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Author Topic: Harmonics Trader EA  (Read 299197 times)

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1575 on: February 21, 2019, 03:07:06 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.
Amen to that 👍

About Humble Tr's point 2: % Risk IS what it says --> 2% Risk per Pattern.
Really, the best and easiest way to reduce risk is to lower your account leverage to about 1:30.
That way it almost never trades a second pattern or at least lowers its lot size drastically.
(I used to have an account with leverage of only 1:30, so I know)

I always listen to suggestions and if they are an improvement I go for it.
But won't switch back and forward between things I have tried in the past (since 2012!)
Plus, I can't possibly please everybody at once 😕
Anyway, thank you all for your input!
Walter
http://waltsoft.be

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



Offline Fastrack Forex

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Re: Harmonics Trader EA
« Reply #1576 on: May 21, 2019, 04:39:28 PM »
Anyone using this? It has been very quiet. I am trading the EU pair.

Offline Fastrack Forex

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Re: Harmonics Trader EA
« Reply #1577 on: June 29, 2019, 02:46:58 AM »
Anyone keen to buy my licence? I keen to sell at 50% discount.

Offline primi

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Re: Harmonics Trader EA
« Reply #1578 on: July 12, 2019, 02:30:52 PM »
Walter, what's up with your FPT ULT account? It's not updating anymore.

Offline Walter_HT

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Re: Harmonics Trader EA
« Reply #1579 on: July 12, 2019, 05:52:13 PM »
Changed broker.  Now just waiting to have some trades on the new account before showing it  ;)
Walter
http://waltsoft.be

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



Offline primi

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Re: Harmonics Trader EA
« Reply #1580 on: July 12, 2019, 07:21:22 PM »
There should be a trio of EURUSD longs currently at about open price me thinks  ;)

Offline taru

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Re: Harmonics Trader EA
« Reply #1581 on: Yesterday at 07:07:23 PM »
After running FPT Ultimate v.4.5.3 on demo for over a year during which time it traded more than four hundred times on all three pairs, it is clear the strategy is not working. I'm, therefore terminating the forward test.

The accumulated trading history will remain available at http://www.myfxbook.com/members/taru/fpt-ultimate-v453/2768319 for analysis.

Offline petersurrey

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Re: Harmonics Trader EA
« Reply #1582 on: Today at 03:56:35 AM »
After running FPT Ultimate v.4.5.3 on demo for over a year during which time it traded more than four hundred times on all three pairs, it is clear the strategy is not working. I'm, therefore terminating the forward test.

The accumulated trading history will remain available at http://www.myfxbook.com/members/taru/fpt-ultimate-v453/2768319 for analysis.

Thanks for the update and a real shame this didn't work out after all the work Walter has put in..

 

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