Symphonie Trader System

This is the exact answer for my question, the market is horrible today, but your method seems working. By the way, I found this thread two weeks ago, it is gold, thank you Evaluator!

yes, see attached. I am +40 and in one trade now.

So you use this system not only for EU but for those other pairs as well? Maybe it was asked before, but is it working? Thanks for your answer!

EURUSD 5min. trading only frankfurt session till lunchbreak at 12h GMT.

overall this week: +42.3 Pips. strictly exit rule #2, emergency SL (50 or no SL if i'm not on toilet).
this week only use indicator versions #2 and matrix #2, trendline 20,5.

this month with 10 pairs 949.4 Pips some in 4h TF.
you don't know if it will be a choppy market or not and you need the big movers to cap your losses

+50 now.
5 X 10

Because the subject of scalping in 1 min has been the subject of discussion and many posts on this thread over the past few days with many methods being proposed plus one that has now produced a spinoff (Alorente's method) I would like to put in my opinion on this topic.

----------------------RealJumper's Method------------------------------
I have been playing with RealJumper's Symphonie 1 min method and it appears to have the most promise in being a consistant winner. It took me a long time to figure out his method and many trials and many boring correspondences with RealJumper as I am sure he is now totaly convinced I am a complete idiot. In understanding his wonderful method of using Symphonie.

As I understand it RealJumper uses

Symphonie Matrix v1.6
Settings:
Extreme indikator
1,3,2, false, 1,12,21

Emotion indikator
7
50.6
3000

Trendline indikator
20, 5

Sentiment indikator
12

Also,

MA line (that it moving average for the rest of us)
settings
Period 5

Shift 2

MA Method Exponential Apply Typical Price (HLC/3)

His special Arrow Indikator

and lastly,

Stochastics

Settings
11,3,3

In the attached screen shot I show a comlete cycle from Signal to close. Basically, RealJumper's Symphonie 1 min Method is if you have a Symphonie Signal, MA line price action level is in agreement with the signal (below MA line for sell/ above for buy), arrow pointing in agreement (although not necessary but nice to have) and Stochastics in agreement above 50 for sell (pointing down) and below 50 (pointing up) for buy; then all the correct conditions are met for placing an order.

The exit is basically when price action has moved opposite the MA line and stochastics has moved out of the oversold (below 20) or overbought (above 80) areas. This signal also interestingly agrees with my 4 bar Extreme Spike method (as indikated on the screenshot by the ''X'' in the Symphonie Matrix). So, I just go by the Extreme line of the Symphonie Matrix for my close signal.

Once I applied this method on 1 min I had 10 trade in the last 2 hour where I had 9 wins and 1 breakeven or 90% win ratio! This is in a heavy whispaw market action if I may add....!

From what I understand from RealJumper very rarely has loosing trades and has been trading this method for months with great results....KUDOS RealJumper!!!!!

You may wish to take a look at RealJumpers Symphonie Method as I think it will also work well in any timeframe not just 1 min.

To be fair the downside for me was a steep learning curve upfront to get a firm understanding of the exact method. Once that was accomplished, it was smooth sailing for entry and exit. So, beware if you are loosing on trades with this method at first it is because you are doing something wrong and you need to go back and relearn the process over again. I did this several times before I got it right.

------------------------------------------------------------------------

---------------------------Alorente Method-----------------------------

Because of all the discussion, I have also looked at the trading Method developed by Alorente that caused the spin-off thread Extreme TMA System go there and read his post #1 that is a full explianation of his method and all the indikators there.

This is NOT Symphonie even though its development came out of the Symphonie System but I have tried his method and I wish to make a few observations.

1.) I really like the TMA Bands indikator as I generally use Bollinger Bands as a personal guage for price action movements and the colours are very nice and helpful.

2.) All the other indikators in his method do repaint and while I don't think it is an issue for the action of ''NOW'' trading. (the act of taking a signal as it happens and not looking back if it repaint). I do find it very difficult to follow and keep track of your orders and placement in price action.

3.) Alorente's method only relys on the Symphonie Extreme indikator and no other. This is why it is not Symphonie and is a totally different animal. Also, I find that with the repaints there is no grounding of the method in trend and you may have orders where the price action moves against you badly which brings me to the next problem is he works with NO STOPLOSS. I have a real problem with that one as there is no saftey net to preotect you from margin call. I also understand that now he has incorporated a 100pip stoploss on any timeframe which seems really high to me especially if you are working in a 5 min or 15 min timeframe. (compare to my 50 pip stoploss on 5 min and 75 pip stoploss on 15 min.)

My three points being said I have used his method with mixed success...I have made 15 trades and my record is 7 wins and 7 losses and 1 breakeven or 50%. Unfortunately, because of the floating aspects of his system my total loss amounts do exceed my winning amounts and the overall effect was a decrease in my account balance.

But to be fair I have only trade for a 2 days and have not fully tested it and I am trading from a new user positions so I think my percentages will improve with more experience and better interpretation of Alorente's method.

In any instance, my hat is off to Alorente and his thread and I wish him the best of success and I encourage all to read about his method and make your own decisions.
------------------------------------------------------------------------

Those are just my opinions and feel free to comment as you see fit.

Best Regards,

Evaluator.:nerd:

ok that's great but you use a take profit so it's NOT the symphonie system

Since London open EU has managed to move a whole 25 pips either side of the daily pivot, H1 is winding itself tighter and tighter, be prepared for the breakout

Thanks for you time and attentions ,u a GOOD....+10

Took a leaf out of RJ's book and switched to 1m while market ranging and took 14 pips from this trade using the fibline as a target..

As long as he's using all 4 indicators for his entry, there is nothing wrong in having a TP. We are all using lots of different methods for exiting.

Every trade is about the exit. Every trade has potential to be good or bad.
There is 90% more stop loss order in market than take profit.
When market not trending the price meanders, if you not use TP you will go mad in whipsaws.

Yes if you read back over Yelenas posts you will find it works nicely. I also trade EU, AU, EJ and GU and it works with all of them.

last week 600+ pips AJ and AU
this week 130+ pips AJ, AU and EU. real money.

my stop loss is break of previous high/low, and i position in M5 based on H1's PA and then take it out in H1.

but stick to post#1's entry and exit rules. its just a personal preference after 6 months of having symphonie in demo. and you are talking to a newbie :nerd:

you're right. as i can see, evaluator is the only one who use symphonie trader system by the rules and at this time i don't see anyone else who is able to increase his account with such a succes. these method is not easy to apply strictly as per the rules. we have to work again and again and maybe one day .....

Not Bad.
Than I guess I keep practising in demo.

yelena,

You are a PIP MONSTER! Congratulations!

Evaluator.:nerd:

P.S. Newbies are most times the easiest ones to adapt and learn a System quickly because they do not have all those old bad habits or internal biases to overcome.

keke uses 10 pips for TP whether ranging or trending. i think its a sane targeting strategy and protects you from whipsaws. currently i use the fibo expansion for exits.

i believe in placing TP's too. if one will choose this as a lifestyle and a source of sustainable income, one has to have protective TP's. limiting but bagging the pips is what matters.

Whats your trendline setting at, I notice the trendline changes colour a lot different on your chart than mine.

I'd say Yelena managed to increase her real account last week by a decent amount, so did I and realjumper, there are lots on here that do it every week.