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Symphonie Trader System

  • #16,801
  • Feb 5, 2013 10:00am Feb 5, 2013 10:00am
Quoting anas hani
how long do you wait after news came !?

and if news will come better not enter right and when should we enter after another signal happened or after like 15 min we enter again

anas hani,

After news release I follow next signal.

Evaluator.:nerd:
  • #16,802
  • Feb 5, 2013 10:01am Feb 5, 2013 10:01am
Quoting Stickbow21
Another +30 on GBPUSD

  • #16,803
  • Feb 5, 2013 11:04am Feb 5, 2013 11:04am
Ok, it seems I found my answer in post 15,840


Quoting fxnoobee
I've been testing out the symphonie system on 2 different brokers and notice that my pivot points are different for each broker.

This is probably due to the different broker server times but which pivot points should I use? Are they both accurate?
  • #16,804
  • Feb 6, 2013 8:07am Feb 6, 2013 8:07am
Hello Evaluator,

I attached a pic with an indicator called "arrow" I was wondering what this represents, is it an EMA cross or something?

bye for now
Attached Image
  • #16,805
  • Feb 6, 2013 11:10am Feb 6, 2013 11:10am
After a rough asian session for me Monday (-45 pips), Tuesday made up for it plenty (+90). Including this entry early in the asian session. After I was at break even I went to bed and woke up to a nice profit. Staying out of the market today otherwise... junk, junk, junk...
Attached Image (click to enlarge)
Click to Enlarge Name: 5b.gif Size: 27 KB
  • #16,806
  • Feb 7, 2013 2:04am Feb 7, 2013 2:04am
Hi Stickbow how have you been going with your forward testing?? Thanks very much for your studied backtest very insightful

Quoting Stickbow21
After a rough asian session for me Monday (-45 pips), Tuesday made up for it plenty (+90). Including this entry early in the asian session. After I was at break even I went to bed and woke up to a nice profit. Staying out of the market today otherwise... junk, junk, junk...
  • #16,807
  • Feb 7, 2013 8:02am Feb 7, 2013 8:02am
Anyone catch that cliff dive on the EUR? I was in at 1.3524 Symphonie gave the signal!
  • #16,808
  • Feb 7, 2013 8:36am Feb 7, 2013 8:36am
Here are today trades. I am using trendline change for exit signal. Last sell now looking for trendline change to exit.

Evaluator.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: Symphonie Screenshot 520.jpg Size: 95 KB
  • #16,809
  • Feb 7, 2013 8:44am Feb 7, 2013 8:44am
Quoting Alexoptions
Hi Stickbow how have you been going with your forward testing?? Thanks very much for your studied backtest very insightful
Hi Alex,

So far this week im up +50 pips.
  • #16,810
  • Feb 7, 2013 9:30am Feb 7, 2013 9:30am
Quoting allisonmagic
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..
Hi Allison
I PM'd you...
  • #16,811
  • Feb 7, 2013 10:34am Feb 7, 2013 10:34am
Good time of the day to all of you
First I would like to thank the OT for this thread, It has been a great read.
Second, I would like to ask for some help from any of you. I've downloaded the v4.4 matrix indicator and placed it into the MT4 platform. However, it appears blank when I try to use the indicator on the chart. I've attached the screenshot (All the indicators from the first page alongside with the templates work perfectly fine on the charts but thisone doesn't). I would very much appreciate any advice that would help me solve this issue.

Could it be that the file uploaded here is .ex4 and not an .mq4

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: v4.4.jpg Size: 61 KB
  • #16,812
  • Feb 7, 2013 10:48am Feb 7, 2013 10:48am
Quoting Coldice
Good time of the day to all of you
First I would like to thank the OT for this thread, It has been a great read.
Second, I would like to ask for some help from any of you. I've downloaded the v4.4 matrix indicator and placed it into the MT4 platform. However, it appears blank when I try to use the indicator on the chart. I've attached the screenshot (All the indicators from the first page alongside with the templates work perfectly fine on the charts but thisone doesn't). I would very much appreciate any advice that would help me solve this...
Hi Coldice,
Yes, I found that as well. But if you change to a shorter time frame, the matrix should re-populate. I had that issue quite a bit. Sometimes it would refresh, but not up to the current time.
Re the .ex4 file, the author does not want to post the source code .mq4.
Hope that helps.
  • #16,813
  • Feb 7, 2013 11:01am Feb 7, 2013 11:01am
Quoting Spidey
Hi Coldice,
Yes, I found that as well. But if you change to a shorter time frame, the matrix should re-populate. I had that issue quite a bit. Sometimes it would refresh, but not up to the current time.
Re the .ex4 file, the author does not want to post the source code .mq4.
Hope that helps.
Hi Spidey,
Thanks for your reply. I do understend the author's concern regarding the source code, It was just a guess. However, changing the timeframe doesn't help so-far. I have the indicator placed on different timeframes (H1, M15 and m5) and on different pairs (EURUSD; GBPUSD and USDJPY).

I am leaving the terminal open, just in case and maybe the author will be able to help me out (maybe upload the .TPL file as a template with just this indicator on it)
  • #16,814
  • Feb 7, 2013 11:36am Feb 7, 2013 11:36am
Hi Stickbow,
Great system! Thanks
Do you have any alarm for the matching of the two symphony??
What about the other time frame setting, are the same or the change??

Many thanks , i will appreciate any reply!

Keep it up

Quoting Stickbow21
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....
  • #16,815
  • Feb 7, 2013 1:52pm Feb 7, 2013 1:52pm
Quoting antodedo
Hi Stickbow,
Great system! Thanks
Do you have any alarm for the matching of the two symphony??
What about the other time frame setting, are the same or the change??

Many thanks , i will appreciate any reply!

Keep it up
I don't have an alarm for both matrices. Just individually. However, currently i don't use the built in alarm of symphonie. Rather I set manual alarms at various price levels. These are just in case I am not watching close enough. Usually I take a look every 5-15 minutes out of habit, but the price alarms at the S/R do much of the grunt work.

Since this method relies heavily on near term S/R the symphonie alarm is less useful than the manual alarms you can set in MT4 at various price levels. Based on the market conditions of the day i know about how often I need to glance at the charts too.
  • #16,816
  • Feb 7, 2013 1:58pm Feb 7, 2013 1:58pm
Quoting antodedo
Hi Stickbow,
Great system! Thanks
Do you have any alarm for the matching of the two symphony??
What about the other time frame setting, are the same or the change??

Many thanks , i will appreciate any reply!

Keep it up
I have not yet found a proven way/settings for other time frames, using this method. However, I am working on a 4H method based solely on the fast setting. This method (if proven historically viable and in the future) could probably be applied to other time frames too. It relies more on ratios than on hard and fast SL/TP. Maybe I'll throw something together and show you what I got so far.
  • #16,817
  • Feb 7, 2013 2:04pm Feb 7, 2013 2:04pm
Quoting Stickbow21
I have not yet found a proven way/settings for other time frames, using this method. However, I am working on a 4H method based solely on the fast setting. This method (if proven historically viable and in the future) could probably be applied to other time frames too. It relies more on ratios than on hard and fast SL/TP. Maybe I'll throw something together and show you what I got so far.

Stickbow,

My I make a suggestion of using the changes in trend on the default settings chart as your exit strategy? I think you will find it does very good to catch entire price aktion movements like this week.

Evaluator.:nerd:

P.S. Bravo!! on you method it looks very interesting!
  • #16,818
  • Feb 7, 2013 2:15pm Feb 7, 2013 2:15pm
Hello Gentlemen,
Would you mind helping me out wth the problem that I encountered with blank indicator field ?

In the below image you can find the error I get when I close the chart window after trying to change the timeframe of the chart.
Attached Image
  • #16,819
  • Edited 7:18pm Feb 7, 2013 2:35pm | Edited 7:18pm
Quoting Evaluator
Stickbow,

My I make a suggestion of using the changes in trend on the default settings chart as your exit strategy? I think you will find it does very good to catch entire price aktion movements like this week.

Evaluator.:nerd:

P.S. Bravo!! on you method it looks very interesting!
Eval,

Thanks for the suggestion. I had been using the trend as an exit for awhile, following your method pretty much exactly. Same entry rules, exits, etc. However, after doing thorough research on this new method that I have outlined, I found that it made the same amount of pips over the past 7 months, with 2 hours less trading per day (8am-12pm EST instead of 6am-12pm EST). Because I do not trade from London open (2am my time) I often missed the big moves that the normal system relies on. Also, I do often re-enter after I take profit. Today is a perfect example! +30 pips plus 2 re-entries for +30 = 90 pips on EURJPY. Today this might not be as good as the standard way but in the long term (7 months or more) this I have found makes more pips. With the big runs as of late, I think you probably have made more pips.

Here are some statistics from 8am-12pm EST ONLY from the past 7 months.

First column is fast with default 5M vs. Standard settings 5M (standard entries, exits)
EURJPY
July: 259 pips vs. 243 (even)
August: 248 vs. 41 (+207 more)
September: 106 vs. 97 (even)
October: 38 vs. 29 (even)
November: 148 vs. -97 (+245)
December: 223 vs. 202 (even)
January: 448 vs. 253 (+195)

Let me be clear! I am in no way trying to undermine or contradict anything you have said or taught! These are just my findings for the past 7 months and only for 8am-12pm EST.

Eval is the man!

Stickbow
  • #16,820
  • Feb 7, 2013 3:01pm Feb 7, 2013 3:01pm
Ok, I know I've already altered Eval's method once (have mercy ) but I thought I'd share something that I've been working on that looks very promising for 4H time frame. I really like the symphonie settings for lower time frames but I just haven't been satisfied for higher (4H and Daily).

]Entry: Market order provided 1-3 are present:

1.) Symphonie Signal on fast setting (12,26,5 - 8 - 8 - 0.05,0.2)
2.) Does the trade have a good chance to hit at least 1:2 RR?
3.) Is the risk small enough? (for EURJPY under 150, preferably around 100 pips)

Stoploss: Swing high/low (this determines the risk)

Breakeven: after in +pips equal to 1:1 RR

Exit: Trail stop equal to your initial risk. Until it is hit or until it reaches a major S/R level. Example: Initial stoploss = 75 pips. Break even at +75. Move take profit to +75 at +150. Move take profit to +150 at +225. Etc. etc.

NOTE: Any symphonie signals that occur during an open trade are ignored. (see picture)

Ok, here is a picture that was literally chosen at random. Not cherry picked. There are way better examples for cherry picking.

Explanation:

1 Red.) Signal, decent risk, possibility for 1:2. Outcome = trail stop hit at 1:1. +pips
2 Pink.) Signal, risk too high/big. Resistance near. No trade. (although you would've been fine)
3 Yellow.) Signal, risk too high/big. No trade. (again, would've made it.)
4 Light Blue.) Signal, risk good, potential for 1:2. Outcome = risk x6 (1:6 RR) or about 300 pips in this case

Dark blue circles with check marks = occurs during an open trade, not a signal


Take a look at your charts and see what you think!
Stickbow
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