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HarmonicsTrader (By Walter )

The user has made his strategy private.

HarmonicsTrader Discussion

Rustan mallari (tankbeta)
May 16 2015 at 10:42
171 posts
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

Walter_HT posted:

Btw, is that a real money account?




yes sir its live

Plan your trades and trade your plans.
Walter (Walter_HT)
May 16 2015 at 11:42
110 posts
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-----



Rustan mallari (tankbeta)
May 16 2015 at 12:20
171 posts
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.
Walter (Walter_HT)
May 16 2015 at 16:20
110 posts
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:
https://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.

Rustan mallari (tankbeta)
May 18 2015 at 01:39
171 posts
walter

how does Risk Setting works?
if i set it at 2% Risk does it mean the 3 Trades will open at 2% each or all 3 Trades will be 2% in total?

Plan your trades and trade your plans.
Walter (Walter_HT)
May 18 2015 at 01:43
110 posts
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.

Rustan mallari (tankbeta)
Jun 03 2015 at 02:28
171 posts
Is this normal after setting the SoftSL

Attachments:


Plan your trades and trade your plans.
Walter (Walter_HT)
Jun 03 2015 at 08:32
110 posts
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 ;)

Rustan mallari (tankbeta)
Aug 22 2015 at 14:27
171 posts
8 months of bullish trading history = goodjob!😁

Plan your trades and trade your plans.
Walter (Walter_HT)
Aug 22 2015 at 18:03
110 posts
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