Slowkey,slowkey wrote:garyfritz wrote:IMO fixed-pip SL / TP / BE / etc is the WRONG way to do things in general. Volatility changes from day to day or hour to hour, and different pairs have different volatility behavior. You should use volatility-scaled stops, using ATR or something similar. That way the EA can respond to changes in volatility, and it might also be able to use the same stop inputs on different pairs. That's the way I build all my systems on Tradestation and it works much better than fixed values.
I think Eval gets great results in his manual trading. But, like many of these approaches, it seems to work best during the Euro hours, which is the middle of the night for me. I'd really like to see an EA that implements his approach successfully, even if it doesn't do as well as Eval can. An EA that can run overnight and capture 50% of what Eval can, would still be a huge improvement over "nothing."
I have not given up on Evals method and I would not encourage anybody else to do so and I am still looking at it on 60-5. Just need a break from it till I get my head around it more. But I would just like to see if I can run Symphonie on a higher time frame because I am just more comfortable there. But this is just using my own exit strategy on the higher time frames because Eval did not develop his strategy for higher time frames. On the higher time frames you should not need a dual system as much because you are already getting a lot more data in each candle and less noise. However extreme cycles on higher time frames can come sometimes days apart and more than a week apart on the 240 min and that is an issue in a single exit strategy on the higher time frame and even more so with the using of a dual strategy.
Eval maybe able to give us some Ideas about what might make the 60-5 work better. He is very busy with his online forum but I hope we will get this 60-5 working. It is early and he seems to know his indicators very well and his system well. Yes I know we should keep it as pure to his idea as we can, so I just have stopped trying to make it work till we get some more input from Eval. Targets and take profits do not seem to work well on the 60-5 anyway. It needs to work the way Eval intended it to work if it has a chance I think.
Symphonie can be used in higher timeframes and if you do not like the Symphonie 60-5 timeframes then adjust them to your needs. You can trade Daily for signal and hourly for entry point if that suits your needs. The entire purpose of Symphonie 60-5 is using a stable timeframe that identify trends (i.e. 60min) and using smaller timeframe as one guides for order entry to ensure greater success of order entry.
So a Modification could be.....2 hour 15 min
4 hour 30 min
Daily 1 hour
4 Hour Weekly
(the whole purpose is using the higher timeframe for signal and the lower timeframe the entry point because at the time of the highertimeframe signal the two timeframes are out of sync and once they sync together is avoids many whipsaws and provides and excellent entry with good price action at time of order entry.)
If you read the thread there is also another method were you have a Symphonie signal and if the Sentiment and Emotion of the next timeframe greater do not agree then one does not take the order. There are several different methods listed in Post#1 that can help one identify entry points and trending patterns. But one can use Symphonie in any timeframe and with any currency pair.
Evaluator.
