- April 21, 2017
- Posted by: Forex Wiki Team
- Category: Forex Trading System
LATEST VERSION is 4.4hWhats up and welcome,
I've been testing many indicators and packages for years to find out which combos will work the most effective and most significantly which combos are essentially the most correct. From all my research and analysis I put forth the next program. I name this program the
Symphonie Dealer System
Named for the mixture of indicators used to find out tops and bottoms for putting entry orders and exit technique to maximise revenue. These 4 forces at work within the market are; Development, Emotion, Sentiment, and Excessive and each reinforces the opposite. The Symphonie Dealer System works collectively just like the parts of a Symphonie. Alone every instrument has a weak sound, however; when put collectively the entire symphonie makes lovely music wealthy in sound and texture
The 4 Indicators are:
Symphonie Excessive Indicator *
Symphonie Emotion Indicator
Symphonie Sentiment Indicator *
Symphonie Trendline Indicator
(* - these are vulnerable to repaint in older model model 3.0 excessive is NOT susceptible to repaint)
Mainly, you might be following the colour modifications i n the 4 indicators and ONLY putting orders (SELL or BUY) when all these indicators all line up pointing in a single route.
Inserting an order with out affirmation of the 4 indicators collectively will not work in addition to ready for all 4 indicators to let you know when to take motion.
Bear in mind confliction within the market is widespread and can trigger you to purchase when try to be promoting and the reverse. This method seeks to calm the market motion by making exhibiting indicators as to the true path of the market. I connect a display shot with 3 conditions that can assist you higher perceive.
As you'll be able to see we've the 4 indicators loaded into 4 divided home windows.
Symphonie Trendline Indicator - A
Symphonie Excessive Indicator - B
Symphonie Emotion Indicator - C
Symphonie Sentiment Indicator - D
Additionally I've connected a primary Symphonie System Commerce Cycle diagram that present how the idea for Symphonie was developed. Once more, Symphonie was not designed to get the tops or bottoms; Symphonie seems to be to catch the principle physique of the worth motion motion.
Cash Administration Technique Guidelines and Pointers
Correct Cash Administration abilities are important to changing into good and profitable foreign money dealer. Cash administration is by far an important ability to grasp if you wish to develop into profitable at buying and selling FOREX. Cash administration is just a system you incorporate that can successfully protect capital when you improve your income. In different phrases system will assist hold you from shedding your entire cash and enable you earn cash.
Account Ratio System (ARS) and Order Sizing
You will need to preserve a correct account ratio system (ARS) based mostly on the scale of your complete account steadiness. That is to make sure that your account doesn't get overextended and one suffers important account losses or perhaps a margin name on account inflicting one to lose all tradable capital in account. To correctly do that one want to determine a ratio system primarily based on the one thousand foundation ratio rule.
ARS mainly states that for each a thousand in an account might be equal to at least one commerce lot allowance of 0.10 lot. Due to this fact the utmost complete trades for a a thousand account can be 0.10 lot(s). Based mostly on this technique you'll preserve the next ratios.
ARS Ratio System
one thousand equals 0.10 lot(s)
2000 equals 0.20 lot(s)
3000 equals 0.30 lot(s)
4000 equals 0.forty lot(s)
5000 equals 0.50 lot(s)
6000 equals 0.60 lot(s)
7000 equals 0.70 lot(s)
8000 equals 0.eighty lot(s)
9000 equals 0.ninety lot(s)
ten thousand equals 1.00 lot(s)
and so forth….
Nonetheless, this doesn't imply that one is just allowed to commerce one order at a time. This method merely acknowledged that the MAXIUMUM open orders don't exceed the ARS system ratios allowance. So, if one had 5k in account the utmost variety of mini heaps can not exceed the 0.50 ARS complete. Orders may very well be organized in any mixture desired.
EXAMPLE
5K equals ARS of 0.50 in whole open orders
(any mixture)
(5) 0.10 tons....
(3) 0.10 tons and (1) 0.20 lot….
(2)0.20 heaps and (1) 0.10 lot….
(1)0.20 lot and (1) 0.30 lot….
(1)0.50 lot
ARS retains a merchants maxium danger to 3% or much less of ones whole markt publicity primarily based on 30 pip stoploss.
Entry Factors Technique
The entry and exit technique is straightforward. For putting an order one would wait till you will have an excessive spike (opposing color change) and the opposite 3 indicators present the identical color within the path of the acute worth. So, one will execute order at shut of all 4 indikators level in similar direktion. As an alternate technique to raised shield ones stress degree don't execute a ''markt order'' and utilizy the ''pending order'' perform as a substitute.
Why a pending order? Straightforward; one can keep away from the whipsaw pullbacks that usually occurs in the beginning of a Symphonie Sign as worth aktion breaks the sides of a spread. A while the sting holds and worth aktion reverses that may end up in one have a loss order. Pending orders hold one to the sting breaks and with the pattern versus chasing value aktion with a markt order. Let the markt come to you and hand you pips. The draw back to a pending order is that one is enter the markt at a excessive worth (shopping for) or cheaper price (promoting) than utilizing markt order. (Often 7 pips)
Order Account Steadiness Safety
For this technique, I like to recommend training a really conservative order safety loss system. As soon as an order is executed, instantly assign the order a 50pip stoploss. If the market turns towards you, you'll solely free a small quantity versus if there isn't any stoploss and it the market transfer is closely towards you if could be very pricey with no stoploss. As an alternate one might use the earlier swing excessive/low for the Stoploss more often than not you will see that that that is at all times lower than 50 pips however keep in mind that the smaller/tighter the stoploss the better the possibility of the stoploss being hit by whipsaws.
(Dynamic Stoploss)
The secret is to shield your orders as a lot as attainable in effort to attenuate losses and maximize features. As soon as a order is made place a stoploss instantly. As soon as the pip depend exceeds 30pips constructive (market strikes 30pips in your favor), transfer the stoploss to 3pips in entrance of the order to guard from having any loss on the commerce. This can guarantee you will have atleast a 3 pip revenue if there's a sudden change in market situations.
Alternate Dynamic Stoploss (extra labor intense for all timeframes)
Once more, the bottom line is to defend your orders as a lot as potential in effort to attenuate losses and maximize beneficial properties. As soon as a order is made place a stoploss instantly. On open orders 30 pip stoploss is assigned. Because the pip depend exceeds 10pips constructive (market strikes 10pips in your favor), transfer the stoploss to breakeven +1 pips in entrance of the order to guard from having any loss on the commerce.Because the pip rely exceeds 30pips constructive (market strikes 30pips in your favor), transfer the stoploss to breakeven +3 pips in entrance of the order to guard from having any loss on the commerce.This may guarantee you might have atleast a 3 pip revenue if there's a sudden change in market circumstances.
Sure, in whipsaw motion one could get stopped out extra typically however in these instances it normally means the market shouldn't be prepared to maneuver within the route of your order and you'll wait on new pricing motion that usually means a second entry order that's at a greater value than the primary as a result of the market was merely not prepared.
** - In increased timeframes 15 min it is suggested a seventy five pip Stoploss, in 1 hour and above a minimal a hundred pip stoploss is really useful. That is solely a tenet. Please use Stoploss at ranges that you just really feel most comfy. Nonetheless on one hundred pips stoploss you'll use 1/2 the ARS quantity as to most lotsize.
Exit Technique
The system exit technique is straightforward however listed below are three potential levels of exit based mostly on ones degree of conservativeness or aggressiveness.
Exit Technique One. (most conservative)
When theTrend indicator exhibits an pattern worth change (i.e. color change) exit the commerce on the shut of that candlestick. This technique makes certain that you simply get all of the revenue from a commerce in a motion. The draw back to this technique is you might be exiting an order when the ends degree might not be totally full and you might miss out on extra revenue. If the value motion motion is stronger that the cycle excessive reveals one can be exiting probably on the first beginnings of a robust motion and can miss out of your complete motion.
Exit Technique Two. (Reasonable Aggressive)
When the Excessive indicator exhibits an excessive worth change (spike or v3.0 color change) ) exit one half of the commerce on the shut of that candlestick. (One caveat.....when you get an excessive spike await 3 to 4 bars to see it the Extereme holds or exit on first from model 3.0). If no repaint then exit at shut of 4th bar/starting of fifth. (see publish#5177)) This technique makes positive that you just get half of the revenue from a commerce as the acute factors are reached in a motion. The second half of the order would proceed to run till the trendline modifications color. As soon as the trendline modified color one would exit on the shut of that candlestick. With this technique half of your order has the potential to achieve additional if the value motion motion is stronger than the intense level indicated and you may reap the additional motion pips. The draw back is that if the intense is on course and rebounds may hit your 3 pip constructive stoploss and free half your revenue.
One caveat.....when you get an excessive worth one can wait 3 to 4 bars to see it the Extereme holds. If no repaint then exit at shut of 4th bar/starting of fifth. (see publish#5177) or exit at change in excessive worth.
Exit Technique Three. (most aggressive) ‘’the Gambler’’
When all 4 indicator reveals an color change (spike or v3.0 color change) one wouldn't exit the order and look to a second indicator order to execute on the brand new sign. With this technique you could have the potential for additional good points if the worth motion motion is stronger than the acute level indicated and you might reap all additional motion pips with a full order. The draw back is that if the intense is on the right track and rebounds the value motion may hit your 3 pip optimistic stoploss and one would lose your potential revenue. This exit technique can be known as ''Sign to Sign'' exit. See put up #2885
SPECIAL EXCEPTION to Exit Technique (unique model solely) This exception applies to all Exit Methods and supersedes them. When a commerce produces an Excessive Spikes earlier than reaching 30 pips....,EXIT THE TRADE IMMEDIATELY.
Symphonie 5% development Technique
Take the Symphonie technique right into a stable progress plan in effort to construct ones account and reduce account losses. Through the use of the ARS technique you solely danger 3% per commerce. Mix witha modest 5% for a weekly revenue objective. That's proper! make a 1% (i.e. 10 pips of revenue) per day. In case you exceed the ten pips that's nice as a result of it would stability out the dangerous days once you lose...(belief me it'll occur, occurs to each one) the general technique is to make a complete of fifty pips per week of internet revenue of your account. Very do-ready. Now, with the Symphonie methodology, we draw out a 2 12 months development plan. I've connect a spreadsheet that may show the ability of this technique based mostly on a a thousand$ funding over 104 weeks.(i.e. 2 years) It's hooked up to this publish or to put up#14318. I believe this can be a perfekt technique for these unable to commerce full-time.
See 12 months of buying and selling development plan and what you may obtain Publish 15,823.
--------Markt Sample Recongnition---------
The power to acknowledge markt patterns is a vital half to ones improvement as a consistant dealer. Utilizing markt sample recognition and letting Symphonie indikators inform one the entry level and enhance win commerce ratios.
BabyPips Fundamental Chart Patterns
http://www.babypips.com/college/chart...hmatterns.html
--------Symphonie Dealer Methods Present Indikator Settings---------
Nov 2012 Settings for Symphonie System v3.0.
Excessive indikator
50
50
20
Emotion indikator
7
50.6
3000
Trendline indikator
forty, 5
Sentiment indikator
12
Symphonie Matrix v4 Optimizes Settings Matrix
Please see Put up 15,842 for settings matrix.
--------Symphonie Dealer Suggestions and Hyperlinks Part---------
#166 - discusses double down course of
#278 - discusses ordering course of and stoploss modifications
#300 - discusses false alerts and cash administration
#709 - discusses Double Down Momements or Market Re-Entry.
# 1081 - discusses sample improvement.
#1454 - discusses bearflag sample.
#1552 - discusses utilizing increased in timeframe for affirmation in decrease timframe buying and selling sindows to keep away from false indicators
#1936 - discusses repaint and the best way to make repaint performs
#2330 - discusses Symphonie Excessive Indikator interpretation
#2449 - discusses alternate sign entry system to keep away from whipsaws
#2543 - discusses utilizing the Heiken Ashi Indikator as accent to Symphonie Alerts for affirmation. Plus an replace to this submit #4507.
#2686 - discusses primary design of the Symphonie System.
#2884 - discusses ''Sign to Sign'' technique with reference statistics
#4061 - discusses the brand new enhancement to Symphonie Dealer System. Symphonie Matrix v1.6
#4527 - discusses the enhancements and new format of buying and selling Symphonie Dealer System.
#4913 and #4983 - discusses the right way to commerce utilizing Symphonie Matrix v1.8 and Symphonie Signaler v1.8
#5177 - discusses modifications to Excessive Spike modification which results Exit Technique #1.
#6820 - discusses a buying and selling tip for 1 hour timeframe utilizing every day Excessive Spike to commerce with development.
#7330 - discusses the 'Three Keytones'' to profitable buying and selling. (a should learn for brand spanking new merchants!)
#8129 - discusses the subject of ranging verus trending with fascinating statistics for simple identification.
#8647 and #14377 - discusses the Symphonie 60-5 technique.
#8702 - discusses the RealJumper technique of buying and selling Symphonie for 1 min and 5 min timeframes.
#8888 - discusses ''Triple Prime'' foreign exchange sample formation.
#8906 - discusses ''Ascending Wedge'' foreign exchange sample formation.
#9774 - abstract on Symphonie and Symphonie 60-5 value motion flowchart.
#10216 -abstract on the Symphonie Matrix v3.0 and upgrades and new buying and selling templates.
(Newest model is 3.0.1)
#12273 - discusses useage of the 60 Easy Transferring Common as addon indikator with Symphonie.
#14019 - utilizing trendlines for higher Symphonie Sign entry factors and followup put up #14039.
#14474 - discusses Assist and Resistance - How one can decide Breakouts
#15,822 - Announce main improve and newest model of Symphonie Dealer System Matrix v4.4h
#15,832 - discusses a number of orders and utilizing ARS.
#15,842 additionally #17,260 - Symphonie v4.4h Optimaization Matrix
#sixteen,901 - Graphical explaination of Symphonie Dealer System utilizing Matrix v4.4h
--------UPDATE Account Stats Part---------
The proof of this method is within the precise buying and selling and these numbers don't lie. Simply examine outcomes.
The SYMPHONIE SYSTEM............... WORKS!
2011 Trial #1 Account data. Starting stability on Friday, 19 September 2011 --$3000.00
Trial #1 Account Statistics Report Week 0.5 on Put up #60 (3 days)
Trial #1 Account Statistics Report Week 1 on Put up #a hundred forty five
Trial #1 Account Statistics Report Week 2 on Submit #625
Trial #1 Account Statistics Report Week 3 on Submit #1156
Trial #1 Account Statistics Report Week 4 on Put up #1496 (Particular Replace submit #1569)
Trial #1 Account Statistics Report Week 5 on Publish #1750 (I cease account as a result of I virtually triple in a single week Trial#1 ends)
2011 Trial #2 Account info. Starting steadiness on Friday, 28 Oktober 2011 --$3000.00
Trial #2 Account Statistics Report Week 0 on Publish #1989
Trial #2 Account Statistics Report Week 1 on Publish #2256
Trial #2 Account Statistics Report Week 2 on Submit #2550
Trial #2 Account Statistics Report Week 3 on Publish #2868
Trial #2 Account Statistics Report Week 4 on Submit #3104
Trial #2 Account Statistics Report Week 5 on Put up #3400
Trial #2 Account Statistics Report Week 6 on Put up #3498
Trial #2 Account Statistics Report Week 7 on Publish #3641
Trial #2 Account Statistics Report Week 8 on Submit #3724
Trial #2 Account Statistics Report Week 9 on Submit #3981
Trial #2 Account Statistics Report Week 10 on Publish #4211
Trial #2 Account Statistics Report Week eleven on Put up #4562 (Trial#2 ends)
NEW 2012 Thread Buying and selling Acccount -Starting stability on Tuesday, 7 Feb. 2012 -$3000.00
Trial #3 -Account Statistics Report Week 0 on Put up #4912
Trial #3 -Account Statistics Report Week 1 on Submit #5143
Trial #3 -Account Statistics Report Week 2 on Submit #5769
Trial #3 -Account Statistics Report Week 3 on Submit #6705
Trial #3 -Account Statistics Report Week 4 on Publish #7295
Trial #3 -Account Statistics Report Week 5 on Put up #8285
Trial #3 -Account Statistics Report Week 6 on Submit #9100
Trial #3 -Account Statistics Report Week 6 on Put up #9557 (Trial#3 ends)
Submit #9556 TimeFrame Buying and selling Statistics
--------Symphonie Addon Part---------
-This can be a good addon to the Symphonie System you might discover useful. The Heiken Ashi Indikator.
(see submit #2543)
- Right here one can discover the second model of Symphonie Excessive Indikator v2 that marks the repaints of the intense spikes with a dot after to repaint.
(see publish #2545)
- Right here one can discover the brand new Symphonie Matrix Indikator that streamlines the 4 elemental
indikators into one simple to learn format. There isn't a change to the system simply in format.
(see publish #4297)
- Right here one can discover the brand new Symphonie Signaler indikator v1.8 made by lhDT. Good Job!
(see publish #4476 and model v1.7 is right here put up #4314 and model v.1.9beta is right here submit #7102)
- Symphonie Chart Autorefresher to maintain your charts updated with present info.
(see put up #3598) Many because of chjungen.
-Moreover, I connect the mix Sentiment and Emotion indikator made by rmyers. Thanks rmyers. It's known as Symphonie SenitmentEmotion Combi Indikator v1.0.
--------Particular Be aware---------
PLEASE Don't ask me to supply you indicators. Additionally, regardless how enticing you make it....I'll NOT handle anyones account!!!! I've my very own accounts to handle and that's loads for me. earlier than you ship me a pleasant notice....DON'T.
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