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Symphonie Trader System

  • #7,761
  • Mar 6, 2012 6:43pm Mar 6, 2012 6:43pm
Quoting snarlyjack
Evaluator,

Nice meeting you, I'am enjoying your system! It's been
a heavy read but I finally made it through the whole thing.

It's an excellent system, I'am converting from my old system
to your system. I believe once I learn how to trade it
the potential will be much greater. Thanks for posting it!

Question: Would you please post your channel indicator,
"The down channel indicator". The indicator seems to be
very good at finding our place in where were at in the
market.

Also, nice meeting everyone! You guy's & gal's have done
an...

snarlyjack,


I am the channel indikator. I make/draw the channels with my trendline function of the metatrader. Therefore, there is no indikator and it is done manually.

Evaluator.:nerd:
  • #7,762
  • Mar 6, 2012 6:50pm Mar 6, 2012 6:50pm
somebody provide me the signaler 1.7's mq4 please?
  • #7,763
  • Mar 6, 2012 6:53pm Mar 6, 2012 6:53pm
Quoting ohammond
As far as MM goes, I trade a maximum of 3 positions at the same time, only because I don't like to watch more than that at the same time. I put the same lot size on all of them $1 for every $1,000 of equity, I don't like to vary my lot size because sod's law dictates it will be the lesser one that goes further and wins and the bigger ones will lose The risk I am comfortable with is 5% per trade, if that happens to be 3 of them all at the same time it doesn't bother me, thats the risk I take. However saying that I would never let a 5min TF trade...
ohammond,

Why do you limit yourself? Once you have a 30 pip profit and you have moved stoploss to BE+3 then that order is no longer at risk because the maximum loss is now adding 3 pips to your account. At the point you move the stoploss to positive that order is no longer a risk and you can now concentrate on the next order and just leave it along. There is an old cliche that says ''keep your stops close but let the profits run'' which means if you think the price action will move in your favor then let the profit continue to pile up but your order is safe with the dynamic stoploss.

I think once you secure an order you let the profit run you will find you are able to greatly increase your numbers of open orders and this will increase your profits because you have secured all orders to +3 profit status before adding a new order. The results will still be the 5% risk but you have now increased your ratio for profit largely.

I am not saying what you are doing is wrong. One must trade the way that is most comfortable to them but I am saying this is a option than you may wish to explore that will open up new opportunities to you for safe secure profit.

Evaluator.:nerd:
  • #7,764
  • Mar 6, 2012 7:31pm Mar 6, 2012 7:31pm
Quoting Evaluator
Blackeagle,

I do not think you are fully understanding ARS. ...


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:
Thanks again for explaining it. Since you are trading only one currency, I thought you would use fix 0.5 lot position size for $1,000 account balance in case you trade multiple currencies. I didn't notice the second part explaining total exposure. My apologies.

Regards,
Blackeagle
  • #7,765
  • Mar 6, 2012 7:38pm Mar 6, 2012 7:38pm
EU is now testing the daily pivot.. I'd like to seee a rejection and resumption of downtrend

also stochastics is overbought.. looks like an overextended upmove
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  • #7,766
  • Mar 6, 2012 7:52pm Mar 6, 2012 7:52pm
It was perfectly reject 'near' the pivot I had a sell limit on the pivot and missed out just. But it may climb to 1.3152 and see another rejection.
  • #7,767
  • Mar 6, 2012 7:55pm Mar 6, 2012 7:55pm
yeah I'm still sidelined for now.. EU 1hr isn't looking too bearish right now.. On the other hand AU looks like a good short is setting up.. Pinbar right on the pivot I drew
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  • #7,768
  • Mar 6, 2012 7:55pm Mar 6, 2012 7:55pm
On my hourly channel price is in the upper half.

But on daily it's looks like EURUSD needs a bit a of a Bear break.
  • #7,769
  • Mar 6, 2012 7:58pm Mar 6, 2012 7:58pm
Quoting Dyekid217
yeah I'm still sidelined for now.. EU 1hr isn't looking too bearish right now.. On the other hand AU looks like a good short is setting up.. Pinbar right on the pivot I drew
I closed down my Aussie charts. Going to stick to watching EURUSD only and learning it's movements better. If you know the pair you should have plenty of opportunities.
  • #7,770
  • Mar 6, 2012 8:33pm Mar 6, 2012 8:33pm
Daily Matrix - Bear
Hourly Matrix - Bull with an Arrow (Bull arrows have been moving sideways a lot in the past few trading weeks.)

When a Red arrow appears it may signal another opportunity to open up some long term trades south.
  • #7,771
  • Mar 6, 2012 8:50pm Mar 6, 2012 8:50pm
agreed.. look at the euro index 1hr chart
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  • #7,772
  • Mar 6, 2012 9:06pm Mar 6, 2012 9:06pm
Quoting Rokz
Daily Matrix - Bear
Hourly Matrix - Bull with an Arrow (Bull arrows have been moving sideways a lot in the past few trading weeks.)

When a Red arrow appears it may signal another opportunity to open up some long term trades south.
It seems to me EU should go up from here at least a little according to the H1 chart. All blue on my chart with no sell extreme yet. Could probably take it up to a sell extreme at least I would think, maybe higher. I've never traded the H1 with real money yet so I am a little gun shy to pull this trigger.
  • #7,773
  • Mar 6, 2012 9:13pm Mar 6, 2012 9:13pm
Quoting MagicMike
It seems to me EU should go up from here at least a little according to the H1 chart. All blue on my chart with no sell extreme yet. Could probably take it up to a sell extreme at least I would think, maybe higher. I've never traded the H1 with real money yet so I am a little gun shy to pull this trigger.
stoch is overbought.. I wouldn't buy into the downtrend just yet.. PA hasn't been convincing.. also the trend is still red.

also look at the daily and 4hr emotion and sentiment
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  • #7,774
  • Mar 6, 2012 9:13pm Mar 6, 2012 9:13pm
Quoting pixelboy
Hi Olivia - Just to be clear about the trade size you take...when you say you risk 5% on each trade, is that always based on a standard 50 pip stop (so 10 pips always equals 1%) or is the 5% based on the stop positioning for the individual trade (meaning for your average 20 pip stop loss 10 pips equals 2.5%)?

Thanks,

PB
Its always based on the emergency 50 pip stop loss so its always 10 pips = 1% otherwise I would have to change my lot size everytime depending on my stop loss and I don't like to do that, so I just work out on the worst case scenario.
  • #7,775
  • Mar 6, 2012 9:14pm Mar 6, 2012 9:14pm
Quoting pixelboy
That answers it perfectly. And the difference in how you manage your trades and how I manage mine shines a bright light on why you are successful and why my gains are mediocre.

Specifically: I can never let trades run even when I have everything in place to just let them go. As soon as I get a decent profit, I'm out. Of course, I hang onto the losers for dear life hoping they will turn around!

MUST LEARN PATIENCE! ;-)

Thanks as ever for the advice.

PB
Hey pixelboy, it took me some time to learn how to do that. ie letting trades run. The trick is to not think of it as making or losing money. My trick is to think of my equity as a deck of playing cards. And if I accumulate more cards than I started with then its a good day. That is also why I using the moving average histogram cross as my exit cause it keeps me in a trade when I think I should exit, I might leave some pips on the table but 9/10 I'm making more cause I'm still in a trade. Hope that helps

-Ian
Island hopping throughout the Caribbean
  • #7,776
  • Mar 6, 2012 9:18pm Mar 6, 2012 9:18pm
Quoting Dyekid217
stoch is overbought.. I wouldn't buy into the downtrend just yet.. PA hasn't been convincing.. also the trend is still red
Good point. I think maybe I will wait till there is a pullback on the M5 chart then enter long on a fresh buy signal, as long as H1 still looks bullish. BTW, my trend has closed blue already on the H1. I am using settings 20,5 for my trend line indicator though.
  • #7,777
  • Mar 6, 2012 9:59pm Mar 6, 2012 9:59pm
price is failing at the daily pivot on EU.. looking to short when london opens
  • #7,778
  • Mar 6, 2012 10:38pm Mar 6, 2012 10:38pm
hey guys new to the forum and this particular system...

What settings are currently required for the stochs... and also does that change from tf to tf?
  • #7,779
  • Mar 6, 2012 11:22pm Mar 6, 2012 11:22pm
stoch are 11,3,3 I use it on all TF's

btw EU 1hr stoch just crossed waiting for a close.. I'm still bearish on this pair.. but still waiting for confirmation
  • #7,780
  • Mar 7, 2012 1:59am Mar 7, 2012 1:59am
Hello everyone and a big thank you to the creator of this wonderful system...I spent many many hours reading this thread as I'm new to it.

However I'm a little confused as to how this system works and I have a question please -

I have downloaded all the 4 signal indicators as per Evaluator's original first post and for the past 24 hours I did not get any signal to BUY or SELL whatsoever on the AUD/USD (thats the only one I trade) my understanding is all 4 indicators have to be in sync and giving the same signal for me to take the trade...so for example all have to be blue or all are red.

Can someone please help me, it would be greatly appreciated!
Thank you and happy trading to all...
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eluo