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Symphonie Trader System

  • #16,921
  • Edited 3:00pm Feb 17, 2013 2:46pm | Edited 3:00pm
Quoting fugly
Thanks for your thoughts Evaluator .... very interesting, also if we look at the dailies we find we're at the 50DMA there's usually a bounce from this level and we're at support as well, this suggests a move up.

For ME problem with these things and I speak from my limited forex experience is that they're like prisoners of war, if you beat them enough they'll confess to anything.

Same with trendlines, channels, generally TA tools which are used in a discretionary manner, depending on the timeframe and the TA tool used you can almost show any outcome...
fugly,

Fibs are nice to use and I always pay attention to chart patterns (see post#1) I like to use trendines when markt is trending as they also help identify markt corrections or turns. However, one can trade using only Symphonie signals.

When I was developing Symphonie and when I was testing Symphonie 4.4 for acuracy and robust features of the system I tested it with only the indikator no charts no line no fibs just the Symphonie indikator only. (see screenshot)
This is how it was tested and this is how and why Symphonie v4.4 prove itself.

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #16,922
  • Feb 17, 2013 2:59pm Feb 17, 2013 2:59pm
Quoting Damko
Thank you all for this fantastic work you done and shared with us. Special thanks to Eval.
In last 2 weeks I tried to do my homework, but it was not easy. Threat became so big and almost impossible to read entirely, and I jumped several times from highlighted post to highlighted post (marked in post 1).
Because of that I have some questions now and I hope it will not upset you too much :

1. You introduced new Symphonie 4.4. Do you still use method 60-5 or it is obsolete?

2. In optimization settings for m5 and m60 for...
Damko,

Glad you like Symphonie.

Answers to your questions.

1.) Symphonie 60-5 is a alternate trade method for Symphonie and if you wish to trade it using version 4.4 then it is possible to trade. However not neccessary for v4.4

2.) The two settings are for preference and so it depends on your level for risk tolerence. My optimization settings are only suggestions of ones I have find to be robust and it is advise you test them to see which works best for you.

3.) With version 4.4h you should not require autorefresh.

4.) See post#1 or Post #15,886 for more explaination.

Evaluator.:nerd:
  • #16,923
  • Feb 17, 2013 3:17pm Feb 17, 2013 3:17pm
Evaluator,
I have been following this thread reading all posts and taking your advice as and when it comes in.... Allow me to hereby applaud you for symphonie version 4.4.... In my opinion it is the best thing to happen after sliced bread.... Thanks so much!
  • #16,924
  • Feb 17, 2013 10:46pm Feb 17, 2013 10:46pm
Evaluator will you be trading today ? As its a US bank holiday
  • #16,925
  • Feb 18, 2013 12:27am Feb 18, 2013 12:27am
I thank all the participants and creators of this trading method. Works fine. Need more practice. And I agree that it is desirable to consider the graphic figures to determine the trend. It works reliably!
But I believe that the triangles can have two values ​​of direction (screenshot). And it is desirable that the price is clearly concerned its borders. Do you agree?
Attached Image (click to enlarge)
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  • #16,926
  • Feb 18, 2013 1:15am Feb 18, 2013 1:15am
First trade hit sl .....
Attached Image (click to enlarge)
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  • #16,927
  • Edited 3:08am Feb 18, 2013 2:53am | Edited 3:08am
This morning trades...3 unfilled pending orders. (2 are cancel because trend colour change) Sell pending still remain open.

Typical indecision Monday.....

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #16,928
  • Feb 18, 2013 2:56am Feb 18, 2013 2:56am
Quoting Sunny_man
I thank all the participants and creators of this trading method. Works fine. Need more practice. And I agree that it is desirable to consider the graphic figures to determine the trend. It works reliably!
But I believe that the triangles can have two values ​​of direction (screenshot). And it is desirable that the price is clearly concerned its borders. Do you agree?

Sunny_man,

All markt patterns have two possible outcomes up or down. Markt patterns just show decision level where the markt usually make a trend move. So, if not up then it will go down. The Key is to understand the patterns and try to anticipate the possible implications of the markt move. Symphonie should be there to tell you when or when not to enter the markt.

Evaluator.:nerd:
  • #16,929
  • Feb 18, 2013 2:56am Feb 18, 2013 2:56am
Quoting bidong
Evaluator,
I have been following this thread reading all posts and taking your advice as and when it comes in.... Allow me to hereby applaud you for symphonie version 4.4.... In my opinion it is the best thing to happen after sliced bread.... Thanks so much!
bidong,

Glad to see you like Symphonie.

Best of Luck,

Evaluator.:nerd:
  • #16,930
  • Feb 18, 2013 3:45am Feb 18, 2013 3:45am
Hi Evaluator, thanks for the system and your ongoing efforts to improve it even further. Just one question: Is the any dashboard available or planned for version 4.4?

Thanks
  • #16,931
  • Feb 18, 2013 4:23am Feb 18, 2013 4:23am
Eval,

Hi, i want to know, would it be reasonable to make my risk little bit bigger in each trade
Last week i started to trade real money, and my account was 450$, now it's 500$, i was trading 0,05 lot size.
But what if i start to trade 0,1 lot size, is it blow my account?

It's not about my greediness, i just don't have enough concentration on each trade when i trade 0,05 lot size
So, i just want to now will it blow my account?
  • #16,932
  • Feb 18, 2013 6:50am Feb 18, 2013 6:50am
long entry triggered
Attached Image (click to enlarge)
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  • #16,933
  • Feb 18, 2013 7:00am Feb 18, 2013 7:00am
Quoting Yegor
Eval,

Hi, i want to know, would it be reasonable to make my risk little bit bigger in each trade
Last week i started to trade real money, and my account was 450$, now it's 500$, i was trading 0,05 lot size.
But what if i start to trade 0,1 lot size, is it blow my account?

It's not about my greediness, i just don't have enough concentration on each trade when i trade 0,05 lot size
So, i just want to now will it blow my account?

Yegor,

That is really your decision of how much you wish to risk. Using the Symphonie ARS method is keeping ones risk to 3% to minimize exposure to risk of loss of one's account.(based on a 30 pips stoploss) If you choose to risk more then that is really your decision. It is all up to your level for risk tolerence.

Evaluator.:nerd:
  • #16,934
  • Feb 18, 2013 7:01am Feb 18, 2013 7:01am
Quoting Forex37
Hi Evaluator, thanks for the system and your ongoing efforts to improve it even further. Just one question: Is the any dashboard available or planned for version 4.4?

Thanks

Forex37,

I have no plans for a dashboard...whatever you mean by that.

Evaluator.:nerd:
  • #16,935
  • Feb 18, 2013 7:18am Feb 18, 2013 7:18am
appears to be an inverted H&S on the 1 hr charts ......
  • #16,936
  • Feb 18, 2013 9:04am Feb 18, 2013 9:04am
2nd trade hit sl .... 2 losses today
Attached Image (click to enlarge)
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  • #16,937
  • Feb 18, 2013 9:12am Feb 18, 2013 9:12am
@ Dworf

I've been using the new custom 4.4h version that you released to us Dworf and I've been finding a few hiccups with it.

1.) Sometimes the alarm goes off before the candle is closed and other times it waits until it is closed (using 5M time frame)

2.) The alarm does not always go off when there is a 4 bar color change. Sometimes it does and sometimes it doesn't. Haven't figured out why it doesn't sometimes...

I thought I'd let you know. Otherwise, it's great!
  • #16,938
  • Feb 18, 2013 11:40am Feb 18, 2013 11:40am
Quoting fugly
2nd trade hit sl .... 2 losses today
Fugly,

Hi, i think that you made some mistakes in your second trade
Symphonie is the greatest system that i have ever seen, but market still should be analyzed, especially when you thinking were to place your pending after Symphonie gave a signal

I want to show you this mistakes, because today i was in the same situation as you, but i didn't loose any money

1 - sharp revers of price, it can say us that on this level we have a resistance line
2 - little consolidation zone, market is thinking about the way it want to go (good chance to think about your order, close your trade or replace s/l level)
3 - price came to this consolidation zone again, and after a big candle we can see that doji was formed and also it was formed on resistance line(point 1), it is a good sign to exit a trade with +3 pips and if you have a wish you can replace you pending order +2 pips higher than this consolidation zone (point 2)
4 - support line was broken, you should close your trade with -15 pips loss, there was no any sense to wait until it will hit your -30 s/l

P.S. Sorry for my bad English
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  • #16,939
  • Feb 18, 2013 12:53pm Feb 18, 2013 12:53pm
Quoting Stickbow21
@ Dworf

I've been using the new custom 4.4h version that you released to us Dworf and I've been finding a few hiccups with it.

1.) Sometimes the alarm goes off before the candle is closed and other times it waits until it is closed (using 5M time frame)

2.) The alarm does not always go off when there is a 4 bar color change. Sometimes it does and sometimes it doesn't. Haven't figured out why it doesn't sometimes...

I thought I'd let you know. Otherwise, it's great!
1.) yep this is because alarm is set on current candle which changes and not on previous candle. For example when new candle opens it will be all full (one color bars) but after 2 minutes there is a big move and the bar will change color.. This can be flexed to wait for new candle before notification. (ill create an updated version so you can select do you want notification based on current none closed candle or already closed candle

2.) this is strange as i didnt notice this but maybe its the same issue as nu. 1 issue

thanks for the info will create an update and glad you like it

Dworf
  • #16,940
  • Feb 18, 2013 1:18pm Feb 18, 2013 1:18pm
Quoting Dworf
1.) yep this is because alarm is set on current candle which changes and not on previous candle. For example when new candle opens it will be all full (one color bars) but after 2 minutes there is a big move and the bar will change color.. This can be flexed to wait for new candle before notification. (ill create an updated version so you can select do you want notification based on current none closed candle or already closed candle

2.) this is strange as i didnt notice this but maybe its the same issue as nu. 1 issue

thanks for the info...
Thanks Dworf. I'm guessing the two issues are related. For example for the past five 4 bar color changes there have only been 1-2 alarms instead of 5. I'm guessing it is related to the current/closed issue.
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