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Symphonie Trader System

  • #13,881
  • Jun 25, 2012 3:27pm Jun 25, 2012 3:27pm
Quoting olivierforex
Thanks for your reply Evaluator. I have many years of experience in trading but generally I trade longer timeframes (indices mainly but also the main forex pairs). Because I have started to look at smaller timeframes with (part)-automated setup and is how I came across this thread....

From having read many posts and having Symphonie running on a few instruments over the last couple of weeks, it's obvious that the strategy has some merit (mainly its simplicity and ease of understanding) and can/should be profitable in the right hands with decent...
olivierforex,

I trade in the 60 min timeframe but I use 5 min for my entry level. (see post #9774) As it is normal to have some pullback at the time of a Symphonie Signal and by using the larger timeframe of 60 min one has direction of overall trend and then you enter in the 5 min that gives you the time the retracement is complete on the 60 min. Signal.

It eliminates many of the repaint issues because 60 min is many stable timeframe to trade from. Also, I look for trendline breaks as well for added confirmation.

Evaluator.:nerd:
  • #13,882
  • Jun 25, 2012 3:52pm Jun 25, 2012 3:52pm
Quoting olivierforex
3) finding the times of the day when to trade as well as when NOT to trade a particular instrument (I trade indices/stocks & commodities too and they don't all tie up with the Frankfurt/London/NY open/close)

Oliverforex, are you trading indices and commodities also using THIS method?

Thanks for a kind reply
  • #13,883
  • Jun 25, 2012 3:55pm Jun 25, 2012 3:55pm
Quoting kojak
Hi Oli,
im usually a PA trader and only trade higher TF(4H and daily). But symphonie caught my interest . And im happy it did, when im waiting for 4h TF to give me signals there are almost everytime a symphonie signal in between.....

Hi KOjak, so you consider Symphonie NOT a good method to trade the higher (H4 or D1) timeframes, just h1 and lower??

Thanks and regards to Sweden
  • #13,884
  • Jun 25, 2012 4:15pm Jun 25, 2012 4:15pm
Quoting olivierforex
Thanks for your reply Evaluator. I have many years of experience in trading but generally I trade longer timeframes (indices mainly but also the main forex pairs). Because I have started to look at smaller timeframes with (part)-automated setup and is how I came across this thread....

From having read many posts and having Symphonie running on a few instruments over the last couple of weeks, it's obvious that the strategy has some merit (mainly its simplicity and ease of understanding) and can/should be profitable in the right hands with decent...
So given all your trading experience, you'll be well familiar and versed in the used of the Stochastic Oscillator, no?

So why are you making the same mistakes every noobie makes and focusing only on the matrix? I've been through this time and time again......very recently in detail......last week in fact. I have 7 conditions that must be met before entering a trade. When those conditions are met I enter the trade. If you refresh your chart at the close of every candle when you see a trade forming, repainting of emo and senti and trend is not an issue.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,885
  • Jun 25, 2012 4:24pm Jun 25, 2012 4:24pm
EU H1

Hidden Bearish divergence may be forming here......worth watching.
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,886
  • Jun 25, 2012 4:27pm Jun 25, 2012 4:27pm
Quoting Forex37
Hi KOjak, so you consider Symphonie NOT a good method to trade the higher (H4 or D1) timeframes, just h1 and lower??

Thanks and regards to Sweden
I love Symphonie but i hasnt tried h4 or D1 TF. But im pretty sure it would work

To be honest, Symphonie is the first system on lower TF that i have tried and been profitable with I love it!

Around 200 pip last week, just on Symphonie..Im happy with that.

But as i said before, im a PA trader on higher TF but Symphonie makes me money in between...A big thanks to you Evaluator and RJ for great posts
  • #13,887
  • Jun 25, 2012 5:00pm Jun 25, 2012 5:00pm
Quoting Evaluator
olivierforex,

I trade in the 60 min timeframe but I use 5 min for my entry level. (see post #9774) As it is normal to have some pullback at the time of a Symphonie Signal and by using the larger timeframe of 60 min one has direction of overall trend and then you enter in the 5 min that gives you the time the retracement is complete on the 60 min. Signal.

It eliminates many of the repaint issues because 60 min is many stable timeframe to trade from. Also,...
I don't think that we will ever say it enough to anyone new(ish) to trading, but one must always look at a higher timeframe than the one we're intending to trade so if you intend to follow Symphonie's 5M charts, keep in mind what the 15M/30M & 1H are doing as they will determine the direction of the trend.
Look at it this way, if the market is going to move 100 pips in one direction it will be a lot easier and a lot less dangerous to your account, to get 30 of those pips going with the trend (from the higher timeframe) rather than trying to achieve the same by scalping on any pullbacks against the trend - it's like trying to swim against the flow in a river lol
You gave a very good explanation of it in post #13817 also; anyone not familiar with this technique, should look at the chart in that post, then on 1H put a line where you get the various signals (like Evaluator did), then move down to 5M and look at the signals that were generated: a lot of them had very little drawdowns (something very important to bear in mind when you look bcak at charts: if you get a 1H signal on the 10.00 candle for example, you can only start looking at 5M signals going the same way after 11.00 - the 1H signal will only be valid at the close of the 10.00 candle, ie at 11.00).
  • #13,888
  • Jun 25, 2012 5:24pm Jun 25, 2012 5:24pm
Quoting Fable
Is it possible to see the stochatic H1 on a M5 chart ?
Yes......under inputs set the TF (in minutes) that you want
Attached File(s)
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 589 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,889
  • Jun 25, 2012 5:29pm Jun 25, 2012 5:29pm
Quoting realjumper
So given all your trading experience, you'll be well familiar and versed in the used of the Stochastic Oscillator, no?

So why are you making the same mistakes every noobie makes and focusing only on the matrix? I've been through this time and time again......very recently in detail......last week in fact. I have 7 conditions that must be met before entering a trade. When those conditions are met I enter the trade. If you refresh your chart at the close of every candle when you see a trade forming, repainting of emo and senti and trend is not...
I don't make noobie mistakes because there is nothing to discuss with the 4 other conditions (arrow, stox, TL, MA): none of these repaint and I'm sure there are plenty of posts about them in the beginners section lol

The main point I was trying to make was regarding the issue of backtesting and how it's not possible to do it to a level of precision that I'm after because of the repainting issue, even when using the Simulator (you cannot 'refresh' charts from the past).
I think that Evaluator understood me but you might have been just a bit too quick to lump me in the "oh look, a new thread that I don't know anything about so let's go and piss everybody off and declare the strategy rubbish" clan.
If you re-readme again you'll notice that there are many questions in my posts, not because I want to criticize, but because I don't follow blindly anyone just because they say something.
I appreciate that I'm not the first one in here doing that and that as an old timer in here you might be a bit pissed off by that ("here we go again" if I hear your tone of voice properly lol) but so be it.
I'm not here to pick a fight with anyone, just to learn some more: believe it or not, I started trading Euro in early 04, in the good old days of the 1.29 double top that cost me my first trading account (you only learn trading humility that way lol).
  • #13,890
  • Jun 25, 2012 5:47pm Jun 25, 2012 5:47pm
Quoting olivierforex
The main point I was trying to make was regarding the issue of backtesting and how it's not possible to do it to a level of precision that I'm after because of the repainting issue, even when using the Simulator (you cannot 'refresh' charts from the past).
And yet you posted:

Quoting olivierforex
2) I've noticed that often if the market turns at the time when a signal is generated, after the repainting has been done, it will leave only 1 column of 4 red/blue dots: is that why some people who have posted charts, sometimes seem to enter a trade only on the 2nd column of 4 dots (safer but later entry) or is there another reason like waiting for the arrow, higher timeframe confirmation....?

Quoting olivierforex
I think that Evaluator understood me but you might have been just a bit too quick to lump me in the "oh look, a new thread that I don't know anything about so let's go and piss everybody off and declare the strategy rubbish" clan.
On the contrary.....I have read your handful of posts and they make it quite clear that you seem to know almost everything about....well....everything.

Yet from your questions, it is apparent that you do not, and you wish to bite my head off for pointing out that filter the matgrix is a pretty easy thing to do, which can achieve a win/loss ratio for me in the 85% region.



Quoting olivierforex
If you re-readme again you'll notice that there are many questions in my posts, not because I want to criticize, but because I don't follow blindly anyone just because they say something.
If you re-read your own questions, you'll see that I answered one of them, and you seem to not like the answer. What a pity.


Quoting olivierforex
I appreciate that I'm not the first one in here doing that and that as an old timer in here you might be a bit pissed off by that ("here we go again" if I hear your tone of voice properly lol) but so be it.
That's the usual arrogant response from the lazy who refuse to do a bit of research.....far easier to just jump right in, read a few posts, brag about how good you are and then ask stupid questions that have been answered already.


Quoting olivierforex
I'm not here to pick a fight with anyone, just to learn some more: believe it or not,
Then do yourself a favour and read.


Quoting olivierforex
I started trading Euro in early 04, in the good old days of the 1.29 double top that cost me my first trading account (you only learn trading humility that way lol).
Yeah, yeah.....reading your posts you never seem to tire of telling people how much experience you have.....'those who talk about it the most.........'

Welcome to my ignore list
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,891
  • Jun 25, 2012 5:49pm Jun 25, 2012 5:49pm
Quoting Forex37
Oliverforex, are you trading indices and commodities also using THIS method?

Thanks for a kind reply
Hi Forex37,

At the moment I am not trading anything at all using Symphonie: I stumbled in here 2 weeks ago and since then I've been reading a lot of the posts, studying the live charts with the 1H/5M setup, getting frustrated with the backtesting issues because of the repaint and asking questions and getting answers.

Any method/strategy that is profitable using indicator(s) to generate signals will work roughly the same whether you apply it to forex pairs, indices, commodities or even bonds; an indicator is no more than a mathematical formula running in the background and it doesn't 'know' that you are applying it to an eur/usd chart or to crude oil chart.

For sure there will be different results between the instruments (because the original settings might have been tailored (some say curve-fitted) to a particular instrument), but a good indicator-based strategy that has a good Risk/Reward ratio will work across instruments (at the moment I'm mainly looking at Symphony on the Dow/S&P/Naz).
If the signals generated are good, the only thing that you need to adjust between the instrument are your Stop-Loss positions, your Target Points and your trading size (all 3 depending on the volatility of the instrument).

I hope that answers your question.

Oli
  • #13,892
  • Jun 25, 2012 6:19pm Jun 25, 2012 6:19pm
"Welcome to my ignore list"

Lol
Pleasure
  • #13,893
  • Edited 10:37pm Jun 25, 2012 8:54pm | Edited 10:37pm
I don't know whether it's the time of the year or something in the water....I don't know, but every now and then a cycle of 'repainting whiners' come here and bitch about repainting.....despite several people who have *proven* themselves to be excellent traders showing the way to work around this, by posting charts, live trades, templates, indicators to compliment the system etc.....instead of just whining and talking.

That's how we arrived at TVi to replace Extreme Spike which was a notorious repainter. TVi underwent quite a lot of testing by a small group of us here, and then we sent it to Eval to.....well....evaluate, to see if he was happy to incorporate this indi into his system. He was.....and he did.....which is where we are today.....with a much improved system that is more reliable and easier to trade.

But still the whining continues.

No matter, I have another indi that I am testing, and have given to the same group as before, and they are testing, that could replace the 'Trend' indi in the Matrix. The indi I am testing is simple and it indicates to within 1 bar the same as Trend on the Matrix. But, this indi can not and will not repaint, making it very reliable and will lift the Symphonie System to the next level.

Where I am at now is ending my tests of the indi and I am going to incorporate it into Matrix and run both Matrix side by side to see the comparison. If I have trouble incorporating into Matrix I will ask Lio for his help with this task.

Once that is done, if it proves to be a success, those of us testing will pass this to Eval for his consideration, and if his tests mirror ours, then we may go 'live' with it.

Of course it won't stop people whining about the 2 remaining indies repainting, but we can cross that bridge when we come to it.

So now you know.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,894
  • Jun 25, 2012 10:36pm Jun 25, 2012 10:36pm
Quoting realjumper
Where I am at now is ending my tests of the indi and I am going to incorporate it into Matrix and run both Matrix side by side to see the comparison. If I have trouble incorporating into Matrix I will ask Lio for his help with this task.
You cannot be discouraged, respect bro.
  • #13,895
  • Jun 26, 2012 12:49am Jun 26, 2012 12:49am
Quoting realjumper
I don't know whether it's the time of the year or something in the water....I don't know, but every now and then a cycle of 'repainting whiners' come here and bitch about repainting.....despite several people who have *proven* themselves to be excellent traders showing the way to work around this, by posting charts, live trades, templates, indicators to compliment the system etc.....instead of just whining and talking.

That's how we arrived at TVi to replace Extreme Spike which was a notorious repainter. TVi underwent quite a lot of testing by...
Thanks for your hard work mate....Really helpful...
45 Symhoniepip yesterday with PA....And today? I hope the same
Tx Eval and RJ....You two has changed my "daytrading life"..
  • #13,896
  • Jun 26, 2012 2:13am Jun 26, 2012 2:13am
got a signal on 15 min in this pair.
But its right on LO so i want to wait, both for a trendline break, and the 1,2700 break..Then im ready to short this one and targeting 1,2680 area..
  • #13,897
  • Jun 26, 2012 3:07am Jun 26, 2012 3:07am
Hi guys,
does anyone know how to filter the alarmsettings?
I dont want alarm/alert from 5 min chart only from 15 and up...
  • #13,898
  • Jun 26, 2012 3:31am Jun 26, 2012 3:31am
Quoting kojak
got a signal on 15 min in this pair.
But its right on LO so i want to wait, both for a trendline break, and the 1,2700 break..Then im ready to short this one and targeting 1,2680 area..
First target done
  • #13,899
  • Jun 26, 2012 4:03am Jun 26, 2012 4:03am
Quoting kojak
First target done


  • #13,900
  • Jun 26, 2012 4:14am Jun 26, 2012 4:14am
We got a sell signal EU..1h tf
And with a bearish outside bar on 4h tf.
Waiting for 1,2480 break though..
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