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Symphonie Trader System

  • #4,681
  • Jan 26, 2012 9:41am Jan 26, 2012 9:41am
Quoting Passerby
Arghh..... bad trades. Exactly at 40 pips ATM, at a good day to trade. Miss some big event, only scalping through the day. Taking a nap earlier cost me some pips.
You're not alone. It's a bad day for me too ... yesterday was nice and I think I felt too greedy this morning, I took bigger lots and lost ...
I shut down the station and I stay away . It happens ...
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  • #4,682
  • Jan 26, 2012 10:28am Jan 26, 2012 10:28am
lhDT,
Thanx so much for the indies- I especially like the stoxmtf with the meter. Pure genius
.... laughing all the way to the bank
  • #4,683
  • Jan 26, 2012 10:35am Jan 26, 2012 10:35am
Quoting itsallover
lhDT,
Thanx so much for the indies- I especially like the stoxmtf with the meter. Pure genius
.... maybe you could modify the Heiken Ashi indie? Please?
That would be awesome!
.... laughing all the way to the bank
  • #4,684
  • Jan 26, 2012 11:35am Jan 26, 2012 11:35am
Quoting lhDT
You're not alone. It's a bad day for me too ... yesterday was nice and I think I felt too greedy this morning, I took bigger lots and lost ...
I shut down the station and I stay away . It happens ...
I wait more than 2 hours but market goes nowhere, every symphonie signal contradict with stochastic. I then decided to wait for London session and take a nap, I woke up when the prices up already. Made 16 trades, 4 losers and 12 winners. The thing that I regret is I don't feel very confident, cut 2 position which proved to be winning trades. I exit too early for some position, which makes me decides to stay longer in the next one and result in 2 losers.

BTW, sorry for your loss. Hope tomorrow would be a better day for both of us. Well I think if the price reverse then market should move significantly tomorrow.
  • #4,685
  • Jan 26, 2012 12:21pm Jan 26, 2012 12:21pm
Quoting itsallover
.... maybe you could modify the Heiken Ashi indie?
I'm right now restructuring the available HA MTF matrix, so what exactly do you want to get modified?
  • #4,686
  • Jan 26, 2012 2:09pm Jan 26, 2012 2:09pm
I noticed a pattern, remember the tips about stochastic indicator in page 1. Well, Eval said that when you got a signal but stoch are in 80% are of oversold/overbought of opposing position should be avoided and wait for another signal with better positioning on stochastic indicator.

Most of the time ,even if the symphonie signal is not a valid signal, the price would be back or near the point where the signal appeared. I got an idea if such situation happened then you could simply wait for the price go to the opposite way of symphonie suggest and open position in the same direction with the invalid signal after price retrace 2.0-3.0 x ATR or simply 20 to 25 pips for most cases.

I attach one of the situation when things like this happened. It was not a perfect example as it was 3AM here I couldn't wait for the price to go back near the entry signal. It was a buy signal with stochastic indicator suggest an overbought area. The price goes down but eventually after some time it would go back near where the symphonie signal appear. As this occurrence is happened quite often maybe this is a possible addition to symphonie system.

Note: I haven't done a forward test yet, I would do it tomorrow and would report the result of this method here. If someone would help me do a forward test and report the result here it would be great, because I won't always be in front of my trading platform all the time. We need those statistics to forecast the probability and how to enter the trade and when to exit which give us some pips but with minimal risk.

Well, it was used only for scalping for 10-20 pips, but an additional pips wouldn't hurt I think. Also note that the peak of the pull down after the signal is 10 pips or around 3,5xATR.
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  • #4,687
  • Edited Jan 27, 2012 2:13am Jan 26, 2012 2:13pm | Edited Jan 27, 2012 2:13am
I went trough the code of all 4 indicators and I saw something in the "Symphonie trendlines".

In fact it uses CCI (Commodity Channel Index) and ATR. Those two indies are built-in MT4 by default.
ATR is just used to plot the lines on the chart, as we only look for colors, we don't care of that so not usefull.
The main thing is the CCI and in fact, it's really simple to have the trendline color (or direction).

If CCI is above 0, it's blue (bull), if below 0, it's red (bear). Simple isn't ?
One important, information we're missing is the direction of the slope.
Example, if the slope is below 0 (red then) but goes up, shouldn't be blue instead ?

To be sure, I changed a bit the matrix indi and plot 2 matrix on the chart. One using normal information as we all use, and one with the slope.

Interesting ! What I saw is most of the time, we get get a bit earlier in a trade using the slope ! And most of the time, the "normal" trend settings goes blue/red (in our trade direction) a few bars later.

Check the attachment, yellow lines are the entries "classic" style and green lines are the entries "slope" style.

I attached the modified indicator if you want to use it.
There is a new param "UseSlope", set it to true to enable or false to use "classic" style.

What do you think ?

LhDT
Attached Image (click to enlarge)
Click to Enlarge Name: Screen-Shot-2012-01-26-at-20.56.14.gif Size: 50 KB
Attached File(s)
File Type: mq4 Symphonie Combi Matrix Indikator _v1.8.mq4   13 KB | 622 downloads
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  • #4,688
  • Jan 26, 2012 2:22pm Jan 26, 2012 2:22pm
Quoting Passerby
I noticed a pattern, remember the tips about stochastic indicator in page 1. Well, Eval said that when you got a signal but stoch are in 80% are of oversold/overbought of opposing position should be avoided and wait for another signal with better positioning on stochastic indicator.
In general, avoid entering LONG is stoch is in overbought (80-100) and avoid entering SHORT if stoch is oversold (0-20). Just do the opposite.

(Of course sometimes when stochs are OB it can continue go up or OS and continue go down, but that happens mostly when there is a news release or something abnormal).
#### Follow me at @LioH_ on Twitter ... ####
  • #4,689
  • Jan 26, 2012 2:44pm Jan 26, 2012 2:44pm
Quoting candletiger
I'm right now restructuring the available HA MTF matrix, so what exactly do you want to get modified?
candletiger,
A running meter like the one lhDT has on the stoxMTF would be a good start.
I have also tried your static HA Indie but it doesn't seem to provide any history further than just a few bars.
Any chance you could do something about it?
Thanx.
.... laughing all the way to the bank
  • #4,690
  • Jan 26, 2012 2:49pm Jan 26, 2012 2:49pm
Quoting lhDT
I went trough the code of all 4 indicators and I saw something in the "Symphonie trendlines".

In fact it uses CCI (Commodity Channel Index) and ATR. Those two indies are built-in MT4 by default.
ATR is just used to plot the lines on the chart, as we only look for colors, we don't care of that so not usefull.
The main thing is the CCI and in fact, it's really simple to have the trendline color (or direction).

If CCI is above 0, it's blue (bull), if below 0, it's red (bear). Simple isn't ?
One important, information we're missing is the...


Can't wait to try this version lhDT.
.... laughing all the way to the bank
  • #4,691
  • Jan 26, 2012 3:26pm Jan 26, 2012 3:26pm
As many of you know, if I could only have one indicator on my charts I would choose the stochastic. It's been around since 1950 and is still one of the best tools in your toolbox.

Many people don't get the most from the indi, they just use it to find over bought and over sold area's, which is all good, but they are missing the subtleties of the stochastic cross over as a entry/exit signal, and the stochastic divergence, which is one of the most reliable signals you will get, period!!

Rather than me explain it to you, there is a very good article here. Real the article and have a look at some charts with just the stochastic to see what you can learn.....go back and see how things panned out using just the stochastic. I'm sure that if you have a better understanding of it's value, you will spot more opportunities to make pips, and more opportunities to keep your money safe from the broker!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,692
  • Jan 26, 2012 3:30pm Jan 26, 2012 3:30pm
lhDT,
I can't seem to install the new version of Signals with the slope on my chart.
.... laughing all the way to the bank
  • #4,693
  • Jan 26, 2012 3:33pm Jan 26, 2012 3:33pm
Quoting itsallover
A running meter like the one lhDT has on the stoxMTF would be a good start.
Ok, with meter you mean the changing values right of the matrix, next to the TF? I can put pretty much any value there. As HA is no oszi, what do you want: HA open, HA close, ...?

Quote
I have also tried your static HA Indie but it doesn't seem to provide any history further than just a few bars.
Any chance you could do something about it?
Thanx.
This was more a trial version, that just "preserves" status of the indi immediately after the most current bar (of the chart) closed. That's why it just builds up a history copying every new closed bar.
Next version will do real calculation, so you can see the full non-repainted history immediately. So, in short, YES. Hope to submit it by tomorrow.
  • #4,694
  • Jan 26, 2012 3:47pm Jan 26, 2012 3:47pm
candletiger,
How about HA close.
I reckon as long as the figures we use are consistent we should get the same result.

Thanx for all your help and I look forward to the Indie.
.... laughing all the way to the bank
  • #4,695
  • Jan 26, 2012 4:56pm Jan 26, 2012 4:56pm
Quoting candletiger
Ok, with meter you mean the changing values right of the matrix, next to the TF? I can put pretty much any value there. As HA is no oszi, what do you want: HA open, HA close, ...?

This was more a trial version, that just "preserves" status of the indi immediately after the most current bar (of the chart) closed. That's why it just builds up a history copying every new closed bar.
Next version will do real calculation, so you can see the full non-repainted history immediately. So, in short, YES. Hope to submit it by tomorrow.
... oh I forgot something if its not too late.....
An alert when we get a full set in the same color.
.... laughing all the way to the bank
  • #4,696
  • Jan 26, 2012 7:39pm Jan 26, 2012 7:39pm
Quoting itsallover
... oh I forgot something if its not too late.....
An alert when we get a full set in the same color.
and please provide an input param setting to write(append) the "alert" info to a file, including price on that close. With that log file, it will be easier to do forward testing (leaving it running and review later) without having to be watching the computer for the alert messages or manually noting the price at the time of alert for "full set". Thx!
  • #4,697
  • Jan 26, 2012 7:54pm Jan 26, 2012 7:54pm
Quoting lhDT

I attached the modified indicator if you want to use it.
There is a new param "UseSlope", set it to true to enable or false to use "classic" style.

What do you think ?

LhDT
Great observation on a great tool! Looks interesting. To make it easier to compare both over time, please add a param to write (append) the Signal message to a log file. Also, please include the price (in addition to the other data you put in the alert message) on the close that triggered the signal. With a log file for history, we could run a test for a couple of days (weeks?), one chart with the slope and another chart with the "classic" way, and just compare signals in the two log files (or one log file, but a distinguishing label on each signal version, something like "SSIv1.8-Classic:" and "SSIv1.8-Slope").

Thanks for all your great work!
  • #4,698
  • Jan 26, 2012 9:00pm Jan 26, 2012 9:00pm
Quoting realjumper
As many of you know, if I could only have one indicator on my charts I would choose the stochastic. It's been around since 1950 and is still one of the best tools in your toolbox.

Many people don't get the most from the indi, they just use it to find over bought and over sold area's, which is all good, but they are missing the subtleties of the stochastic cross over as a entry/exit signal, and the stochastic divergence, which is one of the most reliable signals you will get, period!!



RJ
I must admit i only look for OB/OS with stoch. Thanks for the info, I read when RJ write.
  • #4,699
  • Jan 26, 2012 9:18pm Jan 26, 2012 9:18pm
Quoting pipette
I must admit i only look for OB/OS with stoch. Thanks for the info, I read when RJ write.
You have to be vigilant to spot these divergence opportunities.....they occur in all time frames and obviously the larger the time frame, the better the chance of success and the bigger the gain. For instance, the bear run that was turned around at 2620 was easily seen by a big divergence on the Daily.....it was just a matter of time that the bear run ended and the bulls took over.....and here we are at 3100.

On the M15 chart (attached), the drop from 3180 last night was indicated by the bearish divergence.....which gives a warning to get ready to exit the longs and look for a short signal.
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,700
  • Jan 26, 2012 9:22pm Jan 26, 2012 9:22pm
Quoting lhDT
I went trough the code of all 4 indicators and I saw something in the "Symphonie trendlines".

In fact it uses CCI (Commodity Channel Index) and ATR. Those two indies are built-in MT4 by default.
ATR is just used to plot the lines on the chart, as we only look for colors, we don't care of that so not usefull.
The main thing is the CCI and in fact, it's really simple to have the trendline color (or direction).

If CCI is above 0, it's blue (bull), if below 0, it's red (bear). Simple isn't ?
One important, information we're missing is the...
Hey LhDT,

The indicator you posted is the signal indicator and not the matrix. I think you meant to post the matrix indicator with the UseSlope parameter setting

Thanks
ian
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