Harmonic Pattern Plus MT4
98 USD
Demo downloaded:
11 424
Published:
23 May 2014
Current version:
11.3
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I have seen some traders drawing harmonic patterns manually on their MetaTrader Chart. They tended to do make good profits out of their techniques which was impressive enough to me.
However it takes long time and it is painful task.
Now you have harmonic pattern plus software to automatically scan 9 different harmonic patterns in less than 1 seconds.
You can attach this Harmonic pattern plus software to 30 different charts and you will get notified when the tradable and profitable time comes by emails and by sound alerts.
Using Harmonic Pattern Plus software is very easy due to its full automatic features.
You have the automatic harmonic pattern recognition function, automatic Fibonacci retracement level drawing function, automatic channel drawing function and automatic candlestick pattern recognition function in one software.
It is a very serous investment tool kits for serious investors.
I have seen some traders drawing harmonic patterns manually on their MetaTrader Chart. They tended to do make good profits out of their techniques which was impressive enough to me.
However it takes long time and it is painful task.
Now you have harmonic pattern plus software to automatically scan 9 different harmonic patterns in less than 1 seconds.
You can attach this Harmonic pattern plus software to 30 different charts and you will get notified when the tradable and profitable time comes by emails and by sound alerts.
Using Harmonic Pattern Plus software is very easy due to its full automatic features.
You have the automatic harmonic pattern recognition function, automatic Fibonacci retracement level drawing function, automatic channel drawing function and automatic candlestick pattern recognition function in one software.
It is a very serous investment tool kits for serious investors.
Hello People
Here is the Harmonic Pattern Plus for Meta Trader 5 version.
https://www.mql5.com/en/market/product/4475
Hi,
does MT5 version more reliable and gives better signals than MT4 version because of candlestick pattern recognition or is it the same? :) how accurate are signals in MT4 version and how do you know the exit time? What would be the SL and TP values on 15 min and 1 HR time frames, where do u put them? Thanks.
Hi,
does MT5 version more reliable and gives better signals than MT4 version because of candlestick pattern recognition or is it the same? :) how accurate are signals in MT4 version and how do you know the exit time? What would be the SL and TP values on 15 min and 1 HR time frames, where do u put them? Thanks.
Hello tradesafenow
Thanks for interest in the Harmonic pattern plus. The priority signal for trading is like this: Harmonic pattern > candlestick pattern. Candlestick is more to gauge market mood. Harmonic pattern is more accurate.
Automatic Fibonacci retracement and automatic channel is for stop loss and take prfoit purpose (also to watch out break out level).
With harmonic pattern plus you have 3 point of entry,
Entry point 1, when pattern is formed. Quick profit. Must have stop loss at this entry plus oscillator indicator must confirm. ----> your Exit here is take profit.
Entry point 2, after pattern is formed, use moving average cross over. Use two moving avearge cross over. ----> your exit here is take profit.
Entry point 3, after pattern is formed, solid trend has been formed. Momentum strategy and grid strategy and swing trading etc can be applied at this point. ----> Your exit here is depending on your strategy.
If you get profits for Entry point 1, 2 and 3, it will be your day. With the careful trading preparation, this is quite possible. More importantly this is an art of the trading. You will like it.
Tips on how to use the harmonic patterns:
1. Trade with medium to large size harmonic pattern (look at the count of bars on charts. Harmonic pattern plus will display the size of harmonic pattern automatically.).
2. Save template with the Harmonic pattern Plus with few moving averages (two or three) and your other favourte oscillators.
3. Attach the Harmonic Pattern plus to many different charts and look for the best signals (i.e. load the template you made in step 2 to each chart. ).
4. Set email notificaiton in your terminal if you are part time trader. It is even useful for full time trader too. Harmonic pattern plus will send you an email immediately after the harmonic pattern is formed.
Harmonic trading style is one of the rare trading style proving you an opportunity with small risk to high reward ratio.
With the Harmonic Pattern Plus you have all the vital information to make your trading decision.
Definteily recommend it to serious traders and investors as well as beginers who want to learn the art of the Forex trading.
Finally, MetaTrader 4 version is identical to MetaTrader 5 version except no candlestick pattern. So the accuracy and reliability is the same for both version.
Kind regards.
FinanceEngineer.
Thanks a lot for well done details, so what is the best time frame I can use for intraday trading?
Harmonic Pattern is effective for all time frame. However I personally recommend hourly, 4 hourly and daily.
Remember that larger the patterns, it is easier to trade. Harmonic pattern plus will tell you the size of pattern so you can immediately decide to trade with this pattern or not to trade with this pattern.
If you attach Harmonic Pattern to over 30 different charts and wait for the signals, then you will get at least 5 to 6 signals a day. You can apply them to Gold and Silver and Oils.
Remember that Harmoninc pattern trading is already estabilished trading techique used by many professional traders. Its reliability and profitability discussed in many website. just simply google "harmonic pattern".
I wish all my customers make a good profit out of my producuts. I am sure they will. :)
Kind regards.
Harmonic Pattern is effective for all time frame. However I personally recommend hourly, 4 hourly and daily.
Remember that larger the patterns, it is easier to trade. Harmonic pattern plus will tell you the size of pattern so you can immediately decide to trade with this pattern or not to trade with this pattern.
If you attach Harmonic Pattern to over 30 different charts and wait for the signals, then you will get at least 5 to 6 signals a day. You can apply them to Gold and Silver and Oils.
Remember that Harmoninc pattern trading is already estabilished trading techique used by many professional traders. Its reliability and profitability discussed in many website. just simply google "harmonic pattern".
I wish all my customers make a good profit out of my producuts. I am sure they will. :)
Kind regards.
Thanks....forgive my ignorance but what makes your product stand out from rest? There are tons of Harmonic Pattern indicators and softwares out there....you know, I always get the feeling that as soon as a pattern develops big traders know it already and they start to sell or buy against pattern traders until stop them all and then bang, they do what a pattern suggests after....this is a problem here....
Hello sir
No problem answering your questions. :) I have been studying this type of trading style for many years as well as other advanced techniques. :).
My indicator is very simple to use. No tones of lines to confuse traders. Many features are automatic even including drawing Fibonacci retracement as well as automatic regression channel.
Another advantage of Harmonic Pattern Plus is not only to detect one latest pattern but also detect many patterns found over historical data.
To do this, the indicator will go through all the high and low peaks to match patterns starting from the latest bar and the found patterns will be saved in memory.
Then the indicators will go through all the high and low peaks again starting from the second latest bar again and the found patterns will be saved in memory.
This will continue over more than 1000 bars and indicator will found literally more than 100 harmonic patterns and save them in the memory.
What is happening next is important, the indicator will compare all found patterns in terms of their significant rating and it will disregard all insignificant patterns.
Tell you one thing personally, for moving average indicators, it does not matter who write the indictors, you will get the same results. For harmonic pattern, the story is little different, you will get very different results depending on who write the software.
In another way, your profitability will be very much depending on the skill of software developer.
Search algorithm must be based the sound principle and statistical theory not to miss right patterns but also not to include wrong pattern.
I will answer to your second question. I mentioned about three entries before right? Among those, first entry is based on mean reversion trading technique and second and third entry is based on trend trading. Now I will Just give you quick answer, you need twice more cares when you trade mean reversion trading (first entry). That is because you are placing your position against current established trend in a prediction or an expectation on trend will be changed and there is no established stop loss at this timing. You bang is right here.
With well trained hands, first entry can be seen as an golden opportunity but with untrained hand, first entry will be nightmare as you described. The point here is that you need to learn on how to use mean reversion trading techniques for first entry. However second and third entry will be very interesting even for beginners. :) :)
I hope this is catchy for you. :)
Kind regards.
Hello sir
No problem answering your questions. :) I have been studying this type of trading style for many years as well as other advanced techniques. :).
My indicator is very simple to use. No tones of lines to confuse traders. Many features are automatic even including drawing Fibonacci retracement as well as automatic regression channel.
Another advantage of Harmonic Pattern Plus is not only to detect one latest pattern but also detect many patterns found over historical data.
To do this, the indicator will go through all the high and low peaks to match patterns starting from the latest bar and the found patterns will be saved in memory.
Then the indicators will go through all the high and low peaks again starting from the second latest bar again and the found patterns will be saved in memory.
This will continue over more than 1000 bars and indicator will found literally more than 100 harmonic patterns and save them in the memory.
What is happening next is important, the indicator will compare all found patterns in terms of their significant rating and it will disregard all insignificant patterns.
Tell you one thing personally, for moving average indicators, it does not matter who write the indictors, you will get the same results. For harmonic pattern, the story is little different, you will get very different results depending on who write the software.
In another way, your profitability will be very much depending on the skill of software developer.
Search algorithm must be based the sound principle and statistical theory not to miss right patterns but also not to include wrong pattern.
I will answer to your second question. I mentioned about three entries before right? Among those, first entry is based on mean reversion trading technique and second and third entry is based on trend trading. Now I will Just give you quick answer, you need twice more cares when you trade mean reversion trading (first entry). That is because you are placing your position against current established trend in a prediction or an expectation on trend will be changed and there is no established stop loss at this timing. You bang is right here.
With well trained hands, first entry can be seen as an golden opportunity but with untrained hand, first entry will be nightmare as you described. The point here is that you need to learn on how to use mean reversion trading techniques for first entry. However second and third entry will be very interesting even for beginners. :) :)
I hope this is catchy for you. :)
Kind regards.
Awesome :) thanks for info, it makes sense this way, glad that you explain :) looking forward to get your system...thanks again...
No problem at all Sir. I am here to support my customers.
If you need any thing in relation to this product just write here or send me private message.
If my customers win, then I win too. :)
Kind regards.
Really good break out on EURJPY with Shark Pattern on H1 time frame (This was also confirmed by Butterfly patter on H4 time frame and Daily time frame).
The breakout was counting from Yesterday. After waiting one day, finanlly the price reached to 61.8% retracement. Entry 1 and 2 would have been successful.
Below pics are educational purpose to teach how to use this Harmonic Pattern Plus software.
Kind regards.
Dear MQL5 Users
Finally I have got Introduction Tutorial Video Clip for Harmonic Pattern Plus Software. Please use High Defintion quality for clearer visual demonation with sound on.
In this video clip I introduced you followings:
1. how to load Harmonic Pattern Plus software on your chart
2. how to switch off or switch on automatic Fibonacci Retracement level
3. how to switch off or switch on automatic channel
4. how to switch off or swtich on automatic candlestick pattern
5. how to diplay just one latest harmonic pattern found or how to display all the harmonic patterns found using "Max Number of Patterns to display" variable
6. how to lay out common technical indicators together with harmonic pattern plus and then save them as a template for the later use. (Once template is saved, you can load harmonic pattern plus with your favouriate indicators in less than 1 seconds for 30 different charts.)
I hope you enjoyed this tutorial. Use of Harmonic Pattern Plus software is as easy as ABCD even for begineers.
Plus for MT4 users, only difference between MT5 and MT4 version of Harmonic Pattern Plus software is having a candlestick pattern or not. Rest of the functions are identical.
Kind regards.
Dear MetaTrader 4 Users.
Very good news, I have added Candlestick Pattern recognition function in the Latest Harmonic Pattern Plus MT4 version.
Therefore, now Harmonic Pattern Plus Meta Trader 5 Version and Meta Trader 4 Version are identical.
Now you can switch on candlestick pattern along with Harmonic pattern to make more accurate decision making even with your Meta Trader 4 terminal.
Screenshot was taken from Harmonic Pattern Plus Version 2.0 for MT 4 on USDCHF H1 time frame in Meta Trader 4 terminal.
The screenshot shows "Three outside up" bullish candle pattern, "Engulfing" bullish candle pattern and "Harami" bullish candle pattern detected from USDCHF chart (Note that here I switched off harmonic pattern as I wanted show candlestick pattern more clearly).
Now Harmonic Pattern Plus MT 4 version became more comprehensive including candlestick, harmonic pattern and automatic channel. At anytime, you can include standard technical indicator to strengthen your decision.
Enjoy this all in one harmonic pattern indicators with your Meta Trader 4 terminal too.
Kind regards.
Below is the list of Candlestick Pattern Recognizable with Harmonic Pattern Plus Software (The list is identical for both Meta Trader 4 and Meta Trader 5 Version).
Dear MQL5 Users
I have created private webpage dedicated on Harmonic Pattern Plus. Join the webpage forum to discuss anything related to Harmonic Pattern and Fibonacci Trading styles. You will also get support on Harmonic Pattern Plus on this web site too.
Absolutely free of change and Enjoy.
http://harmonicpattern.ucoz.co.uk/
Kind regards.
How to trade with Harmonic Pattern Plus Software
By far, Harmonic Pattern recognition software is one of the most difficult indicator to develop in comparison to other technical indicators. The very early version of the Harmonic Pattern Plus software was developed as early as 2007. Since then, the harmonic pattern Plus software gone through many updates within its core pattern search algorithm. The Harmonic Pattern Plus software can detect most of known Harmonic patterns discussed by many professional traders and currently 9 different harmonic patterns can be detected using Harmonic Pattern Plus software. These 9 different harmonic patterns were selected by author as they tend to outperform other patterns, as well as they have longer history than other patterns. The 9 harmonic patterns are:
Here I also provide picture of each harmonic pattern and their trading direction. With the Harmonic Pattern Plus Software, you will naturally know which direction you need to trade when the new harmonic pattern is formed as bullish and bearish patterns are in different color. As a default bullish pattern will be colored in blue and bearish pattern will be colored in dark pink. You can always change this color with Harmonic Pattern Plus in its property setting window.
In addition, the Harmonic Pattern Plus software can detect candlestick patterns too. This additional feature is useful as the trade can make more accurate decision combining harmonic pattern with candlestick pattern together. Below is the list of Candlestick Pattern Recognizable with Harmonic Pattern Plus Software (The list is identical for both Meta Trader 4 and Meta Trader 5 Version). I also provide the picture for each pattern for the trader's reference. As with the Harmonic pattern, the bullish and bearish candlestick pattern is in different color. As a default bullish pattern will be colored in blue and bearish pattern will be colored in dark pink. You can always change this color with Harmonic Pattern Plus in its property setting window.
Bullish Candlestick Reference
Bearish Candlestick Reference
More information on Harmonic Pattern Plus Software can be found on this website.
http://harmonicpattern.ucoz.co.uk/
Kind regards.
What to watch out when you trade with harmonic pattern (Beginners must read)
Beginners in harmonic pattern trading tend to make many mistakes because they don't understand the nature of Harmonic Pattern Trading. I mentioned three entry points before. The most frequent mistakes the beginners tend to make is at entry 1 (Please read main page if you don't understand entry 1). As I mentioned before, the trade at entry 1 is twice more difficult decision as its nature is close to mean reversion trading. Now to avoid the mistake at entry 1, the trader have to think about why the birth of new trend might be probable at this point. You have two dimension to check, firstly fundamental and secondly technical. Both are fine and no other is superior to another. Here I will only describe in terms of technical. (For fundamental analysis, there is no fast rule to learn that. You have to start it with the question what drives the currency pairs.) To avoid the mistake, the trader need to watch different time frame. For example, if you see bearish Butterfly pattern at H1 time frame and you make a sell decision on the currency then this is very wrong. The reason for this is that you might have bullish harmonic pattern formed in H4 time frame or D1 time frame. Therefore the currency might be bullish in overall and only bearish temporariliy. Another thing you need to watch out is highly correlated pairs because those correlated pairs tend to move together. Quite often the same direction of harmonic patterns tends to form at the same time. But not necessarily, sometimes, only one harmonic pattern will apear on one currency and no harmonic pattern can be found on the other currency. It is safer to make the decision if you see harmonic patterns at both correlated currency pairs. Of course, I know some well trained traders can do this all manually. However, 9 out 10, I will probably recommend a quick automatic scanning software because they are a way faster. The way you trade with Harmonic Pattern Plus is simple. Attach harmonic pattern Plus software to H1, H4 and D1 chart of the currency pairs, always trade with larger harmonic patterns. Remember that more confirmation you get from your chart, more success rate you will get. Also get habit of scanning at least 12 major (popular) pairs and more is better. This is very easy things to do with Harmonic Pattern Plus software as they can scan 40, 50 different charts in less than 1 second and you will get the most vital inforamtion on your hand without hassles and pains.
Dear Customer
After you have purchased, please contact me. There is some useful information I want to provide to my paid customers. The information will be useful definitely toward your trading and developing your trading strategy.
So if you have purchased this Harmonic Pattern Plus Software, then please contact me for this useful piece of information. Of course, if you are a good seasoned trader and you are happy with your current trading. Then you don't have to contact me.
Thanks for your interest and support on my Harmonic Pattern Plus Software.
Plus always more info here: http://harmonicpattern.ucoz.co.uk
Kind regards.