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Symphonie Trader System

  • #15,821
  • Dec 10, 2012 2:09am Dec 10, 2012 2:09am
Quoting Evaluator
OK... Here is my Christmas present to all. A new Symphonie. After months of work by LdHT and myself we are proud to release this new Symphonie Matrix indikator. (4.4h)

You will no longer need any additional indikator as this version is complete stand alone and no additionals that are need. Best of all....none of this indikator repaints. No row will ever repaint once the time bar is closed.

However, there are some special rules that you need to follow as this indikator is timeframe specific. That is right...


Verrrry coool thanks so much for this it looks great

I just have another quick question in regards to your system, from post one I had the idea that once all 4 colours lined up that would be my entry and that would get me out of the whip saw affect that we see with the asian period??. Is my assumption correct or do I have to wait for the market to be trending before I start using that theory.

Thanks again for your help and we really appreciate it

Regards
Alex
  • #15,822
  • Dec 10, 2012 2:18am Dec 10, 2012 2:18am
Quoting Alexoptions
Verrrry coool thanks so much for this it looks great

I just have another quick question in regards to your system, from post one I had the idea that once all 4 colours lined up that would be my entry and that would get me out of the whip saw affect that we see with the asian period??. Is my assumption correct or do I have to wait for the market to be trending before I start using that theory.

Thanks again for your help and we really appreciate it

Regards
Alex
It really depends on the markt and the timeframe you trade but yes you are correct Symphonie will help to keep you on the trend and out of nasty whipsaws. I will say if the whipsaws are large (as show by the past 3 weeks) you can get catch in them and that is where the other components of Symphonie help protect you.

Symphonie Trader System is a complete trading system not just an indikator. Post#1 should explain that to you.

Best of Luck.

Evaluator.:nerd:
  • #15,823
  • Dec 10, 2012 3:33am Dec 10, 2012 3:33am
Quoting Evaluator
It really depends on the markt and the timeframe you trade but yes you are correct Symphonie will help to keep you on the trend and out of nasty whipsaws. I will say if the whipsaws are large (as show by the past 3 weeks) you can get catch in them and that is where the other components of Symphonie help protect you.

Symphonie Trader System is a complete trading system not just an indikator. Post#1 should explain that to you.

Best of Luck.

Evaluator.:nerd:
There is something wrong with this :
TimeFrame 5 min
Extreme indikator
0,00057
0,5

Emotion indikator
100

Trendline indikator
50

Sentiment indikator
24
52
15
26
  • #15,824
  • Dec 10, 2012 3:36am Dec 10, 2012 3:36am
Quoting Benjie
There is something wrong with this :
TimeFrame 5 min
Extreme indikator
0,00057
0,5

Emotion indikator
100

Trendline indikator
50

Sentiment indikator
24
52
15
26

care to explain?
  • #15,825
  • Dec 10, 2012 3:42am Dec 10, 2012 3:42am
Quoting Evaluator
care to explain?
Sentiment variables are fast EMA 24, slow EMA 52 and mcad SMA..... 3 variables
your table has 4 sentiment variables.
My extreme on the 5M chart: step=0.00057 and Maximum = 0.5


Please check the picture and tell me if its how it should be on 5m timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #15,826
  • Dec 10, 2012 4:08am Dec 10, 2012 4:08am
Quoting Benjie
Sentiment variables are fast EMA 24, slow EMA 52 and mcad SMA..... 3 variables
your table has 4 sentiment variables.
My extreme on the 5M chart: step=0.00057 and Maximum = 0.5


Please check the picture and tell me if its how it should be on 5m timeframe
I only have 3.
(see screenshot)
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 438.jpg Size: 106 KB
  • #15,827
  • Dec 10, 2012 4:13am Dec 10, 2012 4:13am
Quoting Evaluator
I only have 3.
(see screenshot)
Thanks, these are your settings for 5M timeframe ? right ?

You included this in your earlier post, it would be great if you can correct it for new people like me ..cheers for the great system

TimeFrame 5 min
Extreme indikator
0,0057
0,5

Emotion indikator
100

Trendline indikator
50

Sentiment indikator
24
52
15
26
  • #15,828
  • Dec 10, 2012 4:15am Dec 10, 2012 4:15am
Quoting Benjie
Thanks, these are your settings for 5M timeframe ? right ?

You included this in your earlier post, it would be great if you can correct it for new people like me ..cheers for the great system

TimeFrame 5 min
Extreme indikator
0,0057
0,5

Emotion indikator
100

Trendline indikator
50

Sentiment indikator
24
52
15
26
Ah...it was a typing mistake on post. I have corrected. Thank you for catch. When I post the table into thread post the thread software does not support tables.

Evaluator.:nerd:
  • #15,829
  • Dec 10, 2012 4:38am Dec 10, 2012 4:38am
Multiple ordering and ARS.

It is important to understand the way I trade and how I view ARS using the Symphonie Money Management components. I am seek to explain myself and hope it will clear up confusion from people who have send me private messages and do not understand.

Using Account Ratio System (ARS) component of the Symphonie Trader System (see post#1) is design to be a simple and fast method of lotsize management as to protect ones account from a margin call. (a margin call means you no longer have enough funds in your account or you are broke!)

Basically ARS is designed on a 0.10 to 1k scale meaning for every 1000$ in account balance means you trade a lot size of 0.1 or a mini lot.

That does not mean you are only restricted to only one order at a time and one can have multiple orders open that exceed the ARS number. (huh!? what does that mean?)

What that means is at any one time if you have a stoploss that will negatively impact your account then your orders open should not exceed the ARS number.

Therefore, once the order you have open moves to a positive stoploss where a price reversal or stoploss hit will not negative impact your account. This frees up your ARS number to be used again on another order.

So, you can have 100 orders opened at one time as long as the 100 orders have a stoploss that will only add pips to your account and not take away.

For example,

I have account with 2000k and a ARS of 0.2

I open up an order (lotsize 0.20) at Symphonie signal and the price moves 20 pips positive. I move stoploss to breakeven (BE) +1 pip so if the price reverse then I will get 1 pip in profit added to my account.

At the time I move the stoploss into positive profit flow into my account that free up the ARS number and I look to add another order at 0.20 lotsize with the existing order still open.

As one can see, it is possible to have infinite number of orders open at one time as long as the stoploss protecting order is going to positive impact your account.

ONE WILL NEVER GO BROKE with a Stoploss infront of your order.!

I hope this explains why I have many more orders open and I am still follow the rules of post#1 and ARS money management guidelines.

Best of Luck.

Evaluator.:nerd:
  • #15,830
  • Dec 10, 2012 5:11am Dec 10, 2012 5:11am
Interesting analogy from Ed Matts on EURUSD.

http://stocktwits.com/message/10817515

http://charts.stocktwits.com/product...png?1354619909
  • #15,831
  • Dec 10, 2012 7:13am Dec 10, 2012 7:13am
Two nice possible entry levels in EURUSD for a Buy that can be locked at BE +1 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 439.jpg Size: 114 KB
  • #15,832
  • Dec 10, 2012 7:21am Dec 10, 2012 7:21am
I was wondering, why does the 5min chart didn't give a buy ,while the 15min chart is giving long... Is this normal ?
  • #15,833
  • Dec 10, 2012 7:23am Dec 10, 2012 7:23am
Quoting Benjie
I was wondering, why does the 5min chart didn't give a buy ,while the 15min chart is giving long... Is this normal ?

Make sure you check settings. Also, the 5 min settings I use are harder on direktional changes than the larger timeframe to prevent false signals from whipsaws.

As I stated in my post, those are my optimized settings that you may wish to modify to your preferences.

Evaluator.:nerd:
  • #15,834
  • Dec 10, 2012 7:24am Dec 10, 2012 7:24am
This is my 5min chart with the indicator that you just posted including the 5 min settings that you posted couple of hours ago
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.gif Size: 16 KB
  • #15,835
  • Dec 10, 2012 7:29am Dec 10, 2012 7:29am
Quoting Benjie
This is my 5min chart with the indicator that you just posted including the 5 min settings that you posted couple of hours ago
OK. I see why. There are two different settings I have list for 5 min. on Extreme. Again, when I posted the table into forexfactory it did not transfer so I am clean up the post.

Use either and find which work best for you.

I use them both for initial and add on entries.

Evaluator.:nerd:
  • #15,836
  • Dec 10, 2012 7:45am Dec 10, 2012 7:45am
Quoting Evaluator
OK. I see why. There are two different settings I have list for 5 min. on Extreme. Again, when I posted the table into forexfactory it did not transfer so I am clean up the post.

Use either and find which work best for you.

I use them both for initial and add on entries.

Evaluator.:nerd:
Thanks for helping..
So I load up the extreme indicator with step 0.002 and maximum 0.2..
I get this chart which is 2 bars later than your signal, please check the chart..
Attached Image (click to enlarge)
Click to Enlarge Name: extre.gif Size: 18 KB
  • #15,837
  • Dec 10, 2012 7:47am Dec 10, 2012 7:47am
Quoting Benjie
Thanks for helping..
So I load up the extreme indicator with step 0.002 and maximum 0.2..
I get this chart which is 2 bars later than your signal, please check the chart..



The reason we will not line up perfekt is due to broker server times.

Little know secret....Brokers do not want you to know.
Forex brokers truth. Trading platform time zones.



http://forexdarkside.com/forex-lesson-6-part-2
  • #15,838
  • Dec 10, 2012 7:54am Dec 10, 2012 7:54am
Quoting Evaluator


The reason we will not line up perfekt is due to broker server times.

Little know secret....Brokers do not want you to know.
Forex brokers truth. Trading platform time zones.



http://forexdarkside.com/forex-lesson-6-part-2
Yes but it appears that your broker is GMT+2 just like my broker are your sure of your extreme settings ?

Edit : I think this has to do with the settings of extreme not the broker time zone... given the picture you posted I entered the trade 6.5 pips after you entered ( since I entered 2 bars after )
  • #15,839
  • Edited Dec 11, 2012 7:06am Dec 10, 2012 8:04am | Edited Dec 11, 2012 7:06am
Symphonie Matrix v4 Optimized Settings Matrix

Because the table does not transfer to forexfactory text. I make a screenshot of my Excel matrix settings spreadsheet. Again, you may wish to play with settings and fine ones that work best for you. These are the best settings I use from my testing.

Evaluator.:nerd:
Attached Image
  • #15,840
  • Dec 10, 2012 8:14am Dec 10, 2012 8:14am
Check this chart
Attached Image (click to enlarge)
Click to Enlarge Name: chart5min.jpg Size: 298 KB
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