- June 6, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Harmonic Patterns Forex EA Review :
Harmonic Patterns Forex EA For gold in a specific time window Time limit: is 5 minutes With a huge number of signals and a high degree of precision, there is a TP and an SL.
With a low DD value and a very low risk, this is a great option.
Without employing risky tactics like martingales and hedges,
| Symbol | Only Gold (XAU USD) |
| Timeframes | M5 |
| Minimum Deposit | Minimum tested capital: 200$ |
| Brokers | Any broker |
| Leverage | 50 and above tested |
Best Brokers List
The Harmonic Patterns Forex EA works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
Harmonic Patterns Forex EA Settings
This Harmonic Patterns Forex EA characteristics include:
a large number of professions
There's a TP and an SL buried within.
It has a lot of options.
Without using high-risk transactions like martingales and hedges,
It's possible to use it as a gold sign.
It's possible to use it in a 5-minute span (with many patterns and signals)
High Success Rate
Tested by the world's most recognized brokers
These Harmonic Patterns Forex EA tp and sl have been concealed.
features a variety of stop-loss and take-profit levels
(SL=TP) R/R = 1
Magic Number:
These options allow you to employ many experts at the same time.
Magic numbers are extremely handy when trading the same currency pair over different periods. For example, you could want to utilize two EAs: one that monitors the EUR/USD on a one-hour screen and another that monitors the same pair on a 15-minute timeframe. So, while one EA follows the trend, the other scalps. Imagine a single EA attempting to follow a single deal over many time windows. You wouldn't do it to a buddy, yet in forex, an experienced adviser is your closest friend.
As a result, you may wish to manage deals differently for each timeline if you're trading over many timelines. This implies that in addition to the standard take profit and stop-loss exits, you may wish to use a channel stop for one trade and a trailing stop for the other. In such cases, attempting to identify transactions just based on the currency pair, such as the EUR/USD in the example above, will result in chaos, as the currency pair is the same across all deals.
Magic numbers come to the rescue in this situation. When a transaction is first opened, it is given a distinct number. The Harmonic Patterns Forex EA now keep track of deals using their magic numbers, which makes the process much easier.
Percentage of Risk:
Here you may enter the risk percentage. By default, the Harmonic Patterns Forex EA takes a 3% risk on each transaction. This means that whether you earn a profit or a loss on each trade, 3 percent of your money will rise or fall.
This figure is calculated using your city's capital. If your capital is $1,000 and these parameters are set at 3, the Harmonic Patterns Forex EA will earn or lose $ 30 every transaction.
The greater this number, the greater the chance of a Drawdown. It's advisable not to take too many chances while utilizing this Harmonic Patterns Forex EA and determining the ideal settings early on. The best risk is between 1 and 5%.
Break even enable:
If you wish to use the breakeven settings, enable this section.
Let's say your trade is presently open with a profit of more than 500 points, and you wish to stop it if the reversal and trading process is losing money. To do so, turn on these options. That is, the loss limit must be equal to the trade's initial price. If the trend returns in this scenario, you will not lose money and the transaction will be concluded with a profit of 0 points and a loss of 0 points.
Break even point:
The Harmonic Patterns Forex EA sets the loss limit equal to the Harmonic Patterns Forex EA opening price after obtaining this level of profit (based on the points).
We learned what these parameters are in the previous section. Now we must configure these settings to trigger when a few points of profit have been earned. When the Harmonic Patterns Forex EA reaches 450 points of profit in default mode, these parameters are activated. That is, the expert equates the amount of the loss limit with the beginning price of the identical transaction after 450 points of profit.
Stop loss trailing enable:
Enable this area if you wish to utilize the stop loss trailing settings.
A trailing stop is a type of stop order that can be issued at a percentage or dollar amount distant from the current market price of a security. A trailing stop loss is set below the current market price for a long position. The trailing stop for a short trade is set above the current market price.
A trailing stop is a type of stop-loss order that allows a transaction to stay open and profit as long as the price is going in the investor's favor. If the price changes direction by a defined percentage or dollar amount, the order terminates the deal.
Stop Loss Trailing Start:
The stop loss trailing settings are activated whenever this amount of profit (depending on the point) has been reached.
If this amount is set to 500, for example, these parameters will be triggered after the trade has reached 500 points.
Stop Loss Trailing Step:
After you've activated these options, the amount of your floating loss limit has increased.
If this value is set to 200, for example, after activating these settings, your loss limit will be set to 200 points, and the price distance from your loss limit will not exceed 200 points, and anytime the price grows, its distance from your loss limit will increase as well. The loss level is slowly slipping 200 points behind the price.
Max Spread point:
Set the maximum amount of spreads in this area so that the expert will not trade if your broker has higher spreads (the lower spread, is better)
The number of spreads in your broker may grow for any cause. If the expert wishes to trade in this situation, you may lose a few points. As a result, it is preferable to specify a spread setting such that the expert will not trade if the spread value is large and will trade when the spread value lowers.
You may set this quantity up to 100 points in the daily time frame and when the amount of profit and loss limitations is significant, but we recommend lowering it.
Alarm show Alert:
When the expert trades, you'll get an alert on the chart if you enable these parameters.
The notifications are meant to provide information about market happenings. After creating alerts, you may turn off the monitor because the client terminal will automatically notify you of any server events.
Alarm show Notification:
If you activate these options, an alert will be sent to your phone when the expert trades.
On the Metatrader Platform, there's a handy tool called "alerts" for desktop or "push notifications" for mobile that allows you to get notified when a market you're following hits a certain level.
Activate trade time:
Trading can be enabled or disabled at specific periods.
You may control whether or not the expert trades at specific periods of the day using these options.
Enable this area and select the time in the following settings to use these options.
This option is turned off by default. That is, the expert trades all day long (24 Hours)
In the back test, these settings might not function.
Trading Start time:
When do you want to start expert trading?
Please keep in mind that this timing is depending on your broker's time. Set the time (in hours) for the expert to begin trading.
This value is 0 in the normal settings. That is, the expert trades begin trading at the start of the day.
Trading End time:
When do you want expert trading to stop?
Please keep in mind that this timing is depending on your broker's time. Set the time (in hours) for the expert to stop trading.
This value is equivalent to 24 in the usual settings. That is the professional trades into the wee hours of the morning.
Time Hour Close all trades on Friday:
Set the Harmonic Patterns Forex EA deactivation time for the end of Friday night.
This value is equivalent to 19 in the event of default. This implies that Expert shuts all deals at 19:00 and does not open another until Monday. Please keep in mind that this timing is depending on your broker's time.
You can input any number between 0 and 24.
The Harmonic Patterns Forex EA will not trade on Friday if you enter 0. The expert will trade till the end of Friday night if you enter the number 24.
Numbers to enter: A number between 18 and 22 is recommended.
Long Trade:
The expert will not trade "Buy" if these parameters are disabled.
In Forex trading, "long" trading indicates "buy." In defaults, Harmonic Patterns Forex EA make both "Buy" and "Sell" deals. If you wish to deactivate "Buy" trades, use these options.
Short Trade:
The expert will not trade "Sell" if these parameters are disabled.
In Forex trading, "short" trading indicates "sell." In defaults, experts do both "Sell" and "Buy" deals. If you wish to disable "Sell" deals, apply these settings.
Manual Lot:
Write the value of the lot here if you wish to figure it out yourself.
If the preceding part's options have been activated, you can enter your chosen "Lot" in this area.
0.01 is the smallest number you may input.
If the number entered is less than 0.01, the expert will set it to 0.01 automatically.
The maximum "Lot" that your broker will allow is the number you can input.
Your broker will not enable you to trade if the number submitted is larger than the maximum value.
Comment for expert:
There is a remark for each exchange. You may define the remarks of this Harmonic Patterns Forex EA transactions using these parameters.
This comment may be seen in your MetaTrader trading history.
Take Profit:
You can change the TP value on your own. (On the basis of points)
Each trade's TP is distinct in this expert.
Stop Loss:
You can change the SL value on your own. (On the basis of points)
Each trade's SL is distinct in this Harmonic Patterns Forex EA .
Hidden SL & TP:
Brokers will not be able to view your profit and loss limitations if you enable these options.
Brokers may modify prices to the detriment of customers who employ an expert if the number of people who use that expert is considerable. By activating these settings, brokers are unable to calculate the amount of the loss limit and, as a consequence, traders are not harmed.
Maximum Daily trade:
Determine the maximum number of trades the Harmonic Patterns Forex EA may make each day.
Harmonic Patterns Forex EA Results
This expert's methodology
Harmonic Patterns Forex EA
We employ all other patterns in the market in addition to harmonic patterns.
Patterns that have been utilized in the previous few years, as well as the most recent patterns
A wonderful approach will be created by combining these patterns.
Important Note: As you may be aware, designs come in a variety of sizes. As a result, their sl and tp are different. As a result, this Harmonic Patterns Forex EA sl and tp are different.
The tp and sl of this Harmonic Patterns Forex EA have been withheld for security reasons.
How to collaborate with this professional
Simply said, this expert should be run.
The scenery is at its finest.
We've changed the deflation settings to the best of our ability for your convenience.
Download Harmonic Patterns Forex EA
We highly recommend trying the Harmonic Patterns Forex EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
Get Gold Harmonic 2.6 MT4
Password: 123456
