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Symphonie Trader System

  • #4,381
  • Jan 17, 2012 5:00am Jan 17, 2012 5:00am
Quoting Elmago
FXLOCA, Yes the TF is 5 minutes.

You use trend for 4515? 63 18 use?

Thanks.
45 15
  • #4,382
  • Jan 17, 2012 5:03am Jan 17, 2012 5:03am
I used to date 63 18, if not better than 45 15, which are advantages in working tredn 45 15?

I place it on SL to 20 pips and TP from 10 to 35 PIPS
  • #4,383
  • Jan 17, 2012 5:22am Jan 17, 2012 5:22am
Evaluator has said when first get a signal, instead of going in straight away, look at the stochastic and if its near the bottom/top then wait for the pullback before going in. You can place a pending order where you would have gone in.
  • #4,384
  • Jan 17, 2012 5:27am Jan 17, 2012 5:27am
Quoting Evaluator
Hey,

Can you please tell me if that indicator repaints or not?

Thank you
  • #4,385
  • Jan 17, 2012 5:28am Jan 17, 2012 5:28am
Quoting MKK
Hey,

Can you please tell me if that indicator repaints or not?

Thank you
Anything that shows an extreme point of price will repaint if that price is overtaken, it has to because it can't tell the future anymore than we can.
  • #4,386
  • Edited 6:03am Jan 17, 2012 5:42am | Edited 6:03am
Quoting ohammond
Anything that shows an extreme point of price will repaint if that price is overtaken, it has to because it can't tell the future anymore than we can.
I thought repaint meant removing past signals if they proved to be incorrect, and not simply that repainting means incorrect signals????

Of course indicators aren't 100% always correct, so all indicators repaint? No you've got something inside your head here. Repainting is when an indicator removes its past signals when they are incorrect! Does it need to? Heck NO! You could just as well leave the old signals on, and the indicator can even mark somewhere that that signal does not stand anymore. 4 bars back it doesnt need to REMOVE what it THOUGHT in the past at that point.

Are we all idiots here? None of these indicators need to repaint. If you want an indicator that does not JUST show what it thinks at the moment. But what it has thought before, then you would do best to not make it remove its past signals and fake what it thought before.

Say we have an indicator that calculates the High-Low for the current bar. It then compares it to the average of the last X amount of bars. Now with this indicator it also lets us know with a signal, if the bar is X amount above average. Signaling that it might not be able to go much further. That's it. Then it does the same for the next bar, calculating its High-Low comparing it to the new average.

But what you would like it to do for some absolutely UNEXPLAINABLE reason, is to remove its last signal if the next bar was bigger then that current bar. So now in history, it looks like that bar wasn't actually above average at all. That is what you want to do, and you say it is needed. And all of the others here that have said repainting is needed.

So in all friendliness would somebody explain what is the benefit of changing a bar 5 bars back that was above average then, to make it now say it actually wasn't above the average High-Low distance? When it was, and probably ALSO is now with the new average. But its removed just because the next bar was also above average?
  • #4,387
  • Jan 17, 2012 5:45am Jan 17, 2012 5:45am
Lazy Pawn You wrote
Close your platform. Delete the file mqlcache.dat found in the experts/indicators folder. Restart platform, then look for the new indicator in the custom indicators panel. If it doesn't work, delete some of the custom indicators that you no longer need, then repeat the process.
Thanks I have done what you advised and problem solved
  • #4,388
  • Jan 17, 2012 5:50am Jan 17, 2012 5:50am
Quoting Evaluator

Thank you very much for the semafor indi Eval.
  • #4,389
  • Jan 17, 2012 5:52am Jan 17, 2012 5:52am
Quoting longfellow
I haven't fully settled on the setting for stochs, either 11,3,3 or 5,3,3 but here they are:

Longfellow,
Can you tell me what settings you have for the FX5 Divergence? What TF do you trade and should the set up change depending on the TF? Thank you very much for the indi.
  • #4,390
  • Jan 17, 2012 6:10am Jan 17, 2012 6:10am
Quoting MKK
Hey,

Can you please tell me if that indicator repaints or not?

Thank you

read post#1
  • #4,391
  • Jan 17, 2012 6:13am Jan 17, 2012 6:13am
Quoting FXSwissTrader
Thank you very much for the semafor indi Eval.

bitte!
  • #4,392
  • Jan 17, 2012 6:27am Jan 17, 2012 6:27am
Quoting lhDT
Hi Symphonie traders,

Here is the new Symphonie Signal Indicator V1.7 (no 1.6!)
lhDT. Thank very much for all your efforts. I want to ask a favor. Since I use symphonie in H1 and H4, it is possible to include an email alert to entry and exit?

Thank you very much.
Enter Signature
  • #4,393
  • Jan 17, 2012 6:47am Jan 17, 2012 6:47am
Quoting abtrader
I thought repaint meant removing past signals if they proved to be incorrect, and not simply that repainting means incorrect signals????

Of course indicators aren't 100% always correct, so all indicators repaint? No you've got something inside your head here. Repainting is when an indicator removes its past signals when they are incorrect! Does it need to? Heck NO! You could just as well leave the old signals on, and the indicator can even mark somewhere that that signal does not stand anymore. 4 bars back it doesnt need to REMOVE what it THOUGHT...
No, I didn't say that at all, I said an extreme of price...which is what the poster was referring to (the semaphore) will repaint, it is showing what it thinks is the high or low in a swing, when that gets overtaken it is no longer the swing high/low, which is why it can't be relied on, on its own. I said nothing about other indicators and in general I'm not too keen on repainting indicators because they are no good at all for backtesting.

I use the extreme indicator with history because that way it can be backtested, and I don't rely on the bull/bear indicator because that will repaint many bars back and I use price action to decide on a trade, so I am not a fan of repainting indicators, but what I would say, repainting or not, there is no disputing the fact that in live, forward testing, this strategy with its many repainting indicators works a treat
  • #4,394
  • Jan 17, 2012 6:56am Jan 17, 2012 6:56am
Quoting ohammond
No, I didn't say that at all, I said an extreme of price...which is what the poster was referring to (the semaphore) will repaint, it is showing what it thinks is the high or low in a swing, when that gets overtaken it is no longer the swing high/low, which is why it can't be relied on, on its own. I said nothing about other indicators and in general I'm not too keen on repainting indicators because they are no good at all for backtesting.

I use the extreme indicator with history because that way it can be backtested, and I don't rely on the...

To reinforce what ohammond said...the Extreme indikator is just a marking tool that tells you ''hey!...a top is forming!!'' It is not telling you that this is the top it is just warning you that levels have been reached and that a top MAYBE forming.

Remember Symphonie Trade System is a TOTAL system where all 4 indikators must be aligned before you should consider taking an action. So, do not get hung up on just 1 indikator or you will get burned everytime!

Also, remember to use the next timeframe higher to confrim the validation of the signal so you can truely get into the market trend at the best postion to profit.

When I was first designing Symphonie I made this graph and that is what I constructed the Symphonie model on. Notice that I am not entering at the tops or the bottoms....Symphonie is designed to get you into the market on the back side of a movement where you catch the main section of a price action movement.

So, wait for all the indikators to give you a signal. Trying to jump a signal will burn you every time.

Evaluator.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Trading Cycle Diagram.jpg Size: 120 KB
  • #4,395
  • Jan 17, 2012 7:31am Jan 17, 2012 7:31am
Thanks for all your great work and help by creating the indicators. I think the latest v1.7 is great.
  • #4,396
  • Jan 17, 2012 7:34am Jan 17, 2012 7:34am
Quoting rcbarlow
Thanks for all your great work and help by creating the indicators. I think the latest v1.7 is great.
I'll second that. The signals indicator really adds something great to Symphonie. Thanks for all the hard work that's gone into programming it.
  • #4,397
  • Edited 8:16am Jan 17, 2012 8:03am | Edited 8:16am
Quoting Evaluator
It is not telling you that this is the top it is just warning you that levels have been reached and that a top MAYBE forming.
The only signals that you use in trading are the current signals, you don't use old ones. So when you look back 20 bars into the past, what is the use? To see the history and what has happened before. But this indicator screws that up, and pretends to show the history, yet is removing all places where it thought a top was forming, but was wrong. But keeping the places where it was correct. I'm just saying that I see absolutely no reason for that. Why doesn't it just remove all old signals, or keep all of them?

"It is not telling you that this is the top it is just warning you that levels have been reached and that a top MAYBE forming. "

And yes I know it is just warning me that a top maybe forming. But then you look into the past, and it has removed all those places where it had warned you before but price went further. So it is now using the future, to filter out bad old signals. You are not going to use them anyway, correct or incorrect. But it removes the incorrect ones.

And if we think about the calculations behind this indicator and not what its output signal is. We just have this simple criteria, to pop a signal if value = more than X. (most likely something like that). So when it removes it later on what many think is that value was actually not more than X at that time or for that bar. But it was and will always be. But its filtering it later on to remove signals where price LATER ON didn't follow the expected outcome that this signal was supposed to achieve.

Edit: I'll also just say that I don't have anything against these indicators or this system. I am just saying I'm against the way they handle old signals. As it is so misleading and not needed. My purpose was to find why it needs to remove old signals. I have yet to find out why. You can do something like change the color of the signal if it turns out wrong, then you still know that at this bar this indicator thought price couldn't go further up. But it did. Simple.
  • #4,398
  • Jan 17, 2012 8:27am Jan 17, 2012 8:27am
Quoting abtrader
The only signals that you use in trading are the current signals, you don't use old ones. So when you look back 20 bars into the past, what is the use? To see the history and what has happened before. But this indicator screws that up, and pretends to show the history, yet is removing all places where it thought a top was forming, but was wrong. But keeping the places where it was correct. I'm just saying that I see absolutely no reason for that. Why doesn't it just remove all old signals, or keep all of them?

"It is not telling you that this...

abtrader,

What you are describing is the ''holy Grail'' of indikators that picks the tops and bottoms of price action movements perfectly. Let me know when you find it because I will ditch Symphonie and go with that one.

THAT DOES NOT EXISTS and never will! If you don't like the original Symphonie Extreme Indikator there is a version 2 that when it repaints it leave a dot marking the point of repaint. I will attach to this post.

I think you are missing the point of my post and that is DO NOT be all comsumed by the Extreme Spike Indikator. It is a marker and only that like a warning flare in the sky. It is a point where you need to start paying attention to the other indikators for a possible trading signal.

Quote
And if we think about the calculations behind this indicator and not what its output signal is. We just have this simple criteria, to pop a signal if value = more than X. (most likely something like that).
Welcome to the world of Forex. If it were that simple don't you think everyone would be billionaire by now?? The markets like real life are totally unpredictable and do their best to trick you out and take your money. That is why 80% of traders fail.....

Keep searching for that ''holy Grail'' and please let us know when you find it, Sir abtrader.

Good luck on your quest.

Evaluator.
Attached Image (click to enlarge)
Click to Enlarge Name: holy grail 4.jpg Size: 38 KB
Attached File(s)
File Type: ex4 Symphonie Extreme Indicator v2.ex4   20 KB | 712 downloads
  • #4,399
  • Edited 8:39am Jan 17, 2012 8:28am | Edited 8:39am
Loving this V 1.7!! Question....What determines the SL and TP? I had one trade on USD/JPY on a 5M chart and the SL was 175pips! Then another on NZD/USD where it was only 7.5 pips? I too do not see the zig zag lines and I have the indicator in my list. Not a big deal though....I really like the Money Managment that was added. Big thanks!


*Nevermind, I see that ATR is used and or Fib levels in the settings......Is there a preference to which to use as your SL and TP?
  • #4,400
  • Jan 17, 2012 8:29am Jan 17, 2012 8:29am
Well, for me repainting is needed to know which one of the previous signal still valid. I didn't need those invalids, easier to wipe them than to look one by one which of those signal were the valid one. I use this to trade forward, not backward.
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