Description
This is an expert adviser/robot that places orders based on harmonic patterns including Bat, Butterfly, Crab, Cypher, Gartley and Shark. Whenever a harmonic pattern is detected, the EA will place a buy or sell pending order according to the signal type.
The EA places pending orders on the initial recognition of the pattern and any repaints will result in deletion of the existing pending order and creating a new pending order. The pending orders will have an expiration time and therefore if the charts goes on the opposite direction, it may not cause any harm as the pending order will expire after the set time. In addition, we have unique algorithms built in to identify the most potential harmonic patterns.
Single purchase includes license for three (03) MT4 accounts (including any DEMO and real accounts). You can submit your accounts numbers after purchase. You can not change the account numbers afterwords. You need to submit the account numbers at once.
Installation Steps
1. Place EA file in the Experts folder of your MT4
2. Place template file in the Templates folder of your MT4
3. Place indicator files in Indicators folder in your MT4
4. Refresh/restart MT4
5. Load the the template file on any chart
6. Change the settings as you like (Default settings are fine to get started)
Installation Video
(NB: this video is based on an older version and current setup can be different from the initial versions)
EA Specs
| Product name | FRZ Harmonic Pattern EA |
| Platform Supported | MT4 |
| Time frames supported | 15 Minute Chart |
| Recommended pairs | Any currency pair |
| 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 fixed lot size, TP & SL. |
| Recommended broker | Any broker (preferably ECN broker) with low spreads |
| Recommended min. deposit | Any amount: however, it is recommended not to risk more than 2% of your capital in a single trade. |
| Support | Free installation support |
Example Harmonic Pattern
Screenshot
Settings
Backtesting Results
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here
Israel Garbutt –
Thank you. so far so good
Ennio McEwan –
Probably the best harmonic EA. captures most of patterns. Will try this month
Nirav Spurling –
Not bad although it missed some good opportunities. still profitable and worth it
Edith Ryals –
So far so good. thanks for the setup support
Jorge Lytle –
The patterns can get repainted but still managed to make a profit.