FxMath Harmonic Patterns EA
Pairs: Forex, Options, CFD,…
TimeFrame: Any TimeFrame
Trading Strategy: Harmonic Patterns
EA features:
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EA Auto Installer
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Matatrader 4 Platform
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User Manual
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Friendly EA Setting
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Money Management Function
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Works with all build +600
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Life time update
Harmonic Patterns:
Harmonic price patterns take geometric price patterns to the next level by using Fibonacci numbers to define precise turning points. Unlike other trading methods, Harmonic trading attempts to predict future movements. This is in vast contrast to common methods that are reactionary and not predictive.
Combine Geometry and Fibonacci Numbers
Harmonic trading combines patterns and math into a trading method that is precise and based on the premise that patterns repeat themselves. At the root of the methodology is the primary ratio, or some derivative of it (0.618 or 1.618). Complementing ratios include: 0.382, 0.50, 1.41, 2.0, 2.24, 2.618, 3.14 and 3.618. The primary ratio is found in almost all natural and environmental structures and events; it is also found in man-made structures. Since the pattern repeats throughout nature and within society, the ratio is also seen in the financial markets, which are affected by the environments and societies in which they trade.
Issues with Harmonics
Harmonic price patterns are extremely precise, requiring the pattern to show movements of a particular magnitude in order for the unfolding of the pattern to provide an accurate reversal point. A trader may often see a pattern that looks like a harmonic pattern, but the Fibonacci levels will not align in the pattern, thus rendering the pattern unreliable in terms of the Harmonic approach. This can be an advantage, as it requires the trader to be patient and wait for ideal set-ups.
Most Harmonic Patterns:
Gartley, Bat, Shark, Butterfly, 121, Total3, Crab,…
Price: 249 USD
Example of Charts:
Chart USDJPY, D1, 2015.12.06 14:59 UTC
Chart EURJPY, H4, 2015.12.06 15:02 UTC
