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Symphonie Trader System

  • #1,541
  • Oct 17, 2011 5:54am Oct 17, 2011 5:54am
Quoting realjumper
3900 may be a hurdle to overcome.......
That's about as good a rejection from a known resistance level as you'll ever see

It's been a good start to the week with this system
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 73 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,542
  • Oct 17, 2011 7:12am Oct 17, 2011 7:12am
Hello. I only approached this thread last night and only had time to read the 1st 15 pages. The rules are quite easy so today I've started demoing it. I got in this wonderful EU short. Is my entry correct on the close of that bar marked by the arrow? Its hanging at about 100 pips profit just now. I will have some questions to ask but I better finish to read all the posts before I do it. For now many thanks to Evaluator for introducing it to us.

http://img41.imageshack.us/img41/4599/201110171301.png
  • #1,543
  • Oct 17, 2011 8:43am Oct 17, 2011 8:43am
Quoting alright
Hello. I only approached this thread last night and only had time to read the 1st 15 pages. The rules are quite easy so today I've started demoing it. I got in this wonderful EU short. Is my entry correct on the close of that bar marked by the arrow? Its hanging at about 100 pips profit just now. I will have some questions to ask but I better finish to read all the posts before I do it. For now many thanks to Evaluator for introducing it to us.

http://img41.imageshack.us/img41/4599/201110171301.png
alright,

looks like perfekt entry point to me. congratulations!

eval.
  • #1,544
  • Oct 17, 2011 8:44am Oct 17, 2011 8:44am
Quoting jusiur
Eval, we are all only human beings and that's what life's really beautiful. your explanation makes sense and does not detract from any of your hard work, but thank for let us know the EA behavior of that nigth.
I think more important than developing an EA is to create a monitor that will help us to improve mechanical trading, would contribute significantly to the development of skills with the system.
Best regards and thanks for the PM.

Thanks jusiur!

eval.
  • #1,545
  • Oct 17, 2011 8:45am Oct 17, 2011 8:45am
Quoting fx26
Hi Eval,
First, I want to commend you and have earn my respect (I am sure a lot of you do too) for being honest and open about what went wrong with the account. The biggest problem with a lot of us is not the mistake but a willingness to own up and be accountable for it, then move on and converge back to the correct path.

As for the EA, I started my forex trading purchasing an EA without knowing much about this business. It was really nice going in the beginning and earning lots of money. While it was doing that, I begin to read and learn a lot...

fx26,

Thank you for nice comments.

eval.
  • #1,546
  • Oct 17, 2011 8:52am Oct 17, 2011 8:52am
Quoting sakhan_nph
Hi Eval,
Keep working on EA about the Symphonie Trader System. I have developed my EA with strategy system almost same yours. I could say that it run well in back-tested and real account as well.

Hau Nguyen.
sakhan_nph,

would you mind email me your EA so I can compare the code with the EA we are developing so we can see what we are doing wrong?

many thanks,

eval.

PS please do not post EA here because i do not wish t o take focus off the thread.
  • #1,547
  • Oct 17, 2011 8:55am Oct 17, 2011 8:55am
Quoting sneid
Attachment

Hi Eval, please find the attached on my query, if such case should happen in the future, what should we do? Immediate reversed or continue to hold on to the initial position? What would you suggest to do?
sneid,

just follow the signals and remember to keep your 50 pip stoploss incase market move against you.

also, remember to look for extreme or counter signals that may tell you market is changing direction.

eval.
  • #1,548
  • Oct 17, 2011 8:58am Oct 17, 2011 8:58am
Quoting sneid
Hi Eval, So far I've not seen any EA that works in the long term probably because operates 24hour to do trading, however if u are still very interested to program the EA to trade, probably u can program it to only start trade from UK open until US session close. Perhaps this can increase the chances of winning. Just a passerby suggestion, but so far I've not seen EA that can be programmed this way?

sneid,

nor have i....

eval.
  • #1,549
  • Edited 10:02pm Oct 17, 2011 9:23am | Edited 10:02pm
SELL Signal (15 min.)

SELL order@ 1.38609, exit strategy 2, 75 pip stoploss.

UPDATE:
Extreme Spike recorded, per exit strategy 2, 1/2 order closed @1.37785

FINAL UPDATE:

Price Action reversal hits Stoploss 3 pip profit
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 69.jpg Size: 141 KB
  • #1,550
  • Oct 17, 2011 9:42am Oct 17, 2011 9:42am
EU M15, it was a bull trap?
Attached Image (click to enlarge)
Click to Enlarge Name: bull trap.gif Size: 44 KB
Humble & Kalcker CLO2 = Covid killer
  • #1,551
  • Oct 17, 2011 9:52am Oct 17, 2011 9:52am
Quoting jusiur
EU M15, it was a bull trap?

looks like a bear flag to me.
  • #1,552
  • Oct 17, 2011 2:21pm Oct 17, 2011 2:21pm
Symphonie System Trading Tips:

Here is some information that will improve your trading habits. If you are like most you run a 5 min. and a larger timeframe window along side your normal trading window.

In the past few weeks the markets have been consolidating and giving many false signals if you trade in the 5 min window. Here is a technique to prevent you from getting caught in 5 min whipsaw action that makes a valid signal a false signal in times of consolidation or heavy market indecision.

First, run your 5 min trading window as normal. Along side you 5 min you would have a 15 min window as confirmation of your signals validitiy.

Second, if (see in graph) you recieve a BUY signal in the 5 min timeframe but the price action in the 15 min is not above the trendline, do not take the signal as you see the whipsaw price action quickly reversed and moved downward taking out your stoploss.

Third, if you receive a BUY signal in 5 min and the price action in the 15 min is above the 15 min trendline; take the price action and make a buy order because you have valid strength to carry price action higher and make your a profitable order.

Happy Trading

Evaluator.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 70.jpg Size: 189 KB
  • #1,553
  • Oct 17, 2011 3:49pm Oct 17, 2011 3:49pm
wish I had this trading tip before . . . I took that long (Eval sample) and lose -50 live pips (reach SL)
Humble & Kalcker CLO2 = Covid killer
  • #1,554
  • Oct 17, 2011 4:01pm Oct 17, 2011 4:01pm
Quoting jusiur
wish I had this trading tip before . . . I took that long (Eval sample) and lose -50 live pips (reach SL)

better luck next time. now you have new armor to fight whipsaws.!
  • #1,555
  • Oct 17, 2011 4:42pm Oct 17, 2011 4:42pm
I'm sorry Eval but "trendline" stands for? Do you refer to the median line of the bands?



edit: now I understand. You refer to the trendline indicator. But it's important the color of the indicator or only the position of the price?
  • #1,556
  • Oct 17, 2011 5:06pm Oct 17, 2011 5:06pm
You MUST read post #1 !!!
  • #1,557
  • Oct 17, 2011 5:10pm Oct 17, 2011 5:10pm
Quoting jusiur
EU M15, it was a bull trap?
Yes.....well spotted.

Some call it a bear flag......and they are correct. Some call it a bull trap, they are correct too.

The name doesn't matter too much, the important thing is that you recognised it, and you know what it means. Well done
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,558
  • Oct 17, 2011 5:18pm Oct 17, 2011 5:18pm
Quoting DerBerliner
You MUST read post #1 !!!
You don't understand my question. I know that the trading system requires that the indicator has right color.

My answer is refer to the tip that eval give us in the previous post
  • #1,559
  • Oct 17, 2011 5:23pm Oct 17, 2011 5:23pm
Hi Eval, is there a post in the thread that makes trendline sound an alert if there's a change in trendline direction?

If not, can u program the trendline to sound an alert when there's a change in direction? The reason for doing so is that in order to take a signal, all 4 indicators must align and most of the time trendline is the last to indicate the signal and usually we all take the signal after trendline has changed direction.

hope its not too much to ask, hehe...
  • #1,560
  • Oct 17, 2011 5:34pm Oct 17, 2011 5:34pm
Quoting sneid
Hi Eval, is there a post in the thread that makes trendline sound an alert if there's a change in trendline direction?

If not, can u program the trendline to sound an alert when there's a change in direction? The reason for doing so is that in order to take a signal, all 4 indicators must align and most of the time trendline is the last to indicate the signal and usually we all take the signal after trendline has changed direction.

hope its not too much to ask, hehe...
see post #1466 youŽll find some similar but I donŽt sure if it have ATR calculation in it core, but works fine. Be sure to set the imputs (68)
Humble & Kalcker CLO2 = Covid killer
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