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Attachments: Symphonie Trader System
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Symphonie Trader System

Quoting kashTrader
Hi guys,

I Think the symphonies 5m works wonders. However due to personal commitments I can't be trading full-time. I am looking to go higher 4h would be ideal but i can go down to 1h. Is there anyone who is using these TFs for their active trading? I would be very grateful if you please share your thoughts of how good the system is on theses higher TFs. Please don't misunderstand me, I have a lot of respect for the work done here and symphonies system. I would use it in a flash for 5m time frames.

Thanks

I'm using the 1h TF in all my live trades. it works for me because i can set my fibo targets and walk away for anywhere between 6 and 8 hours. if i miss out on a 1 hour signal, and find the market has started trending for hours before i can get to set an entry, i will look towards the 5 minute chart for entry in order to avoid the whipsaws. As long as i identify the overall trend, then i can still get in even after the market has moved. If you have a target set(limit) then you know exactly how much you will make and you can walk away until it does. One word of advice..Make sure there is no high risk news coming out during your trading session to where you have to be away from the computer for more than +8 hours. The market will be moving rapidly and you will not be there to monitor your trade. I do not set any stop loss until my trade gets to +10. At this point i set my stop at +1. risky yes, but this is my style. 40% of my trades will go against me -30+ pips or more (well over 5%) and close my trade if i have a stop too close, so i allow it to move over 5% of my account before i decide to close, because whipsaws have rapid moves. For me this works fine, keeps me in the trade when the whipsaw has finished it's move. At the same time, if you are trading small lots, your account might not move that much against you. that part all depends on your lot size. i have a small account for the moment so 5% is a bigger loss to my account. In the markets you can expect a 20 or even a 50 pip move against you. but if you have a big account and trade small lots, then 50 pips most likely won't be 5% of your account. I have to be able to endure more than 5% of pain to my account before it moves in my direction(anywhere between 40 and 50 pips). after the whipsaws , the market moves in my direction and starts to put me into profit. but like LHDT and eval says " based on a 1000 dollar account, use x amount of money management" . i do not have a 1000 dollar account yet, so i do not follow these rules. my account is too small to only allow a 30 or 50 pip move against me. i have to endure some pain before the market will move in my direction. this is about 20% or 30% of my trades.
Quoting kashTrader
Hi guys,

I Think the symphonies 5m works wonders. However due to personal commitments I can't be trading full-time. I am looking to go higher 4h would be ideal but i can go down to 1h. Is there anyone who is using these TFs for their active trading? I would be very grateful if you please share your thoughts of how good the system is on theses higher TFs. Please don't misunderstand me, I have a lot of respect for the work done here and symphonies system. I would use it in a flash for 5m time frames.

Thanks
Higher the timeframe = Higher accuracy but less trades. Also means higher SL & TP's but it works.
The thing with higher timeframe, let's say H4, don't close your trades when you are +50 or +80pips because this won't follow your risk/reward plan. This means (again) a risk of higher loss and lower winners (in terms of profit).
#### Follow me at @LioH_ on Twitter ... ####
Quoting Starry
I haven't traded symphony, but im planning on trading 2 hours a day on gbpjpy 1 minute, 5 minute frames. Thats another option if you dont have alot of time, since gbpjpy moves a nice bit at pretty much every hour.
Forget the 1 minute. For this you need other techniques, mainly Support/Resistance & trendlines.
#### Follow me at @LioH_ on Twitter ... ####
Quoting lhDT
Forget the 1 minute. For this you need other techniques, mainly Support/Resistance & trendlines.
Yeah i guess price jumps around too much for indicators and such!
Quoting Evaluator
Just to follow up as I said from my at the end of 2012

 

  1. Post# 15,823

I am starting my new account from 2012 with 10% of its balance and since I have spend all of the rest on tax and fun I better get busy

To poke alittle fun as some posters who do not believe Symphonie performance...here is week 1 of trading in 2013 this is REAL MONEY!!!....(one time post do not look for any more)

Not bad for 1 week....added 20% to my 2013 account making over 500 pips this week.

IT CAN BE DONE....just follow...

Hi

Evaluator,

Many many congratulations on this great start of the year 2013. I am 100 % confidant end of this year your account will cross minimum 150K.

Your success is a great inspiration for me.

You made over 500 pips in last week . please can you tell us in how many trades ( i think 10 as per your data) and in how many and which Pairs you made this profit.

Pleas can you post statement of the last week to understand lot size, pips, and time of entry and exit. so we can figure out our own plan and can match our entry and exit and pips of profit and loss.

I am sure by seeing your detailed statement we will understand how at what time/ price we should have entered and exited and how much max risk we should take.

Regards


Regards
Quoting lhDT
PS : You can have the best strategy in the world (symphonie is a good one) but without a strict money management, you're dead. As simple as that.
Hello lhDT,
wise words and agreed 100% .
cuz
Quoting mkfx
Hi

Evaluator,

Many many congratulations on this great start of the year 2013. I am 100 % confidant end of this year your account will cross minimum 150K.

Your success is a great inspiration for me.

You made over 500 pips in last week . please can you tell us in how many trades ( i think 10 as per your data) and in how many and which Pairs you made this profit.

Pleas can you post statement of the last week to understand lot size, pips, and time of entry and exit. so we can figure out our own plan and can match our entry and exit and pips...
I swear that these systems require some discretion to be profitable, cause otherwise you could just program it! am i wrong?
Quoting Starry
I swear that these systems require some discretion to be profitable, cause otherwise you could just program it! am i wrong?
Every systems needs discretion ! Stop believing holy grail exists !!!
#### Follow me at @LioH_ on Twitter ... ####
Quoting lhDT
Every systems needs discretion ! Stop beleiving holy grail exists !!!

if you learn discipline, and patience then you have already found the holy grail. it's within yourself.
Quoting Starry
I swear that these systems require some discretion to be profitable, cause otherwise you could just program it! am i wrong?

Starry,

Symphonie Trader System is a learned process and requires each new trader to train train train and then test test test to build up their interpretation of markt conditions. Symphonie's indikators are telling you how the conditions of the markt are changing but there is still alot of work that the individual trader must understand and the only way that can be done is for the trader to use it and learn it and beable to react to what the system is telling you and how to react.

Sure there are some robotic features to it but managing the trades, managing your account, proper money managament and account protection are the traders responsibility. The markt will present the opportunities, Symphonie Indikator will help the identify the opportunities but it is up to you to understand what is happening, interpret correctly and then know what to do when it is there.

That is why I keep telling people read ALL of post#1 (all the links) then test and train on demo account until you are confident and can prove it will a track record of usiung Symphonie with success. I recommend atleast 30 days of proven track record of success....4 full weeks of not loss of any pips only gains for the week. even +1 pip but a net gain each week for 4 weeks. Then you might be ready for real trading but not until you can have a continous trackrecord of success consistantly!


Evaluator.:nerd:

P.S. some people it will take longer but that is ok it is a learned process....
Quoting mkfx
Hi

Evaluator,

Many many congratulations on this great start of the year 2013. I am 100 % confidant end of this year your account will cross minimum 150K.

Your success is a great inspiration for me.

You made over 500 pips in last week . please can you tell us in how many trades ( i think 10 as per your data) and in how many and which Pairs you made this profit.

Pleas can you post statement of the last week to understand lot size, pips, and time of entry and exit. so we can figure out our own plan and can match our entry and exit and pips...

mkfx,

As I have stated many times....follow post#1 and all your questions are answered in that post. There is no need to post statements because how I did it are explained in post#1. You are getting to catch up on details...and missing the entire strategy....follow the rules and guidelines and it will become clear to you.

Evaluator.:nerd:
Quoting cuzgeorge
Hello lhDT,
wise words and agreed 100% .
cuz


Glad to see you cuzgeorge!

Evaluator.:nerd:
I am setting up 15 M time frame are there values correct?

I am asking because of tripple digits after the decimal.
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Quoting allisonmagic
if you learn discipline, and patience then you have already found the holy grail. it's within yourself.

allisonmagic,

YOU ARE 100% correct! You (the trader) are '''the Holy Grail'' indikator!

Symphonie just gives you ''the Edge'' but it is you ''the individual'' that is the true indikator of success.

Evaluator.:nerd:
Quoting lhDT
Every systems needs discretion ! Stop believing holy grail exists !!!




I love this part....
Quote
Stop believing holy grail exists !!!


You are 100% correct there is no Holy Grail Indikator because the only Holy Grail exists in you (the individual) not some magical thing that does not exist.

Evaluator.:nerd:
Quoting Evaluator
mkfx,

As I have stated many times....follow post#1 and all your questions are answered in that post. There is no need to post statements because how I did it are explained in post#1. You are getting to catch up on details...and missing the entire strategy....follow the rules and guidelines and it will become clear to you.

Evaluator.:nerd:
Thanks Evaluator i will follow your guidance.

Best Regards
Hi Evaluator,

in post 15822 you mentioned that


Now It follows the same rules as post #1 however, instead of immediate order entry at signal. I place a pending order that is usually 5 pips away and let the markt come to me. Exit rules follow post#1 but exit on first candlebar colour change. I also exit on Trend changes as well.

I am confuse on 5 pip away means what

suppose if there is buy signal , you place order signal price + 5 pip buy order , or signal- 5 pip ( to buy on pull back)

Regards
should have seen this a long time ago. i'm long eur/jpy at 119.940, targeting 122. area
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Hi Eval, as the new Symphonie 4.4h is not a repainting indicator, does the Exit Strategy One, Two and Three rules still apply to this new addition of the Symphonie 4.4h?
Quoting mazprofx
Hi!

LhDt,

You are taking me wrong I risk 5% but it is very much safe in my opinion and I don't sit in front of the computer screen at all and all my trades are perfectly analyzed and I enter all trades with Pending orders and places take profit appropriate so that I can atleast catch around 75% move of the trend.

I know 5% is large but I think it is quite safe, I just want to give my trades enough room to grow, as I am trading on H4 timeframe I cannot...
Hi Mazprofx,
Could you please post your settings for the 4H time frame...I would like to test it a little....Thanks
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