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HarmonicsTrader (By forex_trader_110562)
The user has deleted this system.
HarmonicsTrader Discussion
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 05, 2015 at 11:34
Hello Rustan, it's been a while.
These are default settings.
These are default settings.
May 13, 2015 at 13:45
walter
is there something new from this EA ? new filter? adjusted filters ? indicators?
thats why its hitting the right patterns already?
or are we just experiencing "good season" in EURUSD?
this is the highest Gain so far with HT EA :)))
is there something new from this EA ? new filter? adjusted filters ? indicators?
thats why its hitting the right patterns already?
or are we just experiencing "good season" in EURUSD?
this is the highest Gain so far with HT EA :)))
Plan your trades and trade your plans.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 13, 2015 at 23:49
(edited May 13, 2015 at 23:50)
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 14, 2015 at 19:32
Yep, just drag and drop and then enter your serial number (license)
May 15, 2015 at 14:15
Walter
i need a professional advice on moneymanagement in HT..
can you look on my screenshot and see if the moneymanagement is OK? or risk is kinda High??
i just want a low risk settings..
below 15% drawdown
pls advice thanks!
i need a professional advice on moneymanagement in HT..
can you look on my screenshot and see if the moneymanagement is OK? or risk is kinda High??
i just want a low risk settings..
below 15% drawdown
pls advice thanks!
Attachments:
Plan your trades and trade your plans.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 15, 2015 at 17:28
Hi Rustan,
Your setting is the default setting.
It is the progressive lot size, the more money in the account the higher the lot size will be.
2% is acceptable.
The downside of this setting is if there is a pattern with a very big PRZ then the SL will also be at big distance and the possible DD would be big as well.
If you want to be sure that your DD is never more than 15% then you would be better with the 3rd option "Risk".
It is also a progressive lot size but you control the DD.
The downside of this setting is that if you have a very small PRZ then the SL will be at a very short distance as well and it can be hit more easily and you lose 15%.
With an account size as you have it would perhaps be better to go for the 3rd option "Risk".
Run it in the Strategy Tester and you will see that the money curve will be much smoother.
Bottom line is that it all depends on your trading style, I mean the Risk you are willing to take, that's all up to you.
Btw, is that a real money account?
Again a nice profit today.
You may want to play it save and close the trades before the WE.
There is also a setting to do that automatically for you: "CloseBeforeMarketClose" and "TimeCloseBeforeMarketClose".
Many Green pips,
Walter
http://harmonicstrader.com/
Your setting is the default setting.
It is the progressive lot size, the more money in the account the higher the lot size will be.
2% is acceptable.
The downside of this setting is if there is a pattern with a very big PRZ then the SL will also be at big distance and the possible DD would be big as well.
If you want to be sure that your DD is never more than 15% then you would be better with the 3rd option "Risk".
It is also a progressive lot size but you control the DD.
The downside of this setting is that if you have a very small PRZ then the SL will be at a very short distance as well and it can be hit more easily and you lose 15%.
With an account size as you have it would perhaps be better to go for the 3rd option "Risk".
Run it in the Strategy Tester and you will see that the money curve will be much smoother.
Bottom line is that it all depends on your trading style, I mean the Risk you are willing to take, that's all up to you.
Btw, is that a real money account?
Again a nice profit today.
You may want to play it save and close the trades before the WE.
There is also a setting to do that automatically for you: "CloseBeforeMarketClose" and "TimeCloseBeforeMarketClose".
Many Green pips,
Walter
http://harmonicstrader.com/
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 16, 2015 at 10:29
You can set that to "true" to set the hard SL = soft SL.
Soft SL: hourly candle must close beyond to close the position.
Hard SL: well, that's a real SL and the position will close at the touch ;)
Again, that's up to you.
Soft SL: hourly candle must close beyond to close the position.
Hard SL: well, that's a real SL and the position will close at the touch ;)
Again, that's up to you.
May 16, 2015 at 10:42
ok ill take ur advise.. IMO softSL is the applicable SL for todays market condition. in the ancients days of forex like 3-4 years ago the market respects the Supply and demand levels but NOW Banks control s the market to go beyond thes levels to hit all the SL's of the newbies following the Suppdem stragies before it goes back. this is one of the reason some my students and other forex traders i encounter got burned out and think s they will ever succeed in forex hehe
yes sir its live
Walter_HT posted:
Btw, is that a real money account?
yes sir its live
Plan your trades and trade your plans.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 16, 2015 at 11:42
Makes a lot of sense to me.
But HarmonicsTrader puts his SL a number of pips above/below the PRZ so has nothing to do with supp/dem:
see User Guide page 3
----quote----
SoftStopLossAddPoints
Points (10 points is 1 pip) added to bottom (bullish pattern) or top (bearish pattern) of PRZ to place Soft Stop Loss. If the hourly bar closes past this Soft SL, the positions will be closed.
A little red horizontal bar will be drawn at that point.
----unquote-----
But HarmonicsTrader puts his SL a number of pips above/below the PRZ so has nothing to do with supp/dem:
see User Guide page 3
----quote----
SoftStopLossAddPoints
Points (10 points is 1 pip) added to bottom (bullish pattern) or top (bearish pattern) of PRZ to place Soft Stop Loss. If the hourly bar closes past this Soft SL, the positions will be closed.
A little red horizontal bar will be drawn at that point.
----unquote-----
May 16, 2015 at 12:20
Walter_HT posted:
But HarmonicsTrader puts his SL a number of pips above/below the PRZ so has nothing to do with supp/dem:
is the HT EA still use the Suppdem filter? i remember the early version has a setting the only trade patterns if its in the suppdem zone /level . right?
btw do you have a backtest of this new version? i want to see the complete results.
thanks
Plan your trades and trade your plans.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 16, 2015 at 16:20
There is a Support & Resistance Filter but it is turned off by default, see setting "ModeSuppResFilter"
I implemented this filter on request of a customer and it is not been back-tested for results or optimization.
For back test results see:
http://harmonicstrader.com/#performance
I didn't save the detailed report but you can easily do a back test yourself.
If you want a very detailed report then set "Log" = "true"
Every trade will be logged and statistics will be generated at the end of every session. The main purpose is to analyse results after a Strategy Tester run.
The generated log files are saved in YourMT4Platform/tester/files when the Strategy Tester is used
or YourMT4Platform/MQL4/files when used on a demo or live account.
I implemented this filter on request of a customer and it is not been back-tested for results or optimization.
For back test results see:
http://harmonicstrader.com/#performance
I didn't save the detailed report but you can easily do a back test yourself.
If you want a very detailed report then set "Log" = "true"
Every trade will be logged and statistics will be generated at the end of every session. The main purpose is to analyse results after a Strategy Tester run.
The generated log files are saved in YourMT4Platform/tester/files when the Strategy Tester is used
or YourMT4Platform/MQL4/files when used on a demo or live account.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
May 18, 2015 at 01:43
(edited May 18, 2015 at 01:48)
That would be 2% total Risk for the 3 trades together.
From page 5 of User Guide:
Risk
Risk % of account equity per found Pattern (distance from opened positions to Soft SL).
So the Lot Size is inversely proportional to the size of the PRZ.
This is very convenient to reduce the risk in case of a pattern with a very big PRZ.
Risk can be approximate or strict according to the next setting “StrictRisk”.
Normally HT opens 3 positions / pattern. If with the minimum Lot size the risk is still too big then HT will reduce the number of positions to comply with the Risk setting.
From page 5 of User Guide:
Risk
Risk % of account equity per found Pattern (distance from opened positions to Soft SL).
So the Lot Size is inversely proportional to the size of the PRZ.
This is very convenient to reduce the risk in case of a pattern with a very big PRZ.
Risk can be approximate or strict according to the next setting “StrictRisk”.
Normally HT opens 3 positions / pattern. If with the minimum Lot size the risk is still too big then HT will reduce the number of positions to comply with the Risk setting.
forex_trader_110562
Member Since Feb 04, 2013
106 posts
Jun 03, 2015 at 08:32
Looks to me that you are using the 3rd money management setting "Risk".
Then the Hard SL must be = Soft SL if using the "StrictRisk" = true
If the user doesn't do this then the EA will do it for him and he gets this Alert to tell him what is going on.
So just follow the instructions in the Alert to avoid future alerts.
More info on page 5 of the User Guide.
And like it says: EA is working so don't worry ;)
Then the Hard SL must be = Soft SL if using the "StrictRisk" = true
If the user doesn't do this then the EA will do it for him and he gets this Alert to tell him what is going on.
So just follow the instructions in the Alert to avoid future alerts.
More info on page 5 of the User Guide.
And like it says: EA is working so don't worry ;)
forex_trader_110562
Member Since Feb 04, 2013
106 posts
Aug 22, 2015 at 18:03
Thanks Stan 😎
