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Symphonie Trader System

  • #17,241
  • May 13, 2013 2:41am May 13, 2013 2:41am
Normally the entry strategy we use is if there is a signal from symphonie for long or short then we enter at the break of the candle high/low +5pips, but the latest entry tip you mentioned is when the symphonie gives us an entry signal we wait for a retracement at 61.8 fibo to enter. So what I am asking is which would be the better entry? Have you backtested them both and how long has it been?

Quoting Evaluator
{quote} Immvp, I apologize but I do not understand you question. Please explain. Evalautor.:nerd:
  • #17,242
  • Edited 12:10pm May 13, 2013 11:48am | Edited 12:10pm
Quoting Immvp
Normally the entry strategy we use is if there is a signal from symphonie for long or short then we enter at the break of the candle high/low +5pips, but the latest entry tip you mentioned is when the symphonie gives us an entry signal we wait for a retracement at 61.8 fibo to enter. So what I am asking is which would be the better entry? Have you backtested them both and how long has it been? {quote}

Immvp,

Both! I still place my pending order 9 pips away from close of Symphonie Signal bar and I draw my fibs and look for the 50% retrace from previous high/low and enter there also. Then I just follow the rules from post#1 and begin to look for the exit signals and manage the trade. So when the second order is triggered the 50% retrace order is now protected with +1 pip stoploss and it rarely whipsaw to take it out.

However, today it did because markt is in consolidation build for next major move.

Evaluator.:nerd:
  • #17,243
  • May 13, 2013 12:06pm May 13, 2013 12:06pm
Hey Evaluator....you were wrong about what you said would happen in your post 17242! Really? Was I?

Monday's are generally consolidation days of the markt. There was no breakout and the price aktion of EU stays within the restricted range of the Asian Session. Until there is a breakout and bar close outside the range of the Asian Session the structure of the next markt tredning move still remains in place. So....look for the first break and close outside the Asian range as the false move and then take the next Symphonie signal after that false break. If there is a major news event (unlike the one this morning that causes a close outside the range then all bet are off and I will place pending order at the Symphonie Signal as per post#1.

However, timing is very important. Make sure you realize when the time of the markt when the breakout occur because that will give one a idea how many power is going to be behind the move and if the move will be enough to cause a good trend run. To help you understand the timing of rhe markt use the markt timing sheet I make for you in my post 17236 to help one understand where you are in a markt move and what will happen to your order.

So, for now I am still look for the false break and then the markt trend run and will let Symphonie tell me when to enter and ride the pips.

Best of Luck,

Evaluator.:nerd:
Attached Image (click to enlarge)
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  • #17,244
  • May 13, 2013 12:10pm May 13, 2013 12:10pm
Do you enter both at full risk or you enter the 2 positions with split risk?

Quoting Evaluator
{quote} Immvp, Both! I still place my pending order 9 pips away from close of Symphonie Signal bar and I draw my fibs and look for the 50% restrace from previous high/low and enter there also. Then I just follow the rules from post#1 and begin to look for the exit signals and manage the trade. So when the second order is triggered the 50% retrace order is now protected with +1 pip stoploss and it rarely whipsaw to take it out. However, today it did because markt is in consolidation build for next major move. Evaluator.:nerd:
  • #17,245
  • May 13, 2013 12:18pm May 13, 2013 12:18pm
Quoting Immvp
Do you enter both at full risk or you enter the 2 positions with split risk? {quote}
Only one order will execute at a time and by the time the second order execute the first one is protected that free up the lotsize of ARS. So, yes....I will take both positions. Remember once you protect a order with a +1 stoploss it free up the ARS number to be used again. If at retrace order the markt move against me an hit stoploss at swing High/Low then pending order would never be used and close because there would be a value change in the Symphonie Matrix that would invalidate the Pending Symphonie order.

So, say I have ARS of 0.30 lotsize and I have Symphonie Signal....I place a pending order as per Symphonie Rules (post#1) and there is a retrace of 55% of last High/Low and I execute a markt order of 0.30 lotsize. Then price aktion move 20 pips and execute the pending order at the Symphonie signal. At the time of the execution of the pending price aktion will have moved the 10 pips to secure the first order at +1 stoploss that free up the 0.30 lotsize to use again. So, no rules are broken because one has stay inside the rules of Symphonie from post#1.

Do I explain ok?

Evaluator.:nerd:
  • #17,246
  • Edited 1:26pm May 13, 2013 1:14pm | Edited 1:26pm
Crystal clear Eval.. But sometimes news would make the move in one direction only without a retrace. But still, one entry confirmation from Symphonie to a quick TP is better than nothing

In your example given, your retrace entry is triggered then your second entry is triggered which is at the close of the signal candle +9 pips. Let us say your Entry on the close of signal candle +9 pips is triggered first, would you delete your pending order on the retrace to the 50 to 61.8 fibo? If you do not delete the PO then when price retraces to the fibo and trigger your retracement entry then you would have 2 trades running with risk.

By the way, when you say you will enter at the close of the signal candle + 9 pips, do you mean a High/Low +9 pips of the candle or the CLOSE of the candle + 9 pips?

Quoting Evaluator
{quote} Only one order will execute at a time and by the time the second order execute the first one is protected that free up the lotsize of ARS. So, yes....I will take both positions. Remember once you protect a order with a +1 stoploss it free up the ARS number to be used again. If at retrace order the markt move against me an hit stoploss at swing High/Low then pending order would never be used and close because there would be a value change in the Symphonie Matrix that would invalidate the Pending Symphonie order. So, say I have ARS of 0.30...
  • #17,247
  • May 13, 2013 1:27pm May 13, 2013 1:27pm
Quoting Immvp
Crystal clear Eval.. But sometimes news would make the move in one direction only without a retrace. But still, one entry confirmation from Symphonie to a quick TP is better than nothing In your example given, your retrace entry is triggered then your second entry is triggered which is at the close of the signal candle +9 pips. Let us say your Entry on the close of signal candle +9 pips is triggered first, would you delete your pending order on the retrace to the 50 to 61.8 fibo? By the way, when you say you will enter at the close of the signal...

Immvp,

No. If pending order is trigger and then there is a pullback then I would not make pullback order because it violate the Symphonie rules. The stoploss on the pending would be the last swing high/low.

Evaluator.:nerd:
  • #17,248
  • May 13, 2013 1:28pm May 13, 2013 1:28pm
Thanks Eval for the clear answer, what about the last question regarding the close of candle or the high/low of the candle +9 pips?

Quoting Evaluator
{quote} Immvp, No. If pending order is trigger and then there is a pullback then I would not make pullback order because it violate the Symphonie rules. The stoploss on the pending would be the last swing high/low. Evaluator.:nerd:
  • #17,249
  • May 13, 2013 1:32pm May 13, 2013 1:32pm
Quoting Immvp
Thanks Eval for the clear answer, what about the last question regarding the close of candle or the high/low of the candle +9 pips? {quote}

This is the rules of pending orders on post#1. When you have a Symphonie Signal one place pending order 9 pips from the close of that signal bar. If a buy then 9 pips higher than close if a sell signal then 9 pips lower. (see post#1)

Evaluator.:nerd:
  • #17,250
  • May 13, 2013 1:36pm May 13, 2013 1:36pm
Thanks for the quick response Eval, all this while, I misunderstood the CLOSE Candle with the HIGH/LOW + 9 pips entry.

Quoting Evaluator
{quote} This is the rules of pending orders on post#1. When you have a Symphonie Signal one place pending order 9 pips from the close of that signal bar. If a buy then 9 pips higher than close if a sell signal then 9 pips lower. (see post#1) Evaluator.:nerd:
  • #17,251
  • May 14, 2013 2:58am May 14, 2013 2:58am
Eval,

In the 4.4h release post last december, you mentionned a breakeven rules as follows :
- 10p > BE+1
- 30p > BE+3

As far as I understand, this is for the M5 TF, which is your favourite TF ?

> Would you recommand the same for H1 ? That would seem a little bit tight for that frame isn't it ? Wouldn't be more efficient to stick to the post #1 MM rules as far as H1 is concerned ? (50 pips / last peak initial SL, set BE+3 at 30p) ?
Meeeooow !!!
  • #17,252
  • Edited 8:47am May 14, 2013 5:55am | Edited 8:47am
Today's order.


UPDATE: Markt bounces at 1.29500 level. Stoploss hit +1 pip. Looking for next signal.
Attached Image (click to enlarge)
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  • #17,253
  • May 14, 2013 5:57am May 14, 2013 5:57am
Quoting niepce
Eval, In the 4.4h release post last december, you mentionned a breakeven rules as follows : - 10p > BE+1 - 30p > BE+3 As far as I understand, this is for the M5 TF, which is your favourite TF ? > Would you recommand the same for H1 ? That would seem a little bit tight for that frame isn't it ? Wouldn't be more efficient to stick to the post #1 MM rules as far as H1 is concerned ? (50 pips / last peak initial SL, set BE+3 at 30p) ?

niepce,

Dynamic Stoploss Rules (defined in post#1) are good in all timeframes. As to which timeframes are the best; that is for you to decide. I trade mostly in 5M and 15M timeframe but I look to the 1H and daily charts for overall trending. Additionally, if a price aktion moves provide me with a very good run I will let the order run for longer. For example, I have a sell order in EURUSD that is from 1.35300 and when the order was place the price aktion moved 125 pips in one day. Looking at the daily chart it was telling me that a major top was in place so I leave the order to run and then drop the stoploss to the daily range highs to keep out of whipsaws and gain the profits. As long as stoploss remains alive the order remains live so this sell order is over 500pips now. However, as to daily trading because most daily moves in 2013 have been very whipsaw I watch for the 5M and 15M charts and follow the rules as outlined in post#1.

Evaluator.:nerd:
  • #17,254
  • May 14, 2013 6:19am May 14, 2013 6:19am
Watch the 1.29500 area as a possible reversal support area or bounce. If you entered with me at 1.29800 your order should be protected with +1 stoploss now. The 1.29500 level is the level that price aktion reverse from yesterday news event. This have the potential to make double bottom and reverse in the EURUSD to 1.30500 or 50% of last major drop from 1.31700.

''Sell high Buy low''

Evaluator.:nerd:
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  • #17,255
  • May 14, 2013 10:13am May 14, 2013 10:13am
Hi!
I have some problem with indicator SymphonieMatrix V 4.4

I use M15 timeframe and settings which Evaluator wrote at post #15,842:

Sentiment - 14, 28, 5;
Emotion - 100;
Trend - 45;
Extreme - 0,00052; 0,9.

But picture in my terminal is still different with yours, Evaluator. Can someone help me? Cuz I miss some signals because of this

Here are screenshots

Thanks for answer and sorry for my english
Attached Image(s) (click to enlarge)
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  • #17,256
  • May 14, 2013 10:45am May 14, 2013 10:45am
Quoting vladkor
Hi! I have some problem with indicator SymphonieMatrix V 4.4 I use M15 timeframe and settings which Evaluator wrote at post #15,842: Sentiment - 14, 28, 5; Emotion - 100; Trend - 45; Extreme - 0,00052; 0,9. But picture in my terminal is still different with yours, Evaluator. Can someone help me? Cuz I miss some signals because of this Here are screenshots Thanks for answer and sorry for my english {image} {image}

vladkor,

In 15M my current best settings are as follow

Sentiment
20
24
15

Emotion
20

Trend
25

Extreme
0,007
0,5

I hope that helps.

Evaluator.:nerd:
  • #17,257
  • May 14, 2013 10:52am May 14, 2013 10:52am
Quoting Evaluator
vladkor, In 15M my current best settings are as follow Sentiment 20 24 15 Emotion 20 Trend 25 Extreme 0,007 0,5 I hope that helps. Evaluator.:nerd:
It works! Thanks a lot!
  • #17,258
  • May 14, 2013 10:52am May 14, 2013 10:52am
I have not updated the Matrix settings I use for long time. My apologizes. Here is my current settings list of input settings that I use to trade and find work best.

Best of Luck,

Evaluator.:nerd:
Attached Image
  • #17,259
  • May 15, 2013 5:17am May 15, 2013 5:17am
Today's Trade.....clean,simple and protected.

Evaluator.:nerd:
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  • #17,260
  • May 15, 2013 8:52am May 15, 2013 8:52am
Sell order closed with +34 pips. Looking for next order.

Evaluator.:nerd:
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