Harmonic Pattern Success Rate

Success rate of Harmonic Pattern can be abused by people selling harmonic pattern indicators, harmonic pattern scanners and course materials, etc. They can do that by showing the inflated success rate for each pattern from the repainting harmonic pattern indicator. There are footage of this in many internet medium like the SNS, blog or Youtube, trying to get more website traffics into their post and forum, etc. When you are considering to become a full time trader with harmonic pattern, you need to avoid any kind of inflated success rate. This inflated or false success rate will destroy your trading performance from the day 1 of your trading because you are not tuned with the realistic sense of harmonic pattern. Some people will do this because they do not have knowledge of trading.

Then how much can they inflate the success rate of harmonic pattern ? This screenshot below shows the typical example of the inflated harmonic pattern success rate by some seller of harmonic pattern indicator or service. Abusing 80% winning rate or 85% winning rate, etc. When you see success rate like this, you must question yourself what is the Reward/Risk ratio of the trading system. Otherwise, these numbers are meaningless. If the reward/risk ratio is 1/5, then you will be losing with even this high success rate. If the reward/risk ratio is 2/1, then this is a way too much inflated figure. Some people simply do this because they want to stimulate your interest to read their post or to buy the products or service, etc.

This success rate of 80% and 90% is to say that one can become millionaire in few month time with 2000 dollar initial investment. Have you heard any one who earned that much money ?? Well no. We know that only scammer says such a thing. When things look too good to be true, it is typically bad sign and you need to think through why it is not the case.

Harmonic Pattern Success Rate Inflated

You can use the breakeven win rate to clear this misleading success rate. Breakeven win rate explains that sucess rate and reward to risk ratio must be used together to see the profiability of the trading system. For your information, please use this breakeven win rate table we have generated to find out any false information or misleading information on the website about success rate of any trading strategy.

Breakeven Win Rate Table

There is also second type of abuse or misrepresentation of success rate with Harmonic Pattern. Check this screenshot below. Accuracy of 100% is boldly printed on the screenshot. Accuracy of 100% ?? No one will state 100% dare in real world. If you are experienced, you will know that this is in fact, pattern matching accuracy. Pattern matching accuracy is the accuracy measurement between ideal pattern and actual pattern. This is not the success rate but calling this as accuracy can misrepresent the figure to trader. Never ever do this. Do not even take this as success rate. You will be doomed in your trading from day 1 because harmonic pattern does not work this way. This one might be due to ignorance mostly.

Harmonic Pattern Accuracy Misleading

Harmonic Pattern is a good techncial analysis but still no one have shown real testing results and success rate because it is hard to build non repainting and non lagging Harmonic Pattern Scanner. There are a lot of confusion about harmonic pattern. What about the YouTube ? Have any one got YouTube video of testing harmonic patterns ? Unfortunately, many YouTube videos about harmonic pattern success rate can be not trusted for the same reasons already explained. The fact is that you can not backtest the repainting Harmonic Pattern indicator. Fortunately there are many smart people out there. They can not cheat or mislead everyone of us with the false harmonic pattern success rate.

Link to video: https://www.youtube.com/watch?v=wNGiDlhX9do

Harmonic Pattern Bactesting Results Inflated

The repainting Harmonic Pattern indicator or repainting Harmonic pattern scanner do not show the failed patterns in chart. Therefore, it looks really good in the historical chart because you are seeing the collection of successful harmonic patterns only in the historical chart. I think you got it now where these number 80% and 85% success rate are coming from. Most of the high success rate posted in the forum and website are just the success rate of successful patterns from the repainting Harmonic Pattern indicator. This is the unrealistic information. You should quickly falsify them when you see such unrealistic success rate.

Harmonic Pattern Success Rate to question

You might question back to us saying that you found the backtesting results of Harmonic Pattern indicator on YouTube.

Link to Video: https://www.youtube.com/watch?v=GP_ehfuLAWg

In fact, this is our video we put few years ago. We have created the non repainting and non lagging harmonic pattern indicators and scanners for first time in history. We have worked many years to bring the harmonic patterns into the scientific trading. Literally we took many years of ground hitting work because there is no guide or no theory to build non repainting Harmonic Pattern Indicator and scanner. But we have done it. We just did it because we believe that someone must do that eventually.

Even in our products, we have the repainting Harmonic Pattern Indicator as well as non repainting harmonic pattern indicator. Here is the list of facts about Harmonic Pattern indicators and scanners from us for your information. You can compare each Harmonic Pattern Indicator in details.



Is it showing historical patterns ?
Harmonic Pattern Plus Yes
Harmonic Pattern Scenario Planner Yes
EFW Pattern Trader No
X3 Chart Pattern Scanner Yes


showing successful historical patterns in chart only (repainting) ?
Harmonic Pattern Plus Yes
Harmonic Pattern Scenario Planner Yes
EFW Pattern Trader No
X3 Chart Pattern Scanner No


patterns in chart are synchronized with true backtesting results ?
Harmonic Pattern Plus No
Harmonic Pattern Scenario Planner No
EFW Pattern Trader Yes
X3 Chart Pattern Scanner Yes


Visual Backtesting available in strategy tester ?
Harmonic Pattern Plus No
Harmonic Pattern Scenario Planner No
EFW Pattern Trader Yes
X3 Chart Pattern Scanner Yes


Is it lagging ?
Harmonic Pattern Plus No
Harmonic Pattern Scenario Planner No
EFW Pattern Trader No
X3 Chart Pattern Scanner No


Our mission is to bring the benefit of Price Action and Pattern Trading to every trader in Forex and Stock market. But we want to help you to avoid the false and misleading information for the safety of your trading. Anything too good to be true is something to be avoided always. You know that already from your life. In long run, price action and pattern trading really works from our experience and testing results. However, you still need some discipline to unlock the full benefits for your trading.

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