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Attachments: Symphonie Trader System
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Symphonie Trader System

  • #6,221
  • Feb 21, 2012 5:36am Feb 21, 2012 5:36am
Quoting maudur
RJ, Can you please explain how are exits in scalping? Almost always I exit very fast gaining or losing.

Thank you very much.
As with my normal exits, explained here, scalping exits isn't an exact science either.

I'm pretty much looking for spikes while the stochastic is in the extremes of oversold/overbought, as well as pivots and known S/R levels. The MA crosses do come into it, but they aren't my first thought.

In the 3 exits on the chart, the first was due to a spike while stoch very oversold. The second due to a spike while stoch overbought and turning over. The third, due to spike (that repainted), stoch oversold and PA hitting the Daily Pivot.

If you can get your SL to break even, try to let the trade run until you see an obvious sign to exit. What's the worst that can happen?.......your stop gets hit and you lose nothing....can't be all bad can it? May as well let the free trade run and see what fruit it bears for you
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 149 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,222
  • Feb 21, 2012 5:37am Feb 21, 2012 5:37am
Good Day everyone,

As I mentioned yesterday, I will not post anything on this thread about any other trading system other than Symphonie. I believe Symphonie is a sound and proven system.

At the request of a lot of you who want to explore further what we were doing the past couple of days, I have started a new thread named Extreme TMA System. This is the actual system that I trade everyday. If you want to contribute to it, you are welcome. I will continue to contribute to the Symphonie thread occasionally.

Thanks Evaluator for a job well done every day.
Observation is the path to discovery.
  • #6,223
  • Feb 21, 2012 5:38am Feb 21, 2012 5:38am
New to the thread, very impressed by the system, I am currently using the system on the gbpusd on a 15 minute chart.
Just one question people, when in a trade if the trend changes colour do you come out the trade, or wait till the extreme indicator signals to exit the trade ?
Thanks
  • #6,224
  • Feb 21, 2012 5:39am Feb 21, 2012 5:39am
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the Symphonie 1min 20/5 has a bit more deals but goes earlier in and earlier out. that means the profits are higher and the losses smaller. if it is ranging within the 20-30 pips the buy and sell signals are about similar levels. you loose only 2-7 pips.

the Symphonie 1min 45/15 has no problems with small retracements of 20 ' 30 pips because the trendline holds you in the trade. but the negative side is, if there is a retracement or a range market of 40-50 pips you go in the trade at the end of the move and the ranging could hurt you vm.

it looks for me at least the Symphonie 1min 20/5 is the safest and most productive system for scalping of these 3 versions.

if anybody is also testing different ways of scalping or the same ones, pls tell me what is your experience??

good trading
ManilaSpurs
  • #6,225
  • Feb 21, 2012 5:50am Feb 21, 2012 5:50am
Quoting realjumper
As with my normal exits, explained here, scalping exits isn't an exact science either.

...
RJ, Excellent explanation.

Thank you very much.
Enter Signature
  • #6,226
  • Feb 21, 2012 5:59am Feb 21, 2012 5:59am
Quoting yelena
here, attached.

still using fibo expansion for SL,TP1 and TP2. i like bagging what i can, not what i could have (which often turns to "could never be" )
Yelena,

Thank you very much.

I've seen the results in H1, which I think are very good.

I was watching the Backtesting excel to AUDJPY and I think you explain very well the strategy.

Right now I'm in an order in EURUSD (Short) at 1.3230. Now +28 pips.

Thank you very much and the same for Eval and RealJumper.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 124 KB
Enter Signature
  • #6,227
  • Feb 21, 2012 6:02am Feb 21, 2012 6:02am
Quoting ManilaSpurs
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the...
Great job ManilaSpurs.
Thanx for the tips
.... laughing all the way to the bank
  • #6,228
  • Feb 21, 2012 6:04am Feb 21, 2012 6:04am
Quoting ManilaSpurs
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the...
good job
thanks for sharing

can you precise what was your exit signal in symphonie test ? Spike only ? Spike + other indy ?
  • #6,229
  • Feb 21, 2012 6:09am Feb 21, 2012 6:09am
Quoting ManilaSpurs
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the...
Very interesting. I have had similar results using Symphonie 1min 20/5 setting, especially in tight ranges when M5 trading just isn't feasible.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,230
  • Feb 21, 2012 6:15am Feb 21, 2012 6:15am
Quoting ManilaSpurs
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the...
would have been interesting to run the test on all 3 same tfs, 1min or 5min for all methods
I guess your test with stmphonie method (20,5) if run on 5min would have make same profit as alorente on 5min

symphonie on 1min looks more profitable
  • #6,231
  • Feb 21, 2012 6:17am Feb 21, 2012 6:17am
Thought I'd post a screenshot of Symphonie on FXCM's charting software: Marketscope. The other Symphonie indicators aren't available for FXCM yet......but one day hopefully......
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 285 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,232
  • Feb 21, 2012 6:18am Feb 21, 2012 6:18am
Quoting realjumper
Very interesting. I have had similar results using Symphonie 1min 20/5 setting, especially in tight ranges when M5 trading just isn't feasible.
yes today symphonie on 5min works only if you exit before symphonie signal, like on a pivot or on a S/R
otherwise your profit is = 0
  • #6,233
  • Feb 21, 2012 6:21am Feb 21, 2012 6:21am
Quoting ManilaSpurs
i started trading at 7.55 cet this morning with eurusd until 12.00 lunchtime.
all trades were reversed trades, means i had all the time a open position.

Alorante's way 5min: 6 trades: 20, -17, -5, 21, 27, -8, total of + 38 pips
Symphonie 1min 20/5 setting: 7 trades: 30, -2, 27, 8, -5, 26, -4,total of + 80 pips
Symphonie 1min 45/15 setting : sorry missed one trade

what i observed with Alorante's trading, there is a problem (losses) when the market stays within a 20-30 pips range and moves up and down.

the Symphonie 1min...
Nice report...I too have been using the 20/5 setting for the one min charts. I dont take every trade as I have business comitments but always gives me a few pips daily, but nice to see your report
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #6,234
  • Feb 21, 2012 6:22am Feb 21, 2012 6:22am
Quoting Alex84
good job
thanks for sharing

can you precise what was your exit signal in symphonie test ? Spike only ? Spike + other indy ?
in Alorantes way: Spike and MA Histo
for the Symphonies: all 4 indicators as usual

but its not a exit signal, its a turnaround signal.
if you are in a long position then you sell double of amount to go short
if you are in a short position then you buy double of amount to go long

you have the whole day a position and have to monitor it carefully.
the 1 min market is fast be aware

for rookies better you trade a bigger timeframe first like 15min to get used to it.
  • #6,235
  • Feb 21, 2012 6:24am Feb 21, 2012 6:24am
Quoting Alex84
yes today symphonie on 5min works only if you exit before symphonie signal, like on a pivot or on a S/R
otherwise your profit is = 0
Not quite right, the sell would still be in from 9.55 gmt because there has been no buy signal yet.
  • #6,236
  • Feb 21, 2012 6:28am Feb 21, 2012 6:28am
Quoting ohammond
Not quite right, the sell would still be in from 9.55 gmt because there has been no buy signal yet.
if you follow the spike rules you had an exit
i guess it repainted after and doesnt show anymore in the matrix
  • #6,237
  • Feb 21, 2012 6:33am Feb 21, 2012 6:33am
Quoting Alex84
if you follow the spike rules you had an exit
i guess it repainted after and doesnt show anymore in the matrix
No, they were coming out with a full sell/buy signal not just spikes because they were reversing, going from long to short etc.
  • #6,238
  • Feb 21, 2012 6:34am Feb 21, 2012 6:34am
Quoting andyvxr
New to the thread, very impressed by the system, I am currently using the system on the gbpusd on a 15 minute chart.
Just one question people, when in a trade if the trend changes colour do you come out the trade, or wait till the extreme indicator signals to exit the trade ?
Thanks
Hi I dont trade the 15m chart but Im fairly certain that the extreme spike with colour would appear before the trendline changes colour if your settings are correct..

If you were to take exit strategy one you would exit on show of extreme spike with colour and close of candle.( recomended for people new to this)

If you were to take the most agressive exit rule you would wait for the trendline to change colour but in my book this is not for the faint hearted and I never use this exit rule..
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #6,239
  • Feb 21, 2012 6:47am Feb 21, 2012 6:47am
Quoting realjumper
Very interesting. I have had similar results using Symphonie 1min 20/5 setting, especially in tight ranges when M5 trading just isn't feasible.
sometimes i think you are on drugs that's why you thrive on M1 so much!

M5, tight ranges? come on, whether AU, AJ or EU my nose is already bleeding! i absorbed losses an hour ago but im stil 78 pips in the green and just liquidated another 21 pips for my buy with AU... another successful countertrend due to a pin bar in H1. but the hour only has less than 15 mins and TP1 has been hit. 99 pips already. whew
  • #6,240
  • Feb 21, 2012 6:53am Feb 21, 2012 6:53am
Quoting yelena
sometimes i think you are on drugs that's why you thrive on M1 so much!

M5, tight ranges? come on, whether AU, AJ or EU my nose is already bleeding! i absorbed losses an hour ago but im stil 78 pips in the green and just liquidated another 21 pips for my buy with AU... another successful countertrend due to a pin bar in H1. but the hour only has less than 15 mins and TP1 has been hit. 99 pips already. whew
Sometimes I think I'm on drugs too.....especially when I see the results you are getting and knowing that you are a noobie!!!!!

You impress the hell out of me, that's for sure!!!!
Doing what you like is Freedom. Liking what you do is Happiness.
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