That is not what i mean Eval, I mean that we need to switch time frame to refresh the signal. Let us say if we are on the h1 time frame and the current trend showing red, then when i switch to other time frame and back to h1, it shows a different colour as blue. Do we need an Auto Refresh indicator?
- #17,068
- Edited 6:53am Mar 1, 2013 6:36am | Edited 6:53am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Today I wish to discuss using 60M settings on a 5M chart. Many people have been asking about the old Symphonie 60-5 strategy and can it be applied to v4.4h. My answer is ....yes (sort of)
As you can see by the screenshot we have a standard 5M timeframe chart with 2 Symphonie Matrix and 2 MA line. The MA lines are only for reference and not really necessary but can be helpful fo one to better see the price aktion of a trend. The BROWN MA line is a setting of 200 and the WHITE MA line is a setting of 480. Why so large? Because we are wanting to see the MA lines of a 1H timeframe and since 12 bars of 5M make only 1 bar 60M the MA setting must be larger to accomodate this difference.
The top v4.4h matrix is standard 5M setting that I have used all this past many posts. The second one is however set in 5M for a 60M chart. Therefore the reactions to 5M price changes will be slower but inturn reflect more of the markt trending aktion than the 5M. Trading in 5M timeframes are nice but the downside is that one is subjekt to many whipsaws that can make one insane and makes trading difficult because it is harder to see the trends in a 5M timeframe than the larger ones. To optimize a 60M Matrix in a 5M chart is not very hard because the same principle applies just like tuning MA lines from a larger timeframe for a 5M chart.
In this screenshot you will see that the 60M Matrix gave a first sell signal (point 1) at 1,31325 and then price aktion moves 30 pips before baing stopped out on a whipsaw back. Then there came another sell signal (point 2) at 1.31155 moving to 1.30625 before a exit signal (point 3). The importance of this is that there were no buy signals on the larger timeframe versus playing the whipsaws of the standard 5M settings from the upper matrix. While these may seem profitable...they are definitely more difficult to navigate and trade. We then see that during the Asian markt there is a switch in position to BUY from SELL and there was one signal that would be stopped out at +2 pips as price aktion would have moved 20 pips from the order execution level. Then the price action reverses creating a new SELL at point 5 and the downtrend continues.
So, there you have it. Tuning the 4.4h matrix for 60M while trading in a 5M timeframe. With these 60M settings you will have less signals to take but the signals should move with more strength as the markt price aktion should be stronger.
I attach the 60-5 settings for the 4.4h Matrix to this post.
Best of Luck,
Evaluator.:nerd:
P.S. As always....test test test....to get a feel for the settings and NEVER trade something that is untried to you!
As you can see by the screenshot we have a standard 5M timeframe chart with 2 Symphonie Matrix and 2 MA line. The MA lines are only for reference and not really necessary but can be helpful fo one to better see the price aktion of a trend. The BROWN MA line is a setting of 200 and the WHITE MA line is a setting of 480. Why so large? Because we are wanting to see the MA lines of a 1H timeframe and since 12 bars of 5M make only 1 bar 60M the MA setting must be larger to accomodate this difference.
The top v4.4h matrix is standard 5M setting that I have used all this past many posts. The second one is however set in 5M for a 60M chart. Therefore the reactions to 5M price changes will be slower but inturn reflect more of the markt trending aktion than the 5M. Trading in 5M timeframes are nice but the downside is that one is subjekt to many whipsaws that can make one insane and makes trading difficult because it is harder to see the trends in a 5M timeframe than the larger ones. To optimize a 60M Matrix in a 5M chart is not very hard because the same principle applies just like tuning MA lines from a larger timeframe for a 5M chart.
In this screenshot you will see that the 60M Matrix gave a first sell signal (point 1) at 1,31325 and then price aktion moves 30 pips before baing stopped out on a whipsaw back. Then there came another sell signal (point 2) at 1.31155 moving to 1.30625 before a exit signal (point 3). The importance of this is that there were no buy signals on the larger timeframe versus playing the whipsaws of the standard 5M settings from the upper matrix. While these may seem profitable...they are definitely more difficult to navigate and trade. We then see that during the Asian markt there is a switch in position to BUY from SELL and there was one signal that would be stopped out at +2 pips as price aktion would have moved 20 pips from the order execution level. Then the price action reverses creating a new SELL at point 5 and the downtrend continues.
So, there you have it. Tuning the 4.4h matrix for 60M while trading in a 5M timeframe. With these 60M settings you will have less signals to take but the signals should move with more strength as the markt price aktion should be stronger.
I attach the 60-5 settings for the 4.4h Matrix to this post.
Best of Luck,
Evaluator.:nerd:
P.S. As always....test test test....to get a feel for the settings and NEVER trade something that is untried to you!
- #17,069
- Edited 2:14pm Mar 1, 2013 6:42am | Edited 2:14pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
- #17,070
- Mar 1, 2013 7:29am Mar 1, 2013 7:29am
Today I wish to discuss using 60M settings on a 5M chart. Many people have been asking about the old Symphonie 60-5 strategy and can it be applied to v4.4h. My answer is ....yes (sort of)
As you can see by the screenshot......
- #17,075
- Mar 1, 2013 2:14pm Mar 1, 2013 2:14pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
custom indicator(60-5) you attached is same as the v4.4h!
I suggest you go back and re - read the post.
Evaluator.:nerd:
- #17,077
- Mar 4, 2013 1:48am Mar 4, 2013 1:48am
Hello,
I'm new here and live in France and I just want to thank everybody here, especially Evaluator, for all the interesting posts about symphony matrix, I'll test it tomorrow (M5 in the beginning) with a free demo.
I've already downloaded and installed indikators symphony matrix 4.4 and 1.7 with signals 1.7 and 1.8 but it seems only 4.4 works for me with signals 1.7, is it normal?
here are my screen caps.
Thanks everybody and sorry in advance if my question is really stupid, I know I've made something wrong (as always, lol).
Ah and do you...
No such thing as a stupid question
Signals 1.7 is out of date and uses completely different indicators.
TVI is no longer used.
I would scrap all indicators on your chart except for symphonie matrix 4.4h.
Hope this helps.
- #17,080
- Mar 4, 2013 4:57am Mar 4, 2013 4:57am
first trade took a loss -15pips my fault i got in late, otherwise its actually a BE trade, next signal and pending sell stop in place ..
This sell signal is 15 bars old and hasn't been triggered so I'm canning it..
Pretty choppy this session