Money Management with Harmonic Patterns

Money management is number one important skills in growing capital. You can consider that it is almost impossible to grow your capital without applying good money management in Forex market. When you trade with harmonic patterns, this is not an exception.

Setting up the sensible take profit and stop loss are important part of money management for harmonic pattern trading. Here is a useful article showing how to resize your stop loss and take profit with harmonic patterns.

The same principle can be applied for BAT, Gartley, Butterfly, Shark Pattern, Three drives, 5 to 0, etc.

https://algotrading-investment.com/2019/03/22/automatic-resizing-your-stop-loss-and-take-profit-level-with-harmonic-pattern-plus-harmonic-pattern-scenario-planner/

You can apply the same manuals for both harmonic pattern plus and Harmonic Pattern Scenario Planner.

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

http://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/