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Symphonie Trader System

  • #9,781
  • Mar 22, 2012 7:24pm Mar 22, 2012 7:24pm
Quoting LazyPawn
That was a great post, thanks. I have one more question, related to the quoted part. The rules of the system are very simple. I am sure the people who contacted you are not stupid or blind, they can see when 4 dots turn red. So I suppose (correct me if I'm wrong!) that the mistakes those people made are of a different kind. Maybe they don't grasp some discretionary aspects as well as you do. I can think of many such things - e.g. entering when the pair has almost completed its daily range, or when important news are expected or when the pair is...
I think, but I haven't tried this, that if each and every true Symphonie signal was taken without exception, that the trader would still end up on the positive side of the ledger. Te reason I say this is because the size of the 'wins' should be larger than the size of the 'losses' over time. It would be an interesting exercise.

Yes you're absolutely correct, discretion indeed does play a large part in this, and in every system. I posted my method a few pages back in a zip file, (I have it bookmarked if you want to have a look), and the main error people make is 1. ignoring the stochastic and entering short when the PA is massively oversold, and even more common, and this is common to all new traders, that they insist on taking trades at a time that suits them. I have spoken at length about only taking trades when the market wants to give up it's pips. For me, in my time zone, that is from about 1 hour before Frankie opens until about 4 hours after London opens. That's when I make consistent gains. The hours can be anti social, but we cannot force pips to come at a time to suit us!!

A few pages back, someone (I forget who) wanted to take a trade because Symphonie indicated a long position, and I said that I wasn't interested because the stoch was overbought. The trade went up for about 8 pips before it fell a long way. I think Ohammond made a comment about it. This is the typical type of error I see, and is easily avoided.

Top conclude, a system that trades 100% mechanical doesn't exist. Take a look at any EA and you will see why this is so!! As I have said in this thread a few times now, the trader MUST know how to trade to get the most from this system.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,782
  • Mar 22, 2012 8:31pm Mar 22, 2012 8:31pm
Quoting LazyPawn
you could post a chart where you had 4 reds but didn't take a short because ... <insert reasoning here>. Or a chart where your SL was still far away but you didn't wait until being hit and closed for a small loss because <insert reasoning here>. Or 2 charts side by side, same time frame, and show why in one case you took profit at 40 pips and in the other one you got out after 4. I think that kind of knowledge is what most people are looking for, something that goes a little beyond the basic rules.

I think I am going to make an exception to my...
To add......Yes I could post as you suggest, but that would take a lot of my time, and I am not going to do it for the following reason. I expect total noobies to go to babypis etc and learn to trade before coming here. This is not a teaching forum for newbies. I cannot read a manual on 'how to weld for dummies', go buy a welding kit and then expect to get a highly paid job as a welder on an oil rig!!! Nor can I expect the oil rig owners to show me how to weld, step, by step. That's why we have night schools.......that's why we have babypips and any number of other 'How to trade' websites.

I am not going to spoon feed people on how to trade.....lets make that perfectly clear. If people are total newbies, they have no business even being in this thread, wasting their time and mine.

If people know how to trade but are struggling to find a system that suits them, then I will help them......but that doesn't mean that I will spoon feed them on the basics, because if I detect that they don't even know the basics, I will no waste my time any further.

It's a nice idea to post as you suggest, but then this thread would become a complete mess and the people who are here to trade Symphonie would leave, and the thread would die. Then everyone will lose.

Newbies have a place to go. This isn't that place.

I look forward to seeing your 60 - 5 results
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,783
  • Edited 9:26pm Mar 22, 2012 9:10pm | Edited 9:26pm
I would like to ask you what are your current average spreads with the pairs you usually trade. If you could add the time frame you trade it would be nice too. Just a little curiosity I have.

I'll start with mine:

eur/usd, usd/jpy = 2 pips

gbp/usd, aud/usd, eur/jpy, usd/chf = 4 pips

for MT4 platform I am with FXDD Malta.

Trade well!

Jack.[/quote]


Hi Jack,

1min TF

This is a InteractiveBrokers screenshot of some quotes and market depth during the Asian session in which the volume is said to be lower and spreads to be wider. Maybe that is with some brokers, I don't see it with mine. During other sessions the spreads are about equal, maybe tighter for some active euro/us session pairs. The eu and eg for example have a .5 pip spread (most of the time) during the euro session. Ypu have to pay a small commision with this broker, but that's nothing compared to the larger spreads at some other brokers.
Attached Image(s) (click to enlarge)
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  • #9,784
  • Mar 22, 2012 9:19pm Mar 22, 2012 9:19pm
I primarily trade E/U, however, a note of interest ... USDCAD touched and bounced off of parity today...something to watch.

FS
  • #9,785
  • Mar 22, 2012 9:21pm Mar 22, 2012 9:21pm
Quoting ForexSam
I primarily trade E/U, however, a note of interest ... USDCAD touched and bounced off of parity today...something to watch.

FS
Yes it did....parity is always a massive R/R line.....it's an important number and it would be a surprise if it just capitulated.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,786
  • Mar 22, 2012 9:31pm Mar 22, 2012 9:31pm
@ all expert of symphonie system

eval,rj,and all

i am new to this system , most of post i read ....i am tryig to understand this system ....

in the frist post .....evaluator give 5 mq4 ...i am trying to feed all mq4 ....but my screen shot is look differnt..how it is ??

2) there are lots of modification in the signal ......as like beta version ,rmyers ,to to modified it in the original system .....cause of every modification get new mq4 .....then every time we get new .....then how many mq4 in one window chart?


can ayone guide me step by step ....please



thank you
  • #9,787
  • Mar 22, 2012 9:35pm Mar 22, 2012 9:35pm
can anyone post here FINAL mq4 ......

i am which is latest and all modification done ..


cause of i am confusing about every modification on mq4 get new mq4 forumla ...


please give us latest and update it on frist post also ...



thank you
  • #9,788
  • Mar 22, 2012 9:44pm Mar 22, 2012 9:44pm
Quoting vishal7176
can anyone post here FINAL mq4 ......

i am which is latest and all modification done ..


cause of i am confusing about every modification on mq4 get new mq4 forumla ...


please give us latest and update it on frist post also ...



thank you
The very first line, of the first post, on the first page states: (This is a constantly updated document that will contain additions and modifications to strategy)
Did you read the entire first post????
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,789
  • Mar 22, 2012 10:02pm Mar 22, 2012 10:02pm
hi RJ , frist thanks to reply ,

i read more than 5 times ....


RJ , then , your screen shot and mine look very differnt ....How it is ?
please see the below

that is my screen shot

http://www.forexfactory.com/newattac...anageattach&p=
Attached Image (click to enlarge)
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  • #9,790
  • Mar 22, 2012 10:31pm Mar 22, 2012 10:31pm
watching the 5m charts.. I can see that if you get an hourly symphony signal you still might not get a trade if you dont get a signal in 5m.. Which is very interesting..

I hope that studying the 5m my drawdown will decrease by a decent amount.
  • #9,791
  • Mar 22, 2012 10:49pm Mar 22, 2012 10:49pm
Quoting vishal7176
hi RJ , frist thanks to reply ,

i read more than 5 times ....


RJ , then , your screen shot and mine look very differnt ....How it is ?
please see the below

that is my screen shot

http://www.forexfactory.com/newattac...anageattach&p=
Download my zip file from here

And by the way.....that link I just gave you was on the first post of the first page here......you clearly didn't read the first post well enough
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,792
  • Mar 22, 2012 10:51pm Mar 22, 2012 10:51pm
Quoting Dyekid217
watching the 5m charts.. I can see that if you get an hourly symphony signal you still might not get a trade if you dont get a signal in 5m.. Which is very interesting..

I hope that studying the 5m my drawdown will decrease by a decent amount.

Correct....however....right now is a bad time for trading. You need to wait until Frankfurt opens imo......the market is dead now and has no real lquidity behind it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,793
  • Mar 22, 2012 11:55pm Mar 22, 2012 11:55pm
Quoting realjumper
Correct....however....right now is a bad time for trading. You need to wait until Frankfurt opens imo......the market is dead now and has no real lquidity behind it.
yeah I'm not trading just observing for now
  • #9,794
  • Edited Mar 23, 2012 5:22am Mar 22, 2012 11:58pm | Edited Mar 23, 2012 5:22am
@the newcomers

welcome!
1.where's the signaler?
2.where's the matrix?

in post #1, please scroll down (see pic), then read with understanding. thank you for your understanding.

Quoting Jack Herer
I'll start with mine:
eur/usd, usd/jpy = 2 pips
gbp/usd, aud/usd, eur/jpy, usd/chf = 4 pips
including slippage, that's pretty much like mine, if not worse by 0.2 pip
Attached Image (click to enlarge)
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  • #9,795
  • Mar 23, 2012 2:25am Mar 23, 2012 2:25am
Quoting Dyekid217
watching the 5m charts.. I can see that if you get an hourly symphony signal you still might not get a trade if you dont get a signal in 5m.. Which is very interesting..

I hope that studying the 5m my drawdown will decrease by a decent amount.
i think i know what you mean and is easly explained.

Every marketmove starts in the lowest TF ever. In the Tickchart or Time&Sale List (T&S).
Most of the time before you get a 1hour Signal the 5m signal evolves first and before this the 1m signal evolves. Sometimes the 1H and 5m Signals appear simultaneously. This dependents on the strength of the move and at which time it appear of a 1H candle. It is a fallacy to say that a 5M signal is better at the start, middle or the end of a 1H candle. this is clearer to see if we look at the market pattern in the lower TF. The market does not care if a Trend and the pullbacks happens at 09:05, 09:35 or 09:55 clock but this is another story.

I attached two pictures where i could explain this in detail how the 60-5 Method works. I didn't throw the indis on the chart for better visibility.

In the first picture at the Line Number 1 there would be the first 5m SHORT Signal but we would ignore this because the higher TF bias is still LONG.
After the strong downmove at line 2 this is were the 1H SHORT SiGNAL appeared. Now we had a higher TF Bias SHORT and only waiting until the next 5m SHORT appeared to order a Postition.
But before at Line Number 3 a 5M LONG Signal appeared and we didn't trade this Signal because of the 1H SHORT bias.
At Line Number 4 we had a full 5m SHORT SIGNAL and opened a short order.
In the next Picture i explain why i name this a full 5m SIGNAL.

In the second Picture at Line number 5 a 5M LONG Signal appeared but we didn't trade because the higher TF bias is SHORT. At line 6 a 1H LONG Signal appeared and after this moment our bias is now LONG and we waiting for a 5M LONG Signal.
Before we reach Line Number 7 we had already a SHORT extreme Spike and then a pullback happened. But the pullback was not strong enough that a valid 5M SHORT signal evolved.
What happened now is, that a retrace of the Trend started and at Line Number 7 a 5M LONG REPAINT SIGNAL appeared.

A repaint signal, like at Line 7, appears most of the time if the high/low breaks and the trend continues. a full signal entry is much earlier because we had a contrary signal first. like in picture 1 line number 3 & 4.

A repaint signal happens most of the time in a strong up-/downmove and a full signal appears most of the time in ranging markets or if the pullback was stronger in an impulsive trendmove.
if you are a math geek you could calculate at which % of a pullback/retrace a repaint or a full signal appear. it all depents on price & time expansion.
This is in simplest form fibonacci trading but this is also another story.

In picture 2 you see more blue lines where LONG signals appears. They all could lead into losses if you will not watch closely at the extreme spikes, because in such a market situation the extreme spikes appear earlier and you could full close the positions or partial close and immediatly BE. This is because the extreme spikes (V1) is calculated with ATR.

Like yesterdays move we get a higher TF bias SHORT but many 5M signals appears while late NY/Asian session. this could lead into losses or very small profits. The best is not to trade at this time. Over night the 1H trend switches to LONG and we have NOW a valid LONG signal.

Regards

Mediator
Attached Image(s) (click to enlarge)
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  • #9,796
  • Mar 23, 2012 2:37am Mar 23, 2012 2:37am
Quoting Mediator
i think i know what you mean and is easly explained.

Every marketmove starts in the lowest TF ever. In the Tickchart or Time&Sale List (T&S).
Most of the time before you get a 1hour Signal the 5m signal evolves first and before this the 1m signal evolves. Sometimes the 1H and 5m Signals appear simultaneously. This dependents on the strength of the move and at which time it appear of a 1H candle. It is a fallacy to say that a 5M signal is better at the start, middle or the end of a 1H candle. this is clearer to see if we look at the market pattern...
And that's your "easy" explanation is it?

Here's an idea......just trade the system and make some pips!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,797
  • Mar 23, 2012 2:43am Mar 23, 2012 2:43am
The divergence on the previous page are very close to being invalidated by this latest push......not sure what's causing it, lot's of rumor flying around
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,798
  • Mar 23, 2012 2:50am Mar 23, 2012 2:50am
Quoting realjumper
The divergence on the previous page are very close to being invalidated by this latest push......not sure what's causing it, lot's of rumor flying around

Approaching Daily Pivot R1 and an area of resistance, will be looking at the 5 min for a reversal possible.
Attached Image (click to enlarge)
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  • #9,799
  • Mar 23, 2012 2:54am Mar 23, 2012 2:54am
Quoting realjumper
And that's your "easy" explanation is it?

Here's an idea......just trade the system and make some pips!
my intention is to help traders. why not? just trade the system will not help.
you know this exactly that only trading the signals without looking deeper at the market will not work.
But if you have question, go ahead and ask. i have no problem to help.
  • #9,800
  • Mar 23, 2012 2:56am Mar 23, 2012 2:56am
Quoting realjumper
The divergence on the previous page are very close to being invalidated by this latest push......not sure what's causing it, lot's of rumor flying around
anything can happen. sometimes there is no logical explanation. there are so many unknown components we could not know.
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