FPT ULT EU H1 Hantec (By Walter_HT)

The user has made his system private.

FPT ULT EU H1 Hantec Discussion

Apr 08, 2017 at 11:44
1,902 Views
41 Replies
Member Since Dec 04, 2010   1557 posts
Jun 14, 2017 at 05:14
great result so far. do you manually turn it off for big news events like French election or British election?
Member Since Feb 04, 2013   110 posts
Jun 14, 2017 at 09:17
Thanks.
Yes, for VERY BIG exceptional news events I turn it off.
So not for normal high importance news.
Member Since Dec 04, 2010   1557 posts
Jun 14, 2017 at 10:02
Walter_HT posted:
Thanks.
Yes, for VERY BIG exceptional news events I turn it off.
So not for normal high importance news.
okay thanks Walter for your response.
Member Since Dec 04, 2010   1557 posts
Jun 14, 2017 at 13:16
Th monthly return to max drawdown ratio is excellent so far. I look forward to following this new version over a longer time frame. cheers
Member Since Sep 29, 2016   264 posts
Jun 14, 2017 at 15:01
aeronthomas posted:
Th monthly return to max drawdown ratio is excellent so far. I look forward to following this new version over a longer time frame. cheers

Indeed that is a great ratio! This is a traders dream, nice trading!
ourmyfxbook@
Member Since Apr 21, 2013   272 posts
Jun 15, 2017 at 00:17 (edited Jun 15, 2017 at 00:17)
its interesting, i've been following for two weeks but it hasn't traded yet. You have to get used to it. But i would rather take 25% per month with <4% draw down over something that trades when it shouldn't
Member Since Feb 04, 2013   110 posts
Jun 15, 2017 at 00:37
I agree.
Harmonic Patterns don't appear all the time.
Patience is the key and then trade when the time is right.
It's trading right now. 😉
Equity up by 8.5% at the moment.
Waiting to see how it will turn out.
😄

Member Since Feb 04, 2013   110 posts
Jun 15, 2017 at 08:40
1st of 3 positions closed: +3.96%
2 & 3 still running: +7.5% so far.
😎
Member Since Jun 15, 2017   1 posts
Jun 16, 2017 at 06:26
EA会卖吗
Member Since Feb 04, 2013   110 posts
Jun 16, 2017 at 07:40
See my profile.
Member Since Feb 15, 2017   4 posts
Jun 18, 2017 at 06:55
Member Since Feb 04, 2013   110 posts
Jun 18, 2017 at 12:05 (edited Jun 18, 2017 at 12:09)
Hi Hetzner,

Only the first one was mine and it was with HotForex, but I was forced to close that account because their policy changed.
The second one was on the very first series, the old 2 series.
The other 3 are old third party accounts and on the very first series, the 2 series, so I have no control over that.

It is my intention to post results of live account for as long as possible.

Member Since Sep 03, 2016   31 posts
Jun 23, 2017 at 10:59
Does the account uses more than HT ULTIMATE 4.2.2? Because I see it opens more than 3 trades at the same time.
Member Since Feb 04, 2013   110 posts
Jun 23, 2017 at 11:21
Hi,
No, it does not.
But from your comment I can see that your account probably is trading only one pattern.
On this account there are currently two patterns being traded.
Finding a pattern or not can be a matter of 1 point difference in price feed between brokers.
Member Since Sep 03, 2016   31 posts
Jun 23, 2017 at 11:31 (edited Jun 23, 2017 at 11:34)
thanks.
Member Since Feb 04, 2013   110 posts
Jun 26, 2017 at 19:08
My pleasure 😉
Member Since Dec 04, 2010   1557 posts
Jul 06, 2017 at 09:24
Walter, it looks like the trades are in sets of 3, what is the maximum risk per trade you have it set on? The back test is showing drawdown as high as 34% for a monthly return on average of 17% per month over last 3 years. How does this compare with the previous version of the EA? I can't see a link now for performance of a backtest of the previous version to compare.

What improvements does this version have over the other?

Thanks
Member Since Sep 03, 2016   31 posts
Jul 06, 2017 at 12:27
Hi, I also want to ask do I need to close the trades manually?
Member Since Feb 04, 2013   110 posts
Jul 06, 2017 at 14:00 (edited Jul 06, 2017 at 14:08)
aeronthomas posted:
Walter, it looks like the trades are in sets of 3, what is the maximum risk per trade you have it set on? The back test is showing drawdown as high as 34% for a monthly return on average of 17% per month over last 3 years. How does this compare with the previous version of the EA? I can't see a link now for performance of a backtest of the previous version to compare.

What improvements does this version have over the other?

Thanks

Let me explain some of the differences and similarities between the latest version HT ULTIMATE (that's the 4 series)
and the previous series HarmonicsTrader v3.4.3 (that's the 3 series).

They both open 3 trades/pattern.

The 4 series works only on EU H1. (for now)
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 hard 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.

All this makes the HT ULTIMATE a little more accurate.

In the previous (3) series one could choose between Lots, Percent or Risk.
In this new version we use 'Percent', behind the scenes.
It is set to 5 percent of free margin is Lot size. (Only the Shark pattern uses 3.5%)
This was tested on an account with leverage of 100:1.
This lot size was chosen to keep the DD to a minimum when a pattern fails and hits the SL.
 
The EA automatically adjusts this percentage according to account leverage, meaning that if your account leverage is 200:1, which is twice as big as on the tested account, the lot size will be 5% * 100/200 = 2.5% of free margin, which gives us always the same lot size no matter what the account leverage is.

If you find that the lot size is too big or small for your likings , you can adjust it with the setting 'Lot Size Adjust', with a scale from -99% to +100%
So in short, the lot size increases as your account grows and you can control that.
 
But there is also a setting 'Max Permitted Lot Size' to cap the lot size.
You can set it to 0.01 lots if you like and that will be the max lot size it ever uses.
In the next update there will also be a setting to limit the actual Risk (%DD) per pattern traded.

I recommend that anyone who uses HT ULTIMATE, does a short test run in the Strategy Tester of the account he/she is going to let it trade on.
By doing this, you can see if the lot size is OK.

For even more detailed info, you can download, install and test in the strategy tester for free and for as long as you like, all series 2,3 and latest 4 series.
User Guides are placed on your desktop upon installation.
There are also FAQ on the web site.
Member Since Feb 04, 2013   110 posts
Jul 06, 2017 at 14:03
chnp posted:
Hi, I also want to ask do I need to close the trades manually?
No, that's what an EA is for, manage the trades for you. But you can if you like ;)
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