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Harmonic Auto Trader

  • #1
  • First Post: Aug 1, 2011 10:10am Aug 1, 2011 10:10am
This is not a discussion on any old harmonic patterns, this thread is for anyone who may be using the Harmonic Auto Trader that has recently been released.

Is anyone else using this ? I would like to have a thread dedicated to managing these harmonic trades as they are triggered. I really love the "semi-automated" nature of this thing because im sure a lot of us have struggled getting regular EAs to be profitable consistently.

Here is the last trade on friday, will continue to post if there is interest
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.jpg Size: 74 KB
Know your indicators!
  • #2
  • Aug 1, 2011 12:01pm Aug 1, 2011 12:01pm
I would like to see some results by this EA.
  • #3
  • Aug 14, 2011 1:23pm Aug 14, 2011 1:23pm
So would I, please

I can't believe there isn't a proper harmonic pattern EA out there yet
  • #4
  • Aug 18, 2011 10:16am Aug 18, 2011 10:16am
hi. i saw this product and i am very tempted to purchase it, but being quite expensive i would like to get an honest opinion. if you don't mind, could you please share your results? thanks
  • #5
  • Aug 19, 2011 5:45pm Aug 19, 2011 5:45pm
ME TOO
  • #6
  • Aug 19, 2011 8:28pm Aug 19, 2011 8:28pm
Hi

I have been very busy with work and have forgot to reply to the thread to update the rest of you and will try and do it more often. This is one of my main reasons in using automation since work does keep me busy for now.

I went back to take some screenshots of the trades it entered but i was not able to capture the losses as I got stopped out before I could take the snapshot.

If you know how to automatically take a screenshot upon opening a new order I would love to hear from you.

There were 4 trades this week as follows:

Summary:
============
GBPUSD = M30 BUTTERFLY +67 (Closed)
AUDUSD = M15 BUTTERFLY +75 (Closed) +88 (Locked in with stops, still floating, up 180 pips)
NZDUSD = M15 BUTTERFLY +54 (Closed) +124 (Locked in with stops, still floating, up 247 pips)
GBPCAD = H1 BAT -54 pips (loss)

Week Ending Totals:
Pip Total: 354 pips
Floating Total: 427 pips
Wins: 3 Loss: 1
Biggest Win: 124
Biggest Loss: 54

Smallest Win: 54
Smallest Loss: 23

My thoughts and comments on each trade as I review this system and software:


Trade1

GBPUSD = M30 BUTTERFLY
Entry - 1.6364 (Short)
Stop - 1.6388 (Risking 24 pips)
I was out when I got the email saying it took a position. I'm using minis but it was still nice to get the email when my stops were moved for me. Later I got an email saying we hit profits just when i entered our yearly board meeting (AGM time!) so ofcourse i didn't catch the very low as you still do have to close the trade out manually but I did capture 67 pips although i know others got closer to 90.
Closed the trade at 1.6297
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 54 KB


Trade2

AUDUSD = M15 BUTTERFLY
Entry - 1.0580 (Short)
Stop - 1.0607 (Risking 27 pips)
I'm finding the stops to be pretty reasonable anywhere from 25-35 pips most of the time. I'm trading mini lots so I feel comfortable knowing that its only a 25-35 dollar loss at max. I watched a recording of a webinar they had (unable to attend due to work since its at 8am EST). The guy there mentioned to break the lots up into a few seperate orders in case your broker doesn't let you partially close trades. Mine does, but apparently this is a used feature by many. Just not me so I can't comment on that specifically. I did get an email when stops were moved to breakeven shortly after which is always a nice email to get considering most of my work email is to-do items and people wanting things.
Closed half the trade at 1.0505 and secured 75 pips
1/2 Still OPEN with stops at 1.0492 (Locked in 88 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 68 KB


Trade3

NZDUSD = M15 BUTTERFLY
Entry - 0.8419 (Short)
Stop - 0.8442 (Risking 23 pips)
This trade came in the same day as the aussi. A 23 pip stop which was more than reasonable. I run an app on my phone that my broker provides and checked out the trade. I closed out part of the trade just before the B point as I couldn't stay around the computer. So the first half of the trade I captured 54 pips but the run down it had was more than impressive. Really starting to like this auto trader as I know I would never have gotten into these positions otherwise.
Closed half the trade at 0.8365 and secured 54 pips
1/2 Still OPEN with stops at 0.8295 (Locked in 124 pips) and floating 247 pips in profit!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 69 KB


Trade4

NZDUSD = H1 BAT
Entry - 1.6304 (Short)
Stop - 1.6358 (Risking 54 pips)
This was a larger pattern so I noticed a bigger stop on it right away. It wasn't long after taking the entry the email came with bad news saying I got stopped out. Rats! But looking back at the week I must say I didn't mind giving back 54 pips. Because the trade got stopped out rather quickly I didn't have time to take a screenshot of the pattern. This is the general concepts of harmonics. Cut your losses and let your winners run. I assume thats good trading advice in general.


Over all comments:

Its hard not to be impressed by a profitable week. I have to say that I expect these profits in a month so by seeing them in a week I was more than impressed. I do think the markets and how yo-yo they are might have added to some of the quicker and bigger moves but the harmonics did get me into them so for that I am happy. I didn't go into the previous week as I didn't have any screenshots but there was a couple more losers in that same 25-35 pip range and a couple winners (one i remember was on the aud) but there was also a lot of surprise news that week that kicked us out of a couple. Over all though i'm up so much further for it. So next week I'll be running it as well and looking forward to monday.

My goal is to provide useful information (good or bad). I can try to answer any questions but I will not always be around so leave a message and I will try to get to it when work allows me time.
Know your indicators!
  • #7
  • Aug 20, 2011 3:39am Aug 20, 2011 3:39am
Quoting trader346
Hi

I have been very busy with work and have forgot to reply to the thread to update the rest of you and will try and do it more often. This is one of my main reasons in using automation since work does keep me busy for now.

I went back to take some screenshots of the trades it entered but i was not able to capture the losses as I got stopped out before I could take the snapshot.

If you know how to automatically take a screenshot upon opening a new order I would love to hear from you.

There were 4 trades this week as follows:

Summary:
============
GBPUSD...
trader 346, thanks so much for your reply. yes, i agree, quite impressive, and in line with weekly updates from their website. from what you wrote, i gather you cannot choose to enter trades on a given timeframe only, since entries and sl are set for you and you only get an email AFTER trade is initiated. the only control one has is for profit taking. this is not necessarily bad, actually it may work pretty well for me, as i also don't have a lot of time available for trading, and an iphone app could solve the problem. please keep us posted, i'm almost convinced but i'd like to wait for september trading.
  • #8
  • Aug 22, 2011 5:18am Aug 22, 2011 5:18am
Quoting bubola
trader 346, thanks so much for your reply. yes, i agree, quite impressive, and in line with weekly updates from their website. from what you wrote, i gather you cannot choose to enter trades on a given timeframe only, since entries and sl are set for you and you only get an email AFTER trade is initiated. the only control one has is for profit taking. this is not necessarily bad, actually it may work pretty well for me, as i also don't have a lot of time available for trading, and an iphone app could solve the problem. please keep us posted, i'm...
bubola: it does allow you to control the timeframe and the currency pair. i let it run everything since one chart is just like the others to me. i can understand why some might not like the JPY pairs as they tend to move more.
Know your indicators!
  • #9
  • Aug 23, 2011 8:21am Aug 23, 2011 8:21am
first two trades came out this week. its too late to enter these but i delay them anyways because i dont believe in duplicating peoples work. the harmonic auto trader have done an excellent job in pattern selection from what i've seen so far and i can now say its a pleasure to be using it. i forgot to draw in the harmonic pattern, but you should be able to make it out from the XABCD points that get put in the bottom left of the chart

im trying to think of something they can improve on, maybe sms? but i herad that is coming soon as well

just so you can see what happeneds so far there was a GBPUSD and AUDCAD on the M15

Attached Image (click to enlarge)
Click to Enlarge Name: HATGBPUSD.png Size: 97 KB

Attached Image (click to enlarge)
Click to Enlarge Name: HATAUDCAD.png Size: 93 KB
Know your indicators!
  • #10
  • Aug 25, 2011 1:13pm Aug 25, 2011 1:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdthursday.png Size: 33 KB


This week:

EURGBP - Loss 22 pips (stopped out)
GBPUSD - Winner 275 (Took profits)
AUDCAD - Winner 35 pips (stopped out)
GBPCAD - Loss 35 pips (stopped out)

253 PIPS! OH BABY!
Know your indicators!
  • #11
  • Aug 26, 2011 11:17am Aug 26, 2011 11:17am
Quoting trader346
253 PIPS! OH BABY!
congratulations!! i'm reading scott carney's books (harmonic trading, vol. I & II) to learn as much as i can about harmonic patterns before i sign up, but i have made up my mind to join you.
  • #12
  • Aug 29, 2011 10:38pm Aug 29, 2011 10:38pm
this shit too expensive! what they trying to do make a killing?
I could see like 129 month or something but 349 a month cmon!
  • #13
  • Aug 31, 2011 11:14am Aug 31, 2011 11:14am
Great results on using the HAT.

Can you tell me what software your using? I think they use meta trader.. and it looks like you are only trading the majors?

Are you trading anything else?
  • #14
  • Sep 8, 2011 7:25pm Sep 8, 2011 7:25pm
???????????
  • #15
  • Sep 16, 2011 7:56am Sep 16, 2011 7:56am
Any updates?
  • #16
  • Sep 29, 2011 7:29pm Sep 29, 2011 7:29pm
Thought this thread was really interesting...would be great to get a results update
Geoff
  • #17
  • Oct 3, 2011 7:49pm Oct 3, 2011 7:49pm
Ive seen him on the Internet for close to 10 years and what makes me wonder is...if I had a real harmonic sysyem that worked, why write 3 books on it which takes years of effort and then sell it to anyone on the net? Sounded too good to be true. So, when I saw he came out with a scanner that finds the setups for you, pretty much automating and handing it to you on a plate, I gotta keep asking myself, why would someone put so much effort into selling this if trading it was so profitable? Yet, I cant find anyone who claims they felt he is not honest. So I want to find one guy here who can state honestly one way or the other what happened to him using Scott's harmonic scanner. So why there arent 20 or 30 guys at minimum telling us on this thread how they did is beyond me. I know how hard it must be to learn the system he teaches and I wont consider it till I know it really works. Im curious as a hound dog though!
  • #18
  • Oct 3, 2011 8:23pm Oct 3, 2011 8:23pm
Try this link http://www.donnaforex.com/forum/index.php?topic=4238.45
  • #19
  • Nov 24, 2011 8:22pm Nov 24, 2011 8:22pm
I asked the same question and found out they are actually managing funds in the area of millions.. and plus the fact they are renting this software at few grand a year... their are getting money at 0 risk to their capital.
No matter how good your software is trading forex always has certain risk but when you are selling.renting software and trading people's money with a comission, your own captial risk is 0. but on the other side you have to keep making sure the software is profitable or else the "income" will be gone.
so if think along this line, then it makes sense to what they are doing..


Quoting Daytrader50
Ive seen him on the Internet for close to 10 years and what makes me wonder is...if I had a real harmonic sysyem that worked, why write 3 books on it which takes years of effort and then sell it to anyone on the net? Sounded too good to be true. So, when I saw he came out with a scanner that finds the setups for you, pretty much automating and handing it to you on a plate, I gotta keep asking myself, why would someone put so much effort into selling this if trading it was so profitable? Yet, I cant find anyone who claims they felt he is not honest....
  • #20
  • Jan 10, 2012 1:55pm Jan 10, 2012 1:55pm
I know someone who is a member and says he wouldn’t trade without it he uses his own price action analysis as well at a Gartley to confirm his trade and says it doesn’t work 100% like all things but he reports 60-90% success rate using harmonics using this software.


Yes, its expensive so is opening a store of getting a £1m license to open a McDoanlds better?
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