We have updated our Harmonic Pattern Plus (version 3.8) and Harmonic Pattern Scenario Planner (version 3.9). They might be available in next 2 days.

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

https://www.mql5.com/en/market/product/4475
https://www.mql5.com/en/market/product/6101


Here are what we have updated. Sorry it is rather long description. View the attached screen shot for faster understanding.


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In version 3.8 New feature 1:


We added Fibonacci projection of followings:

1. Internal Price Retracement (XA)
2. External Price Retracement (BC)
3. Correction Price Projection (ABCD)
4. Future Price projection (CD, this is existing Fibo retracement from earlier version.)


Trader can control depth of these Fibonacci Projection using following variable:

Potential Reversal Zone Projection Depth (0 to 8, 0=no drawing).

value 1: fewer Fibonacci lines (for less sophisticated trading setup)
value 8: more Fibonacci lines (for more sophisticated trading setup.)



Also individual Fibonacci projection can be switch on/off by setting these values to zero or other values:

Potential Reversal Zone Line Length for XA (0=no projection)
Potential Reversal Zone Line Length for BC (0=no projection)
Potential Reversal Zone Line Length for ABCD (0=no projection)


For Future Price projection (CD, this is existing Fibonacci retracement from earlier version.), is identical to and this can be controlled by previous Fibo Display option.




In version 3.8 New feature 2:

Now by just simply clicking over "Symbol" button on your chart, trader can detect new patterns at any tick arrival without waiting for new bar arrival. This is useful if you want to detect patterns before new bar arrivals. (Fast discovery of the patterns.)

I bought your nice indicator "Hatmoic pattern plus", it looks very good, but I trying to change chart background to back, and it return it to white again, which I do not feel comfortable with it. Please How i want your help so I can change background to black while using your nice indicator.

Thanks 

Hi.

Yes, of course you can use it with black background.

Just set UseWhiteBackgroundForChat = false. this is the simplest way of setting black background for Harmonic Pattern Plus.

You can also change Fibo retracement colour accordingly to your black background. By changing  Fibo retracement colour = red or some other colour if you like.

I hope this helps you.

Stay tuned with us. You will hear more surprising news about our Harmonic Pattern Plus soon (but good news for traders and our customers.).  

Kind regards.

F.E.

Also note that Harmonic Pattern Plus has the candle stick pattern detector within for 52 different bullish and bearish candle stick patterns.

This is very useful feature to set up your trading.

Thanks a lot

It helped me sure

Please, I want to know how i can directly contact you for any inquries by e-mail. 

Thanks 

Hi. Just sent you private message.

Please check it out.

Here is the manual about how to backtest Potential Reversal Zone using Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. This manual is for educational purpose only. Hope this is helpful for your profitable trading.

Kind regards.

There are many more information here:

http://harmonicpattern.ucoz.co.uk/

http://harmonicpattern.ucoz.co.uk/index/technical_support/0-30

Update News for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner.

We found small bug of getting array out of range when you set PRZ depth = 0.

We will fix this error soon and release new version.

Kind regards.

PRZ Case study. Some classic example to improve your understanding of Harmonic Pattern trading as well as your profits.

When I do PRZ case study. I normally use full density of PRZ depth. So I set PRZ depth = 8. Just give you some idea about how you should coordiante between open price of candle bar (after pattern found) and PRZ location to set up high winning entry.

There are manual for how to do PRZ backtesting with Harmonic Pattern Plus and Harmonic Pattern Scenario Planner here:

http://harmonicpattern.ucoz.co.uk/index/technical_support/0-30

Accuracy and success rate of your trading can be increased seriously with good understanding of PRZ. Please have a look this manual.

Kind regards.

Pending order become market order and Take Profit target nearly hit.

If you have a moment, it is sensible to move you stop loss to breakeven or near but this is optional.

Note that this demonstration is educational purpose only (But this was done in live trading).

Each step is listed in time order as clear as possible.

Take Profit target hit and trade existed.

Again you can see how market treat next PRZ.

Harmonic pattern is most logical way of sorting and drawing supports and resistance lines.

You can thoroughly back testing this PRZ idea to improve your trading idea with Harmonic Pattern Plus.

Here you can find the PRZ backtesting manual.


http://harmonicpattern.ucoz.co.uk/index/technical_support/0-30

https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/6240

Is the demo available for MT4? I tried but didn't work...

The arrow which indicates the direction of the new trend is often hiding some candlesticks on my chart. Would it be possible to add an input parameter which allows to disable the arrow?

Besides this issue i am very happy with your software and the new updates. Keep up the good work! 

I see. No problem. Update is on its way. I guess one or two days for processing.

Kind regards.

Hello Traders

We have PRZ backtesting manual updated with real world trading example.

Please check it out for your profitable trading.

Kind regards.