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Symphonie Trader System

Quoting Evaluator
{quote} bmcgowra, I only trade during EU and USA market times. At 3pm Germany time, my day is done. I may say on longer if there is a major market event but I normally trade market opens in EU and USA. Why? Because those are best times for market volatility. In ranging markets you will not have sufficient volumes for good market moves but you should at least make a few pips. In heavy volatility you will make more pips. Evaluator.
Hi Evaluator,

I cannot express how much grateful i am for the Symphonie trader system. I like the fact that you made it as cut and dry as possible with regards to the system rules....

Currently demoing it. It's much appreciated.

Thanks for such a selfless service...
Quoting Evaluator
{quote} bmcgowra, I only trade during EU and USA market times. At 3pm Germany time, my day is done. I may say on longer if there is a major market event but I normally trade market opens in EU and USA. Why? Because those are best times for market volatility. In ranging markets you will not have sufficient volumes for good market moves but you should at least make a few pips. In heavy volatility you will make more pips. Evaluator.
Evaluator,

One question about the timings where symphonie trader is most effective. You mention that you only trade during EU and USA market sessions...There is also a point about trading during the market opening of EU and USA Sessions.

Attached Image (click to enlarge)
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Question1: Would you advise us to stick trading to only during the EU and USA openings (or) anytime within the EU and USA sessions?

Question 2: If trading only during the openings, do we wait for a fresh signal i.e. all 4 Key Performance Indicators showing the same color to generate within the EU and USA sessions (or) can we use the 4 Key Performance Indicators sync prior to the session openings?

Kindly check the snapshot, that conveys my doubt clearly...Which signal is valid?

Attached Image (click to enlarge)
Click to Enlarge Name: Session Timings-2.png Size: 102 KB


Thanks
Quoting Evaluator
{quote} bmcgowra, I only trade during EU and USA market times. At 3pm Germany time, my day is done. I may say on longer if there is a major market event but I normally trade market opens in EU and USA. Why? Because those are best times for market volatility. In ranging markets you will not have sufficient volumes for good market moves but you should at least make a few pips. In heavy volatility you will make more pips. Evaluator.
Evaluator,

I read many posts, but i couldn't find or seem to have missed one point. Kindly advise us on the below scenario:

If we are trading Higher Time Frames, say like 4 HR, due to the larger time frame, the rule of trading during EU and US becomes tough.
So for trading on 4 hour time frames can we enter once the 4 Key Performance Indicators of Symphonie are aligned without any regards to the market session?

Thanks
Quoting aaven
{quote} Evaluator, One question about the timings where symphonie trader is most effective. You mention that you only trade during EU and USA market sessions...There is also a point about trading during the market opening of EU and USA Sessions. {image} Question1: Would you advise us to stick trading to only during the EU and USA openings (or) anytime within the EU and USA sessions? Question 2: If trading only during the openings, do we wait for a fresh signal i.e. all 4 Key Performance Indicators showing the same color to generate within the EU...
During my daily surfing I came upon your posts. I believe Eval trades during these sessions because there has to be sufficient activity to drive the signals. Both signals are valid. You would have exited the first at trend change, and entered the second one as well.

Quoting aaven
{quote} Evaluator, I read many posts, but i couldn't find or seem to have missed one point. Kindly advise us on the below scenario: If we are trading Higher Time Frames, say like 4 HR, due to the larger time frame, the rule of trading during EU and US becomes tough. So for trading on 4 hour time frames can we enter once the 4 Key Performance Indicators of Symphonie are aligned without any regards to the market session? Thanks
It is not tough to trade during the proper times on an H4 chart, you will just get very few signals if you do it that way. You may also note that Eval has no settings for the H4 timeframe. Just pointing that out for you.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} During my daily surfing I came upon your posts. I believe Eval trades during these sessions because there has to be sufficient activity to drive the signals. Both signals are valid. You would have exited the first at trend change, and entered the second one as well. {quote} It is not tough to trade during the proper times on an H4 chart, you will just get very few signals if you do it that way. You may also note that Eval has no settings for the H4 timeframe. Just pointing that out for you.
Hello Jmn5611,

Thanks for proactively giving me your inputs.

In his latest optimization settings, Eval did give the settings for 4HR.

I should have better worded my question about the 4HR time frame. What i mean is:

Say, the preferred session from starting till closing consists 8 Hours. For one candle of 4HR to form, it takes half of the session time. By the time The signal is confirmed and we enter, the entry might fall out of the suggested session time. In that case, can we put aside the preferred market session and go solely with the Symphonie Signal for 4 Hours?

I am sorry if I am repeating myself. I just want to confirm...

Have a good one.

Thanks
Quoting aaven
{quote} Hello Jmn5611, Thanks for proactively giving me your inputs. In his latest optimization settings, Eval did give the settings for 4HR. I should have better worded my question about the 4HR time frame. What i mean is: Say, the preferred session from starting till closing consists 8 Hours. For one candle of 4HR to form, it takes half of the session time. By the time The signal is confirmed and we enter, the entry might fall out of the suggested session time. In that case, can we put aside the preferred market session and go solely with...
Eval can confirm this later, but I think if you are trading a timeframe this wide you can take the signal. Something else you can do if refine your entry on the one hour TF if you have the time.

Eval is the only thread starter who has stayed with his thread this long, and put up as many stats as he has. billytt comes in as a close second. You are off to great start. Keep it up and you will find what works for you.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} Eval can confirm this later, but I think if you are trading a timeframe this wide you can take the signal. Something else you can do if refine your entry on the one hour TF if you have the time. Eval is the only thread starter who has stayed with his thread this long, and put up as many stats as he has. billytt comes in as a close second. You are off to great start. Keep it up and you will find what works for you.
Thanks Jmn5611 for your insight...

PS: Many thanks for the wishes. It means a lot....
Quote
Thanks Jmn5611 for yo

hiyia , you can use my indicator to help refine your entry on other TF , if you want
There ain't no such thing as a free lunch
Quoting forexer801
{quote} hiyia , you can use my indicator to help refine your entry on other TF , if you want
Thanks Forexer801. Will check it out.
Quoting aaven
{quote} Evaluator, One question about the timings where symphonie trader is most effective. You mention that you only trade during EU and USA market sessions...There is also a point about trading during the market opening of EU and USA Sessions. {image} Question1: Would you advise us to stick trading to only during the EU and USA openings (or) anytime within the EU and USA sessions? Question 2: If trading only during the openings, do we wait for a fresh signal i.e. all 4 Key Performance Indicators showing the same color to generate within the EU...
aaven,

Answers to your questions.

1. Yes, because if you trade market opens of the two largest markets (EU and USA) then you will have sufficient market volume to carry your trades once you have received a Symphonie signal. While you will experience good moves in other market times it has been my experience that the EU and USA market times produce the best results. I would not advocate trading in low market volume time as these are manipulated easily by market makers which have the advantage over the average trader (you and me).

2. Its is really a point of personal preference to you if you wish to take a Symphonie signal only at a new "fresh" signal. I usually just play it as I see it and if the signal comes just before a market open or right as the market open then yes, I take those markers. However, if there is a major market event (i.e. rate decision, major economic news, etc..) I usually clear all my trades out 30 mins before that event or not make any trades until that event. Then I take the signal 15 min after the event as that usually determines the market trend/direction for the rest of the day. (always remember your stoploss)

Using the Symphonie system is much more that just taking the reds and blues as they line up. It is understanding the mechanisms of the market, recognizing patterns, market event trending, and yes of course the signals from the Symphonie matrix. It is also understanding your limits and how to safe guard your losses and maximize your profits to always keep your account growing. So, continue to read the thread and I highly encourage you to read all the links referenced in post#1 because is more than just downloading the Symphonie indicator.

Its about learning to trade well and managing your account minimizing losses on a "losing trade" just as much as maximizing profit on a "winning trade". I can't say it enough to everyone....READ Post #1 and all the links attached because there is more there than you think.

Evaluator
Quoting Evaluator
{quote} aaven, Answers to your questions. 1. Yes, because if you trade market opens of the two largest markets (EU and USA) then you will have sufficient market volume to carry your trades once you have received a Symphonie signal. While you will experience good moves in other market times it has been my experience that the EU and USA market times produce the best results. I would not advocate trading in low market volume time as these are manipulated easily by market makers which have the advantage over the average trader (you and me). 2. Its is...
Thanks a Lot Evaluator for taking the time. The thread is 900 pages and you are still here at the end of it. Your thread is one of a kind, also considering the vast information you have fleshed out. Kudos.

I am doing my best to digest the info and I am partial towards trading longer time frames like 4HR and to understand how to implement Symphonie thoroughly...

Your continuous support is much appreciated.
Trades for past two days.

Evaluator
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Quoting Evaluator
Trades for past two days. Evaluator {image}
Hello Evaluator,

Thanks Once again for the Symphonie System. I also want to test trading on Daily Time Frame as the Key Time Frame with Weekly as the Higher Time Frame/Reference Time Frame.

I realized Weekly Time Frame wasn't your focus, so I looked at the posts/different users, no here could i find the Optimization Settings for Weekly by any other user.


Initially I thought of using the same settings as Daily for Weekly from the Latest optimization Settings below, but i realize that the settings you gave us served a specific purpose and doing so would be guess work and hence i want to seek your advice.

https://www.forexfactory.com/showthr...54#post6679554

As the creator of the system you understand the nuances, so it is my sincere request to advise us on the specific settings or a work around like using Daily etc.....

I am much grateful...

Thanks
Quoting Evaluator
Trades for past two days. Evaluator {image}
Hi Evaluator,

Which broker do you use? I have Ducascopy and try to use a demo for the signalsand then enter them directly into jforex (Ducascopys plattform). Do you or anyone know a demo broker I can use continually?

Regards,
Brendan
Quoting bmcgowra
{quote} Hi Evaluator, Which broker do you use? I have Ducascopy and try to use a demo for the signalsand then enter them directly into jforex (Ducascopys plattform). Do you or anyone know a demo broker I can use continually? Regards, Brendan
Hi bm - IC Markets in Australia have non expiring demo accounts. I have four running at all times.
Quoting AltosTrader
{quote} Hi bm - IC Markets in Australia have non expiring demo accounts. I have four running at all times.
Ok, thanks! Will have a look at IC Markets.. :-)
I have a question regarding the Symphonie indicator.

I have two different brokers, uploaded the indicator with exactly the same input settings. Yet both give me different signals?

Attached the photos?

What am I doing wrong?

Both eurusd

The first image is the live one. The second the demo. The demo is what I need..
Attached Image(s) (click to enlarge)
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I find this really strange. Symphonie takes the input from the candles and the candles of exactly the same chart of two different brokers are differen? How is that?
Quoting bmcgowra
I find this really strange. Symphonie takes the input from the candles and the candles of exactly the same chart of two different brokers are differen? How is that?
The data could vary from broker to broker. One broker could be 5 digit price while other is 4 digit price. As a test, check the Open, High, Low and Close prices for a given candle in both the platforms.

Also, seems those are Heikin Ashi Candles, use normal candles to check the values..

Thanks
Quoting aaven
{quote} The data could vary from broker to broker. One broker could be 5 digit price while other is 4 digit price. As a test, check the Open, High, Low and Close prices for a given candle in both the platforms. Also, seems those are Heikin Ashi Candles, use normal candles to check the values.. Thanks
Ok, thanks.. I will check the normal candles. I will look into the point difference..

Is there a way to adjust Symphonie to compensate for the point difference? How would that work??
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