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Symphonie Trader System

  • #2,181
  • Nov 3, 2011 2:57am Nov 3, 2011 2:57am
Since you traders are the ones contributing most to this system,I want to ask a question. Are you saying now that once we see a signal,we should check if its in the direction of the trend,and the follow in that direction of, let say the 1hr or 4hr trend?
Kasapreko
  • #2,182
  • Nov 3, 2011 3:06am Nov 3, 2011 3:06am
Quoting Kasapreko
Since you traders are the ones contributing most to this system,I want to ask a question. Are you saying now that once we see a signal,we should check if its in the direction of the trend,and the follow in that direction of, let say the 1hr or 4hr trend?
Kasapreko
It's a general rule of thumb to trade with the trend rather than against.....the trend is your friend.

Of course the trend for the day on the M5 or M15 chart can, and often does, differ from the trend on the H1 or H4.......which might differ again from the Daily and Weekly.

So if you're trading on the M5 chart for instance, you need to look at the prevailing trend of the day......maybe check the M15 as well.

If you decided to trade against the trend, that's fine......all I'm saying is that trading with the trend produces higher probability trades than trading against the trend.

If we have a strong trend for the day (we don't today), then trading the minor pull backs will almost certainly get you stopped out.

It's very much a personal thing.......I don't trade against the trend, and I don't recommend it either......but some people can do it successfully, so it is up to you

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,183
  • Edited 3:55am Nov 3, 2011 3:08am | Edited 3:55am
Hi guys!i'm new here. What's wrong with my chart? I have too many extreme spikes. it's settings or my broker ?
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  • #2,184
  • Nov 3, 2011 3:08am Nov 3, 2011 3:08am
I use symphonie trendline for direction.
Pivot Boss in the making~
  • #2,185
  • Nov 3, 2011 3:43am Nov 3, 2011 3:43am
Real jumper,so tell me,if I'm trading on the 15mins chart how exactly do I identify a trend. Just technically tell me or show how you do it,as you've been doing
Thanks
Kasapreko
  • #2,186
  • Nov 3, 2011 3:52am Nov 3, 2011 3:52am
Quoting Kasapreko
Real jumper,so tell me,if I'm trading on the 15mins chart how exactly do I identify a trend. Just technically tell me or show how you do it,as you've been doing
Thanks
Kasapreko
Dude, he's just told you exactly that a few posts above! [2174]

Personally I look for recent lower highs to be taken out in a downtrend, signalling a trend up or higher lows taken out in an uptrend signalling a move down. Example below...

This is down to personal preference how it's defined of course!
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  • #2,187
  • Nov 3, 2011 3:59am Nov 3, 2011 3:59am
Thanks again Eval
very perfect sys for me. 76 pips today.
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  • #2,188
  • Nov 3, 2011 4:06am Nov 3, 2011 4:06am
Quoting Kasapreko
Real jumper,so tell me,if I'm trading on the 15mins chart how exactly do I identify a trend. Just technically tell me or show how you do it,as you've been doing
Thanks
Kasapreko
I can see a trend at a glance. But there are various ways of seeing a trend.....the SMA I just gave is a good way. Other people draw trend lines, some people use the Triggerlines indi I posted a while back, some use the Hull indi......there's many ways.

On the two charts below, one is of todays PA, and the pother is a few days back.

On todays chart you can easily see that the shaded area has no trend at all. Where the yellow arrow is you can see the powerful (short term) trend up. EWith the benefit of hindsight, would you have gone short on that pull back I have circled? Of course not, right? Yet there was a signal.

Same on the chart from a few days back, the trend is easy to see and so too are the pull backs.....in fact they are flags and there's no way I would attempt to trade them.

But to come back to your question, there are many, many indicators that will show you the trend until the time comes when you can spot the trade at a glance.

RJ
Attached Image(s) (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,189
  • Nov 3, 2011 4:11am Nov 3, 2011 4:11am
Thanks Eval/RJ
+27 pips so far
Fullpip
  • #2,190
  • Nov 3, 2011 4:19am Nov 3, 2011 4:19am
Quoting trotinetas
Hi guys!i'm new here. What's wrong with my chart? I have too many extreme spikes. it's settings or my broker ?
Try re-starting you trading platform....that usually fixes it
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,191
  • Nov 3, 2011 4:31am Nov 3, 2011 4:31am
Quoting realjumper
Try re-starting you trading platform....that usually fixes it
I tried many times, but look the same
  • #2,192
  • Nov 3, 2011 4:38am Nov 3, 2011 4:38am
Quoting jurn_e
2nd day of using this system using live micro.

4 trades in total.
3 wins 1 loss.
The 1 loss is due to wrong intepretation of the entry criteria, should not have enter because its no considered a signal.

Will continue testing.
Charting on IBFX US.
for extreme bottom you mean trendline indicator ??
  • #2,193
  • Nov 3, 2011 4:41am Nov 3, 2011 4:41am
Quoting trotinetas
I tried many times, but look the same
Hmmm....that's strange. Try closing your platform.....delete all the indies and templates for the system......download them again from the first page and re-start your platform. If that doesn't work, then perhaps someone else will have another idea
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,194
  • Nov 3, 2011 4:45am Nov 3, 2011 4:45am
Quoting realjumper
Hmmm....that's strange. Try closing your platform.....delete all the indies and templates for the system......download them again from the first page and re-start your platform. If that doesn't work, then perhaps someone else will have another idea
ok. I'll try it and return the result. Thank you
  • #2,195
  • Nov 3, 2011 5:08am Nov 3, 2011 5:08am
Quoting realjumper
It's a general rule of thumb to trade with the trend rather than against.....the trend is your friend.

Of course the trend for the day on the M5 or M15 chart can, and often does, differ from the trend on the H1 or H4.......which might differ again from the Daily and Weekly.

So if you're trading on the M5 chart for instance, you need to look at the prevailing trend of the day......maybe check the M15 as well.

If you decided to trade against the trend, that's fine......all I'm saying is that trading with the trend produces higher probability...
Totally agreeing with RJ, take a look at my latest backtest report with 2x pages. A lot of loosing trades are from countering trends. However, keep in mind that if you counter trend, you have a clear indicator of when to exit when loosing pips (previous swing high/low is very reasonable) but if you follow trend, you never know when you should pull out when loosing pips so setting some kind of S&R exit strategy is needed.

I am going live starting today Anyone can guide me how to join the skype room?
  • #2,196
  • Nov 3, 2011 5:14am Nov 3, 2011 5:14am
For anyone interested. I sometimes use the MT4 Heiken Ashi indicator to gauge trend.

It draws a green or red box for the current time frame and 3 higher timeframes. It should not repaint after candle close.

It identifies the last (or current) HA candle in each time frame as to whether it is green (bullish) or red (bearish).

It's the last indicator on the chart.

Btw, GBPUSD is near the high of the ADR for those that are long might want to check for any short term reversal.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 #MTF_Heiken_Ashi.mq4   9 KB | 520 downloads
  • #2,197
  • Nov 3, 2011 5:18am Nov 3, 2011 5:18am
Quoting realjumper
Hmmm....that's strange. Try closing your platform.....delete all the indies and templates for the system......download them again from the first page and re-start your platform. If that doesn't work, then perhaps someone else will have another idea
Problem solved. Thank you realjumper
  • #2,198
  • Nov 3, 2011 5:22am Nov 3, 2011 5:22am
first trade of this system for live, +14 pips from usdcad. Exit at close of bar because of extreme spike pointing up (it was one at the time). It is a strong trend so may have been better if i waited longer but theres the RGL coming soon.
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  • #2,199
  • Nov 3, 2011 5:26am Nov 3, 2011 5:26am
Quoting johnjwong
first trade of this system for live, +14 pips from usdcad. Exit at close of bar because of extreme spike pointing up. It is a strong trend so may have been better if i waited longer but theres the RGL coming soon.
Nice.....your first live trade was a winner.....doesn't get better than that. Congratulations
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,200
  • Nov 3, 2011 5:56am Nov 3, 2011 5:56am
Entered a bit late due to counter trend, figured I need more confirmation, news apparently work my way through this one. +30 pips easily within 5 minutes.
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