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Symphonie Trader System

  • #11,201
  • Apr 16, 2012 2:37pm Apr 16, 2012 2:37pm
Quoting FXSwissTrader
Dyekid,
That's what I would do. Open a standard account with a reputable non market maker ECN broker and trade .1 lot($1 per pip). When your account grows, you can increase the lot size per Eval's MM rules.
ok so I'm at the right broker already thanks =)

and yes I trade based off the 1hr.. my exits are more based on discretion than a hard exit because some move are bigger than others
  • #11,202
  • Apr 16, 2012 3:10pm Apr 16, 2012 3:10pm
Quoting Dyekid217
ok so I'm at the right broker already thanks =)

and yes I trade based off the 1hr.. my exits are more based on discretion than a hard exit because some move are bigger than others
Just wondering, I thought Trading Point didn't accept US residents? Besides that, as they are registered with CYSEC and the FSA I think one of their requirements is segregation of funds so you should be ok.
  • #11,203
  • Apr 16, 2012 3:21pm Apr 16, 2012 3:21pm
Technically they're registered in Cyprus. So as a broker they have no ties to CFTC in any way. So there's no way they can deny us clients. But they might not allow us clients anymore. I've had the account for quite some time now

Withdrawing is not a problem either
  • #11,204
  • Apr 16, 2012 7:25pm Apr 16, 2012 7:25pm
i have loaded s3.0 and the advanced matrix, default settings, but do not get entry and exit signals. anybody have ideas what i am overlooking?
  • #11,205
  • Apr 16, 2012 7:39pm Apr 16, 2012 7:39pm
Quoting chewz
Finally starting to get symphonie to pay off now. Slow beginning of the day, up 74 pips came out too early on most after london closed. Just using the previous low/high as a sl (of a true swing) and using pivots and s/r lines with the 60-5 method is a winner.

Dykekid trading 1h and exiting on opposite symphonie seems to lose money from my testing this past month or so?! whats your secret.

Gu still going up nicely, wish I stayed in
I can see from your posts that you still haven't settled on a way of trading that suits you.....and that's all good, it takes time and testing to find the best thing for you. One thing to bear in mind is that two people can trade the same system on the same pair at the same time and can get different results. One can even go long and one can go short, but both can profit! Sounds crazy but it's true.

Just keep going as you are and don't worry too much about trying to emulate other peoples results....we are all different, in different time zones, with different sized accounts, different leverage, different threshold for pain...different way of dealing with different pa.....different in many ways!! You trade for you.....and no one else. If you're finding a way that is "finally starting to pay off"....pursue it and refine it until it becomes consistent over monthly periods. Days and (to a smaller extent) weeks can fluctuate. That's normal.....doesn't meant that the system or your method of trading the system is broken, it just means that the market is being a little more difficult than usual. Generally though....the monthly bottom line will be a good guide as to how you're doing.

Hope this helps, and good luck
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,206
  • Apr 16, 2012 8:02pm Apr 16, 2012 8:02pm
Wonderful post rj. To each their own and not having a trading plan of ones own it is hard to actually know what you're doing in such a volatile market. I don't mind giving advice but as eval and others here have said... Practice practice practice. When you start seeing days and eventually weeks in the green then you know you're doing something right.

My last 3 weeks I have increased my winning percentage of trades by quite a large amount. From 55-75% wins in two weeks. Now if I can stay consistent I'd like to see that number go up.

Not saying that I wasnt profitable at 55% wins but now I am just giving back less of what I earn. Which is what I'm aiming for. And so should everyone else

Quoting realjumper
I can see from your posts that you still haven't settled on a way of trading that suits you.....and that's all good, it takes time and testing to find the best thing for you. One thing to bear in mind is that two people can trade the same system on the same pair at the same time and can get different results. One can even go long and one can go short, but both can profit! Sounds crazy but it's true.

Just keep going as you are and don't worry too much about trying to emulate other peoples results....we are all different, in different time zones,...
  • #11,207
  • Apr 16, 2012 8:35pm Apr 16, 2012 8:35pm
Another perrrrffffect Symphonie signal ! (I love you)

Very quick 10 pips @10 per pip!
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  • #11,208
  • Edited 9:52pm Apr 16, 2012 9:40pm | Edited 9:52pm
short GU on the Pink down arrow.
closed half position on the 2nd blue extreme.
another half waiting for the 4/5th extreme, if remain blue at the closed of 4th extreme, close it; if turn back into red, let it run.

on demo

edit: closed the other half position on the 5th blue extreme.

question: if micro acc has fund $500 only, wat the order size should be? is it 0.5? with 0.5 size, 1 pips is only $0.50.
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patient....
  • #11,209
  • Apr 16, 2012 10:15pm Apr 16, 2012 10:15pm
Yeah for now I'm fine with a small account but if it reaches more than 10k within the year of withdrawable funds I will split it in half. Does dukascopy accept US clients? Thanks for the info yelena it's much appreciated

Edit: nvm I looked it up. They accept US clients only if the deposit is atleast 5k. Seems like if I split my future 10k (hopefully) in half then it would work out perfectly
  • #11,210
  • Apr 16, 2012 10:30pm Apr 16, 2012 10:30pm
Quoting johntan
...

question: if micro acc has fund $500 only, wat the order size should be? is it 0.5? with 0.5 size, 1 pips is only $0.50.
It depends on your risk profile but according to ARS in the first post, your max. total trades should not exceed 0.05 lot with $500 initial capital.

Regards,
Blackeagle
  • #11,211
  • Apr 16, 2012 10:51pm Apr 16, 2012 10:51pm
Quoting Blackeagle
It depends on your risk profile but according to ARS in the first post, your max. total trades should not exceed 0.05 lot with $500 initial capital.

Regards,
Blackeagle
thanks for blackeagle reply. i have a question on the ARS on the 1st post.
isn't normal account, with lot size 1, 1 pip is equal to $10?
hence with 1000, lot size is 0.1 where 1 pip equal to $1, am i right?
now my acc is micro acc, hence to match the normal acc, with $500 capital, shouldn't my lot size is 0.5 where 1 pip equal to $0.50.

correct me if i m wrong. thank you very much BE.
patient....
  • #11,212
  • Apr 16, 2012 11:01pm Apr 16, 2012 11:01pm
Quoting realjumper
I can see from your posts that you still haven't settled on a way of trading that suits you.....and that's all good, it takes time and testing to find the best thing for you. One thing to bear in mind is that two people can trade the same system on the same pair at the same time and can get different results. One can even go long and one can go short, but both can profit! Sounds crazy but it's true.

Hope this helps, and good luck
Great Post RJ !
Exactly what one needs to hear from time to time....Good Advice.

SR
  • #11,213
  • Apr 16, 2012 11:27pm Apr 16, 2012 11:27pm
Quoting johntan
thanks for blackeagle reply. i have a question on the ARS on the 1st post.
isn't normal account, with lot size 1, 1 pip is equal to $10?
hence with 1000, lot size is 0.1 where 1 pip equal to $1, am i right?
now my acc is micro acc, hence to match the normal acc, with $500 capital, shouldn't my lot size is 0.5 where 1 pip equal to $0.50.

correct me if i m wrong. thank you very much BE.
If you are trading standard lots that means 100,000 units and 1 pip is equal to $10 for EURUSD.

With $1000 initial capital, ARS suggests trading 10,000 units or 0.1 standard lots where 1 pip equals to $1, so you are correct.

The broker I'm trading with does not have different accounts such as micro, mini or standard. So if your initial capital is $500 and you trade 0.5 lots which is equal to 50,000 units, 1 pip is equal to $5 at my broker. The name micro is used due to the account size and the trading size you are allowed to trade.

I just googled and found the following link on micro accounts:

http://www.onlineforextrading.com/le...rex-micro-lots

Hope this helps.
Regards,
Blackeagle
  • #11,214
  • Apr 17, 2012 12:42am Apr 17, 2012 12:42am
Quoting yelena
wonderful! credit goes to ManilaSpurs (Hugo). he's the one whose got experience in these nitty gritty details. if it wasn't for him, i would have not known the difference as well.

and i appreciate your posts too. make sure to send a treat on your birthday! a box of yoghurt for me please but im dead serious
..... er
I think its the other way around yelena. You're supposed to send the yoghurts .

And why is this post still visible?
.... laughing all the way to the bank
  • #11,215
  • Apr 17, 2012 12:59am Apr 17, 2012 12:59am
Quoting Blackeagle
If you are trading standard lots that means 100,000 units and 1 pip is equal to $10 for EURUSD.

With $1000 initial capital, ARS suggests trading 10,000 units or 0.1 standard lots where 1 pip equals to $1, so you are correct.

The broker I'm trading with does not have different accounts such as micro, mini or standard. So if your initial capital is $500 and you trade 0.5 lots which is equal to 50,000 units, 1 pip is equal to $5 at my broker. The name micro is used due to the account size and the trading size you are allowed to trade.

I just googled...
thank you, blackeagle for the clarification. http://www.forexfactory.com/images/icons/icon14.gif
patient....
  • #11,216
  • Apr 17, 2012 2:47am Apr 17, 2012 2:47am
I got taken out of my trades this morning about 5/10 minutes into London open. Is it good practice to exit before openings?
  • #11,217
  • Apr 17, 2012 2:57am Apr 17, 2012 2:57am
Quoting Mackem10
I got taken out of my trades this morning about 5/10 minutes into London open. Is it good practice to exit before openings?
No necessarily......it depend on the market action
Doing what you like is Freedom. Liking what you do is Happiness.
  • #11,218
  • Apr 17, 2012 2:58am Apr 17, 2012 2:58am
Quoting realjumper
No necessarily......it depend on the market action
All good experience I guess.
  • #11,219
  • Apr 17, 2012 3:05am Apr 17, 2012 3:05am
Quoting Mackem10
All good experience I guess.
EU, EJ and GU all shot back through their daily pivots at London open then signalled up on M5, the H1 stoch also turned crossed back up, good signals for a buy in each of those.
  • #11,220
  • Apr 17, 2012 3:22am Apr 17, 2012 3:22am
Quoting Mackem10
All good experience I guess.

Yeah....there's no hard and fast rule.....you enter the trade, you protect the profit when you can, and you let it run until the time to pocket the profit arrives. Easy to say.....not so easy to do!!
Doing what you like is Freedom. Liking what you do is Happiness.
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