Hi Evaluator James66,Evaluator wrote:james666 wrote:Guys - anyone been watching the ExtremeTMA thread on FF? It's just like this system (I.e looking for a confluence of factors before placing a trade). Perhaps there is a thing or two you can use from there? I've been trading their system for the past few weeks, awesome results!
james666,
Extreme TMA is nothing like Symphonie. First is the Indikators all repaint badly...some up to 35 bars back at a time. (or more!) Second Alorente does not use stoploss. Third the system is so bad they had to create a new section called recovery program to offset the huge flating negative carries that Extreme TMA has because you leave all orders open regardless of loss size. Fourth....from what I am told the system has been totally scrapped and rebuilt 4 times using totally new methods and indiaktors because the system has failed soo often.
That is NOTHING like Symphonie! In the 9000 posts of Symphonie NOT one thing has changed since post one...with the exception of the layout/format of the way the same indikators are used. (line versus matirx) Every piece of Symphonie has remained the same and only addons have been added in effort to improve and only after they were extensivley tested and proved their worth. Even then the core of post#1 has remained the same and NEVER changed.
Symphonie is a focal point of 4 indiaktors which have a max repaint of maybe 10 bars and that is only the extreme indikator that is forward looking an zigzag based.(also sometimes Sentiment) Second, Symphonie utilizes a stoploss ALWAYS and is totally focued on account balance protection with a dynamic stoploss and also uses ARS to make sure one operates with minimal exposure to protect against margin call. There is nothing in the Symphonie System structure that can blow your account on one trade....!
Extreme TMA does none of that!
If you read the Symhonie Thread you will see that Alorente tried to push is program from within the Symphonie Thread and I politely told him to take is plan elsewhere because his method was NOT Symphonie and promotng leveraging accounts way too high, no stoploss, and the indiaktors he was using were unreliable and had no grounding that kept with price action trend.
I see no value in his method and if you read extrenally of his thread there are people loosing largely on that method. I tried his method once he started his new thread and he provided a complete plan and the absolute BEST results I had was a 30% win to 70% loss. I see no value in the indikators he is using and highly recommend NOT using any of these indikators in building a Symphonie EA because simply it is not Symphonie.
Evalautor.
Eval, i cant thank you enough for refreshing us with your detailed explanation, pictures and all, of your symphonie system. you will see Steve has acted on it, and we're starting the week shortly with one step closer. thank you again.
James, i was on the FF symphonie thread round about the time TMA came about. i followed Alorente's trading for one of the holidays in the states, where he stopped trading with 180 pips up. sorry i cant recall the exact page , but i think it was in the 500 odd. He explaines how he traded for the day, live as all was happening, and it was very interesting. but, at the end of some of his trades, he would mention something like this
'
Alorente
Member
Member Since Aug 2011
2,673 Posts
Quote:
Originally Posted by realjumper
That is very impressive. I'm 3 for 3 +67
I cheated a bit. I exited at D1 R3, before the red bar closed on the MA cross. It´s a habit for me to exit at S/R levels.
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This just shows you that he has his own 'style' or 'experience' that he adds when he trades. He did the same in the Symphonie thread and i realised that he does have a winning way, but it is his way of trading, thats what we're all trying to find here. He found his way, but is is'nt symphonie, and he does use EA's along the way. I also followed how he set up those EA's, the 5M and the 15M, and wehen he had them re-written and decided he would use the 15M there-after. this is before TMa was started, it's all on FF.
I personally, might prefer to mix Symphonie with something else, and that would be breaking away from Eval's genuine symphonie, so i cant call it' symphonie' then. Here, we are trying to stick to Evals method, and nothing else. Exactly as he posted right from the beginning with strict rules to follow.
Im sure you have read this thread as it is not so long, and i also questioned if we were straying away from Eval's method. You can see he takes the time to guide us here also, but we wont try to change his method, the test are showing us the direction and Eval will throw his input if he feels it's not right. Eval has NOT endorsed this as symphonie, but we hope to get as close as posiible to this. thats the goal, until then, we'll keep testing different settings and it would be great to have your results too.
i Have not tried Alorente's sytem, i prefer a more structured approach like symphonie. TMA needs more experience like i quoted earlier. symphonie can be used by a beginner, just stick to the rules.
LhDt, who also gave the symphonie thread his signaller had this to say to me when i mentioned alorente in another thread,
Let's stick the rules !
For your info, the Alorente method is more gambling than trading !
Cheers,
LhDT
LhDt is well versed in the threads and understands trading better than i do.
hope this helps and i dint go on too much,
regards
cuzgeorge
