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Symphonie Trader System

  • #1,601
  • Oct 18, 2011 7:08pm Oct 18, 2011 7:08pm
Quoting camvcvoo
Have also noticed that if extreme spike occurs together with extreme levels (>80 or <20) of Stoch, the signal is stronger. I took quite a few trades (without waiting for confirmation from the rest of the indis) and had acceptable pips.

Please note that those trades were just plain gambles, not complying with rules in Post #1.

I have as well.....I used RSI however....This also allows for a tighter S/L IMO, but this also means you may lose more trades (which is not a bad thing as long as your risk/reward is good).


Remember, you can have a 50% win ratio on your trades and make great money.
  • #1,602
  • Oct 18, 2011 7:11pm Oct 18, 2011 7:11pm
Here's one I have just closed for +30

1. Extreme Spike
2. Stochastic climbing
3. Blue
4. Blue
5. Triggerlines Green
6. Supertrend Green
7. New Indi Yellow (buy)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 92 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,603
  • Oct 18, 2011 7:14pm Oct 18, 2011 7:14pm
Quoting realjumper
Here's one I have just closed for +30

1. Extreme Spike
2. Stochastic climbing
3. Blue
4. Blue
5. Triggerlines Green
6. Supertrend Green
7. New Indi Yellow (buy)

Are you on a M5 chart?? Or??
  • #1,604
  • Oct 18, 2011 7:17pm Oct 18, 2011 7:17pm
Quoting distantpulse
Are you on a M5 chart?? Or??
Yep.....M5
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,605
  • Oct 18, 2011 7:22pm Oct 18, 2011 7:22pm
Quoting realjumper
Yep.....M5
I was hoping you said that. lol
  • #1,606
  • Oct 18, 2011 8:42pm Oct 18, 2011 8:42pm
.
Attached Image (click to enlarge)
Click to Enlarge Name: pvjj65.gif Size: 20 KB
not euphoria follower
  • #1,607
  • Edited 10:25pm Oct 18, 2011 10:03pm | Edited 10:25pm
Hi realjumper, it's very interesting to incorporate stochastic into the system. I came across a technique whereby, for example, when price action hits the bottom of Bollingerband, then stochastic is at bottom below 20 level, wait for 2 consecutive bull candles, ensure the stochastic starts to slope upwards and then enter at the 3rd candle open and vice versa for short trade. Tat way u can enter trade early.

Prior to enter on the open of 3rd candle described above, one must at least ensure sentiment, emotion and colored spike are in correct color code of direction for best secure early entry result.

Although I did not enter this EURUSD trade as shown in the attachment, but I use the same technique to enter AUDUSD trade in asian session.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 5min 19102011 asian session.png Size: 66 KB


Quoting realjumper
Here's one I have just closed for +30

1. Extreme Spike
2. Stochastic climbing
3. Blue
4. Blue
5. Triggerlines Green
6. Supertrend Green
7. New Indi Yellow (buy)
  • #1,608
  • Oct 18, 2011 10:40pm Oct 18, 2011 10:40pm
Hi Eval, thank you very much for the combi indicator, now the chart window looks much more neater. =)

Btw, this indicator's emotionSSP setting is 7, should I set it to 5 instead? because on page 4 of this thread, u have shown to us that the setting is 5.

Quoting Evaluator
sneid,

rmyers made a combo indikator for sentiment and emotion. i am testing it out. it seems to work fine. it combines sentiment and emotion indikators into one. when they do not agree then bars are yellow.

here is indikator.

eval.
  • #1,609
  • Oct 18, 2011 11:08pm Oct 18, 2011 11:08pm
Quoting sneid
Hi realjumper, it's very interesting to incorporate stochastic into the system. I came across a technique whereby, for example, when price action hits the bottom of Bollingerband, then stochastic is at bottom below 20 level, wait for 2 consecutive bull candles, ensure the stochastic starts to slope upwards and then enter at the 3rd candle open and vice versa for short trade. Tat way u can enter trade early.

Prior to enter on the open of 3rd candle described above, one must at least ensure sentiment, emotion and colored spike are in correct color...
Hi.....as it turns out I closed that trade too early. But I had to go out so I took the +30 as I wasn't able to monitor the trade.

I think the stochastic is such a valuable indi, and it compliments this system so very well. If I could only have 1 indi on my charts, I would choose stochastic...every time!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,610
  • Oct 18, 2011 11:28pm Oct 18, 2011 11:28pm
Quoting realjumper
Here's one I have just closed for +30

1. Extreme Spike
2. Stochastic climbing
3. Blue
4. Blue
5. Triggerlines Green
6. Supertrend Green
7. New Indi Yellow (buy)
This New Indi can also assist in getting a good re-entry. This chart is the same one as earlier......I closed the trade for +30, but there was a re-entry opportunity that the new indi assisted with.

Entry: My original entry point
Exit: My (early) exit point
1. Stochastic is climbing
2. Blue
3. Blue
4. Triggerlines Green
5. Supertrend Green (still)
6. New Indi Yellow (buy)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 169 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,611
  • Oct 18, 2011 11:31pm Oct 18, 2011 11:31pm
Hi, actually if one can catch at least 30pips for a month of 20 days, that's quite a decent full time salary already.

We all just can't wait for you to release your new indicators. When would your like to release them?

Now we all should have good entry thanks to Eval and realjumper (coming soon), but how about great exit strategy? There's conservative up to aggressive gambler, but if we just stay with the trendline all the way for the trend ride, what actually are the odds for extracting huge profit?

Hi Eval, for the trendline, do you program it to follow some certain moving averages? Just asking only, hope I do not infringe some copyright here.


Quoting realjumper
Hi.....as it turns out I closed that trade too early. But I had to go out so I took the +30 as I wasn't able to monitor the trade.

I think the stochastic is such a valuable indi, and it compliments this system so very well. If I could only have 1 indi on my charts, I would choose stochastic...every time!!
  • #1,612
  • Oct 18, 2011 11:34pm Oct 18, 2011 11:34pm
Quoting sneid
Hi, actually if one can catch at least 30pips for a month of 20 days, that's quite a decent full time salary already.

We all just can't wait for you to release your new indicators. When would your like to release them?
I'll let you have it soon......I just want to post a few more charts first because it 1) keeps me honest, and 2) will get you all familiar with the way I use it which will hopefully avoid lots of questions about the same thing!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,613
  • Oct 18, 2011 11:38pm Oct 18, 2011 11:38pm
Quoting ttaro27
real jumper,
What is your new indi (yellow), can you share it with everyone ?
Soon....see the post above
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,614
  • Oct 18, 2011 11:41pm Oct 18, 2011 11:41pm
sorry, I have remove my post after I have read your precedent post, but it was too late, you had time to answer...

Shit, forex factory's server are always overloaded, are there any bigger server available ?
  • #1,615
  • Oct 18, 2011 11:45pm Oct 18, 2011 11:45pm
Quoting ttaro27
sorry, I have remove my post after I have read your precedent post, but it was too late, you had time to answer...

Shit, forex factory's server are always overloaded, are there any bigger server available ?
No problem
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,616
  • Oct 18, 2011 11:49pm Oct 18, 2011 11:49pm
Quoting sneid
Hi Eval, thank you very much for the combi indicator, now the chart window looks much more neater. =)

Btw, this indicator's emotionSSP setting is 7, should I set it to 5 instead? because on page 4 of this thread, u have shown to us that the setting is 5.
sneid,

you can do either. leave as default settings or change to the ones you listed.

i just leave as the default.

eval.
  • #1,617
  • Oct 18, 2011 11:58pm Oct 18, 2011 11:58pm
Quoting realjumper
Soon....see the post above
a wild guess... MACD crossover arrows?
  • #1,618
  • Oct 18, 2011 11:58pm Oct 18, 2011 11:58pm
Quoting sneid
Hi, actually if one can catch at least 30pips for a month of 20 days, that's quite a decent full time salary already.

We all just can't wait for you to release your new indicators. When would your like to release them?

Now we all should have good entry thanks to Eval and realjumper (coming soon), but how about great exit strategy? There's conservative up to aggressive gambler, but if we just stay with the trendline all the way for the trend ride, what actually are the odds for extracting huge profit?

Hi Eval, for the trendline, do you program...
sneid,

The Symphonie Trendline Indikator is based around average true range developed by J. Welles Wilder. The Average True Range (ATR) is an indicator that measures volatility. As with most of his indicators, Wilder designed ATR with commodities and daily prices in mind. Commodities are frequently more volatile than stocks. They were are often subject to gaps and limit moves, which occur when a commodity opens up or down its maximum allowed move for the session. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Wilder created Average True Range to capture this "missing" volatility. It is important to remember that ATR does not provide an indication of price direction, just volatility.

The second component of the Trendline is the Commodity Channel Index (CCI) which is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can successfully applied to indices, ETFs, stocks and other securities. In general, CCI measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. In this manner, CCI can be used to identify overbought and oversold levels.

eval.
  • #1,619
  • Oct 19, 2011 12:32am Oct 19, 2011 12:32am
See attached. Even though all symphonie indicator shows down, however Stochastic is showing climbing up, but the price refuse to go down, so it just hold to show that one should not pull the trigger until all symphonie indicators and stochastic oscillator all show the same direction simultaneously?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 5min 19102011.png Size: 55 KB
  • #1,620
  • Oct 19, 2011 12:42am Oct 19, 2011 12:42am
Quoting sneid
See attached. Even though all symphonie indicator shows down, however Stochastic is showing climbing up, but the price refuse to go down, so it just hold to show that one should not pull the trigger until all symphonie indicators and stochastic oscillator all show the same direction simultaneously?
That's what I would do......
Doing what you like is Freedom. Liking what you do is Happiness.
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