Where can I find the latest version of this system ? Latest indicators version you are using now...
Hi Fellow traders, I thought I would like to contribute something for the public since Eval system has done great help for improving my minutes trading strategy. Appreciate for some feedbacks if this would help or not help.
Now here is a proposal for entering on Pullbacks strategy in case some people may have missed the initial entry that Eval's system is showing or may have some difficulty on entry because either the trendline keep repainting as the Price action is very indecisive which we all have experienced for the past few days or to keep out from sideway market by eyeballing on the chart where the Price Action had moved.
This strategy will work on 5, 15min strategy, and maybe larger TF, but I personally recommend to enter pullback on 15min TF because the pullbacks will be much more clearcut than 5min pullbacks. Imagine if there are 3-5 bars pullback on 15min TF, there will be 9-15 up and down bars hanging like a bull flag, bear flag, bear trap or bull trap whatever the name that is, you will be confused and became impatient to anyhow enter the trade which may end up reversed and you will only pull out your hair instead.
Basically the strategy is this:
For long entry,
Wait patiently for the pullback to finished by eyeballing at the chart where ideally the lowest point of the candle to be as near to the symphonie trendline as possible, then enter the trade at the high of that lowest candle, while ensuring Eval's system indicators maintained at blue status.
The reason to enter trade at the high of the lowest candle of the pullback is that if price does not breakout above this high, there's no way the price will advanced further up while the trend is supposed to be uptrend.
While all trading strategy is not always guarantee you profitable, suggestion to enter at only the 1st pullback as the probability of winning will be the highest. One can also enter at the 2nd pullback but this will decrease your probability chances of winning and not to say enter at the 3rd pullback. Sometimes you can get better entry price than entering upon trendline changing color, but do not take this chance, we must follow Eval's rules.
Best entry is that the Price action of the last pullback candle before enter must be above eval's trendline for uptrend bias and vice versa for downtrend bias.
For short entry,
Its just the opposite of the long entry explained, the only difference is that under a downtrend of any kind, downtrend will fall very fast down like gravity pull and it'll went very low down before the pullback occurs. This pullback entry strategy may not work very well for downtrend, so if one missed it, let it go. Its still best to enter short when Eval's system signal showed confirm short.
Usually with this strategy in place, for long pullback entry, the stop loss will be at the lowest point +few pips of the lowest entry candle and vice versa for short. Much of the time when uptrend or downtrend is for real and break up high of the lowest candle or break down low of the highest candle, the price will never look back to stop you out, because price are in trend and not in sideways.
Progressively Moving SL strategy:
As much as I hate to see my profit to diminish while the trend starts to reversed, under Eval's SL strategy, once the price has moved 30pips in advanced of the direction, move SL to BE+3pips, but I'll move my stop loss at the lowest pullback candle for uptrend or move my stop loss at the highest pullback candle for downtrend.
Take note, only move SL provided the price action has break above the high of the initial or 1st candle of pullback for uptrend and price action has break below the low of the initial of 1st candle of pullback for downtrend. See attached.
This way you can certainly protect more profit before trend reverse, but its up to individual to move stop loss progressively or has a certain profit target in mind.
Now here is a proposal for entering on Pullbacks strategy in case some people may have missed the initial entry that Eval's system is showing or may have some difficulty on entry because either the trendline keep repainting as the Price action is very indecisive which we all have experienced for the past few days or to keep out from sideway market by eyeballing on the chart where the Price Action had moved.
This strategy will work on 5, 15min strategy, and maybe larger TF, but I personally recommend to enter pullback on 15min TF because the pullbacks will be much more clearcut than 5min pullbacks. Imagine if there are 3-5 bars pullback on 15min TF, there will be 9-15 up and down bars hanging like a bull flag, bear flag, bear trap or bull trap whatever the name that is, you will be confused and became impatient to anyhow enter the trade which may end up reversed and you will only pull out your hair instead.
Basically the strategy is this:
For long entry,
Wait patiently for the pullback to finished by eyeballing at the chart where ideally the lowest point of the candle to be as near to the symphonie trendline as possible, then enter the trade at the high of that lowest candle, while ensuring Eval's system indicators maintained at blue status.
The reason to enter trade at the high of the lowest candle of the pullback is that if price does not breakout above this high, there's no way the price will advanced further up while the trend is supposed to be uptrend.
While all trading strategy is not always guarantee you profitable, suggestion to enter at only the 1st pullback as the probability of winning will be the highest. One can also enter at the 2nd pullback but this will decrease your probability chances of winning and not to say enter at the 3rd pullback. Sometimes you can get better entry price than entering upon trendline changing color, but do not take this chance, we must follow Eval's rules.
Best entry is that the Price action of the last pullback candle before enter must be above eval's trendline for uptrend bias and vice versa for downtrend bias.
For short entry,
Its just the opposite of the long entry explained, the only difference is that under a downtrend of any kind, downtrend will fall very fast down like gravity pull and it'll went very low down before the pullback occurs. This pullback entry strategy may not work very well for downtrend, so if one missed it, let it go. Its still best to enter short when Eval's system signal showed confirm short.
Usually with this strategy in place, for long pullback entry, the stop loss will be at the lowest point +few pips of the lowest entry candle and vice versa for short. Much of the time when uptrend or downtrend is for real and break up high of the lowest candle or break down low of the highest candle, the price will never look back to stop you out, because price are in trend and not in sideways.
Progressively Moving SL strategy:
As much as I hate to see my profit to diminish while the trend starts to reversed, under Eval's SL strategy, once the price has moved 30pips in advanced of the direction, move SL to BE+3pips, but I'll move my stop loss at the lowest pullback candle for uptrend or move my stop loss at the highest pullback candle for downtrend.
Take note, only move SL provided the price action has break above the high of the initial or 1st candle of pullback for uptrend and price action has break below the low of the initial of 1st candle of pullback for downtrend. See attached.
This way you can certainly protect more profit before trend reverse, but its up to individual to move stop loss progressively or has a certain profit target in mind.
- #1,765
- Oct 23, 2011 1:36am Oct 23, 2011 1:36am
Attention Programers....
I was researching trying to find answers to the repainting issues with Extreme Indikator and came across this interesting code. This indikator was an adaptation of cycle indikator for tradestation and this programmer Greenmaker recoded it for tradestation claiming it does not repaint.
Anyone up for a challenge and recode it for mq4?
It is an .cs file and I cannot upload for some reason, but I am able to open in Metaeditor and see all the code. I post code in wordpad txt file below.
If some one has the talent...
- #1,766
- Oct 23, 2011 2:32am Oct 23, 2011 2:32am
Bad count, Eval. If you are counting wave C, an impulse, it can not end as you stated.
R
R
Here are my thoughts on the EURUSD
I am Elliott waving.
I know it is off topic but people were asking about it so I post here for to see.
- #1,769
- Oct 23, 2011 8:34am Oct 23, 2011 8:34am
- Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts
hello friends of statistical analsysis,
before i publish my stats, i want to tell why i do it with this system.
the main reason is, because we use the extreme cycle for the first dominant signal. and before i trade a system with unknown indicators i inspect and analyse them. here we have minor and major (extreme) spikes. I have done analysis in the 5m and 1h TF because i trade the MTF style. why because i learned a lot from the elliot wave theory and from cycle theory (hurst).
now that i know the stats i could made my decisions especially...
Very helpful, interesting and improving.
Keep up the good analysis!
- #1,772
- Oct 23, 2011 11:56am Oct 23, 2011 11:56am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Hello everyone!
It’s been a while that I am observing this thread, and I think that I could finally join you guys. I’m not really new here at FF, but it’s been quite some time since my last posts around here. I think Realjumper might remember me from another forum we used to participate, and I believe our main method is quite similar, since we were taught by the same person
I’m basically a daytrader, real account, mostly 15min chart, my analysis is very old school...pivots, trendlines, fibs...stochastics, nothing fancy. I am searching for...
Jack Herer,
Welcome to the Symphonie Trader System thread.
Evaluator
- #1,775
- Oct 23, 2011 12:02pm Oct 23, 2011 12:02pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Dear Eval!
I follow your thread from begining. Your system works very well.
But sometime I lost and it make me confuse because althought I ordered when 4 indicator inlight, I still lost
I miss something or I am not lucky. Can u share more about your experiment before u set your order by 4 indicator what do u analysis more? Thanks
I use your original setting from post 1, I trade TF 5, SL 30 pip,
ductrifx,
i am sad to hear you hae loosing trade. in this uncertain time may i suggest 15 min. timeframe not 5 min.
i too have caught bad trade in 5 min. whipsaw action. 15 min seem to be above whipsaws and help you with trade success.
eval.
- #1,779
- Oct 23, 2011 12:17pm Oct 23, 2011 12:17pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Welcome to another SUNDAY start of NEW TRADING WEEK!!!!!!