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Symphonie Trader System

  • #2,081
  • Nov 1, 2011 7:11pm Nov 1, 2011 7:11pm
Quoting ttaro27
The arrow indicator is the same as golden finger adjust to 6. So for the ones who would like to have the code and be able to adjust it, look for golden finger. The bad thing with golden finger is that it has no alarm on it.
Can you post this Golden Finger indi please?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,082
  • Edited 7:34pm Nov 1, 2011 7:12pm | Edited 7:34pm
Quoting johnjwong
This is a report of several trades in the above period for EU 5M. Loosing around $1000 (10% of equity) in 7 trades.

I can not agree more that RJ is right, the original symphonie trendline indicator is too slow. Many times, if not, everytime, trend begin to change again after the trendline indicator confirmation.

Also during strong trends, if the initial entry was missed, it seemed to be hard to have another extreme spike that supports a reentry. In strong trend, most extreme spikes will support a counter trend. I believe you have pointed...
johnjwong,

Thank you for the very nice work. Well done. Have you tested in 15 min as well? The reason I ask that is because I believe 2 weeks ago I said that 5 min timeframe does not seem to be working well in this very jumpy market because it is creating channels that are over 70pips wide and will hit your stoploss due to whipsaws. I know I recommended 15 min timeframe because that timeframe will get you above the whipsaws to some extent.

Also, when you move to 15 min increase your stoploss to 75 pips.

Try that and I think your results may improve. I think you will also find yourself trading with the trend and not against it as you will find that will occur in more in the 5 min.

Again, nice documentation.

Eval.

P.S. to less the fast extreme spikes you may wish to increase the major cycle signal strength in the extreme indikator. you will find less extreme spikes are painted so quickly giving price action to stablize and move your order into profit. exact settings you will have to experiment with it.
  • #2,083
  • Nov 1, 2011 7:17pm Nov 1, 2011 7:17pm
Here it is, I got it from another member right here on this thread. I didn't comment to spoiled all your efforts RJ, just to help.
Attached File(s)
File Type: mq4 Golden Finger.mq4   5 KB | 682 downloads
  • #2,084
  • Nov 1, 2011 7:22pm Nov 1, 2011 7:22pm
Quoting ttaro27
Here it is, I got it from another member right here on this thread. I didn't comment to spoiled all your efforts RJ, just to help.
is the indi GOLDEN FINGER a repainter?
  • #2,085
  • Nov 1, 2011 7:24pm Nov 1, 2011 7:24pm
No, I never witness any repaint with it.
  • #2,086
  • Nov 1, 2011 7:25pm Nov 1, 2011 7:25pm
Quoting ttaro27
Here it is, I got it from another member right here on this thread. I didn't comment to spoiled all your efforts RJ, just to help.
Thanks......I'm just keen to see if this one repaints because I'm pretty sure I have tested it before....and it does repaint. The arrow indi I supplied does not repaint. Once the candle that spawned the arrow closes, the arrow will not repaint
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,087
  • Nov 1, 2011 7:29pm Nov 1, 2011 7:29pm
Realjumper,

Working on your M1 scenario from earlier. Took a position and closed already with Extreme signal. Great work on the testing. [EURUSD]
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-01_2025.png Size: 39 KB
  • #2,088
  • Nov 1, 2011 7:31pm Nov 1, 2011 7:31pm
Quoting rdwatkins
Realjumper,

Working on your M1 scenario from earlier. Took a position and closed already with Extreme signal. Great work on the testing. [EURUSD]
Well done.....that's the way to do it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,089
  • Nov 1, 2011 7:38pm Nov 1, 2011 7:38pm
Quoting realjumper
Thanks......I'm just keen to see if this one repaints because I'm pretty sure I have tested it before....and it does repaint. The arrow indi I supplied does not repaint. Once the candle that spawned the arrow closes, the arrow will not repaint
Thanks RJ ! This just keeps getting better and better..

Cheers
  • #2,090
  • Nov 1, 2011 7:41pm Nov 1, 2011 7:41pm
Absolutely fantastic group and thanks to contributors like yourself, we all see more clearly trends and triggers. Thank you!

p.s. On the M! I am avoiding the counter trend as I am new to the indi and we are in the Asian session (weaker follow-thru).

Quoting realjumper
Well done.....that's the way to do it
  • #2,091
  • Nov 1, 2011 11:28pm Nov 1, 2011 11:28pm
Quoting johnjwong
This is my first post for this thread, I have conducted a backtest research with the rules and templates posted by Evaluator at #1 post. Back test is GU, 5M, 4 days period from 2010.01.10-2010.01.14. Losing around 20% in 4 days (8 trades).
More information are documented along with pictures showing the indicators at each sta.....
which session you are trading? are you US based?
  • #2,092
  • Nov 2, 2011 1:45am Nov 2, 2011 1:45am
Quoting Eugenides
which session you are trading? are you US based?
I am trading 24/5 on the backtest and will later do an analysis of whether this strategy work on 24/5. Other information regarding backtest are also documented. I am living in Canada, GMT - 4 time zone.
  • #2,093
  • Nov 2, 2011 1:47am Nov 2, 2011 1:47am
Good Morning Symphonie Trader,

here is the GoldenFinger Indicator w/ Alert. And it will not repaint unless a reverse signal occure at the same candle.

Have fun (good business) with it. I use it a long time and the Indi gives pretty good result in combination with VQ7.

Mediator
Attached File(s)
File Type: mq4 GoldenFinger.mq4   5 KB | 919 downloads
  • #2,094
  • Nov 2, 2011 2:51am Nov 2, 2011 2:51am
Quoting Mediator
Good Morning Symphonie Trader,

here is the GoldenFinger Indicator w/ Alert. And it will not repaint unless a reverse signal occure at the same candle.

Have fun (good business) with it. I use it a long time and the Indi gives pretty good result in combination with VQ7.

Mediator
Thanks for the information and the alert. Hope you're having a good day.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,095
  • Nov 2, 2011 3:10am Nov 2, 2011 3:10am
what is the best pair for this strategy ??

and what is the best time frame ???
  • #2,096
  • Nov 2, 2011 3:17am Nov 2, 2011 3:17am
Quoting zelenko
what is the best pair for this strategy ??

and what is the best time frame ???
Read some of the posts here mate.....your questions have already been answered
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,097
  • Nov 2, 2011 3:53am Nov 2, 2011 3:53am
This my backtest documentation for realjumper's template on EU 5M for the recent period. With realjumper's template, 5M trades seem to be much more improved. The results will be much better when I learn to use a better exit (close half once spike and another half by some kinda conditions similar to that of evaluators') and learn to reenter trades once closed early. Also, I was behaving like a robot, trading even when market ranges at very tight ranges and even when countering a strong trend, in live trading ofc those trades will not happen. With that said, I believe this strategy is profitable.

Attached the results in separate doc file, to highlight: made about 13%, profit factor 1.27, 69% profit trades.

I have several insight from this backtesting which are documented with charts at the last section of the report entitled "Trades worth mentioning". To sum up several things I have the following messages to:

RJ:First of all, I would like to say thank you for your work! Well done, the results had improved by a lot with ur template / indicators / enhancements.

1) It appeared that I sometimes miss very profitable trades by not entering trades that have a different order in indicators in the setup. There was 1 trade that was very profitable but I did not enter because the arrow appeared before the bar close but goldminer and bull-bear changed color at end of bar or 1 bar after. From your experience, is the order really that important or can we enter trade once all 5 indicators had pointed at the same direction? Anyways, there might be hindsight bias on myside as the order might have saved me out of bad trades when I don't realize it.

2) What is the point of adding stoch? When the rest of the indicators point at the right direction, 100% of the time stoch crosses in the right direction already, unless you are using it as divergence or overbought/oversold, I do not see the use of it yet.

3) I am not sure why but you can check the charts in the report, most of the time, the color of the goldminer will not change until 2 bars after close. As a result, I just enter with the last close bar not changing colours yet.

To Evaluator:
1) It seems like whenever I meet 30 pips, and set sl to BE, there will always be a spike on each closed bar afterwards and I will close it as its the rule. I have missed a lot of pips because of this. Well, it also saved me a lot of times as well. Therefore, I am in support of you using the 2 step close half rule (close another half when trend color changes). However, I have noticed that the change of bull-bear/goldminer at end of bar to be relatively reliable after 30 pips. Have you had any experience using that?

2) I will experiment with 15M EU with 75 pip sl as per your suggestion. I will also compare it with sl of the prior swing high/low.

Any feedbacks welcome guys! Thanks evaluator and RJ for your well developed/enhanced methods.

JW
Attached File(s)
File Type: doc SEFC GoldSuper Cycle System ResearchEU5M2.doc   2.4 MB | 1,012 downloads
File Type: doc backtestResults.doc   152 KB | 625 downloads
  • #2,098
  • Nov 2, 2011 4:02am Nov 2, 2011 4:02am
Oh another thing is, when you entered a trade and later nothing much really happened after 10-15+ bars because of ranging or consolidation, just close at BE and wait for another entry, dont let luck interfere with such great system
  • #2,099
  • Nov 2, 2011 4:07am Nov 2, 2011 4:07am
Quoting johnjwong
This my backtest documentation for realjumper's template on EU 5M for the recent period. With realjumper's template, 5M trades seem to be much more improved. The results will be much better when I learn to use a better exit (close half once spike and another half by some kinda conditions similar to that of evaluators') and learn to reenter trades once closed early. Also, I was behaving like a robot, trading even when market ranges at very tight ranges and even when countering a strong trend, in live trading ofc those trades will not happen....
great work buddy

keep up!
  • #2,100
  • Nov 2, 2011 5:05am Nov 2, 2011 5:05am
Quoting johnjwong
This my backtest documentation for realjumper's template on EU 5M for the recent period. With realjumper's template, 5M trades seem to be much more improved. The results will be much better when I learn to use a better exit (close half once spike and another half by some kinda conditions similar to that of evaluators') and learn to reenter trades once closed early. Also, I was behaving like a robot, trading even when market ranges at very tight ranges and even when countering a strong trend, in live trading ofc those trades will not happen....
That is a very interesting study. Thank you so much for taking the time to do all this work and for sharing it.

I have to say that some of those trades I would not have taken because they were very clearly against the trend, so it's reasonable to assume that it is a minor pullback and will probably result in being stopped out. Sometimes these trades against the trend can work, after all....it has to reverse somewhere, but in my opinion, these trades are not high probability trades, and therefore I don't take them. I let the pullback happen, and look for an entry later on, in the direction of the trend.

For the exits, these are a bit more difficult to document than the entries. For instance, from Asian open today there was a 45 pip move north to touch the Daily pivot. That would be a good place to exit.....and I did. The re-entry was the bounce on top of the pivot, and that was worth another 70 pips. Another way to do t would have been to move the SL to BE +10 when the PA touched the pivot and then let the trend up resume later and carry on gathering pips, which would have been +130 pips at the time of a genuine reversal signal....ie all indies pointing south. It's a difficult one, and it's very 'hands on', which is why an EA won't be very profitable.

I guess you are correct regarding the stochastic as far as entries go....I just like stochastic because I have used it for so long and I guess I believe in it. However it is very valuable for re-entry as you have noticed.

I think the system with the stochastic and the arrows works well....as you have found out. To maximize profits it is essential that you know about pivots, candles, candle formations, s/r levels, fibs etc. The system is not great at giving an optimum exits, so you need to be able to use good old fashioned technical analysis to help you exit at the most profitable time.

Thanks again for all your hard work......I appreciate it very much.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
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