Best Prices And Deals
- 97%

CM HARMONIC PATTERN EA v1.20

Add to wishlistAdded to wishlistRemoved from wishlist 10
Add to compare

CM HARMONIC PATTERN EA v1.20-Automatic Trading, Robot that trades the most powerful Forex Pattern, close to 100% accuracy

47,95 $

11 Item Sold

Full Item description:

Description:

Content: 1 EXPERT EX4 UNLOCKED (unlimited)

 

Original Website: in a closed fx group

Original Price: $1599

Another one in the series of excellent FX Robots, which deals with trading according to Harmonic Patterns. This is a rare opportunity to meet an excellent and high-quality EA that is calibrated according to one of the best FX strategies in the world, which are almost 100% accurate.

But at the beginning let’s look back a little to see a further and more precise explanation of “what are Harmonic Patterns” in Fx trading:

CM HARMONIC PATTERN EA v1.20 1

Harmonic Patterns are a type of complex patterns that occur naturally in financial charts based on geometric price action and Fibonacci levels.

The patterns were introduced to the trading world by Harold McKinley Gartley in 1932. Gartley created a pattern which he named after himself and outlined in his 1935 book, Profits in the Stock Market.

When properly identified, harmonic patterns allow traders to enter the trade in a high probability reversal zone with minimal risk. Harmonic trading techniques utilize Fibonacci price patterns and numbers to quantify these relationships.

They offer a means to establish where the turning points will occur.

What are Harmonic Patterns?

Harmonic patterns are trend reversal patterns that are based on the Fibonacci extensions, retracement levels, and geometric structures.

These patterns provide traders the potential reversal zone, which help to hop in reversal trades at the brink of exhaustion.

What do these patterns look like?

In general, all harmonic patterns are based from 5 turning points in price.

However, each type of harmonic pattern has a different geometrical shape and Fibonacci ratio. We name these points X, A, B, C and D. Each harmonic patterns follows its own set of rules that will discuss in greater detail later in the article.

CM HARMONIC PATTERN EA v1.20 2

Why these patterns important?

The main importance of harmonic patterns is to predict price movements.

By finding patterns of different magnitudes and lengths and applying Fibonacci coefficients to them, day traders can try to forecast the future movement of financial instruments like stocks, options, and more.

Harmonic patterns are the key to identifying reversals. They are a very precise instrument, characterizing very specific price movements.

Types of Harmonic Patterns

Although there are many types of harmonic patterns, only a few have stood the test of time because they form more frequently on the price charts. In this section, we will go through each one and outline their differences.

The Butterfly Pattern

The butterfly pattern is a reversal pattern that is often found at the end of a trend move. It was introduced by Bryce Gilmore and is made up of five points: X, A, B, C, and D.

Below is a diagram of the butterfly pattern

CM HARMONIC PATTERN EA v1.20 3CM HARMONIC PATTERN EA v1.20 4

The pattern can form two formations: The bullish butterfly, which indicates when traders should buy, and the bearish butterfly, indicating when traders ought to sell.

Butterfly patterns help traders in spotting the end of the current move so that they can take the trade.

The bullish and bearish butterfly patterns have the following characteristics that can be used to identify them.

  • AB can retrace up to 78.6% of the XA leg
  • BC can retrace between 38.2% – 88.6% of AB
  • CD can be an extension of 1.618% – 2.618% of AB
  • CD can also be an extension of up to 1.272% – 1.618% of XA leg
  • The point D is known as the Potential Reversal Zone (PRZ)

From Point D, you can enter a trade with stops at or above (below) the price point at D.

The Gartley Pattern

The Gartley pattern is a simple harmonic pattern that is preceded by a significant low or high. As mentioned earlier, this pattern was developed by Harold McKinley Gartley. It is also known as the ‘222’ pattern based on the page number it is outlined in his book, Profits in the Stock Market.

Gartley patterns usually form when a correction of the overall trend is taking place. Bearish Gartley patterns look like ‘M’ while bearish patterns W-shaped.

CM HARMONIC PATTERN EA v1.20 5CM HARMONIC PATTERN EA v1.20 6

The rules for a harmonic pattern to be called a Gartley pattern are:

  • AB leg should retrace about 61.8% of leg XA
  • BC should retrace 38.2% – 88.6% XA
  • CD is at least a 78.6% retracement of leg XA

The Bat Pattern

The Bat pattern was discovered by Scott Carney in the early 2000s. Like the Gartley pattern, the Bat pattern is a retracement and continuation pattern that forms when a trend temporarily reverses its direction but then continues on its original course.

This pattern allows traders to enter a trend at a good price just as it is resuming.

CM HARMONIC PATTERN EA v1.20 7CM HARMONIC PATTERN EA v1.20 8

The main rules of the bat pattern are as follows:

  • AB leg can retrace between 38.2% – 50% of XA leg
  • BC leg can retrace between 38.2% – 88.6% of AB leg
  • CD leg can retrace up to 88.6% of XA leg
  • CD leg can also be an extension of between 1.618% – 2.618% of AB leg

The Crab Pattern

This pattern was also developed by Scott Carney, who claims it’s the most effective harmonic patterns to use when trading. It is a reversal pattern consisting of four legs marked X-A, A-B, B-C and C-D.

According to Carney, one main advantage of using the Crab pattern instead of other types of harmonic patterns is, the high risk/reward ratio because these set ups allow you to have very tight stop losses.

It allows traders to enter the market at extreme lows or highs.

CM HARMONIC PATTERN EA v1.20 9

Crab patterns must follow these rules:

  • AB should retrace between 38.2% – 61.8% of XA leg
  • BC should retrace between 38.2% – 88.6% of AB leg
  • C should never exceed point A’s high (or low)
  • CD is the longest leg and it should extend to 161.8% of XA. CD can extend between 224.0% – 361.8% of BC leg in some extreme cases

The Cypher Pattern

The cypher pattern has five touchpoints and four waves or legs between them. Every touchpoint represents reversal levels, while each leg highlights a price action.

It uses tighter Fibonacci ratios (usually less than 1), thus creating a steeper visual appearance.

CM HARMONIC PATTERN EA v1.20 10CM HARMONIC PATTERN EA v1.20 11

Cypher pattern rules:

A qualified cypher pattern is made up of an impulse leg (XA), followed by a retracement leg (AB) that reaches at least the 38.2% Fibonacci retracement of the XA leg without exceeding 61.8%.

When traded correctly, this advanced harmonic price action pattern can achieve a truly remarkable strike-rate and a pretty good average reward-to-risk ratio.

The Shark Pattern

The shark pattern is another type of harmonic pattern. It is one of the newer harmonic trading patterns and traders have been using since 2011.

The pattern got its name because its steep outside lines and shallow dip in the middle form a chart that looks like a dorsal fin.

CM HARMONIC PATTERN EA v1.20 12CM HARMONIC PATTERN EA v1.20 13

Trading Harmonic Patterns

Trading Harmonic Patterns is similar to trading any other chart pattern.

Here are the main factors to consider:

  • Practice trading these patterns in a simulator before using real money
  • Always have a profit and loss target before entering the trade
  • Establish where each patterns entry and exit points are
  • Only trade A+ setups

Bottom Line

Every trader wants to become successful at trading. Learning to trade the market using harmonic patterns is not hard. They are one of the most useful patterns if plotted correctly.

However, don’t forget that harmonic trading has some inherent pitfalls and it is a rules-based method which requires discipline.

To make harmonic patterns more reliable, make sure to pay attention to support and resistance levels. Combine this with price action reversal patterns such as bullish or bearish engulfing to give yourself some confidence.

Finally, remember to set your stop losses and target levels to reasonable price levels.

  • 100% MONEY BACK GUARANTEED (for corrupted or defected files) OR
  • AS A SITE OF TRUST WE GIVE YOU A DOUBLE CHARACTER REPLACEMENT (we give you a 2 “high rated” items if you get (corrupted or defected files)

Forex Outlet Shop - Top rated Plus SellerForex Outlet Shop - Top rated Plus Seller 2Forex Outlet Shop - Top rated Plus Seller 3Forex Outlet Shop - ebay logo

We are “EBAY” school, with a lot of experience in sales. Our priority is customer satisfaction, are you our number one priority.We will always be happy to help you with any technical support in the form of installation of our items and give you advice about Brokers with whom we have contracts and you will always receive special benefits, as well as free advice and Forex Strategies from us.

As a trusted Forex Site, your satisfaction is our number one priority and we will strive to meet you in a way that will always “exceed” your expectations.

As a long-time “EBAY” Top Rated Seller Plus, we have decided to develop and expand our business through this site. You have all the benefits and three times more benefits with us …. see you here and “Stay Safe” in these difficult times!

Some items you will receive “instantly”,but some items you will receive for max.24h (usually few hours),because we have a several servers,and some of them need manual sending because we have an extremely large warehouse of items
After purchase,if you don’t receive your download link,you will get it for max.24h (usually few hours)-from 20min to 2 hours,also you will get one popular Item as a gift from us
In the case when you purchase item,and you “get” “instantly”,you will also get one popular Item as a gift from us max.24h (usually few hours)-from 20min to 2 hours
We send you your items to the email address you provided when paying, and please “MUST” check that our message with your Item did not come to “SPAM” instead of “inbox”, is this a common case
If you do not receive a message from us with your item, please notify us immediately by email and we will respond immediately and send you your items and gift by sending through “reply”from the received email

 

FEATURES PRODUCT DETAILS
Compatible with NFA, FIFO and MT4 Build 600+ Platform: MetaTrader 4
ECN Support Language: English
Perfected For Multiple Pairs Time Frames: System works with every MT4 TF
Works With Any MT4 Trading Brokerage Trading Time: Any time | Recommended London and New York sessions
Unlimited Licenses For All Your MT4 Accounts Currency pairs: Any pairs | Recommended major pairs + indexes
No Trading Experience Required Purchase includes: Indicators | Templates
US Brokers | Non-US Brokers Trading Accounts: Unlimited
No Trading Account Limitations License: Unlimited
Popup Alerts Indicators (Unlimited)
No Minimum Leverage Required
* instant delivery (email inbox/account dashboard)

Features Product details
Compatible with NFA, FIFO and MT4 Build 600+ Platform: MetaTrader 4
ECN Support Language: English
Perfected For Multiple Pairs Time Frames: System works with every MT4 TF
Works With Any MT4 Trading Brokerage Trading Time: Any time | Recommended London and New York sessions
Unlimited Licenses For All Your MT4 Accounts Currency pairs: Any pairs | Recommended major pairs + indexes
No Trading Experience Required Purchase includes: Indicators | Templates
US Brokers | Non-US Brokers Trading Accounts: Unlimited
No Trading Account Limitations License: Unlimited
Popup Alerts Indicators (Unlimited)
No Minimum Leverage Required
* Due to reviews of themegareview.co.uk

Delivery: Instant delivery (email inbox/account dashboard)

Conclusion:

I want to repeat that the system is very effective. It will definitely help you achieve your financial goals whatever they are.

Package include: System  Indicators and template in a zip folder

Fast delivery within 24 hours

I’m reseller of unlocking digital good’s

I’m not a trader

All indicator’s,FX strategies and EA’s are working and unlocked for use

Please note: I do not give refunds based on the performance of the product. There are many factors that can affect the performance and results of the product such as brokers, internet connection and the experience of the user. You are receiving a working product that has been tested and all sales are final.

no returns accepted for any reason

Forex Outlet Shop
Logo
Enable registration in settings - general
Compare items
  • Total (0)
Compare
0
Shopping cart