Forex Robot Reviews

Harmonics Trader EA Reviewed And Discussed

Harmonics Trader is a relatively new forex expert advisor being sold for $149 on Paypal.

About The Developer

Very little information is given about the developer of the Harmonics Trader EA. I couldn’t seem to find a real persons name behind the software, just the name of the website.


Uses the free ZUP indicator (ZigZag and Pesavento Patterns). It has been hardcoded to look for classical patterns only which are the Gartley, Butterfly, Bat, Crab, Shark and the 5-0 pattern.


The results for this Harmonic EA are not very impressive at all, and I could only seem to find demo accounts. Here is a look at a few of them…

Refund Policy does NOT issue refunds while the customer has been given the opportunity to download and evaluate the HarmonicsTrader EA on a Demo account and the MT4 Strategy Tester.

This is a quote from their policy, so I take this as there being no refunds with this product at all.


Because of the no refund policy, lack of real results, and poor demo results, I can not recommend this Harmonics Trader EA. Use it at your own risk!

HarmonicsTrader Rating

Remember to rate and leave a comment below if you have any experience or questions regarding this product.

  • Tony - Posts:
    April 2, 2013
    Reply #1

    I spent a month coding up a Harmonic trader EA based on ZUP and backtested it on several pairs (using prices over the past 2 years). The results were not impressive – not that much above break-even. The problem is that the Harmonic patterns can change between going short or long in a short time frame on the same pair; they also often show up too late, so your profit potential is reduced. I can share the results if anyone is interested or maybe even the EA code, but anyway I would not recommend using this method for trading.

  • Pipster - Posts:
    April 1, 2013
    Reply #2

    I TOTALLY agree with this evaluation.

Leave a Reply:

Disclaimer: Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on should not be seen as a recommendation to trade forex or a be considered as investment advice. is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, has financial relationships with some of the products and services mention on this website, and may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Forex trading entails significant risks and there is a chance that potential clients lose all of their invested money