SYNERGY Trading Method

 

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.

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.

First backtests show that the strategy works best on the 1H or 30M timeframe with the GBPUSD, EURJPY, EURUSD, GBPJPY, USDCHF, USDJPY and CADJPY. Here are some average results:

GBPUSD: ~ 160 pips per month

EURJPY: ~ 104 pips per month

EURUSD: ~ 100 pips per month

GBPJPY: ~ 95 pips per month

USDCHF: ~ 85 pips per month

USDJPY: ~ 82 pips per month

CADJPY: ~ 75 pips per month

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 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.

Files:
synergy_basic.pdf  1842 kb
synergy.zip  12 kb
 

thank you

its perfect strategy thank you my friend.

 

Very nice documentation, well explained.

 

Well documented, thank you for sharing this method.

 

It's amazing information, thanks

Nic

 

hi

Chris29:
Synergy 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. Is anyone trading this method? I'm intrested in results and experiences ...

Thanks for nice system

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Forex Indicators Collection

 

Very Strange similarity with this mehode and the same images

Dean Malone E.A.S.Y. Trading Method.pdf :attached

 

You are right. This seems to be same strategy.

I found it at CompassFX| Forex Trading | Metatrader | Mini Micro Forex Account Online Spot Currency Trading.

Have you tested it?

 

If you like Dean Malone's E.A.S.Y. Trading Method, you can download the indicators and the template for Metatrader 4.

 

This looks like it may have possibilities.

I'm going to try it on the Euro 4H.

I've attached a couple of other indicators that may help it a little-

1) Chandelier stops (more for confirmation of trend)

2) Fractal dimension (trend strength, similar to ADX)

 

Here is a modified version of the trading system ...

Reason: