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Attachments: Ci/symphonie extreme similarity explained!
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Ci/symphonie extreme similarity explained!

  • Post #1
  • Quote
  • First Post: Edited Nov 22, 2014 10:23am Nov 21, 2014 11:19am | Edited Nov 22, 2014 10:23am
Hello guys,

I'm back from a short hiatus from FF. I have had a load of PM's regarding the similarity CI method, wheather I still use it and if I can explain it deeper.

Me explaining this concept is not me agreeing with what eurusdd has done, which is a huge shame as some of his concepts were good, some appeared to be flawed, but let's not dwell on what has happened and experiment.

So I am taking this opportunity to address those questions. No, I haven't used it recently, but when I did I made some good profit, but noticed it was flawed in trending markets. I have applied just a simple logic not to get caught out in strong trends.

I don't claim this to be the "holy grail", but it can be very useful, especially if you use good R:R. You can apply SL ideas if you want to.

Please keep the discussions clean and not resort to silly arguments

RULES

1) Both CI's have to be in agreement for their to be a main trend change
2) When there is a dissimilarity on the smaller CI indicator against the direction of the main trend that is the level for price to come back to

This is the important part for not getting caught out
3) Only acknowledge valid main trend changes are when the bigger CI is not a major spike (minor spike)

Note: Red and green spikes are majors, non coloured spikes are minors

The CI settings example - Small CI= 1-x-4
Big CI= 1-2x-4

Please don't ask for optimum settings as CI settings will differ from each broker.

Attached is the extreme spike indicators, if any coder out there could make them run more efficiently, please do!
Attached Image (click to enlarge)
Click to Enlarge Name: ex28.PNG Size: 32 KB
Attached File(s)
File Type: ex4 Cycle Identifier wHistory_SpikeSize 600.ex4   35 KB | 2,945 downloads
File Type: mq4 Cycle Identifier wHistory_SpikeSize 600.mq4   29 KB | 3,266 downloads
File Type: ex4 Symphonie Extreme Indicator v2 600.ex4   35 KB | 3,032 downloads
File Type: mq4 Symphonie Extreme Indicator v2 600.mq4   29 KB | 3,532 downloads
File Type: tpl CI.tpl   3 KB | 2,187 downloads
File Type: tpl Symphonie.tpl   3 KB | 2,238 downloads
Known as ''CI king''

Good luck with this thread mate.
Not about how much you win, but how much you loose
Quoting Ullen
Known as ''CI king'' Good luck with this thread mate.
Thanks!
Quoting Madmoney
Hello guys, I'm back from a short hiatus from FF. I have had a load of PM's regarding the similarity CI method, wheather I still use it and if I can explain it deeper. Me explaining this concept is not me agreeing with eurusdd has done, which is a huge shame as some of his concepts were good, some appeared to be flawed, but let's not dwell on what has happended and experiment. So I am taking this opportunity to address those questions. No, I haven't used it recently, but when I did I made some good profit, but noticed it was flawed in trending markets....
HI

I have question that mismatch(red line) in screenshot is SELL signal or not?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 111 KB
Love for all; Hatred for none.
Quoting aahmad29
{quote} HI I have question that mismatch(red line) in screenshot is SELL signal or not? {image}
No this is a bullish signal.
Attached Image (click to enlarge)
Click to Enlarge Name: ex29.PNG Size: 231 KB
Quoting Madmoney
{quote} No this is a bullish signal. {image}
so this was behind these? http://www.forexfactory.com/attachme...6&d=1405527552
Subscribed.
Quoting Madmoney
{quote} Thanks!
Hi Madmoney

What do you think?

When short signal (Green Line) is there, we have to wait until Symphonie indicator gives us Sell signal (Red Line).

We can set two TP
1. Yellow line where mismatch occur
2. Opposite signal by Symphonie (Blue Line)

Sorry if I change anything here in your idea, it was just my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 121 KB
Love for all; Hatred for none.
is that repaint?
  • Post #10
  • Quote
  • Edited Nov 22, 2014 4:04am Nov 21, 2014 11:01pm | Edited Nov 22, 2014 4:04am
Please Share the template for the above given indicators.

Thank you.
Quote
Please don't ask for optimum settings as CI settings will differ from each broker.

How did you optimize for your broker so we can optimize for ours?
Quoting Madmoney
Hello guys, I'm back from a short hiatus from FF. I have had a load of PM's regarding the similarity CI method, wheather I still use it and if I can explain it deeper. Me explaining this concept is not me agreeing with what eurusdd has done, which is a huge shame as some of his concepts were good, some appeared to be flawed, but let's not dwell on what has happened and experiment. So I am taking this opportunity to address those questions. No, I haven't used it recently, but when I did I made some good profit, but noticed it was flawed in trending...
Madmoney thanks for strating this thread. But it seems that your rules here is different than on the similarity thread.Thanks!
Before any Things that I can share here I want to say
Thanks for Eurusdd and his Similarity thread and also thanks for all Sub-thread which this one is one of them
Thanks my friend Madmoney for your contribution
I'm not a programmer and i don't like ! , but only I try to catch my view !
Hi MadMoney,

thanks for answering my pm this way. .
But for your style of trading CU/similarity doesn't fit!? Do you think that someone can be profitable on the long run even in times when the market is noticeable trending?

thanks
hila
Quoting vladutz112
{quote} so this was behind these? http://www.forexfactory.com/attachme...6&d=1405527552
No.

Quoting aahmad29
{quote} Hi Madmoney What do you think? When short signal (Green Line) is there, we have to wait until Symphonie indicator gives us Sell signal (Red Line). We can set two TP 1. Yellow line where mismatch occur 2. Opposite signal by Symphonie (Blue Line) Sorry if I change anything here in your idea, it was just my opinion. {image}
If you trade that way, you are asking for trouble, repainting becomes a major issue

Quoting QueFx
Please Share the template for the above given indicators. Thank you.
All you have to do is add the two indicators to the chart and play around with settings, but I will do that anyway.

Quoting suberizedwrx
{quote} How did you optimize for your broker so we can optimize for ours?
You have to play around with the settings, I merely used those settings as an example. As I said it will be different from each broker.

Quoting mario777
{quote} Madmoney thanks for strating this thread. But it seems that your rules here is different than on the similarity thread.Thanks!
Yes correct, this way the repainting is less of an issue.

Quoting hilavoku
Hi MadMoney, thanks for answering my pm this way. . But for your style of trading CU/similarity doesn't fit!? Do you think that someone can be profitable on the long run even in times when the market is noticeable trending? thanks hila
I believe it can be of use, if good R:R is used, I didn't say it doesn't fit my trading, I just have something better to focus on.
Quoting Madmoney
{quote} No. {quote} If you trade that way, you are asking for trouble, repainting becomes a major issue {quote} All you have to do is add the two indicators to the chart and play around with settings, but I will do that anyway. {quote} You have to play around with the settings, I merely used those settings as an example. As I said it will be different from each broker. {quote} Yes correct, this way the repainting is less of an issue. {quote} I believe it can be of use, if good R:R is used, I didn't say it doesn't fit my trading, I just have something...
Yes repainting is always a major issue. For my knowledge, I have question about Symphonie indicator that if top and bottom points repaints, do they leave dots on the chart to show previous position as it is shown in screenshot? If it is not then what are those dots?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 133 KB
Love for all; Hatred for none.
Quoting aahmad29
{quote} Yes repainting is always a major issue. For my knowledge, I have question about Symphonie indicator that if top and bottom points repaints, do they leave dots on the chart to show previous position as it is shown in screenshot? If it is not then what are those dots? {image}
Only the repainted major spikes leave behind dots.
Quoting Madmoney
{quote} Only the repainted major spikes leave behind dots.
Is it possible to track (like leaving dots) minor spikes?
Love for all; Hatred for none.
  • Post #19
  • Quote
  • Edited 10:11am Nov 24, 2014 9:59am | Edited 10:11am
Thanks for sharing the templates, and I have tested it all the day. But not satisfactory result found. It can be very dangerous for trading.
I observed that when the price touch the High of the last candle, the similarity disappear or repaint. We can not take any trade on behalf of similarity explained here.



Regards,
Quoting QueFx
Thanks for sharing the templates, and I have tested it all the day. But not satisfactory result found. It can be very dangerous for trading. I observed that when the price touch the High of the last candle, the similarity disappear or repaint. We can not take any trade on behalf of similarity explained here. Regards,
Please show a screenshot
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