This pattern I'm using, and I asked a programmer to make an EA for it. But.... when I see how it's working.... I don't like it, I prefer to trade manually. If you are still interest about it, I will put it here.
joswald wrote:Hi Everyone,
I'm a harmonic trader and I use korharmonics in identifying possible trade setups, but there is one trade setup I feel could be automated into an ea, it doesn't occur very often but when it does it has a high success rate.
So I'd thought I would see if anybody would be interested in automating it hopefully it may prove fruitful.
The pattern is taken directly from Bryce Gilmore's The Price Action Manual.
Here are some live examples from the last couple of days...
Obviously you enter at (d).
You may verify this exact setup, to do this I have attached the Korharmonics indicator and also history train ea, simply configure Korharmonics to identify only 121 patterns then screen the results it gives you ensuring the pattern meets the criteria I have outlined above.
You will notice at least a reaction, so I'm thinking it would be good to set it to b/e after 5 pips. And there are not many that meet the specifications so it's not going to be a high frequency ea but I'm after quality not quantity.
If anyone thinks this is a worthwhile endeavor it would be great to here from you
Kind Regards,
John
P.S I've also added Korharmonics EA, I don't have any programming experience I just thought it might be a good template for this type of ea.
