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Symphonie Trader System

  • #13,481
  • Jun 8, 2012 7:39pm Jun 8, 2012 7:39pm

This is an example of what happens to ones account once they stop using SYMPHONIE. Let this be a good lesson for all.

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  • #13,482
  • Jun 8, 2012 7:45pm Jun 8, 2012 7:45pm
Quoting Daytrader74

This is an example of what happens to ones account once they stop using SYMPHONIE. Let this be a good lesson for all.

Thanks for your honesty DT......and sorry to see that happen.

I think it might be more accurate to say that this is what happens with poor MM though, no?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,483
  • Jun 8, 2012 8:24pm Jun 8, 2012 8:24pm
Quoting realjumper
Thanks for your honesty DT......and sorry to see that happen.

I think it might be more accurate to say that this is what happens with poor MM though, no?
Well its both combined, poor money management and not following Symphonie.

I don't give up easily though, lessons have been learned and I will be funding a brand new account and starting a new myfxbook from the 1st of July (The start of the financial year) and will be providing the link to all any anyone who wishes to track my progress.
  • #13,484
  • Jun 8, 2012 8:30pm Jun 8, 2012 8:30pm
Quoting Daytrader74
Well its both combined, poor money management and not following Symphonie.

I don't give up easily though, lessons have been learned and I will be funding a brand new account and starting a new myfxbook from the 1st of July (The start of the financial year) and will be providing the link to all any anyone who wishes to track my progress.
That's the only way to succeed man.....get back on the horse!!

Best wishes
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,485
  • Jun 9, 2012 1:01am Jun 9, 2012 1:01am
Evaluator could you pass me your set from EA made ​​by stevehopwood?

I'm doing some tests

thanks
  • #13,486
  • Jun 9, 2012 2:36am Jun 9, 2012 2:36am
Quoting bobby2
The Law of Diminishing Returns is actually an economic theory. ......
Thanks bobby2.
Thanks for your help, warmth and straight talking Heather.
  • #13,487
  • Jun 9, 2012 3:08am Jun 9, 2012 3:08am
hi realjumper,

i'm interested in how you organize the trading, recognize early signals,
how many monitors, charts (6 pairs - 5min/60min ?) .....


your reply much appreciated
  • #13,488
  • Jun 9, 2012 5:30am Jun 9, 2012 5:30am
why does my extreme indicator from post 1,redraw,extreme v3.is this normaly?

3 or 4 bars
  • #13,489
  • Jun 9, 2012 5:30am Jun 9, 2012 5:30am
in daily chart !
  • #13,490
  • Jun 9, 2012 5:42am Jun 9, 2012 5:42am
thanks for this great system..
is there any template and indicator for 1hour (H1)?
  • #13,491
  • Jun 9, 2012 7:26am Jun 9, 2012 7:26am
Quoting feversam
thanks for this great system..
is there any template and indicator for 1hour (H1)?
I use the same settings on all timeframes.
  • #13,492
  • Jun 9, 2012 10:41am Jun 9, 2012 10:41am
Quoting Daytrader74

This is an example of what happens to ones account once they stop using SYMPHONIE. Let this be a good lesson for all.


OUCH!

A Stoploss is your best friend.....You may not like him that much but he keeps you from loosing your account.

I hope you were able to withdraw some funds and still can refund your account from your past profits.

Evaluator.:nerd:
  • #13,493
  • Jun 9, 2012 10:44am Jun 9, 2012 10:44am
Quoting Fbx
Evaluator could you pass me your set from EA made ​​by stevehopwood?

I'm doing some tests

thanks

It does not work. I was waiting on them to tell me when they have a functioning EA to test. So far they have not been able to automate Symphonie with any results worth reporting.

Evaluator.:nerd:
  • #13,494
  • Jun 9, 2012 6:06pm Jun 9, 2012 6:06pm
Quoting guenter487
hi realjumper,

i'm interested in how you organize the trading, recognize early signals,
how many monitors, charts (6 pairs - 5min/60min ?) .....


your reply much appreciated
Well.....what you're asking for is for me to write down everything I do isn't it? That's too much writing for me, and most of what you're asking has already been spoken about in the thread. If you click on my username and go through my posts you'll probably find your answers.

In short though.....

How do I recognise early signals: Experience......either you recognise them or you don't. Not too sure what your question is there.

How many monitor: Just one, the charts are all on tabs so it's very easy to switch between them.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,495
  • Jun 9, 2012 6:07pm Jun 9, 2012 6:07pm
Hello

Is there any difference between the Symphonie Matrix with the TVI vs the one with the Extreme

Bluesky100
  • #13,496
  • Jun 9, 2012 6:13pm Jun 9, 2012 6:13pm
Quoting bluesky100
Hello

Is there any difference between the Symphonie Matrix with the TVI vs the one with the Extreme

Bluesky100
http://www.forexfactory.com/showthre...07#post5741007
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,497
  • Jun 9, 2012 6:41pm Jun 9, 2012 6:41pm
Quoting Evaluator
OUCH!

A Stoploss is your best friend.....You may not like him that much but he keeps you from loosing your account.

I hope you were able to withdraw some funds and still can refund your account from your past profits.

Evaluator.:nerd:
I sure managed to save some.

Stop-loss is one of the best invention of the financial trading. At the same time it's also one of the most cursed thing in Forex — how many times was your stop-loss hit just before the trend reversed in the direction of your position?

For many traders stop-loss orders are the reason of depression and despair. Unfortunately, not many of them understand that if they didn't use stop-loss the results would have been even worse.
  • #13,498
  • Jun 10, 2012 5:48am Jun 10, 2012 5:48am
Quoting realjumper
Remember in 2010 when the SNB persistently intervened in the market to stem the fall of the euro (and subsequent rise of the swissy), and it cost them eye watering amounts of money and their efforts failed as the euro plummeted when the SNB could no longer bear the cost of intervention?

You would think that SNB would have learned that intervention does not work after such a massively expensive ($200 billion) exercise. You can read about that here

Well.....as they...
That's an interesting article showing that the Swiss are dumping their euros. It helps explain the recent euro falls. Still, the Swiss have lots of money. It just shows what the profit margins must be like on cuckoo clocks - and what can be achieved by not joining in all the popular wars for nearly 200 years.

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  • #13,499
  • Jun 10, 2012 4:20pm Jun 10, 2012 4:20pm
Quoting realjumper
Thanks for your honesty DT......and sorry to see that happen.

I think it might be more accurate to say that this is what happens with poor MM though, no?
About that, I have some difficulties with MM on post #1. My aim for now is to find a way to set a good SL and a TP because I prefer to have a clear idea on what I'm ok to loss and what's my possible profit.

I'm currently testing something here as other people try to find the same thing as me aka a simple exit strategy (if I'm not mistaking Dyekid217 was also trying to find a way with the TMA bands of Alorente, cfr the Extreme TMA system).

Would be great if some successful traders from this threat could explain more in detail how they manage their money with symphonie. Very big THANKS in advance

Best regards,

Fable
  • #13,500
  • Jun 10, 2012 4:35pm Jun 10, 2012 4:35pm
Quoting Fable
About that, I have some difficulties with MM on post #1. My aim for now is to find a way to set a good SL and a TP because I prefer to have a clear idea on what I'm ok to loss and what's my possible profit.

I'm currently testing something here as other people try to find the same thing as me aka a simple exit strategy (if I'm not mistaking Dyekid217 was also trying to find a way with the TMA bands of Alorente, cfr the Extreme TMA system).

Would be great if some successful...
For me, setting the SL is easy......for a short, the SL goes above the recent swing high. For a long, the SL goes below the recent swing low. If the swing is too far away and the SL is too expensive, then I either reduce the size of my trade of I just give the trade a miss until I see a better option later.

Remember, a SL is there to save your account from serious damage.....it's not there for you to sit and watch it get hit like some mindless robot!!! If you see that you made a mistake and the PA is going the other way.....exit the trade. No need to sit there watching the SL get hit.

For the Target Price.....I look to the next pivot or other s/r level. If you look back on the charts I post you'll see how I plot these levels for long term watching......the same works for short term levels.

If my trade reaches the next pivot or s/l level or round number, then I won't exit straight away, but I will bring my SL up to with (say) 15-20 pips of where the PA sits. Now the trade is free, the risk is removed. If the PA looks to reverse, I will exit. If the PA continues, then I will bring my SL to just below the previous pivot, s/r, round number etc (for a long.....opposit for a short of course) and target the next pivot level, s/r, round number or whatever. If the next level is a long way off, I might manually trail my SL somem15-20 pips behind the PA.

Exiting is the hardest part imo, but that's the way I do it
Doing what you like is Freedom. Liking what you do is Happiness.
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