Symphonie Trader System

Have a questions about the trades made in the last week.

i profited good pips and followed the system hard rules with moderate moneymanagement.

But i only got 6 valid signals during london and new york sessions. these are only main signals and not reentry signals. (yellow arrow main session signals)

do i understand it right that you trade with full lots amount permited with your MM? does the 39 trades occured because of reentries? and if yes, how you determine your reentries. so if for example a valid short trade is open and a short extreme spike disappear because it made a newer high would you close your short trade immediately and reenter if trendline made the next new short transition or do you wait until SL was hit and then reenter?

if i count all symphonie trendline transitions from red to blue and back there are only 12 transitions.

Kind regards

Mediator

I have just been reading through this thread and am very impressed. Since I work crazy hours, I decided to throw this on a daily timeframe to have a look. Looking backwards using a couple indicators that repaint isn't the best isn't the best way to judge, but it looks like it would work pretty well. I can throw this on several pairs. As I test it I will keep everyone posted.

Here is another idea for exits: On an old trendmagic thread, the creator used the trendline somewhat like a trailing SL. Each time it flattened, he moved the SL up to the 2nd step above to make sure he didn't give too many pips back to the broker.

You are quite right, which is why you should use this:

http://www.forexsmarttools.com/helpe...ee_tester.html

Hi, Mediator..... Can you share the indicator (and its settings) that displays the Up/Down hollow arrows on your chart, please?

TYIA.

Hi Dm3554,

sorry Sir, this are manual drawn arrows to show where my entries were.

Mediator

Thanks! Looks like a terrific tool

Ahh ... I see. Thanks for your fast reply .... much appreciated.

I am trading 5M and 15M too, I get more trades like that because sometimes 5M have signal while 15M doesnt and vice versa. And sometimes if i missed a 5M one, I catch the trade again on the 15M chart.

Great stuff Mogulmedia, thank you for sharing!!

Too bad it isn't working with range bar chart.

Prompt. A number of bars after the rendering of the gold tooth, you can be sure that will not be redrawn?

Sorry for the English. Sholkih bars after question I will have confidence that gold tooth not disguise.

Hi Eval,

just took a quick journey through your thread ..although my own trading methods differ from yours, I'm always all ears about anything that seems to work and it's at least somehow quantifiable, regardless of the underlying principle. Thanks for another dose of inspiration.

First of all, kudos to you It seems you have found a viable trading method for yourself, other people's success with your system only proves one thing: it doesn't matter that this or another indicator repaints, finally the success or failure depends on how the inputs are interpreted by the trader. The system gives fairly good entries because the cycle spike alerts you of possible tops/bottoms, just to be aware of it is beneficial. Then the other indys do their best to filter out the mess and give you a green light if there's a chance of real momentum in the move, that's why the realjumper's sequence (spike-stoch-goldminer-bullbear-arrow) makes much sense.

I also appreciate your willingness to share and I don't doubt your honesty in any way; I've been trying to dig out anything about the cycle identifier and found your thread over at TSD and your post in NinjaTrader forums - your enthusiasm to improve it is clear.

However, I have two issues. The first is technical and the other applies to money management in relation to your account statements.

The technical issue is the cycle identifier itself. It repaints? OK - it's an 'awareness' tool. It needs switching timeframes to refresh? annoying but OK. It takes a MT4 restart sometimes? A nuisance but can be done... Many posters are wondering they see a totally different plot and think it's difference in brokers. It's not.

The real problem with the cycle identifier is that it iterates across the whole chart history. The final readout (after refresh) depends on how many bars are actually in your chart. Two traders can use the same broker, same settings, yet their plot will almost certainly (and significantly) be different if their bar count differs.

The count for any MT4 chart is limited by the Max bars in chart setting (press F8 -> Charts, the history setting is irrelevant):

http://i41.tinypic.com/x0oefq.png

Most of readers will know about this, but a few words for those who don't: default setting is 65000; many users (me too) have a much lower number set - cuts down cpu usage especially with poorly written indys and makes TF switching faster anyways. But a setting of 65K or XXXX does not mean you have really that many bars in your chart - depends on how long you're using; if the mt4 doesn't have history it loads the latest 2000 bars and then they add as the time goes. If you're trading long enough (or scroll back holding the Home or PgUp button), you will fill the chart to the limit. But MT4 keeps adding bars even if your limit is reached - until restart; then the count is cut down to the limit and new bars are added over.

The consequence is: there will be a large group of 'default' users who didn't touch the setting and trade long enough to have their bar limit filled. Those will see same (or similar) spikes in the indy plot, but ONLY if they (re)started their platform at approx. the same time. Those who have other bar count than 65K will see something different most of the time.

A chart with 5000 bars:
http://i44.tinypic.com/bdv4m1.png

The same chart, bars cut to 4500:
http://i44.tinypic.com/wu5hjm.png

I have played with the mq4 as I tried to fix the refresh (not the repaints) - to get rid of those TF switching or MT4 restarting. And wondered how the indy changes completely in static state if data added "on the left side" via scrolling back another chart (Saturday, market closed, a tick generator in charge).

As I said before, I did some small research about the indy. The original is being sold for big $$$ by some guy I don't want to mention here, and the source is not public. afaik, it repaints too, but I don't know how the bar counts are handled. Transcripts exist for MT4 (all are virtually the same) and NinjaTrader (will evaluate the barcount), but my findings correspond to this statement by mladen (highest respect for any single letter he drops - there's hardly a better indicator coder).

Why am I posting this? I don't want to ruin the party here and bash repainting. But IF you want to compare trades, THEN make sure your bar counts match.

I tried a variant with fixed bar count and forced refresh on every closed bar. It looks extremely ugly in strategy tester but it's exactly that what you would see if you'd restart the platform every 5 minutes. But watching it continually uncovers the real mess. If there's interest I can post it on Monday as soon I'm able to check it on live feed. I'll try to decode the logic to see if it could be improved to "standard" few bars repainting.. but I doubt it and don't promise anything.

========================================

Now the 2nd thing, Eval... please don't consider this as an offense.. but I dare to say your (undoubtedly) fantastic performance can't be achieved with the MM you're suggesting (stop loss on every entry, etc).. without really massive averaging down, aka adding to losers. You must know what I mean. I just looked at your charts... (1, 2, 3, 4, 5 etc..) and saw the orders, sometimes deeply underwater.. another factor is the high number of trades.. Hey, there's nothing wrong about averaging as long as you keep the overall risk inside limits and know when to give up, easy said not easy done - been there, done that, I know those long flat equity curve phases, closing every of dozen long-held losers as fast as it finally returns and breaks even with a positive pip.

If you really maintained 75p (or 100 or 150p, even mental) stops on the averaged entry, then you're seriously good!!! But I guess many people, especially newbies, are impressed by the gains, then place single trades with stops and keep wondering where's the difference. I know you don't have an obligation to prove anything, but since you're proudly posting statements (and decided to only post statements, not trades), it would provide awesome clarity if you'd uncover your risk management technique associated with averaging. I guess many followers (which in turn may help to improve the system in the future) would appreciate it.

thx for your patience to read this ugly long post of mine

Thank you Jane. its an enlightenment. we will keep that in mind.
hope a coder can fix the refresh & bar count issue.

Good to see more gals on the floor. lets prove it to the boys lol

i knew presence of some hideous MM there. if a newbie follow this system like a robot he may break-even. but no 35% return in a month. its impossible with the risks mentioned dude.

be it any manual system, the system is 30% good as the skills of the user so we be better. if we don't have skills(price action, fibs, pivots, SR, psycho lvls, news, candle patterns, market hours& psychology) we are as good as an EA, consequently we will loose for the same reason why EAs loose in the end.

any manual system that gives a newbie +10% every month is a holy grail, no unemployment in the world! which by the way doesn't exist.
you need to work hard and earn it
of course eval does not give any guarantee of this system

johnjwong,

Thank you for your insight. That is good thinking.

Thanks for a very interesting and informative post MJ.....most excellent.

YES

Lucy, I've been playing with the indy in the meantime. If everybody who wants to compare setups sets their MT4 bar limit to the same number (the smaller the better; I've tried 500 and it's ok across all timeframes) we could get comparable results. Just checked a 500 bar chart with 3 different borkers and it really doesn't matter - the output is the same.

The attached version (experimental!!) only paints when new bar opens i.e. you won't see any (ticking) change inbetween bars, but it should refresh ok - no need to switch TFs. It looks quite good in strategy tester.

The barcount issue remains but it must be fixable. I hope to get some time tomorrow to look deeper into the code and compare it with the ninja script, I feel something is messed up there with array indexing. I'm a miserable amateurish coder but usually get done what I want.. time will tell.

My thanks too RJ enjoyed your contributions here. I'll keep in touch.

PS. Coders don't shoot - the fix below is quick and dirty but should work for now.

There you go...looks like i may have a problem with catching up with you, shooter!
it seem is more responsive than original indicator in my alpari, but shall wait for real data on Monday, Jane.

Hi MJ,

Really appreciate the work you have done here. Will test it on Monday n report issues, if any.

Many thanks

I'm reading this thread from the principle, and now I'm still at page 68....
I write here because I didn't find here (FF) or in other forums people more patient than Evaluator.
Always in a thread there are people who says it's right or it's wrong, expecially when using repainting indicators, but almost nobody (after more than 1000 posts) still answer quietly to the some old questions as Evaluator does!
Maybe it's because he is so confident in his system? As I see the statements prove it..... isn't it?

So I wish to thank Ev for the great effort spent in this thread made to help us become better traders.

P.s. I like Deutschland very much.....