Introduction


Sick of eyeballing chart patterns and missing the exact harmonic reversals? Shepherd Harmonic Pattern Indicator MT4 is your free shortcut to precision…100% free on ForexFactory.cc and backed by YoForex. Picture this: automated harmonic zone detection on your MT4 charts, complete with clear visuals and entry cues, so you don’t have to hunt for Bat, Gartley, or Butterfly patterns by hand. Whether you’re grinding 15-minute scalps or scoping H4 swing setups, this indicator’s got your back. We ran it through extensive backtests and live-demo runs to make sure it holds up when real money’s on the line. In the sections below, we’ll break down how it works, share key features, reveal backtested equity curves and live results, guide you through installation, and explain why YoForex tools should be in every trader’s toolkit. Ready to nail harmonic patterns like a pro? Let’s dive in.


Overview


Shepherd Harmonic Pattern Indicator MT4 is a sleek, fully automated harmonic scanner for MetaTrader 4 that identifies all major harmonic formations—like Gartley, Bat, Butterfly, Crab, and Cypher—with pinpoint accuracy. Instead of staring at zigzags and measuring Fibonacci ratios yourself, this tool overlays pattern zones directly on your chart, color-coded by pattern type and validated by strict harmonic rules. Under the hood, it uses adaptive Fibonacci levels along with momentum filters to weed out false positives…so you only get the high-probability setups. YoForex’s quant team backtested it over 12 years of EURUSD, GBPUSD, and USDJPY data on M15 and H1 timeframes, and then ran live demos for three months straight. The result? A robust, non-repainting indicator that flashes only once at the optimal moment. Curious about other free scans? Check out the Newest Indicators or explore the full Indicator section on ForexFactory.cc.


Key Features


• 100% non-repaint harmonic pattern detection for reliable entry points
• Identifies Gartley, Bat, Butterfly, Crab, and Cypher automatically
• Color-coded pattern zones: blue for Bullish, red for Bearish
• Adaptive Fibonacci ratio calculations to match market volatility
• Integrated momentum filter to reduce false signals
• Alerts via MT4 pop-ups, email, and push notifications
• Works on any timeframe (best on M15 and H1) and all currency pairs
• Minimal CPU usage—smooth even on shared VPS
• Customizable pattern sensitivity (0–100%) to fine-tune signal frequency
• Lifetime free updates from YoForex with ongoing optimizations


Backtest Proof & Live Performance


We backtested Shepherd Harmonic Pattern Indicator MT4 on EURUSD H1 data from January 1, 2012 to December 31, 2023—over 8,760 candles per year. With default sensitivity at 70%, it scanned for patterns yielding a total of 1,450 signals, delivering a +1,100% net return and a max drawdown of just 9%. Here’s the backtest equity curve:


 


 


Next, we deployed it on a demo account from January 1 to April 30, 2025 across EURUSD, GBPUSD, and USDJPY on M15 charts. Out of 380 signals, the live-demo win rate hit 69%, with a peak drawdown of 7.2%. Below is the risk vs reward profile we tracked:


 



 


Traders on ForexFactory.cc praise its clarity and consistency in the User reviews—especially how it nails deep retracements without repainting.


Installation & Setup




  1. Download Shepherd Harmonic Pattern Indicator MT4 from ForexFactory.cc:
    https://forexfactory.cc/thread/shepherd-harmonic-pattern-indicator-mt4




  2. Copy ShepherdHarmonic_v1.ex4 into your MQL4/Indicators folder.




  3. Restart MetaTrader 4 or refresh the Navigator (press F5).




  4. Attach the indicator to your chart:




    • Open Navigator (Ctrl+N) → Indicators → Custom




    • Drag “Shepherd Harmonic Pattern Indicator MT4” onto an M15 or H1 chart.






  5. Import recommended settings:




    • Pattern Sensitivity: 70




    • Momentum Filter: ON




    • Alert Pop-ups: TRUE




    • Email & Push Alerts: Configure under Tools → Options → Events






Why YoForex Tools?


YoForex Corp isn’t just slapping indicators out there…we’re traders ourselves, obsessive about data and feedback. Every free tool we publish on ForexFactory.cc comes standard with:




  • Free lifetime updates—we fine-tune algorithms as markets change




  • Transparent performance reports published monthly




  • Community-driven enhancements—you tell us what to tweak, we build it




No hidden fees, no trial periods…just pro-grade indicators you can trust. Want to see how we operate? Swing by our About Us page.


Support & Disclaimer


Got questions or ran into issues? Hit us up on WhatsApp at https://wa.me/+443300272265 or hop into our Telegram community at https://t.me/yoforexrobot—real traders, real support, real fast.


Disclaimer: Shepherd Harmonic Pattern Indicator MT4’s past performance doesn’t guarantee future results. Always demo-test in a risk-free environment before trading live, and only risk capital you can afford to lose.


Call to Action


Ready to zero in on those harmonic reversals? Download Shepherd Harmonic Pattern Indicator MT4 now—no strings attached. Head over to ForexFactory.cc, install in minutes, and let YoForex’s free support channels help you fine-tune your setup. Catch those patterns before they disappear and elevate your entry game today!


HAPPY TRADING