This is an expert adviser/robot that places orders based on harmonic & other price action patterns including Bat, Butterfly, Crab, Cypher, Gartley, and Shark patterns. Whenever a pattern is detected, the EA will place a buy or sell order according to the signal type. It does not use any risky strategies such as martingale, grids, hedging, averaging, or arbitrage. Only one trade per chart is executed (if the pattern is present) at any given time.
The patterns are recognized via external indicators that are provided with the EA. The EA has its own algorithm to filter out low probability trades. All trades are entered with predefined stop loss. However, take profit is dynamically decided by the EA.
Key Harmonic Patterns used by this EA include:
- Gartley Pattern
- Butterfly Pattern
- Bat Pattern
- Crab Pattern
- Shark Pattern
- Cypher Pattern
1. Go to MT4>Options>Expert Advisors and Allow automated trading
2. Place EA file in the Experts folder of your MT4
3. Place template file in the Templates folder of your MT4
4. Place indicator files in Indicators folder of your MT4 (do not place under subfolders)
5. Refresh/restart MT4
6. Open the charts you want to run the EA and load the template to each of the charts.
7. Load the EA to each of the charts and change the lot size and other settings if necessary
|Product name||FRZ Harmonic Patterns EA|
|Time frames supported||H1 Chart|
|Recommended pairs||Any currency pair (Major & minor pairs only)|
|Suitable market sessions||Any|
|Risk assessment||Comparatively low risk as it does NOT use any risky strategies such as martingale, grids, hedging, averaging, or arbitrage. Only one trade per chart at any given time with a fixed lot size and SL.|
|Recommended broker||Any broker (preferably ECN broker) with low spreads|
|Recommended min. deposit||Any amount; however lot size to be decided given the deposit size.|
|License||Single purchase includes license for two (02) trading accounts (including 01 DEMO and 01 real account). You can submit your account numbers after purchase. Both accounts should be submitted at once after purchase. You can NOT change the account numbers afterward. We offer no refunds or returns.
After the purchase, visit this page to submit your account numbers.
|Support||Free installation support|
Example Harmonic Patterns
Bullish Harmonic Pattern
Bearish Harmonic Pattern
A PDF user manual will be provided explaining above settings.
Backtesting Results (Backtesting may not work well without special tools and preparations) (This is for an older version for M15 chart. The current version works only on H1)
Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here