setting for each different instrument and TF then there's no time left for me to develop. So I'd rather focus on that while you guys focus on finding the very best settings.

I may want to add that H1, H4 and daily TF's are always giving best results whith these "universal" settings. Lower TF's require different settings.

And like I said many times before, I enabled a lot of possible parameters in the EA so that everybody can set it to meet his/her prefered trading style.

Hi Walter and everyone,

Probably it will takes us months and years to fully do a 10 yrs BT on MT4.  I would recommend that everyone take a look at this new, fast and free trading platform http://zorro-trader.com/features.php.  I also just found out of this a few days ago but didn't have time to very closely until today.  I believe by next month, they will be able to interface with MT4 and thereby we can take this to trade on any broker that provide MT4.  If this is true, I consider this would revolutionize our trading experience with 100x faster in BT with walk forward capabilities and so much more thing you won't have think of is there.  May be the answer is around the corner. 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 03, 2013, 01:48:44 PM
Aaaah, had a 3 year backtest running on my VPS and it would have finished by now but when I checked they rebooted the servers. Everyting for nothing  :-X

Will start over.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 03, 2013, 01:50:56 PM
Nice results so far fxbabe  :)
Version 2.5 will be released any day now.
Added an extra filter, fixed some minor bugs, inputs for STOP orders (entry levels in PRZ) and a real cool gadget for analysing results...

Glad that result so far is great but not sure if it can continue though.  Looking forward to v2.5.  Thanks for coming by to participate in this forum.  I believe you must have done some extensive test/backtest and do you think you can publish them?

Can this EA be backtested ? I will be very interested to know.

Fxbabe you are doing several tests of different versions , is every new version better than previous ? Will you start 2.5 test soon ? and on what basis are you making your set files ?

Thanks a lot.

Yes of course it can be back-tested.
Load it in the strategy tester, check VISUAL MODE, hit start, pause, drag the ZUP_v120 NEN STAR to the chart, unpause.

Can you post backtests for different settings, different pairs , different timeframes to help us make a decision on buying this EA , and to help us choose which pairs to run after we buy ?
We're all here to help each other on that.
What's better than forward tests.
Look at those results to make your decisions.
I most of the time run short periods on EURUSD when developing because that's the toughest pair to tame.
The default settings are kind of universal settings, they don't make you a lot of money but they don't loose money either.
If you want me to give you the best setting for each different instrument and TF then there's no time left for me to develop. So I'd rather focus on that while you guys focus on finding the very best settings.

I may want to add that H1, H4 and daily TF's are always giving best results whith these "universal" settings. Lower TF's require different settings.

And like I said many times before, I enabled a lot of possible parameters in the EA so that everybody can set it to meet his/her prefered trading style.

Hi Walter and everyone,

Probably it will takes us months and years to fully do a 10 yrs BT on MT4.  I would recommend that everyone take a look at this new, fast and free trading platform http://zorro-trader.com/features.php.  I also just found out of this a few days ago but didn't have time to very closely until today.  I believe by next month, they will be able to interface with MT4 and thereby we can take this to trade on any broker that provide MT4.  If this is true, I consider this would revolutionize our trading experience with 100x faster in BT with walk forward capabilities and so much more thing you won't have think of is there.  May be the answer is around the corner.
I'm very curious :P
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 03, 2013, 05:32:14 PM
To Walter :

Maybe you should add a "volume filter" when a tradable pattern is found.

Please visit here :

<< Link removed - please see forum rules for more info >>

 (you can choose English language or other)
I am waiting for strategy tester results for us to chose the best settings !


Thx a lot !

Marc
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 04, 2013, 02:45:53 AM
Back test: Harmonicstrader EA v2.5
date: january 1 to July 27 2012
TF: H4
currency: EU
Settings: default
duration of backtest: 3 hours


(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs11.postimage.org%2F56u2uil8z%2FTester_Graphh4.gif&hash=260344da098a01ed79b821e40a22291c)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 04, 2013, 05:18:34 PM
Backtest: HarmonicsTrader_v2.5
Period: 2012.01.02 00:00 - 2012.12.31
TF: H4
Currency: EURUSD
Settings: default
ZUP settings: ZUP_v120 NEN STAR to find Gartley, Bat, Shark 2, Butterfly, Crab, Shark 1 and 5-0 patterns
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 04, 2013, 05:46:16 PM
Filters doing their job.
Thanks to the new Ghost Patterns feature I was able to evaluate every pattern without having to stare at the sceen for hours.
These are the patterns from the test in previous post:
Pattern 1 and 2
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%25201-2.PNG&hash=eabdc9d4984a4ffcedad3a915fc603e3)

Patterns 3, 4 and 5 not triggered  ::)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%25203-4-5.PNG&hash=05691806deb2159ef4f0c8c33db98efe)

Patterns 6, 7, 8 and 9not triggered   :)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%25206-7.PNG&hash=dd4549cf026418355e38ae7848c800d7)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%25208.PNG&hash=9443c9071de5e33412942c6a3e606d9e)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%25209.PNG&hash=cdc805e5629fb1ce94824856be09bf1b)

Decent job on Patterns 10 and 11
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.harmonicstrader.com%2F%2Fbacktesting%2FHarmonicsTrader_v2.5%2FP%252010-11.PNG&hash=c1e28c286d288c73efca7ceea5d96762)





Title: Re: Harmonics Trader EA
Post by: supern0va3000 on February 04, 2013, 09:47:12 PM
Aaaah, had a 3 year backtest running on my VPS and it would have finished by now but when I checked they rebooted the servers. Everyting for nothing  :-X

Will start over.


Please do so.
I am interested in 4H and D1 timeframes only , for multiple pairs.
The more years you backtest the better.

This EA seems very exciting !
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 05, 2013, 01:55:04 AM
Back test: Harmonicstrader EA v2.5
model: Open price only
date: 2012-01-02 to 2012-03-30
TF: M1
currency: EU
Settings: default
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs9.postimage.org%2F7qborsw0f%2FTester_Graphm1.gif&hash=06e9aa44f1fb121cb2f26907617322d5)
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 06, 2013, 08:32:31 PM
Hi everyone,

Here are my v2.5 forward test link and set files.

http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbet/480689
http://www.myfxbook.com/members/fxbabe/hta25h4mo5urrtbet/480701
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrfbet/480704
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbetmm/480711

MO5  "NbrOfOrders= 5"
URRT  "Use_RiskReward = True"
URRF  "Use_RiskReward = False"
BET  "SetBreakEven = True"
BEF  "SetBreakEven = False"
Title: Re: Harmonics Trader EA
Post by: jonhcenaarm on February 07, 2013, 08:26:59 AM
 :othanks for your share
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 07, 2013, 01:18:03 PM
Hi everyone,

Here are my v2.5 forward test link and set files.

http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbet/480689
http://www.myfxbook.com/members/fxbabe/hta25h4mo5urrtbet/480701
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrfbet/480704
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbetmm/480711

MO5  "NbrOfOrders= 5"
URRT  "Use_RiskReward = True"
URRF  "Use_RiskReward = False"
BET  "SetBreakEven = True"
BEF  "SetBreakEven = False"

@Fxbabe.

I watched your myfxbook page will all of your forward tests. I saw that only one of the test seemed to be far better. The H1 test with 2.4 version of the EA, 0.1 lot, stop orders and max orders : 5.

Do you have an explanation?
All the other settings are default or did you changed some of them?

I saw that  this one seems to be good too but we will see in some weeks =...

<< Link removed - Please check our forum rules on links for more info >>

PS : I am doing tests since the beggining of this week on 15min timeframe with custom settings.
Will tell you... seems good...

Thanks a lot !
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 07, 2013, 03:16:49 PM
here is Succesful Pattern but the  EA didnt Trade it???

so i manually entered this patterns and set my TP and SL
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs12.postimage.org%2Fqj17k7xx9%2Fej_bearish.gif&hash=77cb2c94d01724d94e95c6e7257981c2)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs12.postimage.org%2F3vlye2id9%2Fchfjpy_bearish.gif&hash=450a5e6262058e55fc41d632526f20c9)

so far so good
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 07, 2013, 03:29:32 PM
Is that M15?

I see that the ATR filter prevented that trade. You could set the sensitivity to 3.
If you use STOP orders then the PivSuppRes and the ATR filters are of less importance.
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 07, 2013, 04:07:16 PM
Is that M15?

I see that the ATR filter prevented that trade. You could set the sensitivity to 3.
If you use STOP orders then the PivSuppRes and the ATR filters are of less importance.

TF : H1

walter is it possible to enable STOP orders and Limit orders at the same time?

will try the sensitivty to 3

thanks  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 07, 2013, 04:14:39 PM
Is that M15?

I see that the ATR filter prevented that trade. You could set the sensitivity to 3.
If you use STOP orders then the PivSuppRes and the ATR filters are of less importance.

TF : H1

walter is it possible to enable STOP orders and Limit orders at the same time?

will try the sensitivty to 3

thanks  :)
Ok, thanks.
I have been testing that. Limits if there was a supp or res and stops if not.
This didn't work out so well.
But if you want to use them at the same time, you will have to open an other instance of your mt4 and set one to stops and the other to limits.
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 07, 2013, 08:16:18 PM

@Fxbabe.

I watched your myfxbook page will all of your forward tests. I saw that only one of the test seemed to be far better. The H1 test with 2.4 version of the EA, 0.1 lot, stop orders and max orders : 5.

Do you have an explanation?
All the other settings are default or did you changed some of them?

I saw that  this one seems to be good too but we will see in some weeks =...

<< Link removed - Please check our forum rules on links for more info >>

PS : I am doing tests since the beggining of this week on 15min timeframe with custom settings.
Will tell you... seems good...

Thanks a lot !

v2.4H1MO5 is doing well because 3 weeks ago practically all xxxJpy pairs took of without hesitation and made a nice gain.  However since then, it is kind of stuck and not going anywhere.  I change v2.4 setting UseLimitOrders=false, Use_Risk=false, and Lots = 0.1.

On the other hand, v2.5H1MO5URRTBET seemed better because it is more discreet in its trade so equity seemed to be climbing whereas v2.4 is stuck. I change v2.5 setting Use_Risk=false, Lots=0.1, and SetBreakEven=true.

Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 09, 2013, 01:57:57 PM
Hi folkes,

I released version 2.6 yesterday.

I recommend installing this new version especially on a smaller live account because of the improved money management.

Version 2.6 will handle big PRZ better because of the better money management (MM).
Let's say you set risk to 5% and set 5 orders.
Let's say there is a big PRZ, so big SL.
In previous versions, if the calculated lot size (by MM of EA and your setting of 5%) for each of the 5 orders is below the minimum lot size of your broker the EA would still open 5 orders with that minimum lot size.
Resulting in MORE RISK than 5%!
In version 2.6 it will never risk more than your setting of 5% and will reduce the number of orders to stay under (or equal) 5%, it can even open no trades if only 1 order would go over 5%.
 
So this solves the problem with the big PRZ (= big SL)


New:
• More accurate and safer money management with messages on the screen.
   - The EA will reduce the number of orders if the minimum lot size is reached.
   - This will benefit the smaller accounts.
• MaxLotSize no longer there because of the above.
• When iVAR above 0.5 the EA will halve the Lot size or Risk %.
• In earlier versions: if Use_RiskReward was enabled and Skip set to false (so Adjust to meet RR criterion) then the EA would place no orders if the last order’s TP was beyond that RR level.
It now does.

Added features:
• Enable, disable Hurst exponent filter. (iVAR indicator) • ShowFilters setting in addition to ShowSettings setting.

Fixed issues:
• Placing the orders at too great a distance from PRZ with Indices.



I will calm down a bit now in releasing new versions unless there should be a bug or something.
I think with the current version we have enough material to play around with.
Title: Re: Harmonics Trader EA
Post by: Imperial on February 10, 2013, 02:26:40 PM
Hello,

which ZUP indicator are you using is the v120 NEN STAR or v123 or other?

Thanks
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 10, 2013, 03:13:06 PM
Hi folkes,

I released version 2.6 yesterday.

I recommend installing this new version especially on a smaller live account because of the improved money management.

Version 2.6 will handle big PRZ better because of the better money management (MM).
Let's say you set risk to 5% and set 5 orders.
Let's say there is a big PRZ, so big SL.
In previous versions, if the calculated lot size (by MM of EA and your setting of 5%) for each of the 5 orders is below the minimum lot size of your broker the EA would still open 5 orders with that minimum lot size.
Resulting in MORE RISK than 5%!
In version 2.6 it will never risk more than your setting of 5% and will reduce the number of orders to stay under (or equal) 5%, it can even open no trades if only 1 order would go over 5%.
 
So this solves the problem with the big PRZ (= big SL)


New:
• More accurate and safer money management with messages on the screen.
   - The EA will reduce the number of orders if the minimum lot size is reached.
   - This will benefit the smaller accounts.
• MaxLotSize no longer there because of the above.
• When iVAR above 0.5 the EA will halve the Lot size or Risk %.
• In earlier versions: if Use_RiskReward was enabled and Skip set to false (so Adjust to meet RR criterion) then the EA would place no orders if the last order’s TP was beyond that RR level.
It now does.

Added features:
• Enable, disable Hurst exponent filter. (iVAR indicator) • ShowFilters setting in addition to ShowSettings setting.

Fixed issues:
• Placing the orders at too great a distance from PRZ with Indices.



I will calm down a bit now in releasing new versions unless there should be a bug or something.
I think with the current version we have enough material to play around with.

wow another update..that was fast walter :)


 walter may i know how does the EA filter the Patterns before entering a trade?
is your ea use supply demand zones , trendlines, candlesticks , ma cross etc etc?? to filter the patterns?

and just a newbie question what does this new Hurst exponent filter do?


nice release btw! i like the new improvements . iwill start backtesting this new version later and will post it here soon.

thanks
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 11, 2013, 01:26:47 AM
Hi folkes,

I released version 2.6 yesterday.

I recommend installing this new version especially on a smaller live account because of the improved money management.

Version 2.6 will handle big PRZ better because of the better money management (MM).
Let's say you set risk to 5% and set 5 orders.
Let's say there is a big PRZ, so big SL.
In previous versions, if the calculated lot size (by MM of EA and your setting of 5%) for each of the 5 orders is below the minimum lot size of your broker the EA would still open 5 orders with that minimum lot size.
Resulting in MORE RISK than 5%!
In version 2.6 it will never risk more than your setting of 5% and will reduce the number of orders to stay under (or equal) 5%, it can even open no trades if only 1 order would go over 5%.
 
So this solves the problem with the big PRZ (= big SL)


New:
• More accurate and safer money management with messages on the screen.
   - The EA will reduce the number of orders if the minimum lot size is reached.
   - This will benefit the smaller accounts.
• MaxLotSize no longer there because of the above.
• When iVAR above 0.5 the EA will halve the Lot size or Risk %.
• In earlier versions: if Use_RiskReward was enabled and Skip set to false (so Adjust to meet RR criterion) then the EA would place no orders if the last order’s TP was beyond that RR level.
It now does.

Added features:
• Enable, disable Hurst exponent filter. (iVAR indicator) • ShowFilters setting in addition to ShowSettings setting.

Fixed issues:
• Placing the orders at too great a distance from PRZ with Indices.



I will calm down a bit now in releasing new versions unless there should be a bug or something.
I think with the current version we have enough material to play around with.

wow another update..that was fast walter :)


 walter may i know how does the EA filter the Patterns before entering a trade?
is your ea use supply demand zones , trendlines, candlesticks , ma cross etc etc?? to filter the patterns?

and just a newbie question what does this new Hurst exponent filter do?


nice release btw! i like the new improvements . iwill start backtesting this new version later and will post it here soon.

thanks
What you see is what you get  ;)
It is using the four filters. They have been explained before.
The Hurst exponent filter has been in it from the very start, only now I have it in the settings so one can switch it off.
Just google Hurst Exponent and you will find plenty of answers.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 11, 2013, 12:20:08 PM
Textbook example on EURJPY H4
First TP taken. Profit locked in.  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 11, 2013, 12:41:41 PM
Looks like NEN isn't sitting still either.
zup 128 and zup 129 found here:
http://www.forexfactory.com/showthread.php?p=6434334#post6434334
Will have to look into those.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 14, 2013, 04:03:32 PM

@Fxbabe.

I watched your myfxbook page will all of your forward tests. I saw that only one of the test seemed to be far better. The H1 test with 2.4 version of the EA, 0.1 lot, stop orders and max orders : 5.

Do you have an explanation?
All the other settings are default or did you changed some of them?

I saw that  this one seems to be good too but we will see in some weeks =...

<< Link removed - Please check our forum rules on links for more info >>

PS : I am doing tests since the beggining of this week on 15min timeframe with custom settings.
Will tell you... seems good...

Thanks a lot !

v2.4H1MO5 is doing well because 3 weeks ago practically all xxxJpy pairs took of without hesitation and made a nice gain.  However since then, it is kind of stuck and not going anywhere.  I change v2.4 setting UseLimitOrders=false, Use_Risk=false, and Lots = 0.1.

On the other hand, v2.5H1MO5URRTBET seemed better because it is more discreet in its trade so equity seemed to be climbing whereas v2.4 is stuck. I change v2.5 setting Use_Risk=false, Lots=0.1, and SetBreakEven=true.

Thanks for answer ! Hat 2.5 Seems to work well on H1 ! I chose the first one :)
Could you please tell us the exact list of the pairs you are using on this HAT 2.5 démo accounts exactly please?
Title: Re: Harmonics Trader EA
Post by: BBrewer on February 14, 2013, 08:28:40 PM
I've been running this for the past week on a live cent account.  I have been testing both 1HR and 4HR charts.  While both are profitable, 4HR shows an advantage.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 14, 2013, 08:42:21 PM
Hi BBrewer,
Nice.
I assume that v2.6 default settings?
Which pairs?
Title: Re: Harmonics Trader EA
Post by: BBrewer on February 14, 2013, 08:53:07 PM
Hi BBrewer,
Nice.
I assume that v2.6 default settings?
Which pairs?

It started as V2.5, then I changed to V2.6.  It's running most every pair with reasonable spread that my broker offers with modified settings.  I'll post later tonight with my settings.
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 14, 2013, 10:57:38 PM

@Fxbabe.

I watched your myfxbook page will all of your forward tests. I saw that only one of the test seemed to be far better. The H1 test with 2.4 version of the EA, 0.1 lot, stop orders and max orders : 5.

Do you have an explanation?
All the other settings are default or did you changed some of them?

I saw that  this one seems to be good too but we will see in some weeks =...

<< Link removed - Please check our forum rules on links for more info >>

PS : I am doing tests since the beggining of this week on 15min timeframe with custom settings.
Will tell you... seems good...

Thanks a lot !

v2.4H1MO5 is doing well because 3 weeks ago practically all xxxJpy pairs took of without hesitation and made a nice gain.  However since then, it is kind of stuck and not going anywhere.  I change v2.4 setting UseLimitOrders=false, Use_Risk=false, and Lots = 0.1.

On the other hand, v2.5H1MO5URRTBET seemed better because it is more discreet in its trade so equity seemed to be climbing whereas v2.4 is stuck. I change v2.5 setting Use_Risk=false, Lots=0.1, and SetBreakEven=true.

Thanks for answer ! Hat 2.5 Seems to work well on H1 ! I chose the first one :)
Could you please tell us the exact list of the pairs you are using on this HAT 2.5 démo accounts exactly please?


I will be switching to v2.6 and probably stop running v2.5 by the end of this week.  If I have a choice, I rather pick the mm because it automatically adjust the lotsize according to size of SL which is safer.  I just pick at random almost all the pairs available in TW broker about 25pairs.
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
Title: Re: Harmonics Trader EA
Post by: robbyg75 on February 15, 2013, 12:35:57 AM
Hi Walter,

is it possible to add news filter to your ea?
on wednesday & thursday was SL again (on NZDUSD H1), the NZD news made high volatility.
what do you think? this is a bad idea? :)

Thanks!
Title: Re: Harmonics Trader EA
Post by: viltsu on February 15, 2013, 07:30:28 AM
Hello,

I'm getting this error message:

2013.02.15 07:29:08   HarmonicsTrader_v2.6 EURUSDi,H1: cannot load library 'HarmonicsTrader_v2.6.dll' (error 126)

What should I do? I have IC Markets MT build 451

Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 15, 2013, 04:24:26 PM
Hello,

I'm getting this error message:

2013.02.15 07:29:08   HarmonicsTrader_v2.6 EURUSDi,H1: cannot load library 'HarmonicsTrader_v2.6.dll' (error 126)

What should I do? I have IC Markets MT build 451

Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)
The answer is in the User Guide page 15
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 17, 2013, 10:29:17 PM
Hi Walter,

is it possible to add news filter to your ea?
on wednesday & thursday was SL again (on NZDUSD H1), the NZD news made high volatility.
what do you think? this is a bad idea? :)

Thanks!

I've thought about that. I even coded a news indicator.
But where in this particular case would you have stopped the EA to trade?
How many hours in advance?
What if the news would have been in our favor?

The ATR filter normally takes care of spikes, but this was only a little one.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 17, 2013, 11:18:53 PM
The strength of the EA is that it can be attached to as many pairs as you want or can, simultaneously.
That means that you don't have to put all your eggs in one basket.
That's also why it is performing good on the forward tests mentioned earlier, and that's what I aimed for.
Back testing on a strongly trending pair always gives bad results.
That is why I also recommend to keep an eye on the EA and disable it temporarily on those pairs. I might implement a trend filter in the future.
Here's a nice one:
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 17, 2013, 11:51:06 PM
I will be switching to v2.6 and probably stop running v2.5 by the end of this week.  If I have a choice, I rather pick the mm because it automatically adjust the lotsize according to size of SL which is safer.  I just pick at random almost all the pairs available in TW broker about 25pairs.
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

fxbabe, could you check the visiblePattern setting of the zup on your myfxbook accounts?
I'm asking because now it is set to 111001110000000000000000 and earlier versions of HarmonicsTrader had 111101111000000000000111 which include the max patterns (3 last 1s).
Looks like the latter is doing better.

According to this post there is a certain order to look for patterns so changing the above could have a big impact:
http://www.forexfactory.com/showthread.php?p=6400104#post6400104
 (http://www.forexfactory.com/showthread.php?p=6400104#post6400104)
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 18, 2013, 12:08:03 AM
I will be switching to v2.6 and probably stop running v2.5 by the end of this week.  If I have a choice, I rather pick the mm because it automatically adjust the lotsize according to size of SL which is safer.  I just pick at random almost all the pairs available in TW broker about 25pairs.
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

fxbabe, could you check the visiblePattern setting of the zup on your myfxbook accounts?
I'm asking because now it is set to 111001110000000000000000 and earlier versions of HarmonicsTrader had 111101111000000000000111 which include the max patterns (3 last 1s).
Looks like the latter is doing better.

Ok, here is my pattern 111001110000000000000000.  This is following your instruction to attach the indicator to the chart.  Are you running the latter and should we all switch?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 12:23:10 AM
I will be switching to v2.6 and probably stop running v2.5 by the end of this week.  If I have a choice, I rather pick the mm because it automatically adjust the lotsize according to size of SL which is safer.  I just pick at random almost all the pairs available in TW broker about 25pairs.
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

fxbabe, could you check the visiblePattern setting of the zup on your myfxbook accounts?
I'm asking because now it is set to 111001110000000000000000 and earlier versions of HarmonicsTrader had 111101111000000000000111 which include the max patterns (3 last 1s).
Looks like the latter is doing better.

Ok, here is my pattern 111001110000000000000000.  This is following your instruction to attach the indicator to the chart.  Are you running the latter and should we all switch?
No no, that's fine, nobody should switch.
It is just that I see in your myfxbook version 2.5 is running with 111101111000000000000111 (see my User Guide for explanation)
http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620 (http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620)

btw, your accounts are doing great  :)
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 18, 2013, 01:26:56 AM

It is just that I see in your myfxbook version 2.5 is running with 111101111000000000000111 (see my User Guide for explanation)
http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620 (http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620)

btw, your accounts are doing great  :)

Ok, a little update here:  I have stopped testing v2.4 and I am replacing v2.5 with v2.6.  There is no doubt that v2.6 is almost identical to v2.5 and is more superior than v2.4.  Not sure if it is the changes in zup indicator patterns or the added filters which I plan try to find out this week. 
Title: Re: Harmonics Trader EA
Post by: BBrewer on February 18, 2013, 03:14:54 AM
Last week was pretty rough on the 4hr charts.  It may take a while to determine whether the 1hr or 4hr are superior.

One thing I noticed, if a trade occurs on both the 1hr and 4hr, it has a high likelihood of at least reaching the first target.  Walter, is there a way to take trades only if they confirm on multiple timeframes?

The settings I'm using for v2.6 are: Use RR=true, min_RR=0.5, BE=true, use stop orders, and max orders =5.  I have also modified my targets to be 23%, 45%, 60%, 90%, and 145%.
Title: Re: Harmonics Trader EA
Post by: ianj on February 18, 2013, 12:33:06 PM
I have been trying to squeeze a backtest out of this
* I installed the latest 2.6 download and check all the artifacts installed in place and setup for DLL's
* In each case i set to visual, pause immediately on start and dragged ZUP indicators on chart then resumed - lots of pretty looking annotated patterns flash by
* At the end of 2009-2012 "open prices" H1/H4 EUR/USD i have a handful of cancelled pending orders and a few (no more than 5 or 6) loss making trades

Am i doing something wrong ?
You have no backtest on your site - i know its a product in flux but it would be interesting to see one for a few pairs

The only setting i changed from default was SemiAuto -> false
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 07:37:20 PM
Last week was pretty rough on the 4hr charts.  It may take a while to determine whether the 1hr or 4hr are superior.

One thing I noticed, if a trade occurs on both the 1hr and 4hr, it has a high likelihood of at least reaching the first target.  Walter, is there a way to take trades only if they confirm on multiple timeframes?

The settings I'm using for v2.6 are: Use RR=true, min_RR=0.5, BE=true, use stop orders, and max orders =5.  I have also modified my targets to be 23%, 45%, 60%, 90%, and 145%.
I don't believe that it is a confirmation when a pattern appears on H1 and H4 at the same time. It's just the tops and bottoms of the ZZ happen to be at the same place. You could set it to SemiAutoMode and let it enter the trade(s) only if the pattern is on more than one TF.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 07:42:16 PM
I have been trying to squeeze a backtest out of this
* I installed the latest 2.6 download and check all the artifacts installed in place and setup for DLL's
* In each case i set to visual, pause immediately on start and dragged ZUP indicators on chart then resumed - lots of pretty looking annotated patterns flash by
* At the end of 2009-2012 "open prices" H1/H4 EUR/USD i have a handful of cancelled pending orders and a few (no more than 5 or 6) loss making trades

Am i doing something wrong ?
You have no backtest on your site - i know its a product in flux but it would be interesting to see one for a few pairs

The only setting i changed from default was SemiAuto -> false

The only thing that worries me in you explanation is "dragged ZUP indicators".
You can only have 1 zup indicator on the chart (only 1 pattern at the time).
And SemiAuto is false by default so.....???
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 18, 2013, 08:28:37 PM
Warning!!!  We need someone to backtest this EA so badly and I think finally there is some serious backtesting being done here http://worldwide-invest.org/threads/16081-(REQ)-HarmonicsTrader_v2-1/page6?p=134513#post134513 and so far the result is not at all promising with equity kept going down down and down...

I think the short term nice result of my forward test is just pure luck.  If so, I may be winding up my forward test unless Walter find a way to resolve those negative dd. 

Title: Re: Harmonics Trader EA
Post by: ianj on February 18, 2013, 08:42:39 PM
The only thing that worries me in you explanation is "dragged ZUP indicators".
You can only have 1 zup indicator on the chart (only 1 pattern at the time).
And SemiAuto is false by default so.....???


Sorry my bad - i dragged one indicator (and changed no setings on it)
SemiAuto ...  yur right  - i didnt change it - I really meant i ENSURED it was false

Everything else as i said though

I have been backtesting for years - i know what i am doing - in this case i loaded history from metaquotes (yes i know is incomplete- yadayada)

The point is only a handful of trades, mostly pending - all in loss (i mean < 10) usually means something wrong
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 08:45:39 PM
Warning!!!  We need someone to backtest this EA so badly and I think finally there is some serious backtesting being done here http://worldwide-invest.org/threads/16081-(REQ)-HarmonicsTrader_v2-1/page6?p=134513#post134513 and so far the result is not at all promising with equity kept going down down and down...

I think the short term nice result of my forward test is just pure luck.  If so, I may be winding up my forward test unless Walter find a way to resolve those negative dd.

Looks like a hackers site. "educate" here and "educate" there...

I've said it before:
http://www.donnaforex.com/forum/index.php?topic=9086.msg241233#msg241233 (http://www.donnaforex.com/forum/index.php?topic=9086.msg241233#msg241233)

Nevertheless, my goal is to further develop this EA into one where all you have to do is set your risk and some other common settings. All the other settings like PRZ TP trail and stuff will all be done automatically AND different for EACH pattern.
Title: Re: Harmonics Trader EA
Post by: ianj on February 18, 2013, 09:00:30 PM
Looks like a hackers site. "educate" here and "educate" there...


Ok - I'll make it REAL easy !

* I downloaded YOUR demo - it did not test as indicated in your instructions (pun intended  ;) )
* ZUP is clearly operation - very pretty
* There were no errors in the journal
* EUR/USD H4 - 2 cancelled pending orders - none opened
* I coaxed some trades in the end on EURUSD H1 by setting start balance to $10k, Risk to false/1 & Lot size to 0.1 - it lost 24% of that initial balance in 29 trades (2009-2013) with a few small wins only
* I repeated the test on EURUSD H4 (with better lot size above) - lost 20 trades straight (46% of balance) generall in batches of 5 - about 300+ pips loss each position
* If there are other setting i should use - please elucidate
* i have not been anywhere near any educated version
* You have not made any serious suggestion as to what went wrong


Please can you supply ONE backtest you have done yourself
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 18, 2013, 09:30:54 PM

Nevertheless, my goal is to further develop this EA into one where all you have to do is set your risk and some other common settings. All the other settings like PRZ TP trail and stuff will all be done automatically AND different for EACH pattern.

Looking forward to your further improvement and any timeframe we expect to see this new improvement implemented?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 09:50:07 PM
Looks like a hackers site. "educate" here and "educate" there...


Ok - I'll make it REAL easy !

* I downloaded YOUR demo - it did not test as indicated in your instructions (pun intended  ;) )
* ZUP is clearly operation - very pretty
* There were no errors in the journal
* EUR/USD H4 - 2 cancelled pending orders - none opened
* I coaxed some trades in the end on EURUSD H1 by setting start balance to $10k, Risk to false/1 & Lot size to 0.1 - it lost 24% of that initial balance in 29 trades (2009-2013) with a few small wins only
* I repeated the test on EURUSD H4 (with better lot size above) - lost 20 trades straight (46% of balance) generall in batches of 5 - about 300+ pips loss each position
* If there are other setting i should use - please elucidate
* i have not been anywhere near any educated version
* You have not made any serious suggestion as to what went wrong


Please can you supply ONE backtest you have done yourself
Sorry ianj, but I was not replying to your post by my quote, it was a general reaction to fxbabe's post  and I was certainly not saying that you were using an "educated" version. If you go through the whole topic at worldwid invest you will see what I meant.
But that's besides your questions. I'm sure you're a good trader and I'm sure that you know how to back test.
Here are some remarks by geektrader, made some pages ago. They may make you understand some better:
quote
.....otherwise you�d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.
....unquote

quote
.....you can clearly see that noone is trying to hide anything, we are running forward tests here and discuss about features for the EA which is still in development and neither the author nor anyone else here said that it is working perfectly and will make you gains. It�s just a very nice front-end EA for trading signals of the ZUP indicator, so everything depends on this indicator and if we can tune it to generate correct signals - which is difficult giving the repainting........
unquote

If you insist, here is a backtest version 2.4. It is not fake, geektrader can confirm this because I wanted to send it to him quickly and took a print screen while testing the new features in it prior it's release.
I'm going against my principles by posting this here because I find that it doesn't proof a thing, long term. Of course I do short backtests to see if it works or not, and if I see a result like I just now posted, that's good enough for me.

I know that this still does not solve your bad back test result, I would like to help you, but what can I do?
I'm sure that you have your own idea of how to trade harmonic patterns and set your own settings accordingly.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 09:53:33 PM

Nevertheless, my goal is to further develop this EA into one where all you have to do is set your risk and some other common settings. All the other settings like PRZ TP trail and stuff will all be done automatically AND different for EACH pattern.

Looking forward to your further improvement and any timeframe we expect to see this new improvement implemented?
That's hard to tell fxbabe. I'm so busy answering posts at the forums that there is hardly time to develop.  ;)  just kidding, but nevertheless....
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 10:09:05 PM
Oh, and here is the second run with the Pivot Support Resistance filter applied.
Test not complete, only three months
Title: Re: Harmonics Trader EA
Post by: ianj on February 18, 2013, 10:10:32 PM
quote
.....otherwise you�d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.
....unquote

The problem is that it is NOT  clear that it is NOT a solution that works "out of the box". Most people, when purchasing a product off a website, expect to "drop and go" - the problem is that this product clearly does not work like that. I am here because i am VERY interested but i need a base setting to ensure my sanity - hence a set file or similar. I know what value to attribute to a backtest and the snapshot you posted is interesting, but considering your audience may not be knowledgeable enough with ZUP to produce such results i think it is your responsibility, as a SELLER to make it very clear that it is not a drop and go solution - If i had not attempted to corroborate with a backtest then i might deploy this live - with little chance of success.

I have no maliciously intent- i just think you should either produce a viable base set file or clearly indicate that it is a development tool and requires strong familiarisation and a confirmed backtest before deploying live

I appreciate your emphasising that it is just a wrapper over the underlying ZUP tool and that its performance depends on the underlying - i don't think there is anything underhanded intended on your side - perhaps just an oversight on your part

Now how do i recreate ANY viable backtest please  ;D
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 10:13:36 PM
Test complete (1 year)
(You know how long it takes to back test)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 10:23:10 PM
quote
.....otherwise you�d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.
....unquote

The problem is that it is NOT  clear that it is NOT a solution that works "out of the box". Most people, when purchasing a product off a website, expect to "drop and go" - the problem is that this product clearly does not work like that. I am here because i am VERY interested but i need a base setting to ensure my sanity - hence a set file or similar. I know what value to attribute to a backtest and the snapshot you posted is interesting, but considering your audience may not be knowledgeable enough with ZUP to produce such results i think it is your responsibility, as a SELLER to make it very clear that it is not a drop and go solution - If i had not attempted to corroborate with a backtest then i might deploy this live - with little chance of success.

I have no maliciously intent- i just think you should either produce a viable base set file or clearly indicate that it is a development tool and requires strong familiarisation and a confirmed backtest before deploying live

I appreciate your emphasising that it is just a wrapper over the underlying ZUP tool and that its performance depends on the underlying - i don't think there is anything underhanded intended on your side - perhaps just an oversight on your part

Now how do i recreate ANY viable backtest please  ;D
To quickly anticipate and avoid misunderstandings, my post above was not an answer to your post. Answer will follow.
Title: Re: Harmonics Trader EA
Post by: ianj on February 18, 2013, 10:34:31 PM
i am VERY interested but i need a base setting to ensure my sanity

I would just like to repeat my statement above - I WANT TO BELIEVE !

I'll get the backtester out again and try some of the setting highlighted in your 2.4 version, but i would still love a set file  for v2.6 downloaded from your site ;)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 18, 2013, 10:55:51 PM
quote
.....otherwise you�d understand that it is not the EA but the ZUP indicator that is giving the signals that was not developed by the author of this EA and this EA is just a kind of a (very good) front-end for trading the ZUP generated patterns.
....unquote

The problem is that it is NOT  clear that it is NOT a solution that works "out of the box". Most people, when purchasing a product off a website, expect to "drop and go" - the problem is that this product clearly does not work like that. I am here because i am VERY interested but i need a base setting to ensure my sanity - hence a set file or similar. I know what value to attribute to a backtest and the snapshot you posted is interesting, but considering your audience may not be knowledgeable enough with ZUP to produce such results i think it is your responsibility, as a SELLER to make it very clear that it is not a drop and go solution - If i had not attempted to corroborate with a backtest then i might deploy this live - with little chance of success.

I have no maliciously intent- i just think you should either produce a viable base set file or clearly indicate that it is a development tool and requires strong familiarisation and a confirmed backtest before deploying live

I appreciate your emphasising that it is just a wrapper over the underlying ZUP tool and that its performance depends on the underlying - i don't think there is anything underhanded intended on your side - perhaps just an oversight on your part

Now how do i recreate ANY viable backtest please  ;D

I do partially agree with your remarks.
Yes it is not clear that it is a solution that works "out of the box". And perhaps I should make this more clear.
But then again, who would purchase a product before knowing that it works OR even know what it is about?
That is why I do not post any back tests, but only forward tests along with the development of new (and improved) versions.
That is also why it can be tested or put on demo accounts without any time limit.
I also state that it is developed to trade the signals provided by the zup indicator.
So I expected that my audience would be the people who are familiar with the zup indicators. I myself would not even buy my EA without knowing at least something about the matter of harmonic patterns and the zup indicator.
BUT I would buy it if I was already using the zup indicator and then I maybe would put the EA in semi auto mode and let it give me a signal whenever a new pattern is found.
This would relieve me of the burden of going through all the charts, find the patterns, enter and manage trades.
Then I only had to confirm if I wanted to let the EA take and manage the trade according to my own set of rules.
Or by the looks of the forward tests so far, I will put it on my live account any time now.
I had v2.1 running on my live account but was also doing a lot of other stuff with it so I took it off because it was no longer representative for this EA anymore.

As for you request for a set file, I would go for the default settings, find a pair and a period for this pair where price is not going up for an entire year or going only down for an entire year. (we would not trade such a pair live anyway)
Title: Re: Harmonics Trader EA
Post by: blamshakk on February 19, 2013, 11:25:17 AM
i think walter is doing/has done a good job so far with the EA, which shows great promise on higher timeframes-  and is being very diplomatic in his responses. forward tests are most important, and i disagree with fxbabe in her threat to  cancel her forward tests  - which are btw doing well - if such and such isn't done by walther, and repeatedly insinuating that she suspects that it's all down to 'luck'.

 all in all its a very harsh treatment of somebody who has put a free unlimited demo out for anybody to try before buying at a reasonable price should they choose to do so.

in my personal testing it seems to do better on some brokers than others.  i think this has to do do with variations in price feeds which alters the patterns being found/not found. key thing is to experiment.

my question to walther is are you planning a version which incorporates ZUP 1.23 or above? apparently those versions have slightly more reliable patterns / less repainting. and thanks for the EA.


Title: Re: Harmonics Trader EA
Post by: felipebr on February 19, 2013, 12:17:56 PM
Hi people, I would agree with blamshakk. I don't see that backtests will help much, I think the best test is demo and live forward tests. This is a complex indicator and I don't think backtests will be precisely and will have lot of variation depending of the feed.

I'm sorry but I don't think that performance is only "luck"... that was eating pips, if you analyse fxbabe myfxbook you will see EUR/JPY for example with more than 1000 pips in less than one month.

That does not look like simple "luck".
Keep the great work Walter, your EA is very interesting, congratulations.

Regards
Title: Re: Harmonics Trader EA
Post by: ianj on February 19, 2013, 12:33:15 PM
i think walter is doing/has done a good job so far with the EA, which shows great promise on higher timeframes-  and is being very diplomatic in his responses. forward tests are most important, and i disagree with fxbabe in her threat to  cancel her forward tests  - which are btw doing well - if such and such isn't done by walther, and repeatedly insinuating that she suspects that it's all down to 'luck'.

That approach is fine if this is just an academic exercise. I use a backtest to confirm my settings are correct and that it is functioning as intended - we all know reality will vary. I also use a backtest from a new version to validate changes in any new release that has significant new or changed functionality.

Poo-poo'ing backtests due to broker differences is a complete copout - quality data is available for most pairs - and forward testing over a few months isn't the final answer - especially on higher TF when the trade frequency is so low

The point remains - without a VIABLE backtest on at least one pair we have no way to confirm the setup is operating correctly and that is no way to trade - especially live. So you carry on trading your 0.01 demo account by all means. I am not asking for 13yr backtest or any other nonsense - just 12-36 month of viable action to confirm the setup is correct. In this case 2 backtest have been posted from 2.4 (current is 2.6 with advertised significant differences) which i cannot reproduce in any form.

If it CANNOT be backtested for a technical reason (visual indicators not working in backtest etc), then ok - there is a reason for it. But failing to provide a viable, testable package otherwise is not the best way to instil confidence in the product.

Don't get me wrong - i am considering buying it - but not without better evidence of its efficacy
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 19, 2013, 01:16:54 PM
Hello to all !

I bought the EA and it is a great EA for me. I was waiting for it and Walter did it !

Backtests are not the best choice because you are all using lots of pairs at the same time so big losses sometimes on some pairs and big profits also so only multiple pairs forward tests or multiple pairs backtest on 26 pairs for 1-3 years can help us.

I am sure Walter will give us a final stable version of the EA with good filters and better indicator even if it is almost perfect !

PS : i am french excuse my english.

PS2 : Thanks to Walter who helped me everytime i needed technical help !
Title: Re: Harmonics Trader EA
Post by: ianj on February 19, 2013, 02:12:03 PM
Probably it will takes us months and years to fully do a 10 yrs BT on MT4.  I would recommend that everyone take a look at this new, fast and free trading platform http://zorro-trader.com/features.php.  I also just found out of this a few days ago but didn't have time to very closely until today.  I believe by next month, they will be able to interface with MT4 and thereby we can take this to trade on any broker that provide MT4.  If this is true, I consider this would revolutionize our trading experience with 100x faster in BT with walk forward capabilities and so much more thing you won't have think of is there.  May be the answer is around the corner.

It will not help without porting ZUP and the EA to C-lite (the native language of the Zorro platform)

I think the Zorro bridge will allow you to run Zorro strategies in MT4 and maybe even copy MT4 position to Zorro (don't quote me on that - i havent looked at the details of the integration), but access to speed (i dont know how much faster - there are no concrete comparisons other than a 40x claim, which i am not disputing - speed in backtesting is far more than just the speed of the underlying language - its also a function of the backtesting design/architecture) and advanced optimisation techniques like WFA are not available unless the strategy (including ZUP) is ported to Zorro natively.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 19, 2013, 02:13:08 PM
i think walter is doing/has done a good job so far with the EA, which shows great promise on higher timeframes-  and is being very diplomatic in his responses. forward tests are most important, and i disagree with fxbabe in her threat to  cancel her forward tests  - which are btw doing well - if such and such isn't done by walther, and repeatedly insinuating that she suspects that it's all down to 'luck'.

 all in all its a very harsh treatment of somebody who has put a free unlimited demo out for anybody to try before buying at a reasonable price should they choose to do so.

in my personal testing it seems to do better on some brokers than others.  i think this has to do do with variations in price feeds which alters the patterns being found/not found. key thing is to experiment.

my question to walther is are you planning a version which incorporates ZUP 1.23 or above? apparently those versions have slightly more reliable patterns / less repainting. and thanks for the EA.
Thanks for your support blamshakk, I appreciate that.
One other feature of the EA is that it can be used with any ZUP version, that's what I had in mind when designing it.
So by all means go ahead and use the zup of your choise.
All the EA needs are the 2 triangles and the PRZ drawn on the chart.

You are also right about the variations in price feeds from different brokers.
I've been playing around with the idea to collect all those different price feeds and use it as an extra filter. Maybe publish them on a web page.
This is just a thought and I have not done anything with it so far.
The thing that bothers me about this is the fact that I would have to collect the data from all my users' accounts and I have the feeling that this is some kind of violating one's privacy. (although it's only the pair TF and pattern)
What do you guys and girls (because fxbabe is apparently a she) think about this?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 19, 2013, 02:19:54 PM
Hi people, I would agree with blamshakk. I don't see that backtests will help much, I think the best test is demo and live forward tests. This is a complex indicator and I don't think backtests will be precisely and will have lot of variation depending of the feed.

I'm sorry but I don't think that performance is only "luck"... that was eating pips, if you analyse fxbabe myfxbook you will see EUR/JPY for example with more than 1000 pips in less than one month.

That does not look like simple "luck".
Keep the great work Walter, your EA is very interesting, congratulations.

Regards

Thanks Felipe.
I also believe it is not "just luck". It is just the fact that is hanging on a lot of pairs and the "bad" patterns are more than compensated by the "good" ones. But let's not shout victory too soon.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 19, 2013, 02:59:30 PM
i think walter is doing/has done a good job so far with the EA, which shows great promise on higher timeframes-  and is being very diplomatic in his responses. forward tests are most important, and i disagree with fxbabe in her threat to  cancel her forward tests  - which are btw doing well - if such and such isn't done by walther, and repeatedly insinuating that she suspects that it's all down to 'luck'.

That approach is fine if this is just an academic exercise. I use a backtest to confirm my settings are correct and that it is functioning as intended - we all know reality will vary. I also use a backtest from a new version to validate changes in any new release that has significant new or changed functionality.

Poo-poo'ing backtests due to broker differences is a complete copout - quality data is available for most pairs - and forward testing over a few months isn't the final answer - especially on higher TF when the trade frequency is so low

The point remains - without a VIABLE backtest on at least one pair we have no way to confirm the setup is operating correctly and that is no way to trade - especially live. So you carry on trading your 0.01 demo account by all means. I am not asking for 13yr backtest or any other nonsense - just 12-36 month of viable action to confirm the setup is correct. In this case 2 backtest have been posted from 2.4 (current is 2.6 with advertised significant differences) which i cannot reproduce in any form.

If it CANNOT be backtested for a technical reason (visual indicators not working in backtest etc), then ok - there is a reason for it. But failing to provide a viable, testable package otherwise is not the best way to instil confidence in the product.

Don't get me wrong - i am considering buying it - but not without better evidence of its efficacy
You're perfectly right Ian and I understand perfectly what you are saying.
I don't remember where or to whom I said before but I'm saying again that I always did a (short) backtest before I released the next version, for the reasons you say.

I know that it is a pain to backtest this EA but there is nothing I can do about this.
It is really not the average EA.
The EA needs the objects drawn on the chart by the zup so we need to do back tests in visual mode.
A while ago I came across a post on some forum about someone who analised the data of a lot of pairs for a lot of years in an excel sheet. The strategy was to buy if the price went higher than the privious daily bar and close at the end of the day and visa versa. His conclusion was thousants of pips in the positive.
I coded an EA for that and started backtesting one pair after an other. Some pairs were loosing money and some gained money. The purpose was to find the best pairs to put the EA on. I gave up after a while because I realised that the past is no guarantee for the future. If I were to deploy this EA on all available pairs I would probably make a (big) profit after 10 years or so. But because it needed the daily TF I would need a BIG account to start with and I was not ready for that. So now it is sitting on my shelf collecting dust.

What I'm trying to say is that back testing HarmonicsTrader is only good to see if your settings are good and that it is doing what you expect it to do.
But to indulge you I will strart a back test of v2.6 and let you know in a few days.
(sorry if I cannot make things more clear because English is not my native language)

I might want to add that NO EA is profitable all the time.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 19, 2013, 03:08:15 PM
Probably it will takes us months and years to fully do a 10 yrs BT on MT4.  I would recommend that everyone take a look at this new, fast and free trading platform http://zorro-trader.com/features.php.  I also just found out of this a few days ago but didn't have time to very closely until today.  I believe by next month, they will be able to interface with MT4 and thereby we can take this to trade on any broker that provide MT4.  If this is true, I consider this would revolutionize our trading experience with 100x faster in BT with walk forward capabilities and so much more thing you won't have think of is there.  May be the answer is around the corner.

It will not help without porting ZUP and the EA to C-lite (the native language of the Zorro platform)

I think the Zorro bridge will allow you to run Zorro strategies in MT4 and maybe even copy MT4 position to Zorro (don't quote me on that - i havent looked at the details of the integration), but access to speed (i dont know how much faster - there are no concrete comparisons other than a 40x claim, which i am not disputing - speed in backtesting is far more than just the speed of the underlying language - its also a function of the backtesting design/architecture) and advanced optimisation techniques like WFA are not available unless the strategy (including ZUP) is ported to Zorro natively.
I agree.
I too had a quick look at the zoro project when fxbabe mentioned it.
And I really don't feel like learning this other language and converting everything to it just for back testing purposes, although it looks like an easy language.
Title: Re: Harmonics Trader EA
Post by: felipebr on February 19, 2013, 03:18:48 PM
Hi Walter, I think your idea about collecting price feed from various clients sources great... and I don't think it's a privacy concern since you will only collect if there's a pattern or not.

I think you can use it as a filter and even a trigger for a new entry. For example, if most of client charts shows a pattern... you shot a order even in the clients that don't show it. Understand ?
Title: Re: Harmonics Trader EA
Post by: ianj on February 19, 2013, 03:40:47 PM

But to indulge you I will strart a back test of v2.6 and let you know in a few days.
(sorry if I cannot make things more clear because English is not my native language)

Thank you for indulging me - i like that  :)

Your english is perfectly good - very clear

I look forward to any results - and i might even start a forward demo to see how it goes
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 19, 2013, 04:48:16 PM

But to indulge you I will strart a back test of v2.6 and let you know in a few days.
(sorry if I cannot make things more clear because English is not my native language)

Thank you for indulging me - i like that  :)

Your english is perfectly good - very clear

I look forward to any results - and i might even start a forward demo to see how it goes
Test running EURUSD H1 default settings.
Whatever the outcome, I will post it.
Title: Re: Harmonics Trader EA
Post by: viltsu on February 19, 2013, 05:59:53 PM
Is the Harmonics Trader an active trader? How many trades is the average per month?

Thanks
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 19, 2013, 07:30:15 PM
Hi people, I would agree with blamshakk. I don't see that backtests will help much, I think the best test is demo and live forward tests. This is a complex indicator and I don't think backtests will be precisely and will have lot of variation depending of the feed.

I'm sorry but I don't think that performance is only "luck"... that was eating pips, if you analyse fxbabe myfxbook you will see EUR/JPY for example with more than 1000 pips in less than one month.

That does not look like simple "luck".
Keep the great work Walter, your EA is very interesting, congratulations.

Regards

I want to say this.  Because this EA doesn't trade very often, we need years of backtest results to make conclusion and not just a few weeks of nice forward test of mine to draw conclusion.  For example, EU in 2008 made some nice profit for many many months but then it start losing and losing.  If EU is any indication, so will the other pairs.  Right now, EJ made thousand of pips but I think it also can lose the same and more so that is my warning. 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 01:33:28 AM
fxbabe,
On this myfxbook:
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706 (http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706)
there are 2 open positions (bear crab) on USDCHF.
I have tried to reproduce that trade but I can't.
The crab does appear but there is no PRZ at feb 18th where your trades opened.
So how could they open? I know I've asked before but are you using zup120, 111001110000000000000000
Could you perhaps post a screen shot of this trade?
Maybe this confirms several remarks about differences between brokers.
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 20, 2013, 03:03:32 AM
fxbabe,
On this myfxbook:
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706 (http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706)
there are 2 open positions (bear crab) on USDCHF.
I have tried to reproduce that trade but I can't.
The crab does appear but there is no PRZ at feb 18th where your trades opened.
So how could they open? I know I've asked before but are you using zup120, 111001110000000000000000
Could you perhaps post a screen shot of this trade?
Maybe this confirms several remarks about differences between brokers.

Attached is my UsdChf screenshot.  btw, I have replaced v2.5 with v2.6 and may be that is the reason for the diff.  I double checked my zup120 setting and it is  111001110000000000000000.  Hope this helps.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 20, 2013, 05:13:17 AM
Walter i think you will find the solution. I could also never have the same trades of fxbabe even with his settings. The differences comes from the broker i think because spreads are different. I think the solution is to add a functionnality to ajust a little tp, opening and trailing regarding the spread of each of us because i think some tp are not hitting for example because of the spread and then hits the sl or become a loss and on an other broker it became a profit... cqfd
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 20, 2013, 05:30:11 AM
I dont even have like him on my fxbook  gbpusd and eurgbp trades but i have two cad chf trades... very strange... i cabt understand these difference maybe fxbabe should send her mt4 folder to walter for him to examine it. Maybe the only solution..
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 20, 2013, 06:24:46 AM
I dont even have like him on my fxbook  gbpusd and eurgbp trades but i have two cad chf trades... very strange... i cabt understand these difference maybe fxbabe should send her mt4 folder to walter for him to examine it. Maybe the only solution..

I saw Walter also have eurgbp but I am not sure why his gbpusd has closed but not mine.  I don't think we can avoid slight diff. but long term profit or lost should be about the same, I would think. 
Title: Re: Harmonics Trader EA
Post by: felipebr on February 20, 2013, 12:05:03 PM
Hi people.. I just started trading live with 9 pairs, I will post here the myfxbook later.
Yesterday I had 2 GBP/USD order opened and I see fxbabe got it also in her "HTA2.5H1,MO5,URRT,BET", but she did not get it at her "HTA2.4_H1,MO=5,StopOrd" account... and she uses the same broker.

I would like to know... what could be filtering this trade in her version 2.4 account ?
The links are:

2.4
http://www.myfxbook.com/members/fxbabe/hta24-h1mo5stopord/471620

2.5
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbet/480689

Regards
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 20, 2013, 12:13:46 PM
I am not sure but fxbabe said he stopped trading 2.4 in a post... could you please give us your set file and the exact list of the pairs you are using and the name of your broker? Thx and good luck for live!
Title: Re: Harmonics Trader EA
Post by: pannenberg on February 20, 2013, 12:14:39 PM
Yesterday I started live. USDJPY (5 trades) with minus 118 pips.
Today GBPUSD (2 trades) with minus 140 pips.
I think its better to stop this EA and wait for better times.
Title: Re: Harmonics Trader EA
Post by: Tempestshade on February 20, 2013, 12:16:21 PM
Yesterday I started live. USDJPY (5 trades) with minus 118 pips.
Today GBPUSD (2 trades) with minus 140 pips.
I think its better to stop this EA and wait for better times.

Or you could stick with it if you think it will work eventually so you can dig yourself out of the DD. This is much better than if you want until it does good and go 'oh hey, it is doing great, i'll turn it on now' and then when you do it enters another DD period and you lose even more money.

David
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 12:37:15 PM
Yesterday I started live. USDJPY (5 trades) with minus 118 pips.
Today GBPUSD (2 trades) with minus 140 pips.
I think its better to stop this EA and wait for better times.

Or you could stick with it if you think it will work eventually so you can dig yourself out of the DD. This is much better than if you want until it does good and go 'oh hey, it is doing great, i'll turn it on now' and then when you do it enters another DD period and you lose even more money.

David

Amen
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 12:45:14 PM
fxbabe,
On this myfxbook:
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706 (http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbef/480706)
there are 2 open positions (bear crab) on USDCHF.
I have tried to reproduce that trade but I can't.
The crab does appear but there is no PRZ at feb 18th where your trades opened.
So how could they open? I know I've asked before but are you using zup120, 111001110000000000000000
Could you perhaps post a screen shot of this trade?
Maybe this confirms several remarks about differences between brokers.

Attached is my UsdChf screenshot.  btw, I have replaced v2.5 with v2.6 and may be that is the reason for the diff.  I double checked my zup120 setting and it is  111001110000000000000000.  Hope this helps.
This helps. Thanks fxbabe.
Here is my screenshot of the same trade, and with the same zup setting.
You can see that the pattern has no PRZ at Feb 18th, and yours did.
The reason is not the EA but the ZUP, or better the ZUP reacting on your brokers' feed by drawing or not drawing a PRZ.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 12:52:25 PM
Walter i think you will find the solution. I could also never have the same trades of fxbabe even with his settings. The differences comes from the broker i think because spreads are different. I think the solution is to add a functionnality to ajust a little tp, opening and trailing regarding the spread of each of us because i think some tp are not hitting for example because of the spread and then hits the sl or become a loss and on an other broker it became a profit... cqfd

This particular difference has nothing to do with spread.
Of course spread is important, but not so much on H1 and up.
And the EA takes spread into account. (on request of geektrader who was trading the exotic pairs with HUGH spreads)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 12:57:28 PM
I dont even have like him on my fxbook  gbpusd and eurgbp trades but i have two cad chf trades... very strange... i cabt understand these difference maybe fxbabe should send her mt4 folder to walter for him to examine it. Maybe the only solution..

I saw Walter also have eurgbp but I am not sure why his gbpusd has closed but not mine.  I don't think we can avoid slight diff. but long term profit or lost should be about the same, I would think.
It did close on the Bear Shark pattern, but now it has openend a bear crab
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 01:03:03 PM
Now this one is a text book set up. Everybody would trade this pattern.
It's a Gartley, in a chanel, with at least three touching points, and there is a support.
You can see that it placed the SL nicely under the Monthly Pivot.
Let's see how it will work out  :P
If it doesn't, don't blame HarmonicsTrader  ;D

Title: Re: Harmonics Trader EA
Post by: iwillsurvive on February 20, 2013, 01:43:38 PM
Watching this v closely,

have setup a myfxbook page too :)

http://www.myfxbook.com/members/iwillsurvive/harmonic-trader/490146
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 01:58:22 PM
Watching this v closely,

have setup a myfxbook page too :)

http://www.myfxbook.com/members/iwillsurvive/harmonic-trader/490146
Nice  ;D
Could you perhaps clarify more on your myfxbook.
From the title none can see that it is HarmonicsTrader, what version and what settings.
Title: Re: Harmonics Trader EA
Post by: iwillsurvive on February 20, 2013, 02:35:57 PM
Done!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 04:23:04 PM
Done!
Thanks Linton.
I was asking because there is another EA out there with the name Harmonic trader. (no 's')
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 20, 2013, 04:49:57 PM
Hi to all,
 
FXBABE's myfx account has some GBP/CHF and EUR/GBP opened trade today and not me, althouth i am using exactly the same ZUP and set FILE on H1...
 
FXBABE :
http://www.myfxbook.com/members/fxbabe/hta25h1mo5urrtbet/480689
 
ME :
http://www.myfxbook.com/members/frenchtrader7/hat-27beta2-custumsettings-h1/488330
 
It can make a big différence in loss or profits if the trades are never the same...

Hope someone fix it !
 
(PS: For CAD CHF it is normal that i have some trades and not her because she did not add this pair)
 
Title: Re: Harmonics Trader EA
Post by: pannenberg on February 20, 2013, 04:51:34 PM
Walter, why there is no email address in the documents and on the homepage?
Who are you and why are you hiding?
There is no support available except donnaforex!? Somehow strange.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 20, 2013, 05:03:05 PM
Walter, why there is no email address in the documents and on the homepage?
Who are you and why are you hiding?
There is no support available except donnaforex!? Somehow strange.
Now I feel offended :o

At the bottom of the page.
http://www.harmonicstrader.com/instructions.php (http://www.harmonicstrader.com/instructions.php)
The url to the web site is also on every page of the User Guide.
(I will put in the email address too, if that is maybe faster to find support)

Ask anybody about my support I give via e-mail

Title: Re: Harmonics Trader EA
Post by: pannenberg on February 20, 2013, 06:42:15 PM
You may feel offended and I loose money with your robot. Now after 7 losses before again 5 trades (NZDUSD and EURGBP) are minus.
This EA does not work and the DD will continue. It would be the best you give my money back.
Title: Re: Harmonics Trader EA
Post by: felipebr on February 20, 2013, 06:57:17 PM
Hi pannenberg, I'm sorry but before start live you should try on demo.. and only after some time watching, try it live. Simple as it... the patterns don't work allways but the EA filter and manage the money very well.


You may feel offended and I loose money with your robot. Now after 7 losses before again 5 trades (NZDUSD and EURGBP) are minus.
This EA does not work and the DD will continue. It would be the best you give my money back.
Title: Re: Harmonics Trader EA
Post by: felipebr on February 20, 2013, 07:23:47 PM
Gartley become Shark ? It's good or bad ?  ???



Now this one is a text book set up. Everybody would trade this pattern.
It's a Gartley, in a chanel, with at least three touching points, and there is a support.
You can see that it placed the SL nicely under the Monthly Pivot.
Let's see how it will work out  :P
If it doesn't, don't blame HarmonicsTrader  ;D
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 20, 2013, 08:32:54 PM
Gartley become Shark ? It's good or bad ?  ???



Now this one is a text book set up. Everybody would trade this pattern.
It's a Gartley, in a chanel, with at least three touching points, and there is a support.
You can see that it placed the SL nicely under the Monthly Pivot.
Let's see how it will work out  :P
If it doesn't, don't blame HarmonicsTrader  ;D

Wonder what comes after shark?  It is a bad day for sure.  May be we can learn from today's dd to better improve this EA. 
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 21, 2013, 04:32:34 AM
Walter,

I have been running a v2.6 parallel test on zup000 (111001110000000000000000) vs zup111 (111101111000000000000111) and I found out that zup000 lost -424 pips whereas zup111 lost only -76 pips last night.  ie. It avoided NzdUsd completely which is interesting.  I thought the zup000 should be better but so far it isn't the case.  It will be interesting to see after a few weeks how this two account performs. 

Ok, here are the two myfxbook and screenshot of the trades.

http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689
http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907
Title: Re: Harmonics Trader EA
Post by: iwillsurvive on February 21, 2013, 11:57:41 AM
Any backtests?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 21, 2013, 01:19:18 PM
Walter,

I have been running a v2.6 parallel test on zup000 (111001110000000000000000) vs zup111 (111101111000000000000111) and I found out that zup000 lost -424 pips whereas zup111 lost only -76 pips last night.  ie. It avoided NzdUsd completely which is interesting.  I thought the zup000 should be better but so far it isn't the case.  It will be interesting to see after a few weeks how this two account performs. 

Ok, here are the two myfxbook and screenshot of the trades.

http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689
http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907

Yes, different settings, even if only one more (or less) pattern to look for, it will give different results.
This is because the zup looks for patterns in a certain order.
http://www.forexfactory.com/showthread.php?t=166155&page=48 (http://www.forexfactory.com/showthread.php?t=166155&page=48)
If you set it to 111001110000000000000000 it will find a bull shark 2 on NZDUSD H1.
Now change the third last zero to a one (max gartley) and the shark dissapears because it first found a max Gartley.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 21, 2013, 01:36:29 PM
My VPS is at it's limits and I will have to get me another one.
I had one running EURUSD H1 Jan 1st - now, but when it finished and I was analysing the results I discovered a gap from end of Jan to June 20th :(
So will have to start over, on a new VPS and with real tick data (suite).
Anyway here it is although incomplete.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 21, 2013, 07:04:58 PM
@fxbabe : could you please tell us which demo account type you are using on tradersway broker please because i want to open a demo account for test purpose. Is it mt4micro account? Mt4Fix, mt4ecn or mt4var? Thx a lot!
Title: Re: Harmonics Trader EA
Post by: fxbabe on February 21, 2013, 08:09:33 PM
@fxbabe : could you please tell us which demo account type you are using on tradersway broker please because i want to open a demo account for test purpose. Is it mt4micro account? Mt4Fix, mt4ecn or mt4var? Thx a lot!

I use only MT4enc. 
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 22, 2013, 05:44:07 AM
Beautiful Pattern
EA in action
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs16.postimage.org%2Fr3y8xkl1x%2Fh4nu.gif&hash=8a1a03f049f72239e58ec081994777ac)
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 22, 2013, 08:43:18 AM
I have two forward TEST opened, one with FXCM, my broker, and the other, started today, with FXBABE's BROKER, TRADERSWAY (maybe also my broker in some days lol).

Found Patterns are not the same at all as we said so any back test of forward test is useless it depends the broker !

We will be able to compare trades with these two brokers.

I joined the Set file used for the two accounts if you want to download it.

It's FXBABE's same SET file than his first 2.6 myfx.

My FXCM account seems to get better after this red week ! :)

ZUP 120 is used with default settings "000".

Here is the two links :

http://www.myfxbook.com/members/frenchtrader7/hat-h1-26-bet-urfurrtmo5skipfzup120/488330

http://www.myfxbook.com/members/frenchtrader7/hat-h1-26-bet-urrt/494005
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 22, 2013, 12:28:05 PM
Beautiful Pattern
EA in action
Nice pattern tankbeta but it looks like your mt4 lost connection because the ea is just sitting there doing nothing.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 22, 2013, 12:36:24 PM
I have two forward TEST opened, one with FXCM, my broker, and the other, started today, with FXBABE's BROKER, TRADERSWAY (maybe also my broker in some days lol).

Found Patterns are not the same at all as we said so any back test of forward test is useless it depends the broker !

We will be able to compare trades with these two brokers.

I joined the Set file used for the two accounts if you want to download it.

It's FXBABE's same SET file than his first 2.6 myfx.

My FXCM account seems to get better after this red week ! :)

ZUP 120 is used with default settings "000".

Here is the two links :

http://www.myfxbook.com/members/frenchtrader7/hat-h1-26-bet-urfurrtmo5skipfzup120/488330

http://www.myfxbook.com/members/frenchtrader7/hat-h1-26-bet-urrt/494005
That's the way to go frenchtrader7.
I assume that the "000" are referring to the 3 last digits of visiblePattern setting?
So not using the "max" patterns.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on February 22, 2013, 01:10:02 PM
Yes walter defaut zup 120 provided with 2.6 ea without max patterns. All default.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 27, 2013, 08:41:11 PM
Started a forward test on the daily TF with ZUP_v123 today, 28 pairs.
More details at the web site www.harmonicstrader.com (http://www.harmonicstrader.com)

Doing the same with a 5 year backtest on EURUSD.
Title: Re: Harmonics Trader EA
Post by: yamez on February 27, 2013, 11:50:51 PM
Thanks for bringing my attention to Harmonics through your EA, Walter. I've been manually trading harmonics these past few weeks for the first time, since discovering your EA and I can say that Harmonics looks like a game changer, for me at least.

Here are some other indicators I've discovered along the way that I'm using as filters. These indicators are PA based, no lagging nonsense here!

I use the filters as follows...

PRZ touching, near, overlapping or inside a tested Supply/Demand zone, manually or automatically drawn. I'm using SS_SupportResistance_v04b.mq4

Trendline crossing through or near PRZ. I'm using TrueTL ( http://www.truetl.com ).

Limit order(s) placed on or near the trendline. I use an EA called "EASY" to place the pending order. There is no MQ4 file. ( http://www.forexfactory.com/showthread.php?p=2133493#post2133493 )

See attached pictures of an ideal setup, CADJPY H1, H4 also shows Supply/Demand and TL confirmation.

Of interest an emerging triangle pattern also appeared on M15 and H1 using AutoChartist. Several brokers offer AutoChartist for free, I'm with FX Primus ECN. ( Pattern not shown on screenshot due to being expired ).

Have fun! Cheers!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 28, 2013, 12:36:42 PM
Thanks for sharing Yamez!
I will give those indicators a try for sure.

Have you compared this S&R indi with mine?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 28, 2013, 08:37:29 PM
Contradiction here, but luckily one got the profit locked in ::)
Title: Re: Harmonics Trader EA
Post by: yamez on March 01, 2013, 03:06:43 AM
Thanks for sharing Yamez!
I will give those indicators a try for sure.

Have you compared this S&R indi with mine?

I have mainly been manually trading so have not made thorough comparisons with your EA and S/R. The Sup/Dem zones are less frequent than the pivots and visually make more sense to me because they are based on historical PA. From what I have read these past few weeks, most harmonic traders use them too. I've used the indicator II_SupDem before but I think this one is better since it does a retest count and does not delete broken zones straight away. Using TrueTL has given me an extra level of conformation and makes for great entry points in the PRZ by letting the price come to the TL for entry, so as to not "force" a trade.

To read more on this S/R ( Sup/Dem ) indicator see here, http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514

Place the indicator on a chart with several ghost patterns from this week and see how well it filters. Best on H1, H4 from my testing so far. The indicator can show HTF zones on LTF chart patterns as well. Going to try that on M15 and M30 next week.

Cheers..
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 01, 2013, 02:09:35 PM
Taken out with a loss  >:(
before it turned in to be a good trade after all  :o
Price did go over the trend line by about 4 pips so if the SL would have been put there we would still have been taken out with a loss!
So how many pips above/below the trend line should the SL be placed? 10 pips? 20 pips?
Is this a poor quality pattern because it is small?
The actually loosing pattern was a previously formed shark 2 and it did not trade this shark 1 pattern, but just to demonstrate.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 01, 2013, 02:20:57 PM
Thanks for sharing Yamez!
I will give those indicators a try for sure.

Have you compared this S&R indi with mine?

I have mainly been manually trading so have not made thorough comparisons with your EA and S/R. The Sup/Dem zones are less frequent than the pivots and visually make more sense to me because they are based on historical PA. From what I have read these past few weeks, most harmonic traders use them too. I've used the indicator II_SupDem before but I think this one is better since it does a retest count and does not delete broken zones straight away. Using TrueTL has given me an extra level of conformation and makes for great entry points in the PRZ by letting the price come to the TL for entry, so as to not "force" a trade.

To read more on this S/R ( Sup/Dem ) indicator see here, http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514

Place the indicator on a chart with several ghost patterns from this week and see how well it filters. Best on H1, H4 from my testing so far. The indicator can show HTF zones on LTF chart patterns as well. Going to try that on M15 and M30 next week.

Cheers..
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 01, 2013, 02:46:30 PM
hello everyone been busy this past days and looks like a lot of things happen here  :) anyway i started a new Forward test to try the setting of Pending orders in H1.
http://www.myfxbook.com/members/tankbeta/harmonics-trader-ea-v26-h1/499670
Title: Re: Harmonics Trader EA
Post by: yamez on March 02, 2013, 09:58:57 AM
Quote
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?

I posted the indicator before, it is called SS_SupportResistance_v04b.mq4 and is very similar to II_SupDemv2.mq4. I've attached both. SS_SupportResistance_v04b.mq4 does a retest zone count and does not immediately delete broken zones like II_SupDemv2.mq4

I have been referring to SS_SupportResistance_v04b.mq4 as Supply and Demand because that is how I see it works. By this I mean a price zone that has dramatically risen or fallen in the past and may repeat again in the future. Sorry for the confusion. In my view S/R is a line where price reacts based on historical OHLC algorithms. i.e. pivots.

I have been using a trendline for confirmation and trade entry. Stops I have been using the top or bottom of the S/R zone or ATR, I'm still experimenting.

I see a trendline as an alternative to RSI divergence confirmation, again I'm experimenting. Check this site, linked from your resources section, regarding entry criteria, http://www.trade-forex-harmonic-patterns.com/harmonic-trading-entry-criteria.html

Going by his Twitter posts he is/was using II_SupDemv2.mq4

Cheers!

Title: Re: Harmonics Trader EA
Post by: fxbabe on March 03, 2013, 10:26:34 PM
Taken out with a loss  >:(
before it turned in to be a good trade after all  :o
Price did go over the trend line by about 4 pips so if the SL would have been put there we would still have been taken out with a loss!
So how many pips above/below the trend line should the SL be placed? 10 pips? 20 pips?
Is this a poor quality pattern because it is small?
The actually loosing pattern was a previously formed shark 2 and it did not trade this shark 1 pattern, but just to demonstrate.

Walter,

EurCad SL in your example above was only about 6+pips and that is a little too small for a pair like that.  May be we should have another filter for SL that are too small.  I think we need a min of 20+ pips SL for us to worth entering otherwise it just too easy to be taken out by say just the spread itself.  What do you think?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 03, 2013, 10:42:47 PM
Taken out with a loss  >:(
before it turned in to be a good trade after all  :o
Price did go over the trend line by about 4 pips so if the SL would have been put there we would still have been taken out with a loss!
So how many pips above/below the trend line should the SL be placed? 10 pips? 20 pips?
Is this a poor quality pattern because it is small?
The actually loosing pattern was a previously formed shark 2 and it did not trade this shark 1 pattern, but just to demonstrate.

Walter,

EurCad SL in your example above was only about 6+pips and that is a little too small for a pair like that.  May be we should have another filter for SL that are too small.  I think we need a min of 20+ pips SL for us to worth entering otherwise it just too easy to be taken out by say just the spread itself.  What do you think?
The SL was already 20 pips away from entry.
And the spread is added to the SL.
The problem here was that the reference for placing the initial SL was the PRZ when it had been better to take the trend line as reference. The EA already places the SL above/below a piv/supp/res level if it is not further away than half of the PRZ added to the PRZ.
So what I could add is trend lines  :) and do the same here.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 03, 2013, 10:50:45 PM
Quote
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?

I posted the indicator before, it is called SS_SupportResistance_v04b.mq4 and is very similar to II_SupDemv2.mq4. I've attached both. SS_SupportResistance_v04b.mq4 does a retest zone count and does not immediately delete broken zones like II_SupDemv2.mq4

I have been referring to SS_SupportResistance_v04b.mq4 as Supply and Demand because that is how I see it works. By this I mean a price zone that has dramatically risen or fallen in the past and may repeat again in the future. Sorry for the confusion. In my view S/R is a line where price reacts based on historical OHLC algorithms. i.e. pivots.

I have been using a trendline for confirmation and trade entry. Stops I have been using the top or bottom of the S/R zone or ATR, I'm still experimenting.

I see a trendline as an alternative to RSI divergence confirmation, again I'm experimenting. Check this site, linked from your resources section, regarding entry criteria, http://www.trade-forex-harmonic-patterns.com/harmonic-trading-entry-criteria.html

Going by his Twitter posts he is/was using II_SupDemv2.mq4

Cheers!
Thanks for posting these indicators yamez.
I've had a quick look and I like the SS_SupportResistance_v04b indi.
I could perhaps do something with it.
It will take some time though to test and see if it can filter out the bad ones.

You're right, I have a link to that web site.
What strikes me at that particuar page is that he is using the harmonic patterns as a confirmation and not as a base for trading. Not that this is bad but we are trading the patterns and use the other things as confirmation.
Title: Re: Harmonics Trader EA
Post by: fxbabe on March 04, 2013, 03:37:34 AM
Quote
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?

I posted the indicator before, it is called SS_SupportResistance_v04b.mq4 and is very similar to II_SupDemv2.mq4. I've attached both. SS_SupportResistance_v04b.mq4 does a retest zone count and does not immediately delete broken zones like II_SupDemv2.mq4

I have been referring to SS_SupportResistance_v04b.mq4 as Supply and Demand because that is how I see it works. By this I mean a price zone that has dramatically risen or fallen in the past and may repeat again in the future. Sorry for the confusion. In my view S/R is a line where price reacts based on historical OHLC algorithms. i.e. pivots.

I have been using a trendline for confirmation and trade entry. Stops I have been using the top or bottom of the S/R zone or ATR, I'm still experimenting.

I see a trendline as an alternative to RSI divergence confirmation, again I'm experimenting. Check this site, linked from your resources section, regarding entry criteria, http://www.trade-forex-harmonic-patterns.com/harmonic-trading-entry-criteria.html

Going by his Twitter posts he is/was using II_SupDemv2.mq4

Cheers!
Thanks for posting these indicators yamez.
I've had a quick look and I like the SS_SupportResistance_v04b indi.
I could perhaps do something with it.
It will take some time though to test and see if it can filter out the bad ones.

You're right, I have a link to that web site.
What strikes me at that particuar page is that he is using the harmonic patterns as a confirmation and not as a base for trading. Not that this is bad but we are trading the patterns and use the other things as confirmation.

I think the RSI reversal/divergence is a good idea.  Do you think we can incorporate that as another filter?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 04, 2013, 03:56:51 AM
Quote
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?

I posted the indicator before, it is called SS_SupportResistance_v04b.mq4 and is very similar to II_SupDemv2.mq4. I've attached both. SS_SupportResistance_v04b.mq4 does a retest zone count and does not immediately delete broken zones like II_SupDemv2.mq4

I have been referring to SS_SupportResistance_v04b.mq4 as Supply and Demand because that is how I see it works. By this I mean a price zone that has dramatically risen or fallen in the past and may repeat again in the future. Sorry for the confusion. In my view S/R is a line where price reacts based on historical OHLC algorithms. i.e. pivots.

I have been using a trendline for confirmation and trade entry. Stops I have been using the top or bottom of the S/R zone or ATR, I'm still experimenting.

I see a trendline as an alternative to RSI divergence confirmation, again I'm experimenting. Check this site, linked from your resources section, regarding entry criteria, http://www.trade-forex-harmonic-patterns.com/harmonic-trading-entry-criteria.html

Going by his Twitter posts he is/was using II_SupDemv2.mq4

Cheers!
Thanks for posting these indicators yamez.
I've had a quick look and I like the SS_SupportResistance_v04b indi.
I could perhaps do something with it.
It will take some time though to test and see if it can filter out the bad ones.

You're right, I have a link to that web site.
What strikes me at that particuar page is that he is using the harmonic patterns as a confirmation and not as a base for trading. Not that this is bad but we are trading the patterns and use the other things as confirmation.

I think the RSI reversal/divergence is a good idea.  Do you think we can incorporate that as another filter?
You're right.
Do you know any good ones? I could code one myself but why should I reinvent the wheel  ::)
Title: Re: Harmonics Trader EA
Post by: fxbabe on March 04, 2013, 05:52:58 AM
Quote
Some say that Supply & Demand are nothing more than Support & Resistance. ::)
Could you attach this indicator to one of your next posts please?

I posted the indicator before, it is called SS_SupportResistance_v04b.mq4 and is very similar to II_SupDemv2.mq4. I've attached both. SS_SupportResistance_v04b.mq4 does a retest zone count and does not immediately delete broken zones like II_SupDemv2.mq4

I have been referring to SS_SupportResistance_v04b.mq4 as Supply and Demand because that is how I see it works. By this I mean a price zone that has dramatically risen or fallen in the past and may repeat again in the future. Sorry for the confusion. In my view S/R is a line where price reacts based on historical OHLC algorithms. i.e. pivots.

I have been using a trendline for confirmation and trade entry. Stops I have been using the top or bottom of the S/R zone or ATR, I'm still experimenting.

I see a trendline as an alternative to RSI divergence confirmation, again I'm experimenting. Check this site, linked from your resources section, regarding entry criteria, http://www.trade-forex-harmonic-patterns.com/harmonic-trading-entry-criteria.html

Going by his Twitter posts he is/was using II_SupDemv2.mq4

Cheers!
Thanks for posting these indicators yamez.
I've had a quick look and I like the SS_SupportResistance_v04b indi.
I could perhaps do something with it.
It will take some time though to test and see if it can filter out the bad ones.

You're right, I have a link to that web site.
What strikes me at that particuar page is that he is using the harmonic patterns as a confirmation and not as a base for trading. Not that this is bad but we are trading the patterns and use the other things as confirmation.

I think the RSI reversal/divergence is a good idea.  Do you think we can incorporate that as another filter?
You're right.
Do you know any good ones? I could code one myself but why should I reinvent the wheel  ::)

May be this one will do.  I found it here http://www.the-lazy-trader.com/2012/09/rsi-divergence-indicator.html. 
Title: Re: Harmonics Trader EA
Post by: yamez on March 04, 2013, 07:36:48 AM
Quote
I think the RSI reversal/divergence is a good idea.  Do you think we can incorporate that as another filter?

Divergence signals ( RSI, CCI, Stoch ) come in 2 bars later and are useful when re testing a price level for confirmation. Price level re test/confirmation could happen before or after the divergence signal. If a new divergence signal or price level makes a significantly newer high ( or low ), skip the trade.

More ideas, only trade off weekly and monthly pivots ( maybe daily extremes, R3, S3 ). Try Fibonacci pivots too, weekly and monthly ( see attached indicator ). Also try confluence when weekly and monthly pivots coincide.

More experimenting!

Title: Re: Harmonics Trader EA
Post by: fxbabe on March 07, 2013, 07:36:03 PM
Hi Walter,

All my demos got some major beating last night similar to what happen last week but more severe.  May be is time to reevaluate.  Any update on trendline, rsi filter, etc?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 07, 2013, 07:56:03 PM
Hi Walter,

All my demos got some major beating last night similar to what happen last week but more severe.  May be is time to reevaluate.  Any update on trendline, rsi filter, etc?
I'm working on a RSI Divergence filter among other improvements. Looks very promising so far :)
Update will probably be released somewhere in the next week.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on March 08, 2013, 04:33:02 PM
Walter Just said to me that Version 2.7 will be very good and will be realeased next week ! Check your mails www.harmonicstrader.com !
Title: Re: Harmonics Trader EA
Post by: yamez on March 09, 2013, 04:41:34 AM
Quote
I'm working on a RSI Divergence filter among other improvements. Looks very promising so far :)
Update will probably be released somewhere in the next week.

Will be interesting to see how you have implemented RSI divergence. I found lower time frame divergence gave signals for an earlier entry. Sometimes the entry time frame have no divergence at all or comes in much later. PRZ overlapping or inside S/R zones on H1 and H4 work well and narrow your trade entries to a "kill zone".
Title: Re: Harmonics Trader EA
Post by: atomico on March 09, 2013, 08:28:27 AM
hi Walter,

i have try to execute a backtest for EURUSD with H1 timeframe, but i have not good result...

i have used OPEN PRICE to execute the test...

can you tell me the correct procedure to perform the backtest?

i think that you EA have great potential resource, but seems to need also for many optimization to have a good risk-reward...

but probably i have also execute not well my test...

wait for suggestion, thanks and best regard.
Title: Re: Harmonics Trader EA
Post by: yamez on March 09, 2013, 02:41:57 PM
More ideas for confirmation. SHI channel indicator set to the next higher TF looks interesting. Example picture shows EURAUD H1 with SHI channel set to H4 (purple lines).


Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 11, 2013, 03:41:22 AM
hi Walter,

i have try to execute a backtest for EURUSD with H1 timeframe, but i have not good result...

i have used OPEN PRICE to execute the test...

can you tell me the correct procedure to perform the backtest?

i think that you EA have great potential resource, but seems to need also for many optimization to have a good risk-reward...

but probably i have also execute not well my test...

wait for suggestion, thanks and best regard.
Hi atomico,

Select "Every tick".
Check 'Visual mode' and drag the ZUP indicator to the chart.
That's it.
Or for more precision check this out:
http://eareview.net/tick-data (http://eareview.net/tick-data)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 11, 2013, 03:44:39 AM
More ideas for confirmation. SHI channel indicator set to the next higher TF looks interesting. Example picture shows EURAUD H1 with SHI channel set to H4 (purple lines).
Looks interesting, thanks.
Title: Re: Harmonics Trader EA
Post by: yamez on March 13, 2013, 09:54:30 AM
A couple more examples of the PRZ overlapping with S/R zones for manual confirmation. The EA ver 2.6 took these trades using RR 1:2, limit orders. I'm trying Zup 120 and 123 together.

RSI divergence indy is the one posted by fxbabe, the S/R ( Sup/Dem ) indy, posted by me. Notice the failed patterns that preceded the winning pattern. Notice how the price on H4 is returning to a previous level where a dramatic reversal happened before.

Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 13, 2013, 12:00:42 PM
A couple more examples of the PRZ overlapping with S/R zones for manual confirmation. The EA ver 2.6 took these trades using RR 1:2, limit orders. I'm trying Zup 120 and 123 together.

RSI divergence indy is the one posted by fxbabe, the S/R ( Sup/Dem ) indy, posted by me. Notice the failed patterns that preceded the winning pattern. Notice how the price on H4 is returning to a previous level where a dramatic reversal happened before.

Nice!

Almost done with HarmonicsTrader_v2.7 here :)
All filters (and more) are included.
Well, not all... your S/R (Sup/Dem) is included, but I use the build in RSI indi to calculate divergences between X point and D point.

Zup 120 and 123 together????
You can try this, but if more than one pattern at the same time, v2.6 will go nuts.
v2.7 will be able to trade more than one pattern at the same time BUT only from the SAME zup :)
Put "ExtGartleyTypeSearch" to "1" to see what I mean.

Hope to release v2.7 this evening...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 14, 2013, 03:22:55 AM
I have listened to a lot of people's requests and suggestions and worked hard the last
couple of weeks to further improve and add a lot of new features to the HarmonicsTrader EA.
So I'm proud to announce the release of version 2.7!

Here is what's new, and I'm sure you are going to like it:

- Closes Orders and Positions when opposite pattern.
- Possibility to trade all found patterns simultaneously when ZUP “ExtGartleyTypeSearch” set to “1” (shows all found patterns at once).
Put on your sunglasses when running this setting  8)
- Modified ZUP_v120 NEN STAR( HT2.7) included with this setting and other (2) modified settings.
- This ZUP will automatically be loaded so no more need to drag it onto the chart.
- Therefore can now also be back tested with visual mode OFF which will speed up back testing by about 35%.
- Daily pivot of (PivSuppRes) added. Daily pivot, S&R will also be used on M15 TF.
- If S/R filters are OFF the EA will try to place the SL behind such level anyway if it is not too far from PRZ.
- Renamed SupportResistanceFilter to PivSuppResFilter (in the EA settings and on the screen) to comply with the indicator name.

Added features:
- Added a Support & Resistance filter called SuppResFilter (SS_SupportResistance_v04b indicator)
- Build-in RSI divergence filter. (based on standard MT4 Relative Strength Index indicator)
- Build-in OsMA divergence filter. (based on standard MT4 Moving Average of Oscillator indicator)
- The two S&R filters and two RSI filters can be teamed up as pairs. (more in the manual)
- Possibility to modify orders and positions by dragging them to a new location with the mouse.

The divergence is measured between point X and point D of the 5 point patterns
and between point D and respectively the hi or low of the previous point of the AB=CD and the 5-0 patterns.

Oh, one thing I forgot to mention in the user guide, probably because it was so obvious to me, is the following:
with this (included) zup setting to find and show all patterns at once,
all the found patterns are displayed above the settings on the chart. (like before but now all of them)
But the filters will block some (or all). The blocked patterns will have the same colour as the rest of the text.
Only the tradable patterns will colour Lime or Red depending if Bullisch or Bearisch.
It can happen that two patterns with the same name are good for trading, but the EA will only trade one of them.
The filters may also flicker Lime and Red because the EA is looping through the patterns with each incoming tick.
This means that some found patterns have a go and some do not.

Again, the default settings are probably not the most optimal ones.
So play around with them and adjust them to your trading style.

If you have any questions or remarks, please let me know.

Time for me to take a little break now :)
Thanks everybody for your suggestions to improve HarmonicsTrader!

Enjoy!
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 14, 2013, 06:44:23 AM
wow that new 2.7 is awesome. lots of new filters and features! i will start to BTing 2.7 from m1 to h4. you deserve a good break from work walter  ;D thanks walter godbless.
Title: Re: Harmonics Trader EA
Post by: yamez on March 14, 2013, 09:45:42 AM
Thanks for this Walter. First time testing on M15. Holy ghost patterns, multicolored butterfly wings!  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 14, 2013, 12:49:51 PM
Thanks fellows.
I told you to put on your sunglasses didn't I. 8) 8) 8) 8) 8)

You may want to disable ghost patterns or your chart will clutter up fast  ;D
Title: Re: Harmonics Trader EA
Post by: atomico on March 15, 2013, 02:51:07 PM
hi Walter,

about the backtest... there is some chance to have this EA compatible with the OPEN PRICE? just to speed up the execution of the backtest...

i hope to see a very good and profitable EA in the future...

best regard and good work.
Title: Re: Harmonics Trader EA
Post by: dkmillion on March 16, 2013, 11:38:22 AM
Walter do you have any Myfxbook records, I cannot see anything on your web site?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 16, 2013, 12:57:08 PM
hi Walter,

about the backtest... there is some chance to have this EA compatible with the OPEN PRICE? just to speed up the execution of the backtest...

i hope to see a very good and profitable EA in the future...

best regard and good work.
Since the patterns form with price action and entries  are set at percentages of the prz I think you will have unreliable results, so no it is not possible.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 16, 2013, 12:58:25 PM
Walter do you have any Myfxbook records, I cannot see anything on your web site?
They are right there on my front page.
Title: Re: Harmonics Trader EA
Post by: yamez on March 16, 2013, 02:40:14 PM
Walter do you have any Myfxbook records, I cannot see anything on your web site?

Quality posting from a "hero" member ???

Transparent myfxbooks, all over the place. Do you need a hand navigating a web page?

Maybe, if I can read your mind, are you referring to backtests?
Title: Re: Harmonics Trader EA
Post by: fxman on March 16, 2013, 10:04:23 PM
Hello,

since I was looking for alternatives to the very expensive Harmonic Auto Trader EA, I´ve found this one yesterday:

http://harmonicstrader.com/

It is based on ZUP indicator which many people do know. There is a "limitless" version which runs on any demo account for as long as you want, the full version has only to be purchased if running on a live account.

So I am running the EA now on all pairs on 4 Pepperstone demo accounts (4 timeframes) and will link those here soon so that you all can see how it goes.

For now there have been some small losses on 15m timeframe since of course I trade all pairs on the demo which are 50+ I believe and some exotic ones have very high spreads (+it´s hoidays and spreads are very high anyway) and hence trade unprofitable on the lower timeframes since targets are much smaller there. But in the longer run we can then see which pairs do well and on which TF and could then go live with those.

I´ve found some smaller bugs with the EA but am in contact with the author (from Belgium) who is very friendly and quick in responding and is going to fix the bugs + add some suggestions I gave for the functionality of the EA.

All in all this one looks very promising, especially since I don´t know about any other automated harmonic pattern trading EA expect Harmonic Auto Trader, which also doesn´t have as extensive exit management as this EA has (Takeprofit at Fibonacci / B-point-pattern-level, Trailing Stop, Break Even).

Let´s see how it goes.....

I am looking for a good EA. I know harmonic wave analysis is very effective in forex trading. It will be great if you share the myfxbook result of this EA. So that I can buy this EA.
Title: Re: Harmonics Trader EA
Post by: blamshakk on March 16, 2013, 11:03:27 PM
fxman, the author of the EA is very generous and you can try an unlimited demo for free from that website, its on the main page
Title: Re: Harmonics Trader EA
Post by: fxbabe on March 17, 2013, 09:05:48 AM
Hi, Walter and everyone, 

Thanks for improving this EA and seemed like it has potential with the limited backtest I done.  Here are my v2.7 demo along with set files.

http://www.myfxbook.com/members/fxbabe/hta27h1mo5urrtbet/514254
http://www.myfxbook.com/members/fxbabe/hta27h1mo5urrfbet/514256
http://www.myfxbook.com/members/fxbabe/hta27h4mo5urrtbet/514259


MO5  "NbrOfOrders= 5"
URRT  "Use_RiskReward = True"
URRF  "Use_RiskReward = False"
BET  "SetBreakEven = True"
BEF  "SetBreakEven = False"
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 17, 2013, 10:22:36 PM
Thanks for sharing fxbabe.
Already working on improving divergence filters.
They are a little to much forgiving at the moment.
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 18, 2013, 04:46:10 AM
Walter,

if i will set the SuppResFlter to WEAK=0 settings and a pattern appeared on a TURNCOAT, UNTESTED or VERFIED will the EA still trade?

thanks
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimage.org%2F5p64q740x%2FEAsettings.png&hash=19e0b33f3898d33b4dd80eb90a805051)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 18, 2013, 11:51:24 AM
Walter,

if i will set the SuppResFlter to WEAK=0 settings and a pattern appeared on a TURNCOAT, UNTESTED or VERFIED will the EA still trade?

thanks
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimage.org%2F5p64q740x%2FEAsettings.png&hash=19e0b33f3898d33b4dd80eb90a805051)

Yes it will.
It will trade whatever you set there and above.
Title: Re: Harmonics Trader EA
Post by: yamez on March 19, 2013, 02:51:22 PM
4 trade signals/entries from HarmonicsTrader EA so far this week all on M15. EURAUD long, GBPAUD short, GBPNZD short, all profitable to fib 38.2.

Using RR 1:2, Limit orders, max orders=2, PRZ 30% and 70%, Skip order, SupResFilter=True, PivSupRess Filter=True, BothSRconfirm=True, RSIDiv=True, OSMADiv=True, BothDivConfirm=False.

The EURAUD trade was not taken, limit order just missed, I may have to adjust the PRZ %, I still like to manually set the entries though, If I can.

I took GBPNZD live, TP @ fib 38.2, USDCHF just entered live, long. I'm experimenting with entries off the SHI channel ( solid green lines ).
Title: Re: Harmonics Trader EA
Post by: blamshakk on March 20, 2013, 11:50:01 PM
thats great yamez, please do keep us posted. can you share which pairs you are  demoing on the m15 timeframe? thanks
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 23, 2013, 03:15:06 AM
hello everyone
how is the performance test of your 2.7v?
istarted 10k demo account and its been consolidating between 9.5k and 10.5k

everything is good now with the EA the SL/TP/entry/exit rules/money management etc is really amazing. walter really did an amazing masterpiece in this EA. do you think we can still perfect and increase the success ratio of  this EA like what  harmonics technique success ratio should be 70-80% or more ?

im reading trading arsensal(korharmonics indi forum) and i found some interesting discussion that might help the EA to improve the filter & entries even more
APAMI indicator (http://"http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html") - It can give you the positive expectancy you need to trade pullbacks more successfully.
Harmonic Grid Trading - Volcano Setups (http://"http://tradingarsenal.com/trading-systems/526-harmonic-grid-trading-system-volcano-setup.html") -The very basic idea behind grid trading, is mostly to catch any retracement movement in price.
Harmonic Martingale Entries System (http://"http://tradingarsenal.com/trading-systems/530-harmonic-martingale-entries-system.html") -Martingale together with harmonic patterns can work very well, assuming, that most of harmonic traders are having about 40% win ratio. In the end, with this kind of position management, the only thing that matters, is your winning ratio.
Harmonic Grid Trading System - Directional Profits (http://"http://tradingarsenal.com/trading-systems/533-harmonic-grid-trading-system-directional-profits.html")-In this system, we will try to catch the market move, expecting, that it will go one direction without too many corrections. Actually, to earn the first profit, we want the price to go just one level in our side.
Harmonic Grid Trading System - Reversed Martingale (http://"http://tradingarsenal.com/trading-systems/536-harmonic-grid-trading-system-reversed-martingale.html")-
This time martingale would be applied not on every next harmonic pattern, but we will make multiple entries inside one harmonic.

what do you walter?

thanks
tankbeta
Title: Re: Harmonics Trader EA
Post by: yamez on March 25, 2013, 12:28:36 AM
thats great yamez, please do keep us posted. can you share which pairs you are  demoing on the m15 timeframe? thanks

I'm trading these currency pairs ( GBPNZD-,EURNZD-,GBPAUD-,GBPCAD-,GBPJPY-,GBPCHF-,CADJPY-,EURCAD-,EURAUD-,USDCHF-,GBPUSD-,EURJPY-,NZDJPY-,AUDCHF-,AUDJPY-,USDJPY-,EURUSD-,AUDNZD-,NZDUSD-,CHFJPY-,AUDCAD-,USDCAD-,AUDUSD-,EURCHF-,EURGBP- ) on my broker FX Primus ECN, 3 x DEMO accounts on M15, H1, H4. That is all my notebook can handle along with 2 live accounts. I may remove some of the the higher spread pairs.

Looking for patterns "bracketed" within a channel either on the same TF or higher. MTF channel lines intersecting at the PRZ make for good entries too. Example of USDJPY M15 Gartley in a down trend H4 SHI channel ( thick purple lines ). The SHI lines will repaint as PA "pushes" the line, so S/R zones are a must for confirmation.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 25, 2013, 01:29:41 AM
Almost finished on improving the divergence filter.
The ea will not only look IF there is a divergence, but also looks for a minimum slope difference.
In addition to looking for divergence on X-D,
it will also look for divergence on X-B and on X and a point closer than B.
I think I will leave the RSI part of the filter out in the next update.
In all the short tests I've done needed for developing I noticed that the OsMA is more reliable than the RSI.

I've also been watching that Sonic SHI Channel MTF indicator and I'm thinking of throwing that also in later.

You are right yamez, a good RR is key here.
Title: Re: Harmonics Trader EA
Post by: mauricejac on March 25, 2013, 08:46:07 PM
Hi, Walter.

is this test related to your EA?

http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo (http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo)

If yes, what about the order 4722139?

Thanks
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 26, 2013, 02:57:43 AM
Hi, Walter.

is this test related to your EA?

http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo (http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo)

If yes, what about the order 4722139?

Thanks
Yes, this is my EA.
Maybe tankbeta can shed some light on this while he posted his demo account there.
I have no explanation for that particular order unless it was a very very small PRZ where 5 full lots
would have only costed the risk % setting of the account if SL had been hit.
tankbeta.....?
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 26, 2013, 03:28:24 AM
Hi, Walter.

is this test related to your EA?

http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo (http://www.forexpeacearmy.com/metatrader_expert_advisor/harmonic_ea/demo)

If yes, what about the order 4722139?

Thanks
Yes, this is my EA.
Maybe tankbeta can shed some light on this while he posted his demo account there.
I have no explanation for that particular order unless it was a very very small PRZ where 5 full lots
would have only costed the risk % setting of the account if SL had been hit.
tankbeta.....?

yes. this was a wrong execution. i was manual entering orders with my brokers and accidentally included this demo test account
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 30, 2013, 10:34:27 PM
Hello everyone,

Here is the Easter bunny with HarmonicsTrader_v2.8 :)

You are going to like the new changes!

Here is what's New:
 
• The previous version only looked if there was divergence but now the slope difference is taken into account as well which greatly improves it's function.
The Divergence is now measured at three different places which are:
The slope difference of the line between point D-X, D-B, D and a point closer than B of the pattern and the slope of the line of these points on the OsMA indicator.
With the new parameter “DivStrength” we can set the Divergence strength from 1 to 7 where 1 is the least divergence needed (small slope difference) to allow trading and 7 is most divergence needed (big slope difference)  to allow trading. The RSIDivFilter is no longer used.

• A dynamic trailing stop. At each new bar the trailing stop decreases by 1%.  This is great when price is hesitating too long to shoot up or down and will prevent that the trade becomes a loosing trade. Watch it in action, you're gonna love it!

• The pending orders are only placed when the pattern stops repainting meaning that point D of the pattern will be at the previous bar. Also when the bar holding point D would close outside the PRZ, an order will still be triggered. This only applies to pending stop orders!

• This permits us running the EA in the strategy tester with the setting “Open prices only” which speeds up testing tremendously . With this setting the results will not be 100% accurate but will give us a good estimate of the performance.

• Changed default settings. The most important are: only one pending stop order but with a RR of 1:2, TP at 90% and trail 55%, ZUP settings to only trade the classical patterns.


I think that most users will agree with the philosophy behind those new default settings.
I could not believe my eyes when I ran this baby for the first time while developing!
Even on the lower TF's like M15 and even M5 (EU) it did great with “Open prices only” and even better when running it with "Every tick". I then took the worst month or two and further tweaked the EA's settings.
I also noticed that not every pair is suitable. I will further test and "cherry pick" the best pairs.
For now I will run it on EURUSD M15, H1 and H4 and then add some other pairs later.

Enjoy and Happy Easter!
Title: Re: Harmonics Trader EA
Post by: yamez on March 31, 2013, 06:40:57 AM
Thanks ( so quick! ) for version 2.8

I'll continue to see how useful the MTF SHI channel is for entries/confirmation/trend direction. Have been away most this week, so no screenshots of entries this week.

Could a screenshot option when a trade is taken be added to the next version? Would be useful for testing other PA based indicators like the SHI channel.

Also, the email alert is only when a pattern is detected? Would be better to send an email alert when a pattern and the filters that are enabled, are detected. This would be good for Semi-Auto mode.

Cheers,

yamez.
Title: Re: Harmonics Trader EA
Post by: iwillsurvive on March 31, 2013, 01:06:11 PM
Hi,

I have attached a backtest.

From 2001 to 2006. I initially wanted to do a 2001 to 2013, but it was taking too long, despite testing only 'open prices' (the current attached backtest already took 7 hours)

Title: Re: Harmonics Trader EA
Post by: tankbeta on April 01, 2013, 04:43:09 AM
how to fix this error?
Title: Re: Harmonics Trader EA
Post by: yamez on April 01, 2013, 05:51:47 AM
how to fix this error?

Is the file, HarmonicsTrader_v2.8.dll present in your metatrader /experts/libraries folder?

The installer will place the dll in the correct folder as long as you show the installer your Metatrader install path.

Have you checked the following from the manual?

Known Issues & Troubleshooting
• ‘Cannot load library 'HarmonicsTrader_v2.x.dll' error 126’ error.
Solution 1. Make sure your Operating System is up to date.
Solution 2. Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)
Solution 3. Close MT4 platform, temporarily turn of your anti virus, restart MT4 platform.
Solution 4. Install EA again but as "Administrator" --> right-click Setup_HarmonicsTrader_v2.2.exe -->
run as administrator
Solution 5. Run platform as "Administrator" --> Go to folder of MetaTrader platform --> right-click
terminal.exe --> run as administrator
Solution 6. Go to folder of MetaTrader platform and locate the HarmonicsTrader.dll file in the `experts /
libraries` folder using a file browser and right-click the icon. Select `Properties` from the context menu
and look for an `Unblock` button on the Properties dialog that will appear. If the button is visible, click
it, and then restart MetaTrader.
Solution 7. Try running it on a different Broker's platform.
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 01, 2013, 07:06:05 AM
how to fix this error?

Is the file, HarmonicsTrader_v2.8.dll present in your metatrader /experts/libraries folder?

The installer will place the dll in the correct folder as long as you show the installer your Metatrader install path.

Have you checked the following from the manual?

Known Issues & Troubleshooting
• ‘Cannot load library 'HarmonicsTrader_v2.x.dll' error 126’ error.
Solution 1. Make sure your Operating System is up to date.
Solution 2. Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)
Solution 3. Close MT4 platform, temporarily turn of your anti virus, restart MT4 platform.
Solution 4. Install EA again but as "Administrator" --> right-click Setup_HarmonicsTrader_v2.2.exe -->
run as administrator
Solution 5. Run platform as "Administrator" --> Go to folder of MetaTrader platform --> right-click
terminal.exe --> run as administrator
Solution 6. Go to folder of MetaTrader platform and locate the HarmonicsTrader.dll file in the `experts /
libraries` folder using a file browser and right-click the icon. Select `Properties` from the context menu
and look for an `Unblock` button on the Properties dialog that will appear. If the button is visible, click
it, and then restart MetaTrader.
Solution 7. Try running it on a different Broker's platform.

fix after Solution 2. Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)

thanks walter  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 01, 2013, 11:51:33 AM
how to fix this error?

Is the file, HarmonicsTrader_v2.8.dll present in your metatrader /experts/libraries folder?

The installer will place the dll in the correct folder as long as you show the installer your Metatrader install path.

Have you checked the following from the manual?

Known Issues & Troubleshooting
• ‘Cannot load library 'HarmonicsTrader_v2.x.dll' error 126’ error.
Solution 1. Make sure your Operating System is up to date.
Solution 2. Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)
Solution 3. Close MT4 platform, temporarily turn of your anti virus, restart MT4 platform.
Solution 4. Install EA again but as "Administrator" --> right-click Setup_HarmonicsTrader_v2.2.exe -->
run as administrator
Solution 5. Run platform as "Administrator" --> Go to folder of MetaTrader platform --> right-click
terminal.exe --> run as administrator
Solution 6. Go to folder of MetaTrader platform and locate the HarmonicsTrader.dll file in the `experts /
libraries` folder using a file browser and right-click the icon. Select `Properties` from the context menu
and look for an `Unblock` button on the Properties dialog that will appear. If the button is visible, click
it, and then restart MetaTrader.
Solution 7. Try running it on a different Broker's platform.

fix after Solution 2. Download and install the Microsoft Visual C++ 2010 Redistributable Package (x86)

thanks walter  :)
Maybe I should include that visual c++ file in the installation, I've seen other EA's do that.
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 02, 2013, 03:39:15 PM
(https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/534092_10200683024338589_2119016886_n.jpg)

Backteting 2001 to 2012
now at year 2004
SO FAR SO BETTER NOW!  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 02, 2013, 05:31:04 PM
(https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/534092_10200683024338589_2119016886_n.jpg)

Backteting 2001 to 2012
now at year 2004
SO FAR SO BETTER NOW!  :)
Going nice  ;D
Is this EURUSD M15 default settings?
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 03, 2013, 03:30:32 AM
(https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/534092_10200683024338589_2119016886_n.jpg)

Backteting 2001 to 2012
now at year 2004
SO FAR SO BETTER NOW!  :)
Going nice  ;D
Is this EURUSD M15 default settings?

EU h1 default settings. 24hours of backtesting now :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 04, 2013, 12:26:51 PM
V2.8 took a beating last night on my demo account, bad start :(
Have set Risk to 1% on all charts now and switched on the ATR and Hurst filters.
Had I turned on the ATR filter from the start I would have had no loss!

Put it on live account as well, only EURUSD M15 same settings as above.
Title: Re: Harmonics Trader EA
Post by: atomico on April 04, 2013, 04:19:09 PM
(https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/534092_10200683024338589_2119016886_n.jpg)

Backteting 2001 to 2012
now at year 2004
SO FAR SO BETTER NOW!  :)

hi tankbeta,

you are using EVERY TICK mode for backtest?
Title: Re: Harmonics Trader EA
Post by: fxbabe on April 05, 2013, 12:21:30 AM
Thanks Walter for the latest v2.8 and my forward test http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)

Beside this I also testing 3 demos on v2.6.  btw, zup111 on v2.6 seemed to kept surprising me.

http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907)
http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689)
http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701 (http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701)
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 05, 2013, 01:29:37 AM
(https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/534092_10200683024338589_2119016886_n.jpg)

Backteting 2001 to 2012
now at year 2004
SO FAR SO BETTER NOW!  :)

hi tankbeta,

you are using EVERY TICK mode for backtest?

OPEN PRICE.

just an update with my 2001 to 2013 backtest
 after 4 days of backtesting my pc got shutdown by someone and im at year 2009 already  :'(
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 05, 2013, 10:27:37 AM
Thanks Walter for the latest v2.8 and my forward test http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)

Beside this I also testing 3 demos on v2.6.  btw, zup111 on v2.6 seemed to kept surprising me.

http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907)
http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689)
http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701 (http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701)

Nice results fxbabe!   ;D Makes me kinda proud  :)
Do you think zup111 is better? What are the settings in that zup (same parameters as in v2.7 v2.8 )?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 05, 2013, 10:35:40 AM

OPEN PRICE.

just an update with my 2001 to 2013 backtest
 after 4 days of backtesting my pc got shutdown by someone and im at year 2009 already  :'(

Happens to me all the time.  >:(
I'm on a VPS (Thrust vps) and they really suck.
Very unstable. I have to reboot almost every week.
I will be setting up a server at home so I have full control over it myself.
I found these nice computers:
http://www.shuttleshop.nl/complete-systemen/passieve-systemen-compleet (http://www.shuttleshop.nl/complete-systemen/passieve-systemen-compleet)
Title: Re: Harmonics Trader EA
Post by: fxbabe on April 05, 2013, 11:25:35 PM
Thanks Walter for the latest v2.8 and my forward test http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)

Beside this I also testing 3 demos on v2.6.  btw, zup111 on v2.6 seemed to kept surprising me.

http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup111/492907)
http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689 (http://www.myfxbook.com/members/fxbabe/hta26h1mo5urrtbetzup000/480689)
http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701 (http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701)

Nice results fxbabe!   ;D Makes me kinda proud  :)
Do you think zup111 is better? What are the settings in that zup (same parameters as in v2.7 v2.8 )?

Zup111 above uses the indicator "ZUP_V120 NEN STAR" and the setting is 111101111000000000000111.  (see more detail here http://www.donnaforex.com/forum/index.php?topic=9086.msg242082#msg242082 (http://www.donnaforex.com/forum/index.php?topic=9086.msg242082#msg242082))

From what I seen so far zup111 is probably slightly better than zup000 although it is very close.  % wise it is more profitable but also dd so it is very close although I like the equity curve of zup111 better.  The engine v2.6 also made a diff.  I tried running it for a while same indicator setting with v2.4 with negative result.  As for v2.7 and v2.8, I haven't done any of these test yet so not sure how it would turn out. 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 06, 2013, 02:46:38 AM
Ah ok, I forgot about that post. That's why I didn't find a zup111  :-[

The "111" trades 5 more patterns, that's why the equity curve is more erratic.
For who's interested and as a reminder here is the list again:
-- > 1-Gartley
-- > 2-Bat
-- > 3-Shark 2
-- >4-Nen STAR
 5-TOTAL 1
-- > 6-Butterfly
-- > 7-Crab
-- > 8-Shark 1
-- >9-CYPHER
 10-TOTAL 2
 11-A Butterfly
 12-A Crab
 13-A Shark 1
 14-A CYPHER
 15-TOTAL 3
 16-A Gartley
 17-A Bat
 18-A Shark 2
 19-A Nen STAR
 20-TOTAL 4
 21-TOTAL
-- >22-max Gartley
-- >23-max Bat
-- >24-max Butterfly
111101111000000000000111

Version 2.8 which still uses the ZUP_v120 NEN STAR (HT2.7) is set default
to only the classical patterns which are 1-2-6-7-22-23-24 in the above list and to do so
the parameter "SelectPattern" is set to "1" (so the series 0's and 1's are ignored)
SelectPattern:
0-search of all patterns
 1-search of only classical patterns - Gartley, Butterfly, Bat, Crab, except TOTAL
 2-search of classical and anti-classical patterns, except TOTAL
 3-search of exotic patterns, except TOTAL
 4-search only anti-patterns, except TOTAL
 5-search of all patterns, except TOTAL
 6-search only TOTAL
 7-any choice of five-dot patterns for search by means of the visiblePattern parameter
 8-search of five-dot patterns is disconnected

I have done back tests (v2.8 ) with SelectPattern to 5.
The results were still positive but the equity curve was even more erratic as expected.

Every next version of HarmonicsTrader is better, that's why you had negative results with that zup setting with v2.4.
The divergence filter is the best update by far and is doing a really good job filtering out bad patterns but unfortunately at the cost of also filtering out some good ones as well.
Better no trade than a bad trade, isn't it.  ;)
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 09, 2013, 05:33:40 AM
Backtest result
Openprice
Default Settings
HT 2.8 H4

EURUSD PAIR

2001-2013
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fjldwiu934%2Fht_28perf2.jpg&hash=208fa7eaefbcd03a432c23161e710def)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fbh5se3mo0%2FHT2_8perf.jpg&hash=fff7a7ab01e28ba13e4c75e81ce8c918)
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 09, 2013, 08:56:39 AM
Backtest result
Openprice
Default Settings
HT 2.8 H4

EURUSD PAIR

2001-2013
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fjldwiu934%2Fht_28perf2.jpg&hash=208fa7eaefbcd03a432c23161e710def)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fbh5se3mo0%2FHT2_8perf.jpg&hash=fff7a7ab01e28ba13e4c75e81ce8c918)

Sorry cannot see/read your results
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 10, 2013, 08:54:12 AM
Hi Walter,

Forward testing v2.8 have a number of pairs open on M15 TF using Limit orders and only using divergence filter set to 5 (no other filters being enabled)

Had a Bearish AB= CD pettern on GJ points BD looked quite flat, so did not expect EA to take the trade (with Divergence Strength 5 being used), but it did 4 times for the same pattern, first 3 times trade went into profit and TSL was hit 4th time main SL was hit.

It would be good if the EA would only trade the same pattern once and if a TSL is hit then close all other pending order that did not yet get triggered for that pattern 

Regards

RT
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 10, 2013, 09:56:10 AM
I have attached 2 charts one with multiple patterns and parameter GartleyTypeSearch = 1 the other chart shows 1 pattern with GartleyTypeSearch = 0.

With the multiple pattern chart the last pattern shown is a Bear max Butterfly, but the single pattern chart only as a pattern that occurred some time before the Bear max Butterfly and is now out of the PRZ box, thus not valid.

My question to anyone is how can I get the EA to display the patterns found by the multi setting, but just show one pattern at a time?

Regards

RT 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 10, 2013, 02:52:24 PM
I have attached 2 charts one with multiple patterns and parameter GartleyTypeSearch = 1 the other chart shows 1 pattern with GartleyTypeSearch = 0.

With the multiple pattern chart the last pattern shown is a Bear max Butterfly, but the single pattern chart only as a pattern that occurred some time before the Bear max Butterfly and is now out of the PRZ box, thus not valid.

My question to anyone is how can I get the EA to display the patterns found by the multi setting, but just show one pattern at a time?

Regards

RT
ExtGartleyTypeSearch    = 0 (one pattern at the time)

set DirectionOfSearchMaxMin to false - sets the direction of the search:
False - from minDepth to maxDepth
True - from maxDepth to minDepth
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 10, 2013, 03:11:00 PM
Hi Walter,

Forward testing v2.8 have a number of pairs open on M15 TF using Limit orders and only using divergence filter set to 5 (no other filters being enabled)

Had a Bearish AB= CD pettern on GJ points BD looked quite flat, so did not expect EA to take the trade (with Divergence Strength 5 being used), but it did 4 times for the same pattern, first 3 times trade went into profit and TSL was hit 4th time main SL was hit.

It would be good if the EA would only trade the same pattern once and if a TSL is hit then close all other pending order that did not yet get triggered for that pattern 

Regards

RT

If there is a divergence on D-X or D-B or D and some high/low between D and B, divergence filter is green (trade ok).

Closing pendings or not open new trades on the same pattern when a trailing SL is hit is a knife that cuts both ways.
Have a look at the trade on my front page or see image.
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 10, 2013, 03:44:45 PM
Hi Walter,

Forward testing v2.8 have a number of pairs open on M15 TF using Limit orders and only using divergence filter set to 5 (no other filters being enabled)

Had a Bearish AB= CD pettern on GJ points BD looked quite flat, so did not expect EA to take the trade (with Divergence Strength 5 being used), but it did 4 times for the same pattern, first 3 times trade went into profit and TSL was hit 4th time main SL was hit.

It would be good if the EA would only trade the same pattern once and if a TSL is hit then close all other pending order that did not yet get triggered for that pattern 

Regards

RT

If there is a divergence on D-X or D-B or D and some high/low between D and B, divergence filter is green (trade ok).

Closing pendings or not open new trades on the same pattern when a trailing SL is hit is a knife that cuts both ways.
Have a look at the trade on my front page or see image.


Well my view is there is always another trade and setup, so if a trade starts to go in the right direction but then gets stopped out for a small profit great lets take the money stop and look for the next setup.

This is because the longer the market consolidates with a Zig Zag PA movement (any longer than say 5 to 7 candles) it is more than likely forming a Flag for a further move in the direction of the trend and is not ready to correct yet, so it is better to be out looking for another level to attack.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 10, 2013, 03:58:19 PM
Is this your experience as a full time trader?
Does price indeed continue after consolidating or is this a sign that reversal is to be expected?
Either way it is worth having a closer look at.

This very thing is happening right now with CHFJPY M15.
Let's see what will happen there.
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 11, 2013, 01:13:18 AM
Is this your experience as a full time trader?
Does price indeed continue after consolidating or is this a sign that reversal is to be expected?
Either way it is worth having a closer look at.

On the Small TF's you are looking for the pattern to do the job within a few candles because on these TF's we will get a lot more trade between known and respected major S&R levels, so we really rely more on the impulse movement of price and these patterns giving us a good entry with divergence. Therefore the longer they consolidate and do not correct when they are forming between major S&R levels they are more likely to form a flag and then continue to test the next major S&R
 
This very thing is happening right now with CHFJPY M15.
Let's see what will happen there.

Because of my time zone, (only just returning to my computer)  I am not sure which pattern you are referring to.
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 11, 2013, 01:29:39 AM
I have attached 2 charts one with multiple patterns and parameter GartleyTypeSearch = 1 the other chart shows 1 pattern with GartleyTypeSearch = 0.

With the multiple pattern chart the last pattern shown is a Bear max Butterfly, but the single pattern chart only as a pattern that occurred some time before the Bear max Butterfly and is now out of the PRZ box, thus not valid.

My question to anyone is how can I get the EA to display the patterns found by the multi setting, but just show one pattern at a time?

Regards

RT
ExtGartleyTypeSearch    = 0 (one pattern at the time)

set DirectionOfSearchMaxMin to false - sets the direction of the search:
False - from minDepth to maxDepth
True - from maxDepth to minDepth

Thanks Walter,

I have looked at the parameters within v2.8 and cannot find the ones you have asked me to change regarding Depth. There are two parameter which are set to the following default values maxDepth = 55 and minDepth = 5.

Are you suggesting not to use the auto load function and load any ZUP, making these changes to the ZUP indicator?

Regards

RT
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 11, 2013, 02:05:06 AM
I have attached 2 charts one with multiple patterns and parameter GartleyTypeSearch = 1 the other chart shows 1 pattern with GartleyTypeSearch = 0.

With the multiple pattern chart the last pattern shown is a Bear max Butterfly, but the single pattern chart only as a pattern that occurred some time before the Bear max Butterfly and is now out of the PRZ box, thus not valid.

My question to anyone is how can I get the EA to display the patterns found by the multi setting, but just show one pattern at a time?

Regards

RT
ExtGartleyTypeSearch    = 0 (one pattern at the time)

set DirectionOfSearchMaxMin to false - sets the direction of the search:
False - from minDepth to maxDepth
True - from maxDepth to minDepth

Thanks Walter,

I have looked at the parameters within v2.8 and cannot find the ones you have asked me to change regarding Depth. There are two parameter which are set to the following default values maxDepth = 55 and minDepth = 5.

Are you suggesting not to use the auto load function and load any ZUP, making these changes to the ZUP indicator?

Regards

RT
Yes, disable auto load and load any other zup. I forgot to mention that, sorry.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 11, 2013, 04:48:13 PM
Is this your experience as a full time trader?
Does price indeed continue after consolidating or is this a sign that reversal is to be expected?
Either way it is worth having a closer look at.

On the Small TF's you are looking for the pattern to do the job within a few candles because on these TF's we will get a lot more trade between known and respected major S&R levels, so we really rely more on the impulse movement of price and these patterns giving us a good entry with divergence. Therefore the longer they consolidate and do not correct when they are forming between major S&R levels they are more likely to form a flag and then continue to test the next major S&R
 
This very thing is happening right now with CHFJPY M15.
Let's see what will happen there.

Because of my time zone, (only just returning to my computer)  I am not sure which pattern you are referring to.
I forgot to mention but there is also the expiration time on each order which is twice the width of the PRZ.
So if price doesn't go in our direction fast enough, all pendings will be deleted.
Title: Re: Harmonics Trader EA
Post by: yamez on April 12, 2013, 06:40:52 AM
Quote
I forgot to mention but there is also the expiration time on each order which is twice the width of the PRZ.
So if price doesn't go in our direction fast enough, all pendings will be deleted.

Has this always been the case in every version of Harmonic Trader?

The PRZ can take some time, retesting levels, AUDCAD H1 is a good example, retested off a SuppRes zone.
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 12, 2013, 10:02:28 AM
Thanks for sharing Yamez!
I will give those indicators a try for sure.

Have you compared this S&R indi with mine?

I have mainly been manually trading so have not made thorough comparisons with your EA and S/R. The Sup/Dem zones are less frequent than the pivots and visually make more sense to me because they are based on historical PA. From what I have read these past few weeks, most harmonic traders use them too. I've used the indicator II_SupDem before but I think this one is better since it does a retest count and does not delete broken zones straight away. Using TrueTL has given me an extra level of conformation and makes for great entry points in the PRZ by letting the price come to the TL for entry, so as to not "force" a trade.

To read more on this S/R ( Sup/Dem ) indicator see here, http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514 (http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=27&t=514)

Place the indicator on a chart with several ghost patterns from this week and see how well it filters. Best on H1, H4 from my testing so far. The indicator can show HTF zones on LTF chart patterns as well. Going to try that on M15 and M30 next week.

Cheers..

Hi yamez

i would like to ask what version of TrueTL are you using? i tried this indi a while ago after seeing your reply here but i think i have downloaded old version of trueTL.. 
anyway it  looks good its gives you more precise entry and extra power in filtering patterns like in GU ... may i also ask how do you use it?

Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 12, 2013, 03:30:31 PM
Quote
I forgot to mention but there is also the expiration time on each order which is twice the width of the PRZ.
So if price doesn't go in our direction fast enough, all pendings will be deleted.

Has this always been the case in every version of Harmonic Trader?

The PRZ can take some time, retesting levels, AUDCAD H1 is a good example, retested off a SuppRes zone.
HarmonicsTrader version 2.5 and up have this.
Title: Re: Harmonics Trader EA
Post by: petersurrey on April 14, 2013, 12:43:42 PM
HI Walter - my view of any mechanical system, such a pattern recognition, is that IF it really works you should be able to automate it, as you are obviously succeeding in doing so transparently, compared to other sites.The latest divergence filter appears to working well in limiting trades  - hopefully, as you highlight, not so drastically, to the detriment of possible profit. One thing I have noticed is that in almost all trials the pip count is good (150 pips per month from your own myfxbook for the last 2,5 months, assuming single entries), but not the %; suggesting that some entries are risking too little compared to others? One example was the recent JPY re rating which resulted in some quite large JPY stops outs; but the one trade which ran for a huge pip win was the smallest % risk...which IF had been at the same risk would have balanced most of the losses..I am aware we have the choice of lots vs %  - just a thought..
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 15, 2013, 02:38:06 AM
Hi Peter,

Yes, I like to keep things transparent and honest which is probably to the detriment of my possible profit  :D

My forward test of v2.8 got a major beating by the JPY pairs.
But that's what those tests are about, to see and proof why some pairs and TF's are momentarily doing bad. I have even added 13 pairs on the M5 TF.  ???
Risky? I'don't know. Let's wait and see. Those patterns should work on any time frame, isn't it.

Actually the risk is the same on all trades, but you are right about that it isn't pip-wise.
One solution can indeed be to switch to lots.
Another solution would be to integrate again the calculated lot size like it was in HarmonicsTrader version 2.1, in addition to the settings we have now.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 15, 2013, 08:37:33 PM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!
Title: Re: Harmonics Trader EA
Post by: BBrewer on April 15, 2013, 09:15:54 PM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!

Hi Walter, any particular settings you are using other than the default v2.8?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 16, 2013, 12:35:59 AM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!

Hi Walter, any particular settings you are using other than the default v2.8?
v2.8 with default settings except Risk 1% (because many pairs), ATR filter and Hurst filter ON.
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 16, 2013, 02:18:25 AM
Hi walter.

is it possible to set the EA to take profit at  38.2 and 61.8 only? how?
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 16, 2013, 04:09:52 AM
ok so i was able to set it by myself

i tried backtesting in M5 tf with Take Profit at 38.2 and 61.8, all filters true
Feb to april 2013

here is the good result

Title: Re: Harmonics Trader EA
Post by: yamez on April 16, 2013, 08:58:40 AM
Quote

Hi yamez

i would like to ask what version of TrueTL are you using? i tried this indi a while ago after seeing your reply here but i think i have downloaded old version of trueTL.. 
anyway it  looks good its gives you more precise entry and extra power in filtering patterns like in GU ... may i also ask how do you use it?

TrueTL is a commercial Indicator. I tried TrueTL for 1 month by paying $10.00 for the month. You may have used a hacked, older version.

I find touches/bounces off the Sonic SHI MTF channel (next time frame up), in the direction of the trend, to be just as useful for testing.
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 16, 2013, 10:02:12 AM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!


Maybe your divergence setting are correct for M5 TF
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 16, 2013, 12:15:45 PM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!


Maybe your divergence setting are correct for M5 TF
They should be correct for all time frames but divergence seems to have the most effect on lower TF's.
Title: Re: Harmonics Trader EA
Post by: yamez on April 16, 2013, 01:32:26 PM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!


Maybe your divergence setting are correct for M5 TF

This coming from a H4, D1, no stop loss trader. Hedge when need be..
Title: Re: Harmonics Trader EA
Post by: Robot trader on April 17, 2013, 04:44:24 AM
The M5 Time Frame gained almost 11% today  :)
17 trades among 13 low spread pairs.
Check it out!


Maybe your divergence setting are correct for M5 TF
They should be correct for all time frames but divergence seems to have the most effect on lower TF's.

On larger TF's divergence builds over a longer period of time, which means there are lots of levels to attack while the divergence is building, because we never no which level the market will correct from.

The Harmonic patterns pin point a range within the PRZ to attack that divergence, but the range is limited compared to the TF where the divergence is building.

With your M5 results the Harmonic patterns will be many, however these numbers will be reduced by the EA using the divergence filter. So with the divergence forming within a small TF the range within the PRZ is more realistic from a point of view of attacking that divergence using the Harmonic pattern to pin point the EP.

That is why I think for the higher TF's the AB=CD family of pattern ratios approach might work better, if the first AB=CD pattern fails and another is formed for the same divergence (which is still building) then the second AB=CD pattern (within the AB=CD family group) is where you attack the market again and you continue to use the AB=CD patterns to attack the divergence from different levels while ever the divergence is valid.
Title: Re: Harmonics Trader EA
Post by: petersurrey on April 17, 2013, 07:20:02 AM
Hi Walter - do the single trade lot entries use the same MM as % risk entries? I have had a GBP trade shoot to +100 pips and back again with no partial tp, b/e etc as yet...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 17, 2013, 02:06:05 PM
Hi Walter - do the single trade lot entries use the same MM as % risk entries? I have had a GBP trade shoot to +100 pips and back again with no partial tp, b/e etc as yet...
Yes.
There is no partial tp. Trailing is as you set it.
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 17, 2013, 04:42:54 PM
hi everyone

i test the HT2.8 again in M5 eurusd with
this settings
Buy stop = 1
max orders = 5
risk 1
TP1=38.2
tp2=50
tp3=61.8
tp4=78.6
tp5=100
all filters = except ATR & hurst

i cant believe with the results
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 17, 2013, 05:07:30 PM
Nice  :)

"Buy stop = 1" meaning pending limit orders?
Title: Re: Harmonics Trader EA
Post by: tankbeta on April 18, 2013, 02:23:51 AM
Nice  :)

"Buy stop = 1" meaning pending limit orders?

i mean im using buy stop orders = 0

i did another 2 months BT in m5 EU
with this settings
this settings
Buy stop orders
max orders = 2
risk 1
TP1=38.2
tp2=50
all filters TRUE = except ATR & hurst

and i got higher winning percentage (45.16%)and much better profit($97.82) but low in pips (64.9pips)comparing to the first test.

i will start BT with 6 months and 1 year in EU and also a forward test with the settings above http://www.myfxbook.com/members/tankbeta/harmonics-trader-28v-m5/544340 (http://www.myfxbook.com/members/tankbeta/harmonics-trader-28v-m5/544340)
Title: Error Statergy Tester
Post by: Lozang on April 25, 2013, 06:20:05 AM
Hi.  I downloaded v2.8 and can't get the Stratergy Tester to work.  It says on visual mode "Critical error.  EA not working! see Experts Tab for details" and the Journal says "Alert: Please Check "Allow DLL imports". Expert cannot run."

Can't find how to allow DLL imports in Stratergy Tester?  Please help.
Title: Re: Harmonics Trader EA
Post by: Robot trader on May 03, 2013, 07:43:55 AM
Hi.  I downloaded v2.8 and can't get the Stratergy Tester to work.  It says on visual mode "Critical error.  EA not working! see Experts Tab for details" and the Journal says "Alert: Please Check "Allow DLL imports". Expert cannot run."

Can't find how to allow DLL imports in Stratergy Tester?  Please help.

Click Tools/options/ExpertAdvisors and the tick all boxes to the left, Allow DLL imports is one of them
Title: Re: Harmonics Trader EA
Post by: yamez on May 06, 2013, 03:13:09 PM
Looking at fxbabe's H4 Harmonics Trader EA version 2.6 results ( _http://www.myfxbook.com/members/fxbabe/hta26h4mo5urrtbetzup000/480701 ), they would benefit even more with a trend filter. Walter mentioned that he had a trend filter.

I have been using the SHI MTF channel for trend but been too busy to take manual/semi-auto harmonics trades so thought of an idea to use the daily bias of a pair and set Harmonics Trader EA version 2.8 to trade either long, short or both ways (range). The settings for trend and range would be different though, range being more conservative. Do this for each pair you want to trade then leave be. Should only take 15 to 20 minutes per day, for 24 pairs.

In a trend I'll use pivots, spread, ATR, risk reward 1:2 for filters, in a range (conservative) use both S/R and pivots, spread, ATR, risk reward 1:2 for filters. I'm not going to use divergence, I don't want to use too many filters. I'll trade H1 and H4.

The million pip question... How to determine trend or range? I'm going to borrow from nanningbob's 10.2 system and use pivots, ( _http://www.stevehopwoodforex.com/phpBB3/viewforum.php?f=38 ). His 10.4 system looks interesting too.

Put the DWM pivot indy that comes with Harmonics Trader on a daily chart. To my knowledge this indy does not repaint the past. Magenta line is the monthly pivot, yellow line the weekly pivot. When price closes above the weekly line and the weekly line is above monthly, switch to long trading only. Opposite for short. If price closes between the weekly and monthly, switch to range (conservative) trading or stop trading for that pair. If price closes above/below monthly and monthly above/below weekly, switch to range (conservative) trading or stop trading for that pair.

Checking the daily charts also give you other clues too, pinbars, engulfing bars, S/R, Fibonacci patterns, to determine bias.

Just some ideas, have a play, spark some of your own ideas and share..  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 07, 2013, 08:35:15 PM
Nice to see that you are still looking for ways to improve.
I think that you are right about using too many filters, at least some of the time.
On my demo setup with 52 charts and 4 different TF s it didn't take a single trade for days now and if I look at the patterns it would have done rather good if I had turned all filters off. But then again... next week I probably will have to turn them back on because now it is taking those bad trades.... ::)
All we can do is use that setup which proved to be good in back testing (or long enough forward testing).
The default settings of v2.8 were tested on EURUSD M15 2011 and were in a nice profit.

For trend or range you could use the standard ADX indi.
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 11, 2013, 05:58:11 PM
right now im demo testing this EA using semi manual mode ..the bot helps me identify the patterns avaiable in all 40+ currencies without looking one by one and what i do is i just filter GOOD patterns and i just let the bot do the trading(less the computation)...anway im still looking forward for newer and better version of this bot :) goodluck to walter

thanks

tankbeta
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 11, 2013, 06:59:18 PM
right now im demo testing this EA using semi manual mode ..the bot helps me identify the patterns avaiable in all 40+ currencies without looking one by one and what i do is i just filter GOOD patterns and i just let the bot do the trading(less the computation)...anway im still looking forward for newer and better version of this bot :) goodluck to walter

thanks

tankbeta
Glad to hear that someone is using this very nice feature  :)

I have been busy coding a few other EA's and one of them is doing quite nice but still needs some tweaking.
This gave me new ideas for HarmonicsTrader as well and I will start coding and testing them shortly.

I have also done some more back testing with the "tick data suite" on EURUSD 2011 and I have one good setting already (see attachments) and just started the same test with one changed parameter to see if it improves even more. (will finish in a couple of days)
Title: Re: Harmonics Trader EA
Post by: fxbabe on May 15, 2013, 04:15:41 AM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money. 
Title: Re: Harmonics Trader EA
Post by: felipebr on May 15, 2013, 11:14:14 AM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money.

Hi fxbabe, are you using default settings for v2.8 ?

Thanks
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 15, 2013, 01:29:18 PM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money.

Hi fxbabe, are you using default settings for v2.8 ?

Thanks

and what pairs?  :)
Title: Re: Harmonics Trader EA
Post by: fxbabe on May 15, 2013, 08:11:39 PM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money.

Hi fxbabe, are you using default settings for v2.8 ?

Thanks

@felipebr
Setting attached.

@tankbeta,
I just randonly selected as many pair on TW nothing special
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY 

Title: Re: Harmonics Trader EA
Post by: felipebr on May 15, 2013, 08:34:46 PM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money.

Hi fxbabe, are you using default settings for v2.8 ?

Thanks

@felipebr
Setting attached.

@tankbeta,
I just randonly selected as many pair on TW nothing special
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY


Did you tweak the settings ? How you choosed the filters ?

Thank you
Title: Re: Harmonics Trader EA
Post by: fxbabe on May 15, 2013, 09:32:41 PM
Hi, Walter and everyone,

May be it's time to give an update.  After all these months of testing, I am finally going to retire v2.6 both H1 and H4 because they have melted down in this current market condition.  However, v2.8 H1 http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) seemed to have potential so I will continue to test it further.  Let's see if it continue to make money.

Hi fxbabe, are you using default settings for v2.8 ?

Thanks

@felipebr
Setting attached.

@tankbeta,
I just randonly selected as many pair on TW nothing special
AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD EURCAD, EURCHF, EURGBP, EURJPY EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY


Did you tweak the settings ? How you choosed the filters ?

Thank you

I just change the risk setting to false and change lotsize from 0.01 to 0.1 and that it because I don't like the mm part so much.  I didn't tweak with any filters but left them as default because I did some backtest on EU and find the default setting is profitable so I just left them alone and applied to as many pairs to see how it performs and so far it seemed ok. 
Title: Re: Harmonics Trader EA
Post by: atomico on May 16, 2013, 06:14:06 PM
you have backtest these setting?

can you show your result?

i am test your posted set on ALPARI RU_NZ on EURUSD, from january 2013 to this month... very slow execution...
i am using tick by tick (no dukascopy data)
Title: Re: Harmonics Trader EA, you have backtest these setting?
Post by: yamez on May 17, 2013, 06:44:28 PM
> you have back test these setting?

Hi,

Has already been explained, in this thread, why there is as slow back test.

Do your home work. Pay attention.

Cheers.

Yamez.
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 22, 2013, 02:56:58 AM
using Walter's set file
M15 tf

http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810 (http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 22, 2013, 11:08:07 AM
using Walter's set file
M15 tf

http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810 (http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810)
Nice  ;D keep going!

I have changed 2 parameters since.
Open at 30% and trail 70%. Not bad either.

You may want to change the Myfxbook name of the EA to Harmonics Trader (with an S). Just to avoid confusion with the harmonic trader web site of Scott Carney.
Title: Re: Harmonics Trader EA
Post by: blamshakk on May 23, 2013, 01:44:23 AM
hi walther

can you please post your setfile with the latest mods, open at 30% and 70% trailing ?

would be great
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 23, 2013, 03:50:16 AM
using Walter's set file
M15 tf

http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810 (http://www.myfxbook.com/members/tankbeta/harmonic-trader-m15/578810)
Nice  ;D keep going!

I have changed 2 parameters since.
Open at 30% and trail 70%. Not bad either.

You may want to change the Myfxbook name of the EA to Harmonics Trader (with an S). Just to avoid confusion with the harmonic trader web site of Scott Carney.


done. are there any updates for the next version of HT?  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 24, 2013, 03:23:00 PM
hi walther

can you please post your setfile with the latest mods, open at 30% and 70% trailing ?

would be great
Been a rough week ::)  . Up over 10% on many occasions and then turning in to a loss.
But what else would you expect with 52 charts on 4 different TF's  :P
I've very often been tempted to interfere and close the basket, but for testing purposes and to stay honest about the results, I didn't.
Will do some analyzing on this demo account next week.
And then probably switch to just 1 TF (I'm thinking of M30) and start over.
Profit taking needs some work.

Here's the set file.
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 25, 2013, 03:12:45 AM
hi walther

can you please post your setfile with the latest mods, open at 30% and 70% trailing ?

would be great
Been a rough week ::)  . Up over 10% on many occasions and then turning in to a loss.
But what else would you expect with 52 charts on 4 different TF's  :P
I've very often been tempted to interfere and close the basket, but for testing purposes and to stay honest about the results, I didn't.
Will do some analyzing on this demo account next week.
And then probably switch to just 1 TF (I'm thinking of M30) and start over.
Profit taking needs some work.

Here's the set file.

walter

do you also test HT with exotic pairs? like USDPLN USDTRY USDHUF and other pairs  with big spreads and also gold.
if yes i suggest remove them and stick with major pairs only. i tried testing HT with this pairs and   the spread was to high and the R:R is that good with this pairs.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 25, 2013, 01:20:49 PM
walter

do you also test HT with exotic pairs? like USDPLN USDTRY USDHUF and other pairs  with big spreads and also gold.
if yes i suggest remove them and stick with major pairs only. i tried testing HT with this pairs and   the spread was to high and the R:R is that good with this pairs.
[/quote]
No, only the majors with the lowest spread.
Title: Re: Harmonics Trader EA
Post by: bgood on May 25, 2013, 03:24:29 PM
Walter

Do I put the set file into the experts--preset file?
Title: Re: Harmonics Trader EA
Post by: Bigsteve on May 25, 2013, 08:11:52 PM
Walter

Do I put the set file into the experts--preset file?Hi good I am not  a Harmonics user, but yes that is where a set file will go.
[/quote
Title: Re: Harmonics Trader EA
Post by: bgood on May 25, 2013, 08:25:36 PM
Thank you.
Title: Re: Harmonics Trader EA
Post by: trader82 on June 02, 2013, 04:33:56 AM
Walter,
I noticed that ZUP135 has come out. I was reading your posts and you mentioned that the system uses ZUP 120, any suggestion on if we should try it out with the new version.
Personally I am very excited to demo test your EA. I just found it on Friday, so I got it set up and ready to fire Monday.
Title: Re: Harmonics Trader EA
Post by: trader82 on June 03, 2013, 02:37:52 AM
I got an error on my charts (its attached)
please let me know how to fix it
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 05, 2013, 07:07:16 PM
Walter,
I noticed that ZUP135 has come out. I was reading your posts and you mentioned that the system uses ZUP 120, any suggestion on if we should try it out with the new version.
Personally I am very excited to demo test your EA. I just found it on Friday, so I got it set up and ready to fire Monday.
By all means, you can test it with any zup.
Set AutoLoadZUP to false and drag your zup on the chart.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 05, 2013, 07:09:16 PM
I got an error on my charts (its attached)
please let me know how to fix it
Since I didn't hear from you again after you e-mailed me I suppose this problem is solved?
Title: Re: Harmonics Trader EA
Post by: tankbeta on June 12, 2013, 03:05:25 AM
hello walter

is it possible to include candle stick patterns in confirming the pattern?
Title: Re: Harmonics Trader EA
Post by: fxbabe on June 12, 2013, 06:15:37 AM
Hi Walter,

I just noticed your live Hfx account giving result like 16% a month profit for 3.8% dd and that is very impressive.  I couldn't help but have to ask if possible to share the set file with me.  Thanks in advance.  Also, what are the pairs that you are using?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 12, 2013, 11:57:08 AM
hello walter

is it possible to include candle stick patterns in confirming the pattern?
I have looked into that in the past and the next version will have a better entry.
It will be something in between of the stop and limit orders.

I keep getting suggestions from people almost every day.
Most of the time that is very confusing because many of those suggestions are contradictory.
I have also been observing this version trade very closely for the past couple of months.
Once I have made up my mind of what to improve I will start coding the next version.

One thing I can say for sure is that the EA should be used on the H1 time frame (and maybe higher), fxbabe can confirm that with her forward tests.
http://www.myfxbook.com/members/fxbabe (http://www.myfxbook.com/members/fxbabe)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 12, 2013, 12:17:31 PM
Hi Walter,

I just noticed your live Hfx account giving result like 16% a month profit for 3.8% dd and that is very impressive.  I couldn't help but have to ask if possible to share the set file with me.  Thanks in advance.  Also, what are the pairs that you are using?

Hi fxbabe,

Actually I'm using the same settings on both those accounts (demo and real) except for the Risk % which is 3% on the real account and only 1% on the demo account.
The funny thing is that these are almost the same settings as in the very first version 2.1 :)

5 pending STOP orders risk 3%, all opened at 25% into PRZ
order 1, 2, 3 TP at 50% (D-C) and trail 80%
order 4 TP at 90% and trail 60%
order 5 TP at 300% (let this one run) and trail 25%
all filters on except Hurst filter off.

Pairs (H1): EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDCAD, AUDJPY, USDJPY, CADJPY, EURJPY, GBPJPY, CHFJPY, USDCHF, EURCHF, GBPCHF, NZDCHF, AUDCHF, XAUUSD.

Please let your v2.8 run as it is and maybe open a new demo with this set file.
Title: Re: Harmonics Trader EA
Post by: fxbabe on June 12, 2013, 09:15:14 PM
Hi Walter,

I just noticed your live Hfx account giving result like 16% a month profit for 3.8% dd and that is very impressive.  I couldn't help but have to ask if possible to share the set file with me.  Thanks in advance.  Also, what are the pairs that you are using?

Hi fxbabe,

Actually I'm using the same settings on both those accounts (demo and real) except for the Risk % which is 3% on the real account and only 1% on the demo account.
The funny thing is that these are almost the same settings as in the very first version 2.1 :)

5 pending STOP orders risk 3%, all opened at 25% into PRZ
order 1, 2, 3 TP at 50% (D-C) and trail 80%
order 4 TP at 90% and trail 60%
order 5 TP at 300% (let this one run) and trail 25%
all filters on except Hurst filter off.

Pairs (H1): EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDCAD, AUDJPY, USDJPY, CADJPY, EURJPY, GBPJPY, CHFJPY, USDCHF, EURCHF, GBPCHF, NZDCHF, AUDCHF, XAUUSD.

Please let your v2.8 run as it is and maybe open a new demo with this set file.

Thanks for the set file.  I will give it a try.  As for my demo 2 months now, it seemed to holding its own around 5% profit and 5% dd which is quite satisfying.  Let's see how it does in 6 months whether it grows legs.   :-X
Title: Re: Harmonics Trader EA
Post by: ifouda on June 13, 2013, 01:21:12 PM
Greetings

Is anyone using Harmonic Trader EA on a live account.
Can you please share your experience with this EA and tell us if it is profitable or not.

Cheers
Ihab
Title: Re: Harmonics Trader EA
Post by: tankbeta on June 14, 2013, 04:22:22 AM
hello walter

is it possible to include candle stick patterns in confirming the pattern?
I have looked into that in the past and the next version will have a better entry.
It will be something in between of the stop and limit orders.

I keep getting suggestions from people almost every day.
Most of the time that is very confusing because many of those suggestions are contradictory.
I have also been observing this version trade very closely for the past couple of months.
Once I have made up my mind of what to improve I will start coding the next version.

One thing I can say for sure is that the EA should be used on the H1 time frame (and maybe higher), fxbabe can confirm that with her forward tests.
http://www.myfxbook.com/members/fxbabe (http://www.myfxbook.com/members/fxbabe)

thanks. btw will you update the default ZUP of HT to ZUP135 or ... ??
anyway very nice live results walter!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 14, 2013, 12:08:04 PM
hello walter

is it possible to include candle stick patterns in confirming the pattern?
I have looked into that in the past and the next version will have a better entry.
It will be something in between of the stop and limit orders.

I keep getting suggestions from people almost every day.
Most of the time that is very confusing because many of those suggestions are contradictory.
I have also been observing this version trade very closely for the past couple of months.
Once I have made up my mind of what to improve I will start coding the next version.

One thing I can say for sure is that the EA should be used on the H1 time frame (and maybe higher), fxbabe can confirm that with her forward tests.
http://www.myfxbook.com/members/fxbabe (http://www.myfxbook.com/members/fxbabe)

thanks. btw will you update the default ZUP of HT to ZUP135 or ... ??
anyway very nice live results walter!
Thanks tankbeta!
I had a quick look at the latest modified "###ZUP_v135wsv05" which I found at http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-464.html#post613166 (http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-464.html#post613166).
I still have to evaluate it though but I will probably include that in an update of HarmonicsTrader.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 20, 2013, 12:53:14 PM
Hi folks,

I just released version 2.9  ;D

Here is the news letter I sent:

Quote
Dear Harmonics Trader,

It's been a while since my last message.
That's because I have been closely watching HarmonicsTrader trade for the last couple of months.
While doing this I discovered some minor issues.
So it was time for an update and I invite you to upgrade to HarmonicsTrader version 2.9!

I have also received many ideas and suggestions from my customers and demo account users.
One of those suggestions was to add a maximum risk parameter.

So what's New:
1) Added a Parameter “MaxRisk”:  You can now set the Maximum Risk % of the account equity on the MT4 PLATFORM.
   Meaning that the EA will not open any additional orders when the risk on ALL orders - pending and open orders - is equal or exceeds the MaxRisk % you entered.
   This limits the number of traded patterns across all opened charts in your mt4 platform.
   Mind though that other EA's and manually opened orders are also taken into account!
2) Removed Modify orders with mouse feature since MT4 has it build in now.
3) Some minor bug fixes like an issue with the SetBreakEven option.

Recommended TF is H1 and up!

Also, I have dropped the price by some 15% and switched from $ to €.
Plus I will refund 30% on every additional license!

I'm still in the process of further evaluating all the other ideas and suggestions.

Many green pips!

Walter
www.HarmonicsTrader.com (http://www.HarmonicsTrader.com)

PS:
For your information there are some places where HarmonicsTrader is being discussed:
http://www.donnaforex.com/forum/index.php?topic=9086 (http://www.donnaforex.com/forum/index.php?topic=9086)
http://www.myfxbook.com/community/trading-systems/ht-v28-real/566973,1 (http://www.myfxbook.com/community/trading-systems/ht-v28-real/566973,1)

Tip: remove old version from one chart, load new version, do your settings (you can use your old .set file to start with) and then save this as a template.
Next simply apply this template to all other charts.

BTW, have you seen fxbabe's account lately?
http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
and those are the default settings  :)
Keep on going fxbabe  :-*
Title: Re: Harmonics Trader EA
Post by: 4xreward on June 20, 2013, 01:22:04 PM
Jobless new coming out... Expect some volatility ;)
Title: Re: Harmonics Trader EA
Post by: fxman on June 20, 2013, 05:08:12 PM
I am a fan of harmonic pattern. I always look for good patterns before making an order. I have seen the live account result of this EA:
http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215. (http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215.)

The gain is not so impressive but the DD is small. I think the stop loss can be small as I have seen though the loss trades is few in number but much impact  on balance.

Harmonic pattern specially gartley pattern can provide 70% successful trade.So low risk mode is important because the 30% losing trade can cause serious demage if we use it as EA.
I think harmonic trading is an art and a mixture of manual (who have good knowledge of EWP)
and automated trading can give above 90% success.

I have seen only one month result and so looking for long term result.
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 20, 2013, 09:15:52 PM
Id like to try this out actually. So far im using zup on my manual trading. Would be interesting to see how its automized.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 20, 2013, 09:40:29 PM
I am a fan of harmonic pattern. I always look for good patterns before making an order. I have seen the live account result of this EA:
http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215. (http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215.)

The gain is not so impressive but the DD is small. I think the stop loss can be small as I have seen though the loss trades is few in number but much impact  on balance.

Harmonic pattern specially gartley pattern can provide 70% successful trade.So low risk mode is important because the 30% losing trade can cause serious demage if we use it as EA.
I think harmonic trading is an art and a mixture of manual (who have good knowledge of EWP)
and automated trading can give above 90% success.

I have seen only one month result and so looking for long term result.
For nearly 3 months see http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
What do you mean with "low risk mode"?
HarmonicsTrader can be used in semi auto mode: you get an alert which asks you if it may trade the pattern.
You can also play with the trailing stops etc. to reduce the risk.
I agree that it is an art  ;)
The last trade it took today (EURGBP) missed it's TP by half a pip and then was stopped out by the trailing stop  ::)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 20, 2013, 09:44:40 PM
Id like to try this out actually. So far im using zup on my manual trading. Would be interesting to see how its automized.
Which zup are you using?
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 20, 2013, 09:56:02 PM
Id like to try this out actually. So far im using zup on my manual trading. Would be interesting to see how its automized.
Which zup are you using?


Im using version 109 on my charts. Its been also adjusted to my liking.
I trade patterns together with divergences.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 20, 2013, 10:14:57 PM
Id like to try this out actually. So far im using zup on my manual trading. Would be interesting to see how its automized.
Which zup are you using?


Im using version 109 on my charts. Its been also adjusted to my liking.
I trade patterns together with divergences.
Nice result on your account!
Which TF do you trade?  By looking at the duration of your trades I guess it must be a low TF.
Would be interesting to see how it goes with your "tuned" zup 109 together with the EA tuned to your trading style.
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 20, 2013, 10:19:06 PM
On my signature account i trade 2 pairs on M1. But on my other account i am trading harmonic patterns on H1 to D charts.
Title: Re: Harmonics Trader EA
Post by: fxbabe on June 21, 2013, 04:12:59 AM
Hi folks,

I just released version 2.9  ;D

Here is the news letter I sent:

Quote
Dear Harmonics Trader,

It's been a while since my last message.
That's because I have been closely watching HarmonicsTrader trade for the last couple of months.
While doing this I discovered some minor issues.
So it was time for an update and I invite you to upgrade to HarmonicsTrader version 2.9!

I have also received many ideas and suggestions from my customers and demo account users.
One of those suggestions was to add a maximum risk parameter.

So what's New:
1) Added a Parameter “MaxRisk”:  You can now set the Maximum Risk % of the account equity on the MT4 PLATFORM.
   Meaning that the EA will not open any additional orders when the risk on ALL orders - pending and open orders - is equal or exceeds the MaxRisk % you entered.
   This limits the number of traded patterns across all opened charts in your mt4 platform.
   Mind though that other EA's and manually opened orders are also taken into account!
2) Removed Modify orders with mouse feature since MT4 has it build in now.
3) Some minor bug fixes like an issue with the SetBreakEven option.

Recommended TF is H1 and up!

Also, I have dropped the price by some 15% and switched from $ to €.
Plus I will refund 30% on every additional license!

I'm still in the process of further evaluating all the other ideas and suggestions.

Many green pips!

Walter
www.HarmonicsTrader.com (http://www.HarmonicsTrader.com)

PS:
For your information there are some places where HarmonicsTrader is being discussed:
http://www.donnaforex.com/forum/index.php?topic=9086 (http://www.donnaforex.com/forum/index.php?topic=9086)
http://www.myfxbook.com/community/trading-systems/ht-v28-real/566973,1 (http://www.myfxbook.com/community/trading-systems/ht-v28-real/566973,1)

Tip: remove old version from one chart, load new version, do your settings (you can use your old .set file to start with) and then save this as a template.
Next simply apply this template to all other charts.

BTW, have you seen fxbabe's account lately?
http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
and those are the default settings  :)
Keep on going fxbabe  :-*

It seemed every so often it would spike up which seemed to con-inside with some major news release.  I think it does that because of the 1:2 ratio otherwise if no news it merely trailed the profit and closed out either lose or around 1:1.  Very nice result so far but still have to see how it performs if and when market trends very hard and that is where it might sustain major lost.  Keep my finger cross for the time being.  I think v2.8 has really grown up.  Will try v2.9 to see how it goes.  Thanks for the improvement. 
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 21, 2013, 07:19:45 AM
Guys, can this EA be backtested? If yes, then id do that. I have 99.9% data and capability to run 8 at same time.  8)


Considering that this is medium to long term EA, the backtest results would be perfectly accurate.  :P
Title: Re: Harmonics Trader EA
Post by: fxbabe on June 21, 2013, 09:18:08 AM
Guys, can this EA be backtested? If yes, then id do that. I have 99.9% data and capability to run 8 at same time.  8)


Considering that this is medium to long term EA, the backtest results would be perfectly accurate.  :P

Definately would be nice if you could do some serious tickdata backtest.  It takes very CPU intensive on v2.8 which is considerable way much better as compare to prior version where you only can visual BT.  With my older laptop, I was only able to do some crude BT on EU, EJ, GU, UChf on control point basis and few months of broker tick data to see if this thing is profitable.  Couldn't wait if you could do some some serious tickdata BT.  What I found out is this EA hardly trade but only a few times a year on one pair and so you need a lot of pair to get the amount of pips you need.  But I could be wrong.  I also concern when market is trending hard, this EA might hit SL after SL.  May be you can start with default setting and that is what I am forward testing.
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 21, 2013, 09:26:26 AM
Hmm. It gives me following error:

"pivsuppres EURUSD H1: invalid time value for objectmove function.

Does not matter if i switch to visual mode or default mode.

Googled for answers but i dont really found solution.


Using v2.9. The latest one.


E: I got it now why it gave me this error. It was because my data earliest date was same as backtest beginning. So there was no data to draw the SR lines.
Title: Re: Harmonics Trader EA
Post by: petersurrey on June 21, 2013, 08:36:38 PM
Guys, can this EA be backtested? If yes, then id do that. I have 99.9% data and capability to run 8 at same time.  8)


Considering that this is medium to long term EA, the backtest results would be perfectly accurate.  :P

Definately would be nice if you could do some serious tickdata backtest.  It takes very CPU intensive on v2.8 which is considerable way much better as compare to prior version where you only can visual BT.  With my older laptop, I was only able to do some crude BT on EU, EJ, GU, UChf on control point basis and few months of broker tick data to see if this thing is profitable.  Couldn't wait if you could do some some serious tickdata BT.  What I found out is this EA hardly trade but only a few times a year on one pair and so you need a lot of pair to get the amount of pips you need.  But I could be wrong.  I also concern when market is trending hard, this EA might hit SL after SL.  May be you can start with default setting and that is what I am forward testing.

I think this is where the stop order entries will help - i.e. in very strong trends the orders just wouldn't be triggered..although this is definitely a counter trend system.

The huge advantage with this system is the R:R and discipline it forces you to adopt - i.e. just by letting the system trade most times the relatively small stops will be triggered, but you only need a few big winners to wipe out all the losses. It is very early stages and it will be interesting to see how it trades the quieter summer  months; but 2.8 appears to be showing real promise ..
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 22, 2013, 05:52:21 AM
Im running the tests as i write this. They have been running through evening and night now. Started from 2010 and now they are also pretty much finished through 2011.
Im sorry to say this, but none of the 6 majors im currently testing is doing well during 2010-2011. Both settings. 1. Walter and 2. default setting is stuggling to  get breakeven or is  in loss.
I now started H4 on same settings and same period. Ill be back with new info probably tomorrow morning or so.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 22, 2013, 12:07:21 PM
Im running the tests as i write this. They have been running through evening and night now. Started from 2010 and now they are also pretty much finished through 2011.
Im sorry to say this, but none of the 6 majors im currently testing is doing well during 2010-2011. Both settings. 1. Walter and 2. default setting is stuggling to  get breakeven or is  in loss.
I now started H4 on same settings and same period. Ill be back with new info probably tomorrow morning or so.

Hello Pipaddiction:

I am surprised by your findings and question how the developer was able to obtain such wonderful results ( http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215 (http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215) ) in his live account; can you please elaborate on this. I have purchased the EA based on this forward testing; currently I am running the most productive pairs (AUDCHF,AUDUSD,EURGBP,EURJPY,EURUSD,NZDUSD,GBPCHF,GBPUSD) from the analysis of the mxfaxbook results on a small live account but that will take time (at least a month) to draw any "real" conclusions. I have written to Walter asking a question regarding the installation of the EA (I find instructions are not very clear to the novice who knows little about harmonics), but have yet to receive a response.

Thank you,
Ilios
Title: Re: Harmonics Trader EA
Post by: peeper on June 22, 2013, 12:08:38 PM
I'm slightly confused... Is this bot in beta mode?
And how long is the $99 offer going to last?


Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 22, 2013, 12:16:53 PM
I'm slightly confused... Is this bot in beta mode?
And how long is the $99 offer going to last?

Hello Peeper:

Just a small correction, since I have already paid for this EA: It is not 99$ USD, but 99EUR = -$136.17 USD, Through PayPal.
From what I understand and have read, this is a "viablel" working version. (Off course should have future updates)

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: fxman on June 22, 2013, 12:19:36 PM
I am a fan of harmonic pattern. I always look for good patterns before making an order. I have seen the live account result of this EA:
http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215. (http://www.myfxbook.com/members/Walter_HT/ht-v28-real/592215.)

The gain is not so impressive but the DD is small. I think the stop loss can be small as I have seen though the loss trades is few in number but much impact  on balance.

Harmonic pattern specially gartley pattern can provide 70% successful trade.So low risk mode is important because the 30% losing trade can cause serious demage if we use it as EA.
I think harmonic trading is an art and a mixture of manual (who have good knowledge of EWP)
and automated trading can give above 90% success.

I have seen only one month result and so looking for long term result.
For nearly 3 months see http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
What do you mean with "low risk mode"?
HarmonicsTrader can be used in semi auto mode: you get an alert which asks you if it may trade the pattern.
You can also play with the trailing stops etc. to reduce the risk.
I agree that it is an art  ;)
The last trade it took today (EURGBP) missed it's TP by half a pip and than was stopped out by the trailing stop  ::)

I use this patterns specially in EUR/JPY. I like to trade with pattern as I have told earlier. By low risk mode means taking low risk. When I use EA on high volatile pair I prefer to take low risk.

Yes that's good if I get the alert whether to trade this pattern. That means a combination of manual trading and automated trading. So the user need to know about the patterns as well.
Title: Re: Harmonics Trader EA
Post by: fxbabe on June 22, 2013, 03:27:23 PM
Im running the tests as i write this. They have been running through evening and night now. Started from 2010 and now they are also pretty much finished through 2011.
Im sorry to say this, but none of the 6 majors im currently testing is doing well during 2010-2011. Both settings. 1. Walter and 2. default setting is stuggling to  get breakeven or is  in loss.
I now started H4 on same settings and same period. Ill be back with new info probably tomorrow morning or so.

Wow, that was my fear all along that this good result we have had for the past 2 or 3 months of forward test may be just luck and when market change we might hit sl after sl.  I believe this was the fate of all prior versions before v2.8 and now we find out v2.8 suffer the same fate was a quite a disappointing.  :(  I think I will continue run my forward test a few more months and see how it goes but for some gut feeling I feel that it might melt down just like how the other versions had. 

btw, could you run more test like from 2008 to 2009 and 2012 to today?
Title: Re: Harmonics Trader EA
Post by: fxman on June 23, 2013, 06:32:19 PM
Im running the tests as i write this. They have been running through evening and night now. Started from 2010 and now they are also pretty much finished through 2011.
Im sorry to say this, but none of the 6 majors im currently testing is doing well during 2010-2011. Both settings. 1. Walter and 2. default setting is stuggling to  get breakeven or is  in loss.
I now started H4 on same settings and same period. Ill be back with new info probably tomorrow morning or so.

I am feeling very sad hearing this. As I have said to run this kind of EA good knowledge on harmonic pattern and also Elliott wave is important. Also I think all the patterns are not reliable. I
I suggest you to try it on EUR/JPY and use only gartley pattern.   
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 23, 2013, 06:36:13 PM
Im away from my workstation atm, but its running tests of my own ideas at the moment. I have traded harmonics for some years, so i know what im doing. Theres tons of ideas to test through. It takes at least few weeks to do that  :)
Title: Re: Harmonics Trader EA
Post by: petersurrey on June 24, 2013, 08:33:43 PM
Im running the tests as i write this. They have been running through evening and night now. Started from 2010 and now they are also pretty much finished through 2011.
Im sorry to say this, but none of the 6 majors im currently testing is doing well during 2010-2011. Both settings. 1. Walter and 2. default setting is stuggling to  get breakeven or is  in loss.
I now started H4 on same settings and same period. Ill be back with new info probably tomorrow morning or so.

I am feeling very sad hearing this. As I have said to run this kind of EA good knowledge on harmonic pattern and also Elliott wave is important. Also I think all the patterns are not reliable. I
I suggest you to try it on EUR/JPY and use only gartley pattern.   

Note harmonics trades very differently with different brokers, so I wouldn't read too much into this, and keep the faith until your demo's prove otherwise - having said that I wouldn't trade live until at least 6 months forward tests are complete; and only then very tentatively for the first 6 months to a year..
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 24, 2013, 08:46:16 PM
No, I think you are completely wrong here. Zup is more stable along brokers than pretty much any other indicator. So as long as data is reliable, it trades the same. At least on higher time frames.
Also. This EA can be profitable 4-7months and then lose following 4-7 months. So testing it on demo for 6 months does not give us any useful info. Backtests for 3-5 years are many times more reliable than 6 month demo.
Title: Re: Harmonics Trader EA
Post by: petersurrey on June 24, 2013, 10:29:09 PM
The problem is we don't have nearly enough in the way of forward demo/live trade data to highlight how this will trade live longer term; the latest version being just a few months old; and while I acknowledge your previous experience with harmonics, this has yet to produce a profitable automated option it appears.

For what it's worth I am very impressed with harmonics ea 2.8/9 profits to date and hope it continues, using fxbabes settings, but will need to see at least 3-6months more trading to be more convinced.

It would also be useful to see if any of the backtests being conducted match the live forward tests; the latter of which carry more weight for me until proven otherwise.
Title: Re: Harmonics Trader EA
Post by: TradeNow on June 25, 2013, 08:40:38 AM
Hi,

i followed the thread the last months and harmonics are one of the most interesting ways to trade imho.
Time to jump in  ;)

@Walter
I send you a mail because i didnt use paypal anymore.
keep up the good work  :D

best regards
Mark
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 25, 2013, 08:44:58 AM
I have few ideas how to make HT better.  Walter, if you are interested then please PM me your skype and lets talk if its possible to code those ideas.  ;)
Title: Re: Harmonics Trader EA
Post by: tankbeta on June 25, 2013, 02:57:24 PM
I like the new feature of 2.9 it computes the total R:R percentage of trades. very nice.
another great help for manual traders like me
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fwferdxk4h%2FHTea2_9deat.png&hash=17a056ea4c6585d53f1518aa21fbc487)


@topic

as walter said from his previous posts the EA trades only as good as the quality of the pattern provided by the zup indicator. so if the backtest is showing bad run, i think the ZUP should be improve and show ideal patterns only or replace it with a better pattern indicator.
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 25, 2013, 03:17:48 PM
The patterns  themselves are fine. Key points are entries, exits and having additional conformation for reverseing trend. Resistance levels, fib levels and divergence plays great roll in being profitable harmonics trader.
Title: Re: Harmonics Trader EA
Post by: tankbeta on June 25, 2013, 04:24:53 PM
The patterns  themselves are fine. Key points are entries, exits and having additional conformation for reverseing trend. Resistance levels, fib levels and divergence plays great roll in being profitable harmonics trader.

nice. you should email your idea to walter support@harmonicstrader.com or lets wait him to see you post.

happy trading everyone!
Title: Re: Harmonics Trader EA
Post by: yamez on June 26, 2013, 05:25:53 AM
Great example of a downwards SHI trend channel, Gartley pattern, 5th touch of the trend line ( 2nd touch off a MA ), GBPCHF H1. Loving ZUP 135wsv05, manual trading only, see post #399 for details on this ZUP. I'm predicting reversals on USDCAD and NZDJPY too.
Title: Re: Harmonics Trader EA
Post by: chrisyeap on June 26, 2013, 06:16:08 AM
I have been trading harmonic  recently and also one of the author of << link removed >>
Trading harmonic manually may miss some trades, therefore while looking for harmonic robots, I found this nice Harmonic Trader EA.  I am have  installed the robot and back testing the robot on demo but seems like not taking trades at all.  Does this EA reconize pair with different name such as "EURUSD-" or "EURUSD." instead of just "EURUSD"? 

Regards
ChrisYeap
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 26, 2013, 11:54:55 AM
I have been trading harmonic  recently and also one of the author of << link removed >>
Trading harmonic manually may miss some trades, therefore while looking for harmonic robots, I found this nice Harmonic Trader EA.  I am have  installed the robot and back testing the robot on demo but seems like not taking trades at all.  Does this EA reconize pair with different name such as "EURUSD-" or "EURUSD." instead of just "EURUSD"? 

Regards
ChrisYeap
The names of the pairs are of no importance, they are only used to produce the different magic numbers.
You can only back test one pair at the time so if you are back testing on H1 or up, it is possible that you have only a few trades a year or maybe non at all.
As long as there are no error messages it should be just fine.
If you are testing just to see some action and to understand the way the EA is trading then you could switch to a lower TF and maybe disable some filters.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 26, 2013, 12:01:35 PM
The patterns  themselves are fine. Key points are entries, exits and having additional conformation for reverseing trend. Resistance levels, fib levels and divergence plays great roll in being profitable harmonics trader.
There's still room to improving entries and exits.
Resistance, fib, and divergence are already build in.
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 26, 2013, 12:09:25 PM
Yes, fibs are built in, but its lacking features to use it effectivly. Im extremely busy at the moment, but i try to get some time on this weekend or next and send you that email with suggestions.
Title: Re: Harmonics Trader EA
Post by: petersurrey on June 27, 2013, 05:06:24 PM
I like the new feature of 2.9 it computes the total R:R percentage of trades. very nice.
another great help for manual traders like me
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs22.postimg.org%2Fwferdxk4h%2FHTea2_9deat.png&hash=17a056ea4c6585d53f1518aa21fbc487)


@topic

as walter said from his previous posts the EA trades only as good as the quality of the pattern provided by the zup indicator. so if the backtest is showing bad run, i think the ZUP should be improve and show ideal patterns only or replace it with a better pattern indicator.

Agreed very useful and the reason why IMO this system win out over time - it only takes a 40% odd win rate to make a profit. The other thing I like when using multiple pairs ( 24 odd) is that they tend to hedge each other to a certain extent; so if there is a huge movement you don't end up with a huge drawdown..
Title: Re: Harmonics Trader EA
Post by: ifouda on June 29, 2013, 02:06:42 PM
Can someone please tell me what is the number of average trades per day using the Harmonic Trader EA.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 29, 2013, 10:07:44 PM
Can someone please tell me what is the number of average trades per day using the Harmonic Trader EA.
Have a look:
http://www.myfxbook.com/members/Walter_HT/ht-v29-real/592215 (http://www.myfxbook.com/members/Walter_HT/ht-v29-real/592215)
http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
By the way it is HarmonicSTrader  ;)
Title: Re: Harmonics Trader EA
Post by: chrisyeap on June 30, 2013, 07:55:35 AM
Base on harmonic Gartley, I think stop loss should be few pips below the fib 100% as shown: http://screencast.com/t/DkY1YFQgua9M (http://screencast.com/t/DkY1YFQgua9M)  How can I change the EA parameter for SL?
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 02, 2013, 06:07:22 PM
Can someone please tell me what is the number of average trades per day using the Harmonic Trader EA.
Have a look:
http://www.myfxbook.com/members/Walter_HT/ht-v29-real/592215 (http://www.myfxbook.com/members/Walter_HT/ht-v29-real/592215)
http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
By the way it is HarmonicSTrader  ;)

Looks like the Yen pairs are giving a hard time this week.  EA kept shorting the Yen and hitting SL after SL.  In fact, I have another demo where GbpJpy hitting around 4 or 5 times sl in just one or two days.  Do you think we can add another filter to prevent such happening?
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 02, 2013, 06:28:32 PM
Thing is that yen pairs are also giving quite strong divergences on H1. That triggers the entryes on patterns.
Perhaps put yen pairs on H4. Im sure it gives more accurate results. Also Could do some research and see whats the probability ratio for each harmonic pattern on vs jen pairs. Perhaps exclude gartley.


Im going to take some more backtests in next week, when i have my workstation not so busy anymore.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 02, 2013, 06:34:12 PM
Base on harmonic Gartley, I think stop loss should be few pips below the fib 100% as shown: http://screencast.com/t/DkY1YFQgua9M (http://screencast.com/t/DkY1YFQgua9M)  How can I change the EA parameter for SL?
Actually the SL will be placed there if this point is not further away than half the height of the PRZ added to the PRZ.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 02, 2013, 06:42:22 PM
Thing is that yen pairs are also giving quite strong divergences on H1. That triggers the entryes on patterns.
Perhaps put yen pairs on H4. Im sure it gives more accurate results. Also Could do some research and see whats the probability ratio for each harmonic pattern on vs jen pairs. Perhaps exclude gartley.


Im going to take some more backtests in next week, when i have my workstation not so busy anymore.
I was about to say the same.  Maybe H4 is more suitable for the yen pairs.
If you look back at GBPJPY H1 fxbabe mentions a few posts back, all the trades were good setups.
There was always a divergence, there was always a weekly or daily resistance to place the SL and there were even reversal candles on every trade.
I would take every single of those trades again.
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 04, 2013, 04:59:38 PM
Hi Walter,

Can you explain a little more on what are the minor bug fixes you did to v2.8 when you updated to v2.9?  Are those minor bug fixes render v2.8 too dangerous to run? 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 04, 2013, 08:34:21 PM
Hi Walter,

Can you explain a little more on what are the minor bug fixes you did to v2.8 when you updated to v2.9?  Are those minor bug fixes render v2.8 too dangerous to run?
Without going in too much detail:
1. In some occasions the calculated lot size was slightly off.
2. If using more than 1 order, one can use the SetBreakEven feature.
    Since v2.8, 1% is subtracted from trailing stops with each new bar.
    This was not done for the SetBreakEven function and now is.
3. When using stop orders the order may only be placed when the pattern is no longer attached to the current bar.
    It could happen that the EA triggered an order before the zup was finished doing it's many calculations and re-drawing the patterns.

I suggest that you upgrade. (you can use your old .set file - there are some changed parameters but mt4 has no problem with that - and set the new parameter "MaxRisk")

In the next release of the EA I will probably integrate a function to not trade a currency if there is already a position opened with that currency, and pending orders of the same currency will be deleted.
That's a thing some people have been asking for in the past.

Good idea?
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 05, 2013, 03:28:08 AM
Hi Walter,

Can you explain a little more on what are the minor bug fixes you did to v2.8 when you updated to v2.9?  Are those minor bug fixes render v2.8 too dangerous to run?
Without going in too much detail:
1. In some occasions the calculated lot size was slightly off.
2. If using more than 1 order, one can use the SetBreakEven feature.
    Since v2.8, 1% is subtracted from trailing stops with each new bar.
    This was not done for the SetBreakEven function and now is.
3. When using stop orders the order may only be placed when the pattern is no longer attached to the current bar.
    It could happen that the EA triggered an order before the zup was finished doing it's many calculations and re-drawing the patterns.

I suggest that you upgrade. (you can use your old .set file - there are some changed parameters but mt4 has no problem with that - and set the new parameter "MaxRisk")

In the next release of the EA I will probably integrate a function to not trade a currency if there is already a position opened with that currency, and pending orders of the same currency will be deleted.
That's a thing some people have been asking for in the past.

Good idea?

Thanks for the info and improvement and will be switching over to v2.9.
Title: Re: Harmonics Trader EA
Post by: ifouda on July 05, 2013, 01:56:39 PM
Can someone tell me the magic number range for Harmonic filter
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 05, 2013, 02:11:09 PM
Can someone tell me the magic number range for Harmonic filter
Just to let everyone know what I e-mailed to you earlier:
Those numbers are calculated by the EA for each pair and time frame. (they always stay the same for each pair and TF)
All you have to do is put the EA on the charts you want and take note of the magic number.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 05, 2013, 02:13:25 PM
Hi Walter,

Can you explain a little more on what are the minor bug fixes you did to v2.8 when you updated to v2.9?  Are those minor bug fixes render v2.8 too dangerous to run?
Without going in too much detail:
1. In some occasions the calculated lot size was slightly off.
2. If using more than 1 order, one can use the SetBreakEven feature.
    Since v2.8, 1% is subtracted from trailing stops with each new bar.
    This was not done for the SetBreakEven function and now is.
3. When using stop orders the order may only be placed when the pattern is no longer attached to the current bar.
    It could happen that the EA triggered an order before the zup was finished doing it's many calculations and re-drawing the patterns.

I suggest that you upgrade. (you can use your old .set file - there are some changed parameters but mt4 has no problem with that - and set the new parameter "MaxRisk")

In the next release of the EA I will probably integrate a function to not trade a currency if there is already a position opened with that currency, and pending orders of the same currency will be deleted.
That's a thing some people have been asking for in the past.

Good idea?

Thanks for the info and improvement and will be switching over to v2.9.
Thanks fxbabe  :)
Title: Re: Harmonics Trader EA
Post by: chrisyeap on July 05, 2013, 04:10:26 PM
Hi FXbabe, can I have have your set file on this: myfxbook /members/fxbabe/hta29-h1/530964?  I would like to use your file to back test and forward test on my broker and see if can improve from there.

Thank you and much appreciated.

Regards
ChrisYeap
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 05, 2013, 08:36:46 PM
Hi FXbabe, can I have have your set file on this: myfxbook /members/fxbabe/hta29-h1/530964?  I would like to use your file to back test and forward test on my broker and see if can improve from there.

Thank you and much appreciated.

Regards
ChrisYeap
These are the default settings, except "Use_Risk" = "false" and "Lots" = 0.1
Correct me if I'm wrong fxbabe.
Title: Re: Harmonics Trader EA
Post by: petersurrey on July 05, 2013, 10:55:34 PM
AUD and CAD crosses appear to be doing well on my ICM demo ( selected because demo trading closely matches live) using  fxbabes settings. I count as a 'real' test as it would be easy to copy trades to a live account with such large TP if move to ICM live didn't work. Total almost 1500 pips after nearly 2 months trading, using 1 mini per 10K deposit, one entry only; with under 5% DD thus far and approx 14% return. CHF/JPY bottom of the heap and maybe first to go.

What continues to impress me is that although this continues to trade against the long term trend, it makes more than enough on the winners to wipe out the losers with a great R:R. Winners include 300 pip trades, max loss under half that. What is also apparent is that although getting on the wrong side of news events will cause losses, getting on the right side more than makes up for them. I have had one NFP for the system and one against with those results. Although having 5 JPY pairs open at any time time, with associated much larger stops than other pairs can be alarming, because the 1 mini per 10K rule applies and single vs multiple entries, individual losses are rarely above 1% - worst trade -1.2%, best 2.68%.

It will be very interesting to see how this trades through the summer months  - really need 6 months forward testing before risking real money, but so far very impressive!
Title: Re: Harmonics Trader EA
Post by: odysseus11 on July 05, 2013, 11:55:38 PM
Peter thanks so much for the great report.
I have yet to see any harmonics system I would trade live, but your report illustrates the importance of R:R and how it can be key. I would bet that keeping single-currency exposure to a maximum cap might help overall as well, and I find interesting the trade-thru-news results so far. Please continue to report. Great stuff.
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 06, 2013, 04:13:24 AM
Hi FXbabe, can I have have your set file on this: myfxbook /members/fxbabe/hta29-h1/530964?  I would like to use your file to back test and forward test on my broker and see if can improve from there.

Thank you and much appreciated.

Regards
ChrisYeap
These are the default settings, except "Use_Risk" = "false" and "Lots" = 0.1
Correct me if I'm wrong fxbabe.

Yes correct.  Beside that I also make one other changes on v2.9 MaxRisk = 15.
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 06, 2013, 04:38:36 AM
AUD and CAD crosses appear to be doing well on my ICM demo ( selected because demo trading closely matches live) using  fxbabes settings. I count as a 'real' test as it would be easy to copy trades to a live account with such large TP if move to ICM live didn't work. Total almost 1500 pips after nearly 2 months trading, using 1 mini per 10K deposit, one entry only; with under 5% DD thus far and approx 14% return. CHF/JPY bottom of the heap and maybe first to go.

What continues to impress me is that although this continues to trade against the long term trend, it makes more than enough on the winners to wipe out the losers with a great R:R. Winners include 300 pip trades, max loss under half that. What is also apparent is that although getting on the wrong side of news events will cause losses, getting on the right side more than makes up for them. I have had one NFP for the system and one against with those results. Although having 5 JPY pairs open at any time time, with associated much larger stops than other pairs can be alarming, because the 1 mini per 10K rule applies and single vs multiple entries, individual losses are rarely above 1% - worst trade -1.2%, best 2.68%.

It will be very interesting to see how this trades through the summer months  - really need 6 months forward testing before risking real money, but so far very impressive!

Nice recap.  I am waiting for the meltdown to happen after testing from v2.1 I have seen a fair share of this happening.  Last week was a taste of it when it took a major hit but now recovering slowly.  I must admit that this version has survived the longest and sure look tough.  If it continue to do well then I am afraid this may be the first time that backtest is proven wrong.   :-X
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 06, 2013, 10:35:40 AM
Backtests do not lie if done the right way  ;)
Title: Re: Harmonics Trader EA
Post by: petersurrey on July 06, 2013, 10:43:13 AM
Simple solution is to do a back test over the last 2-3 months and see how it compares to recent demo forward testing - presumably it should agree?

The other years to test are the currency meltdown years of 2008/09 when many pairs moved thousands of pips in the same direction for weeks, which I could see this system getting caught out by; and would require some sort of volatility ATR filter.
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 07, 2013, 03:13:32 PM
Simple solution is to do a back test over the last 2-3 months and see how it compares to recent demo forward testing - presumably it should agree?

The other years to test are the currency meltdown years of 2008/09 when many pairs moved thousands of pips in the same direction for weeks, which I could see this system getting caught out by; and would require some sort of volatility ATR filter.

Doesn't know if good news or bad news.  I did a few backtest since yesterday with TW brokers data with only about 50% quality and surprise trades came out pretty much match every trade.  Sure seemed like BT doesn't lie.  So is this to imply that meltdown will follow?  :(
Title: Re: Harmonics Trader EA
Post by: cheva282 on July 08, 2013, 12:30:13 AM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

Title: Re: Harmonics Trader EA
Post by: tankbeta on July 08, 2013, 03:05:31 AM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

when i BT this EA from 2001 to 2012 it took me 1 week to finish 2001 to 2007.  :P

when BTing turn off visual mode so it will be faster by 30%
Title: Re: Harmonics Trader EA
Post by: cheva282 on July 08, 2013, 04:37:19 AM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

Hey tank, maybe you could share your BTs? :P

when i BT this EA from 2001 to 2012 it took me 1 week to finish 2001 to 2007.  :P

when BTing turn off visual mode so it will be faster by 30%
Title: Re: Harmonics Trader EA
Post by: mikono2002 on July 08, 2013, 10:22:01 AM
Hi Walter, i'm running HT 2.9 on my real account & i need you to take a look at my charts (see attachments). The zup indicator at the vps draws two patterns, while at my local pc it draws none.

It is the same broker, same account, all same parameters except i disable auto trade at my local pc.

I'm glad the ea took 5 buy orders with nice profits last week, but it still bothers me that the indicator draws differently at the same data feed.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 08, 2013, 11:13:08 AM
Hi Walter, i'm running HT 2.9 on my real account & i need you to take a look at my charts (see attachments). The zup indicator at the vps draws two patterns, while at my local pc it draws none.

It is the same broker, same account, all same parameters except i disable auto trade at my local pc.

I'm glad the ea took 5 buy orders with nice profits last week, but it still bothers me that the indicator draws differently at the same data feed.
Are they both connected to the same data feed server?
Click on the numbers in the very bottom right corner to see a list of the data feed servers your broker runs, maybe there is a difference.
Title: Re: Harmonics Trader EA
Post by: mikono2002 on July 08, 2013, 11:22:24 AM
Hi Walter, i'm running HT 2.9 on my real account & i need you to take a look at my charts (see attachments). The zup indicator at the vps draws two patterns, while at my local pc it draws none.

It is the same broker, same account, all same parameters except i disable auto trade at my local pc.

I'm glad the ea took 5 buy orders with nice profits last week, but it still bothers me that the indicator draws differently at the same data feed.
Are they both connected to the same data feed server?
Click on the numbers in the very bottom right corner to see a list of the data feed servers your broker runs, maybe there is a difference.

Yes, both are connected to the same data centre
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 08, 2013, 12:12:39 PM
Hi Walter, i'm running HT 2.9 on my real account & i need you to take a look at my charts (see attachments). The zup indicator at the vps draws two patterns, while at my local pc it draws none.

It is the same broker, same account, all same parameters except i disable auto trade at my local pc.

I'm glad the ea took 5 buy orders with nice profits last week, but it still bothers me that the indicator draws differently at the same data feed.
Are they both connected to the same data feed server?
Click on the numbers in the very bottom right corner to see a list of the data feed servers your broker runs, maybe there is a difference.

Yes, both are connected to the same data centre
Strange.
There must be a difference somewhere. Are you sure they have the same settings except enable/disable?
How about highs and lows of the candles where the patterns are attached to?
Title: Re: Harmonics Trader EA
Post by: tankbeta on July 08, 2013, 01:03:09 PM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

Hey tank, maybe you could share your BTs? :P


i didnt finished that 2001 to 2012 backtest bec someone accidentally turn of my PC..
btw im using open price only so imagine how long it will be if tick data :)
Title: Re: Harmonics Trader EA
Post by: cheva282 on July 08, 2013, 11:54:33 PM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

Hey tank, maybe you could share your BTs? :P


i didnt finished that 2001 to 2012 backtest bec someone accidentally turn of my PC..
btw im using open price only so imagine how long it will be if tick data :)


Yes I know..  thats the only thing I dont like of this EA... I believe walter has done a very goob job, But we need to be able to do some accurate BTs so be sure of using it Longterm, myfxbook forward accounts of just a couple of month are not enough..

Walter: Any way you can look in to EA code to see how to clean it? I can do some Pro backtesting, using real tick data, real spread, comission included and slippage simulation. but with the code as it is its impossible...

I know you said this is fault of ZUP indi... but Im sure there must be a way to clean up the code, would be most appretiated.

recommendation: stop offering free demo testing of it, its too simple just copy it to a live account and pay you nothing, please protect your work.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 09, 2013, 01:10:03 AM
How you guys do to backtest this beast? Im using Tick Data suite, tick data, from 2008 to 2013 is taking ages, half an hour and havent complete even first month...

less than 99% modelling quality is not good for long term perspective.

Any ideas?

Hey tank, maybe you could share your BTs? :P


i didnt finished that 2001 to 2012 backtest bec someone accidentally turn of my PC..
btw im using open price only so imagine how long it will be if tick data :)


Yes I know..  thats the only thing I dont like of this EA... I believe walter has done a very goob job, But we need to be able to do some accurate BTs so be sure of using it Longterm, myfxbook forward accounts of just a couple of month are not enough..

Walter: Any way you can look in to EA code to see how to clean it? I can do some Pro backtesting, using real tick data, real spread, comission included and slippage simulation. but with the code as it is its impossible...

I know you said this is fault of ZUP indi... but Im sure there must be a way to clean up the code, would be most appretiated.

recommendation: stop offering free demo testing of it, its too simple just copy it to a live account and pay you nothing, please protect your work.
I know it's a pain to back test.  The code of the EA is as clean as possible.
It is the zup which is slowing down things.
A "cleaned" zup is the "###ZUP_v135wsv05" for as far I can tell.
See post http://www.donnaforex.com/forum/index.php?topic=9086.msg268786#msg268786 (http://www.donnaforex.com/forum/index.php?topic=9086.msg268786#msg268786)
I've had no time yet to test it but if you can find the setting where it shows the PRZ and the triangles (EA needs that) you're on your way.
The guy who modified it - stripped out some code we don't need - said that calculating the PRZ is time (cpu) consuming.
Also, if you can turn off the drawing of all other lines and stuff I believe it will speed things up some more.
This zup version is on my to-do list, to use it without a PRZ or triangles.

I'm aware that it is easy to copy the trades to a live account and I will cope with that later. (most people want the latest version anyway)
If I want then all versions will stop working right away.  :P

Thanks for your concern cheva and for wanting to back test it  :D
Title: Re: Harmonics Trader EA
Post by: mikono2002 on July 09, 2013, 03:30:15 AM
Hi Walter, i'm running HT 2.9 on my real account & i need you to take a look at my charts (see attachments). The zup indicator at the vps draws two patterns, while at my local pc it draws none.

It is the same broker, same account, all same parameters except i disable auto trade at my local pc.

I'm glad the ea took 5 buy orders with nice profits last week, but it still bothers me that the indicator draws differently at the same data feed.
Are they both connected to the same data feed server?
Click on the numbers in the very bottom right corner to see a list of the data feed servers your broker runs, maybe there is a difference.

Yes, both are connected to the same data centre
Strange.
There must be a difference somewhere. Are you sure they have the same settings except enable/disable?
How about highs and lows of the candles where the patterns are attached to?

Sorry, my mistake  :-[ other than disabled trade apparently local ea uses SelectPattern = 1 (default setting) whereas remote ea uses 5. Case closed
Title: Re: Harmonics Trader EA
Post by: chrisyeap on July 09, 2013, 05:30:59 PM
Hi FXbabe, can I have have your set file on this: myfxbook /members/fxbabe/hta29-h1/530964?  I would like to use your file to back test and forward test on my broker and see if can improve from there.

Thank you and much appreciated.

Regards
ChrisYeap
These are the default settings, except "Use_Risk" = "false" and "Lots" = 0.1
Correct me if I'm wrong fxbabe.

I have been running the same setting for days on my broker's mt4 (fxprimus) testing on demo $250 mini account, 0.01 lot with max 15 % risk but no trades has been executed comparing to fxbabe's results. I am also an EA experienced person, am sure all was enabled on my Mt4 side.  I hope the new coming version will do better with better zup version and also maintain the same Euro 99 price?   I'll just let the EA running to evaluate further.
Regards
Chris
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 09, 2013, 06:49:44 PM
Hi FXbabe, can I have have your set file on this: myfxbook /members/fxbabe/hta29-h1/530964?  I would like to use your file to back test and forward test on my broker and see if can improve from there.

Thank you and much appreciated.

Regards
ChrisYeap
These are the default settings, except "Use_Risk" = "false" and "Lots" = 0.1
Correct me if I'm wrong fxbabe.

I have been running the same setting for days on my broker's mt4 (fxprimus) testing on demo $250 mini account, 0.01 lot with max 15 % risk but no trades has been executed comparing to fxbabe's results. I am also an EA experienced person, am sure all was enabled on my Mt4 side.  I hope the new coming version will do better with better zup version and also maintain the same Euro 99 price?   I'll just let the EA running to evaluate further.
Regards
Chris

Check if you have any error message?  Another problem is probably missing Microsoft Visual C++ 2010 Redistributable Package (x86) and you need to download and install it. 
Title: Re: Harmonics Trader EA
Post by: petersurrey on July 09, 2013, 07:06:20 PM
Just for the record: Re I do not condone copying trades from a providers demo account to a traders live one. I have a paid live trading licence for Harmonics, hence the 'copying to live account' reference in my previous post. This comment was meant to be interpreted as copy with a live account licence only.

My IC Markets demo trading account is showing a slightly better recent performance to fxbabes i.e. different brokers do produce different results due to obvious price feed and chart differences. Trades today and broadly break even.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on July 12, 2013, 12:22:45 PM
Hello Walter this is marc how are you. What about the different ideas i gave to you did you get some time?  After doing that i will be able to start backtests to find best pairs and then we will start demo and real live forward test. Regards (great work good EA but need to be tuned)
Title: Re: Harmonics Trader EA
Post by: Moto on July 12, 2013, 07:14:45 PM
I also encountered some time wasting while doing the back test how can I go about it? and what are the coders doing for smooth backtest
Title: Re: Harmonics Trader EA
Post by: ifouda on July 17, 2013, 02:57:51 AM
I can see that that results of this EA is not very impressive and can results in major loss over a period of time.

Title: Re: Harmonics Trader EA
Post by: Candlestick on July 17, 2013, 07:52:36 AM
Hi, Walter and everyone else.

Im sorry, i havent been able to find enought time to contribute. But here is little suggestions of changes.

- sell/buy limit entries from fib extensions and/or retracements. How its done: Fib ext. is drawn from pattern A-B-C legs and limit entries will be set to 100, 127.2 and 161.8 extension.
As additional parameter -+pips from level should be added. For example -5pips from level would be nice for H1 to quarantee entry if exact level is not hit.
This method is valid for gartley, butterfly, ABCD, bat. For crab, its 2.24 to 3.618.
I have no idea, if it can be done.

- MACD or CCI divergence.

- TP at fib levels and/or trend line hit. Trend line drawn from A-C for some patterns and fibonaccis drawn to B-C-D leg. Exits at 61.8 and 100 and/or higher.


I think this fib entries will be difficult task to code i quess, but is it doable?
There are some fib indicators, but mostly they suck badly. Perhaps its possible to force some decent fib indicator to draw levels from the points i described.




Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 17, 2013, 01:27:51 PM
All of the above is already possible more or less.
You can set it to enter limit orders at certain places in the PRZ.
Since you say that there should be a tolerance because those fib extensions are not exact, that should be just fine.
Divergence is measured with the Osma (Moving Average of Oscillator) indicator.
You can set the TP's at fib numbers on the D-C leg.
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 17, 2013, 01:56:34 PM
Setting correct levels entry and tp not possible at the moment. each pattern legs are different lenght. The prz opens are not accurate. what works for one, doesnt work for another and so on. If every pattern type entry and tp could be adjusted separately, then i quess i could work out the settings.
Osma divergence can do the job perhaps, but i would prefer CCI to it.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 17, 2013, 02:29:00 PM
Setting correct levels entry and tp not possible at the moment. each pattern legs are different lenght. The prz opens are not accurate. what works for one, doesnt work for another and so on. If every pattern type entry and tp could be adjusted separately, then i quess i could work out the settings.
Osma divergence can do the job perhaps, but i would prefer CCI to it.
Noted
Title: Re: Harmonics Trader EA
Post by: Moto on July 17, 2013, 03:42:33 PM
I would like to recap on the earlier grievance about the time taken to generate a simple demo for the ea backtest, has some measures taken to address the issue or if I did some mistake during my backtest can you help me out with assistance as I'm determine to consider this ea for my trading.
Title: Re: Harmonics Trader EA
Post by: ifouda on July 17, 2013, 03:54:52 PM
I have added the EA on many pairs and this ended up to a lot of loss.
I can see that this EA is dangerous for the account and needs a lot of modifications.
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 17, 2013, 03:59:37 PM
I have added the EA on many pairs and this ended up to a lot of loss.
I can see that this EA is dangerous for the account and needs a lot of modifications.

This EA is not set and forget. You have to understand the basics of it to work out settings and be profitable.
It has great potentsial to be great.
BTW. Dont put it on highly correlated pairs. Or if you do then just divide the risk.  Its the babypips of trading and i should really know it before you touch any EA at all.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 17, 2013, 04:07:06 PM
I would like to recap on the earlier grievance about the time taken to generate a simple demo for the ea backtest, has some measures taken to address the issue or if I did some mistake during my backtest can you help me out with assistance as I'm determine to consider this ea for my trading.
See post http://www.donnaforex.com/forum/index.php?topic=9086.msg274093#msg274093 (http://www.donnaforex.com/forum/index.php?topic=9086.msg274093#msg274093)
Title: Re: Harmonics Trader EA
Post by: peeper on July 18, 2013, 10:17:18 AM
Do you guys think that it's just a matter of time before someone come up with profitable set and forget settings, or is it that you need to use it as a support for manual trading or else it's too risky?
Title: Re: Harmonics Trader EA
Post by: yamez on July 21, 2013, 01:08:12 PM

- sell/buy limit entries from fib extensions and/or retracements. How its done: Fib ext. is drawn from pattern A-B-C legs and limit entries will be set to 100, 127.2 and 161.8 extension.
As additional parameter -+pips from level should be added. For example -5pips from level would be nice for H1 to quarantee entry if exact level is not hit.
This method is valid for gartley, butterfly, ABCD, bat. For crab, its 2.24 to 3.618.
I have no idea, if it can be done.


ZUP 135wsv05 and ZUP113wsv63 draw the fib 100, 127.2 and 161.8 expansions from the A-B-C legs when a pattern appears. _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-464.html#post613166 , _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-509.html#post616034

Example attached. EURJPY H4, Bearish "Black Swan" pattern. Red lines PRZ, blue horizontal lines the fib expansions.

This version of ZUP also lets you know when a pattern is invalidated so you can delete your pendings. Alerts can be sent via email or notification to Android or iOS.
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 21, 2013, 02:09:04 PM
Shouldnt be that hard to code entries to ea then.
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 23, 2013, 12:29:00 PM
Walter, could you hard code timeframe settings in to EA, so we could use 1M or 5M open prices in strategy tester, to speed up the backtest.=?
Title: Re: Harmonics Trader EA
Post by: Moto on July 23, 2013, 01:02:34 PM
I have added the EA on many pairs and this ended up to a lot of loss.
I can see that this EA is dangerous for the account and needs a lot of modifications.

This EA is not set and forget. You have to understand the basics of it to work out settings and be profitable.
It has great potentsial to be great.
BTW. Dont put it on highly correlated pairs. Or if you do then just divide the risk.  Its the babypips of trading and i should really know it before you touch any EA at all.

Every ea is not a set and forget however you would mind disclosing the best currency pair and the optimum risk level that does well with this ea; profitable. In addition, what are factors that governs the operation of the robot apart from speculation, news and volatility.
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 25, 2013, 08:14:36 AM
I have ran a lot of testing on my workstation on last days. However i have failed to get any long term profitable results. The problem is incredibly slow backtesting and lack of features as i already pointed out on previous posts.
When i get my new Haswell server running at the end of next week, then i probably run some more tests. (however, this EA is not on top of my priority list)
At the moment the only way to get fine adjustment on every type of pattern is to run each pattern type test individually. So the testing takes pretty much forever.
The downside of testing each type individually is that there will be so few trades over the years that results will not be very reliable. Perhaps some day i could figure out any profitable setting for lower time frame and have reliable amount of trades to belive in results, but i doubt if its worth waisting time on.
Title: Re: Harmonics Trader EA
Post by: ifouda on July 25, 2013, 05:09:21 PM
I have ran a lot of testing on my workstation on last days. However i have failed to get any long term profitable results. The problem is incredibly slow backtesting and lack of features as i already pointed out on previous posts.
When i get my new Haswell server running at the end of next week, then i probably run some more tests. (however, this EA is not on top of my priority list)
At the moment the only way to get fine adjustment on every type of pattern is to run each pattern type test individually. So the testing takes pretty much forever.
The downside of testing each type individually is that there will be so few trades over the years that results will not be very reliable. Perhaps some day i could figure out any profitable setting for lower time frame and have reliable amount of trades to belive in results, but i doubt if its worth waisting time on.

This EA is not profitable
Title: Re: Harmonics Trader EA
Post by: Candlestick on July 25, 2013, 05:22:41 PM
This EA is not profitable

Really? Thats your conclusion? How many settings have you ran to know that?
I am 100% certain that this EA has potentsial to be the best EA out there. All it needs is some tweaks in code. Zup indicator itself is very very good, if you know how to use it.
Title: Re: Harmonics Trader EA
Post by: fxbabe on July 25, 2013, 06:25:22 PM
Hi Walter,

Looks like luck may have run away.  My testing default setting so far has peaked in June and on a downhill run.  :(   Any idea if you have another version to fix this problem?
Title: Re: Harmonics Trader EA
Post by: ifouda on July 25, 2013, 08:54:32 PM
This EA is not profitable

Really? Thats your conclusion? How many settings have you ran to know that?
I am 100% certain that this EA has potentsial to be the best EA out there. All it needs is some tweaks in code. Zup indicator itself is very very good, if you know how to use it.

Can you please share your account if this EA has made you profits.
It might have good potential but so far it is not.
Title: Re: Harmonics Trader EA
Post by: yamez on July 30, 2013, 02:15:14 AM
This EA is not profitable

Really? Thats your conclusion? How many settings have you ran to know that?
I am 100% certain that this EA has potentsial to be the best EA out there. All it needs is some tweaks in code. Zup indicator itself is very very good, if you know how to use it.

Can you please share your account if this EA has made you profits.
It might have good potential but so far it is not.

Perhaps ifouda you should read and pick up some possibly useful information. Test harmonic trading manually and give some useful feedback. Pipaddiction has been testing the EA and already suggested how to refine the entries for harmonic patterns, but the EA needs to be modified for that.
Title: Re: Harmonics Trader EA
Post by: ifouda on July 30, 2013, 02:22:49 AM
This EA is not profitable

Really? Thats your conclusion? How many settings have you ran to know that?
I am 100% certain that this EA has potentsial to be the best EA out there. All it needs is some tweaks in code. Zup indicator itself is very very good, if you know how to use it.

Can you please share your account if this EA has made you profits.
It might have good potential but so far it is not.

Perhaps ifouda you should read and pick up some possibly useful information. Test harmonic trading manually and give some useful feedback. Pipaddiction has been testing the EA and already suggested how to refine the entries for harmonic patterns, but the EA needs to be modified for that.

I believe the developer should be the one doing this kind of test to modify and come up with settings & a code that makes it work with all pairs.

I dont think that the people who bought this EA can get involved in such development and achieve good results.

At the end I am not a negative person but I like to put things in the right order and again I think the developer should put more effort to make the EA profitable and if he is unable to acheive that he shouldn't be selling it to people to lose their money.
Title: Re: Harmonics Trader EA
Post by: yamez on August 02, 2013, 07:58:30 AM
For those that wish to experiment, the attached earlier version of ZUP113wsv still uses triangles for patterns and a rectangle for the PRZ, so should work with the current Harmonics Trader EA version 2.9.

The main difference with ZUP113wsv is that it uses a lower deviation for the fib ratios meaning stricter geometry for patterns to appear. Time ratios are also included in the equation on whether a pattern appears. Fib expansions are also drawn which I showed in a previous post. See this post _http://www.forex-tsd.com/harmonic-trading/86750-harmonic-time.html to see the genesis of how this version of ZUP came into being.

Please read this post on how to setup ZUP113WSV for time calculations, _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-442.html#post611582


Title: Re: Harmonics Trader EA
Post by: tankbeta on August 02, 2013, 08:45:13 AM
For those that wish to experiment, the attached earlier version of ZUP113wsv still uses triangles for patterns and a rectangle for the PRZ, so should work with the current Harmonics Trader EA version 2.9.

The main difference with ZUP113wsv is that it uses a lower deviation for the fib ratios meaning stricter geometry for patterns to appear. Time ratios are also included in the equation on whether a pattern appears. Fib expansions are also drawn which I showed in a previous post. See this post _http://www.forex-tsd.com/harmonic-trading/86750-harmonic-time.html to see the genesis of how this version of ZUP came into being.

Please read this post on how to setup ZUP113WSV for time calculations, _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-442.html#post611582




have you tried it? how was it?
Title: Re: Harmonics Trader EA
Post by: fxbabe on August 03, 2013, 08:22:58 AM
Another disappointing week.  This EA started giving back and in a steady fashion.  Very strange indeed.   :(   Wonder where is Vendor seemed very quiet this days...
Title: Re: Harmonics Trader EA
Post by: fxman on August 03, 2013, 09:46:19 AM
I think the EA was not well written. I am a harmonic trader. Harmonic patterns are working very well for me. So I believe its not the best Harmonic EA. Its need modification.
Title: Re: Harmonics Trader EA
Post by: TradeNow on August 03, 2013, 04:34:24 PM
I think the EA was not well written. I am a harmonic trader. Harmonic patterns are working very well for me. So I believe its not the best Harmonic EA. Its need modification.

Maybe you can give some help to vendor? I realy like the eidea of harmonic patterns but i think this ea needs some more rules.

What do you think about a news filter?

best regards
Mark
 
Title: Re: Harmonics Trader EA
Post by: yamez on August 04, 2013, 06:44:04 AM
have you tried it? how was it?

I have not tried ZUP113wsv35 with the EA. I am manually trading with ZUP113wsv63, H4 & D1, most forex pairs. SHI MTF channel or AutoChartist MTF chart patterns for confirmation. Fib expansions, drawn by ZUP113wsv63, are used for entries and stops.

Early days for results as have only been 2 weeks trading with ZUP113wsv63, seems different patterns need different approach for confirmation, HTF trend and for entries/stops.

Walter has said an update for the EA to work with ZUP113wsv63 or ZUPv135wsv05, was on his to do list.
Title: Re: Harmonics Trader EA
Post by: fxman on August 04, 2013, 10:19:47 AM
I think the EA was not well written. I am a harmonic trader. Harmonic patterns are working very well for me. So I believe its not the best Harmonic EA. Its need modification.

Maybe you can give some help to vendor? I realy like the eidea of harmonic patterns but i think this ea needs some more rules.

What do you think about a news filter?

best regards
Mark

News can convert a bullish harmonic pattern to a bearish harmonic pattern ;D . My attached image is an example that I have experienced few days ago.Btw I don't use ZUP indicators. I use Korharmonics  and also draw HP manually.
Title: Re: Harmonics Trader EA
Post by: tankbeta on August 05, 2013, 06:37:50 AM
hi guys how can i adjust the settings of the EA to trade gartley and bat patterns only?
if you can provide me a set file . thanks in advance
Title: Re: Harmonics Trader EA
Post by: Candlestick on August 05, 2013, 07:28:35 AM
hi guys how can i adjust the settings of the EA to trade gartley and bat patterns only?
if you can provide me a set file . thanks in advance


Yes. Read the provided PDF manual. Its all there.
Title: Re: Harmonics Trader EA
Post by: tankbeta on August 09, 2013, 06:45:42 AM
I found this new harmonic indicator created by Point zero trading

"the PZ Harmonic Trading Indicator has been finished. It is, without doubt, the best harmonic patterns indicator available, for any trading platform. It finds every single pattern, draws fibonacci projections and calculates ratios properly. It even waits for a breakout to signal the trade, minimizing the repainting effect considerably.
The indicator detects all the 5-point harmonic patterns: Bat, Gartley, Crab, Butterfly, Shark and Cypher patterns. Every single color, line width and font size is configurable via input parameters. It also implements sound/visual/email alerts for patterns and breakouts, and displays all the fibo ratios and prices at the top-left corner of the chart.
If you are an harmonic trader, this is a must-have tool.""

 http://www.pointzero-trading.com/Blog/view/58 (http://www.pointzero-trading.com/Blog/view/58)
Title: Re: Harmonics Trader EA
Post by: Candlestick on August 09, 2013, 03:13:14 PM
So nice of you to advertise not yet relised commercial indicator in other developer thread.  :D

Ill stay with zup, which is freeware, heavily cusomizable and does the job just fine.
Title: Re: Harmonics Trader EA
Post by: TradeNow on August 09, 2013, 03:45:51 PM
Hi,

imho this ea has a lot of potential but i traded the last two days in semi auto mode. Entered the trades manual after checking the news.
Out of 8 trades i had 5 wins. I put sl tp manual and was on
H1 and H4 only with 6 pairs. If you analyze fxbabe accounts or walters you can find the best pairs easily. Today the two books from Scott M. Carney arrived and i will do my homework the next weeks to improve my skills.  ;)

In the long run i want to trade the patterns manual with my god given neural network  ;) Better than using any full automated ea imho....

best regards
Mark
Title: Re: Harmonics Trader EA
Post by: tankbeta on August 09, 2013, 08:20:44 PM
So nice of you to advertise not yet relised commercial indicator in other developer thread.  :D

Ill stay with zup, which is freeware, heavily cusomizable and does the job just fine.
nop im not advertising. just found it on the internet and want to share it here for future reference. be he claim its the best harmonic indicator. ;D  .. lets wait and see :)
Title: Re: Harmonics Trader EA
Post by: tankbeta on August 10, 2013, 01:55:20 AM
just want to share this summary result of HT ea from june to august forward test
i also tally the TP , SL , & BE of the patterns showing which pattern has the most winning , losing and BE results.

note: patterns with 2 or more orders in a currency is consider 1 count.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs5.postimg.org%2F4mhdmrm9j%2Fharmonic_EA.png&hash=a7bddf69fecc64db1a43a1686963e935)



with this results you can now set you EA what patterns to trade.
offtopic: i got some ideas running on my mind about a filtering method with the patterns. hmm ???
Title: Re: Harmonics Trader EA
Post by: viltsu on August 10, 2013, 07:05:36 AM
Hello,

Where I can download the newest zup? Is the newest best one? What are the differencies between different zup-versions?

Thanks,

viltsu
Title: Re: Harmonics Trader EA
Post by: fxbabe on August 10, 2013, 08:19:38 PM
Hi,

imho this ea has a lot of potential but i traded the last two days in semi auto mode. Entered the trades manual after checking the news.
Out of 8 trades i had 5 wins. I put sl tp manual and was on
H1 and H4 only with 6 pairs. If you analyze fxbabe accounts or walters you can find the best pairs easily. Today the two books from Scott M. Carney arrived and i will do my homework the next weeks to improve my skills.  ;)

In the long run i want to trade the patterns manual with my god given neural network  ;) Better than using any full automated ea imho....

best regards
Mark

A word of caution on looking at my stat.  What has been the best performance can be the worst.  ie.  look at GbpAud was the best from Mar to Jun but it the worst from Jul to Aug.  This is just leaving my head spinning.  How to approach this strategy when it can give back as fast as it make.  My summary is this after having been testing this for the very beginning all these months looks like a big waste of time and vendor already disappeared it seemed with another week of losses.   :(
Title: Re: Harmonics Trader EA
Post by: Walter_HT on August 14, 2013, 08:03:50 PM
Hi,

imho this ea has a lot of potential but i traded the last two days in semi auto mode. Entered the trades manual after checking the news.
Out of 8 trades i had 5 wins. I put sl tp manual and was on
H1 and H4 only with 6 pairs. If you analyze fxbabe accounts or walters you can find the best pairs easily. Today the two books from Scott M. Carney arrived and i will do my homework the next weeks to improve my skills.  ;)

In the long run i want to trade the patterns manual with my god given neural network  ;) Better than using any full automated ea imho....

best regards
Mark

A word of caution on looking at my stat.  What has been the best performance can be the worst.  ie.  look at GbpAud was the best from Mar to Jun but it the worst from Jul to Aug.  This is just leaving my head spinning.  How to approach this strategy when it can give back as fast as it make.  My summary is this after having been testing this for the very beginning all these months looks like a big waste of time and vendor already disappeared it seemed with another week of losses.   :(

Hi all, I'm back  ;D
I took some vacation to get a fresh perspective.
It may surprise some of you but besides trading and coding I have another life too   ::)
I only answered support e-mails.

I'm again busy with developing version 3.0, it uses "###ZUP_v113wsv63".
I started from scratch so it will be something totally different.
I hope to be able to release it sometime in September.
Title: Re: Harmonics Trader EA
Post by: yamez on August 15, 2013, 02:58:48 PM
For those that wish to experiment, the attached earlier version of ZUP113wsv still uses triangles for patterns and a rectangle for the PRZ, so should work with the current Harmonics Trader EA version 2.9.

The main difference with ZUP113wsv is that it uses a lower deviation for the fib ratios meaning stricter geometry for patterns to appear. Time ratios are also included in the equation on whether a pattern appears. Fib expansions are also drawn which I showed in a previous post. See this post _http://www.forex-tsd.com/harmonic-trading/86750-harmonic-time.html to see the genesis of how this version of ZUP came into being.

Please read this post on how to setup ZUP113WSV for time calculations, _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-442.html#post611582

I have discovered that you have to change the very last setting in Harmonics Trader 2.9 to, extNamePRZ = PointD_010 , for the EA to work with ZUP_113wsv35. Also AutoLoadZUP = false.

This is just for those that want to "play" until Walter makes the next version which will be able to use the latest ZUP_113wsv63 and fib expansions.
Title: Re: Harmonics Trader EA
Post by: yamez on August 17, 2013, 12:54:07 AM
Results from Friday, M15 scalping, 20 major pairs except CHF, using ZUP_v113wsv35.

Sometimes the PRZ is not drawn in the correct place. ZUP_v133wsv63 does not have this issue, but we cannot use that until Walter updates his EA. The 2nd EURAUD trade was taken on the same pattern. If the EA had only traded once per pattern that losing trade would not have been taken.

If you want to use this ZUP, you have to setup time, check here, _http://www.forex-tsd.com/harmonic-trading/1093-harmonic-trading-442.html#post611582.
Title: Re: Harmonics Trader EA
Post by: Nordmoor on August 17, 2013, 10:47:24 AM
@Walter

You do a good job! I like your EA very much but I think its more a tool then a typical  trading robot. Not everybody likes that.
What do you think about a higher timeframe trend filter, a time filter and the possibility to round up the lot size to brokers minnimum lot size for the next versions?

@fxbabe

Do you know a strategie without drawdowns? Please share it with us! Why do you use a fix lot size? I think its sensefull to use MM to trade a strategie with so different SL and TP distances.

@all

Have a nice weekend!
Title: Re: Harmonics Trader EA
Post by: felipebr on August 29, 2013, 09:41:14 PM
Hi,

imho this ea has a lot of potential but i traded the last two days in semi auto mode. Entered the trades manual after checking the news.
Out of 8 trades i had 5 wins. I put sl tp manual and was on
H1 and H4 only with 6 pairs. If you analyze fxbabe accounts or walters you can find the best pairs easily. Today the two books from Scott M. Carney arrived and i will do my homework the next weeks to improve my skills.  ;)

In the long run i want to trade the patterns manual with my god given neural network  ;) Better than using any full automated ea imho....

best regards
Mark

A word of caution on looking at my stat.  What has been the best performance can be the worst.  ie.  look at GbpAud was the best from Mar to Jun but it the worst from Jul to Aug.  This is just leaving my head spinning.  How to approach this strategy when it can give back as fast as it make.  My summary is this after having been testing this for the very beginning all these months looks like a big waste of time and vendor already disappeared it seemed with another week of losses.   :(

Hi fxbabe, I was analysing your myfxbook and if you take off GBPCAD, NZDCAD, EURAUD, EURCAD, and USDJPY you would getting a profit of 34%... it is more than the double of the profit until now, so I think we have room to choose the best pairs.

Anyway please keep the test going with all pairs.. this way we can analyse it in the next months.

Thank you
Regards
Title: Re: Harmonics Trader EA
Post by: Walter_HT on August 29, 2013, 11:11:33 PM
@Walter

You do a good job! I like your EA very much but I think its more a tool then a typical  trading robot. Not everybody likes that.
What do you think about a higher timeframe trend filter, a time filter and the possibility to round up the lot size to brokers minnimum lot size for the next versions?

@fxbabe

Do you know a strategie without drawdowns? Please share it with us! Why do you use a fix lot size? I think its sensefull to use MM to trade a strategie with so different SL and TP distances.

@all

Have a nice weekend!
Thanks Nordmoor.
Well, I designed it to be both a tool and a trading robot.  Newbies can go with the default settings and grow into it and more experienced traders can fool around with the settings.  As everybody knows by now I'm not very fond of a trend filter because the best trades are the ones where the trend reverses, and that is our strategy isn't it?
By "time filter" you mean that it shouldn't open trades at Friday for instance?
And by "round up" I suppose that you mean that if the lot size is less than the minimum lot size it should open a trade with the minimum lot size anyway?
Anyhow, July and August have been bad trading months so let's hope that things get better from September on  :)

And to look at it from the positive side: how much interest do you get on your bank savings account? ;)  (Just a rhetorical question)
Title: Re: Harmonics Trader EA
Post by: Nordmoor on August 30, 2013, 09:04:17 AM
@Walter

Thank you for your answer!
With the time filter I mean the possibillity to forbid the EA to open trades during the night hours when the market movements are too weak for example. Maybe it is sensefull for trading on smaller timeframes. To test it cannot be wrong.

You are right. With round up I mean the possibillity to let the EA trade with 0.1 lot but MM calculated 0.05 lot when the brokers minimum lot size is 0.1 lot for example.
Title: Re: Harmonics Trader EA
Post by: petersurrey on September 01, 2013, 05:10:29 PM
@Walter

You do a good job! I like your EA very much but I think its more a tool then a typical  trading robot. Not everybody likes that.
What do you think about a higher timeframe trend filter, a time filter and the possibility to round up the lot size to brokers minnimum lot size for the next versions?

@fxbabe

Do you know a strategie without drawdowns? Please share it with us! Why do you use a fix lot size? I think its sensefull to use MM to trade a strategie with so different SL and TP distances.

@all

Have a nice weekend!
Thanks Nordmoor.
Well, I designed it to be both a tool and a trading robot.  Newbies can go with the default settings and grow into it and more experienced traders can fool around with the settings.  As everybody knows by now I'm not very fond of a trend filter because the best trades are the ones where the trend reverses, and that is our strategy isn't it?
By "time filter" you mean that it shouldn't open trades at Friday for instance?
And by "round up" I suppose that you mean that if the lot size is less than the minimum lot size it should open a trade with the minimum lot size anyway?
Anyhow, July and August have been bad trading months so let's hope that things get better from September on  :)

And to look at it from the positive side: how much interest do you get on your bank savings account? ;)  (Just a rhetorical question)
Hi,

imho this ea has a lot of potential but i traded the last two days in semi auto mode. Entered the trades manual after checking the news.
Out of 8 trades i had 5 wins. I put sl tp manual and was on
H1 and H4 only with 6 pairs. If you analyze fxbabe accounts or walters you can find the best pairs easily. Today the two books from Scott M. Carney arrived and i will do my homework the next weeks to improve my skills.  ;)

In the long run i want to trade the patterns manual with my god given neural network  ;) Better than using any full automated ea imho....

best regards
Mark

A word of caution on looking at my stat.  What has been the best performance can be the worst.  ie.  look at GbpAud was the best from Mar to Jun but it the worst from Jul to Aug.  This is just leaving my head spinning.  How to approach this strategy when it can give back as fast as it make.  My summary is this after having been testing this for the very beginning all these months looks like a big waste of time and vendor already disappeared it seemed with another week of losses.   :(

Hi fxbabe, I was analysing your myfxbook and if you take off GBPCAD, NZDCAD, EURAUD, EURCAD, and USDJPY you would getting a profit of 34%... it is more than the double of the profit until now, so I think we have room to choose the best pairs.

Anyway please keep the test going with all pairs.. this way we can analyse it in the next months.

Thank you
Regards

I agree - this works much better by limiting the pairs - still early days but the money management of this bot makes even a 50:50 win rate profitable. Overall pretty impressive from summer months trading.
@Walter

You do a good job! I like your EA very much but I think its more a tool then a typical  trading robot. Not everybody likes that.
What do you think about a higher timeframe trend filter, a time filter and the possibility to round up the lot size to brokers minnimum lot size for the next versions?

@fxbabe

Do you know a strategie without drawdowns? Please share it with us! Why do you use a fix lot size? I think its sensefull to use MM to trade a strategie with so different SL and TP distances.

@all

Have a nice weekend!
Thanks Nordmoor.
Well, I designed it to be both a tool and a trading robot.  Newbies can go with the default settings and grow into it and more experienced traders can fool around with the settings.  As everybody knows by now I'm not very fond of a trend filter because the best trades are the ones where the trend reverses, and that is our strategy isn't it?
By "time filter" you mean that it shouldn't open trades at Friday for instance?
And by "round up" I suppose that you mean that if the lot size is less than the minimum lot size it should open a trade with the minimum lot size anyway?
Anyhow, July and August have been bad trading months so let's hope that things get better from September on  :)

And to look at it from the positive side: how much interest do you get on your bank savings account? ;)  (Just a rhetorical question)

Agreed, trend and time filter wouldn't make much difference - much better to filter for pairs, and even then only after 3-4 months, because they behave differently month to month. I agree this has traded very well over the summer months; and my main concern with any change is not to adjust the basic trade 'engine' of the bot, which appears to be working very well. The other issue with change is that it can't be back tested very easily, if at all; making a short term negative impact harder to accept..
Title: Re: Harmonics Trader EA
Post by: blamshakk on September 02, 2013, 02:16:44 AM
hi walther any updates on the new version thanks
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 16, 2013, 02:50:00 PM
hi walther any updates on the new version thanks

Here is a sneak preview of HarmonicsTrader version 3.0. (see attachments)  ;D
It uses ZUP_113wsv63 exclusively.
This zup version is a lot faster and very accurate.
The EA will have no more settings other than lot size and the zup settings.
It works on the close of the candles so it can be back tested on "Open prices only".
The covered period of the back test is 5 years (sept 1st 2008 to now) on EURUSD H1 and took "only" about 2 hours.
As you can see it has a profit factor of 2.53 with fixed lot size (2 x 0.1 lot / pattern) and a profit factor of 1.8 with a progressive lot size!  :)

I hope to be able to release it within the next couple of weeks.
Title: Re: Harmonics Trader EA
Post by: butterliesel on September 16, 2013, 03:00:08 PM
sound and looks very good walter, thanks for working so hard on this update   ;)
i will be glad to test your newest version and hopefully adapt your expert to my live account asap.

Cheers,
BL
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on September 16, 2013, 03:48:21 PM
Walter,
watched and waited for a while. I bought v2.9 when you released it and have been live testing on micro account several pairs on H4 charts. I think open bar will be a nice improvement. Would be good if it could close like Robin using internal targets, sending broker targets separately. Ive had to manually intervene a few times because on 4 hour bars the trailing stop doesn't climb enough. Read earlier it climbs 1% or something. Very risky holdings. Hopefully you might externalize that setting? Allowing users the option of %? Do you use a chandelier stop?

Nice program barring the riskiness. Will say I wish I had a choice to remove all of the lines on the screen! Maybe you can and I just don't know how to.

Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 16, 2013, 04:47:31 PM
Walter,
watched and waited for a while. I bought v2.9 when you released it and have been live testing on micro account several pairs on H4 charts. I think open bar will be a nice improvement. Would be good if it could close like Robin using internal targets, sending broker targets separately. Ive had to manually intervene a few times because on 4 hour bars the trailing stop doesn't climb enough. Read earlier it climbs 1% or something. Very risky holdings. Hopefully you might externalize that setting? Allowing users the option of %? Do you use a chandelier stop?

Nice program barring the riskiness. Will say I wish I had a choice to remove all of the lines on the screen! Maybe you can and I just don't know how to.
Like I said; it works on the close of the candle. (TP and SL and trailing SL)
New version will have less lines.  ;)
Title: Re: Harmonics Trader EA
Post by: mauricejac on September 16, 2013, 04:49:46 PM
Very interesting! Good work, wait for the new version
thanks
Title: Re: Harmonics Trader EA
Post by: reinerh on September 16, 2013, 05:10:47 PM

tenacity pays of :)

great job, maybe other pairs will work well too.
Title: Re: Harmonics Trader EA
Post by: Nordmoor on September 16, 2013, 06:32:34 PM
Thank you for the news, Walther!

Do you have an idea how many charts with the EA are good for the MT4s health? Do you have a personal maximum?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 16, 2013, 07:10:47 PM

tenacity pays of :)

great job, maybe other pairs will work well too.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 16, 2013, 08:13:59 PM
Thank you for the news, Walther!

Do you have an idea how many charts with the EA are good for the MT4s health? Do you have a personal maximum?
IMHO this depends on your hardware.
I personally trade 21 (low spread) pairs without a problem on a fairly recent pc.
I used to run it on a vps with less performance and it had trouble starting up the terminal sometimes.
Title: Re: Harmonics Trader EA
Post by: blamshakk on September 23, 2013, 02:09:47 AM
thanks for the updates walter, cannot wait for the release of v3.0, looks mint

currently testing m15 charts with v2.9 with yamez custom setfile, infrequent trades but good accuracy so far

v3.0 with that new zup should be a great evolution of this system :)
Title: Re: Harmonics Trader EA
Post by: zanzistor on September 24, 2013, 09:51:40 AM
Walter, please, is a license switchable from vps to vps and account to account?
Or must i every time ask to you? by mail?

Thanks a lot
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 24, 2013, 12:20:45 PM
Walter, please, is a license switchable from vps to vps and account to account?
Or must i every time ask to you? by mail?

Thanks a lot
You can switch as often as you like.
All you have to do is to activate again for the new account by going here: http://harmonicstrader.com/activate.php (http://harmonicstrader.com/activate.php)
No intervention of me needed.
Title: Re: Harmonics Trader EA
Post by: chrisyeap on September 24, 2013, 12:25:17 PM
Dear Walter, when do you expect to release the 3.0 version and hope the new version able to do both pending limit buy/sell and pending stops buy/sell instead of just choosing one only. If we purchase the 2.9 now, do we have to pay for the 3.0 release or pay additional for any future release?

Regards
chris
Title: Re: Harmonics Trader EA
Post by: zanzistor on September 24, 2013, 12:59:35 PM
Walter, please, is a license switchable from vps to vps and account to account?
Or must i every time ask to you? by mail?

Thanks a lot
You can switch as often as you like.
All you have to do is to activate again for the new account by going here: http://harmonicstrader.com/activate.php (http://harmonicstrader.com/activate.php)
No intervention of me needed.

Walter have u idea, at statical level, which is the highest succer rate pattern?
Is the robot able to filter which patter have to trade and which not?
i am fully interested in...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 24, 2013, 01:25:51 PM
Dear Walter, when do you expect to release the 3.0 version and hope the new version able to do both pending limit buy/sell and pending stops buy/sell instead of just choosing one only. If we purchase the 2.9 now, do we have to pay for the 3.0 release or pay additional for any future release?

Regards
chris
Hope to release v3 next month.  Still optimizing.  Still a lot of work.
No pending orders, only market execution.
One time purchase, updates for live without any extra fees.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 24, 2013, 01:28:03 PM
Walter, please, is a license switchable from vps to vps and account to account?
Or must i every time ask to you? by mail?

Thanks a lot
You can switch as often as you like.
All you have to do is to activate again for the new account by going here: http://harmonicstrader.com/activate.php (http://harmonicstrader.com/activate.php)
No intervention of me needed.

Walter have u idea, at statical level, which is the highest succer rate pattern?
Is the robot able to filter which patter have to trade and which not?
i am fully interested in...
"succer rate pattern" ???
See page 15 of the User Guide for explanation to choose the traded patterns.
Title: Re: Harmonics Trader EA
Post by: zanzistor on September 24, 2013, 01:29:15 PM
Walter, please, is a license switchable from vps to vps and account to account?
Or must i every time ask to you? by mail?

Thanks a lot
You can switch as often as you like.
All you have to do is to activate again for the new account by going here: http://harmonicstrader.com/activate.php (http://harmonicstrader.com/activate.php)
No intervention of me needed.

Walter have u idea, at statical level, which is the highest succer rate pattern?
Is the robot able to filter which patter have to trade and which not?
i am fully interested in...
"succer rate pattern" ???
See page 15 of the User Guide for explanation to choose the traded patterns.

Ops, my fault so sorry!!
Title: Re: Harmonics Trader EA
Post by: yamez on September 25, 2013, 11:59:09 AM

Here is a sneak preview of HarmonicsTrader version 3.0. (see attachments)  ;D
It uses ZUP_113wsv63 exclusively.
This zup version is a lot faster and very accurate.
The EA will have no more settings other than lot size and the zup settings.


Hi Walter,

When you say, "no more settings" can I take this means no other indicators are used for filtering? Only ZUP, Fib expansions within the PRZ and good MM are used?

I'm curious to see what patterns you have chosen since ZUP_113wsv63 has several exotic patterns, but I can wait until the EA is released. :-)

Thanks,

yamez.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 26, 2013, 02:20:51 PM
@ yamez,

Well..., a minimum of settings.
Good MM is key... I say no more  ;)
So far the only pattern which is not profitable over a 10 year period of testing is the Crab pattern.
The Black Swan is doing very nicely.
Trying to find the best compromise without doing any "curve fitting" ... pc is smoking   ;)
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on September 26, 2013, 02:29:02 PM
Cant wait anymore to test it walter. Yes mm is the key but also percentage of winning trade. You will do nothing with mm if ea is not profitable. I hope.zup do not.repaint anymore... Regards.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 30, 2013, 12:05:13 PM
That's it, I've had it with those JPY pairs, I'm dropping them on the live account.  >:(
And disabling the divergence filter, too many missed opportunities.
Still working hard on v3. Takes a lot of time testing and optimizing.
Title: Re: Harmonics Trader EA
Post by: felipebr on September 30, 2013, 12:20:13 PM
Hi Walter, I see with default parameters only Eur/jpy and Gbp/jpy worth to try... but I think it can be improved, the profit locking is not very good.. we would need a better exit strategy.

Anyway good luck, hope you can do it  :)

Regards
Title: Re: Harmonics Trader EA
Post by: Walter_HT on September 30, 2013, 01:53:31 PM
Hi Walter, I see with default parameters only Eur/jpy and Gbp/jpy worth to try... but I think it can be improved, the profit locking is not very good.. we would need a better exit strategy.

Anyway good luck, hope you can do it  :)

Regards
Exit strategy, that's the very thing I'm currently working on.   ;)
Title: Re: Harmonics Trader EA
Post by: Nordmoor on October 03, 2013, 05:00:47 PM
Hello Walter,

to can set a maximum account risk is a sensefull feature but a problem is to use it when another EA without a visible SL works in the same account.
Do you know a solution for this problem?
When I set the maximum account risk to 0 is it deactivated or will new trades blocked too?

Thanks in forward!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 03, 2013, 05:31:45 PM
Hello Walter,

to can set a maximum account risk is a sensefull feature but a problem is to use it when another EA without a visible SL works in the same account.
Do you know a solution for this problem?
When I set the maximum account risk to 0 is it deactivated or will new trades blocked too?

Thanks in forward!
Hi,
The MaxRisk is the total risk on the MT4 platform, which makes sense because you do not want to risk more than that.
So if other orders are open with a hard Stop Loss they will be taken into account as well.
You can not deactivate this feature by setting it to 0.
If you set it to 0 and there are NO open orders, only one order can be opened because than you have a risk of more than 0%
What you can do if you don't want to use this feature is set it to 100% so unlimited orders (for as far as your margin allows) can be opened.
Another solution is to open a separate platform for this EA.
Title: Re: Harmonics Trader EA
Post by: mauricejac on October 20, 2013, 01:53:24 PM
Hi Walter,

any news about the new version?

Thanks
Title: Re: Harmonics Trader EA
Post by: Nordmoor on October 22, 2013, 12:41:10 AM
Hello Walter,

to can set a maximum account risk is a sensefull feature but a problem is to use it when another EA without a visible SL works in the same account.
Do you know a solution for this problem?
When I set the maximum account risk to 0 is it deactivated or will new trades blocked too?

Thanks in forward!
Hi,
The MaxRisk is the total risk on the MT4 platform, which makes sense because you do not want to risk more than that.
So if other orders are open with a hard Stop Loss they will be taken into account as well.
You can not deactivate this feature by setting it to 0.
If you set it to 0 and there are NO open orders, only one order can be opened because than you have a risk of more than 0%
What you can do if you don't want to use this feature is set it to 100% so unlimited orders (for as far as your margin allows) can be opened.
Another solution is to open a separate platform for this EA.

Hello Walter,

now I opened a seperate MT4 for the HT EA (same account with trades of another EA witout visible SL) and set it to 100% risk. But unfortunately the display show me now a currently account risk of more than 100% (a too low margin is not the problem). The HTEA will not trade now, is this right?
What is to do in this case?

Another problem: In some charts is to read the alert "PivSupRes indicator not found - PivSupRes filter disabled". What is the reason for this problem? (In other charts of the same MT4 is everything ok and indicators are installed.)

Thanks in forward!
Nordmoor
Title: Re: Harmonics Trader EA
Post by: tankbeta on October 24, 2013, 10:59:06 AM
finally donnaforex is up. check walters website HT 3.0 is out!  ;D
Title: Re: Harmonics Trader EA
Post by: philip on October 24, 2013, 11:21:45 AM
That's great news. Have you tried it? I'm busy testing it out but don't seem to get the same or similar results at all. Can any one help?

Great work though Walter, we know you have something special here...
Title: Re: Harmonics Trader EA
Post by: ifouda on October 24, 2013, 11:58:08 AM
what are the best pairs for Harmonic Trader ?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 24, 2013, 12:50:40 PM

Hello Walter,

now I opened a seperate MT4 for the HT EA (same account with trades of another EA witout visible SL) and set it to 100% risk. But unfortunately the display show me now a currently account risk of more than 100% (a too low margin is not the problem). The HTEA will not trade now, is this right?
What is to do in this case?

Another problem: In some charts is to read the alert "PivSupRes indicator not found - PivSupRes filter disabled". What is the reason for this problem? (In other charts of the same MT4 is everything ok and indicators are installed.)

Thanks in forward!
Nordmoor
This 100% thing is strange, will have to investigate that further. (email me and we can use Team Viewer)
The PivSupRes not found means that there are not enough bars on the chart for it to work.
Solution: scroll back in time at least a month and then restart mt4 platform.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 24, 2013, 12:56:11 PM
finally donnaforex is up. check walters website HT 3.0 is out!  ;D
You beat me to the chase
 :)  ;D

@ philip: did you use the same lot size? Did you set the correct times for your broker.
@ ifouda: see page 2 of User Guide

Everybody, please take 5 minutes to read the User Guide first.
There are only a few pages left but they contain important information.
Title: Re: Harmonics Trader EA
Post by: reinerh on October 24, 2013, 02:22:45 PM

is there a official backtest posted somewhere with v3 running on eurusd h1?

i looked all over and cant find anything.

thx for all pointers.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 24, 2013, 02:35:10 PM

is there a official backtest posted somewhere with v3 running on eurusd h1?

i looked all over and cant find anything.

thx for all pointers.
On the web site.
For some reason I couldn't save the individual trades  ???
See log file in attachment here:
Title: Re: Harmonics Trader EA
Post by: reinerh on October 24, 2013, 04:36:03 PM

thank you much walter :)

looks quite allrighty, i like what i am seeing.
Title: Re: Harmonics Trader EA
Post by: blamshakk on October 24, 2013, 06:41:38 PM
I have this new v3 running on 9 H1 charts. first trade taken today AUDUSD bullish black swan, nicely in profit at the moment :)

good start, many thanks for all the efforts you have put into this EA to help us man
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 24, 2013, 06:56:52 PM
I have this new v3 running on 9 H1 charts. first trade taken today AUDUSB bullish black swan, nicely in profit at the moment :)

good start, many thanks for all the efforts you have out into this EA to help us man
Thanks  ;D
I happen to have the same trade open.
Let's see if it takes it's first TP and set to break even in 5 minutes (close of the H1 candle)

Yes it  did  ;D 2 free rides now.

Made 187 pips on NZDJPY earlier today too  8)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 25, 2013, 12:18:23 AM
IMPORTANT
For back testing you need D1, H1 and M15 bars for at least one month earlier than the start date of your test!
Title: Re: Harmonics Trader EA
Post by: ifouda on October 25, 2013, 11:06:43 AM
I have installed the new version but there is no patterns on the charts.
Is this normal or there is an issue ?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 25, 2013, 12:53:04 PM
I have installed the new version but there is no patterns on the charts.
Is this normal or there is an issue ?
Yes, that's normal.  Just means that there is no pattern at the moment.
If you want to see all those lines then set "ExtHiddenPP" to 1
Title: Re: Harmonics Trader EA
Post by: ifouda on October 25, 2013, 06:38:30 PM
Can someone tell me which pairs works best for V3
Title: Re: Harmonics Trader EA
Post by: Candlestick on October 25, 2013, 07:14:46 PM
I think no one knows. Besides eurusd.
I dont think that even eurusd is supposed to run with stock settings.
Title: Re: Harmonics Trader EA
Post by: mikono2002 on October 27, 2013, 04:32:55 PM
Here's my backtest using dukascopy data, open prices only, default setting except risk=2. Date were set from 1/1/2010 to 8/31/2013 because I think the last 3 years represent the most recent market conditions.

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg9.imageshack.us%2Fimg9%2F9158%2Fh4z5.gif&hash=e918454a534515d1e153dc35c056c877)

GBPUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg22.imageshack.us%2Fimg22%2F1128%2Fp7lo.gif&hash=2177a3436c6433aab3323ee9f52f312f)

Draw your own conclusion. I wouldn't bother to continue backtest other pairs.
Title: Re: Harmonics Trader EA
Post by: blamshakk on October 27, 2013, 10:32:09 PM
hi walther

can you see if this trade should have been taken? the last candle in the cypher formation was on friday afternoon , yet it opened a long a few candles later just now at market open for the week. seems incorrect to me?

thanks
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 01:58:51 AM
Here's my backtest using dukascopy data, open prices only, default setting except risk=2. Date were set from 1/1/2010 to 8/31/2013 because I think the last 3 years represent the most recent market conditions.

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg9.imageshack.us%2Fimg9%2F9158%2Fh4z5.gif&hash=e918454a534515d1e153dc35c056c877)

GBPUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg22.imageshack.us%2Fimg22%2F1128%2Fp7lo.gif&hash=2177a3436c6433aab3323ee9f52f312f)

Draw your own conclusion. I wouldn't bother to continue backtest other pairs.
Thanks for testing.
Here's the same test EURUSD, last 3 years HotForex data, spread 1.5 pips (normally only 0.4), default settings except fixed lot size of 0.15 lots.
Remember that HTv3 was developed for EURUSD.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 02:08:19 AM
hi walther

can you see if this trade should have been taken? the last candle in the cypher formation was on friday afternoon , yet it opened a long a few candles later just now at market open for the week. seems incorrect to me?

thanks
I couldn't reproduce that trade on my platform, there was no cypher.
But it looks normal because the EA is prohibited to trade after a certain hour at Friday afternoon.
Check that (broker) time on the chart and in the settings.
Then when market opened again the conditions appeared to be good to open that trade.
Title: Re: Harmonics Trader EA
Post by: mikono2002 on October 28, 2013, 04:08:16 AM
Thanks for testing.
Here's the same test EURUSD, last 3 years HotForex data, spread 1.5 pips (normally only 0.4), default settings except fixed lot size of 0.15 lots.
Remember that HTv3 was developed for EURUSD.

Hi Walter

I'm trying another test using different data from axitrader, but it is stopped in the middle and it says "ZUP_v113wsv63_HT EURUSD,H1: zero divide". What went wrong? I already downloaded H4, H1 and M15 data back to 1 month before start date.

I also noticed that you are using version 3.1. Could it be the reason of the different result?
Title: Re: Harmonics Trader EA
Post by: philip on October 28, 2013, 07:08:36 AM
I know that Hot Forex Data on MT4 is just metaquotes data and not specifically Hot Forex's historical data on their MT4 platform. A lot of brokers don't provide their accurate historical data on MT4. Could that be the problem with different results?
Title: Re: Harmonics Trader EA
Post by: mikono2002 on October 28, 2013, 08:52:42 AM
Another test using FXDD data (can be obtained here (http://www.fxdd.com/us/en/forex-resources/forex-trading-tools/metatrader-1-minute-data/))

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimageshack.com%2Fa%2Fimg405%2F2761%2F5g5.gif&hash=061f618f3e80672e2736f31f259ca9cd)

Same testing period. Default setting except lot size = 0.05 (fixed)
Margin call on March 2011.

Something wrong here. The EA trades at open prices only so it should be less sensitive on different data feed. Walter, could you try backtest again using FXDD data?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 12:56:52 PM
Thanks for testing.
Here's the same test EURUSD, last 3 years HotForex data, spread 1.5 pips (normally only 0.4), default settings except fixed lot size of 0.15 lots.
Remember that HTv3 was developed for EURUSD.

Hi Walter

I'm trying another test using different data from axitrader, but it is stopped in the middle and it says "ZUP_v113wsv63_HT EURUSD,H1: zero divide". What went wrong? I already downloaded H4, H1 and M15 data back to 1 month before start date.

I also noticed that you are using version 3.1. Could it be the reason of the different result?
That zero divide is because ZUP does not have enough bars H1. Move your starting date later until the error goes away or get more bars in history.
Never mind the version 3.1, it is still 3.0.  I always make a copy of the original before trying new things.
You need D1 (not H4), H1 and M15 data.
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on October 28, 2013, 01:01:57 PM
Please walter reply to my mail  ;) thanks regards  8)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 01:15:55 PM
Please walter reply to my mail  ;) thanks regards  8)
What mail? I didn't get any  ???
Title: Re: Harmonics Trader EA
Post by: mauricejac on October 28, 2013, 01:33:22 PM
Another test using FXDD data (can be obtained here (http://www.fxdd.com/us/en/forex-resources/forex-trading-tools/metatrader-1-minute-data/))

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimageshack.com%2Fa%2Fimg405%2F2761%2F5g5.gif&hash=061f618f3e80672e2736f31f259ca9cd)

Same testing period. Default setting except lot size = 0.05 (fixed)
Margin call on March 2011.

Something wrong here. The EA trades at open prices only so it should be less sensitive on different data feed. Walter, could you try backtest again using FXDD data?

Strange....
this is my BT on Alpari NZ  -no holes-, with 1.5 pips spread and 0.15 lot. Anyway the DD is very high
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 01:38:17 PM
I know that Hot Forex Data on MT4 is just metaquotes data and not specifically Hot Forex's historical data on their MT4 platform. A lot of brokers don't provide their accurate historical data on MT4. Could that be the problem with different results?
Right, metaquotes data.
Messed up hist data must be the problem I guess.
The internet is full of articles on how to get hist data and load it properly.
There are several methods, so please folks, do your homework  ;)

The easiest way is via your platform's history center.
If you want to use a different source, first delete all your hist data and do NOT connect to your broker if importing that data because it will get messed up with data of your broker.
If you download M15 data (or M1 data), that's enough. From that data you can make M15, H1 and D1 data with the included MT4 script "period_converter".
And to quote from the User Guide:
--------Quote----------
To make sure that there are no gaps in time larger than 2 days (WE), I have included a little EA
called “Walt_day_gap”. Run that first on both H1 and M15 time frames “Open prices only”.
After it finishes (few seconds) check the Journal tab of the Strategy Tester.
There could be a few entries of gaps of 3 days which are probably around some holidays, don’t
worry about that. To test the D1 for gaps put “GapOfMoreThanDays” to “3”.
If there is a bigger gap(s), either pick another period or get the missing bars.
-------Unquote---------

Some other thing: I thought that the ZUP settings "FridayLastM1BarOpenTime",  "SundayFirstM1BarOpenTime" and "SundayFirstH4BarOpenTime" were very important.
Well I have put them all to "N/A" and ran the default 10 year test again and it gave me the exact same result , so I guess we can set those all to 'N/A".
(I checked the zup code for that too)
Title: Re: Harmonics Trader EA
Post by: tankbeta on October 28, 2013, 01:58:31 PM
Here's my backtest using dukascopy data, open prices only, default setting except risk=2. Date were set from 1/1/2010 to 8/31/2013 because I think the last 3 years represent the most recent market conditions.

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg9.imageshack.us%2Fimg9%2F9158%2Fh4z5.gif&hash=e918454a534515d1e153dc35c056c877)

GBPUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg22.imageshack.us%2Fimg22%2F1128%2Fp7lo.gif&hash=2177a3436c6433aab3323ee9f52f312f)

Draw your own conclusion. I wouldn't bother to continue backtest other pairs.
Thanks for testing.
Here's the same test EURUSD, last 3 years HotForex data, spread 1.5 pips (normally only 0.4), default settings except fixed lot size of 0.15 lots.
Remember that HTv3 was developed for EURUSD.

hi walter

do you know why is fix lot size sett is much better than setting on risk.
i tried BT it on EU and fix lot size has better curve than risk sett
-------------------

Here is my Demo Forward Test of the New HT 3.0 Version
http://www.myfxbook.com/members/tankbeta/harmonics-trader-30/735115 (http://www.myfxbook.com/members/tankbeta/harmonics-trader-30/735115)

testing it on this pairs (https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs8.postimg.org%2Fj18kwptbp%2Fht3.png&hash=d64c6b65e9317311912804c3ceea8e65)
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on October 28, 2013, 01:59:14 PM
I sent it the 26th october ? Do you want i send it again Walter? Thanks  ;D
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 02:55:50 PM
Another test using FXDD data (can be obtained here (http://www.fxdd.com/us/en/forex-resources/forex-trading-tools/metatrader-1-minute-data/))

EURUSD H1:
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimageshack.com%2Fa%2Fimg405%2F2761%2F5g5.gif&hash=061f618f3e80672e2736f31f259ca9cd)

Same testing period. Default setting except lot size = 0.05 (fixed)
Margin call on March 2011.

Something wrong here. The EA trades at open prices only so it should be less sensitive on different data feed. Walter, could you try backtest again using FXDD data?
I got me the fxdd EURUSD M1 data and imported into a fresh platform, not connected to broker, and made M15, H1 and D1 bars from that M1 data with the mt4 script "period_converter".
Next I ran Walt_day_gap. and there is a  gap of 38 days from 2013.04.12 to 2013.05.20
This 4 digit data.
Minimum lot size is 0.1 lots even if I set it to 0.01 lots !?

So some things are different / wrong.
I ran the test anyway and also got stopped out around the same time you did.

So it is important to have good history data I guess.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 03:05:54 PM

hi walter

do you know why is fix lot size sett is much better than setting on risk.
i tried BT it on EU and fix lot size has better curve than risk sett
-------------------

Here is my Demo Forward Test of the New HT 3.0 Version
http://www.myfxbook.com/members/tankbeta/harmonics-trader-30/735115 (http://www.myfxbook.com/members/tankbeta/harmonics-trader-30/735115)
Thanks for sharing tankbeta.
With Percent setting you will have bigger wins/losses because lot size gets bigger so the curve will be more erratic.  ::)
Again, v3 is for EURUSD. Other pairs on own risk.  If you want all options, please stick to v2.9, you can tweak that one like you want.
Take any EA designed for a specific pair / TF and put it on something different than that and the results will / can be not good at all.
Title: Re: Harmonics Trader EA
Post by: petersurrey on October 28, 2013, 05:19:37 PM
..still waiting for my updated version 3 licence (replacing previously purchased 2.9 live version)...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 06:12:34 PM
..still waiting for my updated version 3 licence (replacing previously purchased 2.9 live version)...
Is same license Peter!
Updates for life remember  ;D
Please e-mail me at support if there are any problems or questions.
Title: Re: Harmonics Trader EA
Post by: blamshakk on October 28, 2013, 10:00:11 PM
hey walther

i have set the trade time / broker settings and zup time settings as per the manual

 but it should have taken place on the friday  as the market was still open in my settings (14:00 NY time is 21:00 on my broker time [GMT +2] ) and the end of that bull cypher formation was clearly still within trading hours, approximately 19:00.

can you please look into this? as the actual long  entry point taken on the sunday evening, a few candles after the formation on friday , was higher than the proper entry point. as it is , it still hit TP1, but i think it would be better if this error was corrected? many thanks




hi walther

can you see if this trade should have been taken? the last candle in the cypher formation was on friday afternoon , yet it opened a long a few candles later just now at market open for the week. seems incorrect to me?

thanks
I couldn't reproduce that trade on my platform, there was no cypher.
But it looks normal because the EA is prohibited to trade after a certain hour at Friday afternoon.
Check that (broker) time on the chart and in the settings.
Then when market opened again the conditions appeared to be good to open that trade.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 28, 2013, 11:03:21 PM
hey walther

i have set the trade time / broker settings and zup time settings as per the manual

 but it should have taken place on the friday  as the market was still open in my settings (14:00 NY time is 21:00 on my broker time [GMT +2] ) and the end of that bull cypher formation was clearly still within trading hours, approximately 19:00.

can you please look into this? as the actual long  entry point taken on the sunday evening, a few candles after the formation on friday , was higher than the proper entry point. as it is , it still hit TP1, but i think it would be better if this error was corrected? many thanks




hi walther

can you see if this trade should have been taken? the last candle in the cypher formation was on friday afternoon , yet it opened a long a few candles later just now at market open for the week. seems incorrect to me?

thanks
I couldn't reproduce that trade on my platform, there was no cypher.
But it looks normal because the EA is prohibited to trade after a certain hour at Friday afternoon.
Check that (broker) time on the chart and in the settings.
Then when market opened again the conditions appeared to be good to open that trade.
Ok, did the last candle on Friday, before no more trades allowed, close up?  In other words,was the close higher than the open of that candle?
Title: Re: Harmonics Trader EA
Post by: Candlestick on October 29, 2013, 09:02:34 AM
Hey Walter.

You are claiming that your EA uses only open bars now. Could you explain why is tick backtest on same period and conditions still quite different than open bar test?
I use the best possible testing condtitions with Dukascopy tick data, TDS and, real spreads, spread padding as well as comissions injected in to data.


I like 3.0 changes a lot. Especially the logging capability of it. Now we can optimize it way better than we did before. It could still have a lot more filters for each pattern, but i quess at the moment is ok.
Title: Re: Harmonics Trader EA
Post by: ifouda on October 29, 2013, 09:57:35 AM
Is there is any live account to monitor the performance of Harmonic Trader V3
Title: Re: Harmonics Trader EA
Post by: Candlestick on October 29, 2013, 10:02:18 AM
Since this is long term EA, which only trades around 100 trades per year, its pretty much useless to demo or live it for testing purpose.
It needs reliable backtests for hint for its perfomance figures.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 29, 2013, 11:30:14 AM
Hey Walter.

You are claiming that your EA uses only open bars now. Could you explain why is tick backtest on same period and conditions still quite different than open bar test?
I use the best possible testing condtitions with Dukascopy tick data, TDS and, real spreads, spread padding as well as comissions injected in to data.


I like 3.0 changes a lot. Especially the logging capability of it. Now we can optimize it way better than we did before. It could still have a lot more filters for each pattern, but i quess at the moment is ok.
Yes, it takes profit when the bar closes past the "soft" TPs or SL is taken when it closes past the "soft" SL.
The only thing I can think of which could give slightly different results is the hard SL which is also set at Break Even at some point.
Which results were the best, open prices only or every tick?

Hey folks, what can I say, I ran it on what I think is good data and my results were good.
Title: Re: Harmonics Trader EA
Post by: tankbeta on October 29, 2013, 02:15:56 PM
walter may i know what kind of filtering is included in the EA before it trades the pattern?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 29, 2013, 03:14:18 PM
walter may i know what kind of filtering is included in the EA before it trades the pattern?
Only some kind of trend filter but not on all patterns.
Yes I know that I was against a trend filter in the past, but gave it a try this time.

I can see that some of you would like more external settings.
I avoided that because I thought it would only confuse most of the users, and it will.
And because the use of some of them is hard to explain.

Anyway, I will make more settings available in the next update and try to explain them.
Then you can test and tweak to the maximum.

And like I say on the web site: v2.9 is not dead, it is still the one with the most possibilities and there may even be an update on that one too.
You can consider Version 3 as a different series.
Title: Re: Harmonics Trader EA
Post by: tankbeta on October 29, 2013, 04:56:03 PM
my concerns with the HT EA is that without proper filtering and entry rules  harmonic patterns is just another losing system. before i trade a pattern i usually look for at least 2 filters ie. Trendline and strong supdemm area then sometimes i add fibo cluster and a good candle stick pattern for precise entry & best R:R entries. with the entry rules ie trading gartleys - i follow the 3 rules of gartleys 1.Must have an AB=CD,Pattern Symmetry 2.The B point retracement ideally at .618 of the XA leg and
3.garts should be on channels and etc etc. hopefully future versions will have this kind of filtering and entry rules to lessen the losing percentage

i see this indi+EA when used properly is the Holy Grail of Trading and the Money Machine.

anyway cheers walter for the wonderful work! great job!  ;)


Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 29, 2013, 05:29:28 PM
my concerns with the HT EA is that without proper filtering and entry rules  harmonic patterns is just another losing system. before i trade a pattern i usually look for at least 2 filters ie. Trendline and strong supdemm area then sometimes i add fibo cluster and a good candle stick pattern for precise entry & best R:R entries. with the entry rules ie trading gartleys - i follow the 3 rules of gartleys 1.Must have an AB=CD,Pattern Symmetry 2.The B point retracement ideally at .618 of the XA leg and
3.garts should be on channels and etc etc. hopefully future versions will have this kind of filtering and entry rules to lessen the losing percentage

i see this indi+EA when used properly is the Holy Grail of Trading and the Money Machine.

anyway cheers walter for the wonderful work! great job!  ;)
Thanks for your kind words tankbeta.
If you like a lot of filters you should stick to v2.9, it has most of the filters you mention and some more. (I'm not being sarcastic here)
When developing v3 I looked at and tried several filters, including candle recognition.
They work just as much as they fail, so what's the point.
There is so much we as humans can see and know which is very hard or even impossible to put into an EA.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 31, 2013, 12:43:02 AM
I just released HarmonicsTrader version 3.1
 
What's new:
- Like promised I unlocked extra settings
- Can now also be used on all Time Frames
- Some minor bug fixes
 
So my friends, knock yourselves out trying out these EXTRA settings.
I've tried my best in explaining those extra settings in the User Guide but if something is not clear, just ask.
 
Because version 3.x is quite different from the previous version 2.9, I like to consider it as a new series.
So we now have the "2 series", which is currently at version 2.9, and the "3 series" which is now at version 3.1.
You can use all versions / series simultaneously with the same license (1 license per account).
Title: Re: Harmonics Trader EA
Post by: ifouda on October 31, 2013, 08:19:36 AM
I just released HarmonicsTrader version 3.1
 
What's new:
- Like promised I unlocked extra settings
- Can now also be used on all Time Frames
- Some minor bug fixes
 
So my friends, knock yourselves out trying out these EXTRA settings.
I've tried my best in explaining those extra settings in the User Guide but if something is not clear, just ask.
 
Because version 3.x is quite different from the previous version 2.9, I like to consider it as a new series.
So we now have the "2 series", which is currently at version 2.9, and the "3 series" which is now at version 3.1.
You can use all versions / series simultaneously with the same license (1 license per account).

Hello Walter

can you please tell me what is the best pairs to be used with V2.9
Thanks
Ihab
Title: Re: Harmonics Trader EA
Post by: blamshakk on October 31, 2013, 09:34:57 AM
early days, but my v3 demo is not going well after a good first trade. running stock settings on about 9 pairs...

may get the v3.1 and apply sup/res filters etc if those settings are there
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 31, 2013, 03:27:27 PM
Hello Walter

can you please tell me what is the best pairs to be used with V2.9
Thanks
Ihab
Have a look here: http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
Advanced Statistics/summary.  You can sort all columns.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on October 31, 2013, 03:28:38 PM
early days, but my v3 demo is not going well after a good first trade. running stock settings on about 9 pairs...

may get the v3.1 and apply sup/res filters etc if those settings are there
Stick to default  EURUSD H1 unless you have tested other pairs/TF's
Adjust lot size.
Title: Re: Harmonics Trader EA
Post by: Nordmoor on November 01, 2013, 08:19:17 PM
Hello Walter,

do I need a second licence to test the 3.1 version on demo near my real account with version 2.9?
Will you publish an account with trades of the new version on your website?

Thank you and have a nice weekend!
Nordmooor
Title: Re: Harmonics Trader EA
Post by: yamez on November 03, 2013, 04:20:04 AM
In version 3.1, are the moving averages adjustable? The Period, MA method, apply to, are they all adjustable?
Title: Re: Harmonics Trader EA
Post by: yamez on November 06, 2013, 12:28:16 PM
In version 3.1, are the moving averages adjustable? The Period, MA method, apply to, are they all adjustable?


Worked it out myself, MAs are not adjustable. Would like this feature along with S/R back again.

Looking for Fibonaccia retracements to re-entry a trend, rather than using Stochastics, RSI ,etc..

Should be easy to insert adjustable MAs.

You can ignore may request, since I haven't bought HT yet.

Yamez.
Title: Re: Harmonics Trader EA
Post by: tankbeta on November 06, 2013, 02:04:37 PM
anyone here has a fxbook link of the new version in EURUSD only?
Title: Re: Harmonics Trader EA
Post by: blamshakk on November 07, 2013, 06:15:44 PM
after a shaky start, my v3.0 with stock settings running 9x H1 charts is recovering and is in the black now
Title: Re: Harmonics Trader EA
Post by: Nordmoor on November 07, 2013, 11:24:15 PM
after a shaky start, my v3.0 with stock settings running 9x H1 charts is recovering and is in the black now


Which pairs do you trade?
Title: Re: Harmonics Trader EA
Post by: Candlestick on November 10, 2013, 11:26:28 AM
Walter,

Which of the indicators are not hard coded to time frame?
I noticed that testing on H1 and H4 gives different results without changing any parameters in settings.
TfZUP change to 240 results to different outcome as well.
Its probably only because of trend filters are set to current time frame, right?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on November 10, 2013, 07:31:02 PM
Walter,

Which of the indicators are not hard coded to time frame?
I noticed that testing on H1 and H4 gives different results without changing any parameters in settings.
TfZUP change to 240 results to different outcome as well.
Its probably only because of trend filters are set to current time frame, right?
The EA works on the close of the bar, so running another TF will give different results.
All filters are set to current TF, except:
I have provided a TF setting for the ZUP in case one wants to look for patterns for instance on the H4 TF while closing orders when the H1 bar closes (so running H1)
Also the trailing SL is done with fractals and also here one can choose a different TF for fractals as the TF you are testing on.

In your case, if changed no parameters and running H4, the zup is still on H1 and you are trailing M15 fractals, but the order will be closed on the close of a H4 candle, hence different results.

I hope this is clear to you.
Title: Re: Harmonics Trader EA
Post by: Candlestick on November 10, 2013, 09:37:41 PM
Can you tell me how much effort you put in to optimising EA settings? Are you sure that your default settings give best results on EURUSD H1 or is there work to be done?
Title: Re: Harmonics Trader EA
Post by: tankbeta on November 18, 2013, 02:15:29 PM
walter

Check this out http://www.donnaforex.com/forum/index.php?topic=11703.0 (http://www.donnaforex.com/forum/index.php?topic=11703.0)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on November 29, 2013, 08:19:35 PM
Can you tell me how much effort you put in to optimising EA settings? Are you sure that your default settings give best results on EURUSD H1 or is there work to be done?
I have tested for months.
The only thing different among patterns is the so called "trend filter".
But then again...each pattern has it's own characteristics, so...
Also each pair has it's characteristics, hence other, sometimes not so good, performance.
Just to say that USDJPY should perhaps only be traded on the H4 or D1 time frame.

I will be releasing an update on version 2.9 with some "bug fixes" in a couple of days.
 
Title: Re: Harmonics Trader EA
Post by: Walter_HT on November 29, 2013, 08:20:54 PM
walter

Check this out http://www.donnaforex.com/forum/index.php?topic=11703.0 (http://www.donnaforex.com/forum/index.php?topic=11703.0)
Interesting, thanks. Although I have some thoughts about the subject.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 02, 2013, 07:24:48 PM
I have just released an update to the HarmonicsTrader "2 Series" with some important changes.
 
What's New:
• Parameter “MaxRisk”:  Sets the Maximum Risk % of account equity now only for HT v2.9.1.
   So other trades on this account do no longer interfere with HT v2.9.1
• PivSuppRes and SuppRes indicators not loaded when filter disabled.
• Divergence lines drawn when OsMADivFilter enabled.
   To see the lines, load the standard Moving Average of Oscillator (default settings of 12,26,9).
• Bug fix for SetBreakEven feature.
• Changed default settings. (Pretty similar to very first release)

Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 02, 2013, 07:34:17 PM
Hello Walter,

to can set a maximum account risk is a sensefull feature but a problem is to use it when another EA without a visible SL works in the same account.
Do you know a solution for this problem?
When I set the maximum account risk to 0 is it deactivated or will new trades blocked too?

Thanks in forward!
Issue Solved in HarmonicsTrader_v2.9.1  ;)
Title: Re: Harmonics Trader EA
Post by: Nordmoor on December 02, 2013, 09:31:07 PM
Great!  8)

What means the changed default settings? What are the difterences to the 2.9 version?
Title: Re: Harmonics Trader EA
Post by: philip on December 15, 2013, 07:28:19 AM
Hi Walter,



I hope you or  someone in here can help. What is the difference between the korharmonics v6.7.13 indicator and the ZUP indicator files you can find on the internet?

I know you use the ZUP files but was seeing if there is a difference?

Regards
Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 22, 2013, 11:29:02 PM
Hi Walter,



I hope you or  someone in here can help. What is the difference between the korharmonics v6.7.13 indicator and the ZUP indicator files you can find on the internet?

I know you use the ZUP files but was seeing if there is a difference?

Regards
I think that the right person to answer this question would be Kor.
Title: Re: Harmonics Trader EA
Post by: Candlestick on December 23, 2013, 08:42:15 AM
Enyone elses HT 3.1 makes trades of 10% risk while risk setting is put to 1%?
Kind of dangerous bug. So i put 0.2% now and it makes 2% risk trade.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 23, 2013, 10:02:36 AM
Enyone elses HT 3.1 makes trades of 10% risk while risk setting is put to 1%?
Kind of dangerous bug. So i put 0.2% now and it makes 2% risk trade.
This is not a bug!
This is NOT the risk taken for the trade like in version 2.9.1
In version 3.1, "Percent" is Percent of free margin is Lot size, just like it says.
Title: Re: Harmonics Trader EA
Post by: Candlestick on December 23, 2013, 12:59:44 PM
Of course. I dont know how i missed it.
Id rather have risk percentage instead, ok. Its not a big problem for me to adjust numbers to it.
Enyone elses HT 3.1 makes trades of 10% risk while risk setting is put to 1%?
Kind of dangerous bug. So i put 0.2% now and it makes 2% risk trade.
This is not a bug!
This is NOT the risk taken for the trade like in version 2.9.1
In version 3.1, "Percent" is Percent of free margin is Lot size, just like it says.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on February 09, 2014, 11:23:34 PM


Any idea how this is going to trade with build 600? I turned mine off...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 10, 2014, 12:18:22 AM
One person told me it wasn't working and I asked him to try the following which solved the issue:
Look for the icon you use to launch the MT4 terminal.
Right-click the shortcut icon, select Properties and modify the target from something like this "C:\Program Files\MetaTrader 4\terminal.exe"
to ​"C:\Program Files\MetaTrader 4\terminal.exe" /portable
(mind the space before /portable)
I will have to test and do the necessary changes if needed.
I will post the results here.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on February 12, 2014, 02:57:46 AM
I'm getting this error with build 600

2014.02.11 21:42:02.550   HarmonicsTrader_v2.9.1 GBPCHF,H4: cannot load library 'HarmonicsTrader_v2.9.1.dll' (error 126)

Well v3.1 looks okay but hasn't traded for me yet so I'm still unsure. Expecting issues  :P
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 12, 2014, 01:52:12 PM
I'm getting this error with build 600

2014.02.11 21:42:02.550   HarmonicsTrader_v2.9.1 GBPCHF,H4: cannot load library 'HarmonicsTrader_v2.9.1.dll' (error 126)

Well v3.1 looks okay but hasn't traded for me yet so I'm still unsure. Expecting issues  :P

I'm working on the EA's to adapt them to this new MT4 build.
A lot of code has to be rewritten.
You may expect an update any day now.
Meanwhile try to stick to the previous MT4 version.
I'm sure your broker must still have it.
They may say that they don't, but if you persist, they will send it to you.

Some information on changes: http://forum.mql4.com/60555 (http://forum.mql4.com/60555)
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on February 12, 2014, 03:12:58 PM
I'm working on the EA's to adapt them to this new MT4 build.

I have a couple of requests. One small One big.  :)
1) Give option in v3.1 to write our own description or Leave Blank!! the trade comments. Instead of "Bullish Gartley" or "Bearish Shark".

2) In v3.1 consider different position sizing options. Instead of all 3 entries being the same, why not have the first entry with smaller TP have larger lot size, middle order have next largest lot size, and the last order have smallest lot size. Seems like a better way to balance the risk. 0.15, 0.1, 0.05. Something like this...
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 14, 2014, 08:46:24 PM
Hello,
 
I just released two new versions of HarmonicsTrader:
HarmonicsTrader_v3.1.1 and HarmonicsTrader_v2.9.2
 
As you probably already know, MetaQuotes has released their new MT4 platform version 600.
The consequence was that many EA's and Indicators stopped working.
This by the new compiler and by the new folder structure.
 
I had to adapt too and I have been working hard since this new MT4 release.
But I got it all fixed :)
 
So if you upgraded your MT4 terminal, please download the new HarmonicsTrader files.
These are now zip files.
Please read the "Read me First.txt" file inside the zip file first before you do anything.
 
I took advantage of the situation by making HarmonicsTrader_v3.1.1 FIFO compliant.
(NFA Compliance Rule 2-43b)
So that's good news for you if you are an American trader.
 
If you have any questions or concerns you can reply to this e-mail.
 
Many green pips!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 17, 2014, 05:27:57 PM
I'm working on the EA's to adapt them to this new MT4 build.

I have a couple of requests. One small One big.  :)
1) Give option in v3.1 to write our own description or Leave Blank!! the trade comments. Instead of "Bullish Gartley" or "Bearish Shark".

2) In v3.1 consider different position sizing options. Instead of all 3 entries being the same, why not have the first entry with smaller TP have larger lot size, middle order have next largest lot size, and the last order have smallest lot size. Seems like a better way to balance the risk. 0.15, 0.1, 0.05. Something like this...
1) No problem
2) Don't like that
Title: Re: Harmonics Trader EA
Post by: felipebr on February 17, 2014, 06:00:50 PM
Hi people, I made one custom analysis in fxbabe myfxbook of Harmonics Trader and I picked up some pairs that is being profitable on this forward test.

http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)

So I will start to test it live with same default sets of that and using this best pairs... so far, only january was negative. My test is with version 2.9.2

And I'm testing on IC Markets demo, version 3.1.1 on all pairs and CFDs. I will report my findings.  :)

Regards
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 28, 2014, 10:34:06 AM
Live Testing

HT 2.9.2 default with 3% risk
i use the pairs from fxbabe's forward test http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) that has winning rate above 50%

http://www.myfxbook.com/members/tankbeta/harmonic-trading-system/850054 (http://www.myfxbook.com/members/tankbeta/harmonic-trading-system/850054)
Title: Re: Harmonics Trader EA
Post by: TradeNow on February 28, 2014, 10:57:56 AM
Thanks for making this puplic. +rep  :-*

Which timeframe? H1?

Best regards
Mark
Title: Re: Harmonics Trader EA
Post by: fxman on March 03, 2014, 05:43:31 PM
Live Testing

HT 2.9.2 default with 3% risk
i use the pairs from fxbabe's forward test http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964) that has winning rate above 50%

http://www.myfxbook.com/members/tankbeta/harmonic-trading-system/850054 (http://www.myfxbook.com/members/tankbeta/harmonic-trading-system/850054)

Nice job. Your result looks better . Also can try for EURJPY with GBPJPY.
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 04, 2014, 03:07:36 AM

Nice job. Your result looks better . Also can try for EURJPY with GBPJPY.

Yes EJ and GJ is included. yeah looks good at the beginning lets wait and see after 3-6months :)

TF is h1
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 11, 2014, 03:51:49 PM
Update for the Live testing ht 2.9.2

http://www.myfxbook.com/members/tankbeta/harmonics-trader-ea/850054 (http://www.myfxbook.com/members/tankbeta/harmonics-trader-ea/850054)

i added cadjpy nzdjpy gbpusd
Reason: i found out that cadjpy is above 50% winning rate. while nzdjpy and gbpusd is closely below 50% but the amount of pips it produced is above 100pips so i decided to add them.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on March 13, 2014, 01:35:41 AM
I'm working on the EA's to adapt them to this new MT4 build.

I have a couple of requests. One small One big.  :)
1) Give option in v3.1 to write our own description or Leave Blank!! the trade comments. Instead of "Bullish Gartley" or "Bearish Shark".

2) In v3.1 consider different position sizing options. Instead of all 3 entries being the same, why not have the first entry with smaller TP have larger lot size, middle order have next largest lot size, and the last order have smallest lot size. Seems like a better way to balance the risk. 0.15, 0.1, 0.05. Something like this...
1) No problem
2) Don't like that


Walter
     I absolutely love the way this thing trades! H1 open bar is so powerful IMHO. Attached is a chart of a basket in AudJpy that has +300 floating pips. I am live testing quite a few pairs with default settings. I didn't even back test, just threw them straight to a micro account at 0.01 lots.
**edit: Basket closed +305 pips ;D
          Also had a NzdUsd basket that closed for a -129 pip SL :(

     You said that you didn't agree with any type of position sizing that has different lot sizes in the same basket. Then I got to thinking... Some of these patterns will be more accurate than others, more profitable. Why can we not assign different risk% to the different patterns? Maybe Gartley is better than Shark on a certain pair and you want to trade it with higher lot sizes because it wins more. This idea seems perfectly suited for this strategy. Please tell me what you think.

Sean
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 13, 2014, 02:00:11 AM
I guess that's no problem.  Another person asked to add the SuppRes filter of v2.9.
I will integrate these features in the next update. (Maybe in a couple of days)
Title: Re: Harmonics Trader EA
Post by: frenchtrader7 on March 13, 2014, 06:41:41 AM
Hi sean please could you share with us your myfxbook?
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on March 13, 2014, 07:50:11 AM
Hi sean please could you share with us your myfxbook?

It would be of little value since I run so many other programs on this test account. But I will say that the best pair I've tested so far has been EurJpy. All default settings. +800 pips in Jan-Feb! Try it out, you will see...
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 14, 2014, 01:25:15 AM
I'm working on the EA's to adapt them to this new MT4 build.

I have a couple of requests. One small One big.  :)
1) Give option in v3.1 to write our own description or Leave Blank!! the trade comments. Instead of "Bullish Gartley" or "Bearish Shark".

2) In v3.1 consider different position sizing options. Instead of all 3 entries being the same, why not have the first entry with smaller TP have larger lot size, middle order have next largest lot size, and the last order have smallest lot size. Seems like a better way to balance the risk. 0.15, 0.1, 0.05. Something like this...
1) No problem
2) Don't like that


Walter
     I absolutely love the way this thing trades! H1 open bar is so powerful IMHO. Attached is a chart of a basket in AudJpy that has +300 floating pips. I am live testing quite a few pairs with default settings. I didn't even back test, just threw them straight to a micro account at 0.01 lots.
**edit: Basket closed +305 pips ;D
          Also had a NzdUsd basket that closed for a -129 pip SL :(

     You said that you didn't agree with any type of position sizing that has different lot sizes in the same basket. Then I got to thinking... Some of these patterns will be more accurate than others, more profitable. Why can we not assign different risk% to the different patterns? Maybe Gartley is better than Shark on a certain pair and you want to trade it with higher lot sizes because it wins more. This idea seems perfectly suited for this strategy. Please tell me what you think.

Sean

im up with  position sizing or scaling to position for HT to lessen risk and maximize reward tried it myself but i think implementing it in HT will not work perfectly. base from the forward test of others and my test. HT works perfectly with stop orders. unless you want to use the limit orders settings and do a forward test.
Title: Re: Harmonics Trader EA
Post by: blamshakk on March 14, 2014, 05:32:40 PM
sean,

great to hear that you are having such decent results. can you confirm that you are using v 3.1, and can you share your pairs and results so far?

many thanks man


Hi sean please could you share with us your myfxbook?

It would be of little value since I run so many other programs on this test account. But I will say that the best pair I've tested so far has been EurJpy. All default settings. +800 pips in Jan-Feb! Try it out, you will see...
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on March 14, 2014, 11:07:48 PM
sean,

great to hear that you are having such decent results. can you confirm that you are using v 3.1, and can you share your pairs and results so far?

many thanks man


Hi sean please could you share with us your myfxbook?

It would be of little value since I run so many other programs on this test account. But I will say that the best pair I've tested so far has been EurJpy. All default settings. +800 pips in Jan-Feb! Try it out, you will see...

Yes I am live testing v3.1 NOT 2.9.
In v3.1 the way it trades seems so much more sturdy and professional. I had very good results in v2.9 as well with GbpChf and EurChf on the H4 chart, but it always happened that I felt compelled to manually intervene by closing orders and locking in profits. To me it is more of a fun tool than a set & forget EA.

Now v3.1 is amazing to me. Walter mentioned in a previous post that he might add a Support/Resistance filter to this strategy. I am unsure what that is supposed to accomplish. Where will the edge be on an H1 chart? Would it possibly cause it to miss trades? Maybe it could help but my vote is to keep it simple. Less is more. I think it very unnecessary. Better would be to combine a High impact news filter in my opinion. Already a great job was done designing this.

On v3.1 at first I just ran EurUsd. My results were sporadic so I wanted to try something else. Then I just loaded EurJpy on to the chart. Holy cow what a difference! Could this just be a fluke? Probably, with results that drastic in such a short period of time I am expecting less pips in the future but hope that I am pleasantly surprised anyways. :) With build 600 and v3.1.1 I've just started testing this week and loaded a bunch on the chart. Now I live test with micro lots EurUsd, EurJpy, GbpJpy, ChfJpy, CadJpy, UsdJpy, AudJpy, AudUsd, NzdUsd, UsdCad, UsdChf. I am most interested in consistency and low drawdown. Noteworthy is that all of these pairs are being tested with default settings which surely can't be optimal.

So far:
EurJpy +830 pips (v3.1 build 509)
NzdUsd -100 pips
AudJpy +300 pips
UsdJpy -130 pips

Title: Re: Harmonics Trader EA
Post by: blamshakk on March 15, 2014, 12:04:07 AM
thanks thats great info man, please keep us posted

interesting that you have had no EJ trades since late january - is that because it hasnt taken trades since then or is it that you have stopped testing it?

Title: Re: Harmonics Trader EA
Post by: AtlantaSean on March 15, 2014, 10:59:32 AM

interesting that you have had no EJ trades since late january - is that because it hasnt taken trades since then or is it that you have stopped testing it?

Delayed by build 600
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 16, 2014, 02:47:31 AM
sean can you post the myfxbook link of your forward test.  ;)

thanks
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 18, 2014, 01:56:27 PM
HT live testing going 1 month old (https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2F5fohgccxv%2FHTEA.png&hash=c47f610a56599f6deb9aa81215cfa463)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 18, 2014, 05:19:34 PM
HT live testing going 1 month old

Nice !!!
 :) ;) ;D :P
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 18, 2014, 05:40:28 PM
Hi Folks!
I just sent this news letter:

------------------------------------------------------------------------------------------------------------------------------------------------------------
HarmonicsTrader Version 2.9.3 and Version 3.2 are released!
 
One major change which I think will be appreciated by many people:
HarmonicsTrader (both new versions) can now be used on Unlimited Demo Accounts with only one License!
 
How this works:
When used on a Demo account, the last name and first name of the owner of that (those) demo account(s) has to match the last name and first name of the PayPal transaction used to obtain the license.
If you used someone else’s PayPal account (or other ways) to buy a license (which can be perfectly normal), the names will not match and it will not work.
If this is the case, just let me know so that I can adjust things for you.
 
Further changes are...
For HarmonicsTrader_v3.2:
• Added Support & Resistance filter
I implemented this filter on request of a customer and it is not been back-tested for results or optimization.
So default setting is All Off
• Custom Order Comment.  This was another request.
 
For HarmonicsTrader_v2.9.3
• Bug fix: big log files when order send failure, resulting in computer hang up
• Changed default settings: 1st TP to 37%: On several occasions I saw that the first TP was missed by as little as 1 pip, so changed setting from 38.2 (fib) to 37%.
• ATRFilter Off: To also enter on those sometimes big spikes.
• Risk 5%, MaxRisk 15%: Market is behaving lately :)
• Slightly change in entry rules

If you have any questions or concerns you can reply to this e-mail.
 
Many green pips!
 
Walter
http://HarmonicsTrader.com (http://HarmonicsTrader.com)
Stay informed and leave your e-mail address at:
http://harmonicstrader.com/download.php (http://harmonicstrader.com/download.php)

------------------------------------------------------------------------------------------------------------------------------------------------------------

For v3.2, adding the possibility to have different lot sizes for different patterns didn't seem such a good idea, so I left that out.
I did however add a SuppResFilter because of a specific request of a customer, but I left it OFF by default, so nothing changes here.
I agree with AtlantaSean that I should keep things simple.  By the way Sean, thanks for the nice words.
Adding or enabling filters is always a double-edged sword. I do think that the current settings (v2.9.x) are good for the current market. (tankbeta's account is prove of that)
Title: Re: Harmonics Trader EA
Post by: tankbeta on March 19, 2014, 01:46:08 AM
walter

would it be better if i update my HT live testing with the new EA? what do you think?

Risk 5%, MaxRisk 15%: Market is behaving lately :)
-can you explain more why you set it at R:5%- MaxRisk:15%.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on March 19, 2014, 10:28:14 AM
walter

would it be better if i update my HT live testing with the new EA? what do you think?

Risk 5%, MaxRisk 15%: Market is behaving lately :)
-can you explain more why you set it at R:5%- MaxRisk:15%.

Yes you should update (bug fix)
You only have to copy the EA.ex4 and the DLL to the right place (v2.9.3), all the rest of the indi's and stuff are the same.
Risk settings are a personal choice  ;)
Title: Re: Harmonics Trader EA
Post by: yamez on March 25, 2014, 01:13:27 PM

Yes I am live testing v3.1 NOT 2.9.
In v3.1 the way it trades seems so much more sturdy and professional. I had very good results in v2.9 as well with GbpChf and EurChf on the H4 chart, but it always happened that I felt compelled to manually intervene by closing orders and locking in profits. To me it is more of a fun tool than a set & forget EA.

Now v3.1 is amazing to me. Walter mentioned in a previous post that he might add a Support/Resistance filter to this strategy. I am unsure what that is supposed to accomplish. Where will the edge be on an H1 chart? Would it possibly cause it to miss trades? Maybe it could help but my vote is to keep it simple. Less is more. I think it very unnecessary. Better would be to combine a High impact news filter in my opinion. Already a great job was done designing this.

On v3.1 at first I just ran EurUsd. My results were sporadic so I wanted to try something else. Then I just loaded EurJpy on to the chart. Holy cow what a difference! Could this just be a fluke? Probably...

I agree with a news filter. I have observed the "fake" patterns any ZUP indi will produce during news. Pay attention, you will too.

Additional filtering via H1 TMA with HTF trend, using 2 x MA, is useful too. HTF re-tracements require patience. Less trades but more accurate.

ZUP indi by itself is no good, unless you are a master of MT4 optimization or have large capital with very good MM.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on April 09, 2014, 03:42:23 AM
Wanted to post an update of my live testing. I went full retard by going live out of the box many pairs of v3.1 without back testing just to see where the results might end up. I will stop now.  :P

Interesting that EurJpy has not traded even once for me during this time. Was my biggest gainer a month or two ago. EurUsd has seen some trade activity, although nothing spectacular but it has posted some gains. Most pairs were losers, especially NzdUsd, AudUsd, GbpJpy, CadJpy, EurCad. Some pairs didn't trade at all. This was just a feeler and nothing conclusive can be shown from this. It did educate me a little bit though on pattern formations of the different currency pairs and with more testing I believe that another gem can be found because of the way some pairs trade and the frequency of potential pattern offerings. One pair in particular that deserves attention is AudJpy. Was the biggest winner! Unfortunately it did not offset my losses from the other pairs. Net result? About -1000 pips.

My plan now is to focus on EurJpy and AudJpy and try to optimize them....

***I should also note that the biggest loser was AudUsd. One thing though is that it tends to trade frequently so I might have another look into this as well. Maybe by just testing the classical patterns to start. Bat, Crab, Gartley, Butterfly, Shark. It likes the Shark  :)

Title: Re: Harmonics Trader EA
Post by: Candlestick on April 09, 2014, 06:40:34 PM
Hey!
I advice you do not put this EA on live charts without backtesting it for at least 6 years and optimizing accordingly.
Pairs which can be profitable are EURUSD, USDJPY, USDCAD. The rest are largely dice roll or not profitable at all.
Please also keep in mind that even if you adjust it for 6 years period, its still curve fitting. This EA simply does not trade enough.
Im not going to give anyone set files. Im simply telling you my experience with Harmonic trader. I have tested and backtested this EA hundreds of hours.
Title: Re: Harmonics Trader EA
Post by: felipebr on April 09, 2014, 10:50:00 PM
Hey!
I advice you do not put this EA on live charts without backtesting it for at least 6 years and optimizing accordingly.
Pairs which can be profitable are EURUSD, USDJPY, USDCAD. The rest are largely dice roll or not profitable at all.
Please also keep in mind that even if you adjust it for 6 years period, its still curve fitting. This EA simply does not trade enough.
Im not going to give anyone set files. Im simply telling you my experience with Harmonic trader. I have tested and backtested this EA hundreds of hours.


Hi, I'm sorry but.. do you think this is dice roll ? http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
You can see almost one year history and about 10 profitable pairs.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on April 10, 2014, 05:42:38 AM
Hey!
I advice you do not put this EA on live charts without backtesting it for at least 6 years and optimizing accordingly.
Pairs which can be profitable are EURUSD, USDJPY, USDCAD. The rest are largely dice roll or not profitable at all.
Please also keep in mind that even if you adjust it for 6 years period, its still curve fitting. This EA simply does not trade enough.
Im not going to give anyone set files. Im simply telling you my experience with Harmonic trader. I have tested and backtested this EA hundreds of hours.

Yes you are correct about blind live testing but it was only 0.01 lots so I looked to take a tiny risk with EurJpy. I was happily surprised! Everything was done using v3.1 only. Love the H1 open bar order logic, I think it's so solid. UsdJpy didn't win at all for me but if you say it's good then I might investigate that further.

As far as optimizing and curve fitting I would try to back test with data as far back as possible, making robustness the priority. The only input I would really change would be the patterns boolean variables. Patterns and trend filters. That's it. Testing methodically takes some time but I don't expect the output to declare EurJpy and AudJpy losers. Especially after naked live testing and showing a profit. Yes it could be a fluke, I accept that. My intuition thinks the opposite. :)
Title: Re: Harmonics Trader EA
Post by: Candlestick on April 10, 2014, 09:46:02 AM
Hi, I'm sorry but.. do you think this is dice roll ? http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
You can see almost one year history and about 10 profitable pairs.

What you dont see, is maximum trades around 30 from each pair. Now divide this number by 3, because EA opens 3 trades at once. How much you get? 10-12 trades per year. This is nowhere near to be solid indicator.
But surely it gives a clue about which pairs can do better than others, if optimized.
Title: Re: Harmonics Trader EA
Post by: Candlestick on April 14, 2014, 09:49:16 AM
Question to Walter.
Will 3.2 behave identically to 3.1 when i upgrade?
I am still using 3.1, because im on old mt4 and it works perfectly.
I am also backtesting on older mt4 version.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on April 14, 2014, 10:17:25 AM
Question to Walter.
Will 3.2 behave identically to 3.1 when i upgrade?
I am still using 3.1, because im on old mt4 and it works perfectly.
I am also backtesting on older mt4 version.
Yes it will.
New build mt4 has to run in " /portable" mode.
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on April 30, 2014, 11:54:20 PM
EurJpy v3.1.1 Trade history for April on FXDD US MM micro account

Very solid! Does not trade much but maybe it doesn't have to.

Default settings except: StartTrailingAfterBars= 12
Title: Re: Harmonics Trader EA
Post by: chrisyeap on May 01, 2014, 06:36:03 AM
EurJpy v3.1.1 Trade history for April on FXDD US MM micro account

Very solid! Does not trade much but maybe it doesn't have to.

Default settings except: StartTrailingAfterBars= 12

Hi, What timeframe on EJ?  H1?
Thanks
Chris
Title: Re: Harmonics Trader EA
Post by: Candlestick on May 01, 2014, 06:53:56 AM
Please understand one simple fact. This EA trades harmonic patterns on high timeframes.  :D
Of course it doesnt trade much! This EA can easily be in drawdown for 3 consecutive years and then be profitable for next 4 consecutive years. On any pair.
Results for 1-2 months do not show any useful info. Even results for 1-2 years can not be used as perfomance indicator.
If you want to be profitable using this EA, then you need to backtest it for 6-12 years and optimize accordingly.
You have been warned. :)
Good luck!
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on May 01, 2014, 01:05:26 PM
You have been warned. :)

You're scaring me man. I will take your advice and test thoroughly before I put on bigger account.


Hi, What timeframe on EJ?  H1?

Yes H1
Title: Re: Harmonics Trader EA
Post by: AtlantaSean on June 11, 2014, 11:29:42 PM
Walter

Was wondering if you would consider adding an option in v3.2.1 to control the amount of opening trades? Would be nice to live test using one order only. I like that it uses basket orders but have always wanted to only run one, or even two orders per trade.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 12, 2014, 12:07:45 AM
Walter

Was wondering if you would consider adding an option in v3.2.1 to control the amount of opening trades? Would be nice to live test using one order only. I like that it uses basket orders but have always wanted to only run one, or even two orders per trade.
Hi Sean,
That would change the whole concept of the strategy I'm afraid.
I don't see the problem, why don't you lower the lot size to 1/3?

Something completely different now:
I have been working on an indicator and I published it a few moments ago.
It's an Economic News Indicator and it is FREE for the people who already have a HarmonicsTrader license.
Here are the features:
• Automatically downloads the Forex Economic Calendar.
• Automatically calculates all Time Offsets.
• Draws vertical lines on the chart at the times of Forex Economic News.
• Alert prior to News at a preset time.
• E-mail prior to News at a preset time.
• Notification (sms) prior to News at a preset time.
• Disable/Enable AutoTrading on the MT4 platform at preset times.
• Shows time left to next Forex Economic News event.
• Currencies to display can be chosen.
• Importance of news can be filtered.
• Shows the news on mouse-over.
• FREE lifetime support and updates.
• FREE for HarmonicsTrader users!
• And more ………

You can download it here:
http://harmonicstrader.com/newsindi.php (http://harmonicstrader.com/newsindi.php)

Enjoy!
Title: Re: Harmonics Trader EA
Post by: tankbeta on June 30, 2014, 01:42:56 AM
hello everyone

anyone here knows the exact settings of fxbabe's forward test? http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
Title: Re: Harmonics Trader EA
Post by: felipebr on June 30, 2014, 01:53:05 PM
hello everyone

anyone here knows the exact settings of fxbabe's forward test? http://www.myfxbook.com/members/fxbabe/hta28-h1/530964 (http://www.myfxbook.com/members/fxbabe/hta28-h1/530964)
I tryed to contact fxbabe to know it, but got not answer. I think it's default settings but I could not get the same trades in my live account, even Walter tryed to help me but my results was very different. Anyway, the default settings are good also with the best pairs.

Regards
Title: Re: Harmonics Trader EA
Post by: TradeNow on November 23, 2014, 06:05:27 PM
Anybody running latest v3 on eurusd only?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on November 27, 2014, 12:28:19 PM
Dear Harmonics Trader,
 
Last night I released an update for HarmonicsTrader 3 series: HarmonicsTrader_v3.2.2

What's new
• Changed default settings “ShiftMiddleLinePRZ_Percent”, “TP1factor”, “TfFractalsTrSt” and “SetBreakEven”
to optimize for the last 3 years (Nov 2011 – Nov 2014) because I believe that this is relevant to current market situation.
This gives a Profit Factor of 2.01
• Added “Ghost Patterns” for analyzing trades.  (Draw_Ghost_Patterns setting)
• Bug fix: EA not working when chosen Lot Size is too big, resulting in not managing already open positions.

FOR ALL NEW LICENSES:
Sign up for a HotForex Real Money Account within the "30 day Money Back Guarantee" period to use HarmonicsTrader on and get a 50% refund.
Please use this link: https://www.hotforex.com/shared/?refid=10927 (https://www.hotforex.com/shared/?refid=10927)
Just e-mail me at support@harmonicstrader.com to tell me this HotForex account number and I will activate HarmonicsTrader for that account.

Please spread the word and many green pips!
Thanks,
Walter

PS:  Test results are on the web site. http://harmonicstrader.com/index.php (http://harmonicstrader.com/index.php)
Title: Re: Harmonics Trader EA
Post by: yamez on December 06, 2014, 01:53:20 PM
Does your Forex Economic Calendar Indicator turn off an EA placed on one chart if currencies on that chart are of high impact news? Thus leaving others EAs on charts with currencies of no high impact news unaffected?

Does Forex Economic Calendar Indicator have push notifications?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 06, 2014, 03:13:54 PM
Walt ShowNews v2.3 toggles ON/OFF the AutoTrading button of the platform.
So all EA's in that platform are affected.
Unfortunately I have not found a way (yet) to turn on/off individual EAs, Pairs.

Yes it has push notifications.
See: http://harmonicstrader.com/newsindi.php (http://harmonicstrader.com/newsindi.php)
Title: Re: Harmonics Trader EA
Post by: system3 on December 15, 2014, 11:24:48 AM
hi Walter,

When i backtest, showed:

2014.12.15 19:06:03.740   2014.09.01 00:03  HarmonicsTrader_v3.2.2 EURUSD,H1: Alert: The integrity of the files has been compromised!. EA does not work!

both 2 versions.

Pls help.

BR
Title: Re: Harmonics Trader EA
Post by: Walter_HT on December 16, 2014, 12:36:47 AM
hi Walter,

When i backtest, showed:

2014.12.15 19:06:03.740   2014.09.01 00:03  HarmonicsTrader_v3.2.2 EURUSD,H1: Alert: The integrity of the files has been compromised!. EA does not work!

both 2 versions.

Pls help.

BR
Use installation file.
Make sure that you have a good internet connection.
Make sure that Allow dll calls is checked.
Restart MT4.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on January 13, 2015, 03:33:24 PM
Some clients reported that HarmonicsTrader was not working on their VPS.
If the internet security level is very high, then the license check, which is done over a secure internet connection (https), fails.
 
So I have updated HarmonicsTrader to do the license check over a non secure internet connection.
Problem solved.
 
If your HarmonicsTrader v3.2.3 is working then you do not need to update.
Otherwise you may download and install the new v3.2.4
Title: Re: Harmonics Trader EA
Post by: felipebr on February 10, 2015, 04:42:52 PM
Hi people, my demo test of the last version is here:

http://www.myfxbook.com/members/felipexz/mt4-935906/1147214 (http://www.myfxbook.com/members/felipexz/mt4-935906/1147214)

I setup it in all CFDs some major, crosses and exotics. All patterns true.
It's going very good but I think my risk for trading CFDs is little high... more drawdown can come soon.
The minimum lot size for CFDs is 1.0.
It's trading since day 2 february.

Regards
Title: Re: Harmonics Trader EA
Post by: chrisyeap on February 10, 2015, 04:52:51 PM
Hi, great results.  Can share your setting please. :)
Title: Re: Harmonics Trader EA
Post by: felipebr on February 10, 2015, 07:22:20 PM
Yes but as I said, it's a high risk for a $2000 account... try on demo first:

H1 TF
All patterns true
All filters default
Risk 0.5

Thats all I changed, nothing more... the results are very impressive untill now and I didn't close any trade manually, but I would not put it in live account yet.

Regards
Title: Re: Harmonics Trader EA
Post by: TradeNow on February 10, 2015, 07:27:30 PM
Yes but as I said, it's a high risk for a $2000 account... try on demo first:

H1 TF
All patterns true
All filters default
Risk 0.5

Thats all I changed, nothing more... the results are very impressive untill now and I didn't close any trade manually, but I would not put it in live account yet.

Regards

which version do you use? latest version was optimized for eurusd only as far as i know.
br Mark
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 10, 2015, 07:28:16 PM
Yes but as I said, it's a high risk for a $2000 account... try on demo first:

H1 TF
All patterns true
All filters default
Risk 0.5

Thats all I changed, nothing more... the results are very impressive untill now and I didn't close any trade manually, but I would not put it in live account yet.

Regards
Do you mean "Percent  = 0.5"? (v3.2.4)
Title: Re: Harmonics Trader EA
Post by: felipebr on February 10, 2015, 07:31:57 PM
Yes I'm using the latest 3.2.4, I didn't have time to optimize it... just trowed it in charts changing only that few parameters.
Yes Walter, my mistake. The right parameter is "Percent" = 0.5.
Title: Re: Harmonics Trader EA
Post by: TradeNow on February 10, 2015, 07:33:39 PM
hmm maybe walter can tell us something about the latest version.... :D
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 10, 2015, 08:27:23 PM
hmm maybe walter can tell us something about the latest version.... :D
HarmonicsTrader_v3.2.4 is the latest version.
You can download it at: http://harmonicstrader.com/ (http://harmonicstrader.com/)
Title: Re: Harmonics Trader EA
Post by: TradeNow on February 10, 2015, 08:40:28 PM
hmm maybe walter can tell us something about the latest version.... :D
HarmonicsTrader_v3.2.4 is the latest version.
You can download it at: http://harmonicstrader.com/ (http://harmonicstrader.com/)

yes thank you but wasnt that the version for eurusd only?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 10, 2015, 09:38:41 PM
hmm maybe walter can tell us something about the latest version.... :D
HarmonicsTrader_v3.2.4 is the latest version.
You can download it at: http://harmonicstrader.com/ (http://harmonicstrader.com/)

yes thank you but wasnt that the version for eurusd only?
HarmonicsTrader is designed and optimised for EURUSD H1 but it can be used on any instrument or time frame.
See:
http://harmonicstrader.com/#about (http://harmonicstrader.com/#about)
and page 4 of the User Guide  ;)
Title: Re: Harmonics Trader EA
Post by: tankbeta on February 11, 2015, 05:45:52 AM
Hi people, my demo test of the last version is here:

http://www.myfxbook.com/members/felipexz/mt4-935906/1147214 (http://www.myfxbook.com/members/felipexz/mt4-935906/1147214)

I setup it in all CFDs some major, crosses and exotics. All patterns true.
It's going very good but I think my risk for trading CFDs is little high... more drawdown can come soon.
The minimum lot size for CFDs is 1.0.
It's trading since day 2 february.

Regards

 8) nice!
Title: Re: Harmonics Trader EA
Post by: TradeNow on February 11, 2015, 09:21:31 AM
HarmonicsTrader is designed and optimised for EURUSD H1 but it can be used on any instrument or time frame.
See:
http://harmonicstrader.com/#about (http://harmonicstrader.com/#about)
and page 4 of the User Guide  ;)

thank you  :-*
Title: Re: Harmonics Trader EA
Post by: sienna on February 12, 2015, 07:26:27 AM
Does anyone know: Is this the same company as (or is it affiliated somehow)  with    www.fxgroundworks.com (http://www.fxgroundworks.com) ?
thanks
Title: Re: Harmonics Trader EA
Post by: Walter_HT on February 22, 2015, 11:00:08 PM
Does anyone know: Is this the same company as (or is it affiliated somehow)  with    www.fxgroundworks.com (http://www.fxgroundworks.com) ?
thanks
No, not the same company nor any affiliation with that company ;)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 03, 2015, 10:18:17 AM
HarmonicsTrader is now updated to HarmonicsTrader_v3.2.7

What's new:

• Dropdown lists in settings for MoneyManagement, TrendFilter, SuppResFilter, TfZUP and TfFractalsTrSt for easier selection.
• Resuming numbering of Ghost Patterns where left off after restarting MT4 platform.
Can be controlled by new setting ResetGhostPatternNumberingOnRestart

Bug fixes:

• Not opening all orders.
• Ghost pattern not always drawn.

Have a nice weekend!

Title: Re: Harmonics Trader EA
Post by: Candlestick on May 06, 2015, 08:36:52 AM
Walter, you've got a PM.
Title: Re: Harmonics Trader EA
Post by: alasdeaguila on May 06, 2015, 09:04:48 PM

can you share your BT tickdata , thanks
Title: Re: Harmonics Trader EA
Post by: tankbeta on May 19, 2015, 03:24:03 AM
doing great. 5months performance
Title: Re: Harmonics Trader EA
Post by: Candlestick on June 02, 2015, 06:41:25 AM
Quote from: tankbeta link=msg=340157 date=1432002243

doing great. 5months performance


Its just an illusion. The EA uses 10% per position risk. So the entire profit can easily be lost in 4 consecutive losers. Sooner or later when EURUSD starts strongly trending, the consecutive losers will come. This is why this EA needs regular curve tweaking and updating.
This EA is a good tool, but in no means is it set&forget.
Title: Re: Harmonics Trader EA
Post by: chrisyeap on June 23, 2015, 12:14:28 PM
Hi Walter, is your 3.2.7 version setting using default's setting?  Mine take a lost on Gartley pattern but I saw your myfxbook didn't know take any trades.

Regards
Christopher Yeap
Title: Re: Harmonics Trader EA
Post by: canis on December 10, 2016, 04:24:58 AM
Recently I received a letter from them. Anyone working with this EA?



Dear trader,

HT is now updated to HarmonicsTrader_v3.4.3

I've added a new pattern: “Emerging Cypher”.
It is traded from point C towards point D.

After some good live results with this pattern I thought that it was time to release the update!
See: http://www.myfxbook.com/members/Walter_HT/harmonicstrader/1761412

Please update or get your first copy!
http://www.harmonicstrader.com/#download

If you have any questions or concerns, please let me know.

Best regards,

Walter
http://HarmonicsTrader.com

PS: a User Guide will be placed on your desktop upon installation.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on December 18, 2016, 01:02:25 AM
I am using it and have been for some time; it's a good EA if you keep your risk reasonable.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on March 24, 2017, 09:40:33 PM
Finally, Walter the developer of HT put out his latest update. I must say, I am quite disappointed! :-[

1- There is no way for the user to control risk: The developer says this is automatic, "it manages lot size according to account size and leverage". I don't think any serious user would allow the EA to set risk.

2- He sets the initial "Max lot size to 1000"? This is very dangerous for any EA to have such leeway; especially if there is a bug in the EA and all of a sudden it goes awry or it's a new user who does not know what he/she are doing.

3- The developer presents no demo tests which he has run for at least the minimum of 3 months evaluation and the two live tests are useless since they have a lot which is hidden, especially lot size. Track Record Not Verified, Trading Privileges Not Verified.

I hope Walter does the right thing and pull this update and rework it if he wants to get the market's attention at the expensive price of "Limited Time Offer!
Only €299".

Title: Re: Harmonics Trader EA
Post by: adamkhang on March 25, 2017, 01:13:24 AM
Hi Guys,

I want to run this ea on a demo account, if anyone already bought it, can i borrow your EA to run on demo account ? off course i will pay a small amount to test.

thanks
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on March 25, 2017, 03:15:23 AM
Hi Guys,

I want to run this ea on a demo account, if anyone already bought it, can i borrow your EA to run on demo account ? off course i will pay a small amount to test.

thanks


I think you can just download it from the site and run it as a demo without a license.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 25, 2017, 09:58:31 AM
Hi Guys,

I want to run this ea on a demo account, if anyone already bought it, can i borrow your EA to run on demo account ? off course i will pay a small amount to test.

thanks


I think you can just download it from the site and run it as a demo without a license.
Will visit website and see whether this is true
If so I will test on live cent account
Title: Re: Harmonics Trader EA
Post by: reinerh on March 25, 2017, 11:10:34 AM

i tried to bt, it wont work 99% for me at least.

closed bar it does, but it bombs = results.

he must have uploaded a bad file i assume.

or its me, did anybody manage to do a 99% backtest ?
Title: Re: Harmonics Trader EA
Post by: dutchie on March 25, 2017, 11:38:37 AM

i tried to bt, it wont work 99% for me at least.

closed bar it does, but it bombs = results.

he must have uploaded a bad file i assume.

or its me, did anybody manage to do a 99% backtest ?
wreslting with my license for demo account.
" serial number 0 does not match this account name"
Tried my MT4 account name in the license field but same message

How did you activated the demo?
Or are you only using the backtest function?
Title: Re: Harmonics Trader EA
Post by: reinerh on March 25, 2017, 12:04:33 PM

for a backtest it does not need to be activated.

but 99% bt wont work for me, only closed bars and with that it bombs.

Title: Re: Harmonics Trader EA
Post by: dutchie on March 25, 2017, 01:45:23 PM

i tried to bt, it wont work 99% for me at least.

closed bar it does, but it bombs = results.

he must have uploaded a bad file i assume.

or its me, did anybody manage to do a 99% backtest ?
Worked fine for me.
From 10,000 to 79,000 in test period 2016

Did not do a 99% tickdata backtest.
Maybe somebody else could do that
Title: Re: Harmonics Trader EA
Post by: reinerh on March 25, 2017, 02:01:39 PM
v4.1

worked for you ???

the previous version backtested fine for me as well, but the latest i cant get to work.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 25, 2017, 03:01:28 PM
v4.1

worked for you ???

the previous version backtested fine for me as well, but the latest i cant get to work.
Yip V4.1 worked fine.
Run the .exe file, startup backtest and running on EURUSD H1
Be aware that's only working for EURUSD H1
Maybe you should download it again and reinstall it on MT4 (delete V4.1 on MT4  first)
Title: Re: Harmonics Trader EA
Post by: reinerh on March 25, 2017, 04:01:01 PM
i am using birts tds suite.

walter told me about some settings need to be adjusted which i did. still no luck mostly.

it backtests now but only 2 months or so.

and yes i have all data for eu :)

i give up for today, my brain is dead now.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 25, 2017, 06:48:04 PM
hmmm 3 years backtest on 99% tickdata
not bad
Title: Re: Harmonics Trader EA
Post by: reinerh on March 26, 2017, 02:19:39 AM
i finally got it to bt, sheesh.....

i rebooted my computer and then it worked just fine.

and its pretty darn good, no question.

from 14 to now its optimised. the mm is quite wicked = sometimes going smaller lot size.

also it can trade both directions at the same time, very interesting.
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 02:54:46 AM
I think you can just download it from the site and run it as a demo without a license.

i want to forward test with a demo account, not a back test, history can not say anything.
do you have a license with a demo account ? Can i borrow it ? i will pay for that.

thanks
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 02:56:13 AM

Will visit website and see whether this is true
If so I will test on live cent account

you can only back test with v4.1 , but the result is not good like the old version (3.xx)
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 02:57:52 AM

i tried to bt, it wont work 99% for me at least.

closed bar it does, but it bombs = results.

he must have uploaded a bad file i assume.

or its me, did anybody manage to do a 99% backtest ?

back test is meaningless, he updates every-time, so the result will be different from the current account at myfxbook.
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 03:00:58 AM
hmmm 3 years backtest on 99% tickdata
not bad

if you back test from the beginning of this 2017, the result will be terrible
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 03:04:30 AM
Quote
- Demo accounts: activation is not required for Demo accounts but the last name of the owner of that (those) demo account(s) has to match the registered last name on file provided to obtain the license.

can someone give me a demo account at fxpro.com so that i can do forward test on next week ?
i will pay for this.

thanks
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 03:08:23 AM
3 months backtest with version 4.1

(https://charts.mql5.com/14/507/wti-d1-fxpro-financial-services.png)

(https://charts.mql5.com/14/507/wti-d1-fxpro-financial-services-2.png)

Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 12:10:20 PM
When you make an analyse of every backtest you will see that there are periods with heavy losses.
But overall backtest picture is very positive.
Very interesting to run this EA together with EA Controller
Title: Re: Harmonics Trader EA
Post by: reinerh on March 26, 2017, 02:17:34 PM
When you make an analyse of every backtest you will see that there are periods with heavy losses.
But overall backtest picture is very positive.
Very interesting to run this EA together with EA Controller

the heaviest losses i could see is only at the very end = last 4 weeks or so

prior to that from 14 to now its very smooth.

the ea controller would work well on this one, yes.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 02:23:50 PM
When you make an analyse of every backtest you will see that there are periods with heavy losses.
But overall backtest picture is very positive.
Very interesting to run this EA together with EA Controller

the heaviest losses i could see is only at the very end = last 4 weeks or so

prior to that from 14 to now its very smooth.

the ea controller would work well on this one, yes.
This is a test for 2016 till 2017-03.
Yaeh, last  month wiped out 50% of the 2016 profit (Incl. stop at close)
But still overall good results
Title: Re: Harmonics Trader EA
Post by: reinerh on March 26, 2017, 02:36:01 PM
dutchie,

your kink at the end does not match mine.

yours is 50% basically, now look at mine, not anywhere close.

also i ran it fixed and then of course its much smoother.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 03:22:10 PM
dutchie,

your kink at the end does not match mine.

yours is 50% basically, now look at mine, not anywhere close.

also i ran it fixed and then of course its much smoother.
What a difference  :P
Another proof that backtest can vary very much.
Mine is a 90% backtest with variable spread
Yours are 99% backtest with fixed spreads
Running it live on a cent account with a myfxbook link might/will tell us more.

Title: Re: Harmonics Trader EA
Post by: reinerh on March 26, 2017, 04:27:40 PM

i think the difference is that 99% is much more accurate.

i run several ea which match bt almost 100%

to date i have seen a few 90% which were extremely close to 99% but not to many.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 06:12:21 PM

i think the difference is that 99% is much more accurate.

i run several ea which match bt almost 100%

to date i have seen a few 90% which were extremely close to 99% but not to many.
Absolutely.
I should start with 99% tickdata again.
But prefer to test live on a cent account for at least six months before I add any EA to a normal account
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 07:27:37 PM
Quote
Absolutely.
I should start with 99% tickdata again.
But prefer to test live on a cent account for at least six months before I add any EA to a normal account

Can someone sell me a demo account ? I want to run a forward test
thanks
or nobody ever bought this ea ? just run back test ????
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 26, 2017, 07:32:23 PM
Quote
This is a test for 2016 till 2017-03.
Yaeh, last  month wiped out 50% of the 2016 profit (Incl. stop at close)
But still overall good results

how can you say good results when it wipe out all 50% of  your account ?
for example, you begin to trade with your real money, and the first 3 weeks, you only have 50% of your initial balance ?
Title: Re: Harmonics Trader EA
Post by: reinerh on March 26, 2017, 09:24:29 PM
Quote
This is a test for 2016 till 2017-03.
Yaeh, last  month wiped out 50% of the 2016 profit (Incl. stop at close)
But still overall good results

how can you say good results when it wipe out all 50% of  your account ?
for example, you begin to trade with your real money, and the first 3 weeks, you only have 50% of your initial balance ?

its not 50%, see my backtest i posted.

mine were done 99% which is much more accurate.

also want to report walter is working on implementing mm as well as a few other little helpfull tweaks.

the results are mighty good and i am very certain that with this new version bt will match forward very closely.

i did compare the previous version bt to actual forward and they were almost dead on.

and that is key to me personally that bt matches to forward.

i could name countless ea which this is not the case, but its sure true for a lot of the newer ones.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 09:25:35 PM
Quote
This is a test for 2016 till 2017-03.
Yaeh, last  month wiped out 50% of the 2016 profit (Incl. stop at close)
But still overall good results

how can you say good results when it wipe out all 50% of  your account ?
for example, you begin to trade with your real money, and the first 3 weeks, you only have 50% of your initial balance ?
Sorry, don't think my backtest is representative for the EA.
Just used MT4 with 90% data.
Forget that one
Title: Re: Harmonics Trader EA
Post by: dutchie on March 26, 2017, 09:28:00 PM
Quote
Absolutely.
I should start with 99% tickdata again.
But prefer to test live on a cent account for at least six months before I add any EA to a normal account

Can someone sell me a demo account ? I want to run a forward test
thanks
or nobody ever bought this ea ? just run back test ????

I'm in discussion with Walter through mail.
When answers on my questions are good I will buy the EA and run it on a cent account.

How and with what will you run a forward test?
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 27, 2017, 12:38:10 AM
Quote
I'm in discussion with Walter through mail.
When answers on my questions are good I will buy the EA and run it on a cent account.

How and with what will you run a forward test?

you can buy , and make a demo account, then sell that demo account to me.

or we can buy together, and we can get the second for 30%. that mean 15%/license
Title: Re: Harmonics Trader EA
Post by: Archer Asset Management on March 27, 2017, 10:03:32 AM
the 99% BT definitely looks interesting enough to run this EA on demo or even cent accounts, but to ask for 299Euros without a longstanding live fxbook history, that's a stretch  :o
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 27, 2017, 02:53:09 PM
the 99% BT definitely looks interesting enough to run this EA on demo or even cent accounts, but to ask for 299Euros without a longstanding live fxbook history, that's a stretch  :o

haha, i have same question, so i email Walter, he said  30 days - 100% refund without question. so i have just try.
Title: Re: Harmonics Trader EA
Post by: Archer Asset Management on March 27, 2017, 02:58:41 PM
the 99% BT definitely looks interesting enough to run this EA on demo or even cent accounts, but to ask for 299Euros without a longstanding live fxbook history, that's a stretch  :o

haha, i have same question, so i email Walter, he said  30 days - 100% refund without question. so i have just try.

thanks for your sharing and i hope the EA works well for you, but getting a refund from paypal for software purchases can be real difficult sometimes  :-\
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 27, 2017, 03:48:22 PM

Quote
thanks for your sharing and i hope the EA works well for you, but getting a refund from paypal for software purchases can be real difficult sometimes  :-\

now i have 100euro discount from Walter, i do not know what should i do with it ? maybe he rich because of selling EA ? not from the profit of this EA .
Title: Re: Harmonics Trader EA
Post by: dutchie on March 27, 2017, 05:27:05 PM

Quote
thanks for your sharing and i hope the EA works well for you, but getting a refund from paypal for software purchases can be real difficult sometimes  :-\

now i have 100euro discount from Walter, i do not know what should i do with it ? maybe he rich because of selling EA ? not from the profit of this EA .
Walter is just a nice guy living in Belgium.
That's 2 hours drive for me to speak him personally
Title: Re: Harmonics Trader EA
Post by: mauricejac on March 27, 2017, 08:17:39 PM
It may be helpful, this is my demo (Alpari ECN) that runs from November 20, 2016.
Version 3.4.2, default setting. The new version seems well done but optimized from 2014...
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 28, 2017, 12:49:15 AM
Quote
Walter is just a nice guy living in Belgium.
That's 2 hours drive for me to speak him personally

did you meed him ?
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 28, 2017, 12:50:12 AM
Quote
It may be helpful, this is my demo (Alpari ECN) that runs from November 20, 2016.
Version 3.4.2, default setting. The new version seems well done but optimized from 2014...

did you change different version or just one for the whole period ?
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on March 28, 2017, 02:43:16 AM
Finally, Walter the developer of HT put out his latest update. I must say, I am quite disappointed! :-[

1- There is no way for the user to control risk: The developer says this is automatic, "it manages lot size according to account size and leverage". I don't think any serious user would allow the EA to set risk.

2- He sets the initial "Max lot size to 1000"? This is very dangerous for any EA to have such leeway; especially if there is a bug in the EA and all of a sudden it goes awry or it's a new user who does not know what he/she are doing.

3- The developer presents no demo tests which he has run for at least the minimum of 3 months evaluation and the two live tests are useless since they have a lot which is hidden, especially lot size. Track Record Not Verified, Trading Privileges Not Verified.

I hope Walter does the right thing and pull this update and rework it if he wants to get the market's attention at the expensive price of "Limited Time Offer!
Only €299".

Hello, all Harmonic Trader Enthusiasts.

Just had word form Walter in a text message, where he took into consideration some of my recommendations and will be releasing an updated version of his EA, tomorrow:

"I will release an update tomorrow.
I implemented a lot size adjustment like explained before.
Also the lot size is now shown beforehand.
There's also a bug fix and some aesthetic improvements.
"

Walter is a hard working developer, who listens. :D

Regards,
Ilios Ellas

Title: Re: Harmonics Trader EA
Post by: reinerh on March 28, 2017, 04:33:01 AM

funny, i been bugging him as well.

our combined efforts will results in a better ea :)
Title: Re: Harmonics Trader EA
Post by: mauricejac on March 28, 2017, 06:06:36 AM
Quote
It may be helpful, this is my demo (Alpari ECN) that runs from November 20, 2016.
Version 3.4.2, default setting. The new version seems well done but optimized from 2014...

did you change different version or just one for the whole period ?

Version 3.4.2 for the whole period
Title: Re: Harmonics Trader EA
Post by: dutchie on March 28, 2017, 07:39:14 AM
Quote
Walter is just a nice guy living in Belgium.
That's 2 hours drive for me to speak him personally

did you meed him ?
No not yet, he is to busy with the release of the new version of HT.
But plan to do it later this year
Title: Re: Harmonics Trader EA
Post by: dutchie on March 28, 2017, 11:18:49 AM
I'm the user of the HT-ea now and installed it on a new Fort cent account.
Here is the MyFxbook link to the Fort cent account
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Will switch to an normal account in a few months (depending on results)
Title: Re: Harmonics Trader EA
Post by: charliegdl on March 28, 2017, 05:12:12 PM
I have tested this ea with 99.9 % modelling quality from March 3, 2014-March 24,2017 and all i have to say is "I am impressed". Low absolute and maximal drawdown, average profit trade greater than average losing trade, % wins greater than losses. I did run it only in 2017 and came out even, but i know that in the long run it will make money. Keep up the good work Walter.
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 29, 2017, 05:49:18 PM
Quote
I'm the user of the HT-ea now and installed it on a new Fort cent account.
Here is the MyFxbook link to the Fort cent account
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Will switch to an normal account in a few months (depending on results)

i placed on my cent-account 2 days ago, not any trades yet.
Title: Re: Harmonics Trader EA
Post by: reinerh on March 29, 2017, 05:58:45 PM
Quote
I'm the user of the HT-ea now and installed it on a new Fort cent account.
Here is the MyFxbook link to the Fort cent account
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Will switch to an normal account in a few months (depending on results)

i placed on my cent-account 2 days ago, not any trades yet.

be patient, it does not trade all to often.........................
Title: Re: Harmonics Trader EA
Post by: dutchie on March 29, 2017, 09:17:21 PM
Quote
I'm the user of the HT-ea now and installed it on a new Fort cent account.
Here is the MyFxbook link to the Fort cent account
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Will switch to an normal account in a few months (depending on results)

i placed on my cent-account 2 days ago, not any trades yet.
Correct ..... waiting for next pattern.
Analyse the backtest and you will see that there are periods of weeks that the EA can not find a pattern

be patient, it does not trade all to often.........................
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 29, 2017, 10:07:57 PM
Quote
Correct ..... waiting for next pattern.
Analyse the backtest and you will see that there are periods of weeks that the EA can not find a pattern

is it only working on EU ? how about other pairs ?
Title: Re: Harmonics Trader EA
Post by: reinerh on March 29, 2017, 10:32:39 PM
Quote
Correct ..... waiting for next pattern.
Analyse the backtest and you will see that there are periods of weeks that the EA can not find a pattern

is it only working on EU ? how about other pairs ?

try it on other pairs, most likely you have to optimise it.

thats where most of the work lies = hours spend with backtesting.

its quite adjustable so i am sure you can find good sets for other pairs.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on March 30, 2017, 12:55:49 AM
Quote
Correct ..... waiting for next pattern.
Analyse the backtest and you will see that there are periods of weeks that the EA can not find a pattern

is it only working on EU ? how about other pairs ?

try it on other pairs, most likely you have to optimise it.

thats where most of the work lies = hours spend with backtesting.

its quite adjustable so i am sure you can find good sets for other pairs.

I had asked Walter about other pairs and this was his response:

"We have tried to optimize for other pairs, but so far no results which are good enough to use. (still working on it)"

Regards,
Ilios Ellas
Title: Re: Harmonics Trader EA
Post by: dutchie on March 30, 2017, 04:49:14 PM
Quote
Correct ..... waiting for next pattern.
Analyse the backtest and you will see that there are periods of weeks that the EA can not find a pattern

is it only working on EU ? how about other pairs ?

try it on other pairs, most likely you have to optimise it.

thats where most of the work lies = hours spend with backtesting.

its quite adjustable so i am sure you can find good sets for other pairs.
So true and that's what Walter will do.
He said that more pairs will come in the future  ::)
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 31, 2017, 12:04:51 AM
My question is :

Quote
does it work on other pairs ?

and Walter answers :

Quote

No, it works only on EURUSD H1.
Please see the included User Guide.
 
Previous versions (series 2 & 3) could be used on anything you want.
Previous versions are now available for download on the web site also.
Last version in the 2 series:  HarmonicsTrader_v2.9.4
Last version in the 3 series:  HarmonicsTrader_v3.4.3
User Guides are placed on your desktop when you install them.
Title: Re: Harmonics Trader EA
Post by: Archer Asset Management on March 31, 2017, 12:22:38 AM
How does one get the 100euros discount?

Sent from my ONEPLUS A3010 using Tapatalk

Title: Re: Harmonics Trader EA
Post by: dutchie on March 31, 2017, 08:51:44 AM
How does one get the 100euros discount?

Sent from my ONEPLUS A3010 using Tapatalk
Asked Walter the same thing a week ago.
His answer:
There is no $100 discount!
There was a old price on the Paypal link and the first guy who bought V4.2 had a $100 discount by mistake.
Price on Paypal is changed to $299
Title: Re: Harmonics Trader EA
Post by: adamkhang on March 31, 2017, 02:53:32 PM
Quote
Asked Walter the same thing a week ago.
His answer:
There is no $100 discount!
There was a old price on the Paypal link and the first guy who bought V4.2 had a $100 discount by mistake.
Price on Paypal is changed to $299

100$ discount is for second version. Now I can second version with that 100$ discount.
Title: Re: Harmonics Trader EA
Post by: dutchie on March 31, 2017, 04:22:12 PM
Quote
Asked Walter the same thing a week ago.
His answer:
There is no $100 discount!
There was a old price on the Paypal link and the first guy who bought V4.2 had a $100 discount by mistake.
Price on Paypal is changed to $299

100$ discount is for second version. Now I can second version with that 100$ discount.
Not really a $100 discount.
you will get a 30% refund on each additional license!
Title: Re: Harmonics Trader EA
Post by: adamkhang on April 01, 2017, 06:01:08 PM
from my experience, this EA is not worth that money. he is just lucky to chose the EU pair, so he modified the EA to have better result. It is similar to  : you know how to go from A to B , and now you just try different type of transportation.




Title: Re: Harmonics Trader EA
Post by: Tradenow on April 12, 2017, 01:42:44 PM
from my experience, this EA is not worth that money. he is just lucky to chose the EU pair, so he modified the EA to have better result. It is similar to  : you know how to go from A to B , and now you just try different type of transportation.

Which ea would you prefer?
Title: Re: Harmonics Trader EA
Post by: dutchie on April 13, 2017, 01:05:37 PM
First trade with HT on my account: 3% profit!
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on April 13, 2017, 01:20:54 PM
Yes!, I got that trade as well. The only issue with me, I didn't trust the reversal ( Bearish Leonardo) thinking it might break the high and pulled out :'(

Next trade coming up soon.

Regards,
Ilios Ellas
Title: Re: Harmonics Trader EA
Post by: dutchie on April 13, 2017, 02:05:49 PM
Yes!, I got that trade as well. The only issue with me, I didn't trust the reversal ( Bearish Leonardo) thinking it might break the high and pulled out :'(

Next trade coming up soon.

Regards,
Ilios Ellas
There is always the different between what we see, feel and experience and the hard coded EA.
No room for trust or feelings.
Just a go or nogo

And yes there is enough movement in EURUSd right now.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on April 14, 2017, 01:51:56 PM
Yes!, I got that trade as well. The only issue with me, I didn't trust the reversal ( Bearish Leonardo) thinking it might break the high and pulled out :'(

Next trade coming up soon.

Regards,
Ilios Ellas
There is always the different between what we see, feel and experience and the hard coded EA.
No room for trust or feelings.
Just a go or nogo

And yes there is enough movement in EURUSd right now.

Actually duchie, I just realized I made the right move after reviewing the third party myfxbook on HT site:

http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105

As I stated earlier, I closed my positions going short which apparently meant no losses from what I can see. ;)

I guess then this is an exercise in "experience" which I have gained using HT over the past two plus years. It usually makes reasonably good predictions of entering trades but from my observations a) If after a short period of time, it doesn't enter positive territory, it's better to pull the plug and take a small loss. b) If you are positive and making reasonable gains, don't get greedy and pull the plug.
In this case, what I feared did take place. HT did not calculate correctly when the reversal would take place, lost on the short sell only by a few pips which had it held on the reversal one would have more than doubled their gains. You need to have nerves of steel watching the account going negative as in this case and holding on.

Well, at least we made some reasonable returns.

Best of luck, next time duchie.

Regards,
Ilios Ellas

Title: Re: Harmonics Trader EA
Post by: dutchie on April 24, 2017, 02:30:06 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on April 24, 2017, 02:39:23 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Good for you Dutchie. To be on the "safe side", I closed all my EA's during this volatile period "but" that didn't save me from having my account blown up as you can see. I was trading approximately one lot with a 2k account. From what I can see, you were trading more than 4 lots with an almost 4k account: Had the elections gone the other way, guess where your account would have been? Do you think your stop/losses would have been respected?



Regards,
Ilios Ellas

Title: Re: Harmonics Trader EA
Post by: reinerh on April 24, 2017, 02:51:44 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Good for you Dutchie. To be on the "safe side", I closed all my EA's during this volatile period "but" that didn't save me from having my account blown up as you can see. I was trading approximately one lot with a 2k account. From what I can see, you were trading more than 4 lots with an almost 4k account: Had the elections gone the other way, guess where your account would have been? Do you think your stop/losses would have been respected?



Regards,
Ilios Ellas

sl cant be respected in a gap event. but gaps can be in your favour as well.

the key is to run conservative mm.

harmonics sure is dialed in well for eu current behaviour, as seen in bt. its a great ea which i would run with max dd set at 15% there abouts. and if thats hit then reevaluate.
Title: Re: Harmonics Trader EA
Post by: dutchie on April 24, 2017, 02:54:20 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Good for you Dutchie. To be on the "safe side", I closed all my EA's during this volatile period "but" that didn't save me from having my account blown up as you can see. I was trading approximately one lot with a 2k account. From what I can see, you were trading more than 4 lots with an almost 4k account: Had the elections gone the other way, guess where your account would have been? Do you think your stop/losses would have been respected?



Regards,
Ilios Ellas
My account is not 4K but almost 40K.
I was anticipating on common sence of the French people (like the Dutch a couple of months ago).
Ruling a country is more than fighting terrorists and kickout moslims.
Most European people realize that.
But for me it's a sort of forex game with political gambling  ;)

Don't see which account of yours was blown up (always saf when it happens) 
Title: Re: Harmonics Trader EA
Post by: Archer Asset Management on April 24, 2017, 04:09:20 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Good for you Dutchie. To be on the "safe side", I closed all my EA's during this volatile period "but" that didn't save me from having my account blown up as you can see. I was trading approximately one lot with a 2k account. From what I can see, you were trading more than 4 lots with an almost 4k account: Had the elections gone the other way, guess where your account would have been? Do you think your stop/losses would have been respected?



Regards,
Ilios Ellas
My account is not 4K but almost 40K.
I was anticipating on common sence of the French people (like the Dutch a couple of months ago).
Ruling a country is more than fighting terrorists and kickout moslims.
Most European people realize that.
But for me it's a sort of forex game with political gambling  ;)

Don't see which account of yours was blown up (always saf when it happens)

Hi Dutchie
Congrats to waking up to profits after the French news, I was lucky as well  ;D
Can I ask what inspired you to have the confidence of placing 30k under HT EA?
Because what I see so far in this thread are just backtest results and a few years of forward testing?
Regards
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on April 24, 2017, 04:21:19 PM
Done good business last night with the France election and winning of a pro Europe candidate: account 28% plus!
Don't know which of the Harmonic Patterns was hit last night. ;)
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Good for you Dutchie. To be on the "safe side", I closed all my EA's during this volatile period "but" that didn't save me from having my account blown up as you can see. I was trading approximately one lot with a 2k account. From what I can see, you were trading more than 4 lots with an almost 4k account: Had the elections gone the other way, guess where your account would have been? Do you think your stop/losses would have been respected?



Regards,
Ilios Ellas
My account is not 4K but almost 40K.
I was anticipating on common sence of the French people (like the Dutch a couple of months ago).
Ruling a country is more than fighting terrorists and kickout moslims.
Most European people realize that.
But for me it's a sort of forex game with political gambling ;)

Don't see which account of yours was blown up (always saf when it happens)

Sorry for the account size error, Duchie. With regards to my account blown up, please read the erlier disussion I had dith Donna about FX being gambling ( where I have also included a pic of my account, ). I would love to read your opinion on this topic as well since you are risking 40k; did you run the risk of being margined out if "common sense" did not prevail? In fact, Le Pin, like Trump, might still prevail. :-\

Regards,
Ilios Ellas
Title: Re: Harmonics Trader EA
Post by: reinerh on April 24, 2017, 04:42:21 PM
ilios,

i am quite sure dutchies account is a cent account, with those lot sizing can be whacky vs standard accounts.

even the pip count can be of by a digit with some.
Title: Re: Harmonics Trader EA
Post by: dutchie on April 24, 2017, 07:10:42 PM
ilios,

i am quite sure dutchies account is a cent account, with those lot sizing can be whacky vs standard accounts.

even the pip count can be of by a digit with some.
1000% correct
Of course this is a cent account
I would never risk 40K this way
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on May 25, 2017, 12:28:02 AM
ilios,

i am quite sure dutchies account is a cent account, with those lot sizing can be whacky vs standard accounts.

even the pip count can be of by a digit with some.
1000% correct
Of course this is a cent account
I would never risk 40K this way

Hello, Dutchie.

I see an "Emerging Bullish Leonard" set up coming up but it states, "sell" which is counter-intuitive, any comment on this?

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 25, 2017, 02:13:30 AM
It is a Bullish Leonard which is emerging.  We will buy the Bullish Leonard if it completes, but now we will sell from the C point to the D point.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on May 25, 2017, 02:31:24 AM
It is a Bullish Leonard which is emerging.  We will buy the Bullish Leonard if it completes, but now we will sell from the C point to the D point.

Thanks, Walter, the "bullish", through me off in combination with the sell. :-\

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: dutchie on May 25, 2017, 09:34:42 AM
It is a Bullish Leonard which is emerging.  We will buy the Bullish Leonard if it completes, but now we will sell from the C point to the D point.
Good to see you active (again) on the DF forum Walter :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 25, 2017, 11:23:37 AM
It is a Bullish Leonard which is emerging.  We will buy the Bullish Leonard if it completes, but now we will sell from the C point to the D point.

Thanks, Walter, the "bullish", through me off in combination with the sell. :-\

Regards,
Ilios
You're not the first one ;)  I know that it can be confusing and that it is food for thought, but it is correct ;)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 25, 2017, 11:27:10 AM
It is a Bullish Leonard which is emerging.  We will buy the Bullish Leonard if it completes, but now we will sell from the C point to the D point.
Good to see you active (again) on the DF forum Walter :)
:)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 26, 2017, 10:05:45 PM
What a good week  :D
Closed my trades for the weekend, +15.55%
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105 (http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on May 26, 2017, 10:55:32 PM
What a good week  :D
Closed my trades for the weekend, +15.55%
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105 (http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105)

I second that! This was an excellent week for trading HT.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: dutchie on May 27, 2017, 04:06:38 PM
What a good week  :D
Closed my trades for the weekend, +15.55%
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105 (http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105)
I still have 6 sell positions open.
What will be the result when market opens on Sunday evening?????

Do you always close open positions for the weekend or is it it depending on weather, temperature, feelings or what ever?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on May 27, 2017, 10:39:24 PM
I'm also curious what price will do next week.
Yes, I like to be on the safe side and always close my positions before the weekend.
Actually there is a setting to do this so I don't have to bother.
I have enabled these two settings:
"No More Trades After Friday 17:00 UTC"
and "Close Trades on Friday 20:45 UTC"

Title: Re: Harmonics Trader EA
Post by: dutchie on May 28, 2017, 01:03:29 PM
I'm also curious what price will do next week.
Yes, I like to be on the safe side and always close my positions before the weekend.
Actually there is a setting to do this so I don't have to bother.
I have enabled these two settings:
"No More Trades After Friday 17:00 UTC"
and "Close Trades on Friday 20:45 UTC"
Thanks, will follow the master and do the same  ;)
Title: Re: Harmonics Trader EA
Post by: Kingzley on June 01, 2017, 04:58:47 AM
What a good week  :D
Closed my trades for the weekend, +15.55%
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105 (http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105)

Hey Walter,

I am really interested in your HT EA. I'm still skeptical because I haveused harmonics in the past & haven't had success.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 01, 2017, 10:55:50 AM
What a good week  :D
Closed my trades for the weekend, +15.55%
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105 (http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105)

Hey Walter,

I am really interested in your HT EA. I'm still skeptical because I haveused harmonics in the past & haven't had success.

Hey Kingzley,
You can download, install all three HT series (2,3 & 4) and you can run them in the Strategy Tester for free and for as long as you like.
Every series is a complete new design and got better and better.
The 2 and 3 series are using a ZUP indicator to find patterns.
The latest 4 series does everything on it's own and trades from the C point already. (there is an emerging black swan running right now)
The 2 and 4 series work on every tick and the 3 series works on the close of the candle.
User guides are included.
If you like what you see, you can take the next step.
(have a look at the FAQ for more info)
Title: Re: Harmonics Trader EA
Post by: reinerh on June 02, 2017, 04:39:51 PM

ht must have cashed in big time today = nfp day having a buy open.

as long it did not close before todays news.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 02, 2017, 04:54:20 PM

ht must have cashed in big time today = nfp day having a buy open.

as long it did not close before todays news.
Is trading an emerging black swan, 1 position (of 3) still open and trailing, profit locked in.
It will close that position at 20:45 UTC.
Let's hope that price stays up there until then  ;)
Title: Re: Harmonics Trader EA
Post by: Kingzley on June 14, 2017, 04:56:10 AM
Hows the EA looking?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 14, 2017, 10:03:33 AM
Hows the EA looking?
It's a good looking EA  ;)
No serious, what do you mean?
Title: Re: Harmonics Trader EA
Post by: Kingzley on June 15, 2017, 04:50:25 AM
Hows the EA looking?
It's a good looking EA  ;)
No serious, what do you mean?


LOL I meant, hows is it trading so far?  BackTests look good, but forward test makes the difference. I can only backtest it
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 15, 2017, 09:30:48 AM
 ;)
Doing great on live accounts, check it out:

Closing trades before weekend:
http://www.myfxbook.com/members/Walter_HT/ht-ultimate-hantec/2064105

At start, left trades open over weekend but now also closing before weekend, hence it made some more profit:
http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

Using HT ULTIMATE and HarmonicsTrader v3.4.3 on the same account and some manual interventions (should not do that):
http://www.myfxbook.com/members/patrick3k/harmonicstrader-ultimate--harmonicstrader-v/2114473



Title: Re: Harmonics Trader EA
Post by: litecoin on June 15, 2017, 01:08:43 PM
One thing that anyone has to look about harmonics pattern scanner or EA is to wait a bit. Do not enter straight away in a trade. Wait for retracement and then you can enter in the trade.
Title: Re: Harmonics Trader EA
Post by: dutchie on June 15, 2017, 06:40:00 PM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643
Title: Re: Harmonics Trader EA
Post by: reinerh on June 15, 2017, 07:30:07 PM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

sure beats these darn grid bots which only increase dd :)

well done dutchie.
Title: Re: Harmonics Trader EA
Post by: dutchie on June 15, 2017, 08:37:32 PM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

sure beats these darn grid bots which only increase dd :)

well done dutchie.
Yeah reiner and balance = equity at the end of the pattern
So I can go to the grocery  ;)
Title: Re: Harmonics Trader EA
Post by: informer on June 16, 2017, 06:51:29 AM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643


What risk setting is this set to please ?
Title: Re: Harmonics Trader EA
Post by: dutchie on June 16, 2017, 10:09:28 AM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643


What risk setting is this set to please ?
It's using a dynamic SL setting.
No special risk setting for max % account lost or so.
Title: Re: Harmonics Trader EA
Post by: informer on June 16, 2017, 10:25:55 AM
ok so how are you setting lot sizes ? my understanding is the default is 5% based on available margin ?
Just interested on the results you have got are they based on default or higher/lower risk ?

thanks for your reply's

Title: Re: Harmonics Trader EA
Post by: archonixm on June 16, 2017, 04:03:15 PM
Wow, if only i could rent..too much for me..
Title: Re: Harmonics Trader EA
Post by: dutchie on June 16, 2017, 10:05:21 PM
ok so how are you setting lot sizes ? my understanding is the default is 5% based on available margin ?
Just interested on the results you have got are they based on default or higher/lower risk ?

thanks for your reply's
Are you a little confused by what the lot size will be once the EA trades a pattern (and risk)?
Install latest version HT ULTIMATE v4.2.2

What’s new.
-  The lot size is now shown beforehand in the top left corner of the chart, even when there is no pattern.
and can be changed.
-  The pip value is calculated and shown at start up in the experts tab of the Terminal.
Title: Re: Harmonics Trader EA
Post by: forexbaby on June 17, 2017, 04:06:59 AM
HT found a new pattern and added 9% to my account again.
>100% over the last 3 months
happy camper here

http://www.myfxbook.com/members/forexdutchie/harmonics-trader/2046643

trader and EA should know their risk when they place trade. How much is the SL? in term of %

EA and trader know whether stop is, so to determine their SL%.

If you get 15% in 1 trade, people would ask. How much are you risking?

Sometime, EA vendor use huge risk to get nice results.

For now, we know the upside, but what is the downside for this trade? Is it also 15%?  8)
Title: Re: Harmonics Trader EA
Post by: petersurrey on June 18, 2017, 05:38:47 PM
Looking though the back test you need to allow at least 30% DD but given the astronomical potential compounded returns this is acceptable..there is also a lot adjustment setting so you can trade @ 50% risk for example..
Title: Re: Harmonics Trader EA
Post by: petermatt on June 18, 2017, 09:24:39 PM
Are you a little confused by what the lot size will be once the EA trades a pattern (and risk)?
Install latest version HT ULTIMATE v4.2.2

What’s new.
-  The lot size is now shown beforehand in the top left corner of the chart, even when there is no pattern.
and can be changed.
-  The pip value is calculated and shown at start up in the experts tab of the Terminal.

Hi Dutchie,

I have just purchased the EA and placed it on a Demo account. Firstly thanks for the tip regarding the pip value. I would never have thought to look in that tab for the info.
In regard to the lot size my display shows the lot size followed by (x3) e.g. Lot Size = 2.23 lots (x3). Any ideas about what the (x3) means?

Thanks
Pete
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 19, 2017, 12:58:59 AM
Are you a little confused by what the lot size will be once the EA trades a pattern (and risk)?
Install latest version HT ULTIMATE v4.2.2

What’s new.
-  The lot size is now shown beforehand in the top left corner of the chart, even when there is no pattern.
and can be changed.
-  The pip value is calculated and shown at start up in the experts tab of the Terminal.

Hi Dutchie,

I have just purchased the EA and placed it on a Demo account. Firstly thanks for the tip regarding the pip value. I would never have thought to look in that tab for the info.
In regard to the lot size my display shows the lot size followed by (x3) e.g. Lot Size = 2.23 lots (x3). Any ideas about what the (x3) means?

Thanks
Pete

Hello, petermatt.

I think you should have already received a note from Walter explaining what the 3x is all about. When you choose a fixed lot size, in your case 2.23 lots, HT will open three such trades and monitor them closing each at different TP.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: BOBO-FX on June 19, 2017, 12:36:06 PM
Hi Walter,

Is this terminology and trading strategy (not Harmonics maths stuff) fully explained in the user manual, or is it a case of mainly installation instructions and then ask on the forum? Sell at point C, EM strategy says Bullish, but trade is a sell etc?
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 19, 2017, 04:24:19 PM
Hi Walter,

Is this terminology and trading strategy (not Harmonics maths stuff) fully explained in the user manual, or is it a case of mainly installation instructions and then ask on the forum? Sell at point C, EM strategy says Bullish, but trade is a sell etc?

Hello Bob.

I don't know if Walter will see your note in time but you can download the entire EA and manual for free and have a look for yourself.

http://harmonicstrader.com/

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: BOBO-FX on June 19, 2017, 05:38:33 PM
Thanks Ilios,

Feel a bit of a twerp! Actually reading the manual now. Walter, please disregard previous post.

Bob O  :-[
Title: Re: Harmonics Trader EA
Post by: Ruairi OPleurisy on June 19, 2017, 09:03:39 PM
A bit late to the party with this one but I decided to download and run a backtest. 

From 01/02/2009 - 05/06/2017 (won't allow testing from any earlier) starting with $10,000 and using default settings aside from setting max lots = 10 (though trading never got that high - topping out at 5.93 lots) the balance dropped as low as $534!! Before then gradually recovering and then going on to make an astonomic profit of $141,195.

The test was run using 99.9% tcik data on the EURUSD H1.  Does everyone else not get the same troubling but ultimately profitable result? 

There is no way I would have been able to watch capital drop from 10k down to just over $500 and carry on.  The EA did not perform well prior to Oct 2014 but picks up from there so may be well optimised for later market patterns.

Looking at the log it is also rather hyper on the Modify order front adjusting stop loss values frequently every pip doing it trailing stop thing.

Dutchie's forward test look good though...
Title: Re: Harmonics Trader EA
Post by: artcool on June 19, 2017, 10:50:44 PM
Ruairi,

I didn't do backtest for that long but I tried to backtest with some other pair or other TF and that was blocked by the seller. I didn't even know it was possible to do that. I understand it is recommended for EURUSD and H1, and that's why I wanted to try with some other pair or other TF. There is no logical reason that harmonics would work only on that specific pair or TF...unless the EA was heavily over-optimized and maybe the vendor doesn't want you to see the ugly face of the other side.

Anyway, I backtested Series 3 and the results were bad.

Ruairi,

If your backtest was bad for the first few years and then jumped astronomically, it might mean the first years backtested are out of the optimization years and then it jumps for the 5 years that were optimized ?
Title: Re: Harmonics Trader EA
Post by: petermatt on June 19, 2017, 11:13:41 PM
Hello, petermatt.
I think you should have already received a note from Walter explaining what the 3x is all about. When you choose a fixed lot size, in your case 2.23 lots, HT will open three such trades and monitor them closing each at different TP.
Regards,
Ilios

Thank for your response Ilios. I have re-read the Manual and what you have said is correct although I have not set a fixed lot size, the lot size shown was automatically calculated by the EA. I have it on Demo and at the moment it is showing an Emerging pattern but has not taken any of the 3 trades.

Thanks again
Pete
Title: Re: Harmonics Trader EA
Post by: Ruairi OPleurisy on June 19, 2017, 11:16:36 PM
Hi Artcool, I just had a closer look at the trades and in actual fact the balance dropped to a low of $277.61 on 22nd May 2013 (from the original starting balnce of $10,000 on Feb 1st 2009).

From there on it makes a quite remarkable and barely believable recovery to a flying finish with that $141195.69 profit.

I'll run another test with the Fri close feature enabled and what that yields.

Tried to attach the original backtest but too big.  Here's a few salient snippets :-

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F7OqyriQS.png&hash=b4553fd83e3861730214203162e02eea)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2FXJzcB9N9.png&hash=a03b34c2bd9e09271df00b29e639c625)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F6iS8f5Qo.png&hash=1736167dd050000039fdd8f0d3165504)

Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 20, 2017, 01:49:15 AM
Hi Artcool, I just had a closer look at the trades and in actual fact, the balance dropped to a low of $277.61 on 22nd May 2013 (from the original starting balance of $10,000 on Feb 1st 2009).

From there on it makes a quite remarkable and barely believable recovery to a flying finish with that $141195.69 profit.

I'll run another test with the Fri close feature enabled and what that yields.

Tried to attach the original backtest but too big.  Here's a few salient snippets :-

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F7OqyriQS.png&hash=b4553fd83e3861730214203162e02eea)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2FXJzcB9N9.png&hash=a03b34c2bd9e09271df00b29e639c625)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F6iS8f5Qo.png&hash=1736167dd050000039fdd8f0d3165504)

Hello, Ruairi.

I have been running this EA for a number of years. It is great at calling trades but has a dismal way of managing trades once open because after, all it's only a bot and does not have knowledge of the outside environment, such as upcoming news events and the like. There have been times when I have cursed myself for getting out and closing trades too early, but there have also been times when the market has reversed and the bot has lost all its profits and more.

Walter, the developer is constantly improving the strategy and the latest run of successful series of trades shows this. I would not get too excited and start increasing my lot size(s) given the most current results but keep this EA  as a complement to other EA's I have in my trading arsenal.

Hope this helps.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 20, 2017, 02:04:44 AM
Hello, petermatt.
I think you should have already received a note from Walter explaining what the 3x is all about. When you choose a fixed lot size, in your case 2.23 lots, HT will open three such trades and monitor them closing each at different TP.
Regards,
Ilios

Thank for your response Ilios. I have re-read the Manual and what you have said is correct although I have not set a fixed lot size, the lot size shown was automatically calculated by the EA. I have it on Demo and at the moment it is showing an Emerging pattern but has not taken any of the 3 trades.

Thanks again
Pete

Hello, petermatt.

I am not sure how you see an emerging pattern; right now there is no pattern emerging and the EA is at, "waiting for next pattern". I wonder if the demo version is the latest v.4.4.2, although I don't see how it could be different.

Regards, Ilios
Title: Re: Harmonics Trader EA
Post by: petermatt on June 20, 2017, 10:39:33 PM
Hello, petermatt.
I am not sure how you see an emerging pattern; right now there is no pattern emerging and the EA is at, "waiting for next pattern". I wonder if the demo version is the latest v.4.4.2, although I don't see how it could be different.
Regards, Ilios

Shortly after I posted the reply and checked my charts the emerging pattern had gone and right now I have 2 emerging patterns showing. I'm running the latest version but just on a demo account.

Regards
Pete
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 21, 2017, 03:48:25 AM
Hello, petermatt.
I am not sure how you see an emerging pattern; right now there is no pattern emerging and the EA is at, "waiting for next pattern". I wonder if the demo version is the latest v.4.4.2, although I don't see how it could be different.
Regards, Ilios

Shortly after I posted the reply and checked my charts the emerging pattern had gone and right now I have 2 emerging patterns showing. I'm running the latest version but just on a demo account.

Regards
Pete

True now there is an "Emerging Bearish Shark1", but nothing has been activated yet. Sit back and wait, it should execute soon.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 22, 2017, 09:59:10 PM
Hello, petermatt.
I am not sure how you see an emerging pattern; right now there is no pattern emerging and the EA is at, "waiting for next pattern". I wonder if the demo version is the latest v.4.4.2, although I don't see how it could be different.
Regards, Ilios

Shortly after I posted the reply and checked my charts the emerging pattern had gone and right now I have 2 emerging patterns showing. I'm running the latest version but just on a demo account.

Regards
Pete

True now there is an "Emerging Bearish Shark1", but nothing has been activated yet. Sit back and wait, it should execute soon.

Regards,
Ilios

Hello, petermatt.

As you have probably witnessed, HT opened two pattern positions as of late; this is a first for me to witness. As I stated earlier, HT is amazing at calling trades, it opened at about 1.11400 and went up as high as 1.11780. From here, it can go either way: If you trust the system, it might surpass the high of 1.11400 and even reach the TP 1.12800, but there have been times when it has turned to disappointment and hit  SL, although most recently it has gone to full profit. Because I use this EA as a complement to other EA's, I usually bank a small profit ( never a bad idea to take profit) and then curse myself for having done so early, others wait it out and go for the complete run; it's a matter of choice. But for now, HT with its streak of winners ( Monthly: 34.08%, Drawdown: 5.73% ) is one to have.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: dutchie on June 23, 2017, 07:09:18 PM
I will keep the 6 open orders open till market close tonight.
11% up so far.
et's see what happen in the next hours.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 23, 2017, 07:42:07 PM
I will keep the 6 open orders open till market close tonight.
11% up so far.
et's see what happen in the next hours.

Good idea dutchie, no reason risking "money in the bank".

Have a good weekend and don't spend it all in one place.  :D

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: dutchie on June 23, 2017, 07:50:36 PM
I will keep the 6 open orders open till market close tonight.
11% up so far.
et's see what happen in the next hours.

Good idea dutchie, no reason risking "money in the bank".

Have a good weekend and don't spend it all in one place.  :D

Regards,
Ilios
Thanks, same to you.
Happy with HT sofar
Title: Re: Harmonics Trader EA
Post by: dutchie on June 23, 2017, 09:51:30 PM
I will keep the 6 open orders open till market close tonight.
11% up so far.
et's see what happen in the next hours.

Good idea dutchie, no reason risking "money in the bank".

Have a good weekend and don't spend it all in one place.  :D

Regards,
Ilios
Thanks, same to you.
Happy with HT sofar
Closed the 6 open position at 20:45 UTC automatic.
Another 11.45 % added to the balance
And balance equal to equity.....0% DD
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 26, 2017, 09:22:31 PM
Hi peeps,

Sorry that I haven't been around lately, but as always I've been busy working on HT and giving support.

Thank you very much dutchie, petersurrey and iliosellas to jump in for me and answering so many questions here!
I can see that there are a lot of things not clear yet so in the next update I will do some more explaining (also about the inner workings) in the User Guide.
(probably next WE)

We are also optimizing other pairs at the moment.
AU and UJ are looking promising so far. (one run can take up to 2 weeks to complete on our powerful PC)

Many green pips to you all  8)
Title: Re: Harmonics Trader EA
Post by: dutchie on June 26, 2017, 10:01:49 PM
Hi peeps,

Sorry that I haven't been around lately, but as always I've been busy working on HT and giving support.

Thank you very much dutchie, petersurrey and iliosellas to jump in for me and answering so many questions here!
I can see that there are a lot of things not clear yet so in the next update I will do some more explaining (also about the inner workings) in the User Guide.
(probably next WE)

We are also optimizing other pairs at the moment.
AU and UJ are looking promising so far. (one run can take up to 2 weeks to complete on our powerful PC)

Many green pips to you all  8)
Hey Walter, if you wish I can run some backtest on my computer for you.
Send me the set file(s) and I will jump on it
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 26, 2017, 11:33:42 PM
Hey Walter, if you wish I can run some backtest on my computer for you.
Send me the set file(s) and I will jump on it
Thanks for the offer dutchie, but we can manage.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 27, 2017, 11:47:26 AM
Hi peeps,

Sorry that I haven't been around lately, but as always I've been busy working on HT and giving support.

Thank you very much dutchie, petersurrey and iliosellas to jump in for me and answering so many questions here!
I can see that there are a lot of things not clear yet so in the next update I will do some more explaining (also about the inner workings) in the User Guide.
(probably next WE)

We are also optimizing other pairs at the moment.
AU and UJ are looking promising so far. (one run can take up to 2 weeks to complete on our powerful PC)

Many green pips to you all  8)
Hey Walter, if you wish I can run some backtest on my computer for you.
Send me the set file(s) and I will jump on it

Good morning, duchie.

With today's, pop-up in the EUR/USD, do you think had we stayed in until TP last week, we would be a little richer today with HT; unlike you, I pulled out much earlier. :'(
If HT continues on this winning streak, it will blow the market!

Great Work, Walter! I should say, "Great hard work."  I can't even imagine what mathematical analysis and modeling has gone on to achieve this high rate of accuracy. As a former teacher, I would use this as a model on how mathematics can almost, "look into the future".

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 27, 2017, 12:28:17 PM
Thanks Ilios for your nice comments!
Yes, it was, and still is, a lot of hard work.
And yes, there is a lot going on behind the scenes in HT.
But the main part are the harmonic patterns, obviously ;)
Title: Re: Harmonics Trader EA
Post by: forexbaby on June 27, 2017, 01:49:53 PM
 ;D

waiting for more results
Title: Re: Harmonics Trader EA
Post by: Byte on June 27, 2017, 02:03:15 PM
This really is a fun ride :-) It must be the first EA that I bought that did not go into a loosing streak right after I bought it. (Some have turned out well like CabEX but pretty much all of them just went down the moment I put them on my live account). Having said that I obviously start to worry now when the run is going to end but I have to say this is impressive so far.
Good luck to all of us and thank you Walter for this great EA! I hope next to all the work you are also having some fun with this.
Title: Re: Harmonics Trader EA
Post by: dutchie on June 27, 2017, 02:54:56 PM
Hi peeps,

Sorry that I haven't been around lately, but as always I've been busy working on HT and giving support.

Thank you very much dutchie, petersurrey and iliosellas to jump in for me and answering so many questions here!
I can see that there are a lot of things not clear yet so in the next update I will do some more explaining (also about the inner workings) in the User Guide.
(probably next WE)

We are also optimizing other pairs at the moment.
AU and UJ are looking promising so far. (one run can take up to 2 weeks to complete on our powerful PC)

Many green pips to you all  8)
Hey Walter, if you wish I can run some backtest on my computer for you.
Send me the set file(s) and I will jump on it

Good morning, duchie.

With today's, pop-up in the EUR/USD, do you think had we stayed in until TP last week, we would be a little richer today with HT; unlike you, I pulled out much earlier. :'(
If HT continues on this winning streak, it will blow the market!

Great Work, Walter! I should say, "Great hard work."  I can't even imagine what mathematical analysis and modeling has gone on to achieve this high rate of accuracy. As a former teacher, I would use this as a model on how mathematics can almost, "look into the future".

Regards,
Ilios
Hey Ilios,

It's always the question: do we let the EA run and do his job or do we interfere and do our own things.
Time will tell.
But running 2 back tests for the last 3 years it's clear that when you don't close the open trades on Friday evening and let it run the total overall profit is higher.
With a start balance of 25,000 and a stop of all open trades on Friday the profit over the last 3 years would be $ 836,352
With no stop on Friday it would be $ 1,334,598
Unfortunately we can't define the profit when we interfere the EA and stop open trades manual.

So when you're greedy you should let it run.

Only problem is that my crystal ball is broken and the coffee doesn't speak to me anymore.
So the future is not known to me. :-\
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 27, 2017, 03:02:10 PM
That's right dutchie, leaving trades open over the weekend brings more profit!
The only reason that I'm closing them before weekend is that I have an agreement with my broker to do so.
And as we speak , the first looser for a long time is there.
But as you can see, the lot size was less than normal for this Shark pattern which is a risky pattern to trade.  I only hope that price will keep going up now ;)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 27, 2017, 03:04:44 PM
Hi peeps,

Sorry that I haven't been around lately, but as always I've been busy working on HT and giving support.

Thank you very much dutchie, petersurrey and iliosellas to jump in for me and answering so many questions here!
I can see that there are a lot of things not clear yet so in the next update I will do some more explaining (also about the inner workings) in the User Guide.
(probably next WE)

We are also optimizing other pairs at the moment.
AU and UJ are looking promising so far. (one run can take up to 2 weeks to complete on our powerful PC)

Many green pips to you all  8)
Hey Walter, if you wish I can run some backtest on my computer for you.
Send me the set file(s) and I will jump on it

Good morning, duchie.

With today's, pop-up in the EUR/USD, do you think had we stayed in until TP last week, we would be a little richer today with HT; unlike you, I pulled out much earlier. :'(
If HT continues on this winning streak, it will blow the market!

Great Work, Walter! I should say, "Great hard work."  I can't even imagine what mathematical analysis and modeling has gone on to achieve this high rate of accuracy. As a former teacher, I would use this as a model on how mathematics can almost, "look into the future".

Regards,
Ilios
Hey Ilios,

It's always the question: do we let the EA run and do his job or do we interfere and do our own things.
Time will tell.
But running 2 back tests for the last 3 years it's clear that when you don't close the open trades on Friday evening and let it run the total overall profit is higher.
With a start balance of 25,000 and a stop of all open trades on Friday the profit over the last 3 years would be $ 836,352
With no stop on Friday it would be $ 1,334,598
Unfortunately we can't define the profit when we interfere the EA and stop open trades manual.

So when you're greedy you should let it run.

Only problem is that my crystal ball is broken and the coffee doesn't speak to me anymore.
So the future is not known to me. :-\

Agreed; watch those bloody, "Bear Sharks". ;)

Have a nice day.
Title: Re: Harmonics Trader EA
Post by: dutchie on June 27, 2017, 03:40:10 PM
That's right dutchie, leaving trades open over the weekend brings more profit!
The only reason that I'm closing them before weekend is that I have an agreement with my broker to do so.
And as we speak , the first looser for a long time is there.
But as you can see, the lot size was less than normal for this Shark pattern which is a risky pattern to trade.  I only hope that price will keep going up now ;)
You don't hear me whining Walter.
It's all part of the great Forex game.
And, like I said, the coffee doesn't speak to me anymore otherwise I had foreseen this EURUSD rising. ;)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 27, 2017, 03:46:07 PM
That's right dutchie, leaving trades open over the weekend brings more profit!
The only reason that I'm closing them before weekend is that I have an agreement with my broker to do so.
And as we speak , the first looser for a long time is there.
But as you can see, the lot size was less than normal for this Shark pattern which is a risky pattern to trade.  I only hope that price will keep going up now ;)
You don't hear me whining Walter.
It's all part of the great Forex game.
And, like I said, the coffee doesn't speak to me anymore otherwise I had foreseen this EURUSD rising. ;)

I was in the process of testing this, Forex Profit Defender EA, on a demo account and placed HT on one of the charts, thinking it will trail it on the next round. To my surprise, HT just initiated a "Bear Shark 1", pattern. Perhaps this will be a better timing for this pattern; I'll let you know how it goes.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Walter_HT on June 28, 2017, 11:12:37 AM
So here is a back test from 1/1/2013 to now.
That's 4,5 years!
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 28, 2017, 12:49:11 PM
So here is a back test from 1/1/2013 to now.
That's 4,5 years!


Great Work, Walter.

Something to take to the bank. ;)

I sent you  P.M., about the comment section, please have a look.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Lingsbord on June 28, 2017, 05:21:52 PM
Hi Guys

55 pages in, and the owner of this EA is a regular contributor and there's no negativity towards him and his product. This is hugely encouraging! Walter seems a genuine guy and personally I've worked with Harmonics in the past with solid results so the basis of the EA is sound, especially, as Walter agrees, in primarily ranging markets which we have now.

From Monday I'm grabbing the full version and going live with real money (small amount to begin with). I won't be posting daily updates because the EA deserves time to make some consistent returns, but I will try to provide some regular commentary as we progress.

Title: Re: Harmonics Trader EA
Post by: Ruairi OPleurisy on June 28, 2017, 05:52:00 PM
Hi Artcool, I just had a closer look at the trades and in actual fact the balance dropped to a low of $277.61 on 22nd May 2013 (from the original starting balnce of $10,000 on Feb 1st 2009).

From there on it makes a quite remarkable and barely believable recovery to a flying finish with that $141195.69 profit.

I'll run another test with the Fri close feature enabled and what that yields.

Tried to attach the original backtest but too big.  Here's a few salient snippets :-

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F7OqyriQS.png&hash=b4553fd83e3861730214203162e02eea)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2FXJzcB9N9.png&hash=a03b34c2bd9e09271df00b29e639c625)
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbsnap.com%2Fi%2F6iS8f5Qo.png&hash=1736167dd050000039fdd8f0d3165504)

Hi Lingsgard, I did quote this potentially 'negative' comment.  Profit is profit, but $10k down to $277 along the way is hard to take.  It seems much better suited to modern markets as Walter's backtest from earlier shows.  Plus some good live results being posted.  Let's hope it continues this way  :D
Title: Re: Harmonics Trader EA
Post by: Lingsbord on June 28, 2017, 05:59:25 PM
Hi Ruari

Yes I saw that, and raised the question with Walter. I think I'm going to go with small sizes until I get ahead, and only use the latest version.

By the way I saw your comment as constructive, not necessarily negative  ;)

Thanks for posting that btw, very interesting how it would go down that far only to explode to the upside but maybe the latest version, in current market conditions etc etc etc..... we'll see. I'll never rely solely on an EA for my trading, but as something running in the background chipping in with its own contribution, I really like the look of this thing
Title: Re: Harmonics Trader EA
Post by: Ruairi OPleurisy on June 28, 2017, 09:06:31 PM
Good luck Lingsbord.  It does look promising.

PS. Sorry for misquoting your name in my last post.  I may have had a bottle in front of me, or a frontal labotomy.  Or both  :D
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on June 28, 2017, 11:41:11 PM
Hi Ruari

Yes I saw that, and raised the question with Walter. I think I'm going to go with small sizes until I get ahead, and only use the latest version.

By the way I saw your comment as constructive, not necessarily negative  ;)

Thanks for posting that btw, very interesting how it would go down that far only to explode to the upside but maybe the latest version, in current market conditions etc etc etc..... we'll see. I'll never rely solely on an EA for my trading, but as something running in the background chipping in with its own contribution, I really like the look of this thing

Hello, Lingsbord.

That is how I have been using HT now for over two years, HT being a small contribution from a number of EA's I am using. However, I must confess lately, I have been second guessing myself because of the consistent win rate, and the temptation to increase lot size.  :-\

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: BOBO-FX on June 28, 2017, 11:49:13 PM
Is that the one and and the same 'Lingsbord' that used to post greatly detailed strategy/ies on Binary Option Edge? If so it encourages me that you find this HT EA credible, subject to live testing. I like others I guess are also on the cusp of giving this EA a work. look forward to your posts as and when.  Incidentally does this mean you have forsaken BO for core Forex trading?
Title: Re: Harmonics Trader EA
Post by: Lingsbord on June 29, 2017, 10:18:34 AM
Cheers for the replies guys, Ruari I've been called worse mate  ;D, no worries.

BOBO, yes that was me. I only ever played with Binaries for a while, a bit of fun really. I made good money and quickly, but the whole industry is full of scammers and thieves. I never left my "home" in Spot FX where I've been for far more years than I care to mention (I still have the silly jacket!)

I hate EAs and would never ordinarily trade with them, but I've used Harmonics for a long time and they're great for giving a heads-up on potential swing turns. I was checking out the Harmonics Indicators out there (Scott Carey's stuff is very good) when I came across Walter's offering. I was intrigued and when I found genuine guys like you lot making encouraging noises I thought I'd give it a go.

Like Ilios says, it's only a part of what I do. I'll run my own swing strategies over the top of the EA and I might manually hedge trades opened by the EA if I don't have faith in them, but if it goes well I'll set it going on its own account and just let it do its thing.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 03, 2017, 01:33:44 PM
OK, EA bought, loaded up and running on a small (to begin with) live account, dedicated VPS account also been set up for it and that should be operational within a day.

Right now it's telling me the next emerging pattern is a bearish black swan which should result in a buy order if it completes.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 03, 2017, 02:39:46 PM
......
Right now it's telling me the next emerging pattern is a bearish black swan which should result in a buy order if it completes.
Just a supplement to your post and to avoid any misunderstandings, it will indeed buy from the C to the D point, and when the emerging bearish pattern completes it will sell  from the D point ;)
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 03, 2017, 05:33:09 PM
......
Right now it's telling me the next emerging pattern is a bearish black swan which should result in a buy order if it completes.
Just a supplement to your post and to avoid any misunderstandings, it will indeed buy from the C to the D point, and when the emerging bearish pattern completes it will sell  from the D point ;)

Exactly, thanks Walter, sorry for the confusion  8)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 04, 2017, 01:37:45 AM
......
Right now it's telling me the next emerging pattern is a bearish black swan which should result in a buy order if it completes.
Just a supplement to your post and to avoid any misunderstandings, it will indeed buy from the C to the D point, and when the emerging bearish pattern completes it will sell  from the D point ;)

Exactly, thanks Walter, sorry for the confusion  8)

We have a pattern forming; the question is, does "bearish" mean short or long; because earlier it meant long:-\? :P

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: AcuraMDX on July 04, 2017, 07:03:04 AM
Will this EA comply US brokers that needs "FIFO" and "no hedging"?
Please advise.
Thanks.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 04, 2017, 12:33:27 PM
Will this EA comply US brokers that needs "FIFO" and "no hedging"?
Please advise.
Thanks.

Hello, AcuraMDX.

I would think so: This EA places 3 initial trades with lot sizing based on the risk value you have indicated. It takes profit at various levels, closing one of the open trades as it hits a predetermined target; it does not use hedging.

But I am only a user of the EA for the past two years, Walter, the developer, will qualify my response if and when he comes across your message.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 04, 2017, 12:37:02 PM
Will this EA comply US brokers that needs "FIFO" and "no hedging"?
Please advise.
Thanks.

ACURA - the EA is not FIFO Compliant because if patterns overlap it could have long and short positions open at the same time. This is from the FAQ on Walter's site.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 04, 2017, 01:09:14 PM
Will this EA comply US brokers that needs "FIFO" and "no hedging"?
Please advise.
Thanks.
As answered to you email AcuraMDX:
No, HT ULTIMATE (4 series) is not FIFO compliant and it does hedge. (will trade bearish and bullish patterns at the same time)
But the previous 3 series HarmonicsTrader v3.4.3 is  FIFO compliant and it does not hedge.
HarmonicsTrader v3.4.3 is a very good EA as well.  You can also download and try it.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 04, 2017, 01:28:05 PM
We have a pattern forming; the question is, does "bearish" mean short or long; because earlier it meant long:-\? :P

Regards,
Ilios
I can understand that some people are confused when Buying with a Bearish pattern, but you have to keep EMERGING in mind.

Let's assume a Bearish Gartley:
Normally a pattern is traded from the D point, so when it is completely formed. (4 legs XA, AB, BC and CD)
So with this Bearish Gartley, we will SELL  from the D point, right?
Now, if it is not complete yet (no D point yet or only 3 legs: XA, AB and BC have formed), it is still EMERGING.
(Emerging means that the pattern is not completed yet)
So in the top left corner of the chart it will say "Emerging Bearish Gartley".
Now HT ULTIMATE will BUY from the C point towards the D point (D point has still to come)
And that's what makes HT ULTIMATE quite unique!

Hope that this clears things up.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 04, 2017, 01:46:55 PM

I totally get it.

I've added 3.4.3 now as well.
Title: Re: Harmonics Trader EA
Post by: AcuraMDX on July 04, 2017, 04:32:50 PM
Will this EA comply US brokers that needs "FIFO" and "no hedging"?
Please advise.
Thanks.
As answered to you email AcuraMDX:
No, HT ULTIMATE (4 series) is not FIFO compliant and it does hedge. (will trade bearish and bullish patterns at the same time)
But the previous 3 series HarmonicsTrader v3.4.3 is  FIFO compliant and it does not hedge.
HarmonicsTrader v3.4.3 is a very good EA as well.  You can also download and try it.
Thanks Walter, i got your email.
What is the difference between V3 and V4? are there any live/backtest information about V3? Can you briefly explain more about V3 and how it behaves?
Thanks.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 04, 2017, 05:36:16 PM
Thanks Walter, i got your email.
What is the difference between V3 and V4? are there any live/backtest information about V3? Can you briefly explain more about V3 and how it behaves?
Thanks.
Let me explain some of the differences between the latest version HT ULTIMATE (that's the 4 series)
and the previous version HarmonicsTrader v3.4.3 (that's the 3 series).

They both open 3 trades/pattern.

The 3 series can be used on any pair/TF and has more settings to tweak.
(optimize it first if you want to use it on anything else than EU H1!)
 
The 4 series works on every tick and always with hard SL & TP.
The 3 series works on the close of the (H1) candle, so candle has to close past SL or TP for a trade to be closed.
(but it has a safety SL further away)
 
The 4 series (can/will) trade(s) several patterns at the same time. (can be buy and sell)
The 3 series closes open trades if opposite pattern is going to be traded. (so doesn't hedge)
 
HT ULTIMATE trades 10 patterns from the C point already.
The HT v3.4.3 does that only with one pattern, the cypher.

The 3 series uses the (heavy) ZUP indicator and looks for patterns with a ZZ depth between 7 and 35.
In the 4 series, each pattern has it's own optimized ZZ depth.

The 3 series has default a fib deviation of 5% on each point
and the 4 series only 5% deviation on points with the same min and max values.

And I probably forget some.
(The User Guides and strategy tester will shed some more light on it)
Title: Re: Harmonics Trader EA
Post by: SPLand on July 04, 2017, 05:48:02 PM
what is your risk per trade?
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 04, 2017, 06:22:18 PM
Lot size is a user-definable setting, so the degree of risk is surely down to the profile of the user.
Title: Re: Harmonics Trader EA
Post by: reinerh on July 04, 2017, 11:01:05 PM
walter,

whats new in 4.2.3

is it a must to upgrade right away ?? bug fix important or something.

or is it the version with the new pairs ?
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 04, 2017, 11:55:12 PM
walter,

whats new in 4.2.3

is it a must to upgrade right away ?? bug fix important or something.

or is it the version with the new pairs ?

It isn't a must.  Nothing urgent.  The bug fix was merely aesthetic.
I'm getting the impression that not everybody got our newsletter!?
Did you?
Title: Re: Harmonics Trader EA
Post by: reinerh on July 05, 2017, 02:29:27 AM
neh, i did not get the newsletter, weird.

checked spam folder too.

no biggie.

good to know nothing urgent.

thx walter
Title: Re: Harmonics Trader EA
Post by: dupapa on July 05, 2017, 11:25:29 AM
No didn't get the news letter here either.

 Thanks for clearing up differences between the versions :)

Sent from my SM-G930F using Tapatalk

Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 05, 2017, 06:51:32 PM
48 hours in, I haven't had a single losing trade yet  ;)
Title: Re: Harmonics Trader EA
Post by: dutchie on July 06, 2017, 03:22:17 PM
48 hours in, I haven't had a single losing trade yet  ;)
How many winnings trades did you had in the last 48 hours?  ;)
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 06, 2017, 04:04:00 PM
48 hours in, I haven't had a single losing trade yet  ;)
How many winnings trades did you had in the last 48 hours?  ;)

hahaha  ;D 

Actually it's shaping up nicely. First trade is looking very strong, currently +40 pips, next pattern is also emerging so things are heating up.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 06, 2017, 05:22:46 PM
48 hours in, I haven't had a single losing trade yet  ;)
How many winnings trades did you had in the last 48 hours?  ;)

hahaha  ;D 

Actually it's shaping up nicely. First trade is looking very strong, currently +40 pips, next pattern is also emerging so things are heating up.

It's at this point where you  begin to ask yourself, "This is a nice profit, should I bank it?" Friday, tomorrow and like Duchie, last week, the second question might creep in, "Should I keep it open over the weekend"? :P :-X

Let's see what happens. Thus far with the new version, we have had 34% monthly gain, which is phenomenal.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 06, 2017, 06:34:03 PM
My intention is to just let it run over weekends and anything else. I'll try to avoid crazy news days (NFP coming up!) but in general I just want to let it do its thing. Great start!
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 06, 2017, 07:09:05 PM

It's at this point where you  begin to ask yourself, "This is a nice profit, should I bank it?" Friday, tomorrow and like Duchie, last week, the second question might creep in, "Should I keep it open over the weekend"? :P :-X

Let's see what happens. Thus far with the new version, we have had 34% monthly gain, which is phenomenal.

Regards,
Ilios

If you bank it early, you should be consequent and also close the trades earlier when it goes into negative!
Because if you let the next trades hit the SL, this early gain won't compensate for the next loss.
But by all means, interfere and correct SLs & TPs if you feel it's necessary.
An EA has its limitations.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 06, 2017, 08:04:10 PM
Absolutely Walter

You turn the percentages against yourself by closing too early but letting the losers go to the stops.

This is a hugely promising product, so I for one want to be as hands-off as possible and just let it do its thing.
Title: Re: Harmonics Trader EA
Post by: reinerh on July 06, 2017, 10:26:17 PM
walter,

with ultimate, please correct me if iam wrong.

one can close trades at any time, it will not like try to reopen or doing something else weird.

it will still enter next signal, even so it was manually interfered ??

it will close all trades fridays = not hold over weekend.

is that about right ??
Title: Re: Harmonics Trader EA
Post by: Ruairi OPleurisy on July 06, 2017, 11:00:05 PM
reiner,

I'm not running this, but have backtested -  I can answer one of your questions regarding closing on Fri - there is an autoclose function and associated time which you can configure to ensure the EA will close out all trades before the w/e.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 07, 2017, 12:03:48 AM
walter,

with ultimate, please correct me if iam wrong.

one can close trades at any time, it will not like try to reopen or doing something else weird.

it will still enter next signal, even so it was manually interfered ??

it will close all trades fridays = not hold over weekend.

is that about right ??

To ease your mind, reinerh, I closed my three positions and took a nice profit: I decided to do so after seeing not one but two, pending patterns, suggesting an upcoming sell. The two sell patterns remain intact, ready for action.

Regards,
Ilios

Title: Re: Harmonics Trader EA
Post by: SPLand on July 07, 2017, 02:27:59 AM
anyone using this ea, maybe can link up a fx book live?

Im keen to see the risk management for this EA.
Title: Re: Harmonics Trader EA
Post by: reinerh on July 07, 2017, 05:15:24 AM
spl,

go to his web site and look up the tracking accounts.

risk mgm is up to anybody running this ea, = setting his or her mm accordingly.

the official accounts are run on the high side, i run mine half.
Title: Re: Harmonics Trader EA
Post by: reinerh on July 07, 2017, 05:17:30 AM
walter,

with ultimate, please correct me if iam wrong.

one can close trades at any time, it will not like try to reopen or doing something else weird.

it will still enter next signal, even so it was manually interfered ??

it will close all trades fridays = not hold over weekend.

is that about right ??

To ease your mind, reinerh, I closed my three positions and took a nice profit: I decided to do so after seeing not one but two, pending patterns, suggesting an upcoming sell. The two sell patterns remain intact, ready for action.

Regards,
Ilios

thx ilios, i left mine open so far but decide before nfp.

i expect a spike up, followed by down move, we shall see only mr market knows :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 07, 2017, 09:57:11 AM
walter,

with ultimate, please correct me if iam wrong.

one can close trades at any time, it will not like try to reopen or doing something else weird.

it will still enter next signal, even so it was manually interfered ??

it will close all trades fridays = not hold over weekend.

is that about right ??
If you close trades manually, that's fine, it remembers what it has already traded so it will not do anything weird like open those trades again.
But if you close the MT4 and then restart it and the pattern is still there, then there are two possible scenarios:
1. if price is below the trigger line for a buy and above the trigger line for a sell, it will simply wait for price to reach that trigger line and will trade again.
2.  If price has already past the trigger line and that trade should be in far progress already, there will be a pop-up window asking if you still want to trade that pattern, yes or no.
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 07, 2017, 11:04:19 AM
walter,

with ultimate, please correct me if iam wrong.

one can close trades at any time, it will not like try to reopen or doing something else weird.

it will still enter next signal, even so it was manually interfered ??

it will close all trades fridays = not hold over weekend.

is that about right ??
If you close trades manually, that's fine, it remembers what it has already traded so it will not do anything weird like open those trades again.
But if you close the MT4 and then restart it and the pattern is still there, then there are two possible scenarios:
1. if price is below the trigger line for a buy and above the trigger line for a sell, it will simply wait for price to reach that trigger line and will trade again.
2.  If price has already past the trigger line and that trade should be in far progress already, there will be a pop-up window asking if you still want to trade that pattern, yes or no.

Hello, Walter:

I wonder if you can place this request on your "to do list", where you provide the user with a switch, "ReptLastPat=True/False". I want, after closing a position and deciding that it is still valid, to re-engage the last pattern. I find that there are times when a serious pending news event, is too strong to ignore and thus I would close my positions; after the news event, if the market is not severely shaken, I would want to continue that trade(s) sequence if the market has not moved much in either direction since my close . The pending NFP is a good example. :)


Regards,
Ilios

Title: Re: Harmonics Trader EA
Post by: reinerh on July 07, 2017, 01:10:28 PM

thanks walter,

wow, sounds very spiffy, i like that = what it does.
Title: Re: Harmonics Trader EA
Post by: dupapa on July 07, 2017, 01:56:57 PM
I left my trades in although ilios I think made the right choice to cash in due to red impact news.

I like the fact the ea protects it's profit as it trades start to go in the correct direction.

Got stopped on eu longs on the news but still received a 1% Profit.

Currently sat with one long and now a bearish pattern that's emerging has just open 3 short trades.

Wonder how I stack up to others on this :)

Cheers
Ben

 

Sent from my SM-G930F using Tapatalk

Title: Re: Harmonics Trader EA
Post by: CanadianPsycho on July 07, 2017, 02:15:52 PM
I've just started playing with HT. I've always like Harmonics from years back, but never saw an EA well built for managing the trades from open to close.

Set it on -30% lot sizing to see how it plays...and even at this level it risks quite a bit of capital I think as the stop losses, if hit on all three trades in a sequence would seem to give up 6% of the account...or 5% of the account on this second sequence. Am I seeing something wrong or is the risk not constant Walter?

I think I must have misread something because the behaviour is slightly unexpected. That said, I've got a high degree of confidence in the current trades just from what I know about harmonics already, so I'm not super worried at the moment but I might want to reevaluate the settings.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 07, 2017, 03:38:31 PM
Ben

I'm with you mate, 2 longs closed at the trail for a profit, and 3 shorts opened since. Just remember it's a bullish pattern, we're just trading the last bearish leg of it  ;)

In hindsight it would have been better to close the longs at the highs, but we have to remember that 3 years of backtest doesn't involve any manual interventions so I'm going to let it run. The backtest went through 36 NFPs so it can cope with one more I'm sure.

Ilios - congrats on bagging a nice profit :-)

Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 07, 2017, 04:47:01 PM
Ben

I'm with you mate, 2 longs closed at the trail for a profit, and 3 shorts opened since. Just remember it's a bullish pattern, we're just trading the last bearish leg of it  ;)

In hindsight it would have been better to close the longs at the highs, but we have to remember that 3 years of backtest doesn't involve any manual interventions so I'm going to let it run. The backtest went through 36 NFPs so it can cope with one more I'm sure.

Ilios - congrats on bagging a nice profit :-)

Thanks, Lingsbord.

Just to let you know, I just closed my shorts for a small profit. Seeing another bullish pattern emerge and a weekend ahead, I would rather play it safe.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 07, 2017, 04:49:20 PM

Hello, Walter:

I wonder if you can place this request on your "to do list", where you provide the user with a switch, "ReptLastPat=True/False". I want, after closing a position and deciding that it is still valid, to re-engage the last pattern. I find that there are times when a serious pending news event, is too strong to ignore and thus I would close my positions; after the news event, if the market is not severely shaken, I would want to continue that trade(s) sequence if the market has not moved much in either direction since my close . The pending NFP is a good example. :)


Regards,
Ilios

I will keep it in mind, but it's already complicated as it is ;)
On the other hand, what I was thinking is to let it reopen trades on Monday after closing them on Friday ... just an idea.
(Since it is more profitable, according to back tests, to leave 'm open over the weekend)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 07, 2017, 05:02:06 PM
I've just started playing with HT. I've always like Harmonics from years back, but never saw an EA well built for managing the trades from open to close.

Set it on -30% lot sizing to see how it plays...and even at this level it risks quite a bit of capital I think as the stop losses, if hit on all three trades in a sequence would seem to give up 6% of the account...or 5% of the account on this second sequence. Am I seeing something wrong or is the risk not constant Walter?

I think I must have misread something because the behaviour is slightly unexpected. That said, I've got a high degree of confidence in the current trades just from what I know about harmonics already, so I'm not super worried at the moment but I might want to reevaluate the settings.

Hello, Walter. I think CanadianPsycho, makes a good point.

Even at 30-40% lot size adjustment, which would be about .01 lots, it doesn't take into account multiple buy/sell patterns appearing at the same time, thus, doubling or even tripling once risk. Like I said, this is the first time I have seen double patterns in the same direction, and I don't know if it is possible for more than two. Can you please touch base on this. I am a very conservative trader and want to know where we stand in terms of risk.

Regards,
Ilios
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 07, 2017, 05:04:46 PM
I've just started playing with HT. I've always like Harmonics from years back, but never saw an EA well built for managing the trades from open to close.

Set it on -30% lot sizing to see how it plays...and even at this level it risks quite a bit of capital I think as the stop losses, if hit on all three trades in a sequence would seem to give up 6% of the account...or 5% of the account on this second sequence. Am I seeing something wrong or is the risk not constant Walter?

I think I must have misread something because the behaviour is slightly unexpected. That said, I've got a high degree of confidence in the current trades just from what I know about harmonics already, so I'm not super worried at the moment but I might want to reevaluate the settings.
Thanks!
You're right on both things, 1, risk isn't constant because the Lot Size is calculated on free margin and so with SL distances varying from pattern to pattern, the risk varies too.
And 2, the default lot size is rather high, I agree, but if you are dealing with a BIG account and are pleased with an annual return of 20% like the big boys, then by all means, reduce the lot size (Lot Size Adjust setting) with -90% or so.  If you like to play it riskier then you can leave it around that setting.

And to play it even safer, I'm considering to add settings to reduce (cap) the risk% / pattern and total risk%.
Just for everyone to have ease of mind.  We'll see.


Hello, Walter. I think CanadianPsycho, makes a good point.

Even at 30-40% lot size adjustment, which would be about .01 lots, it doesn't take into account multiple buy/sell patterns appearing at the same time, thus, doubling or even tripling once risk. Like I said, this is the first time I have seen double patterns in the same direction, and I don't know if it is possible for more than two. Can you please touch base on this. I am a very conservative trader and want to know where we stand in terms of risk.

Regards,
Ilios
Yes, more patterns in the same direction are possible.  And since you are a conservative trader then you could reduce the lot size (risk) even more.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 07, 2017, 05:29:42 PM
Just to be clear I'm running on default settings and just letting everything go. It seems we're already done for the day so I'll see where we open after the weekend.

For a crusty old trader like me who hates EAs, this is actually quite exciting :-)
Title: Re: Harmonics Trader EA
Post by: CanadianPsycho on July 07, 2017, 05:44:40 PM
Lingsbord, as a crusty young trader who's cut his teeth almost entirely with EAs over the past decade, I'm happy you're excited. Hahaha. ;D

Walter, thanks for the come back there man. I appreciate the clarity.

I like that the EA calculates based on current free margin, but I wasn't aware of it so that was a little confusing to me. In my own estimation it's a good way to go though it might be nice to be able to choose between lot sizing according to free margin and according to account balance.

In regard to trades maintained over weekends, I'll just add my own two cents for consideration. In my opinion, the more options a trader has the better. That doesn't seem to be a universal truth for everybody, but I like having lots of options to choose from so having an EA that would close trades and then reopen after Friday might be good but personally, I wouldn't use the option.

Harmonic patterns aren't typically trades where you'll be in and out of the market in a few hours. They're typically swing trades, and weekends count as part of that swing in my mind. Horrifying things can happen over a weekend like...I dunno...New Zealand could sink into the sea on a Saturday and the market open would be chaotic. Traders like to avoid weekends because they want to avoid those situations where a black swan happens and they can't intervene to minimize losses. My take on those events is that these black swans should be part of a broader approach to risk management that's inclusive of funds outside of your trading account.

Markets can suffer from some very dramatic events and widened spreads during market open as well like when Japan got hit by that Tsunami in 2011. That was on a Friday afternoon Japanese time. In the end, I tend to think that one's risk management should include the possibility of major market movements on market open after weekend closes because really, that could happen while I'm asleep too during market open. These are volatile markets!
Title: Re: Harmonics Trader EA
Post by: dupapa on July 07, 2017, 06:07:07 PM
I've just shut down for the weekend.

I'm not one for leaving trades over weekend if I can help it. My understanding is if price is still around this price point come Monday it could re-trigger the setup and I'll be back in again.

I'd agree a lot size done on balance would be the better option

First couple days with the ea and it's been a good experi3nce

Which for once is a relief as every ea I touch no matter the history usually blows up a day later!!

Sent from my SM-G930F using Tapatalk

Title: Re: Harmonics Trader EA
Post by: dupapa on July 07, 2017, 06:10:02 PM
Little under 2% gain for the week. Very impressive with almost 0% draw down.

I do like the way your Ea works Walter very impressive so far.



Sent from my SM-G930F using Tapatalk

Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 07, 2017, 06:26:30 PM
Thanks for the feed-back and the compliments Gents!
I'm always listening.
A very nice weekend to you all!
Title: Re: Harmonics Trader EA
Post by: petermatt on July 07, 2017, 09:52:44 PM
reiner,
I'm not running this, but have backtested -  I can answer one of your questions regarding closing on Fri - there is an autoclose function and associated time which you can configure to ensure the EA will close out all trades before the w/e.

Thanks for that info Ruairi. I have overlooked the "No More Trades After Friday...." and "Close Trades.on Friday....." functions. I feel like an idiot because I have been putting a separate Trade Manager on each of the open trades in separate charts by Order Number to do the same thing.  :-[  :-[

That being said this EA is a revelation, at least to me, and I am both happy and impressed with it's performance. Well done Walter.

Pete
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 07, 2017, 10:07:12 PM
reiner,
I'm not running this, but have backtested -  I can answer one of your questions regarding closing on Fri - there is an autoclose function and associated time which you can configure to ensure the EA will close out all trades before the w/e.

Thanks for that info Ruairi. I have overlooked the "No More Trades After Friday...." and "Close Trades.on Friday....." functions. I feel like an idiot because I have been putting a separate Trade Manager on each of the open trades in separate charts by Order Number to do the same thing.  :-[  :-[

That being said this EA is a revelation, at least to me, and I am both happy and impressed with it's performance. Well done Walter.

Pete
I'm starting to blush here  :D
That's what User Guides are fore I guess, but don't be ashamed because I hate to go through manuals myself, I understand ;)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 08, 2017, 02:19:21 AM
Thanks for the feed-back and the compliments Gents!
I'm always listening.
A very nice weekend to you all!


Hello, Walter. Although it is the weekend and a time to "chill out" as my son says, the addicted mind to Forex does not stop thinking. :P

On the discussion of risk, I remember you mentioning that one pattern can have a stronger signal over another. In the case where two or three patterns show up, would there be an option PaternSet=1,2,3 by which choosing the number of possible patterns and lot size, it would be a way to control risk? For example: I, as a conservative trader would set PaternSet=1 and Max Permitted Lot Size=.01, the maximum lots open in my case would be .01 x 3 = .03 lots per trade/pattern, whereas someone with deeper pockets would set, PaternSet=3, Max Permitted Lot Size=.1 or (3x(3 x .1))= .9 lots.

By the way, for those who are following my choices, I was away from my terminal and before I could have a look, already  Emerging Bearish Butterfly had placed trades, so I decided to leave them open over the weekend; what could possibly go wrong: Putin and Trump could challenge each other to a wrestling match. What a wonderful way to solve our world problems. Any bets? ;) ;D

Regards,
Ilios ( I hope we are all around Sunday night "after", the wrestling match.)
Title: Re: Harmonics Trader EA
Post by: alaali on July 08, 2017, 07:27:52 AM
Hello Walter,

Just want to know if in your account you are using the settings:
- No More Trades After Friday
- Close Trades on Friday

I can see that trades are closed on your account before the close of the market.

Thanks for the feed-back and the compliments Gents!
I'm always listening.
A very nice weekend to you all!
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 08, 2017, 08:40:11 AM
Whilst I agree that going into the weekend with a flat account is advisable, we're talking about medium-term swing trades here, and you'll find a lot of these will spread through the weekend before completion. The risk is real, but the counter-risk is that the amount you leave on the table builds and builds over time. As Walter has said, if you cut your winnings on a Friday you must also close your losing trades too otherwise you'll skew results against yourself.

I always try to be flat going into the weekend, but when discretionary (manual) trading I tend to trade on Dailies, so in reality closing those out is not an option unless I'm 200+ pips ahead and the market's showing signs of turning. However, I also trade a lot on the 4H charts with 50-pip targets, so these I will usually try to have closed out by Friday evening and I never enter new 4H trades on a Friday.

Walter has said that the returns are higher when he's run tests that included holding trades over the weekend. This EA is only running 15% of my account (for now!!) so for me it's just going to do its own thing and succeed or fail on that basis (but I'm very confident that this is the real deal).

Have a great weekend everybody  :)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 08, 2017, 09:12:16 PM
@Humble Trader's Fx (Illios)
I've been working all day on an additional RIsk choice for the user.
It's not finished yet but it's going to be something like "Max Risk % / Pattern" AND "Max Total Risk %".
Similar to the "Max Lot Size" setting.
In short, putting in a ceiling.

@alaali
Yes, and Lingsbord explained it nicely.

I may add to Lingsbord's explanation that closing positions before market close only gives a little less profit according to back tests than leaving them open.
Because it doesn't happen a lot that there are open positions at that time
And it is not quite the same as consistently closing trades all over the place whenever you have a little profit, because then, like Lingsbord says, your are ruining your RR long term.

That's also why there is the setting "No More Trades After Friday 17:00 UTC" which is a great addition to "Close Trades on Friday 20:45 UTC"
Title: Re: Harmonics Trader EA
Post by: alaali on July 09, 2017, 06:49:44 AM
Thanks for the info,

I want to use the same setting as you so just to be sure you are using both "No More Trades After Friday 17:00 UTC" and "Close Trades on Friday 20:45 UTC"?

Thanks


@Humble Trader's Fx (Illios)
I've been working all day on an additional RIsk choice for the user.
It's not finished yet but it's going to be something like "Max Risk % / Pattern" AND "Max Total Risk %".
Similar to the "Max Lot Size" setting.
In short, putting in a ceiling.

@alaali
Yes, and Lingsbord explained it nicely.

I may add to Lingsbord's explanation that closing positions before market close only gives a little less profit according to back tests than leaving them open.
Because it doesn't happen a lot that there are open positions at that time
And it is not quite the same as consistently closing trades all over the place whenever you have a little profit, because then, like Lingsbord says, your are ruining your RR long term.

That's also why there is the setting "No More Trades After Friday 17:00 UTC" which is a great addition to "Close Trades on Friday 20:45 UTC"
Title: Re: Harmonics Trader EA
Post by: deathlord on July 09, 2017, 10:27:23 PM
On market open, the EA asked me if I wanted to trade the Emerging Bullish Navarro even though a complete set of trades for this pattern is open. So is there really a second pattern, or did I just open a second set of trades for the pattern?  ???
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 09, 2017, 10:32:21 PM
On market open, the EA asked me if I wanted to trade the Emerging Bullish Navarro even though a complete set of trades for this pattern is open. So is there really a second pattern, or did I just open a second set of trades for the pattern?  ???

I didn't get that deathlord, just continuation of the friday night situation, so I have the 3 sells from the C Point of the emerging bullish navarro and the last remaining long trade still off the black swan
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 10, 2017, 01:57:33 AM
On market open, the EA asked me if I wanted to trade the Emerging Bullish Navarro even though a complete set of trades for this pattern is open. So is there really a second pattern, or did I just open a second set of trades for the pattern?  ???
Very strange!
Normally it picks up where it left off, even if you closed the platform.
Some questions:
1. Did you close the chart?
2. Did you delete the Global Variables? (hit F3 and see if anything in the line of "HT_ULTIMATE13021_60_EURUSD_TimePoin ...." is still there)
3. Are there other EA's active on that MT4?
4. Do you see the comment 'Em Bull Navaro ..."? (right click terminal window and checkmark "Comments")
Title: Re: Harmonics Trader EA
Post by: deathlord on July 10, 2017, 06:28:24 AM
Meanwhile the original basket ran into stop loss and closed with a profit, and the new basket is still open.

1. no, but I had to restart the Terminal since MQLLOCK was acting up for other EAs.
2. all HT variables are from tonight, even though there is still one trade from last week's Black Swan open.
3. yes, several
4. sure
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 07:46:37 AM
Just refreshed the platform and up popped an emerging bearish butterfly to add to the current pattern list. Hopefully everyone has it?
Title: Re: Harmonics Trader EA
Post by: deathlord on July 10, 2017, 08:14:49 AM
No, I don't have that one (yet)


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Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 08:17:32 AM
No, I don't have that one (yet)


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refreshed again and it's entered 3 trades on that butterfly

deathlord open up the EA properties box and just click ok to close it - see if it pops up on the refresh
Title: Re: Harmonics Trader EA
Post by: deathlord on July 10, 2017, 08:24:07 AM
Yes, got it in the overview now, but no trades. And I know got the previous bullish Navarro 2x in the overview.


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Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 08:28:05 AM
navarro's disappeared from my overview, I just have the black swan with order 3 still running, and the Butterfly with 3 long trades at 1.1408 area
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 10, 2017, 10:54:19 AM
When you reset, restart platform, etc. there are some features build in to take care of things.
It will detect if there are open trades and on which pattern.
It will pick those up and doesn't attempt to open more trades on that pattern.
We have also this pop-up window asking if you still want to trade that pattern, yes or no, if price has already past the trigger line and that trade should be in far progress already.
We store all pattern info in Global variables (F3) to read those on restart and pick up where we left off.
And some more ...
But there are a lot of possible scenarios and there's only that much that it can handle to make it fool-proof. (I'm not saying that you are fools ;) )

So please leave it alone as much as you can, especially when there are trades in progress or several found patterns.
And if your chart gets too messy because of fooling around with it too much, start with a clean setup when there is nothing going on at that moment.
(When you close the chart, not the platform, then all global variables will be deleted too to tidy things up)

HT uses a lot of variables to store information in so it uses a big chunk of memory and resources of the MT4 instance.
And because MT4 does not have the best memory handling, I strongly recommend that you have one MT4 instance for each EA. (I have also seen weird stuff happening in the past)
HT really should run solo in its own MT4 for best performance.

Edit:
And then there's this issue that some have more or less patterns then others.
For instance those Butterflies. I did not have those and one of our customers did.
So I checked that and there were 2 swing points which were different from mine:
his low point is at 1.13125 and mine is 1.13124
his high point at 1.14273 and mine is 1.14275
 
So even a small difference like that can mean a pattern or no pattern.
More patterns isn't necessarily a bad thing, could even be better.
So everything ok!
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 11:29:55 AM
Thanks Walter

My only concern is the Butterfly didn't appear on my demo, a separate instance of MT4 but the same broker/price feed.

Anyway, let's see how it pans out. In future I'll only refresh when I'm flat :-)
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 10, 2017, 12:00:16 PM
Thanks Walter

My only concern is the Butterfly didn't appear on my demo, a separate instance of MT4 but the same broker/price feed.

Anyway, let's see how it pans out. In future I'll only refresh when I'm flat :-)
Compare the swing low & high prices on those accounts.
I'm curious.
It can also be a matter of at which point in time you have "reset" (if at all) the EA's on both accounts.
If on one account the ZZ has formed a new leg at that time, there will be no emerging pattern drawn anymore. (the full pattern will eventually appear anyway though)
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 12:05:56 PM
Butterfly has appeared on another refresh on the demo but without the trades. Looks like otherwise they're in sync now, so all good.
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 10, 2017, 12:14:34 PM
Butterfly has appeared on another refresh on the demo but without the trades. Looks like otherwise they're in sync now, so all good.
Nice to hear that I got that correct, puts my mind at ease   :)
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 10, 2017, 12:18:06 PM
Good morning, Gents.

It's early morning, 7:20 a.m. here in NA and I have just signed into this plethora of posts about the current situation; perhaps my current status can add some value:

1- As noted from my last week's post, Friday, I had a last minute trade(s) open with an Emerging Bearish Butterfly. As of this moment, the three BUY orders are about .7% down.

2- Normally, I close and refresh my MT4 platform, over the weekend but since I had already done so last Friday morning, I did not do it again over the weekend.

Hope this helps.

Regards,
HumbleTrader

 
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 10, 2017, 02:00:43 PM
Thanks HT - glad to know I'm not the only one with those 3 longs ;-)
Title: Re: Harmonics Trader EA
Post by: reverie on July 10, 2017, 05:18:24 PM
I'm on icmarket live 05 and I didn't get the bullish butterfly trade.

I did however allowed 3 shorts for Navarro 200 trades to be traded as I have just activated my EA this morning. Should I close off the trades?
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 10, 2017, 08:51:19 PM
I'm on icmarket live 05 and I didn't get the bullish butterfly trade.

I did however allowed 3 shorts for Navarro 200 trades to be traded as I have just activated my EA this morning. Should I close off the trades?

Hello, Reverie.

From what I can tell, we had the Navarro 200 pattern show up last Friday; since then, the Emerging Bearish Butterfly 1, is now in play. I would wait for Walter to respond and since the market is currently asleep as it seems, I wouldn't panic. ???

Regards,
HumbleTrader
Title: Re: Harmonics Trader EA
Post by: Walter_HT on July 10, 2017, 09:15:17 PM
I'm on icmarket live 05 and I didn't get the bullish butterfly trade.

I did however allowed 3 shorts for Navarro 200 trades to be traded as I have just activated my EA this morning. Should I close off the trades?

That's up to you.
The pop-up is there because the price was already about 20 to 25 pips past the trigger line! (see page 4 of the User Guide for Trigger Line)

When you put the EA on the chart for the first time or if the EA was already on the chart and you close the MT4 and then restart it and there is a pattern found then there are two possible scenarios:
1. If price is below the trigger line for a buy and above the trigger line for a sell, it will simply wait for price to reach that trigger line and will trade.
2. If price has already past the trigger line and that trade should be in far progress already, there will be a pop-up window asking if you still want to trade that pattern, yes or no.
Title: Re: Harmonics Trader EA
Post by: alaali on July 11, 2017, 09:56:57 AM
My current situation.
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 11, 2017, 10:10:47 AM
I guess our results might differ as our choice of broker/price feed seems to be creating differing patterns to a small extent.

Alaali - I have emerging bearish black swan and emerging bearish butterfly with open BUY orders on both
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 11, 2017, 06:56:27 PM
Great day today.

The remaining long from the previous set now has S/L at BE+55 pips so that's a winner.

One of the 3 longs on the butterfly hit TP

The other two are doing great with SL now at BE + 16 and BE + 23

Just added to the list are an Emerging Bullish Shark and a Bearish Black Swan.

Title: Re: Harmonics Trader EA
Post by: CanadianPsycho on July 11, 2017, 07:21:20 PM
I had 3 shorts from an Emerging Bullish Butterfly hit full SL today, but I just started using the EA so I figured that'd happen.  ;D ;D

Also got one of the three longs hitting profit and the other two have moved their SL to BE+31 pips so that's cool.

Looking forward to watching the Emerging Bullish Shark and Bearish Black Swan play out if they execute trades.  ;)

Man it's been over 10 years in FX and I can't help but get as wrapped up in this kind o' stuff as I did in catching new episodes of Star Trek Deep Space 9 when I was a kid. Hahaha.
Title: Re: Harmonics Trader EA
Post by: dupapa on July 11, 2017, 07:35:36 PM
Great day today.

The remaining long from the previous set now has S/L at BE+55 pips so that's a winner.

One of the 3 longs on the butterfly hit TP

The other two are doing great with SL now at BE + 16 and BE + 23

Just added to the list are an Emerging Bullish Shark and a Bearish Black Swan.

same here,

good day indeed!
Title: Re: Harmonics Trader EA
Post by: Lingsbord on July 11, 2017, 07:49:15 PM
Psycho, sorry about the SLs mate but at least the pain is getting eased a little. I agree with you about this thing. After so long in this business NOTHING gets me excited any more..............until now  ;D

Dupapa - this is great stuff isn't it? The trails are really locking in profits as we go. Really nice.

I just noticed.....after 1 week I'm up 15%

Yes there'll be bad weeks/months, but that's some start!
Title: Re: Harmonics Trader EA
Post by: CanadianPsycho on July 11, 2017, 07:51:19 PM
Oh no no Lingsbord, I meant the opposite. I always get excited. Each new trade is like a new episode of Star Trek. Can't wait to see how it unfolds, and whether or not there's gonna be an epic space battle in the middle somewhere lol.  ;D ;D
Title: Re: Harmonics Trader EA
Post by: Humble Trader's Fx on July 11, 2017, 07:54:37 PM
Oh no no Lingsbord, I meant the opposite. I always get excited. Each new trade is like a new episode of Star Trek. Can't wait to see how it unfolds, and whether or not there's gonna be an epic space battle in the middle somewhere lol.  ;D ;D

Hello, Everyone.

I "zapped" close; pulled out of the remaining 2 trades with a nice profit (The sun is shining.). With two pending sell formations, I think I should just be happy wi