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Symphonie Trader System

  • #15,981
  • Edited 10:43am Dec 17, 2012 10:30am | Edited 10:43am
Hi Eval.
as you can see I just took a long trade with the new matrix as I got a signal. Currently up 8 pips . Please when should I exit this trade assuming I just want to enter this one trade and exit this one trade...and please don't say I should go to the first page,just write if I wait for candle to close with extreme red or all the bars to be red.Let me know.
Thank you
Kasapreko
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  • #15,982
  • Dec 17, 2012 11:03am Dec 17, 2012 11:03am
Quoting Kasapreko
Hi Eval.
as you can see I just took a long trade with the new matrix as I got a signal. Currently up 8 pips . Please when should I exit this trade assuming I just want to enter this one trade and exit this one trade...and please don't say I should go to the first page,just write if I wait for candle to close with extreme red or all the bars to be red.Let me know.
Thank you
Kasapreko

go to page one
  • #15,983
  • Dec 17, 2012 11:09am Dec 17, 2012 11:09am
Quoting allisonmagic
go to page one
  • #15,984
  • Dec 17, 2012 11:21am Dec 17, 2012 11:21am
Quoting Kasapreko


Order Account Balance Protection

For this system, I recommend practicing a very conservative order protection loss system. Once an order is executed, immediately assign the order a 50pip stoploss. If the market turns against you, you will only loose a small amount versus if there is no stoploss and it the market move is heavily against you if can be very costly with no stoploss. As an alternate one may use the previous swing high/low for the Stoploss most of the time you will find that this is always less than 50 pips but remember that the smaller/tighter the stoploss the greater the chance of the stoploss being hit by whipsaws.

(Dynamic Stoploss)
The key is to protect your orders as much as possible in effort to minimize losses and maximize gains. Once a order is made place a stoploss immediately. Once the pip count exceeds 30pips positive (market moves 30pips in your favor), move the stoploss to 3pips in front of the order to protect from having any loss on the trade. This will ensure you have atleast a 3 pip profit if there is a sudden change in market conditions.

Alternate Dynamic Stoploss (more labor intense for all timeframes)

Again, the key is to protect your orders as much as possible in effort to minimize losses and maximize gains. Once a order is made place a stoploss immediately. On open orders 30 pip stoploss is assigned. As the pip count exceeds 10pips positive (market moves 10pips in your favor), move the stoploss to breakeven +1 pips in front of the order to protect from having any loss on the trade. As the pip count exceeds 30pips positive (market moves 30pips in your favor), move the stoploss to breakeven +3 pips in front of the order to protect from having any loss on the trade.This will ensure you have atleast a 3 pip profit if there is a sudden change in market conditions.
Yes, in whipsaw action one may get stopped out more often but in those cases it usually means the market is not ready to move in the direction of your order and you can wait on new pricing action that normally means a second entry order that is at a better price than the first because the market was simply not ready.
** - In higher timeframes 15 min it is recommended a 75 pip Stoploss, in 1 hour and above a minimum 100 pip stoploss is recommended. This is only a guideline. Please use Stoploss at levels that you feel most comfortable.
  • #15,985
  • Dec 17, 2012 12:02pm Dec 17, 2012 12:02pm
Quoting allisonmagic
Order Account Balance Protection

[font=Arial]For this system, I recommend practicing a very conservative order protection loss system. Once an order is executed, immediately assign the order a 50pip stoploss. If the market turns against you, you will only loose a small amount versus if there is no stoploss and it the market move is heavily against you if can be very costly with no stoploss. As an alternate one may use the previous swing high/low for the Stoploss...

You know this matrix is kinda different form the original indicators that were up to five,and I traded them exiting with the opposite extreme indicator which was part of the rules.I just had the repainting issue,but with this new matrix not repainting,when I do a visual back test trying to use the extreme indicator to exit it doesn't look good, that's why I'm asking...hope you understand.
  • #15,986
  • Dec 17, 2012 12:08pm Dec 17, 2012 12:08pm
Quoting Kasapreko
You know this matrix is kinda different form the original indicators that were up to five,and I traded them exiting with the opposite extreme indicator which was part of the rules.I just had the repainting issue,but with this new matrix not repainting,when I do a visual back test trying to use the extreme indicator to exit it doesn't look good, that's why I'm asking...hope you understand.

stop back testing... start forward testing. use the rules designed for the updated symphonie
  • #15,987
  • Dec 17, 2012 12:14pm Dec 17, 2012 12:14pm
Hi all,

I'd like to jump in STS thread but page 1 is so far away from here!!
Would you please advice me the closest must read post ?

Thanks!!
  • #15,988
  • Dec 17, 2012 12:16pm Dec 17, 2012 12:16pm
Quoting Kasapreko
You know this matrix is kinda different form the original indicators that were up to five,and I traded them exiting with the opposite extreme indicator which was part of the rules.I just had the repainting issue,but with this new matrix not repainting,when I do a visual back test trying to use the extreme indicator to exit it doesn't look good, that's why I'm asking...hope you understand.

i use fibonacci for finding targets on my trades. you can also do like post 1 says and set a dynamic stop loss +1 when you are in profit +10 pips. or you can exit on the cross of the macd indicator. or close your trade when price drops below current support
  • #15,989
  • Dec 17, 2012 12:17pm Dec 17, 2012 12:17pm
Quoting MickaelFx
Hi all,

I'd like to jump in STS thread but page 1 is so far away from here!!
Would you please advice me the closest must read post ?

Thanks!!

the best thing to read when you first get into symphonie is page 1
  • #15,990
  • Dec 17, 2012 12:44pm Dec 17, 2012 12:44pm
Quoting Kasapreko
You know this matrix is kinda different form the original indicators that were up to five,and I traded them exiting with the opposite extreme indicator which was part of the rules.I just had the repainting issue,but with this new matrix not repainting,when I do a visual back test trying to use the extreme indicator to exit it doesn't look good, that's why I'm asking...hope you understand.

Kasapreko,

The rules are still the same. Post #1 is complete valid with Symphonie Matrix 4.4h

Evaluator.:nerd:

P.S. Just checking in....
  • #15,991
  • Dec 17, 2012 12:46pm Dec 17, 2012 12:46pm
Quoting MickaelFx
Hi all,

I'd like to jump in STS thread but page 1 is so far away from here!!
Would you please advice me the closest must read post ?

Thanks!!

MickaelFx,

Post #1 will always be valid....Suggest you read the first sentence of post#1....

Quote
(This is a constantly updated document that will contain additions and modifications to strategy)



Evaluator.:nerd:
  • #15,992
  • Dec 17, 2012 2:46pm Dec 17, 2012 2:46pm
Thank you guys ! And see you soon
  • #15,993
  • Dec 18, 2012 10:28am Dec 18, 2012 10:28am
I hope everyone is catching this breakout...+60 pips and still going strong..will wait for the opposite signal to exit..Loving this new indicator so far
Thanks Eval
  • #15,994
  • Dec 18, 2012 1:02pm Dec 18, 2012 1:02pm
Quoting taranjeet_87
I hope everyone is catching this breakout...+60 pips and still going strong..will wait for the opposite signal to exit..Loving this new indicator so far
Thanks Eval

what breakout ? i'm on the usd/jpy .. and i'm loving this system as well
  • #15,995
  • Dec 18, 2012 2:20pm Dec 18, 2012 2:20pm
Hi, allisonmagic!
Can you say, what timeframe do you use on usd/jpy?
Thanks.
  • #15,996
  • Dec 18, 2012 2:22pm Dec 18, 2012 2:22pm
Quoting Yegor
Hi, allisonmagic!
Can you say, what timeframe do you use on usd/jpy?
Thanks.

i use the 1h time frame on any pair i trade
  • #15,997
  • Dec 18, 2012 5:38pm Dec 18, 2012 5:38pm
Quoting allisonmagic
i use the 1h time frame on any pair i trade
Hi allisonmagic,

do yo take signal on 1hr even in Asian season as well. or what is timings in which signals you consider for trading.

thanks
  • #15,998
  • Dec 18, 2012 7:18pm Dec 18, 2012 7:18pm
Quoting mkfx
Hi allisonmagic,

do yo take signal on 1hr even in Asian season as well. or what is timings in which signals you consider for trading.

thanks

I trade between 7pm - 11am PST
  • #15,999
  • Dec 18, 2012 7:41pm Dec 18, 2012 7:41pm
Quoting allisonmagic
I trade between 7pm - 11am PST
Hi Allisonmagic you seem to be trading this extremely successfully, are you able to explain your criterias.

Setup: Evaluators v4.4 with evaluators 60 min settings
Entry: 4 colours the same
Initial Stop loss:???
Do you use the 10 pip dynamic stop???
Do you have a Take profit target???

What is your exit signal:?? change in trend or change in extreme??? or something else?

Thanks for your help again, just getting the hang of this particular system

Regards
Alex
  • #16,000
  • Dec 18, 2012 8:04pm Dec 18, 2012 8:04pm
Quoting Alexoptions
Hi Allisonmagic you seem to be trading this extremely successfully, are you able to explain your criterias.

Setup: Evaluators v4.4 with evaluators 60 min settings
Entry: 4 colours the same
Initial Stop loss:???
Do you use the 10 pip dynamic stop???
Do you have a Take profit target???

What is your exit signal:?? change in trend or change in extreme??? or something else?

Thanks for your help again, just getting the hang of this particular system

Regards
Alex

my settings and entry/exit points are specific to how i trade.. the way you trade could be completely different. you just need to spend time working with the system and learn your trading style
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