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Symphonie Trader System

  • #4,941
  • Feb 7, 2012 3:59pm Feb 7, 2012 3:59pm
First I would like to thank Eval for putting together such a great system.

I do have a question though. How many history bars back are you using in your chart? What I mean is, under the Tools-> Options-> Charts tab settings, what do you have the "Max bars in history" and "Max bars in chart" set to?

The reason I am asking is I have noticed that the Symphonie Extreme Indicator V2 changes when you change the number of bars in your history. To see what I mean, you would need to change the settings in "Max bars in history" and "Max bars in chart" to 3000 for example, restart MT4, then open a chart and use the "Pageup" button on your keyboard to scroll over all the way to the left, then restart MT4 and look at the same chart again. You will see the Symphonie Extreme Indicator V2 is differnet then if you were to use 5000 history bars for example.

My point is this, if you keep the "Max bars in history" setting to default in MT4, then the longer you use these indicators on a chart, the longer you will add historical data to your chart, changing the way the Symphonie Extreme Indicator V2 works from the first day that you installed the indicator.

I think post #4924 by Passerby confirms what I am trying to explain here.

I hope what I wrote makes since and hope Eval or someone else is willing to help.

Thanks,
Mike
  • #4,942
  • Feb 7, 2012 5:56pm Feb 7, 2012 5:56pm
Quoting MagicMike
First I would like to thank Eval for putting together such a great system.

I do have a question though. How many history bars back are you using in your chart? What I mean is, under the Tools-> Options-> Charts tab settings, what do you have the "Max bars in history" and "Max bars in chart" set to?

The reason I am asking is I have noticed that the Symphonie Extreme Indicator V2 changes when you change the number of bars in your history. To see what I mean, you would need to change the settings in "Max bars in history" and "Max bars in...

I understand what you're saying, and I'm sure that Eval is going to tell you that he just uses the indicators with default settings.....he's said so many times, but no doubt he'll correct me if I'm wrong.

I don't disagree with what you're saying, but I think you are falling into the trap of many newcomers to the system......you are placing too much importance on the Extreme indi. The system works due to a *symphonie* of confluence across all the indicators.....with no one indicator being given any priority over another. If they all agree with each other, you have a trade opportunity......if one indi doesn't agree, then the trade is risky and should not be taken. It's that simple.

If you look at my recent chart here, you can see that all 4 indi's (on the matrix) agreed to take the trade (long). (In my case, I have the stochastic that also agreed......the yellow MA agreed......even my arrow agreed.....hell.....take the damn trade already!!!)

But even ignoring my personal favourite indi's, and just focusing on the matrix of symphonie.....we have 4 blues.....100% agreement to enter a long trade according to the rules of the system. If *any* one of those indies is red, then the conditions of a long trade have not been met.

The extreme indi is just a top/bottom picker and as we know will repaint....it has to, and that makes it inherently unreliable on it's own. Don't fall into the trap of giving this one indi any special preference, it is just one part of the system, not the system itself.

As an aside, I have just helped a friend set this up on a band new install of MT4 (yesterday), and he is seeing the same trade opportunities as me when using the system as a symphonie of indicators.

Hope this helps

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,943
  • Feb 7, 2012 8:06pm Feb 7, 2012 8:06pm
What I mean is, under the Tools-> Options-> Charts tab settings, what do you have the "Max bars in history" and "Max bars in chart" set to?

hi mike

i also had to change the settings because of slowdown on my computer. i have the following setting: max bars in history 10000 and max bars in chart 5000. i also have two different brokers open with the same charts and they show me different extreme spikes.

so whats my solution. I take a look on both brokers and the first matrix which shows me all 4 indis in line i take. normally the other one follows with the next repaint.

even with the same broker, same settings on 2 diff. computers i see different signals. take it easy and try to find a solution for yourself which fits you best.

greetings
ManilaSpurs
  • #4,944
  • Feb 7, 2012 10:12pm Feb 7, 2012 10:12pm
Quoting realjumper
Nice going Yelena. That move after Bernanke has been running his mouth happened after I went to sleep, so I didn't see it at all. But I picked up +132 since Asian open until just before NY open.....all on small trades (apart from 1 trade at +53), and all on the M1 charts!!! M1 trading has been quite good during this choppy market, but you have to keep a close watch, like Noda San, because the action comes pretty quickly.

So we know M1 works and we already know M5 works. Eval has been successful on M15 as well......so there ought to be a time frame...
I got that signal but didn't take the trade, my SL at GBPUSD hitted at that time. Stoch was in overbought and blue line crossed the red one, price just hit recent high and my internet connection is not stable.
  • #4,945
  • Feb 8, 2012 12:44am Feb 8, 2012 12:44am
Quoting MagicMike
First I would like to thank Eval for putting together such a great system.

I do have a question though. How many history bars back are you using in your chart? What I mean is, under the Tools-> Options-> Charts tab settings, what do you have the "Max bars in history" and "Max bars in chart" set to?

The reason I am asking is I have noticed that the Symphonie Extreme Indicator V2 changes when you change the number of bars in your history. To see what I mean, you would need to change the settings in "Max bars in history" and "Max bars in...
MagicMike,

I use whatever the default setting are and have never changed that setting. I think it is 650000 with history of 512000....

Evaluator
  • #4,946
  • Feb 8, 2012 12:49am Feb 8, 2012 12:49am
Quoting realjumper
I understand what you're saying, and I'm sure that Eval is going to tell you that he just uses the indicators with default settings.....he's said so many times, but no doubt he'll correct me if I'm wrong.

I don't disagree with what you're saying, but I think you are falling into the trap of many newcomers to the system......you are placing too much importance on the Extreme indi. The system works due to a *symphonie* of confluence across all the indicators.....with no one indicator being given any priority over another. If they all agree with each...

realjumper,

You read my mind and are exactly correct!!! I could not have say any better than your great explaination.

Thanks!

Eval.
  • #4,947
  • Feb 8, 2012 12:50am Feb 8, 2012 12:50am
Quoting realjumper
So we know M1 works and we already know M5 works. Eval has been successful on M15 as well......so there ought to be a time frame there to suit most of us.
And the H1 works a treat as well
  • #4,948
  • Feb 8, 2012 12:53am Feb 8, 2012 12:53am
Quoting ohammond
And the H1 works a treat as well

ohammond

does 1 hour seem to be less of whipsaw and easier to trade? I was thinking of trading 1 hour for a month to see how well Symphonie trades in that tiumeframe. (it seemed a good timeframe for non fulltime traders)

Eval.:nerd:
  • #4,949
  • Feb 8, 2012 12:59am Feb 8, 2012 12:59am
Quoting realjumper
Nice going Yelena. That move after Bernanke has been running his mouth happened after I went to sleep, so I didn't see it at all. But I picked up +132 since Asian open until just before NY open.....all on small trades (apart from 1 trade at +53), and all on the M1 charts!!! M1 trading has been quite good during this choppy market, but you have to keep a close watch, like Noda San, because the action comes pretty quickly.

So we know M1 works and we already know M5 works. Eval has been successful on M15 as well......so there ought to be a time frame...
Dear RJ

When you trade the 1 min, do you look at higher time frames for extra verification and if yes can you please tell us what?
Enter Signature
  • #4,950
  • Feb 8, 2012 1:03am Feb 8, 2012 1:03am
Quoting Evaluator
ohammond

does 1 hour seem to be less of whipsaw and easier to trade? I was thinking of trading 1 hour for a month to see how well Symphonie trades in that tiumeframe. (it seemed a good timeframe for non fulltime traders)

Eval.:nerd:
Its a lot less whipsaw, and works really well, last week for instance there were 5 trades (not counting around NFP) on EU I took 50 pips on each but could have got a great deal more, still working on the exits but signal to signal looks pretty good. I have found though that as I'm pretty busy with some other things at the moment, having to go away from my computer for quite a while, I tend to miss some very good trades whereas on the smaller timeframes there is always something to trade.
  • #4,951
  • Feb 8, 2012 1:21am Feb 8, 2012 1:21am
Quoting ohammond
And the H1 works a treat as well
That's good to know.....thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,952
  • Feb 8, 2012 1:24am Feb 8, 2012 1:24am
Quoting thomasK
Dear RJ

When you trade the 1 min, do you look at higher time frames for extra verification and if yes can you please tell us what?
Not really.....I sometimes have a quick look at the M5 to check the stochastic situation, but that's about all. The M1 doesn't leave a lot of time for checking other charts!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,953
  • Feb 8, 2012 1:32am Feb 8, 2012 1:32am
Quoting realjumper
Not really.....I sometimes have a quick look at the M5 to check the stochastic situation, but that's about all. The M1 doesn't leave a lot of time for checking other charts!
I am testing M1 TF from this morning, too many whipsaw. M5 is too much for me, and I think I couldn't handle trading on M1 TF. M15 is far easier but you wouldn't enter to many trades and the gain is significantly smaller than M5, but W/L ratio is very good on M15. I think for now, I'll stick with M5.
  • #4,954
  • Feb 8, 2012 1:38am Feb 8, 2012 1:38am
Quoting Passerby
I am testing M1 TF from this morning, too many whipsaw. M5 is too much for me, and I think I couldn't handle trading on M1 TF. M15 is far easier but you wouldn't enter to many trades and the gain is significantly smaller than M5, but W/L ratio is very good on M15. I think for now, I'll stick with M5.
It's time frame specific.....and it's market specific. M1 trading is for ranging, choppy markets, and it is to be used outside of the Asian session.....I trade Frankie and half of London only.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,955
  • Feb 8, 2012 3:31am Feb 8, 2012 3:31am
  •  amcm
  • | Joined Sep 2010 | Status: assetmanagement-bfi.com, thanks... | 38 Posts
Hi Evaluator,

I look for the earlier version but i didn't find. Can you put link were is earlier version?

And thanks for your good work.

Quoting Evaluator
distantpulse,

I think you may be correct. If so, then use earlier version.

Eval.
  • #4,956
  • Feb 8, 2012 3:39am Feb 8, 2012 3:39am
Quoting amcm
Hi Evaluator,

I look for the earlier version but i didn't find. Can you put link were is earlier version?

And thanks for your good work.
Check this post
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,957
  • Feb 8, 2012 3:41am Feb 8, 2012 3:41am
EVALUATOR,
I am new in this forum but enjoy this thread a lot.
To be frank, I am happy to be here this moment. I have seen your system and thoroughly glance through from page 1 to end. I wish to apply it as my system but still consider my self as a Newbie.
How do I download these indicators;

http://www.forexfactory.com/images/attach/tpl.gif symphonie trader basic v2 template.tpl
http://www.forexfactory.com/images/attach/mq4.gif Symphonie SentimentEmotion Combi Indikator v1.0.mq4
http://www.forexfactory.com/images/attach/mq4.gif Symphonie_Trendline_Indikator.mq4
http://www.forexfactory.com/images/attach/mq4.gif Symphonie_Market_Emotion_Indikator.mq4 and the other two.


It seems I need to first of all get a program or software. All my effort to download these indicator proved abortive. Can anyone help please?
  • #4,958
  • Feb 8, 2012 4:12am Feb 8, 2012 4:12am
Quoting 4xpipsense
EVALUATOR,
I am new in this forum but enjoy this thread a lot.
To be frank, I am happy to be here this moment. I have seen your system and thoroughly glance through from page 1 to end. I wish to apply it as my system but still consider my self as a Newbie.
How do I download these indicators;

http://www.forexfactory.com/images/attach/tpl.gif symphonie trader basic v2 template.tpl
http://www.forexfactory.com/images/attach/mq4.gif...

4xpipsense,

Welcome to Symphonie System. First you must have the MetaTrader software. Then you simply click on the files and they should download to your computer. Then install them in the Experts\Indikator folder and the tpl file in your template folder. Then start up Metatrader and you should see them to install in a chart.

Good Luck,

Evaluator.:nerd:
  • #4,959
  • Feb 8, 2012 4:12am Feb 8, 2012 4:12am
Quoting 4xpipsense
EVALUATOR,
I am new in this forum but enjoy this thread a lot.
To be frank, I am happy to be here this moment. I have seen your system and thoroughly glance through from page 1 to end. I wish to apply it as my system but still consider my self as a Newbie.
How do I download these indicators;

http://www.forexfactory.com/images/attach/tpl.gif symphonie trader basic v2 template.tpl
http://www.forexfactory.com/images/attach/mq4.gif...
Hmmmmm.......For the basics of MT4, go here
For the basics of how to trade, go here
Doing what you like is Freedom. Liking what you do is Happiness.
  • #4,960
  • Feb 8, 2012 4:18am Feb 8, 2012 4:18am
Greek political leaders meeting delayed till 3pm Athens time from the noon schedule. That equals NY opening time.....fwiw.
Doing what you like is Freedom. Liking what you do is Happiness.
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