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Symphonie Trader System

  • #16,321
  • Jan 15, 2013 5:49am Jan 15, 2013 5:49am
Quoting Iggo
Hello Evaluator
I thank you a lot for your system and this thread. I´m one of the silent readers of your posts.

I´ve been using symphonie for two months without good results, and now with 4.4h i don´t increase them.
I´m sure i´m doing something wrong, i´m a newbie in forex (and not completly silly).
My settings seems correct, I use yours.

I will try harder, i´ve studied forex for a year and have faith in symphonie, don´t know really why, but I have.
I will follow your thread till I can demoing it, probably some months.

I am reading and not making...
Iggo,

Post some charts and let us take a look when you make a pending order to see if it is value. Also, I strongly encourage you to go through the babpips link on post#1 and research markt patterns...you will learn something at babypips....I do everytime I go there.

Evaluator.:nerd:
  • #16,322
  • Jan 15, 2013 7:27am Jan 15, 2013 7:27am
Quoting Evaluator
If you were follow in 5m then you should have +1 pip stoploss hit. I did. Remember once you trade open at 10 pips you move stoploss to +1.

Evaluator.:nerd:
Hi Evaluator,

I've tried both suggested Extreme setting for M5. But for the trade mentioned above, I didn't get the signal earlier just like yours. So as a result it couldn't be move to BE. See my attachment, the trade was displayed with dark green background. Please comment my entry, especially need guidance if I still do something ain't right with this system.

I was trying some setting to get the similar signal like yours, but still can't find the right one.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-15012012-1.png Size: 43 KB
  • #16,323
  • Jan 15, 2013 7:51am Jan 15, 2013 7:51am
Quoting Evaluator
If you were follow in 5m then you should have +1 pip stoploss hit. I did. Remember once you trade open at 10 pips you move stoploss to +1.

Evaluator.:nerd:
Thanks for the reply, I understand and will not happen again!
  • #16,324
  • Jan 15, 2013 8:14am Jan 15, 2013 8:14am
Quoting dreamcatcher
Hi Evaluator,

I've tried both suggested Extreme setting for M5. But for the trade mentioned above, I didn't get the signal earlier just like yours. So as a result it couldn't be move to BE. See my attachment, the trade was displayed with dark green background. Please comment my entry, especially need guidance if I still do something ain't right with this system.

I was trying some setting to get the similar signal like yours, but still can't find the right one.

Regards.

dreamcatcher,

There are two sets of settings for 5m. Did you try both to match it up? Also, you should be using demo dollars and not real money until you are successful with a demo account.

Evaluator.:nerd:
  • #16,325
  • Jan 15, 2013 8:47am Jan 15, 2013 8:47am
Quoting Evaluator
dreamcatcher,

There are two sets of settings for 5m. Did you try both to match it up? Also, you should be using demo dollars and not real money until you are successful with a demo account.

Evaluator.:nerd:
Hi, it's me again..

Yes, I tried both (or four of them). The 0.002/0.2 setting looked much responsive to the price movement, meanwhile the 0.00057/0.05 looked more stable for longer time. I also tried the combinations: 0.002/0.05, 0.002/0.2, 0.00057/0.05, 0.00057/0.2). Perhaps just like what you explained before, there's data difference from the broker.

I have just noticed on the trade, your entry point is about the close of strong bullish bar. Was there any consideration why you didn't place a pending order for this one? I marked the bar on the attachment.

Thank you, really appreciate your response.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-15012012-2.png Size: 47 KB
  • #16,326
  • Jan 15, 2013 9:14am Jan 15, 2013 9:14am
Welcome all! Thanks for the interesting trading system creator. Evaluator can publish version 4.5 for the tests?
  • #16,327
  • Jan 15, 2013 9:37am Jan 15, 2013 9:37am
Hello Evaluator!

This is my first post on a forex forum ever. With all the problems and bad questions lately... I wanted to say thank you and have been super impressed with your patience. I have been using Symphonie 4.4 on a live account with great success. I use both 5M settings (.00057 and .002) and take the one that gives a signal first. I have found this method to avoid almost all losses. I mostly trade EUR/USD and EUR/JPY with it and have really come to like the latter. I back tested extensively (and continue to everyday) before I started using the system and will post some results for people's enjoyment.

Regards,
Stickbow
  • #16,328
  • Jan 15, 2013 10:20am Jan 15, 2013 10:20am
Quoting Stickbow21
Hello Evaluator!

This is my first post on a forex forum ever. With all the problems and bad questions lately... I wanted to say thank you and have been super impressed with your patience. I have been using Symphonie 4.4 on a live account with great success. I use both 5M settings (.00057 and .002) and take the one that gives a signal first. I have found this method to avoid almost all losses. I mostly trade EUR/USD and EUR/JPY with it and have really come to like the latter. I back tested extensively (and continue to everyday) before I...
Hi Stickbow21,

Congrats for the winning... If you don't mind to answer, do you use another filter to enter a trade (such as moving average, looking higher timeframe trend, etc.)?

Thank you.
  • #16,329
  • Jan 15, 2013 10:59am Jan 15, 2013 10:59am
It's been a rough beginning to the week for me on the H1 with Symphonie. Figures, it's the first time I am going live with it....... Anyone having success on that time frame? Seems like my order gets filled and PA immediately goes against me taking me out. Matter of fact, I just got stopped out on my GBP/JPY short and EUR/JPY short. lol
  • #16,330
  • Jan 15, 2013 11:15am Jan 15, 2013 11:15am
Here is a excellent demonstration of why use PENDING orders versus execute a markt order. Today the EURUSD is stuck in a whipsaw pattern and signals are mixed my first order of the day was a buy and it was stopped out +1 pip. My second order of the day was a sell and it also was stopped out but I got+3 pips. Now for my third and it has become harder to fill because of all the markt indecision. I am in my third attempt to fill my thrid order of the day and the markt is not be cooperative in picking a direktion....much indecision.

See how the pending order keeps you out of the whipsaws and lets the markt work it out before it finally executes? Just follow the rules of Symphonie and instead of chasing price aktion....it becomes a measure of managing pending and open orders...at that point the only stress is it takes time and you are not expose real money until markt is ready to give you pips....

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 474.jpg Size: 129 KB
  • #16,331
  • Jan 15, 2013 11:20am Jan 15, 2013 11:20am
Quoting dreamcatcher
Hi Stickbow21,

Congrats for the winning... If you don't mind to answer, do you use another filter to enter a trade (such as moving average, looking higher timeframe trend, etc.)?

Thank you.
Dreamcatcher,

No, I do not use any other indicators. I tried using many, many other indicators with the system and I found that they only increased my losses or avoided potential wins (as Evaluator has said). This is true at least on the 5M charts. I follow Evaluators suggestions exactly. I do pay attention to s/r, trend, and chop, but only on the immediate 5M tf. I think it is important to do A LOT of back testing, not just to see that it is profitable, but mostly so that you can identify what situations/patterns produce the best opportunities. If a day is very choppy (large candles going up, down, up, down) then I am very cautious or don't trade even if there is a valid signal. Few long trends come from such days.

I continue to try the system on higher time frames but am not yet confident/satisfied with anything but 5M. I figure if that is what the creator of the system uses then there must be a reason for it.
  • #16,332
  • Jan 15, 2013 11:22am Jan 15, 2013 11:22am
Quoting Stickbow21
Hello Evaluator!

This is my first post on a forex forum ever. With all the problems and bad questions lately... I wanted to say thank you and have been super impressed with your patience. I have been using Symphonie 4.4 on a live account with great success. I use both 5M settings (.00057 and .002) and take the one that gives a signal first. I have found this method to avoid almost all losses. I mostly trade EUR/USD and EUR/JPY with it and have really come to like the latter. I back tested extensively (and continue to everyday) before I started...
Stickbow,

Congratulations on your success! Here is wishing you more and more....and I am glad you like Symphonie.

Evaluator.:nerd:
  • #16,333
  • Edited 11:51am Jan 15, 2013 11:38am | Edited 11:51am
Hello all,

Attached are some results from back testing that I have done. This back testing was done awhile ago and does not follow Evaluator's suggestions exactly, but are close. The changes are noted in the excel sheet. Please note: The back testing only covers 8am-12pm EST (the London/New York overlap), and therefore it misses a lot of good trades. Since doing this testing I have gone back and redone some of the testing using Evaluator's method exactly and the results are always better. Lastly, the information did not pay attention to s/r, trend, or chop (which I now do pay attention to). It purely goes off the symphonie signal (4.4h). I think what this information is best for is seeing the average win on a single trade and also realizing that taking small profits (say, +10) each time is NOT better than getting stopped out a lot but letting a few good trades run.

Stickbow

P.S. You'll notice November was a rough month using my modified method (that I no longer use). Many of the -30 losses were either avoided or reduced using Evaluator's system exactly.
Attached File(s)
File Type: xlsx Symphonie EURUSD 5 Min Back Testing post.xlsx   15 KB | 536 downloads
  • #16,334
  • Jan 15, 2013 1:17pm Jan 15, 2013 1:17pm
Now look at the power of Pending orders.....Using pending orders kept me out of buying a reversal. But I am now selling and at +1 protected.

(see Post# 16,333)

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 476.jpg Size: 99 KB
  • #16,335
  • Jan 15, 2013 1:19pm Jan 15, 2013 1:19pm
Eurogroup's Juncker says Euro exchange rate 'dangerously high'.. i guess that's a good reason to make the eur/usd plummet 50 points
  • #16,336
  • Jan 15, 2013 1:22pm Jan 15, 2013 1:22pm
I caught that move too, but then got stopped out at +1... all well, that's the system and that's how it goes.
  • #16,337
  • Jan 15, 2013 1:49pm Jan 15, 2013 1:49pm
Quoting Stickbow21
I caught that move too, but then got stopped out at +1... all well, that's the system and that's how it goes.

better to be +1 than -100
  • #16,338
  • Jan 16, 2013 2:38am Jan 16, 2013 2:38am
Quoting Evaluator
Now look at the power of Pending orders.....Using pending orders kept me out of buying a reversal. But I am now selling and at +1 protected.

(see Post# 16,333)

Evaluator.:nerd:

Hi Eval, So your pending order is either 5 pips above or below the high/low of the closed candle?
  • #16,339
  • Jan 16, 2013 8:11am Jan 16, 2013 8:11am
Quoting allisonmagic
better to be +1 than -100
Hi Evaluator/Allisonmagic,

I have another question, when i got BE, should I wait for another new signal (must wait until one of the four signal changed color), or can I directly re-entry as long as the Symphonie signal is still valid since the last entry?

Thank you.
  • #16,340
  • Jan 16, 2013 8:44am Jan 16, 2013 8:44am
These are 2 entries I took from the Symphonie signal. For these entries, I was trying to use trend line as a direction guide, instead of EMAs. The first entry could be ended as BE, but the second not hit +10 yet.

Any comment of these taken trades would be appreciated.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-16012012-1.png Size: 32 KB
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