MTF Synery Trading

MTF Synery Trading - Testing purpose
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dznmrd
MTF Synery Trading - Testing purpose 7 Attachment(s)
Sep 17, 2008 12:52am
Hi Friends, Im trying to find someone who can code an EA for the MTF Synergy Indicators, For those who aren't aware of the Synergy basic trading system, I'm sharing the entire system with user guide, indicators and basic template, Please find the details for the MTF Synergy to create the EA below, Ok here we go!
---------------------------------------------------Synergy Basic errata The Synergy Trading Method was developed by Dean Malone and is an effective Forex trading method developed to simplify trading decisions with high probability precision. It combines the market forces of Price Action, Trend, Momentum and Market Strength to produce higher probability trades. The Synergy trading method depicts...in real-time...the interaction of these market forces providing traders the means to make trading decisions with greater confidence and less emotional hassle.
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With Synergy, traders identify and use two important trading components in real-time: Price Action and Sentiment. Price Action is market movement, such as the oscillation of Open, High, Low and Close prices. Too often, traders are mesmerized by trivial price flucuations and lose sight of the underlying trend of the market. Many traders tend to jump in and out of the market instead of staying with the trade as a trend develops. Synergy is designed to eliminate price distortions. It reveals periods of market strength and trend and periods of consolidation. Sentiment is the intuitive feeling or attitude of traders and investors in the market. For example, if the sentiment of the market is bullish, then traders and investors expect an upward move in the market. Often, sentiment is an indication of optimism or pessimism in the market based on recent news announcements or political events. The Synergy method uses a hybrid custom indicator developed to show postive (buyers) sentiment or negative (sellers) sentiment. Working in unison, Price Action and Sentiment give traders a distinct trading advantage. When both are in agreement, favorable trading conditions exists. For instance, when price action is showing upward movement with buyers sentiment, there is higher probability of a Long position having a favorable outcome. Similarly, when price action has a downward movement in conjunction with sellers sentiment, a short position has a favorable outcome. Aim of this thread is to backtest and optimize the strategy and finally to make an EA out of it. In this first post you find the up-to-date indicators and templates. To setup this strategy, please unzip Synergy.zip and copy all indicators into \experts\indicators\ in your metatrader directory. Then copy the template into \templates in your metatrader directory. After restarting metatrader and choosing the template you can see arrows and crosses which shows entries and exits according the trading method. Each cross displays a number which means the profit or loss of the closed trade. The yellow numbers at the end of the chart displays the overall result when every signal was traded. But be careful: due to some technical problems with the template at the beginning of a chart no guarantee can be given. A filled
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arrow shows the first time a new trade can be entered. A hollow arrrow means "add to buy" it is only used as a confirmation signal. For backtesting the some options of SynergyInd indicator can be adjusted: UseEntry68_32: When this is true, the indicator enters a long position even when RSI is above 68 or a short position when RSI is below 32. UseSmallerExit: When this is true, the system closes a position when the actuall candle is smaller than the previsous candle. "DefineSmaller" needs to be a value. ReqRedYellowCombo: When this is true, the TSL must be above the MBL before entering a long position or the TSL must be below the MBL before entering a short position. UseVolExpanding: If this is true, positions are only opened when volatility increases (measured by the Bellinger Bands of the TDI). UseChaikin: If this is true, positions are only opened when colatility increases (measured by the Chaikin's Volatility indicator). Use4Trend: If this is true, long positions will only be opned when the 4H trend is up and short positions will only be opened when the 4H trend is down. Use Alert: ... I think everybody knows this feature. So far the following settings seem to work most suitable: UseEntry68_32 false, UseSmallerExit false, ReqRedYellowCombo false, UseVolExpanding true, UseChaikin false, Use4Trend false. To get faimilar with the Synergy trading method, please read the pdf in the appendix or have a look at the webinar, which can be found here. http://www.compassfx.com/synergy/webinar/Basic Synergy Method/Basic Synergy Method.html SYNERGY_Basic.pdf synergy_basic.zip ---------------------------------------------Ok now here is a MTF indicator for synergy and i wish some kind soul could help me code an EA for this, mainly for backtesting, forward testing and testing purposes.
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mtf_synergy_indicators.zip (with mq4 codes) Templates mtf_synergy_candles.tpl mtf_synergy_heiken.tpl Please note that the MTF indicators repaint so please use it for testing purposes and trade it only at your own risk, if anyone could also fix this repaint issue, it will be much appreciated. Please, can anyone code EA for the MTF Synergy as described in the screenshot above, i think it could be very profitable! Thank you
hanover
My quick and dirty review (for whatever it's worth) Dznmrd, thanks for sharing. I used your link to view the entire webinar at the CompassFX site.
Sep 17, 2008 8:55am
From what I saw, Synergy is essentially a system that rides trends following breakouts. It uses Heikin-Ashi candles around an MA-based price tunnel ("price action channel"), and custom RSI-based derivatives (the "trader's dynamic index"). Fancy names used to market what are widely available indicator-based concepts. Heiken-Ashi and RSI are both lagging indicators, derived from price action (so they should tend to confirm one another, but without real independence). The lag means that entries into moves are fairly late, which should reduce what the presenter calls "head fakes" (false entry signals caused by noise). If the market trends far enough, often enough, then the system should perform as well as any other trend following system. As with all systems of this type, the key is how well the trader can minimize damage on losing trades, while maximizing profit on winning trades. The combo of Heikin-Ashi plus RSI should achieve the latter goal well enough. The presenter describes RSI as a meter for "sentiment". In reality, sentiment is an abstract, and could be "measured" by almost any indicator. RSI is merely a derivative of price, so IMHO this is little more than a clever marketing gimmick. I found it interesting how he suggested adding to trades when RSI escapes the volatility bands, and also how RSI levels 32 and 68 are used to indicate possible
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exhaustion. On the plus side, this is a clearly presented system that is very mechanical, and the basic version is offered free (as you have done). Those looking for a colorby-numbers signaling method should find it easy to follow. As explained in the webinar, it is robust enough in principle that it could be applied to any pair, and any timeframe. There is also an advanced version which includes a few additional indicators. In order to receive it, one must attend Compass' paid workshops, if I understand correctly. The webinar did not include any info on the multiple timeframe version. David
dznmrd
4 Attachment(s) Quote: Originally Posted by hanover Dznmrd, thanks for sharing. I used your link to view the entire webinar at the CompassFX site.
Sep 17, 2008 10:12am
From what I saw, Synergy is essentially a system that rides trends following breakouts. It uses Heikin-Ashi candles around an MA-based price tunnel ("price action channel"), and custom RSI-based derivatives (the "trader's dynamic index"). Fancy names used to market what are widely available indicator-based concepts. Heiken-Ashi and RSI are both lagging indicators, derived from price action (so they should tend to confirm one another, but without real independence). The lag means that entries into moves are fairly late, which should reduce what the presenter calls "head fakes" (false entry signals caused by noise). If the market trends far enough, often enough, then the system should perform as well as any other trend following system. As with all systems of this type, the key is how well the trader can minimize damage on losing trades, while maximizing profit on winning trades. The combo of Heikin-Ashi plus RSI should achieve the latter goal well enough. The presenter describes RSI as a meter for "sentiment". In reality, sentiment is an abstract, and could be "measured" by almost any indicator. RSI is merely a derivative of price, so IMHO this is little more than a clever marketing gimmick.
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I found it interesting how he suggested adding to trades when RSI escapes the volatility bands, and also how RSI levels 32 and 68 are used to indicate possible exhaustion. On the plus side, this is a clearly presented system that is very mechanical, and the basic version is offered free (as you have done). Those looking for a color-by-numbers signaling method should find it easy to follow. As explained in the webinar, it is robust enough in principle that it could be applied to any pair, and any timeframe. There is also an advanced version which includes a few additional indicators. In order to receive it, one must attend Compass' paid workshops, if I understand correctly. The webinar did not include any info on the multiple timeframe version. David Good news, you don't need to attend the compass' paid workshop, i managed to find those indicators from another forum! DM_Continuation.ex4 DM_DSR.ex4 DM_RangeFactor.ex4 DM_Volatility.ex4 BTW, i don't believe in all the traders dynamic index and blah blah indicators, Im only interested in the price action, heikin ashi and the arrow signals made by someone and the mtf version of that. You said it right, its a lagging indicator, so for that reason im working on a 1min chart and having the mtf arrows , when all match then i get a signal to go in, I was just wondering if someone could automate it so that i could backtest and probably try using it on live, it seems kinda profitable'
Ronald Raygun
Sep 17, 2008 10:16am
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Quote: Originally Posted by dznmrd I was just wondering if someone could automate it so that i could backtest and probably try using it on live, it seems kinda profitable'
This last bit bothers me a little. You have been cycling through many systems lately. What basis do you have that this one is profitable? Is it all the financial porn (eye candy on the charts) that you're looking at? Here is a trading simulator. Trading simulator.zip
Before I code an EA for this system, try it out there.
dznmrd
Quote:
Sep 17, 2008 10:37am
Originally Posted by Ronald Raygun [/indent]This last bit bothers me a little. You have been cycling through many systems lately. What basis do you have that this one is profitable? Is it all the financial porn (eye candy on the charts) that you're looking at? Here is a trading simulator. Trading simulator.zip
Before I code an EA for this system, try it out there. I made around 560pips on Monday, but not lucky enough to make much pips today since markets not favorable conditions yet for this system & yesterday i missed trading due to i overslept. Really many thanks for the trading simulator, guess what the last line says in the manual. "I hope you enjoy using this tool. I know for a fact that it will improve your trading more than you may realize at first. I suggest that you spend at least an hour in the simulator per day."
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This was what i needed, a trade simulator and i know its going to help me a lot, especially during the boring weekends. (why play simulator when i have the live market to play!) Thanks again Ronald, let me test it on simulator , ill back test this whole month and then if its profitable i know you'll always be interested in productivity for profitability
hanover
Quote: Originally Posted by dznmrd BTW, i don't believe in all the traders dynamic index and blah blah indicators, Im only interested in the price action, heikin ashi and the arrow signals made by someone and the mtf version of that.
Sep 17, 2008 3:13pm
You said it right, its a lagging indicator, so for that reason im working on a 1min chart and having the mtf arrows , when all match then i get a signal to go in, I was just wondering if someone could automate it so that i could backtest and probably try using it on live, it seems kinda profitable' Thanks for the other indicators. Lagging is not necessarily bad. Enter early and the risk of a false signal is greater (results in a lower win rate). But enter late and (assuming the stoploss position is the same) lowers the R-potential of the trade (higher win rate, but lower average win size), and too late risks missing the move altogether. Every trading system inherently attempts to balance win rate against win size; it's a delicate compromise, and there is no magical indicator that provides a better or a worse answer. A lot of traders enter without using indicators at all. This thread debates this further. Every system has its "blind spot". No matter how indicators are optimized, or no matter what price action is used, there will always be occasions when price moves far enough to trip the entry, and then reverses to hit the stoploss. Explained further in post #45 here. Heikin Ashi is nothing special, it merely summarizes price in much the same way that a moving average does. But it looks cool. Sorry if I sound negative, but whenever I watch a presentation, I know that the chart examples have been carefully selected to demonstrate the indicator(s) that are being used to their best possible effect. Losing trades are inevitable with any method, but it's funny how they never seem to make it into any of the presentations.
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David
dznmrd
Quote: Originally Posted by hanover Thanks for the other indicators.
Sep 18, 2008 1:15am
Lagging is not necessarily bad. Enter early and the risk of a false signal is greater (results in a lower win rate). But enter late and (assuming the stoploss position is the same) lowers the R-potential of the trade (higher win rate, but lower average win size), and too late risks missing the move altogether. Every trading system inherently attempts to balance win rate against win size; it's a delicate compromise, and there is no magical indicator that provides a better or a worse answer. A lot of traders enter without using indicators at all. This thread debates this further. Every system has its "blind spot". No matter how indicators are optimized, or no matter what price action is used, there will always be occasions when price moves far enough to trip the entry, and then reverses to hit the stoploss. Explained further in post #45 here. Heikin Ashi is nothing special, it merely summarizes price in much the same way that a moving average does. But it looks cool. Sorry if I sound negative, but whenever I watch a presentation, I know that the chart examples have been carefully selected to demonstrate the indicator(s) that are being used to their best possible effect. Losing trades are inevitable with any method, but it's funny how they never seem to make it into any of the presentations. David I understand why you sound negative, its because your skeptical about trading systems, indicators and blah blah.... its all because of frustration. Look at me, frankly im frustrated, I see there are around a thousand trading systems and a zillion indicators and EA's. Yet, they all fail at some point or the other and im still not able to find anything I MEAN anything that can truly make me some money, Is the forex market turning out to be a hell world? I think its because we are all trying to hunt for something called "The Holy Grail" and unfortunately it isn't out there. Im so tired of losing in forex, i feel like banging the pc,
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Frankly i blew my account 15 days back and im demo trading, trying to find whatver there is that can make money, still frustated n cant find a thing. Synergy, for some reason it seems to work and make things seem easy, but maybe it only seems to be profitable like all the other systems, that look like a gold mine on historical charts, but suck like a pig in the live makrets. The Synergy Arrow system is really great though, i tried it on 15min and its able to do 2 things very well. 1. Give you a signal by way of arrows, 2. Able to give you pips as soon as u shoot the buy/sell button, But im havin a prob trying to find a great way to find exit signals, but the prob is by the time u get a exit signal, you've already lost half the potential profits, Like it shoots 80pips and when u get the exit sign, your only out with a 20-30 pips
Ronald Raygun
Quote:
Sep 18, 2008 1:56am
Originally Posted by dznmrd I understand why you sound negative, its because your skeptical about trading systems, indicators and blah blah.... its all because of frustration. Look at me, frankly im frustrated, I see there are around a thousand trading systems and a zillion indicators and EA's. Yet, they all fail at some point or the other and im still not able to find anything I MEAN anything that can truly make me some money, Is the forex market turning out to be a hell world? I think its because we are all trying to hunt for something called "The Holy Grail" and unfortunately it isn't out there. Im so tired of losing in forex, i feel like banging the pc, Frankly i blew my account 15 days back and im demo trading, trying to find whatver there is that can make money, still frustated n cant find a thing. Synergy, for some reason it seems to work and make things seem easy, but maybe it only seems to be profitable like all the other systems, that look like a gold mine on historical charts, but suck like a pig in the live makrets.
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The Synergy Arrow system is really great though, i tried it on 15min and its able to do 2 things very well. 1. Give you a signal by way of arrows, 2. Able to give you pips as soon as u shoot the buy/sell button, But im havin a prob trying to find a great way to find exit signals, but the prob is by the time u get a exit signal, you've already lost half the potential profits, Like it shoots 80pips and when u get the exit sign, your only out with a 20-30 pips Instead of shooting for more pips...if you know that every signal nets hits +20 pips at one point shortly after the trade is opened, why not take that +20 pip signal and look for another one? If this is truly mechanical as you say, then it should be no problem for a bank of EAs to scan all the pairs you use. What I've been looking for is a system with a high accuracy. My current scalping system (rainbows with 1-2-3 breakouts) works ok, but is a PITA to automate. Personally, I'd prefer a 100% chance of hitting a 1 pip profit than a 60% chance of hitting a 10 pip profit because if I have a guaranteed setup, I can risk the entire account over and over again. And make 1 pip each time. Right now, I'm trying to develop a system which can take a very small deposit ($200) and multiply it with minimal risk, and considerable profit. If I can get something like that, then I can risk 50% of the account per trade and make bigger profits, possibly enter it into the ATC.
dznmrd
Quote:
Sep 18, 2008 10:19pm
Originally Posted by Ronald Raygun Instead of shooting for more pips...if you know that every signal nets hits +20 pips at one point shortly after the trade is opened, why not take that +20 pip signal and look for another one? If this is truly mechanical as you say, then it should be no problem for a bank of EAs to scan all the pairs you use. What I've been looking for is a system with a high accuracy. My current scalping system (rainbows with 1-2-3 breakouts) works ok, but is a PITA to automate. Personally, I'd prefer a 100% chance of hitting a 1 pip profit than a 60% chance of hitting a 10 pip profit because if I have a guaranteed setup, I can
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risk the entire account over and over again. And make 1 pip each time. Right now, I'm trying to develop a system which can take a very small deposit ($200) and multiply it with minimal risk, and considerable profit. If I can get something like that, then I can risk 50% of the account per trade and make bigger profits, possibly enter it into the ATC. Your extremely right, I just need to put greed aside and be more practical in the profit taking. Better to take a 100% chance to make 20pips than 50% chance at making a 100.
dznmrd
MTF Advanced Synergy System for 15min chart 5 Attachment(s) Hi Guys,
Sep 19, 2008 4:18am
I've created a nice template with some superb custom indicators for the Advanced Synergy System. Thought it might be useful in your analysis. It works best on a 15min chart. Ive been able to do 15 straight trades with just a single losing trade using this so far on demo. I'm attaching the indicators, template and some useful stuff. Copy indicators to "experts/indicators" folder. Copy template to "templates" folder. Ive also included a trading simulator again, its great idea for practice and especially during the boring weekend when you feel like trading forex, You can! On the simulator! And a money management file which is the real "Holy Grail" hehehehe Best wishes and I'm going to spend the entire weekend on the trade simulator. Please note, the template is only for the 15 minute chart
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indicators.zip template.zip money management.xls Trading simulator.zip Good luck 2 all!
------------------------Id suggest that you attend the free webinar for entire details about using the synergy over here -----> CompassFX | SYNERGY Method
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dznmrd
Guys, Heres the direct link to the webinar. http://www.compassfx.com/synergy/webinar/default.htm
Sep 20, 2008 10:04pm
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Pipologist99
Sep 22, 2008 1:14am
I am fairly new to forex and absolutely new to this forum. I have just started using the basic synergy system and was hoping to get my hands on the advanced version as a free loader because I was hating to spend money on 'just another' system. I will be following this forum pretty closely. Keep it up dznmrd!!
dznmrd
3 Attachment(s) Quote:
Sep 22, 2008 6:49pm
Originally Posted by Pipologist99 I am fairly new to forex and absolutely new to this forum. I have just started using the basic synergy system and was hoping to get my hands on the advanced version as a free loader because I was hating to spend money on 'just another' system. I will be following this forum pretty closely. Keep it up dznmrd!! Dude, the good friend who was trying to enlighten me about the synergy system and i was too engrossed in my own system and used to be skeptical or id say lazy to read other peoples strategy. But let me tell you sir, This is not "just another" system. Its a very good system. Im demo trading 2 accounts. One super agressively and the second one, using MM and active+position trading on that. Total pips collected, Attachment 150449 Account 1 = 1169 pips in one day. (Trading all USD and Cross pairs, 17pairs total) Attachment 150450 Account 2 = 1611pips and floating 1050pips. (Trading 9 pairs, all majors and GBPJPY EURJPY) Hope to forward test it more and see if its consistent. statements.zip
Pipologist99
Sep 22, 2008 6:59pm
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Great work dznmrd! From the limited testing I have done, I can also tell it's a great system, especially dynamic heiken ashi candles, they are a god-send! Do you use the basic system or the Advanced system? (you can get the advanced system for free from a forum on forexfactory). Also if you don't mind sharing your strategy, which indicators do you use and what are your entry and exit rules and what time frame do you use? I am currently testing on the 15 min chart but would like to eventually trade high risk for 10-15 pips. I have also watched the webinar on compassfx but would like to know your strategy. Thanks.
stevewide
Alert indicator Thanks for a great method. Is there an alert for the chart signal arrows? Then you could keep up with more pairs. Thanks, Steve
Sep 29, 2008 4:46pm
Ronald Raygun
1 Attachment(s) I wrote a quick Synergy EA for this. I hate to sound skeptical, but are you sure of those entries? Synergy Trading Method.mq4
Sep 29, 2008 6:19pm
Pipologist99
Ron thanks for the EA. Has anyone used it yet, I just plugged it onto a demo account, let's see how it does...
Oct 1, 2008 2:53pm
Pipologist99
1 Attachment(s) Ron I am having problems running the backtest on strategy tester, I have a screenshot attached.....Any suggestions?
Oct 1, 2008 3:48pm
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And how was ur strategy test? Did it produce convincing results?
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Ronald Raygun
Oct 1, 2008 4:08pm
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1 Attachment(s) There is a good reason for that! You need this indicator as well. TradersDynamicIndex.mq4
dznmrd
Quote: Originally Posted by Pipologist99 Ron I am having problems running the backtest on strategy tester, I have a screenshot attached.....Any suggestions? And how was ur strategy test? Did it produce convincing results?
Oct 2, 2008 6:00am
If you want deadly accuracy with the synergy, try trading on the daily charts. Im having a 800pip floating profit right now from just 2 days trading a few pairs. Usually daily has less fakeouts with synergy and works splendidly.
Pipologist99
Oct 2, 2008 1:46pm
Ron even after I downloaded the indicator you posted, the strategy tester backtest is comin out blank. Can you please show me what settings I need to tweak to get a result?? Have you been testing this EA, can you share your results please? Thanks.
Pipologist99
Oct 2, 2008 1:48pm
Hey dznmrd (what's ur name btw), what exit strategy do you use. I mean by the time price closes back in the price channel and it's time to get out, you have already given up like over a 100-150 pips on the retrace back before you can get out. What are some of the strategies you use to get out early to maximize profit. Also have you or anyone else on this forum tried using this on a 4H chart? I have a feeling it will be insanely profitable on 4H but don't I don't really have the time to test all time frames and all pairs due to work constraints.....Suggestions anyone?
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Pipologist99
Oct 2, 2008 2:10pm
Raygun, are you familiar with the Advanced synergy methods? It's $497 bucks (which is the only turnoff), but the insanely cool thing it has that Im dying to get my hands on is the alerts that pop up on the screen whenever a buy/sell signal generates. This way one can keep track of a gazillion pairs and all time frames and just go freakin crazy breaking the forex bank!! Any idea on how one can manually create those alerts based on the basic entry/exit setups (like 50 cross, HAclose above PAC etc etc). Thanks for any help you can provide.
Ronald Raygun
You code an EA, that's generally how I do it...
Oct 2, 2008 3:01pm
dznmrd
Quote:
Oct 3, 2008 3:53am
Originally Posted by Pipologist99 Ron even after I downloaded the indicator you posted, the strategy tester backtest is comin out blank. Can you please show me what settings I need to tweak to get a result?? Have you been testing this EA, can you share your results please? Thanks. Same here, Blank results no matter what i try and which other broker i run it on, But the on-screen alerts are really cool. Thanks Ronald, hope u could fix the blank thing.
dznmrd
Oct 3, 2008 3:56am
Originally Posted by Pipologist99 Hey dznmrd (what's ur name btw), what exit strategy do you use. I mean by the time price closes back in the price channel and it's time to get out, you have already given up like over a 100-150 pips on the retrace back before you can get out. What are some of the strategies you use to get out early to
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maximize profit. Also have you or anyone else on this forum tried using this on a 4H chart? I have a feeling it will be insanely profitable on 4H but don't I don't really have the time to test all time frames and all pairs due to work constraints.....Suggestions anyone? Id suggest that you use the synergy on daily to find out the absolute trend, Remember that the daily candle is the outcome of the entire day (Scalpers, hedgers, swin traders, trend traders, 1001 types of traders) , so if u spot a trend on daily its much more accurate than smaller timeframes. Id suggest that find the direction on daily synergy and then use the 4hour synergy to find a good price to enter on basis of the daily. Have a look at this, 1200pips and just on a side note, a trend on daily could get you from 300-500-1000pips+ on each pair, so go for it being the start of this month!
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Ronald Raygun
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2 Attachment(s) Let's try again. Synergy Trading Method.mq4 TradersDynamicIndex.mq4
lcfxtrader
Thanks for the indicators dznmrd. I like the 1M & 5M for 20 pips potential profit.
Oct 3, 2008 11:04am
Pipologist99
Oct 3, 2008 3:33pm
Ray, Does the EA you posted have the signals already built in? Well my EA hasn't opened any orders yet and I haven't seen any alerts. Can you please tell me the customized settings I would need to A) Run it as an EA and B) Only run it so pop-up alerts come on screen whenever a buy/sell signal is generated. Thanks in advance.
Ronald Raygun
Quote:
Oct 3, 2008 3:43pm
Originally Posted by Pipologist99 Ray, Does the EA you posted have the signals already built in? Well my EA hasn't opened any orders yet and I haven't seen any alerts. Can you please tell me the customized settings I would need to A) Run it as an EA and B) Only run it so pop-up alerts come on screen whenever a buy/sell signal is generated. Thanks in advance.
1. Signals only set to false 2. Signals only set to true
Pipologist99
Oct 3, 2008 5:05pm
Ray can you elaborate on your customized settings that you use for S/L and T/P. If you don't mind please just list each input setting and your customized setting for that input for all the inputs on your EA. That will eliminate much confusion and ensure that all of us are on the same page. Only if you don't mind
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Thanks for the EA, really appreciate it.
nondisclosure00
Ron, Your EA doesn't address MTF. I've been trying to find out how to do backtesting using MTF. I figured on doing this procedure for the MTF's I want to use: http://www.earnforex.com/blog/2008/0...storical-data/ Quote: Originally Posted by Ronald Raygun Let's try again.
Oct 3, 2008 7:16pm
Ronald Raygun
Quote: Originally Posted by nondisclosure00 Ron, Your EA doesn't address MTF. I've been trying to find out how to do backtesting using MTF. I figured on doing this procedure for the MTF's I want to use: http://www.earnforex.com/blog/2008/0...storical-data/ What do you mean MTF? You can attach the EA on any timeframe. As for the settings, just remember to change the lot size and that's what I used.
Oct 3, 2008 7:30pm
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Pipologist99
Look Ray I have asked you before, please help me out here.
Oct 4, 2008 1:42am
I can't run the backtest on your EA based on the settings you provided, it's stubbornly showing blank. Please show me the customized settings you have used to run the EA on the backtest. Can I also run only signals on backtest also? Please show me your custom settings you use for this EA. Thanks in advance.
Ronald Raygun
Quote: Originally Posted by Pipologist99 Look Ray I have asked you before, please help me out here.
Oct 4, 2008 2:02am
I can't run the backtest on your EA based on the settings you provided, it's stubbornly showing blank. Please show me the customized settings you have used to run the EA on the backtest. Can I also run only signals on backtest also? Please show me your custom settings you use for this EA. Thanks in advance. What do you mean by blank? Lack of data?
Pipologist99
Oct 4, 2008 2:28am
Yeah it doesn't open any trades whatsoever on the backtest. It comes out as completely blank even though I have both the EA and tradersdynamicindex indicator. here's you can help me out. Please run a backtest, and then tell me the settings you used. Also have you used the EA, and does it open regular trades for you and does it give you the signal alerts regularly?
Ronald Raygun
Quote:
Oct 4, 2008 2:31am
Originally Posted by Pipologist99 Yeah it doesn't open any trades whatsoever on the backtest. It comes out as completely blank even though I have both the EA and tradersdynamicindex
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indicator. here's you can help me out. Please run a backtest, and then tell me the settings you used. Also have you used the EA, and does it open regular trades for you and does it give you the signal alerts regularly? Here's the problem. I changed the lots to 0.1 and used the default settings. I'm getting hundreds of trades. Are there any journal errors at all?
Pipologist99
1 Attachment(s) Yes its showing errors. attached is a screen shot
Oct 4, 2008 2:38am
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Ronald Raygun
Oct 4, 2008 2:42am
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Try getting brand new data.
Pipologist99
how do i get brand new data?
Oct 4, 2008 2:46am
dznmrd
Quote:
Oct 4, 2008 2:46am
Originally Posted by Pipologist99 Yeah it doesn't open any trades whatsoever on the backtest. It comes out as completely blank even though I have both the EA and tradersdynamicindex indicator. here's you can help me out. Please run a backtest, and then tell me the settings you used. Also have you used the EA, and does it open regular trades for you and does it give you the signal alerts regularly? I have the same problem, but im not interested anymore in EA's , prefer to manually trade.
Pipologist99
Oct 4, 2008 2:55am
Dznmrd, I am more interested in on-screen alerts than the EA itself. Do you just sit glued in front of your computer for hours on end or have you found a better way to follow more pairs? Have you used this EA for alerts??
Ray, if you know of how to get rid of the error I am getting I would be forever thankful. Thanks.
dznmrd
Quote:
Oct 4, 2008 3:01am
Originally Posted by Pipologist99 Dznmrd, I am more interested in on-screen alerts than the EA itself. Do you just sit glued in front of your computer for hours on end or have you found a better way to follow more pairs? Have you used this EA for alerts??
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Ray, if you know of how to get rid of the error I am getting I would be forever thankful. Thanks. Actually since im full time into forex lolz, i do sit on-screen for hours on end for 6-12 hours without worrying about price, But yes if the EA works for alerts would be great, ... but since in trading the daily chart... i get enough time to be away from the pc
Pipologist99
Oct 4, 2008 3:10am
That's great! I don't mind trading the daily if its more profitable as I will scale my position size accordingly to mitigate the huge stop losses required. But how do you enter/exit your position....Do you wait for green to pass both red and yellow (because yellow is pretty non-moving) and then pass 50..or I mean what is your usual entry strategy. Then once you are in when do you determine to get out because you wait for a cross back, and price moves back too much, you are potentially leaving a lot of pips on the table...Please elaborate on your strategy in detail if you don't mind, I am also interested in using the 4h strategy, have u tried that?
Ronald Raygun
Oct 4, 2008 3:13am
3 Attachment(s) I went through the EA and it turns out it's also calling Heiken Ashi candles. Hopefully, this is everything. Remember to re-download and overwrite everything. Synergy Trading Method.mq4 Heiken Ashi.mq4 TradersDynamicIndex.mq4
dznmrd
Oct 4, 2008 3:38am
Originally Posted by Pipologist99 That's great! I don't mind trading the daily if its more profitable as I will scale my position size accordingly to mitigate the huge stop losses required. But how do you enter/exit your position....Do you wait for green to pass both red and yellow (because yellow is pretty non-moving) and then pass
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50..or I mean what is your usual entry strategy. Then once you are in when do you determine to get out because you wait for a cross back, and price moves back too much, you are potentially leaving a lot of pips on the table...Please elaborate on your strategy in detail if you don't mind, I am also interested in using the 4h strategy, have u tried that? OK, one thing that Dean mentioned on the webinar is that on higher timeframe like 4hour/daily/weekly. The levels in TDI do not matter, like the 32-50-68 levels.... so you simply have to check in the crossover of green vs the red/yellow. On daily a cross of green over red is more than sufficient, but if it can also cross the yellow line, it would be a stronger signal. Also wait on both normal candle and heiken candle to close out of PAC to confirm its a breakout and trend on daily channel. also the 5period PAC works much better for daily, cuz 5 periods = 5 days or 1 trading week, so we are seeing the average of a week on the channel and a breakout from it Heres a custom template im using for the daily chart (added EA from ray) dznmrd_advanced_synergy.tpl
dznmrd
Quote:
Oct 4, 2008 11:05am
Originally Posted by Ronald Raygun I went through the EA and it turns out it's also calling Heiken Ashi candles. Hopefully, this is everything. Remember to re-download and overwrite everything. OK the EA now works perfectly and also profitable on back test on many time frames, Hats off to you Ronald, keep it up and great luck to you young friend.
Pipologist99
Oct 5, 2008 8:51pm
Nimrod, how the hell are you able to run your EA on the backtest....It's been giving me grief for the longest time and even though I uninstalled and reinstalled FXDD AND IBFX it's giving me the same testgenerator error. Can you please post the results of your backtest on here and if a good samaritan knows how to fix that error, please reach out to me and let me know. I would really appreciate it. Thanks.
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pj9100
EA not working Quote:
Oct 5, 2008 11:03pm
Originally Posted by Pipologist99 Nimrod, how the hell are you able to run your EA on the backtest....It's been giving me grief for the longest time and even though I uninstalled and reinstalled FXDD AND IBFX it's giving me the same testgenerator error. Can you please post the results of your backtest on here and if a good samaritan knows how to fix that error, please reach out to me and let me know. I would really appreciate it. Thanks.
I am not able to get the EA working inspite of reinstalling it several times with all the indicators as mentioned by Ronald.
dznmrd
Oct 5, 2008 11:32pm
Originally Posted by Pipologist99 Nimrod, how the hell are you able to run your EA on the backtest....It's been giving me grief for the longest time and even though I uninstalled and reinstalled FXDD AND IBFX it's giving me the same testgenerator error. Can you please post the results of your backtest on here and if a good samaritan knows how to fix that error, please reach out to me and let me know. I would really appreciate it. Thanks. It works, just uninstall your metatrader and delete the folder manually, then reinstall and install the 3 last files from Ronald Rayguns post here. Attachment 154674 synergyEA.zip
dznmrd
Guys, If you want to see the full potential of Advanced Synergy applied on a daily charts.
Oct 7, 2008 6:15pm
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Try my demo account on IBFX. If you don't have IBFX, you can visit http://ibfx.com and download their trading software (metatrader) Login : 5278997 Investor : 7upmyru (read only password) Server : InterbankFX-MT4 Demo Accounts 2 4000pips gain so far since the start of this month
Pipologist99
Oct 8, 2008 10:46am
1 Attachment(s) Seeing is believing my friends. For far too long we have been duped into trading the ridiculous 5 MIN and 15 MIN time frames in order to catch a piece of the action and in the process have been burned far too many times. As a result many have developed a sour grapes attitude towards the Treasure Trove that is the Forex market. Croesus was proud of his treasure during his time but what we have at our disposal today is at-will access to an unprecedented $2 trillion worth of pure treasure. Dznmrd and I have been working together on the Daily Synergy method and our results are there for everyone to see. Statement 5790661 - Synergy Daily_files.zip
Ronald Raygun
Just curious, has anyone tried the EA?
Oct 8, 2008 10:54am
Pipologist99
Ray your EA is not working on my computer, I tried every which way possible, eventually i just gave up.
Oct 8, 2008 11:21am
Ronald Raygun
Quote: Originally Posted by Pipologist99 Ray your EA is not working on my computer, I tried every which way possible, eventually i just gave up.
Oct 8, 2008 11:25am
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Did you change any of the settings?
Pipologist99
Oct 8, 2008 11:32am
it's not the settings, I always get the testgenerator error that I told you before. I uninstalled reinstalled FXDD and IBFX and same thing. I jus got so frustrated and said the hell with it. Wat do u think about my daily statement that I just posted?
Ronald Raygun
Quote:
Oct 8, 2008 11:42am
Originally Posted by Pipologist99 it's not the settings, I always get the testgenerator error that I told you before. I uninstalled reinstalled FXDD and IBFX and same thing. I jus got so frustrated and said the hell with it. Wat do u think about my daily statement that I just posted? Try using other brokers =D I'm on FxPro. As for your statement, it's only 3 days old. I'll wait a month before I make a decision as to the profitability.
Pipologist99
Oct 8, 2008 11:44am
Sure, DZNMRD has had his account for longer than me and he posted his password and everything for IBFX earlier today. Go ahead and look for yourself.
hanover
Oct 8, 2008 1:05pm
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Quote: Originally Posted by Pipologist99 Ray your EA is not working on my computer, I tried every which way possible, eventually i just gave up. Pipologist, I got Ronald's EA to work using System Tester, as follows: 1. Copied the SynergyTradingMethod.MQ4 EA into the ....\experts folder 2. Copied the HeikinAshi.MQ4 and TradersDynamicIndex.MQ4 indicators into the ....\experts\indicators folder 3. Restarted MT4 (to automatically compile the EA and indicators) 4. Ran System Tester (press Ctrl-R) with the following settings: -- Expert Advisor: Synergy Trading Method, Ronald Raygun -- Symbol: EURUSD -- Model: Every tick...... -- Use date: (OFF) -- Visual mode: (OFF) -- Period: M5 -- Optimization: (OFF) -- Expert properties: I changed Lots Value from 0 to 0.1, left everything else as its default value 5. Clicked the Start button and waited patiently for the two sweeps of the progress bar.............. The above process caused a few trades show on the Results/Graph/Report tabs. They were mainly losses, but then my test data is crap. Hope this helps, David
dznmrd
Quote:
Oct 8, 2008 1:10pm
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Originally Posted by Ronald Raygun Try using other brokers =D I'm on FxPro. As for your statement, it's only 3 days old. I'll wait a month before I make a decision as to the profitability. Yes, even I'm working the demo for at least a month .... and a goal to turn 1000USD to 100,000USD and with a proper money management. Hope it works consistently and we have ourselves a lean mean green machine
Ronald Raygun
Quote:
Oct 8, 2008 1:51pm
Originally Posted by dznmrd Yes, even I'm working the demo for at least a month .... and a goal to turn 1000USD to 100,000USD and with a proper money management. Hope it works consistently and we have ourselves a lean mean green machine
It's pretty easy to multiply your account in this market. Example, I entered a trade around 1AM EST (most AUD pairs) I took my $200 and turned it into $1600 in 2 hours. I admit it was a ballsy risk, but a calculated and educated one. Look at the leading EA in the ATC, increased the account 5 fold already. Are you convinced yet?
danil0
Hello, a stupid question ... can I see Crude oil from metatrader4 ? I can not find it ... am I so blind?
Oct 9, 2008 8:05am
nondisclosure00
MTF=Multiple Time Frame. Trading based on signals generated from Multiple Time Frames. Quote:
Oct 9, 2008 9:50am
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Originally Posted by Ronald Raygun What do you mean MTF? You can attach the EA on any timeframe. As for the settings, just remember to change the lot size and that's what I used.
nondisclosure00
I take it your using the Advanced Synergy indicators in this thread somewhere, correct? Or did you go and purchase it? Also, what exactly are the rules for Advanced Synergy? Quote: Originally Posted by dznmrd Guys, If you want to see the full potential of Advanced Synergy applied on a daily charts.
Oct 9, 2008 10:23am
Try my demo account on IBFX. If you don't have IBFX, you can visit http://ibfx.com and download their trading software (metatrader) Login : 5278997 Investor : 7upmyru (read only password) Server : InterbankFX-MT4 Demo Accounts 2 4000pips gain so far since the start of this month
MCFly
Continuation Indic Hi,
Oct 9, 2008 12:09pm
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i realy don't see any sense of adding the continuation indic to the system. From my point of view there is absolute no additional information. I would prefer an indic with some extra information. Maybe something like the steinitz MTF HAS Bars or MTF CCI.
Pipologist99
1 Attachment(s) You can find the Advanced indicators on the first page of this thread. Dznmrd has also made some nice-lookin templates that you can use.
Oct 9, 2008 12:11pm
I have attached my statement since sunday. Keep in mind that my actual pips were twice what is reflected on the statement, I just didn't get out early enough Still workin on a better exit strategy. Statement 10 09 08.zip
dznmrd
Quote: Originally Posted by MCFly Hi,
Oct 9, 2008 12:13pm
i realy don't see any sense of adding the continuation indic to the system. From my point of view there is absolute no additional information. I would prefer an indic with some extra information. Maybe something like the steinitz MTF HAS Bars or MTF CCI. Actually the continuation indicator is a 2periods moving average, its only used if you would like to keep the trade running longer for potential profits, in event that the other indicators would give an exit sign. But i somewhat agree, its not very useful, could add something better there like macd, mtf has bars or cci there.
dznmrd
Quote: Originally Posted by nondisclosure00 I take it your using the Advanced Synergy indicators in this thread somewhere, correct? Or did you go and purchase it? Also, what exactly are the rules for Advanced Synergy?
Oct 9, 2008 12:16pm
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I think Ive posted some of the advanced synergy indicators in this topic and off course im using them. If you want a quick rundown on how to use them, visit the webinar for compassfx and click on the last lesson. Some info are also posted on the compass website.
nondisclosure00
Ok, I'll take a look. Quote:
Oct 9, 2008 1:08pm
Originally Posted by dznmrd I think Ive posted some of the advanced synergy indicators in this topic and off course im using them. If you want a quick rundown on how to use them, visit the webinar for compassfx and click on the last lesson. Some info are also posted on the compass website.
oxford_sb
I think a MTF Synergy IND advanced can be a another good indicator to add in this template, like this We have MTF synergy ind but need to set the TF you want in settings and it just shows one TF at a time. What do you think?
Oct 9, 2008 1:41pm
MCFly
Oct 9, 2008 1:45pm
I have seen an older Dean Malone tutorial on Youtube two or three weeks ago and i liked it immediately. I think the TDI is one of the best indics i have seen so far. But i realy don't know why this system is offered for free. Unfortunately i have read that the steinitz Heiken Ashi is coded wrong. That means that the MTF HAS Bars indic code is broken. I think a working MTF HAS Bar indic would be a good addition to the system.
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sprescott
Ron,
Oct 9, 2008 5:11pm
I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on.
Ronald Raygun
Quote: Originally Posted by sprescott Ron,
Oct 9, 2008 5:44pm
I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on. Let's start with the most common: Did you change the lot size? Did you enable signalsonly?
dznmrd
2 Attachment(s) Quote: Originally Posted by sprescott Ron,
Oct 9, 2008 7:15pm
I attached the Synergy EA to a demo account. It has not enter any trades but it does give alerts. Now the alerts seem to be given everytime price moves if there is a buy or sell signal. Plus what time frame are the signals being called out on. I am guessing the time frame that the chart is on. I think the EA from Ron only works on the principle of Heiken candle breakout from the PAC and considering the TDI, which is the basic synergy. Advanced
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synergy is a bit different... especially volatility and range factor indicators, its quite important on the daily chart. If the heiken candle breaks out and even if the green is below the red/yellow, if the range factor would not be below the parallel lines ... not a good choice to trade. And each time the volatility indicator is tilted up, you'd notice its a surefire and good entry for the next daily candle. You can see what i mean from the screens. GBPJPY
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EURJPY
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There's no sense to enter a daily trade and wait on consolidating candles, before it actually start to move. so we need the volatility to tell us its time. So like instead of keeping the trade enabled on a 5day trend, when the actual big movements were only for 2 days.. So we can simply enter trade for those 2 days, instead of a long 5 days trading. Another reason is that by the time the green would cross back the red/yellow and by the time the arrow would disappear, you'd lose a lot of profit you made, so its good for a early signs to exit, doesn't matter if missed a 100-200 pips more, but its better to be safe then sorry,
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About the range factor, it works like a currency index chart, like having a euro index and usd index side by side for your EURUSD. if Euro was weak and usd strong, range factor would go below the parallel lines, if Euro is strong and USD is weak, range factor would go above the parrallel lines and if both EURO and USD were weak or strong, the line would be in between the parallel lines for a probable range market. So its impotant to have those...
sprescott
Quote: Originally Posted by Ronald Raygun Let's start with the most common: Did you change the lot size? Did you enable signalsonly? I changed the lot size and the signals only is turned to true.
Oct 9, 2008 10:57pm
Ronald Raygun
Quote: Originally Posted by sprescott I changed the lot size and the signals only is turned to true. Set signals only to false and it will start placing trades, Signals only is for those who trade on non-mt4 brokers and need a signal like an alert or e-mail.
Oct 9, 2008 11:07pm
MCFly
Entry and exit rules
Oct 10, 2008 3:41am
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Hi, do you enter when both arrows (normal and MTF) appear? I think this system workes without stops and the set up gives the exit signals. So do you use any kind of emergency stops?
Pipologist99
MCFLY,
Oct 10, 2008 11:34am
Trading the daily is a little different than begging for pips and trading the 5 min. I don't know if it's legal to say this but if you follow the strict entry rules for daily, you would have between a 90-95% win ratio. The stop losses would be above the PAC in a short, and below PAC in a long, granted these are some soul-crushing stop losses but the key my friend is proper position sizing. These stop losses will not get triggered if you follow proper procedures as outlined by my good friend dznmrd. You should accept anywhere between 200-400 pips on every trade. I'll post my latest statement after 4:00 pm CST today. Happy pipping!
Pipologist99
Oct 10, 2008 4:52pm
1 Attachment(s) Statement for today. Yesterday there weren't many trading opportunities as everything was consolidating except GBPUSD. Currently it's open at 25 pips, but last night it went up about 300 pips!!!! but according to the rules, we still haven't exited, even though I should have closed today cuz of weekend to avoid a disaster sunday, oh well!! Happy Pipping! Statement 10 10 08.zip
BeachBum
You might want to consider "scaling-out" of a trade as described & encouraged by Dean Malone.....
Oct 10, 2008 5:27pm
Quote: Originally Posted by Pipologist99 Statement for today. Yesterday there weren't many trading opportunities as everything was consolidating except GBPUSD. Currently it's open at 25 pips, but
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last night it went up about 300 pips!!!! but according to the rules, we still haven't exited, even though I should have closed today cuz of weekend to avoid a disaster sunday, oh well!! Happy Pipping!
pj9100
Scalping trading strategy Quote:
Oct 18, 2008 10:20pm
Originally Posted by dznmrd I think the EA from Ron only works on the principle of Heiken candle breakout from the PAC and considering the TDI, which is the basic synergy. Advanced synergy is a bit different... especially volatility and range factor indicators, its quite important on the daily chart. If the heiken candle breaks out and even if the green is below the red/yellow, if the range factor would not be below the parallel lines ... not a good choice to trade. And each time the volatility indicator is tilted up, you'd notice its a surefire and good entry for the next daily candle. You can see what i mean from the screens. GBPJPY Attachment 156112 EURJPY Attachment 156113 There's no sense to enter a daily trade and wait on consolidating candles, before it actually start to move. so we need the volatility to tell us its time. So like instead of keeping the trade enabled on a 5day trend, when the actual big movements were only for 2 days.. So we can simply enter trade for those 2 days, instead of a long 5 days trading. Another reason is that by the time the green would cross back the red/yellow and by the time the arrow would disappear, you'd lose a lot of profit you made, so its good for a early signs to exit, doesn't matter if missed a 100-200 pips more, but its better to be safe then sorry, About the range factor, it works like a currency index chart, like having a euro index and usd index side by side for your EURUSD. if Euro was weak and usd strong, range factor would go below the parallel lines, if Euro is strong and USD is weak, range factor would go above the parrallel lines and if both EURO and USD were weak or strong, the line would be in between the parallel lines for a probable range market. So its impotant to have
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those...
dznmrd I have been watching you shifting from one system to another. I think you have finally found something you can work on for a long time. You work hard and don't give up easily. I like your spirit. Can you explain me whether the system will work for the two pairs Eur/JPY and GBP/JPY and how to interpret various indicators at 5m, 15m, 30m and 60 hour chart. I am a scalper and I want to attempt it. I live in Hong Kong and prefer to do trading Asia-London session only. Do you have any idea of Indian Rupee futures recently introdued at BSE? I am a NRI and can I trade those futures?
fxid10t
Quote: Originally Posted by Pipologist99 Yes its showing errors. attached is a screen shot
Oct 19, 2008 7:40pm
Those errors are mismatched data errors... use the period_converter in the Scripts folder to convert your 1m data to the higher time frame data. This should resolve the mismatched data errors.
fxid10t
Testing result (daily) 3 Attachment(s) Just a quick back test, thanks to Mr. Raygun for the work thus far, curiously, no long trades... Synergy TM (R.Raygun).zip
Oct 19, 2008 8:09pm
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andante9
Oct 21, 2008 9:52pm
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Quote: Originally Posted by Ronald Raygun [/indent]This last bit bothers me a little. You have been cycling through many systems lately. What basis do you have that this one is profitable? Is it all the financial porn (eye candy on the charts) that you're looking at? Here is a trading simulator. Trading simulator.zip
Before I code an EA for this system, try it out there. Financial porn! Too Funny LOL.
jucaorma
somebody could say me how I activate the alert in advanced synergy ?
Nov 6, 2008 6:23am
Askjo
Nov 7, 2008 10:01pm
1 Attachment(s) Hello! Indicators does not work properly. Look at the chart where green arrow or red arrow is, but not appear on this chart. Please help me to fix this problems. Here is a picture of chart:
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comdoc
DM indicators Hi dzn, Do you use DM_Range? How do you use it? Could you explain the two blue lines? Mine both merge into the 0 area of indicator window. Kind regards, George
Dec 7, 2008 2:42pm
dznmrd
Quote: Originally Posted by comdoc Hi dzn,
Dec 7, 2008 2:50pm
Do you use DM_Range? How do you use it? Could you explain the two blue lines? Mine both merge into the 0 area of indicator window. Kind regards, George It depends from time frame to time frame. on 4hour it would be widely separated and on 5min it would be tightly separated (sometimes looks like just one blue line) All you need to see is where the pink line is, if above then its going up if below its goind down and if its in between, inside or around the blue lines its a range market.
PistolDave
Did everyone give up on this, or did it turn out to be another failure, or what?
Dec 27, 2008 1:30pm
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It looked good on paper.
forexhero
I also havent seen any reply on this lately. Did this strategy proved to be a long term success or just an interim success?
Jan 11, 2009 4:50pm
england33
How do i find the price action channel? the 2 yellow bands on the chart..
Feb 20, 2009 2:36pm
BeachBum
Start by reading Post #1....... Quote: Originally Posted by england33 How do i find the price action channel? the 2 yellow bands on the chart..
Feb 20, 2009 3:32pm
jamesfr
Hi, I am running this EA and it's working bar the fact that every trade opened is a SELL ,what could be wrong? I have long and short selected under INPUTS. Currently 14 open trades all sell. Thanks for your help.
Mar 6, 2009 10:39am
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nightpipper
Template Problems Hi all,
Dec 12, 2009 5:02am
I have loaded 3 templates from the listings but on all i do not seem to get the indis to perform the MFT & LJ synergy ID has all crosses & i dont have any of these multiple of arrows showing trend direction . Can anyone advise me where i am going wrong please ? Thanks
stroker70
3 Attachment(s) Quote: Originally Posted by nightpipper Hi all,
Dec 18, 2009 1:47pm
I have loaded 3 templates from the listings but on all i do not seem to get the indis to perform the MFT & LJ synergy ID has all crosses & i dont have any of these multiple of arrows showing trend direction . Can anyone advise me where i am going wrong please ? Thanks You may need these indicators. #MTF_LJ_SYNERGY_ID.mq4 LJ_SYNERGY_ID.mq4 LJ_SIG.mq4
eelfranz
Jan 5, 2010 8:43pm
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Just signing in to get future posts... Thanks
Bobcat2
Me, too.
Mar 10, 2010 3:44am
tntpeter
Alarms Hello to all! Are any alarms working in this "synergy trading"?
Mar 15, 2010 9:15am
outloud20
anybody using this strategy and EA?
Apr 12, 2010 8:54am
Isaac
Synergy System Thank you for sharing your work on the Synergy System. Could you please tell me how you can move the signal arrows away from the candles as per your sreen shot, cause when I load mine the arrows are on top of candles. Also is there an alert on the on the first arrow to indicate a trade entry, if so how do you turn it off and on? Thank you, much appreciated Regards Isaac
May 22, 2010 11:27am
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dkern
Meaning of MTF headings Hello to all-Could someone explain the meanings of the headings found in the upper right section of the Advanced Synregy screen: CC, BS, Str, TR? I think CC stands for candle color. Also, is there any documentation for the Advanced Synergy system as it is presented here? Thanks! Dennis Quote: Originally Posted by dznmrd [b]Hi Guys,
Jun 5, 2010 5:45pm
I've created a nice template with some superb custom indicators for the Advanced Synergy System. Thought it might be useful in your analysis. It works best on a 15min chart. Ive been able to do 15 straight trades with just a single losing trade using this so far on demo. I'm attaching the indicators, template and some useful stuff. [color=Blue] Copy indicators to "experts/indicators" folder. Copy template to "templates" folder. Ive also included a trading simulator again, its great idea for practice and especially during the...
jerryyap
May 21, 2011 10:05pm
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15/11/2011 21:07
Quote: Originally Posted by dznmrd I think the EA from Ron only works on the principle of Heiken candle breakout from the PAC and considering the TDI, which is the basic synergy. Advanced synergy is a bit different... especially volatility and range factor indicators, its quite important on the daily chart. If the heiken candle breaks out and even if the green is below the red/yellow, if the range factor would not be below the parallel lines ... not a good choice to trade. And each time the volatility indicator is tilted up, you'd notice its a surefire and good entry for the next...
Hi dznmrd, Thank to you for bringing out this thread. I'm so lucky to see this even though it came too late after roasted badly in forex-casino in just few short months into fx. (It is frustrated to find that almost everytime after entered or exit a trade it reverses on you on the dot as though someone is watching you). I need some clarifications: 1. Do you have the Advance Synergy Method - the manual how to read the EAs plus the pop up alert with sound EAs/indicators (latest corrected indicators for this system in your possession). Do you have the video of Dean's teaching of the Advance Synergy just like the video on Basic Synergy he teached? Pls pm me if that is more convenient. 2. Can you clarify how to read the following: i. the 3 lower indicators namely DM_DSR line, Range line, Volitility line, Continuation bars. On the right hand side of the price chart: i. What is the CC, BS, STR, TR means? ii. What is the "*' sign means? ii. What is the row of price above and below the big font price means? 3. How we should enter a position 15min, 1hr, 4hr and daily chart? I believe like Dean mentioned the level 32 and 68 do not necessary to be adhered to strictly on 4hr and higher time frame. Can you confirm the following interpretation of the indicators here are correct for the different time frame?
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Do we enter on the Open of next traditional real price candle (i.e. not HA candle) when we see when we see the followings are all in sync (say if we want to long)? And how we see the real price candle if the HA is superimposed on the price candlestick? i. HA candle close above upper MA(Smooth) 5 periods. ii. RSI (green line) above MBL (yellow line) and TDL (red line). iii. RSI above 50 and pointing upward. iv. Volatility above 14 pips and pointing upward v. Range line ??? vi. Continuation bars??? vii. Straight lines DMSR on the price chart?? 4. Where should we put our Stop Loss for the different time frame? 5. Which time frame this method is not advisable to be used? 6. How you exit and take care of the draw down since HA is a very lagging indicator? Do you exit on open of next real price candle (not HA)?
7. I cannot open the Excel file "money management", appreciate if you can you re upload it. Many thanks.
jerryyap
Quote:
May 23, 2011 12:46pm
Originally Posted by Askjo Hello! Indicators does not work properly. Look at the chart where green arrow or red arrow is, but not appear on this chart. Please help me to fix this problems. Here is a picture of chart: How you insert the trading simulator on MT4?
jerryyap
May 23, 2011 12:56pm
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Advanced Synergy Quote: Originally Posted by jerryyap Hi dznmrd, Thank to you for bringing out this thread. I'm so lucky to see this even though it came too late after roasted badly in forex-casino in just few short months into fx. (It is frustrated to find that almost everytime after entered or exit a trade it reverses on you on the dot as though someone is watching you). I need some clarifications: 1. Do you have the Advance Synergy Method - the manual how to read the EAs plus the pop up alert with sound EAs/indicators (latest corrected indicators for this system in your possession). Do you... Would be good if someone can post the Dean's Advance Synergy webinar link. Pls pm me if this is more convenient. How to exit a trade using the above method: I really hope some experience user of Advance Synergy method can answer my post #102 especially on how you deal with the great drawdown due to very lagging nature of HA candles and indicators in this method. I was thinking we do our analysis on 4hr chart to see if the current momentum is strong to enter a trade. We then go to 5min chart to analyse the timing for a entry ("concept of immediate gratification"). For day trader, we also exit based on 5min chart to avoid the large drawdown.
outloud20
indicators are not working on my chart though
Jul 6, 2011 1:35pm
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encn
Pls Have this indicator for MTF? 1 Attachment(s) Quote: Originally Posted by dznmrd
Oct 19, 2011 10:43pm
Hi Friends, Im trying to find someone who can code an EA for the MTF Synergy Indicators, For those who aren't aware of the Synergy basic trading system, I'm sharing the entire system with user guide, indicators and basic template, Please find the details for the MTF Synergy to create the EA below, Ok here we go!
---------------------------------------------------Synergy Basic errata The Synergy Trading Method was developed by Dean Malone and is an effective Forex trading method developed to simplify trading decisions... hi, if you have this indicator LJ_SIG for MTF pls may you post it here? thank you encn. LJ_SIG.mq4
DragonEye
I have installed this system on my MT4 platform to test it the next week on a brand new demo account.
Oct 30, 2011 4:09am
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Meanwhile searching more info on the system I encounted the following review by the paid user of Advanced Synergy System 2.0 posted on 2010-04-15. OK! Some background on me first - so you know where I am coming from. I am a forex trader with 18 months experience. I am happy to tell you that I am STILL struggling to become CONSISTENTLY profitable. I know an awful lot about technical analysis and price action. I have been in several live rooms, only to eventually find out that the presenter is a scam merchant and FAR from being a trader. Dean Malone/Compass FX seem to have a VERY good reputation. My research lead me to have nothing but respect for the guy. The basic Synergy system seems good. So, I thought I would give them a go. This is some feedback on my findings. First off, here are the costs: $497 to buy Advanced Synergy 2 plus $97 per month subscription. $97 per month subscription to the live room. ... Advanced Synergy includes the standard Synergy indicators, plus a further SEVEN indicators. These are: Dynamic Support & Resistance Volatility Range Factor Continuation Synergy Trade Signal Synergy MTF Indicator Synergy Trade Targets You download and install the indicators to your MT4 platform. Interestingly, they are all set to "allow dll imports" which means they are obviously sending bits of code back to Dean Malone/Compass FX. Then you watch a large number of videos which are in the Advanced Synergy Member area. The videos are comprehensive insofar as they give LOTS of details on the indicators, but there is nothing which explains how to bring them all together into one cohesive trading strategy with fixed entry and exit criteria. Stop loss placement is never discussed!
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So far, not great, but certainly not particularly bad. OK. Into the live room. This is where it all falls apart pretty quickly I'm afraid! Of all the custom Advanced Synergy indicators, Dean only uses the Synergy Trade Signal and Volatility!! The others are nowhere to be seen on his charts [admittedly, the Synergy Trade Signal IS looking at the other indicators before signalling an entry]. Right, so, into the live room proper. Dean starts the session by drawing in horizontal support and resistance lines. If price breaks support, look for shorts, if it breaks resistance, look for longs, we are told. No explanation is given for why these levels are selected. Then he starts looking at fib levels, 1-2-3 patterns, [very dubious looking] head and shoulder patterns and saying things like "if price gets to such and such a level, expect it to reverse, or break through and go to such and such a level." In one particular session, he also talked about Cable having potential to the downside all day, and then right at the end [just as Cable was pushing up], he had the brass neck to say that "look folks! I told you GBPUSD would break this level and head up!" Well, I'm not being funny, but even I could do that!! It's almost as good as saying price could go up or price could go down!! During my entire time in the live room, NEVER did Dean refer to an Advanced Synergy entry. Neither did he call his trades in advance. In one particular instance, he said I just got 10 pips out of that. I queried him on it because it was a news spike and he traded GBPJPY without a stop loss!! He said he saw it pop and he jumped on it for 10 pips!! I said that was a very risky strategy long term, trading news spikes on THE most volatile pair, without a stop loss, and he actually agreed with me!!! But he reckoned his experience allowed him to do it! But the point here is, in fact, SEVERAL points here are:
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1. He doesn't call trades before/as he takes them. Details are only given afterwards. The usual live room excuse of we are not a signal service is rolled out. Well, I'm sorry, but this is not acceptable!! People join a live room to SEE how a professional trader takes his trades, with details of WHY he is thinking of entering, where his stop will go, and what his exit strategy is. Without this information, how can they learn!? 2. The MT4 platform which Dean shares with us is NOT the one he trades on. We can't see entry/stop/target levels on the charts. Why? 3. Whichever platform Dean DOES trade on, he only trades MINI lots!! WHY??? If you were being cynical, it would be because you would get your calculator out and think.......... hmmmmmmmm... 280 people in the live room. They have each paid $97 a month for the Advanced Synergy indicators and $97 a month for the live room. My maths says that equals over $54,000 a month. Maybe THAT explains why he doesn't actually TRADE? 4. Dean DOESN'T call his trades in advance. If people don't even know he's entering, how can they learn? 5. Dean DOESN'T trade a large account. WHY? I'd love to see him opening up a position with 50 full lots and I'm sure everyone else would too!
6. If Dean is such a great trader, why isn't he with an ECN Broker, instead of messing about with Compass FX? I'll tell you why! Because, Compass FX are a retail broker. They trade AGAINST you - the retail trader!! You think there is another trader on the other side of your trade? THINK AGAIN!! You are trading against your broker - who has the power to manipulate price data to your charts, and spreads, and slippage etc etc........... 7. Dean DOESN'T even trade Advanced Synergy or even BASIC Synergy for that matter? WHY? Because I have looked at it and seen how many false signals it generates!!! THAT'S why!! 8. Dean trades without stop losses or targets. How do I know? Well, most of his trades produce a profit of less than 10 pips. MANY of them are as low as 2 or 3 pips. Didn't know Advanced Synergy 2.0 was a scalping strategy? Well, you do now!! [although, like I said, he doesn't actually trade Advanced Synergy!!] One of many things I found amazing was that Dean obviously has a Bloomberg feed and just seems to keep quoting it ad nauseum!! I got the impression that he is more of a fundamental trader than a technical one!! I believe that because Dean comes across as a "nice guy" he uses a psychological "transference" whereby no-one in the live room wants to upset him. 95% [newbies] of people in the live room must be sitting there TOTALLY confused, but thinking they must stick it out in order to learn what is going on. The other 5% can see it for what it really is! A SCAM!! Dean Malone is not a trader! Why would you bother RISKING money, when you can earn over $50,000 a MONTH by running a live room in which you DON'T call out your trades before the event? The whole setup is designed to get new traders involved and confuse them, to the point where they believe that Dean is a good, knowlegeable guy who they don't really understand what he's saying, but that they want to learn from, so that they DO understand!! And every month that goes by, he collects nearly $200 from them!!
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My message is simply this: Forex trading is, without question, one of the most [if not THE most] difficult endeavours a human being could ever undertake. THINK ABOUT THAT FOR A MINUTE!!! IT IS SOOOOO true, otherwise, you would not be reading this now!! So, what's the best way of making money in forex? Open a live room and don't actually TEACH anyone anything!!! You HAVE been warned!!! I could go on and on and on about why this is a SCAM, but I think the above speaks for itself!!! HAPPY TRADING!!!
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