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Symphonie Trader System

  • #7,721
  • Mar 6, 2012 10:34am Mar 6, 2012 10:34am
Quoting Dyekid217
I agree eval.. although we have a 50 pip hard stop when we enter the trade.. we have strict exit criteria where as.. if your not trading a risk event at the time... you should be out of the trade well before it hits that 50 pip stop.

also trading in the direction of the 1hr arrow+5m symphonie signals it should be easy to get into profit 20 pips to set to B/E..

now that's what I call risk management!!

most everyone here can vouch that 20 pips on a trade is easy to obtain.. as long as your trading with the trend that is

cut your losses and let...

  • #7,722
  • Mar 6, 2012 10:41am Mar 6, 2012 10:41am
Am I right in assuming that I need to have a decompiler for this? Is there something cheaper to use besides what I have seen go for $500 USD when searching google?


Quoting Mediator
this is the matrix 1.6 which give alerts.

have a look into the code at line 266,267 & 268. there is the extreme_cycle indicator defined. if you look at the parameters at all 3 lines after 'FilterStrengthRSI' the 'TRUE' has to set to 'FALSE'.

[code]ExtremeValue0 = iCustom(NULL,TimeFrame,"Symphonie_Extreme_Cycle_Indikator",PriceActionFilter,Length,MajorCycle,useCycleFilter,UseFilterSMAorRSI,FilterStrengthSMA,FilterStrengthRSI,true,true,"","",0,0,i);
ExtremeValue1 = iCustom(NULL,TimeFrame,"Symphonie_Extreme_Cycle_Indikator",PriceActionFilter,Length,MajorCycle,useCycleFilter,UseFilterSMAorRSI,FilterStrengthSMA,FilterStrengthRSI,true,true,"","",0,1,i);
ExtremeValue2...
  • #7,723
  • Mar 6, 2012 10:51am Mar 6, 2012 10:51am
Quoting TravB
Am I right in assuming that I need to have a decompiler for this? Is there something cheaper to use besides what I have seen go for $500 USD when searching google?
yes there is some cheaper way. use the paperclip at the top right of this board and look for the .mql4 file or do a search.
  • #7,724
  • Mar 6, 2012 10:56am Mar 6, 2012 10:56am
Quoting Evaluator
Blackeagle,

I think you misunderstand where my point of view is coming from. I am speak in terms of following the Symphonie System (including Money Management) and how it plays in effecting your bottom line and how that is all that matters.

...

Evaluator.:nerd:

There is no doubt that the Symphonie is affecting the bottom line of every disciplined and serious trader positively. At least it's been my experience since Jan 3rd.

Re. your MM rules on Post #1, considering a stoploss of 50 pips, you are risking 5% per trade (based on $1,000 acct balance). Since you are trading only EURUSD, 5% risk per trade may be suitable for you, I respect that (and also considering the high winning ratio of the system). But especially for the ones who are new to the thread or trading business, if they follow those MM rules and let's say they trade 4 different currencies, if stoploss is hit when all 4 positions are opened, that means they'll lose 20% of their account in one shot which is too high, IMO.

I am not criticising those MM rules, please do not get me wrong, but especially the newbies should understand that it may be dangerous if they trade multiple currencies with those risks unless they have a good risk appetite and of course stomach.

Yelena said all 4 currencies were going down which showed a good trend. Although this is a quite good observation, what happens if the direction reverses all of a sudden and all SLs hit which is also quite possible in this business?

Therefore, it is always wise to calculate the max. possible risks of all open trades in case the things go wrong.

Thanks again for the excellent thread and well thought system.
Best Regards,

Blackeagle
  • #7,725
  • Mar 6, 2012 10:56am Mar 6, 2012 10:56am
Quoting TravB
Am I right in assuming that I need to have a decompiler for this? Is there something cheaper to use besides what I have seen go for $500 USD when searching google?

search near first (within FF) coz the seearch box (topmost part of your screen near the center) says that on page 271 of this thread, you will find the mq4 version
  • #7,726
  • Mar 6, 2012 11:03am Mar 6, 2012 11:03am
Quoting Mediator
yes there is some cheaper way. use the paperclip at the top right of this board and look for the .mql4 file or do a search.

Don't I feel like a dumbass....lol. I thought there was just the ex4 file.

Thank you Mediator for showing me the location of those alerts........appreciate it



Quoting yelena
search near first (within FF) coz the seearch box (topmost part of your screen near the center) says that on page 271 of this thread, you will find the mq4 version

Thank you yelena
  • #7,727
  • Mar 6, 2012 11:04am Mar 6, 2012 11:04am
Quoting Blackeagle
There is no doubt that the Symphonie is affecting the bottom line of every disciplined and serious trader positively. At least it's been my experience since Jan 3rd.

Re. your MM rules on Post #1, considering a stoploss of 50 pips, you are risking 5% per trade (based on $1,000 acct balance). Since you are trading only EURUSD, 5% risk per trade may be suitable for you, I respect that (and also considering the high winning ratio of the system). But especially for the ones who are new to the thread or trading business, if they follow those MM rules...
If you have another look at the first post, it says that the total open positions should be 5% (doesn't actually say that, but 5% is what it works out as). There is an example of multiple trades being opened at the same time, in which case smaller lots are traded. The TOTAL exposure should be 5% regardless of the number of pairs being traded.

PB
  • #7,728
  • Mar 6, 2012 11:05am Mar 6, 2012 11:05am
Quoting Blackeagle
Yelena said all 4 currencies were going down which showed a good trend. Although this is a quite good observation, what happens if the direction reverses all of a sudden and all SLs hit which is also quite possible in this business?

yes siree, that is why i never linger in the trades unless my SL is already equal to MOVE STOP, which i only have done once. i just pick up 14 pips here and there, wherever TP1 is. in when everyone is in and out before anyone gets out. i fully understand my exposure hence the approach.

and i did pull out AU, 23 pips shy of it's TP2, when i saw that the other 3 have reached their TP2's fearing of exhaustion level.

i like the idea of potential pips. but i would prefer real bagged pips for now, until i can hone my skills, i will have to remain drooling over envy as people take 100+ pips in 1 seating.
  • #7,729
  • Mar 6, 2012 11:26am Mar 6, 2012 11:26am
Yelena or Evaluator please can u tell to us will you exit of a trade if the rend will change his color but the extrime stil remain the same (for example Extrm is down but trend is changing to Bull) shud we exit at that time o still waiting dor Extrime change?
Regard
  • #7,730
  • Edited 11:49am Mar 6, 2012 11:33am | Edited 11:49am
Quoting Blackeagle
There is no doubt that the Symphonie is affecting the bottom line of every disciplined and serious trader positively. At least it's been my experience since Jan 3rd.

Re. your MM rules on Post #1, considering a stoploss of 50 pips, you are risking 5% per trade (based on $1,000 acct balance). Since you are trading only EURUSD, 5% risk per trade may be suitable for you, I respect that (and also considering the high winning ratio of the system). But especially for the ones who are new to the thread or trading business, if they follow those MM rules...
Blackeagle,

I do not think you are fully understanding ARS. The maximum at risk should only be 5% not 20% over 4 currency pairs. If you follow ARS and have a 5,000$ balance then the maximum amount at risk at any one time is only 0.50 lot size. So you can have 0.20 lot in EURUSD, 0.20 lot in USDJPY, and only 0.10 lot in EURGBP for a total exposure of 0.50 lots with a 50 pip stoploss.

That changes when you have a 30 pip move and you apply Account Balance Protection rules and Dynamic stoploss. Once you have moved the stoploss to a BE+3 pips positive that then make for a new available lot size of equal size but the total orders that are unsecured can/should NEVER exceed the ARS number.

Therefore when trading the Symphonie System you are proactively protecting your account from a loss at any one time with a maximum risk of 5% or 0.50 lot X 50 pips on a 5,000.00$ account balance.

So, you will never have exposure of 20% of your account balance because the Symphonie System Money Management guidelines only allow you to risk a MAXIMUM of 5% at any one time. If you have greater than that risk then you are not using my money management system.

I suggest you re read post#1 because it is clearly spelled out exactly how you are to manage you account to minimize account risk while maximizing profit potential.

Evaluator.:nerd:
  • #7,731
  • Mar 6, 2012 11:36am Mar 6, 2012 11:36am
Quoting expresid
Yelena or Evaluator please can u tell to us will you exit of a trade if the rend will change his color but the extrime stil remain the same (for example Extrm is down but trend is changing to Bull) shud we exit at that time o still waiting dor Extrime change?
Regard

See post #1 for rules and guidelines...all your questions are answered there in detail.
  • #7,732
  • Mar 6, 2012 12:03pm Mar 6, 2012 12:03pm
Quoting Evaluator
Blackeagle,

I do not think you are fully understanding ARS. The maximum at risk should only be 5% not 20% over 4 currency pairs. If you follow ARS and have a 5,000$ balance then the maximum amount at risk at any one time is only 0.50 lot size. So you can have 0.20 lot in EURUSD, 0.20 lot in USDJPY, and only 0.10 lot in EURGBP for a total exposure of 0.50 lots with a 50 pip stoploss.

That changes when you have a 30 pip move and you apply Account Balance Protection rules and Dynamic stoploss. Once you have moved the stoploss to a BE+3 pips...
well put.. I myself did not understand the mm rules exactly. Safe to say.. 1$ per pip is quite reasonable if you have 1 position open per 1k in your account.. but once that stop is set to BE then another position may be opened.. I never thought of MM this way and it sure is great!!
  • #7,733
  • Mar 6, 2012 12:04pm Mar 6, 2012 12:04pm
Quoting Evaluator
Blackeagle,

I do not think you are fully understanding ARS. The maximum at risk should only be 5% not 20% over 4 currency pairs. If you follow ARS and have a 5,000$ balance then the maximum amount at risk at any one time is only 0.50 lot size. So you can have 0.20 lot in EURUSD, 0.20 lot in USDJPY, and only 0.10 lot in EURGBP for a total exposure of 0.50 lots with a 50 pip stoploss.

oh gholly, im over exposing .. adjusting future trades. maybe this is the key to staying longer on the trades! thank u for clarifying .. i told you i dont look at the $
  • #7,734
  • Edited 12:23pm Mar 6, 2012 12:06pm | Edited 12:23pm
lol I myself would have probably overexposed my account if eval didn't explain that fully...

It is a sound MM technique though that I have never seen before.. no wonder he's making a killing haha!!!

wowzers.. I think GJ had the biggest move yesterday.. moving over 250 pips since london!!!!
Attached Image (click to enlarge)
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  • #7,735
  • Mar 6, 2012 12:25pm Mar 6, 2012 12:25pm
Hi Traders,

Here are my today's trades. I took some late but ended up in profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu symph.gif Size: 36 KB
Click to Enlarge Name: au symph.gif Size: 36 KB
  • #7,736
  • Mar 6, 2012 12:28pm Mar 6, 2012 12:28pm
care to say why you took them when symphony didnt line up??


I would have waited for a fresh signal to enter on continuation
  • #7,737
  • Mar 6, 2012 12:28pm Mar 6, 2012 12:28pm
Quoting Dyekid217
well put.. I myself did not understand the mm rules exactly. Safe to say.. 1$ per pip is quite reasonable if you have 1 position open per 1k in your account.. but once that stop is set to BE then another position may be opened.. I never thought of MM this way and it sure is great!!
Remember your margin will get used up with each trade you add, so you can't just keep adding even though your stops are set to BE!
  • #7,738
  • Mar 6, 2012 12:34pm Mar 6, 2012 12:34pm
Quoting pixelboy
Remember your margin will get used up with each trade you add, so you can't just keep adding even though your stops are set to BE!
ah your right.. So i'll most likely keep it to a max of 3 trades open during any given session
  • #7,739
  • Mar 6, 2012 12:41pm Mar 6, 2012 12:41pm
Quoting pixelboy
Remember your margin will get used up with each trade you add, so you can't just keep adding even though your stops are set to BE!
thats half correct.

i fully agree that every order needs margin.

but...

if the open orders are in profit you took these open profits for new ordermargin.
it also depents on margin leverage your broker wants. if you have a high leverage for example 1:400 the open order does not have a lot into profit to gain new margin for the next order.
and the power of a orderpyramid gives you enough margin for more orders, pay commission and swaps, but you have to secure these orders with BE stops. especially if they are open several days you have to adjust your BE stop.
  • #7,740
  • Mar 6, 2012 12:44pm Mar 6, 2012 12:44pm
Quoting Pip26
Hi Traders,

Here are my today's trades. I took some late but ended up in profit.
what are your trendline settings ? 20,5 ?
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