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Author Topic: Harmonics Trader EA  (Read 281048 times)

Offline FLechdrop

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Re: Harmonics Trader EA
« Reply #1560 on: January 26, 2019, 01:16:39 PM »
Aaah... Seems I was only half awake. Thanks, mauricejac.

Question two, then, would be why the official account which has supposedly been running on 2% risk since September, made 32.01% profit since December 14 and taru's account made 13.08%.

One difference is that the official account made about 500 pips on December 20 and taru's account did not trade that day.

Are you running 2% risk, taru?

Online taru

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Re: Harmonics Trader EA
« Reply #1561 on: January 26, 2019, 02:46:15 PM »
Correct. It's running at 2% risk per pattern.

Sent from my SM-G950F using Tapatalk


Offline atomico

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Re: Harmonics Trader EA
« Reply #1562 on: January 28, 2019, 05:16:31 PM »
hi Walter,

you perform some update on the optimization? the EA looks always bad after 2014... the last 4/5 years looks good...

if the market go bad for the actual setting...??? new optimization??? i think that you need to optimize IN-SAMPLE and OUT-OF-SAMPLE the bot, and for more years.

best regard

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1563 on: January 30, 2019, 08:26:49 PM »
Yes, I'm aware of the On-Sample, Out-Of-Sample, but ...
We optimized on a longer period too (+10y) but when optimizing on the last 4 years only, it gave much better results, so we went for that.
After all, that's how the market was at that time.
Should the live results get bad then we might want to optimize again.
But for now, there's a saying: If it ain't broke, don't fix it.
« Last Edit: January 30, 2019, 08:29:05 PM by Walter_HT »
Walter
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Offline jwatts7701

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Re: Harmonics Trader EA
« Reply #1564 on: February 05, 2019, 06:11:00 PM »
I haven't looked at this since May. But you have made a nice recovery indeed. If there is a way to reduce the drawdowns this is gonna be special!

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1565 on: February 05, 2019, 06:30:25 PM »
I haven't looked at this since May. But you have made a nice recovery indeed. If there is a way to reduce the drawdowns this is gonna be special!
Normally there won't be big DD anymore since the risk settings have changed  ;)
See this post:
https://donnaforex.com/index.php?topic=9086.msg383740#msg383740
Walter
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"Simplicity is the highest goal, achievable when you have overcome all difficulties" ~Chopin~


Offline Humble Trader's Fx

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Re: Harmonics Trader EA
« Reply #1566 on: February 20, 2019, 12:22:15 PM »
Anyone interested in following FPT Ultimate v4.5.3 can track it at the following myfxbook link where I'm running it on an IC Markets ECN demo account with USD 10,000 and leverage of 1:500.

http://www.myfxbook.com/members/taru/fpt-ultimate-v453/2768319

I'm running the EA on all the three symbols i.e. AUDUSD, EURUSD and USDJPY.

Also, please disregard the solitary GBPUSD trade (taken by mistake).


Hello, Turu.

Looking at your account today is quite impressive; you are almost ready to hit the jackpot! However, I am concerned that you have almost 3 lots opened with an FOMC meeting on its way, hours from now.   :P

Do you know how to restrict this EA to trade only one pattern at the time?

(-Trade Emerging PatternsSet this to “NO” if you don’t want it to trade Emerging Patterns.)  I think Walter can clarify this.

Regards,
HumbleTrader

« Last Edit: February 20, 2019, 12:25:47 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Online taru

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Re: Harmonics Trader EA
« Reply #1567 on: February 20, 2019, 12:47:12 PM »

Hello, Turu.

Looking at your account today is quite impressive; you are almost ready to hit the jackpot! However, I am concerned that you have almost 3 lots opened with an FOMC meeting on its way, hours from now.   :P

Do you know how to restrict this EA to trade only one pattern at the time?

(-Trade Emerging PatternsSet this to NO if you dont want it to trade Emerging Patterns.)  I think Walter can clarify this.

Regards,
HumbleTrader

Hi HumbleTrader,

There is no option in EA inputs to restrict it to trade one pattern at a time.

Regards,
Tariq

Offline Humble Trader's Fx

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Re: Harmonics Trader EA
« Reply #1568 on: February 20, 2019, 01:13:24 PM »

Hello, Turu.

Looking at your account today is quite impressive; you are almost ready to hit the jackpot! However, I am concerned that you have almost 3 lots opened with an FOMC meeting on its way, hours from now.   :P

Do you know how to restrict this EA to trade only one pattern at the time?

(-Trade Emerging PatternsSet this to “NO” if you don’t want it to trade Emerging Patterns.)  I think Walter can clarify this.

Regards,
HumbleTrader

Hi HumbleTrader,

There is no option in EA inputs to restrict it to trade one pattern at a time.

Regards,
Tariq

Perhaps that is a much needed option to control risk or hope and pray?


Regards,
HumbleTrader
« Last Edit: February 20, 2019, 01:15:19 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1569 on: February 20, 2019, 02:53:57 PM »
There are 3 options you can use:
1. adjust "Risk % Per Pattern"
2. Set "Max Lot Size"
3. Lower the leverage of your account.

If you use option 3 then you will run out of free margin sooner and the EA will lower the lot size on next patterns or even doesn't open more positions.

Or like you suggested, Set "Trade Emerging Patterns" to "NO".
Or on the Common tab of settings set positions to Only Long or Only short.
Or Disable AutoTrading temporarily.
Walter
http://waltsoft.be

"Simplicity is the highest goal, achievable when you have overcome all difficulties" ~Chopin~


Offline Humble Trader's Fx

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Re: Harmonics Trader EA
« Reply #1570 on: February 20, 2019, 03:29:48 PM »
There are 3 options you can use:
1. adjust "Risk % Per Pattern"
2. Set "Max Lot Size"
3. Lower the leverage of your account.

If you use option 3 then you will run out of free margin sooner and the EA will lower the lot size on next patterns or even doesn't open more positions.

Or like you suggested, Set "Trade Emerging Patterns" to "NO".
Or on the Common tab of settings set positions to Only Long or Only short.
Or Disable AutoTrading temporarily.

Thank you Walter.

But wouldn't a trader have more control and to do less intervention if they can just say, " I want to limit my risk to x % Max" and that would be it? The way it stands now, one can choose 2% risk per pattern but if 4 patterns emerge at the same time, they are up to 4 x 2%, 8% risk in no time.


Regards,
HumbleTrader
« Last Edit: February 20, 2019, 03:32:34 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1571 on: February 20, 2019, 03:59:59 PM »
Then we would be back to the previous versions where one could set the risk/pattern and risk total  ;)
So if you want that, use one of these.

There are pro's and con's for the current version.
Remember that it also may open trades in the opposite direction so if price chooses a direction, we still end up in profit (at least if TP is reached).

But I will look into it, maybe I can combine the two versions.
No promises though  ???

Walter
http://waltsoft.be

"Simplicity is the highest goal, achievable when you have overcome all difficulties" ~Chopin~


Offline Humble Trader's Fx

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Re: Harmonics Trader EA
« Reply #1572 on: February 20, 2019, 04:29:53 PM »
Then we would be back to the previous versions where one could set the risk/pattern and risk total  ;)
So if you want that, use one of these.

There are pro's and con's for the current version.
Remember that it also may open trades in the opposite direction so if price chooses a direction, we still end up in profit (at least if TP is reached).

But I will look into it, maybe I can combine the two versions.
No promises though  ???

That would be helpful. Right now looking at  Turu's account with 3 patterns open and negative, one would get pretty nervous as we get closer to FOMC.

Another idea you might entertain is to stagger patterns according to probability of success (if there is such a thing). For instance a Squalus pattern , may have a higher probability of success than a New Cypher pattern. That way,if I were to choose an allotment of Max 2% and I am in a New Cypher pattern using that 2%, if a Squalus pattern is at the door, the EA could ask me, "a stronger pattern is emerging, would you like to participate YES/NO": Much like when you restart a platform and a pattern has been active you are asked if you want to enter.

Just a suggestion... now back to grinding teeth, as the accounts go more negative  as we near FOMC.   ;)


Regards,
HumbleTrader

« Last Edit: February 20, 2019, 04:33:53 PM by Humble Trader's Fx »
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Offline Humble Trader's Fx

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Re: Harmonics Trader EA
« Reply #1573 on: February 21, 2019, 12:56:47 PM »
Then we would be back to the previous versions where one could set the risk/pattern and risk total  ;)
So if you want that, use one of these.

There are pro's and con's for the current version.
Remember that it also may open trades in the opposite direction so if price chooses a direction, we still end up in profit (at least if TP is reached).

But I will look into it, maybe I can combine the two versions.
No promises though  ???

That would be helpful. Right now looking at  Turu's account with 3 patterns open and negative, one would get pretty nervous as we get closer to FOMC.

Another idea you might entertain is to stagger patterns according to probability of success (if there is such a thing). For instance a Squalus pattern , may have a higher probability of success than a New Cypher pattern. That way,if I were to choose an allotment of Max 2% and I am in a New Cypher pattern using that 2%, if a Squalus pattern is at the door, the EA could ask me, "a stronger pattern is emerging, would you like to participate YES/NO": Much like when you restart a platform and a pattern has been active you are asked if you want to enter.

Just a suggestion... now back to grinding teeth, as the accounts go more negative  as we near FOMC.   ;)


Regards,
HumbleTrader

Hello, Walter.

Reviewing yesterday's losses, what I would like to see in any improvements you make are:

1- Instead of the EA placing three trades at once, to place 1/3 at the expected entry point and the remaining two entries, long/short every so many pips, depending if the entry was missed. For instance yesterday, the entry was made prematurely where the EUR continued to climb and then finally take a dive. By that time a basket or two placed by the EA had been closed at a loss.

2- % Risk should be what it says; you cannot expect a trader to plan on a 2-3% risk and suddenly find themselves risking 3-5 times that, when multiple patterns emerge. 

Once again, I am impressed how Harmonics can "predict" the future but we need to exploit this area of mathematics to make some green pips.  ;)


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Online primi

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Re: Harmonics Trader EA
« Reply #1574 on: February 21, 2019, 01:56:59 PM »
Re point (1)
those 3 trades are actually one trade only broken down so that they can be easily partially closed and managed with their own appropriate trailing stops, isn't that so? If you spread the entries around then you're getting into grid basket territory which is not immediately a bad thing but Harmonics targets are usually quite big compared to stops so not sure how much we can gain by placing trades a couple of pips further apart compared to potentially missing entries altogether with 2/3 of the intended position? Entry accuracy would have to be looked into obviously, if entries are accurate enough then the risk of missing out could be much greater than the potential gain.

 

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