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Attachments: Symphonie Trader System
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Symphonie Trader System

  • #12,241
  • May 7, 2012 3:29am May 7, 2012 3:29am
GU H1 Same as EU
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,242
  • Edited 3:54am May 7, 2012 3:32am | Edited 3:54am
Quoting FXSwissTrader
Around 1.3040 is the golden 61.8% fib. retracement. Keep an eye.
Hopefully everyone saw the 61.8% fib retracement hit. I don't see us heading much further above it. I'm short 1.3044. Potential bearish divergence as RJ pointed out. Standard deviation also hit. We should be heading back down 1.30/10.


Update: Move SL to BE+4

Update 2: SL hit. Waiting for re-entry.
  • #12,243
  • May 7, 2012 3:40am May 7, 2012 3:40am
Quoting longfellow
Yes, I am using 30 - 5 too.

Rj use for 5 Mn Ma shift 2
I did 2*6=12

And your MA34 really nice seems
  • #12,244
  • Edited 4:37am May 7, 2012 4:20am | Edited 4:37am
Taking another trade as per the rules.
Sell order made after the matrix repainted to form three consecutive downward signals.

Update:
Trade closed as the extreme indicator turned blue on the candle close.

Trade ends with -16 pips.
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  • #12,245
  • May 7, 2012 4:44am May 7, 2012 4:44am
Quoting woolo
Taking another trade as per the rules.
Sell order made after the matrix repainted to form three consecutive downward signals.

Update:
Trade closed as the extreme indicator turned blue on the candle close.

Trade ends with -16 pips.

If you had stochastics on there like RJ recommended, you would've seen it was oversold and not a good entry. You basically sold at the bottom of that 5 min chart move.
  • #12,246
  • May 7, 2012 4:47am May 7, 2012 4:47am
Quoting longfellow
I've had good success using a moving average (SMA 34) when trading M5. See the magenta line on chart. When price moves above the line, look for buy signals, below the line, look for sell signals.
Thanks Longfellow, I'll give it a shot. Might move down to the 30-5 too. I think for the moment at least the moves are being missed waiting for the 60 signal.
Everyone's got a plan until they get punched in the face
  • #12,247
  • May 7, 2012 4:52am May 7, 2012 4:52am
Quoting FXSwissTrader
If you had stochastics on there like RJ recommended, you would've seen it was oversold and not a good entry. You basically sold at the bottom of that 5 min chart move.
Very true, I am testing out this system as per the rules on post 1 which make no mention of any other indicators or methods.

I saw it was in a upward moving channel which to me normally would scream buy especially as price was hitting that bottom trendline. However if I don't follow the rules and act on gut instinct rather than the system then this test run will be pointless.
  • #12,248
  • May 7, 2012 4:52am May 7, 2012 4:52am
Quoting FXSwissTrader
If you had stochastics on there like RJ recommended, you would've seen it was oversold and not a good entry. You basically sold at the bottom of that 5 min chart move.
Took the words right out of my mouth!!!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,249
  • May 7, 2012 4:57am May 7, 2012 4:57am
Quoting woolo
Very true, I am testing out this system as per the rules on post 1 which make no mention of any other indicators or methods.

I saw it was in a upward moving channel which to me normally would scream buy especially as price was hitting that bottom trendline. However if I don't follow the rules and act on gut instinct rather than the system then this test run will be pointless.
There are 4 different exit strategies in post 1 and if you are using the extreme spike, even Eval was waiting until it closed 4 candles not just one.
  • #12,250
  • Edited 5:49am May 7, 2012 5:13am | Edited 5:49am
Quoting ohammond
There are 4 different exit strategies in post 1 and if you are using the extreme spike, even Eval was waiting until it closed 4 candles not just one.
I have read that page at least 20 times in the last week. How did i miss that!?

Alright so 4-5 bars for the exit but not when selecting the entry point right?

Anyway new buy order placed as all 4 indicators lined up.

Update: Closed at -12 pips after waiting 4 bars after the extreme spike.
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  • #12,251
  • Edited 6:00am May 7, 2012 5:16am | Edited 6:00am
Quoting woolo
I have read that page at least 20 times in the last week. How did i miss that!?

Alright so 4-5 bars for the exit but not when selecting the entry point right?

Anyway new buy order placed as all 4 indicators lined up.
NOT a good entry. You bought at top of overbought area. Put the stochastics on your chart. Also ADR is reached for the day. Daily High/Low has reached as well. I would only look to short at a great price. R/R is not good going long IMO.
  • #12,252
  • May 7, 2012 5:36am May 7, 2012 5:36am
Quoting FXSwissTrader
NOT a good entry. You bought at top of overbought area. Put the dam stochastics on your chart. Also ADR is reached for the day. Daily High/Low has reached as well. I would only look to short at a great price. R/R is not good going long IMO.
I am not learning to trade but am testing the system that has been put forward by evaluator. Stochastics are not mentioned in post one and were not used during the initial tests by evaluator.

As said in the first post:

"Entry Points Strategy
The entry and exit strategy is simple. For placing an order one would wait until you have an extreme spike (opposing colour change) and the other 3 indicators show the same colour in the direction of the extreme value."


If i start to test this system while pulling on stochastics, support/resistance, trendlines, candle stick patterns or anything else to inform my decisions it won't be a test of the claims made in post one but a test of somthing else.

This is my first week of tests so I am testing the core simple rules of the system I am not aiming to make profit but to find out what the system on its own can achieve. If i make profit or loss then that is a good thing and will be evidence to draw on when evaluating this system.

I am going for a no bullshit assessment of the strategie posted on page one, not the improvements and adjustments made later on. The system without stochastics for example was according to Evaluators tests were VERY profitable. I am trying to test that theory out.

Everything you just said may be part of a good profitable system but its not somthing I am testing right now as it's not what was in the first post if that makes some sense.
  • #12,253
  • May 7, 2012 6:06am May 7, 2012 6:06am
Nice strategy
  • #12,254
  • May 7, 2012 6:52am May 7, 2012 6:52am
Quoting woolo
I am going for a no bullshit assessment of the strategie posted on page one, not the improvements and adjustments made later on. The system without stochastics for example was according to Evaluators tests were VERY profitable. I am trying to test that theory out.
Of course you can do whatever you want....it seems a little strange though. You have already admitted that the strategy in it's infancy was "VERY profitable"......yet you are going to make a "no bullshit assessment" of it. Are you saying that the original accounts and assessments are bullshit???

I think the statements and accounts on page one speak for themselves.

It also seems a bit strange to re-prove the invention of the wheel, when there are thousands of posts here that show that the 'wheel' works pretty damn well.

We're all using the latest carbon fibre wheels because they are so much more efficient that the wooden wheels on page one.....but.....if you want to learn what we have all learned.....go for it!! Have fun
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12,255
  • May 7, 2012 7:04am May 7, 2012 7:04am
Quoting woolo
I am not learning to trade but am testing the system that has been put forward by evaluator. Stochastics are not mentioned in post one and were not used during the initial tests by evaluator.

As said in the first post:

"Entry Points Strategy
[font=Verdana][size=2]The entry and exit strategy is simple. For placing an order one would wait until you have an extreme spike (opposing colour change) and the other 3 indicators show the same colour in the...
You should not trade every Symphonie signal without using discretion.

This thread offers great ideas and input, may be you like this filtered symphonie trading from tehnobyte …

Inserted Video


http://www.forexfactory.com/showthre...29#post5575429
  • #12,256
  • May 7, 2012 7:24am May 7, 2012 7:24am
Quoting realjumper
Of course you can do whatever you want....it seems a little strange though. You have already admitted that the strategy in it's infancy was "VERY profitable"......yet you are going to make a "no bullshit assessment" of it. Are you saying that the original accounts and assessments are bullshit???

I think the statements and accounts on page one speak for themselves.

It also seems a bit strange to re-prove the invention of the wheel, when there are thousands of posts here that show that the 'wheel' works pretty damn well.

We're all using the...
Of course not! But you know "on the words of noone" and all that jazz.

I am a scientist at heart so being able to replicate results is part of my learning process. Sure one person in this thread has shown positive results but that is only one person. Could those results be false? Possibly, not saying they are but how should i know? Testing is the only way.
In KS3 science students are told to always do a test three times with the same standard conditions just to minimise the effect of chance/probability in the whole thing. To get a more accurate picture of the results of their test.

So not reinventing the wheel just making sure that the blueprints for it all check out before i attach it to my car and put my family inside for a long trip on the motorway.

When I have that basic wheel working to a good standard then I can worry about modifying it etc.

I got to learn the long way lol. Or there is no way i'll understand it.
  • #12,257
  • May 7, 2012 7:29am May 7, 2012 7:29am
I agrre with you on that, for some of us is easier because we've been following the threat since the beginning so we have been thru all the "modifications"...
each one should follow the learning path that theu feel confortable with

Quoting woolo
Of course not! But you know "on the words of noone" and all that jazz.

I am a scientist at heart so being able to replicate results is part of my learning process. Sure one person in this thread has shown positive results but that is only one person. Could those results be false? Possibly, not saying they are but how should i know? Testing is the only way.
In KS3 science students are told to always do a test three times with the same standard conditions just to minimise the effect of chance/probability in the whole thing. To get a more accurate...
  • #12,258
  • May 7, 2012 11:31am May 7, 2012 11:31am
Hi everyone,

Finished my first days trail run of the system. Any pointers to be improved on will be taken note of for my next trial/demo! (Want to trade the system as is for a week first)

It's been a day filled with losses for me today. Only trading EURUSD with indicator settings from post one and using exit strategy 1. Although i never got above 30 pips so lots of closes after 4 extreme bars instead.

I have attached the chart of my trades bellow.

The trades all finished at the following prices:
-16 pips
-12 pips
-4 pips
-2 pips
-9 pips

These prices all include spread. I still have one active trade which is a buy order but the extreme indicator is nearly telling me to exit that at a loss again with 2 red bars.

I have added the stoch indi to look at an observe but have not acted upon it for the sake of making it a fair test for myself.

So to all of you that had a good day with the system today, what did you do differently to me? (Having read the thread there are apparently lots and lots of variations being traded. How did your version work out today?)
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  • #12,259
  • May 7, 2012 11:47am May 7, 2012 11:47am
Quoting woolo
Hi everyone,

Finished my first days trail run of the system. Any pointers to be improved on will be taken note of for my next trial/demo! (Want to trade the system as is for a week first)

It's been a day filled with losses for me today. Only trading EURUSD with indicator settings from post one and using exit strategy 1. Although i never got above 30 pips so lots of closes after 4 extreme bars instead.

I have attached the chart of my trades bellow.

The trades all finished at the following prices:
-16 pips
-12 pips
-4 pips
-2 pips
-9 pips

These...
IMO, you're taking symphonie as some holy grail of trading system entirety. It was never intended for that purpose. The OP has stated that many times over. There are other factors that must be taken into account before entry. One must use along with symphonie, Pivot/S&R/Trend direction/ADR/ Day H-L/ fundies, ect... Just to name a few. The results of your testing is very skewed and posting your losses on here as some statement of fact is very bad judgement. The problem is not the system but rather the trader. If you're looking for a holy grail, this is not it and you should contemplate moving on or maybe look for a signal service. This is just my opinion. No offense.
  • #12,260
  • May 7, 2012 12:10pm May 7, 2012 12:10pm
Quoting FXSwissTrader
IMO, you're taking symphonie as some holy grail of trading system entirety. It was never intended for that purpose. The OP has stated that many times over. There are other factors that must be taken into account before entry. One must use along with symphonie, Pivot/S&R/Trend direction/ADR/ Day H-L/ fundies, ect... Just to name a few. The results of your testing is very skewed and posting your losses on here as some statement of fact is very bad judgement. The problem is not the system but rather the trader. If you're looking for a holy grail, this...
Its seems i hit a nerve!

No I am trading as per the rules in post 1, I am posting my losses because back in the begining on the thread I saw Evaluator and others asking for people to post their negative results for feedback, thats is what I am doing here. How else do I learn to use this system?

My advice is take a breath, sit back look out the window and realise I am here to jump into the thread to learn not complain or insult anyone else. Admitting losses is the only way they can be avoided. Right?

Imagine a child in the classroom who never asks questions or for help. They fail the class because they just go with the flow.

Constructive feedback leads to progress! I am very humble to all of the people that have worked on this system but telling me to leave because I gave it a go for one day and got negative results is a little over the top don't you think?

Cherry picking data is what made people think the MMR vaccine gave children Autism. I am posting my results, sure they suck but it's the first day! I am not giving up that easy on this system as it seems to be working for so many others!
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