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Young Ho Seo  

 Harmonic Pattern Indicators is one of the most advanced but the most difficult indicators to write in comparison to other technical indicators.

Just like we can't avoid the physical law of falling towards Gravity, harmonic pattern indicators can't avoid using heavy computational resources.  

This is one of reason why we can't build Expert Advisors based on Harmonic Pattern indicator at least for the time being, I mean the proper one.

Here I am giving you few tips to save some computational resources.

1. reduce Zig Zag Maximum Depth to 100 or 120 from default 150

2. set Zig Zag Depth incremental step to 2 to 1 (2 is acceptable but 3 or 4 might cause too coarse search of pattern.)

I hope this is helpful.

Kind regards.

Young Ho Seo  

If you worry about repainting, just contact me.

You were probably using wrong trading methods in the past and did not understand how to trade using harmonic patterns.

Ha Ha :) :)

Also if you want to combine harmonic pattern trading style and your own trading system, you could use harmonic Pattern Plus to do that.

Harmonic pattern is one of very few trading system you can  trade with phase 1 of trend (if you don't understand phase 1, just read Birth of new Trend Triple entry trading system of my own).

You can combine with almost any trading system with harmonic pattern trading style.

Ha Ha  :) :)

Harmonic pattern plus can help you to do this by providing you the back testing capabilities.

For example, one great idea is to combine harmonic pattern with Volume spread analysis (VSA) or Volume price analysis (VPA).

Harmonic pattern is based on pure price action and the some missing puzzles can be found by looking at VSA or VPA.  

This is just one example. If you know which trend phase your trading system works, then you can always combine your trading system with harmonic pattern.

Then may the luck be with you in Forex market. 

Kind regards.

Young Ho Seo  

Here I will show few pictures to help how patterns are works together in financial market. I followed this since 9 June.

Firstly we get bullish breakout with falling wedge pattern on 12 June.

 

 

Secondly we get Big bearish pattern to alarm you possible bearish market on 20 June after the nice bullish rally from 12 June.

 

  

 

Thirdly  we get symmetrical triangle on 26 June to tell you possible price direction change. The triangle lead to big bullish breakout.

 

 

 

Then, bearish butterfly pattern formed and alarm you possible exit timing from the previous bullish breakout.

 

 

 

Just give you an idea how these pattern (Harmonic pattern and breakout pattern) work tougher.

For your further information, Harmonic patterns are used by many independent traders ( They are not necessarily trading on trading floor) and they are used for some serious investors with serious money as they are easy to use and powerful.

Breakout patterns are on the trading text book and used by many professional traders. If you enrol professional financial trading firm, then they will learn breakout patterns (double top, head and shoulder, triangle, etc) for must.

Interesting question arose here Who is more powerful between harmonic pattern and breakout pattern? In my view both helps each other. You will become more successful trader combining both indicators.

 

I hope this was helpful for your successful trading.

 

Kind regards.

Young Ho Seo  

Here I will show few pictures to help how patterns are works together in financial market. I followed this since 9 June on GBPUSD pair.

Firstly we get bullish breakout with falling wedge pattern on 12 June.

 

 

Secondly we get Big bearish pattern to alarm you possible bearish market on 20 June after the nice bullish rally from 12 June.

 

  

 

Thirdly  we get symmetrical triangle on 26 June to tell you possible price direction change. The triangle lead to big bullish breakout.

 

 

 

Then, bearish butterfly pattern formed and alarm you possible exit timing from the previous bullish breakout.

 

 

 

Just give you an idea how these pattern (Harmonic pattern and breakout pattern) work tougher.

For your further information, Harmonic patterns are used by many independent traders ( They are not necessarily trading on trading floor) and they are used for some serious investors with serious money as they are easy to use and powerful.

Breakout patterns are on the trading text book and used by many professional traders. If you enrol professional financial trading firm, then they will learn breakout patterns (double top, head and shoulder, triangle, etc) for must.

Interesting question arose here Who is more powerful between harmonic pattern and breakout pattern? In my view both helps each other. You will become more successful trader combining both indicators.

 

I hope this was helpful for your successful trading.

 

Kind regards.

Young Ho Seo  

Dear MQL5 Users.

Thanks for your continuous support on my Harmonic Pattern Plus.  

Here I show you one way to get most out of my Harmonic Pattern Plus. I will teach you how to unlock one of the secrete function with Harmonic Pattern Plus. 

On the Change size of ray for line object, type a number (day + month, for example, today is 9 June, then put 15=9+6).

Then the Harmonic Pattern Plus will scan two times more historical patterns on your chart. Use this past patterns to construct your trading strategy.

In my EURJPY H1 chart, I found almost 60 harmonic patterns to study with.  (Note that this won't affect the latest pattern.)

Harmonic Pattern Plus is only tool in the market providing your the statistical proof of profits of each harmonic pattern (watch the video how to develop powerful trading strategy with harmonic pattern plus.) 

Of course, you can get more support from  http://harmonicpattern.ucoz.co.uk/

Kind regards.

 

 

 

 

Young Ho Seo  

Important News:

Harmonic Pattern Plus for both MT5 and MT4 will be updated to version 2.5 in next couple of days (The update is in processing stage currently with MQL5.com. So please check it next couple of days.).
Version 2.5 can detect 3 drives pattern and deep crab pattern additionally. Now Harmonic Pattern Plus can detect 11 patterns below:

AB=CD
BAT
Alternate BAT
Butterfly
Gartley
Crab
Deep Crab
Cypher
3 Drives
5-0
Shark


Another important news is that now it is possible to build Expert Advisor using Harmonic Pattern Plus using iCustom function.

Please check it out the link below in next couple of days to experience new update.

https://www.mql5.com/en/market/product/4475
https://www.mql5.com/en/market/product/4488

 

Here is the code to call Harmonic Pattern Plus from your Expert Advisors. Nothing is special. Just use iCustom function as you used for other EA.

 

int iHandle  = iCustom(Symbol(), Period(), ::Indicators\\Examples\\Harmonic Pattern Plus MT5_v2.5.ex5); //Call this line from:  void OnInit()

  

      //Check New bar before call this routine from:     void OnTick()

      double BullPattern[];
      double BearPattern[];
      double PatternType[];
      double PatternSize[];
      
      
      ArrayResize(BullPattern,        3);
      ArrayResize(BearPattern,        3);
      ArrayResize(PatternType,        3);
      ArrayResize(PatternSize,        3);
    
      
      ArrayInitialize(BullPattern,        0.0);
      ArrayInitialize(BearPattern,        0.0);
      ArrayInitialize(PatternType,        0.0);
      ArrayInitialize(PatternSize,        0.0);
      
      
      //Buffer 3 is empty, so don't use
      if(CopyBuffer(iHandle0, 0, 0, 3,        BullPattern)<0) {printf("Harmonic Indicator Copy Error for Buffer 0");}
      if(CopyBuffer(iHandle0, 1, 0, 3,        BearPattern)<0) {printf("Harmonic Indicator Copy Error for Buffer 1");}
      if(CopyBuffer(iHandle0, 2, 0, 3,        PatternType)<0) {printf("Harmonic Indicator Copy Error for Buffer 2");}
      if(CopyBuffer(iHandle0, 4, 0, 3,        PatternSize)<0) {printf("Harmonic Indicator Copy Error for Buffer 4");}

 


          
          //Define Bearish Signal (Down Signal)
          if(BullPattern[1] == EMPTY_VALUE && BearPattern[1] != EMPTY_VALUE && BearPattern[1] > 0.0) 
          {
              DnSignal=true;
              mBearPatternSize = PatternSize[1];
        
              printf("PatternType[1]=%f,  PatternSize[1]; = %f", PatternType[1], PatternSize[1];);
          }
          
          
       
          //Define Bullish Signal (Up Signal)
          if(BullPattern[1] > 0.0 && BullPattern[1] != EMPTY_VALUE  && BearPattern[1] == EMPTY_VALUE) 
          {
              UpSignal=true;
              mBullPatternSize = PatternSize[index];
              
              printf("PatternType[1]=%f,  PatternSize[1]; = %f", PatternType[1], PatternSize[1];);
           }

 

 

 

 

 

 

Young Ho Seo  

One thing I noticed is that strategy tester display all the found patterns on the charts even if you set to display 1 pattern at a time. So you won't feel how nice to control back and forth, the previous and next patterns one by one when you test in your strategy tester.  

Unfortunately control on strategy tester is beyond my hand. But just remember that everything works nicely in real time charting with Harmonic Pattern Plus. It is only strategy tester does not behave as it should be.

Young Ho Seo  
The Trading Competition held by FXCM just completed: myfxbook.com/contests/forex-contest-fxcm/25

Our Price Action and Pattern Trading Strategy completed Trading competition with 8.6% profit (5% drawdown).

The EA ranked on top 10% during this competition.

You can check the resutls here:

myfxbook.com/members/FinnanceEngineer/contest-finnanceengineer/1057374

Happy Trading to everyone.
Young Ho Seo  

I have received several notice from some of my clients about entering trading competition. We are more than welcome to hear your challenge for trading competition using our Price Action and Pattern Trading.

So feel free to discuss with us if you enter trading competition using our Price Action and Pattern Trading Tools. :) :)

Young Ho Seo  

I have received several notice from some of my clients about entering trading competition using our Price Action and Pattern Trading Tools. We are more than welcome to hear your challenge for trading competition using our Price Action and Pattern Trading.

So feel free to discuss with us if you enter trading competition using our Price Action and Pattern Trading Tools. :) :)

Young Ho Seo  
All about Price Action Trading is timing. Patterns need to be confirmed with other indicators plus at least one candle bar in the your anticipated direction. Never enter too early and catching the right timing is real skill. From our automation experience of our Price Action and Pattern Trading strategy, we found that the pattern is even valid for some currency pairs after two candle bar is confirmed. But in general, we will recommend you to wait for one candle bars as it is more commonly used among traders. Having said, traders must understand that there are some particular currency pairs we never like to apply Price action and pattern trading strategy. This is why all our Price Action and Pattern Trading is so valuable for the selection purpose. You will learn this when you play more with our software.  
Young Ho Seo  
I have located original pdf document for BNT Triple Entry Trading Strategy on the link below. I hope this can help your profitable trading even more profitable. The download link for the pdf file is in the middle this web page. Of course, it is free and no expiry date. Enjoy.

http://harmonicpattern.ucoz.co.uk/
Young Ho Seo  
Our next update is on the way this week. To understand what is our core change in our Harmonic Pattern Software in our next update, please read this Harmonic Pattern theory section thoroughly.
The theory page explain what is incorporated in our next update. We are really excited to share this with you.

http://harmonicpattern.ucoz.co.uk/index/theory/0-44
Young Ho Seo  

Video Tutorials for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner Guide

A Video Tutorial to presents new update for Harmonic Pattern Plus (version 2.8) and Harmonic Pattern Scenario Planner (version 3.2). Watch in High Definition Mode (1080p) and Full screen to see texts and charts in details.

Young Ho Seo  

A lot of customers don't realize that Harmonic Pattern Plus has the powerful candle stick pattern built inside to assist your harmonic pattern trading because it is switched off when it is shipped to you.

The built in candlestick is as good or even better than any other stand alone candlestick pattern detector in the market. It can detect 52 candle stick patterns purely using price action. We don't use any moving average filters in our candle stick pattern detector. 

So please don't forget to just switch on UseCandleStick pattern = true on the bottom of your indicator settings to use your candle stick pattern scanner in your Harmonic Pattern Plus.

Kind regards.

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