Symphonie Trader System

When you're not sure, the best thing to do is to keep your money safe in your pocket. None of todays opportunities have been high probability setups in my opinion, so I'm content to wait this chop out until something better comes along. USA news in 3 hours may help.....maybe not. Either way, a good setup will happen sooner or later, and when it does, I'll swoop!!!

Thanks once again lhDT - the quiet achiever. I had no problem installing 1.8 on my mac with XP. I've still got 1.7 on another chart. I haven't examined everything yet but I notice the chart moves to the left quite a number of days when an action is taken eg going to another chart then when I come back its some 9 days back from today. Obviously that doesn't happen when the auto scroll is in place.

In relation to the pictures one will have to be very aware that the file will get very big unless its cleaned out regularly. Also I notice that the information in the indicator windows doesn't show up in the screen shots.
Cheers

this is because the indi refresh the chart at every new bar. It switch from W1 to your current timeframe. Be sure to have auto-scroll on !

Yes, indicator windows (bottom of the charts) aren't taken. This is probably due to the fact the indi (bottoms) can't load faster than the screenshot when refreshing.

There is error in V8,

text in upper rigth is diferent from matrix signals

Everyone,

I know over the past few days there have been many new indikators and posts about the best way to trade. I just want to make some clarifications that may clear up alot of confusion that many people may be having in regards to trading the Symphonie Trader System.

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Has the System changed?

Answer: No. The structure of the 4 basic elemental indikators gauging Emotion, Extreme, Sentiment, and Trend are still the same and have not changed since the day I started this thread.

Has there been addons?

Answer: Yes. There have been several addons and revisions in formats to the way signals are generated but the overall Symphonie System remains the same.(see Post#1)

What is with Heiken Ashi?

Answer: The MTF Heiken Ashi indikator was proved to show a power correlation and proved you with a stronger return on your Symphonie Signals generated. As you will see in the graph below I have outlined how I use Heiken Ashi. I view Heiken Ashi in the 240 min timeframe (top row of indikator) as the true daily trend tracker for price action. That means that if you trade Symphonie Signals in the same direction of the 4 hour (240 min) Heiken Ashi row you are more likely to receive a stronger Symphonie Signal that will provide you with a high rate of pip return than trading counter trend. (see Post#1 Tips Section and detailed explaination)

What is this I am hearing about higher timeframes as confirmation?

Answer: It was proven that if you receive a Symphonie Signal in 5 min and there was agreement in the Signal and the 15 min (next timeframe higher) emotion and sentiment indikator then the trade has a much higher probability to provide you with a valid positive pip signal because there is momentum behind the signal to keep the price action in the direction of the Symphonie Signal. (see Post#1 Tips Section and detailed explaination)

But doesn't that mean you have really changed the entry strategy?

Answer: Not really the same basic criterea for entry is the same and it all starts with the 4 indikator agreement creating a Symphonie Signal. Next you would confirm the validitiy of the signal by checking Heiken Ashi and the higher timeframe Sentiment and Emotion that is all.

Since you have added new confirmation properties to entry does that mean the four exit strategies has changed as well?

Answer: No. I still use the four outlined exit strategies from Post#1. I did however find an interesting correlation that make keep you in a higher probabily of more pips. As you see in the graph below the vertical dash lines represent Symphonie Signals in the 5 min timeframe. The shorter double lines represent exit points based off the opposing extreme spike with one small variation. I wait for the opposing extreme spike to remain for 3 bars before exit. I have found there is a higher probability to catch repaints versus loosing 5 to 10 pips of profit in most cases. So, my exits on Extreme Spikes like Exit Strategy 1 is slightly modified but not changed. No changes for the other three Exit Strategies.(see Post#1 for Exit Strategies )

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Below I have a graph showing my new trading chart that I think is cleaner than using the original format started when I began this thread. The Symphonie Matrix indikator does the exact same thing as the original four indikators because it is the same indikators just arranged in a easier to read format to help one identify signals.

The next indikator below Symphonie Matrix is the Heiken Ashi indikator that keeps me trading with the overall trend so one keeps trading with the trend and not against it. As you can see I have circles that identify entry and exit positions where the ''B'' represent trades in agreement with the overall trend (Heiken Ashi top row) and the other represents counter trend trades.

I personally like to trade with the trend but have been know to trade counter trend from time to time when Elliott Wave structure tells me the overall market action has reached turning points.

In conclusion, I hope this better explains my trade thought process and how I use Symphonie System to make positive trades and keep me out of bad loosing trades most of the time. It is my sincere wish this will be constructive to help everyone become a better trader and profit from the pack not get eaten by the pack.

Evaluator.:nerd:

P.S. I highly recommend everyone pay attention to Post#1 because as I state in the first line;

(This is a constantly updated document that will contain additions and modifications to strategy)

This is where I make updates and one can find the current sets of indikators that I reccomend for trading my system. Also, the tips section can help too.

Thanks Evaluator. That is really clear now. Are the versions of the indicators you are currently using the ones that we can find on the #1 post?

Regards

Eval, please confirm HA settings for: 15M, 30M and 1H
Thanks

I use default settings.

Ok, thanks, I agree . . . but try to move from 5M to 15M, 30M or 1H, The HA settings remains default for 5M. My point is: one have to manually change HA settings in HTF and I need to be sure about the top row.
I suppose that the settings for the top row (in higher TF´s) should be:
for 15M : 1440
for 30M: 10080
for 1H: 34200

am I wrong?

You are correct!! But if you are trading 15 min. I would not change any of the settings unless you are trading above 4 hour. Then you would need Heiken Ashi for weekly and monthly

yes mate, I even opened a new chart. MT4 build 409, FXDD broker

still not working


Yep, I already had all the necessary indicators installed.


latest MT4 update - check (409)
indicators needed - check

I using windows 7

as I said this is really weird because V1.7 works no problems, but 1.8 crashes my mt4 everytime!

I don't know what else could be wrong.

For now I would revert back to 1.7 then.

Eval
Many thanks for your clear exposition in post 4527
Would you recommend including stochastics in Entry/ Exit confirmatory conditions ?

It is really up to you if you wish to employ Stochastics. I use exit strategies from post #1

yes, that's what I am doing.

no worries.

when I get a signal it posts to other charts too - just got a USDCAD sell signal and the signal text also appeared on GBPUSD. I also have 2 other charts at once and the other two DIDNT get it. using V 1.8

4 winners and 2 loosers (actually single trade with two entry), a decline from yesterday 7 winners and single looser. Not a very good situation at London first session but there is still chances in NY session. As a note, I didn't follow 100% what the signal told me. But at least, it give warning when a storm growing.

And another thing to notice, got 100% winning trades at AUSUSD and NZDUSD pair from the system signal with default settings that Eval provide. Seems that the system hit the sweet spot on that pair or just lucky me, let time decides.

RJ and All,
Sorry it didn't happen with US multi news. Stiil sitting on the line...........

Waooh, Eval,
your new template is Z-generation compliant. Change???? We are now ages away from the one you started with. Just kiddding.......since the market seem asleep.

Well done for jobs you're doing very well(helping us pip-hunt).