Symphonie Trader System

I am blown away by this system, it just works! My pip count for yesterday.. 212 pips on 4 trades! Sitting today out as I am busy with other things. Good trading everyone, many pips to all!

Eval... you the man!

Hi Eval,

I've read your thread, thanks for your efforts, your statistics report looks awesome

But I'm confused about your rules for managing an open trade. You say you use a SL of 50 pips and move the stoploss to 3 pips in front of the order once the pip count exceeds 30 pips positive. But what do you do meanwhile until either your SL is hit or the pip count exceeds 30 pips?

Your statements seem to be contradictory - in post #15 you say you take a loss when there is another extreme spike indicating a trend change but in post #501 you say you stick to your SL by all means. Did you change your rule or is it discretionary?

And in post #278 you recommend to close an order when there is an extreme spike that is less than 30 pip, but you disregarded your recommendation at your E/U selling yesterday.

Sorry for these quibbling questions I'm just keen to learn ...

Thanks again for your willingness to share your system!

Congrats Eva, thanks for sharing your knowledge in a very transparent way, it´s an honor to be in the thread of an experienced trader. Happy weekend.

Eval, this is a cool approach for a thread starter! Schönes Wochenende!

As most of you know, because I am unable to trade the USA session (apart from Fridays), I have to be content with the Asian session and the first 3 or 4 hours of the London session. Not complaining, that's just the way it is!

So, last week, with Evals system I executed 14 trades (some of them in real time right here on the forum). Of those 14 trades, 10 were winners and 4 were losers, for a net result of +506 pips.......which is about 100 pips per day average.

Bear in mind that those trades were demo trades, but I took them as honestly as I could.

Next week I am going to stop my 'normal' trading for the week and focus on this system using a 'live' account that I have created just to test the system under real conditions like Eval has done.

This is a very interesting system, Thank you Eval

1st quarter - January, February, March...
2nd quarter - April, May, June....
3rd quarter -July, August, September.....
4th quarter -October, November December.

fx,

Great Question!

Answer: If you get stopped out all you have to do is wait.

The system will provide you with the next entry signal. Don't try to guess it or you will get burned. If you feel yourself getting too emotional then stop trading and come back tomorrow and trade on the next signa that usually gives you and the market time to calm downl. Sometimes you need a breather and waiting a day will help reset you. Then you can logically look at the facts the system is providing you and you can make more rational moves when the system tells you.

If you are trading in the 5 min window, I highly suggest you keep a 1 hour chart running next to your 5 min. This will give you a better overall read of the market and you will not get caught up in the emotions of the moment.

Hope that helps.

eval

hinnavaru,

Thank you for your post and welcome.

I do not think you will need this indicator.

The reason I say that is because one of the components of Supertrend is CCI set to 50. Therefore you do not need another CCI indicator added to the chart. It will just overlay another indicator that will cause the chart to be too cluttered.

Again, CCI statistics are already covered in one of the indicators.

eval.

Hi.

I tried the system yesterday (thursday) and today (friday) on several pairs and on the H1 timeframe.

Made 200 pips by waiting for the exact signals and not rushing into any trades.

Will keep testing the following week.

marian,

Thank you for all the wonderful questions. Let me see if I can answer them to your satisfaction.


First, the Money Management rules are not hard set in stone. They are meant as guidelines to provide one with structure and give one a consistant trading strategy that is missing from most trading plans.

You have to decide what levels of risk you are willing to take. The Money Management Rules I setup are meant to help you with structure and provide you with some rigidity and clear strategy for not over leveraging your account, order entry, protecting your account by minimizing loss, and lasty conditions for how to exit an order with profit that will (hopefully) maximize your profit you put in your account.

Therefore, understand you too are a product of the 4 elements of the marketplace so emotion is a great driver on your actions in the market just like everyone else. You will become greedy wanting every last pip of a movement and you will become afraid of loosing on an order. THAT IS JUST PART OF BEING HUMAN. The key is learning how to manage these emotions and learn when you can be alittle greedy and control your flight fear reflex. These rules are meant to help you control those components.

I try very hard to remain disiplined in my money managment rules, but there are other things like obvious market patterns that have clear signals of overall market bearing that I cannot overlook providing clear directional bais of where the market is going. So, YES, if I feel risky (example if I just had a huge profit and made alot of pips) I may bend the rules alittle on stoploss or let a trade trend run longer. But the rules are there to help guide you to maximum profitability and minimize your losses if you stray.

As to your confusion on my points being made.

in post #15 - I was refering to a repaint of the indicator where a 50 pip stoploss up until reciently had never been hit and I stated that if you have a repaint of this indicator that causes a stoploss; just stick with the system and reenter on the next signal following the Money Management rules with a 50 pip stoploss.

in post #501 - I do not see how I conflicted from post # 15. I think my answer here was quite consistant.

''I try to play conservative so, I like to keep my Stoploss tight. I found through alot of trial and error that 80% of the time a 50 pip stoploss was normally not hit. I also found that if it goes through 50 pip it would also hit 100 pip too so, I prefered to lose the lesser of the two.''

Where is the confliction?

in post #278 - Is exactly inline with Exit Strategy (1) which states if you enter an order and you get an extreme spike you immediately exit the order. Based on the situation I was describing, there was no 30 pip move before the stoploss you have normally been moved to 3 pips infront of your order. The market decided (with extreme spike) it was time to change direction. Therefore, keeping consistant with the Exit Strategy rules; it is necessary that you exit the trade on the close of the Exterem Spike.

Again, how does that conflict with anything else I said before, the original rules from post #1?? What post yesterday are you refering?? You are not making a clear case here. Please clarify.

I think if you go back and re-read the posts you will find I am quite consistant on my statements and positions. If there are external reasons for changing my positions (like I want to close an order early because I was tired and wanted to go to bed) I usually will explain them.

I apologize if you feel confused, please feel free to ask again if you are still confused by my answers.

I hope my answers are complete to you and clears up your confusion.

Best Regards,

eval.

jusiur,

You are most welcome and thank you for your most kind complements.

eval.

Many thanks and I hope you find this thread useful and helpful.

Danke sehr, für deine Wochenende wünsch!

eval.

Congratulations on your successful trades!

yessssssss absolutely mate ....................

here it is what i did before : http://www.forexfactory.com/attachme...3&d=1281756950

Aniway we can make prediction using january - june fibbing also as semester fib and january - dec as 2010 fib .... just my imho. and this is for longterm trade ....

Hi Evaluator,

Thanks for starting this thread, not many people can pull off a system with indicators that recalculate.

I downloaded the indicators from this thread and tidied them up a bit and added a trend indicator that is doing it's rounds.

Simply place the indicators on top of each other starting with SEFC, CYCLE & then TREND.

I hope this helps.

All the best

Xard777

Status : Flat and Waiting For Confirmation
Fib : Q3 ( teal ) + Semester (maroon)
Longterm View (posted : Sept 25 ) : http://www.forexfactory.com/attachme...0&d=1316910632

Happy Weekend To U All

=iqyu=

Using lower TF ( 4H ) and lower Fibbing Period ( weekly and monthly )
seen as follow...

=iqyu=
* 4H candle will be different between one to another enemy ( broker ), depends on their server time

HOLY CRAP BATMAN!!!!!

Since my last post about visititation (7 days ago) this thread has taken off. (see post #150)

52,761

(400% increase from last Friday)


A big HUG and Kiss to everyone ...

Thank you for visiting this thread. It is my sincere hope you find it instructive and helpful to your trading. I am truely humbled by all the posts and contributions from everyone. PLEASE PLEASE please....keep it up and let's make lots and lots of moooonnneeey!

Evaluator.

(please do not forget to rate)

Is the goldminer integrated into one of these as well ? or left out ?

[quote=xard777;5003373]Hi Evaluator


I downloaded the indicators from this thread and tidied them up a bit and added a trend indicator that is doing it's rounds.


Since no one has said anything yet to xard777 about him being the man for sprucing and tidying up the indys I'll say it,XARD777 YOU ROCK MAN!!!
I must give it to you,you did your thing on these.looking forward to monday!