i have thrown away my pride so i have the courage to hit stoploss when it's due.
i had 6 months to curse symphonie. only to realize it was me who was not paying attention. and then i found my peace. and feels like a breathe of fresh air.
IHDT How about to have arrow idic in 1.9 ?
PS: Yelena rules post #7309
it is too fast in M5 and too slow in M15 in fast market and too fast in ranging market. and entirely too slow in M30. the arrow is a specialised DPO, it doesn't capture momentum fast enough the way symphonie can. DPO is always used with something else.
try LFH for January 2012. 66% of it are losing trades. i simulated 6 months in EU, AU and AJ. i made my due diligence. but you may go ahed and try. ill try again and let you know my results til time Jan 2011 to Jan 2012
I am using a simulator on the 1.9Beta template I created earlier for Yelena on the MT4 strategy tester and it seems odd but, all the 4 upper criteria change appropriately on the M5 chart with the exception of the H1 column. Can you confirm this and if it is similar for you, tell me if there might be a resolution to this?
I am using BackTestTrader_Ron_v01c.mq4 as my simulator if that is an input you might need. It can be found at http://www.forexmt4.com/BacktestTrader/.
BTW, the CPU impact of this versus having two charts up on my system is helping (meaning it takes less CPU %). Converging the H1 signals onto the M5 chart fits with the way I would like to trade this and it frees additional windows for other pairs. Thanks so much for all the fine work you have done here. I for am certainly grateful
Three Keystones to Successful Trading
There is a big difference between successful forex traders and those that seem to loose all the time. Believe it or not it is not a question of how many trades you make, how fast your computer is, your broker, your internet connection speed or any other external factors that you may think important. It really comes down to three basic factors that determine winners and loosers. The faster you can realize these factors and adjust your personallity to meet them the faster you are on the road to being a consistant winning forex trader. You can read it in the posts of the ones who are successful as it shines through on all their post regardless of how good or bad there grammar skills. Basically, it comes down to the below three factors;
Foundational Keystones to successful Forex Trading:
1.) Confidence in the System and Symphonie Signals....one must have confidence and trust in the system and the signals it provides or else you will second guess and then price action will just take your money. Stop trying to change a System that works. Stop trying to make it better because that means you have no trust in the systems in its functions. There was a reason it was written in the first place and that is because it works! So, before you change it, first play the game as it was written and just follow the rules as they are set. The moment you second guess or try to jump the signals is the moment you make a loosing trade that cost you money! Let the System bring the pips to you and never, never, chase price action!!!! It may hurt to see a huge price move and you are mad because you are not in it but the moment you enter, if you miss a signal, is the moment it will change direction and cost you. Patience! Trust me on this one. Wait for the signals and TRUST THE SYSTEM.
2.) Self-discipline......it is important for you to take or develop trading rules and then STICT to the plan. The moment you break those rules is the moment your trading becomes unstable and not consistant. One MUST have the discipline to stay to the plan rules, PERIOD! If you find yourself always on a loss then you are not doing something correctly or you have a flaw in your rules and you need to re-evaluate but once you develop the plan you must stay with it. If you need a firm foundations then that is what post#1 provides you...........a plan for Trade Signal, entry, money management, account protections, and exit. That is why I wrote it because that is my plan and I trade it just like a robot showing no emotion just action according to the programming of the trade plan.
3.) Trust and Confidence in yourself......this is the last but it is the most important! If you have no confidence in your own abilities and yourself then why bother. You will always be second guessing your actions and exit leaving the majority of the profit on the table and even worse exiting too late and have larger losses. You must have confidence in ones ability to keep to numbers 1 & 2 or the entire exercise is for nothing. All you will do is allow the market drivers of FEAR and GREED to drive you into a empty account balance. Have confidence in YOU because no one else will and that is all that really matters in the long run. If you have confidence in YOU then YOU will prosper because the System Confidence and Discipline will come naturally and Forex trading will become fun!
Those are the ''big three'', in my opinion, they are game starters and stoppers; before you even starts the Metatrader program. If you are having problems with any of the above three then you need not be in the market. Develop these three FIRST before you even sit down and turn on your computer or else you WILL be doomed to failure.
Ver 1.9Beta Template
Evaluator or anyone else, can you please post a template that is using version 1.9 Beta like you used to do in the past? It would really help some of us who are not so good at manipulating MT4 but stick to the symphony signal rules.
Thanks in advance
+ ARROW indik that RealJumpers is using
PS:As Yelena recomand in his/shes post to take trade on 5 TF in the direction of Arrow indik show on 1H Tf
This is a beta version....the setting on mine are just like post #1. Until there is a finished version there are no correct settings for Symphonie Signaler v1.9.
I am sure the optimal setting for it will be the default settings when ldHT releases an official final ''non beta'' version 1.9. Until then it is all in flux and up to you as to the settings you wish because no one currently knows what are the best ones to use as of today.
The arrow is the "arrow.mq4" indicator right ? Or maybe something else ?
Yelena, the arrow you are using is that one ? If yes, if you have a RED arrow on H1, you will only take trades in the direction of that arrow in M5 ? But only in H1 ?
I tough you was using H1 Symphonie signal (all 4 indicators) for the trade direction.
Edit : If yes, I would need the arrow.MQ4 version, or at least the method used (MA's probably) to plot those arrows.
I was very Lucky to have the best foundation trading at the London stock exchange and all these areas were covered in detail as without any one of these skills you are doomed to fail..The guys there chant and prepare themselves before the open and the floor manager is always reminding the traders of the golden rules of trading and the qualities needed you mention above,
maybe there is someone who could code a SYMPHONIE sentimenEmotion
Combi indicator v1.0 ( #1579 ) and Symphonie_Market_Emotion_Indicator in MTF version ...
so that we can take the signals in the TF M 15 directly to the TF M 5 ...
thanks in advance
on 20-pip SL
on this day, feb 22nd the day of reckoning, with my SL i got sliced at -138pips and the 20-pip SL at -220pips
of course it all boils down to how many consecutive losses you are willing to take. but just say, you have the trigger happy fingers or following the rules mechanically and throwing the most logical and basic of all - common sense
symphonie recommends 50 pips. if you dont have any better idea on how to put a stop loss, then 50 allows a good breathing space.
technically, if i employed 50 pips SL here i would have not had to initiate SL, and return with 2 successful trades.
just my 2 pips. but im a noob so please take everything i say with a grain of salt.... make it a sack of salt esp if you are a seasoned trader. i can only speak of my experience, not even of text book knowledge, coz i have not read one
The two most common words used when referring to the wisdom of hindsight.....which is 20/20.
M5 arrow + H1 arrow
yeap only using arrow in H1 and M5 symphonie signals to that direction
to the rest:
i considered this combo. until i utterly failed. and then i repeated the simulator - and utterly failed again in M5, M15, M30 + H1. true it can get you in faster. but it also puts you in precarious situations
our ultimate aim is to get into quality trades. this week i had only 1 losing trade with -10 pips
please look at the attachment on that area with the oblong, i received M5 arrow buy signals. lucky it went up, actually i got the best prices! but if this was a reversal i would have to liquidate losses that i should have never incurred "if and only if" i have taken M5 symphonie signals which was just the bar after... patience
the thing is the market is so unpredictable that only calculated risks should be taken.
else you'll find yourself guessing whether you will enter or not. "guess" / "guessing" is not in the successful trader's dictionary. not saying i am a successful one..... yet........
yes, you know know that i double the MM-sized orders once i receive symphonie signals in both M5 and H1 (not just arrow from H1), because im so confident on the signals. for heaven's sake, if next week will be your first time to test this hybrid system - do not do that - yet practice first and allow me to harvest those pips.... lol.... told u im selfish, not in the habit of giving back pips. i have my emergency exit just in case the system fails...... which it has not.... so far....
for now, just follow the basics on the previous page. true, i practice a tiny-little-more-precise system in H1 (else i would have not gotten the 3481 price). i do not rely on the arrow in H1. but seeing it there pop-up a few bars after gives me the boost i need. i recommended the spikes and a contributor immediately PM'd me of the heavy repainting issue.
i suppose i had longer months to deal with it. nevertheless, the arrow is the closest it can get - visually.
and there's something else - STOP TRADE - i do not have any sufficient knowledge on pivots, s&r but i execute STOP TRADE when i encounter the obvious: either
1. i have hit my daily pip target
2. consolidation in H1
whichever comes first.
yes i know i break this too whenever i see perfect set-ups. only human. trying to practice the discipline to stick to the plan. still a noob.
remember: successful exits.
just skimmed through half of this thread.. bravo and well done
This is the most complete system that I've ever come accross on a free board for that matter.
it really takes the emotion out of trading and really gets us out before a trade goes too far against us. I'm only demo testing this right now as my live account has seen very minimal results from other methods of trading but my first two trades off the 15m have been for a profit of 93 pips with minimal drawdown..
again.. hats off to everyone here you guys might take the cake when it comes to trading evolution.
also trying to use strategy tester for this but the symphonie matrix seems to repaint badly during it.. all of them repaint too not just "extreme" but "emotion" "trend" and "sentiment" repaint the past bars as well. any comments regarding this?? I thought the cycle was the only one that repaints.. during strategy tester it repaints the past signals as well.
and will the matrix repaint the signals in real time?? or is that just the cycle indicator which is only on rare occasion
Market making news comes in after trading closes on Friday!!!!
MOODY'S DOWNGRADES GREECE TO C FROM Ca
So now it is official...Greece according to the largest credit rating company in the world is in D E F A U L T!!
I imagine that Sunday market open the EURUSD will gap really far to the downside.....then should continue to fall with each new market open time occurs.... I hope no one has a long EURUSD position open because those positions will be losses. Also, I would stay far away from buy the gap open as some people like to do because this maybe a game changer for the Euro.
Now that Greece is a default rated nation that violates the terms of the Treaty of Lisbon which was the creating document of the EU. Next comes a vote in Brussels to ask the country of Greece to leave the EuroZone trading group. But I imagine that will not happen until full blown default on 20 March or 17 short days from now.
This next trading week looks to be full of great opportunities for all you Euro Bears out there as the Bear emerges from his cave........ ROARING!
The idea now is to go long at open and waiting the gap to be filled then shorting again to take train.
We'll see on monday !
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