Description

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.

Myfxbook record

Key Harmonic Patterns used by this EA include:

• Gartley Pattern
• Butterfly Pattern
• Bat Pattern
• Crab Pattern
• Shark Pattern
• Cypher Pattern

Installation Steps

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

EA Specs

Product name	FRZ Harmonic Patterns EA
Platform Supported	MT4
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
Current version	3.0

Example Harmonic Patterns

Bullish Harmonic Pattern

Bearish Harmonic Pattern

Settings

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