Ci/symphonie extreme similarity explained! | Page 3 | Forex Factory

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Ci/symphonie extreme similarity explained!

  • #41
  • Nov 25, 2014 11:19am Nov 25, 2014 11:19am
[quoteielf_cui;7899133]{quote} I remove the rsi fliter function,When the Up/Down Arrow appear means The vally/peak no repaints anymore,check it yourself. There is a simple modifi version and I will not modifiy any more, your can do it youself. Besides, I am not playing this indi. Good luck for you！ {file}[/quote]

hi thanks for your reply.. so you have modified the indicator that you have attached..?If there Is anyone who has downloaded the above indicator.. please let us know if it repaints and how the signals performthanks!!!
  • #42
  • Edited 12:48pm Nov 25, 2014 12:20pm | Edited 12:48pm
Hi.

Well done, Madmoney! You just outpaced me with this thread.
CI similarity - is almost only useful thing I got from Eurusdd thread before the drama.
And I found its profitable long time ago.
I got some useful rules and observations for trading it and I'll tell about them later on.

Let me show you my recent trade and you'll see some difference.

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  • #43
  • Nov 25, 2014 12:32pm Nov 25, 2014 12:32pm
Another recent trade.

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  • #44
  • Nov 25, 2014 12:54pm Nov 25, 2014 12:54pm
Quoting MyxoMop
Another recent trade. {image}
Well done MyxoMop, good contribution!

But your first trade is actually against the current main trend, which sometimes misses the target level.

Other than that good charts!

MM
  • #45
  • Edited 1:43pm Nov 25, 2014 1:22pm | Edited 1:43pm
Quoting Madmoney
{quote} Well done MyxoMop, good contribution! Other than that good charts! MM
Thank you!

Quoting Madmoney
{quote} But your first trade is actually against the current main trend, which sometimes misses the target level.
Exactly! This is one of the differences according to my rules.
Trends tends to change. And we don't know when and where.
I agree that it is safer to trade along with global trend.
But it's counter trend system and it is allows us to trade with very good RR ratio.
Considering many good signals that it gives counter trend, it's possible to trade like this.
  • #46
  • Nov 25, 2014 1:26pm Nov 25, 2014 1:26pm
Quoting MyxoMop
{quote} Thank you! {quote} Exactly! This is one of the differences according to my rules. Trends tends to change. And we don't know when and where. I agree that its safer to trade along with global trend. But it's counter trend system and it is allows us to trade with very good RR ratio. Considering many good signals that it gives counter trend, it's possible to trade like this.
Well if you don't mind keep posting some of your trades (when your not too busy), maybe me and others can learn from you too.

MM
  • #47
  • Edited Nov 26, 2014 1:11am Nov 25, 2014 1:52pm | Edited Nov 26, 2014 1:11am
Quoting Madmoney
{quote} Well if you don't mind keep posting some of your trades (when your not too busy), maybe me and others can learn from you too. MM
Of course I will, to the extent possible.

Here is my rules for CI similarity (5 min TF):

1. There must be 5 to 10 bars (the more - the better) between two dissimilar CI spikes.
2. There must be 5 to 10 bars after 2nd CI spike.
3. If RR ratio at 5-8 bar after 2nd CI spike is greater or equal to 1:1-2:1 (again, the more - the much better), then we can use that signal for trade.
4. Prefer to use some confirmation signal at lower timeframe. (Not necessary, but useful).

I'll gonna make some screenshots to explain rules for better understanding.
  • #48
  • Nov 25, 2014 2:27pm Nov 25, 2014 2:27pm
Oh, ok. The second spike was redrawn just while screenshoting and not dissimilar anymore.

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  • #49
  • Nov 25, 2014 2:42pm Nov 25, 2014 2:42pm
Quoting Madmoney
This is the important part for not getting caught out
3) Only acknowledge valid main trend changes are when the bigger CI is not a major spike (minor spike)
Hey MM another quick question just to be clear.

Are the yellow boxed Similarity spikes not valid Trend changes since the smaller CI(more frequent one) was not a major spike? would we ignore them and continue trading in trend of last Sim Spike with Smaller CI Major Spike(Red Box)?
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Life's Good & Why Wouldn't It Be? Im a Pirate After All!
  • #50
  • Nov 25, 2014 2:49pm Nov 25, 2014 2:49pm
Quoting PiratePip
{quote} Hey MM another quick question just to be clear. Are the yellow boxed Similarity spikes not valid Trend changes since the smaller CI(more frequent one) was not a major spike? would we ignore them and continue trading in trend of last Sim Spike with Smaller CI Major Spike(Red Box)? {image}
All of the yellow and red boxes are valid trend changes. Remember if the big CI is major it's disqualified and I'll tell you why......

If you monitor the CI it repaints heavily in trending conditions and can get you into bad trades, strong relentless moves are usually signalled by a major spike, by us only taking minor spike on the big CI signals means it's is more likely to be a turning point rather than an ongoing trend.

MM
  • #51
  • Nov 25, 2014 2:51pm Nov 25, 2014 2:51pm
Quoting Madmoney
{quote} All of the yellow and red boxes are valid trend changes. Remember if the big CI is major it's disqualified and I'll tell you why...... If you monitor the CI it repaints heavily in trending conditions and can get you into bad trades, strong relentless moves are usually signalled by a major spike, by us only taking minor spike on the big CI signals means it's is more likely to be a turning point rather than an ongoing trend. MM
ahh I see. Thanks for cleaning this up for me MM!
Life's Good & Why Wouldn't It Be? Im a Pirate After All!
  • #52
  • Nov 25, 2014 2:58pm Nov 25, 2014 2:58pm
Hope its clear.

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  • #53
  • Nov 25, 2014 3:01pm Nov 25, 2014 3:01pm
Just took a fresh trade. All requirements are met. But w/o lower TF confirmation signal.

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  • #54
  • Nov 25, 2014 3:04pm Nov 25, 2014 3:04pm
Quoting MyxoMop
Just took a fresh trade. All requirements are met. But w/o lower TF confirmation signal. {image}
Thank you.

Do you take all counter trend opportunities? Or is there a filter you use?

MM
  • #55
  • Edited 4:03pm Nov 25, 2014 3:10pm | Edited 4:03pm
Quoting Madmoney
{quote} Thank you. Do you take all counter trend opportunities? Or is there a filter you use? MM
Nope. I do not take even every trend opportunities.
Yes. I use a filter - 3 rules that I mentioned above.

Almost forgot - I always exit countertrend trade when opposite signal appears. So, it is often cannot reach TP, but still profitable.
  • #56
  • Nov 25, 2014 4:36pm Nov 25, 2014 4:36pm
Quoting Madmoney
Hello guys, I'm back from a short hiatus from FF. I have had a load of PM's regarding the similarity CI method, wheather I still use it and if I can explain it deeper.
I was one of them, so thank you very much for the thread
  • #57
  • Nov 26, 2014 12:55am Nov 26, 2014 12:55am
Quoting MyxoMop
Just took a fresh trade. All requirements are met. But w/o lower TF confirmation signal. {image}
Closed manually at BE (after -13 pips DD), because of opposite signal at H4.
It seems necessary to revise my counter trend rules, or exclude that signals at all, as MM recommends.
Gonna test them further.

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  • #58
  • Nov 26, 2014 1:23am Nov 26, 2014 1:23am
Quoting Madmoney
Hello guys, I'm back from a short hiatus from FF. I have had a load of PM's regarding the similarity CI method, wheather I still use it and if I can explain it deeper. Me explaining this concept is not me agreeing with what eurusdd has done, which is a huge shame as some of his concepts were good, some appeared to be flawed, but let's not dwell on what has happened and experiment. So I am taking this opportunity to address those questions. No, I haven't used it recently, but when I did I made some good profit, but noticed it was flawed in trending...
HI madmoney, very promising systems. i take a trade on my live account using your systems currently 80 pips profit and it is running now.
using this indicator we can catch a trade from the very beginning, only need patience and some basic idea of chart reading.
many many thanks to you and good luck to the thread.
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Every man who thinks ahead of his time is sure to be misunderstood.
  • #59
  • Nov 26, 2014 1:55am Nov 26, 2014 1:55am
Quoting MyxoMop
{quote} Closed manually at BE (after -13 pips DD), because of opposite signal at H4. It seems necessary to revise my counter trend rules, or exclude that signals at all, as MM recommends. Gonna test them further. {image}
You have 1 trade @ BE and you're going to revise your rules?
  • #60
  • Nov 26, 2014 2:37am Nov 26, 2014 2:37am
Quoting Anusragger
{quote} You have 1 trade @ BE and you're going to revise your rules?
LoL. Nope, I tested many trades and it seems that better to avoid some of the signals.
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