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Symphonie Trader System

  • #16,761
  • Feb 1, 2013 1:12pm Feb 1, 2013 1:12pm
So Stickbow21, you use the 2 matrix (default and sensitive) on the same chart, and you put an order when the sensitive matrix has 4 "lights" and the default has at least three ?
  • #16,762
  • Feb 1, 2013 1:41pm Feb 1, 2013 1:41pm
Quoting Evaluator
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



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...

not anymore i'm not... i'm not saying your system is bad or doesn't work because i think symphonie is awesome.. but it just doesn't work well for 'ME'.. i just have to move on to somethin else..

i do really appreciate everything you've done with this system and for everyone here.. but it's just not working for ME personally.. so i'm changing over..
  • #16,763
  • Feb 1, 2013 1:48pm Feb 1, 2013 1:48pm
Quoting Evaluator
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



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...

i stopped using symphonie after getting margin called.. and moved over to ichimoku .. if you will notice my recent posts, i just bearly started posting charts with ichimoku..
  • #16,764
  • Feb 1, 2013 2:19pm Feb 1, 2013 2:19pm
Quoting Kenshishi
So Stickbow21, you use the 2 matrix (default and sensitive) on the same chart, and you put an order when the sensitive matrix has 4 "lights" and the default has at least three ?
Kenshishi,

That's correct. Here is an example from today. EURUSD 5M.

1.) No take. Default doesn't have 3 reds.
2.) No take. Default doesn't have 3 blues.
3.) Pending order 2 pips lower than low of that candle. Didn't hit.
4.) Pending order 2 pips above resistance A. Didn't hit.
5.) Signal after breakthrough of support B. Pending order 2 pips lower than the low of candle. Hit but then stopped out at +1. Possible re-entry, but again would have been stopped out at +1.
6.) No take. Default doesn't match sensitive (although it is tempting to take these sometimes, usually best not to)
7.) Valid signal. Pending order 2 pips above resistance A. Order hit and TP at +30 pips hit. (It didn't go much higher either)
8.) No take. Default doesn't match. (although again, on a day like today it is tempting to take these)

Hope this helps!
Attached Image (click to enlarge)
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  • #16,765
  • Feb 1, 2013 2:41pm Feb 1, 2013 2:41pm
Another example from GBPUSD today, 5M time frame.

1.) Pending order 2 pips below support B. Stopped out at +1.
2.) Not valid entry. Default doesn't have 3 blues.
3.) Pending order 2 pips below support B2. TP hit at +30.
4.) Pending order 2 pips below support C. Not hit.
5.) Not valid entry. Default doesn't have 3 reds.
6.) Not valid entry. Default doesn't have 3 blues.
7.) Pending order 2 pips below support C. TP hit at +30. Still running...
8.) Re-entered at support D but was stopped about about 30 minutes later at +1.

7 and 8 were live trades. I was sleeping through the rest...
Attached Image (click to enlarge)
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  • #16,766
  • Feb 1, 2013 2:46pm Feb 1, 2013 2:46pm
Very nice detailed examples. Extremely helpful.



Quoting Stickbow21
Another example from GBPUSD today, 5M time frame.

1.) Pending order 2 pips below support B. Stopped out at +1.
2.) Not valid entry. Default doesn't have 3 blues.
3.) Pending order 2 pips below support B2. TP hit at +30.
4.) Pending order 2 pips below support C. Not hit.
5.) Not valid entry. Default doesn't have 3 reds.
6.) Not valid entry. Default doesn't have 3 blues.
7.) Pending order 2 pips below support C. TP hit at +30. Still running...
8.) Re-entered at support D but was stopped about about 30 minutes later at +1.

7 and 8...
  • #16,767
  • Feb 1, 2013 4:16pm Feb 1, 2013 4:16pm
Quoting Stickbow21
Another example from GBPUSD today, 5M time frame.

1.) Pending order 2 pips below support B. Stopped out at +1.
2.) Not valid entry. Default doesn't have 3 blues.
3.) Pending order 2 pips below support B2. TP hit at +30.
4.) Pending order 2 pips below support C. Not hit.
5.) Not valid entry. Default doesn't have 3 reds.
6.) Not valid entry. Default doesn't have 3 blues.
7.) Pending order 2 pips below support C. TP hit at +30. Still running...
8.) Re-entered at support D but was stopped about about 30 minutes later at +1.

7 and 8 were...
Sensitive Setting
12
26
5

8

8

0.05
0.2

Default Setting
24
52
15

100

55

0.00057
0.5


Are these the settings your using ??
  • #16,768
  • Feb 1, 2013 5:05pm Feb 1, 2013 5:05pm
Thank you very much Stickbow21, it's very helpful
  • #16,769
  • Edited 11:26am Feb 2, 2013 11:16am | Edited 11:26am
Quoting Benjie
Sensitive Setting
12
26
5

8

8

0.05
0.2

Default Setting
24
52
15

100

55

0.00057
0.5


Are these the settings your using ??
Yes. See Excel sheet attached.
Attached File(s)
File Type: xlsx Symphonie EURJPY 5M Sensitive with Default Test2.xlsx   24 KB | 608 downloads
  • #16,770
  • Feb 2, 2013 11:52am Feb 2, 2013 11:52am
Ok, here is a good example of why locking your charts at a one to one scale is very helpful with this method. The first chart is an unlocked, normal chart. The next two charts are locked charts. When there is a big move you can only get a portion of it on your screen (and therefore it is more inconvenient).

Support S/R, A, B, C on chart 1 are the same S/R's on charts 2 and 3.

1.) Valid Signal. Enter 2 pips above resistance. Get +30 pips.
2.) Re-enter 2 pips above resistance B. Stopped out at +1.
3.) Re-enter 2 pips above resistance C. Get +30 pips.

My point? It is much easier to see the retracements and S/R on a fixed one to one scale than it is on a normal non-fixed scale when you are using this method.

This is even more important when the market isn't really doing anything, such as during this past November. It will help tremendously to avoid getting in when you shouldn't. I'll try to post an example of this too.
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  • #16,771
  • Feb 2, 2013 12:02pm Feb 2, 2013 12:02pm
This system works trading Gold Market ?

kind regards, philipe
  • #16,772
  • Feb 2, 2013 12:13pm Feb 2, 2013 12:13pm
Here is another example of why fixing your charts one to one helps. In the first two pictures the charts are not locked and so during time of little movement MT4 vooms in and adjusts the scale, making it very hard to see... and thus it is harder to identify when the move is happening if you don't zoom out, and if you do zoom out then you see more S/R than you should for this system. Most people don't notice this when they are looking at historical data because once a big move happens then MT4 automatically zooms back out and everything is good again. But in the moment of trading this is not how it works! There is a big difference between chart 1 and 2 here, because of the auto zoom. The second chart shows after the move and the 1st chart just before it.

In the second two charts, we have the same day, but the charts are locked and it is much easier to see things developing. The difference between 3 and 4 is much much less, thus making it easier to make good, relevant decisions.

There are much better examples, but when I was back testing this for the past 7 months, this was a constant problem, until I locked my charts! When you lock your charts you can see any relevant S/R for THIS method very easily.

I am NOT saying one should do this for all trading (I don't). Just if you try this way of symphonie.
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  • #16,773
  • Feb 2, 2013 12:20pm Feb 2, 2013 12:20pm
Quoting felipeds
This system works trading Gold Market ?

kind regards, philipe
Don't know. Try and see. Probably.
  • #16,774
  • Feb 3, 2013 3:08am Feb 3, 2013 3:08am
Quoting allisonmagic
euro/usd, look to see 1.37 in the near future


eur/jpy look to see 125 in the near future


Quoting pt49
I've learned that it's not a good idea to make predictions/assumptions, because when you do you are reinforcing that belief into your thinking, and that can be disastrous because you will be making future trading decisions based on what you think, not what you see.

what did the eur/jpy hit, and euro/usd hit ?
  • #16,775
  • Feb 3, 2013 2:48pm Feb 3, 2013 2:48pm
whats the best pairs that worked with you with anyone ^_^
  • #16,776
  • Feb 3, 2013 3:28pm Feb 3, 2013 3:28pm
Quoting anas hani
whats the best pairs that worked with you with anyone ^_^

the ones with the highest ATR values
  • #16,777
  • Feb 3, 2013 7:07pm Feb 3, 2013 7:07pm
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.
Hi stickbow how to you backtest so far?? my charts only allow the indicators to go back a month
  • #16,778
  • Feb 3, 2013 7:47pm Feb 3, 2013 7:47pm
Quoting Alexoptions
Hi stickbow how to you backtest so far?? my charts only allow the indicators to go back a month
Change the "bar count" in the inputs of the Symphonie indicator. Same place where you change the settings of the indicators. WARNING: If you scroll back far enough, sometimes the indicator will stall and will not follow. Once you are finished scrolling back in historical data, then open the inputs and close them to reload the charts. At least that's what happens to me sometimes.
  • #16,779
  • Feb 3, 2013 7:54pm Feb 3, 2013 7:54pm
Took this trade during the Super Bowl tonight. Sunday moves are less than weekday moves... no surprise there. Took profit at +10 with EURUSD (live trade), stop loss was 10. EURJPY would have been TP at +20 because of more movement. A nice jump on the week.
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  • #16,780
  • Feb 3, 2013 7:56pm Feb 3, 2013 7:56pm
Of course howd i miss that!!!, thanks so much

Quoting Stickbow21
Change the "bar count" in the inputs of the Symphonie indicator. Same place where you change the settings of the indicators. WARNING: If you scroll back far enough, sometimes the indicator will stall and will not follow. Once you are finished scrolling back in historical data, then open the inputs and close them to reload the charts. At least that's what happens to me sometimes.
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