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Symphonie Trader System

  • #41
  • Sep 21, 2011 7:21am Sep 21, 2011 7:21am
Quoting Evaluator
No. it is a combination of 4 indicators where each indicator represents different segments of market price action. (trend, momentum (long and short), and sentiment).

Think of it as walking down the street. The Road is the trend, the wind is the momentum, the leaves swirling around is another form of sentiment, and the road intersection you reach is the extreme points.

Those 4 will determine which way the price action is headed (up or down).

I hope this is understandable to you if not, just ask more questions and I will try to answer as best...

Hi, Please confirm the settings/inputs of your cycle identifier, we are not getting the same results as you.
Attached Image (click to enlarge)
Click to Enlarge Name: cycle.GIF Size: 52 KB
  • #42
  • Sep 21, 2011 7:31am Sep 21, 2011 7:31am
Just a word of WARNING.......

Today is FOMC rate decision day. Market will not act normal until after the rate decision. Therefore, the SEFC Cycle Trading System will show false signals the closer you get to the rate decision due to the market manipulative powers of the FED.

I make no guarantees during period of extreme market change and heavy event risks that can cause the market to change directions for no apparent reason.

The closer we get to the


18:15

LIVE

http://www.dailyfx.com/design/fxcm/i...2/flag-usd.png USD Federal Open Market Committee Rate Decision (SEP 21)18:15GMT or 14:15EST

the more erratic the market will become as participants stop trading and watch for news from the FED on their rate decision and economic outlook.

Becareful trading this kind of event risk. My suggestion would be to stop trading 2 hours before the rate decision.

If not.....then trade with care.
  • #43
  • Sep 21, 2011 7:32am Sep 21, 2011 7:32am
Quoting stricky1967
Hi, Please confirm the settings/inputs of your cycle identifier, we are not getting the same results as you.
Refresh your chart (change the TF)

cheers
  • #44
  • Sep 21, 2011 7:34am Sep 21, 2011 7:34am
Quoting stricky1967
Hi, Please confirm the settings/inputs of your cycle identifier, we are not getting the same results as you.

I am in the 5 min window. Are you? I have not changed any of my indicator settings from the settings that are preset from the first post.

My graphs are from the 5 min EURUSD timeframe.
  • #45
  • Sep 21, 2011 7:37am Sep 21, 2011 7:37am
Quoting Evaluator
I am in the 5 min window. Are you? I have not changed any of my indicator settings from the settings that are preset from the first post.

My graphs are from the 5 min EURUSD timeframe.

Yes, EUR/USD 5m

would you mind checking and posting the inputs please
  • #46
  • Sep 21, 2011 7:44am Sep 21, 2011 7:44am
Quoting stricky1967
Yes, EUR/USD 5m

would you mind checking and posting the inputs please
Per your request;

I have taken screenshot of the 4 indicators I am running with the input values. These settings should match up with what you have on your pc. If not, change settings to match or reload the indicators from the first post. Also, you might want to consider restarting your metatrader. (maybe restart computer)
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 9.jpg Size: 150 KB
  • #47
  • Sep 21, 2011 7:56am Sep 21, 2011 7:56am
Quoting Evaluator
Per your request;

I have taken screenshot of the 4 indicators I am running with the input values. These settings should match up with what you have on your pc. If not, change settings to match or reload the indicators from the first post. Also, you might want to consider restarting your metatrader. (maybe restart computer)

OK tried a restart and a reboot, still the same my chart is different to yours, far more 'spikes' on the cycle identifier, hows everybody elses?

In post #36 you have 6 spikes and in the same period I have 45

Do you have the filter set to 'TRUE' ?
  • #48
  • Sep 21, 2011 8:16am Sep 21, 2011 8:16am
I've looked into the code of the SEFC BullBear Indicator.
It isn't a bull-bear indicator but a repainting version of the fisher-transform.

Just for info
  • #49
  • Sep 21, 2011 10:31am Sep 21, 2011 10:31am
Quoting Evaluator
An extreme spike is a colored spike where price action in the trend has reach an extreme point that indicates a change in direction maybe occuring. While it is an indication of a top or bottom to the trending pattern has been reach it should not be treated as an absolute until confirmation of the momentum and trend line indicators point in the same direction.

See graph for example of extreme points.
If I could just clarify this, you may get several spikes that are not classed as extreme but we would only be looking for coloured spikes to class it as extreme?
Your Attitude Determines Your Altitude
  • #50
  • Sep 21, 2011 10:57am Sep 21, 2011 10:57am
Quoting stricky1967
OK tried a restart and a reboot, still the same my chart is different to yours, far more 'spikes' on the cycle identifier, hows everybody elses?

In post #36 you have 6 spikes and in the same period I have 45

Do you have the filter set to 'TRUE' ?
Looking at your screenshot it appears to be zoomed out more than mine. That may be the issue.
  • #51
  • Sep 21, 2011 10:58am Sep 21, 2011 10:58am
Quoting chjungen
I've looked into the code of the SEFC BullBear Indicator.
It isn't a bull-bear indicator but a repainting version of the fisher-transform.

Just for info
chjungen,

Could you post the indicator here so I can....''evaluate'' :nerd:

thanks much.
  • #52
  • Sep 21, 2011 11:02am Sep 21, 2011 11:02am
Quoting forexnutter
If I could just clarify this, you may get several spikes that are not classed as extreme but we would only be looking for coloured spikes to class it as extreme?
That is CORRECT! The spikes with color bars in them blue for up pink/red for down are the extreme points you want to pay attention to. At those points, the indicator is telling you that a top or bottom maybe forming and to begin looking for the other 3 indicators to give you confirmation of a trend change.

When all 4 indicators line up, at the close, of that candlestick you make your order. (I use a 50pip stoploss with each order)
  • #53
  • Edited 11:41am Sep 21, 2011 11:04am | Edited 11:41am
My apologies for the late posting but if you were watching the EURUSD there was a BUY signal and if you took it you are ''in the Money''

(see graph below)

P.S. I bought EURUSD at 1.36726

UPDATE:

Topping spike recorded. Closed BUY order at 1.37434 taking 70 pip profit!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 10.jpg Size: 159 KB
  • #54
  • Sep 21, 2011 11:29am Sep 21, 2011 11:29am
Quoting Evaluator
chjungen,

Could you post the indicator here so I can....''evaluate'' :nerd:

thanks much.
sure:
Attached File(s)
File Type: mq4 Fisher_Yur4ik.mq4   2 KB | 2,562 downloads
  • #55
  • Sep 21, 2011 11:32am Sep 21, 2011 11:32am
Just a word:

Please remember that this is a total system and do not get hung up on watching just one of the indicators. All 4 indicators work together like a symphony to make music. Alone they are weak but when put together they are complete and make beautiful music.

So, here is the way I view and use the 4 indicators:

First (cycle indicator) is the Extreme indicator that looks like a heartbeat. This tells you when price action has reached an extreme and the overall movement MAYBE ending and about to change direction. It can also help guide you through periods of consolidation before the market continues on it path. It is very powerful but when used alone it can be highly unpredictable because it looks at extremes. So, keep that in mind.

Second comes the momentum major (SEFC bullbear indicator), this shows the sentiment of the marketplace on price action and which way the feeling of the marketplace is headed. This is like booster or maneuvering rockets. It support or it can suppress an extreme.

Thrid and followed closely is the excitement indicator (goldminer indicator) this tells you the emotion and excitement levels of the price action and how excite the market is to change. It is emotional and irrational but I think of it like leaves in the wind....the wind may blow one direction but the leave move all over the place generally follow the direction of the wind. This indicator acts like a booster steroid to sentiment.

Fourth is the trending (MTEI Supertrend indicator) this is usually the last one to change indicating that there is new trend in the market that now has the sentiment and excitement to carry the price action in the same or different direction. However, this is not the deciding factor. A trend may change but if the market has not excitement or strong sentiment in the trend change then the directional trend change will quickly change.

SO, there you have it. That is how I view all 4 indicators. Alone they are nice but together they can provide you with powerful, reliable market strategy for entry and exit in your overall FX trading strategy.

P.S. Tip. When I place an order and it reached 20 pips I move my stop 3 pips in front of my order position. That way I always make alittle money if the market moves against me.


Happy Trading.......................
  • #56
  • Sep 21, 2011 11:38am Sep 21, 2011 11:38am
Quoting chjungen
sure:
Thanks chjungen!

I will run it along side the other. Although, I must say I have not had any repainting issues withe SEFC BullBear indicator.
  • #57
  • Sep 21, 2011 1:12pm Sep 21, 2011 1:12pm
God afternoon

Trade gbpusd : open 1.56346 sl 1.56194 (below supertrend) TP 1.5680. target!
Regards
Julio
  • #58
  • Edited 10:49pm Sep 21, 2011 1:28pm | Edited 10:49pm
FOMC results in Operation Twist falls in line with SEFC Cycle System call of EURUSD Top. Results of closing candle creates SELL Signal @ 1.37283.

Sell Order taken at candlestick close.....

UPDATE:
Currently, the price is 1.35914 and dropping. no sign of extreme yet.....wooo hoooo!!!

UPDATE2;
Extreme spike signal generated at candlestick close of 1.35972 (this would be exit signal for order) However, given the nature of the drop being due to FOMC event. I will let this run until trendline indicator changes. In other words, this could be consolidation for another push down before the real extreme point is reached. If not, then I will close order when trendline changes color from red to blue. I will keep you posted!

UPDATE3:
Just as I suspected. The EURUSD continues to drop again currently at 1.35650 and continues to drop.

FINAL UPDATE:
Two indicators have turned blue or indicating uptrend. Closed SELL order at candlestick close of second indicator @ 1.35664.......PROFIT of 161 points!!!!! WOOOOO HOOOO!
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 11.jpg Size: 156 KB
  • #59
  • Sep 21, 2011 4:36pm Sep 21, 2011 4:36pm
It appears that a retracement of the FOMC drop maybe about to occur.

We have Extreme Spike and Momemtum (short and long) direction changes showing. (see graph)
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 12.jpg Size: 172 KB
  • #60
  • Edited 5:34pm Sep 21, 2011 4:47pm | Edited 5:34pm
I started a demo account last Tuesday and began trading strickly the SEFC System and wanted to pass on the result of my first full week of trading this system. (see below) I must say I am happy with the results.

I have been using a money management system ratio of 10 to 1.

This means for every one thousand I add 0.10 lots to my total tradeable lot size max.

So, I started trading a max lot size of 0.30 and increasing the lot size by 0.10 per 1k of increase in profit to the account. As you can see, I am now trading max lot size of 0.60.

In my 5 years of Forex Experience, this is the very first system that I have had this type of results after 110 trades. Usually, my evaluations turn up that systems that run 30% to 40% right trades to 60% to 70% bad trades. I do not post these results to boast. I post them to show you honest returns I am having trading this SEFC Cycle System.

I am still searching for the ''gotcha'' moment where the system fails. Therefore, I again ask for any and all comments or paste your trade results while using this system so we can together find the holes and fix them.
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Trading Stats.jpg Size: 138 KB
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