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Symphonie Trader System

  • #361
  • Sep 27, 2011 6:01pm Sep 27, 2011 6:01pm
Quoting Evaluator
mark0529,

Goodjob!

eval.
Thanks my eval,

All credits to you, my mentor, and other contirbutors.
  • #362
  • Sep 27, 2011 6:26pm Sep 27, 2011 6:26pm
Hi guys this is my first message here.
Firstly thanks to everyone who is /has contributed to the thread, great system.
The repainting of the spike i dont see as an issue as the market will always make new lows and high so the spike has to follow.

Do you trade other pairs as successfully as the EU?. I see other members have traded various currrencies with it seems fair results.

I am happy to stick with the EU for now till i get totally familiar with its workings.

Thanks again
  • #363
  • Sep 27, 2011 6:34pm Sep 27, 2011 6:34pm
Could some bright spark please take the triggerlines mq code from post 225 and add an alert when the colour changes?

It would be a real help!
Enter Signature
  • #364
  • Sep 27, 2011 6:47pm Sep 27, 2011 6:47pm
Regarding the repainting issue, I don't think it will ever be able to be stopped. As has been pointed out here before, if a new 'high' painted, and then a short consolidation period follows, then an even higher 'high' is painted, then the indi will re-paint. When you think about it, it *should* re-paint because the indi is almost saying "oops, sorry about painting that new high before, HERE is the new high (but I reserve the right to paint an even higher high if one comes along".

If the indi could somehow magically predict which 'high' will be the final high before a decent drop and *only* paint that high....well.....we would have the 'holy grail', no?

The fact is that all indicators 'indicate'. They don't 'promise'. Not all indicators re-paint, but even the ones that do re-paint, such as the one we are discussing, are still very useful......moreso when combined with other methods of analysis.

Personally, in my 'live' trading, my favourite indi is the Stochastic Oscillator. If I could choose only 1 indi to have on my chart, the Stochastic would be the one. Now, when I see a new extreme high or low painted on the Cycle Identifier, I look at another chart of the same time frame which only has the Stochatsic indi on it. From there, I can decide whether the top (or bottom) is likely to be genuine or not. Even so, it's not going to be correct 100% of the time and there will always be losses. Such is the nature of trading.

The key thing is to keep the losses smaller than the gains. Even if you win only 50% of your trades, as long as the losses are smaller than the gains, you will be profitable

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #365
  • Sep 27, 2011 6:50pm Sep 27, 2011 6:50pm
BUY SIGNAL

BUY order intiated at close of candestick @ 1.35877 50 pip stoploss and using Exit Strategy (2)

FINAL UPDATE:

ORDER CLOSED! I am tired...need sleep.
Closed [email protected] loss 3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: SEFC Cycle Screen 33.jpg Size: 134 KB
  • #366
  • Sep 27, 2011 6:51pm Sep 27, 2011 6:51pm
Quoting Evaluator
BUY SIGNAL

BUY order intiated at close of candestick @ 1.35877 50 pip stoploss and using Exit Strategy (2)
Asia opens in 10 minutes........be careful
Doing what you like is Freedom. Liking what you do is Happiness.
  • #367
  • Sep 27, 2011 6:56pm Sep 27, 2011 6:56pm
Quoting Evaluator
you chart look like pretty flowers!

can I have that indicator?
AS U wish
respect
Attached File(s)
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 871 downloads
The market was bullish, turned bearish, and you'are brokish!!!
  • #368
  • Sep 27, 2011 6:58pm Sep 27, 2011 6:58pm
Quoting realjumper
Asia opens in 10 minutes........be careful

True...it is late I think i go to bed and start again tomorrow. it's 2am.
  • #369
  • Sep 27, 2011 8:12pm Sep 27, 2011 8:12pm
All the ducks lined up so entered long at at 3580. SL below the recent swing low at 3560.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 172 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #370
  • Sep 27, 2011 8:21pm Sep 27, 2011 8:21pm
Quoting realjumper
All the ducks lined up so entered long at at 3580. SL below the recent swing low at 3560.
I'm not too confident about this trade, but I had to take it for the sake of testing the system.

The reason I'm not confident is this: When the new day starts below the daily pivot point, very often this indicates that the day will be bearish overall. As you can see for the attached, the day began just under the pivot.

Still, we shall see.
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #371
  • Sep 27, 2011 9:02pm Sep 27, 2011 9:02pm
Its great to have your experience to draw on realjumper.
I also tend to use tighter stops than 50pips.
I have an idea for an additional filter to trading certain markets. The cycle indicator is quite effective in picking up where there is an inordinate level of volatility in a market. These markets are not ideal to trade with tight stops - if at all. For this reason people may find it helpful to add the filter that if x number of cycle indicators arise within y number of bars – then they won’t trade that market for the time being until the volatility subsides. I haven’t given much thought to the ideal numbers for x and y but I do this check visually and avoid overly volatile markets this way.
Enter Signature
  • #372
  • Sep 27, 2011 9:39pm Sep 27, 2011 9:39pm
Sarythsaya

Could you show an example of what you are talking about with the indicators with the price is consolidating or choppy. I watch the candlesticks for length of wicks both long and short. Typcially this implies choppiness or no conviction.
Thanks

dawgman
  • #373
  • Sep 27, 2011 9:51pm Sep 27, 2011 9:51pm
Quoting Sarythsaya
Its great to have your experience to draw on realjumper.
I also tend to use tighter stops than 50pips.
 [font=Arial][size=2]I have an idea for an additional filter to trading certain markets. The cycle indicator is quite effective in picking up where there is an inordinate level of volatility in a market. These markets are not ideal to trade with tight stops - if at all. For this reason people may find it helpful to add the filter that if x number of cycle...
You're very welcome.....if I can help out in some way then I'm happy to do so. There are many, many traders more experienced than I at ForexFactory and it would be great if we could all help each other.

Because my time zone is different to many peoples, I have no choice other than to trade during the (mostly) quiet times. For me, Asian open is at 1pm, Frankfurt is at 7pm, London 8pm and New York 1am. Soon another hour will be added to those for daylight saving. So really, my markets are the Asian and the first 3 or 4 hours of London. New York is out of reach for me.

Sometimes those markets are great....sometimes not.....I have no complaints though.

My real live method of trading involves only stochastic, pivots, previous s/r levels and sometimes fibs. I won't go into it here, but it is a very old school way of trading that has it's origins at a time before the Internet was invented!! Having said that, I am always keen to se new systems developed, and I have no problem with trading them if I feel there is potential.....and I think there is potential with Evals system.

The biggest shame for me is when some traders like to scoff at new systems, especially systems that are so reliant on indicators. You will see them, they will say things like....'this system won't work long term....indicators are rubbish.....pure price action is the only way to trade blah, blah, blah'. Now if that was true, and that's how we really think, we'd still be living in caves rubbing two sticks together to make fire wouldn't we?!?!?!

We will see how this system goes......I think that when combined with some general trading rules that everyone ought to follow anyway, and perhaps a few custom rules suited to each of us depending on personal circumstances, account size, time zone, etc etc.....this system could certainly be profitable.

Also we need to remember that a system doesn't prove itself in a day, or a week. I have days that end up as losers......I have weeks that end up as losers too.....but I have never had a losing month, and that's how we must view success in this business.....imo.

With this system:

Monday: 2 trades....both winners +95 and +63
Tuesday: 4 trades...3 winners, 1 loser +45, +60, +25 and -20

Looks good so far, but lets keep the champagne on ice for another 26 days!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #374
  • Sep 27, 2011 11:16pm Sep 27, 2011 11:16pm
Quoting realjumper
All the ducks lined up so entered long at at 3580. SL below the recent swing low at 3560.
Ok......this one was stopped out at -20. Interesting that the spike repainted!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #375
  • Sep 27, 2011 11:50pm Sep 27, 2011 11:50pm
Back in at 3555...SL below the swing low at 3530
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 170 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #376
  • Sep 28, 2011 1:20am Sep 28, 2011 1:20am
Quoting realjumper
Regarding the repainting issue, I don't think it will ever be able to be stopped. As has been pointed out here before, if a new 'high' painted, and then a short consolidation period follows, then an even higher 'high' is painted, then the indi will re-paint. When you think about it, it *should* re-paint because the indi is almost saying "oops, sorry about painting that new high before, HERE is the new high (but I reserve the right to paint an even higher high if one comes along".

If the indi could somehow magically predict which 'high' will...
Thanks realjumper,

Stochastics appear to work nicely in this system. I will give it a go on H4.
  • #377
  • Sep 28, 2011 1:25am Sep 28, 2011 1:25am
Quoting realjumper
Back in at 3555...SL below the swing low at 3530
Price is now 3585, so SL is to BE + spread
Doing what you like is Freedom. Liking what you do is Happiness.
  • #378
  • Sep 28, 2011 1:28am Sep 28, 2011 1:28am
Quoting mark0529
Thanks realjumper,

Stochastics appear to work nicely in this system. I will give it a go on H4.
No problem Mark.....here is my Stochastic settings.....
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #379
  • Sep 28, 2011 1:35am Sep 28, 2011 1:35am
Quoting realjumper
No problem Mark.....here is my Stochastic settings.....
Thanks again,
Will adjust...
  • #380
  • Sep 28, 2011 1:38am Sep 28, 2011 1:38am
just one quick question i know there was discussion about repainting, does the cycle identifier repaint as well?

Quoting Evaluator
Hello,

I have been testing many indicators and programs to determine which combinations will work the best and most importantly which combinations are the most reliable especially in a whipsaw market like we are having today.

From all my studies and research I would like to put forth the following program for your evaluation and feedback. I call this program the

SEFC Cycle Trader system

Named for the combination of 4 indicators used to determine tops and bottoms for placing entry orders and exit strategy to maximize...
3 traders viewing now