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Symphonie Trader System

  • #14,061
  • Jun 28, 2012 5:34am Jun 28, 2012 5:34am
Quoting yelena
for me EU was not textbook coz it was above R1 and no re-test of resistance before breaking low.

unlike GU. immediately after testing R1 it gave a matrix sell signal. scardie cat that i am, placed TP 1 pip above DP.

seeing PA slide i switched to M1 and entered in full matrix signal and TP'd 1 pip above S1.

nevertheless, id still have to say thank you for your symph! met more than daily target for just trading in 3 hours. signing off now and more green pips to you and to everyone!
the chart you posted you used you used stochastic and MACD. can you give me the template for indicators !
please
  • #14,062
  • Jun 28, 2012 5:37am Jun 28, 2012 5:37am
Quoting ohammond
Why is is good for backtesting?
It's good for backtesting because you can look back at your charts in Symphonie's default 5M TF and also see what the Matrix was doing at that time in any other (higher) TFs (as we know, it's best to trade with the prevailing trend, so always at least consider what the higher TF is telling you).
If you do that, you will find out that certain instruments give more reliable entries if a 5M signal is also accompanied by a 15M signal at the same time. Other instruments are more reliable if the 5M & 30M are in agreement and so on (each instrument trades slightly differently and because an indicator is only a piece of code, it will be more in harmony with some than others).

Now, there are limits to this backtesting and you must bear this in mind: if you backtest & look at 'Tape' on a 15M TF it will only tell how it CLOSED at the end of those 15 minutes, meaning that if your 5M signals appeared during the first 10 minutes of that bar, you have no way of knowing exactly what colour 'Tape' was then.
"That's bloody useless then" I hear you say lol Well yes and no but look at the positives:
1) if your 5M signal was generated during the last 5 minutes of that 15 minutes 'Tape' bar and they were both the same colour, you have a very important 'higher TF confirmation'.
2) and if you find out that signal accuracy is greatly enhanced when you have 'higher TF confirmation' then for every live signal you get, you might decide to wait for the close of the 15M bar or only trade signals generated at 15/30/45/00 past the hour (this sound restrictive but it isn't: there are so many pairs/instruments to trade that you'll still get plenty of signals everyday).

In the end it's better to trade less with more reliable signals than trade more and have more losses. Because you can apply Symphonie do any instruments, in effect Symphonie supplies you with a limitless 'quantity' of signals every day: it's up to you to do some extra work and also get 'quality' pips (the ones with little or no drawdown).

Oli
  • #14,063
  • Jun 28, 2012 5:52am Jun 28, 2012 5:52am
Quoting Evaluator
It appears Symphonie is spawning a whole new industry here at ForexFactory.
Yeah Evaluator, it's like lots of little workshops making customised parts for your trading; that in itself is a testament to Symphonie's strength (after all, who would waste time to develop add-ons for a strategy that doesn't work)!

Evaluator, is Symphonie your 'baby' mainly/originally (others in here also seem to be closely linked to it)?
  • #14,064
  • Jun 28, 2012 6:09am Jun 28, 2012 6:09am
Quoting olivierforex
Yeah Evaluator, it's like lots of little workshops making customised parts for your trading; that in itself is a testament to Symphonie's strength (after all, who would waste time to develop add-ons for a strategy that doesn't work)!

Evaluator, is Symphonie your 'baby' mainly/originally (others in here also seem to be closely linked to it)?

It's all MINE!

It took me 22 months of development, testing, and fine tuning before I created the Symphonie System thread back in September.

But what you see today could not have been made as user easy without all the contributions from the group!!

Evaluator.:nerd:
  • #14,065
  • Jun 28, 2012 6:14am Jun 28, 2012 6:14am
Now that the EURUSD has turned the corner and the markt has been nice enough to show us its next moves one needs to start think about the next end points and turns.....

Because of this gift from the markt we can now plug in the number and make range estimates of what to look forward as take profit levels and new entry levels.

As I worked out the calculations I put forth the below as estimated end game points to consider in closing sell orders and looking to now Buy EURUSD.

So....the below screenshot is for your consideration.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 299.jpg Size: 132 KB
  • #14,066
  • Jun 28, 2012 6:23am Jun 28, 2012 6:23am
Quoting realjumper
The reason I took the exit where I did is simply that ATR has been well and truly smashed and I expect some pullback sooner or later.
And here it comes!........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,067
  • Jun 28, 2012 6:37am Jun 28, 2012 6:37am
Don't we have a bearish divergence forming on EU ?
  • #14,068
  • Jun 28, 2012 6:44am Jun 28, 2012 6:44am
Quoting Fable
Don't we have a bearish divergence forming on EU ?
I don't see one......can you post a chart?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,069
  • Jun 28, 2012 6:46am Jun 28, 2012 6:46am
Quoting Evaluator

So....the below screenshot is for your consideration.

Evaluator.:nerd:
maybe we going up already
http://www.actionforex.com/images/st...2012062813.gif
  • #14,070
  • Jun 28, 2012 6:51am Jun 28, 2012 6:51am
Quoting IgorD
maybe we going up already
http://www.actionforex.com/images/st...2012062813.gif

Very possible but experience tells me this is probably a retrace of the last drop...1.2460 to 1.2470 should be the level to watch. A break of that level higher would reinforce your analysis. However, a break and close below 1.24300 would reinforce my analysis that price action on EURUSD is heading down.

Evaluator.:nerd:
  • #14,071
  • Jun 28, 2012 6:51am Jun 28, 2012 6:51am
Quoting realjumper
I don't see one......can you post a chart?
on m5.

I'm waiting for the M5 sell signal but I'm afraid it comes too late :/ my target is S2 and S1 on the cable
Attached Image (click to enlarge)
Click to Enlarge Name: Capture d’écran 2012-06-28 à 13.49.35.png Size: 38 KB
  • #14,072
  • Jun 28, 2012 7:03am Jun 28, 2012 7:03am
Quoting Evaluator
Very possible but experience tells me this is probably a retrace of the last drop...1.2460 to 1.2470 should be the level to watch. A break of that level higher would reinforce your analysis. However, a break and close below 1.24300 would reinforce my analysis that price action on EURUSD is heading down.

Evaluator.:nerd:
H1 maybe down to 2350 first?
http://www.actionforex.com/images/st...2012062814.gif
  • #14,073
  • Jun 28, 2012 7:04am Jun 28, 2012 7:04am
Quoting Fable
on m5.

I'm waiting for the M5 sell signal but I'm afraid it comes too late :/ my target is S2 and S1 on the cable
Wow.......a psychedelic chart....lol......I can't see anything on that chart!!!

I do see a hidden bullish divergence on the M5, but to be honest, I don't pay any attention to M5 divergences. I have not found them to be too reliable at much under H1
Doing what you like is Freedom. Liking what you do is Happiness.
  • #14,074
  • Jun 28, 2012 7:09am Jun 28, 2012 7:09am
Quoting realjumper
Wow.......a psychedelic chart....lol......I can't see anything on that chart!!!

I do see a hidden bullish divergence on the M5, but to be honest, I don't pay any attention to M5 divergences. I have not found them to be too reliable at much under H1
Sorry about that. I cut the trade to BE.
Yeah it look very messy but it's simple 60-5 methode and I like it.

Edit: look likes the trades was a good one after all
  • #14,075
  • Jun 28, 2012 7:10am Jun 28, 2012 7:10am
Quoting IgorD
H1 maybe down to 2350 first?
http://www.actionforex.com/images/st...2012062814.gif
very good ! excelent
  • #14,076
  • Jun 28, 2012 7:25am Jun 28, 2012 7:25am
Quoting Evaluator
Now that the EURUSD has turned the corner and the markt has been nice enough to show us its next moves one needs to start think about the next end points and turns.....

Because of this gift from the markt we can now plug in the number and make range estimates of what to look forward as take profit levels and new entry levels.

As I worked out the calculations I put forth the below as estimated end game points to consider in closing sell orders and looking to now Buy EURUSD.

So....the below screenshot is for your consideration.

Evaluator.:nerd:...

where did you learn about these waves or do you have a good source that you recommend for learning about elliots wave (that is what this is called correct?)
  • #14,077
  • Edited 2:53pm Jun 28, 2012 7:29am | Edited 2:53pm
Here is an easy price action pattern formation that should be recognized...

The BEAR Flag....

Here is the old post #1454 and below is what is happening in the markt right now....Remember history repeats itself over and over and over again. Part of being a successful consistant trader is seeing the signs and knowing the out comes because they happen again and again in the forex world.

Watch 1.24650 that is top of flag and 1.24250 as the bottom of flag. A break at either of those levels will tell direction. Above invalidates and changes wave structure and below confirms flag and drop in EURUSD.

Evaluator.:nerd:

P.S. For those counting this is my 300th chart posting!
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 300.jpg Size: 140 KB
  • #14,078
  • Jun 28, 2012 7:31am Jun 28, 2012 7:31am
Quoting roobii
where did you learn about these waves or do you have a good source that you recommend for learning about elliots wave (that is what this is called correct?)

Start here....http://en.wikipedia.org/wiki/Elliott_Wave_Principle

and if you still want the Bible on Elliott Wave go here...

http://www.amazon.de/The-Elliott-Wav.../dp/0471987301

Also, if you Google you will find many resources to pull from.

Evaluator.:nerd:
  • #14,079
  • Jun 28, 2012 8:20am Jun 28, 2012 8:20am
Quoting yelena
not sure how it will help you coz it doesnt help yet. or maybe i just cant make of it.
Thank very much !
  • #14,080
  • Jun 28, 2012 12:24pm Jun 28, 2012 12:24pm
1000s of posts to this thread so don't know if I read every single one ... I've used a 20 sma as a "filter" and it works as well as I could expect for such a thing. I got that by trying to match an easily available indicator to an indicator by the name of Laguerre filter which is used along with Laguerre RSI (both @ .70 gamma) to trigger a trade. I noticed a 20 sma seemed to follow it fairly well especially where it crosses the price action. Looked back in history and noticed a 20 sma seems to be a good trigger for a trade and have it on most of my charts now. I just wait for price to cross it as trigger and then wait for price bar to complete outside in the direction of the potential trade to open the trade. Also, trade with trend and use in conjunction with Symphonie indicators and avoid congestion or ambiguous areas of trading ... good luck/trading/skill and appreciate any comments.
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