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Symphonie Trader System

  • #16,741
  • Feb 1, 2013 6:59am Feb 1, 2013 6:59am
USA NFP in 30 min!!!!<

I would not advise trading now until event risk is over....

Evaluator:nerd:
  • #16,742
  • Feb 1, 2013 7:00am Feb 1, 2013 7:00am
http://prikachi.com/images/355/5813355g.gif


eur/usd 5 min buy
  • #16,743
  • Feb 1, 2013 7:07am Feb 1, 2013 7:07am
Quoting trader48
Very nıce template Pavel Georg
Can you share this indicator and template file please
Thank you
I do not know how to share it
  • #16,744
  • Feb 1, 2013 7:15am Feb 1, 2013 7:15am
Quoting Alexoptions
Hi stickbow thanks for your information, have a quick question how do you get the symphonie indicator to backrest that far? Mine goes back only about a month?
Alex,

It depends on your broker how far back they'll let you go, but to get the most historical data from your broker: Go to the top under "tools" and click on "options." From there click on the tab called "charts." You will see a label for "Max bars in history," put that as high as you can.
  • #16,745
  • Feb 1, 2013 7:18am Feb 1, 2013 7:18am
Quoting trader48
Very nıce template Pavel Georg
Can you share this indicator and template file please
Thank you
Hi,

I guess you just take template from Cobra's system, add Eval's symphonie indiciator, as well as TMA slope and you are ready to go.

Pavel George, please, correct me if I am wrong somewhere.

BR
Zip
  • #16,746
  • Feb 1, 2013 7:41am Feb 1, 2013 7:41am
Quoting Zipman
Hi,

I guess you just take template from Cobra's system, add Eval's symphonie indiciator, as well as TMA slope and you are ready to go.

Pavel George, please, correct me if I am wrong somewhere.

BR
Zip
yes you are right
  • #16,747
  • Feb 1, 2013 9:02am Feb 1, 2013 9:02am
Here is a trade today that I took. With GBP/USD using my method from a few posts back. You have nice 1:3 ratio with GBPUSD. 10 pip stop loss/30 pip take profit.
Attached Image (click to enlarge)
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  • #16,748
  • Feb 1, 2013 9:07am Feb 1, 2013 9:07am
Quoting Stickbow21
Here is a trade today that I took. With GBP/USD using my method from a few posts back. You have nice 1:3 ratio with GBPUSD. 10 pip stop loss/30 pip take profit.
So far in back testing GBPUSD has yielded the same profits as EURJPY, but with a better R:R, 1:3.
  • #16,749
  • Edited 11:00am Feb 1, 2013 10:44am | Edited 11:00am
Another +30 trade. Had 4 stop out +1 trades too over the last few hours. Yes, today letting it run would have been better, but hindsight is 20/20, and in the long run i've found taking +30 makes more pips using the sensitive with default settings together. These are live trades.
Attached Image (click to enlarge)
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  • #16,750
  • Feb 1, 2013 10:58am Feb 1, 2013 10:58am
For example, with the EURJPY over the past 7 months, trading from 8am-12pm EST only, letting EURJPY run with default settings you would have made about 770 pips. Trading the sensitive setting combined with the default and taking +30 pips you would have made about 1470 pips (remember only trading 8am-12pm EST). 5M time frame only.
  • #16,751
  • Feb 1, 2013 11:21am Feb 1, 2013 11:21am
Quoting Evaluator
pt49,

Because he was not trading strick Symphonie. He even said so when he started in that he was trading his variation of the Symphonie method.

Evaluator.:nerd:

symphonie margin called me, i was trading the settings you gave me.. and got margin called...

i'm not saying symphonie is a bad system.. it's just not for me.. my way of trading is different than symphonie, so i just need to try something else
  • #16,752
  • Feb 1, 2013 11:57am Feb 1, 2013 11:57am
this is my results from using ichimoku straight up.. no symphonie


just works better for me than symphonie.. not every system will work for everyone.. i was blaming fxcm but they are not the reason why i was losing.. it was symphonie
Attached Image (click to enlarge)
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  • #16,753
  • Feb 1, 2013 11:58am Feb 1, 2013 11:58am
Quoting Stickbow21
For example, with the EURJPY over the past 7 months, trading from 8am-12pm EST only, letting EURJPY run with default settings you would have made about 770 pips. Trading the sensitive setting combined with the default and taking +30 pips you would have made about 1470 pips (remember only trading 8am-12pm EST). 5M time frame only.
and what about 15 min same setting for sensitive or you never try the sensitive in 15 min
  • #16,754
  • Feb 1, 2013 12:05pm Feb 1, 2013 12:05pm
Stickbow21,

Many thanks for all of the information you have shared. I did have a couple of questions. Do you move your SL as your trade goes into profit? Or do you just set your SL and TP and leave it alone until it either hits the SL or TP?

Carol



Quoting Stickbow21
For example, with the EURJPY over the past 7 months, trading from 8am-12pm EST only, letting EURJPY run with default settings you would have made about 770 pips. Trading the sensitive setting combined with the default and taking +30 pips you would have made about 1470 pips (remember only trading 8am-12pm EST). 5M time frame only.
  • #16,755
  • Feb 1, 2013 12:10pm Feb 1, 2013 12:10pm
Quoting anas hani
and what about 15 min same setting for sensitive or you never try the sensitive in 15 min
anas,

I haven't tried it on 15min. Sorry.
  • #16,756
  • Feb 1, 2013 12:12pm Feb 1, 2013 12:12pm
Quoting Eureka
Stickbow21,

Many thanks for all of the information you have shared. I did have a couple of questions. Do you move your SL as your trade goes into profit? Or do you just set your SL and TP and leave it alone until it either hits the SL or TP?

Carol
Carol,

I do change it to breakeven after i'm in profit 9-10 pips, but otherwise I usually just let it go after that. Sometimes if I really don't like the way things are looking I'll put a +10 SL or even +20 SL (if im up that much) on some rare instances. This depends on the price action, but it is not too often. There are many possible variations to this method, including a trailng stop, but I currently don't use one.
  • #16,757
  • Feb 1, 2013 12:19pm Feb 1, 2013 12:19pm
Thank you so much for your help. I also live in the Eastern time zone and this looks like it would suit my trading hours as well.



Quoting Stickbow21
Carol,

I do change it to breakeven after i'm in profit 9-10 pips, but otherwise I usually just let it go after that. Sometimes if I really don't like the way things are looking I'll put a +10 SL or even +20 SL (if im up that much) on some rare instances. This depends on the price action, but it is not too often. There are many possible variations to this method, including a trailng stop, but I currently don't use one.
  • #16,758
  • Feb 1, 2013 12:31pm Feb 1, 2013 12:31pm
Quoting allisonmagic
symphonie margin called me, i was trading the settings you gave me.. and got margin called...

i'm not saying symphonie is a bad system.. it's just not for me.. my way of trading is different than symphonie, so i just need to try something else

allisonmagic,

You can not blame Symphonie because you yourself stated very clearly that you were not using Symphonie and only using it to identify trends. To quote your post

Quote
Well i use symphonie for overall direction. i use rsi to see how strong the moves are. symphonie is a good indicator of the overall bias of the markets. As far as the 'open' goes on my rsi indi, it's not very accurate of course because the markets move in all directions before the close of the candle. however it gives me an early sign of what is in play. these are just my personal settings, I'm not giving advice as to how you should trade for yourself. it works well for me, so i implement it every day

That is not Symphonie. While I am glad you are like Ichimoku clouds Symphonie is a robust trend identifying system that...when used properly...will provide a trader with profitable trades. So what you are using to trade as to your system is not Symphonie. Also, using the rules and guidlelines I outlined are specifically designe to prevent margin calls because it ARS keeps ones exposure miminimized.

I do not wish to argue with you but you cannot blame Symphonie for your margin call because as you stated you are not using the Symphonie method.

Evaluator.:nerd:
  • #16,759
  • Feb 1, 2013 12:32pm Feb 1, 2013 12:32pm
Quoting Eureka
Thank you so much for your help. I also live in the Eastern time zone and this looks like it would suit my trading hours as well.

You're welcome. Also, I highly recommend that if you do try this method that you fix your charts one to one. This makes things a little more inconvenient because you have to move around manually using your mouse (click and hold), however, it allows you to see S/R much better and keep things in perspective better. Just something I've found very helpful with this method that is not as necessary with other trading strategies.
  • #16,760
  • Feb 1, 2013 12:44pm Feb 1, 2013 12:44pm
Great! Thanks for the tip.


Quoting Stickbow21
You're welcome. Also, I highly recommend that if you do try this method that you fix your charts one to one. This makes things a little more inconvenient because you have to move around manually using your mouse (click and hold), however, it allows you to see S/R much better and keep things in perspective better. Just something I've found very helpful with this method that is not as necessary with other trading strategies.
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