Symphonie Trader System | Page 786 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ci/symphonie extreme similarity explained! 144 replies

Symphonie/Cobra Hybrid System 4 replies

Symphonie trader or Genesis matrix 1 reply

Symphonie Trader System EA 73 replies

Yet another set of Symphonie Indicators 241 replies

Attachments: Symphonie Trader System
Exit Attachments

Symphonie Trader System

  • #15,701
  • Oct 31, 2012 7:18am Oct 31, 2012 7:18am
I need to ask a noob question.

At this moment I have only the Symphonie Matrix v3.0.1 in my chart. As far as I understand, for an entry (lets say buy) I have to wait for the Trend, Emotion and Sentiment colors to turn blue, and then see the Extreme turn red and THEN blue to enter the buy, right? Or I just have to see the four indicators to turn blue?

Now, for the moderate aggresive exit, I should close half the trade when the Extreme turns red, and the other half when the Trend or any other indicator turns red? (2 out of 4 against my trade).

Thanks!
  • #15,702
  • Oct 31, 2012 11:23am Oct 31, 2012 11:23am
Quoting Trucomallica
I need to ask a noob question.

At this moment I have only the Symphonie Matrix v3.0.1 in my chart. As far as I understand, for an entry (lets say buy) I have to wait for the Trend, Emotion and Sentiment colors to turn blue, and then see the Extreme turn red and THEN blue to enter the buy, right? Or I just have to see the four indicators to turn blue?

Now, for the moderate aggresive exit, I should close half the trade when the Extreme turns red, and the other half when the Trend or any other indicator turns red? (2 out of 4 against my trade).

Thanks!...
read page one
  • #15,703
  • Oct 31, 2012 11:42am Oct 31, 2012 11:42am
So Allison, the reason you're looking for different indicators and dashboards as extension is that the system is not working for you either? I had a few days positive balance but the whole month generally was a disaster. Clearly I made some mistakes, but my results are nowhere near the ones I'd expect according the tests posted by Eva.

Is it me, or it's the current market conditions that changed and made the original system fail on M15?
  • #15,704
  • Oct 31, 2012 11:51am Oct 31, 2012 11:51am
Quoting Lucem Ferre
So Allison, the reason you're looking for different indicators and dashboards as extension is that the system is not working for you either? I had a few days positive balance but the whole month generally was a disaster. Clearly I made some mistakes, but my results are nowhere near the ones I'd expect according the tests posted by Eva.

Is it me, or it's the current market conditions that changed and made the original system fail on M15?
i use the other systems for confirmation and better entry. the dashboard i use just to be able to see the volume and momentum. before i enter any trade i wait for symphonie to confirm the overall movement and direction. symphonie works great for me, you just have to remember that it repaints, and you need to find your own targets when you enter a trade. also, never go against the trend. another thing you might want to do is wait for the end of the second symphonie signal, so you do not get caught up in whipsaws the market naturally makes. dont forget to set your stop losses. a good targeting strategy i use is the 1 / 2 ratio. for every 1 you can stand to lose, you want to make 2. also, i will not enter a trade if it's not above the symphonie trendline, or 5 day MA.. all this information is in page one. here's a little trick. try putting your entry around 10 pips above or below the candle that symphonie's signal was triggered on.
  • #15,705
  • Oct 31, 2012 2:39pm Oct 31, 2012 2:39pm
Quoting allisonmagic
read page one
Yeah I was rereading it and now I think I got it
  • #15,706
  • Oct 31, 2012 8:07pm Oct 31, 2012 8:07pm
Quoting bab-esfanji
I am using the default settings Symphonie_Matrix_Indikator_v3.0.1

But first of all I must find a trend

If the position was between the pivots
Symphonie system I use

and
The currency strength indicator that shows you the power of each currency
bab-esfaniji,

could you post mq4 for the currency strength indicator?
Tried to change the timeframe and it keeps freezing the platform.
Thanks.

RJ
  • #15,707
  • Oct 31, 2012 11:11pm Oct 31, 2012 11:11pm
Quoting Lucem Ferre
So Allison, the reason you're looking for different indicators and dashboards as extension is that the system is not working for you either? I had a few days positive balance but the whole month generally was a disaster. Clearly I made some mistakes, but my results are nowhere near the ones I'd expect according the tests posted by Eva.

Is it me, or it's the current market conditions that changed and made the original system fail on M15?

In my opinion, Symphonie signals and rules for entry and exit are great but I think you need to use trend lines and areas of support and resistance to make more refined decisions when using the Symphonie signals. My testing with this system has greatly improved by using support and resistance.

For example, if I get a short signal and the price is approaching a resistance zone, I will not enter until it has moved past the zone.

Same thing with exit signals. I am not greedy, I am using S/R levels to exit trades and if it pushes through the zone, I may enter another trade as long as Symphonie signal is still valid(4 dots same color). Usually I just take the pips and call it a day.

S/R levels are the fundamentals of my previous strategy. I am now blending my old strategy with Symphonie and the results are really good.

I may not be quitting my day job anytime soon but I am consistently making positive pips every week on my demo account with my Symphonie hybrid strategy testing.

Good luck
  • #15,708
  • Nov 1, 2012 10:43am Nov 1, 2012 10:43am
Quoting igeorgei
In my opinion, Symphonie signals and rules for entry and exit are great but I think you need to use trend lines and areas of support and resistance to make more refined decisions when using the Symphonie signals. My testing with this system has greatly improved by using support and resistance.

For example, if I get a short signal and the price is approaching a resistance zone, I will not enter until it has moved past the zone.

Same thing with exit signals. I am not greedy, I am using S/R levels to exit trades and if it pushes through the zone,...
Perfect example of what I am saying happened this morning at start of US session. Symphonie gave a buy signal on EU 1H TF. First candle closed with a solid 4 bars to go long on EU but the problem is, EU failed to close above the daily pivot. It did pierce it but failed to close above. I chose to ignore the Symphonie signal and now you can see that it did in fact bounce dropped 30+ pips.

This is the type of SR related technicals that I use to refine my Symphonie trading! It kept me out of the market and out of negative pips :-)
  • #15,709
  • Nov 2, 2012 1:32am Nov 2, 2012 1:32am
Quoting allisonmagic
if we break past 1.2923, we will see 1.2901

target hit

+ 16 pips
  • #15,710
  • Nov 2, 2012 1:21pm Nov 2, 2012 1:21pm
EUR/USD


If we break 1.2824, we will see 1.2702 over the next couple days next week
  • #15,711
  • Nov 2, 2012 4:15pm Nov 2, 2012 4:15pm
Hey Everyone

Well its been 4 weeks of testing Symphonie. 2 weeks testing 15m TF and now 2 weeks testing 1H TF.

I am very happy with Symphonie and the results. Note that my Symphonie signals are filtered through my SR strategy for final confirmation. The trades are fewer but the win ratio is way better.

All entries are Symphonie signals!!!! I just picked which ones looked good.

Week 2

Oct 29, 2012

+44 gu closed trade because away from computer and price action at support level. US closed due to hurricane Sandy

Oct 30, 2012

0 pips Missed Eu trade that started during London (while I was asleep) Us exchange still closed. I chose to stay out

Oct 31, 2012

no trades No signals from Symphonie

Nov 1, 2012

+15 GU Set TP and went to bed, London open price surged Hit S2
+20 Eu Set TP and went to bed, London open price surged Hit S2

Nov 2, 2012

No trades. NFP friday, I never trade NFP until after the caos and only if the market starts to trend.


Well that's it for me, I will be trying this live starting next week with 1% at first then we will see what happens from there.

Thank you Evaluator for such a great system. It is what I have been looking for for a long time to help my own technicals.

Good luck all
  • #15,712
  • Nov 3, 2012 10:26am Nov 3, 2012 10:26am
Hi everyone!
I have one question about Symphonie Matrix Indikator v1.7, is it repaints on daily charts?
It seems that i found one good strategy for trading on daily charts....hmmmm
  • #15,713
  • Nov 3, 2012 5:36pm Nov 3, 2012 5:36pm
With a broken trendline around 1.2900 and no real news coming out for the euro or the dollar for the next couple days next week, we should see clear through to 1.2766. with a possible retrace to the 61.8 fib before we move down. however, on a positive note...expect to see 1.2766 between sunday and late monday.

look for signals from symphonie to get bullish, but do not follow the signal. wait for the 61.8 or 50% fib before you make a move. symphonie will give you a sell signal on the 1h chart. then go hard and look to hit 60 to 80 pips around 1.2766
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 41 KB
Click to Enlarge Name: Untitled2.png Size: 60 KB
  • #15,714
  • Nov 4, 2012 7:46pm Nov 4, 2012 7:46pm
it's the start of our trading week ! good luck everyone
  • #15,715
  • Nov 5, 2012 5:47am Nov 5, 2012 5:47am
Last week was pretty rough but then made around 400 pips trading Gold and Eur/Usd on the 30M time frame on friday..Hope this week the action continues...
  • #15,716
  • Nov 5, 2012 1:22pm Nov 5, 2012 1:22pm
Quoting taranjeet_87
Last week was pretty rough but then made around 400 pips trading Gold and Eur/Usd on the 30M time frame on friday..Hope this week the action continues...

trading the news is always fun
  • #15,717
  • Nov 5, 2012 1:25pm Nov 5, 2012 1:25pm
the gbp,jpy was the only one moving for me last night. was good trading though, hit 2 targets
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 8 KB
  • #15,718
  • Nov 5, 2012 2:47pm Nov 5, 2012 2:47pm
Quoting allisonmagic
With a broken trendline around 1.2900 and no real news coming out for the euro or the dollar for the next couple days next week, we should see clear through to 1.2766. with a possible retrace to the 61.8 fib before we move down. however, on a positive note...expect to see 1.2766 between sunday and late monday.

look for signals from symphonie to get bullish, but do not follow the signal. wait for the 61.8 or 50% fib before you make a move. symphonie will give you a sell signal on the 1h chart. then go hard and look to hit 60 to 80 pips around 1.2766...

we hit the target i was predicting at 1.2766. hope you guys took advantage

If we get a break past 1.2766, we will see another target of 1.26695
  • #15,719
  • Nov 6, 2012 1:29am Nov 6, 2012 1:29am
Hello ,

I just want to Thank you for creating and sharing the Symphonie system.
Dragon Rider
  • #15,720
  • Nov 6, 2012 3:23am Nov 6, 2012 3:23am
EURUSD price action has finally dropped to the 38.2 fib retracement of the last wave 3 rally from 1.21300 to 1.31679.

If this holds as a wave 4 retracement then the EURUSD has approached a possibel bounce level that will set in place the final wave 5 rally. This is also a resistance level turned support so a break below 1.27400 should prove to be very supportive to price action.

A break of this level could force a complete retracement back to the July low of 1.20200 so watch close for your Symphonie signal to buy or sell because at this point in time the EURUSD is at a cross road...which will it be more rally or a full retracement. Only the markt will know....

Best of Luck.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 409.jpg Size: 146 KB
34 traders viewing now