Synergy Method Trading System (2024)

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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.

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.

Share your opinion, can help everyone to understand the forex strategy.

I have been trading Demo with this system for some time now and it’s okay so far. The problem with it is that because it is manual, I miss a lot of trades and also find it very difficult to monitor other pairs at the same time.

I would be grateful if you could put these indicators into an EA such that anytime Synergy Pro TDI crosses, followed by Synergy PRO APB Spike, an increase in Volatility above the Threshold as indicated by Synergy PRO Volatility and finally, supported by Stochastic direction, a trade will be entered into.

SELL Conditions

As in the image

TDI crosses down
Volatility shoots up above the set threshold
Stochastic showing down move
APB spikes for SELL Entry

BUY Conditions

As in the image

TDI crosses up
Volatility shoots up above the set threshold
Stochastic showing up move
APB spikes for BUY Entry

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FAQs

What is the synergy method in forex? ›

The Synergy method uses a hybrid custom indicator developed to show postive (buyers) sentiment or negative (sellers) sentiment. Working in unison, Price Action and Market Sentiment give traders a distinct trading advantage. When both are in agreement, favorable trading conditions exists.

How do you master one trading strategy? ›

1: Always Use a Trading Plan.
2: Treat Trading Like a Business.
3: Use Technology.
4: Protect Your Trading Capital.
5: Study the Markets.
6: Risk Only What You Can Afford.
7: Develop a Trading Methodology.
8: Always Use a Stop Loss.

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How do you make a profitable trading system? ›

There are seven easy steps to follow when creating a successful trading plan:

Outline your motivation.
Decide how much time you can commit to trading.
Define your goals.
Choose a risk-reward ratio.
Decide how much capital you have for trading.
Assess your market knowledge.
Start a trading diary.

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What is the rule of synergy? ›

Synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts. If two companies can merge to create greater efficiency or scale, the result is what is sometimes referred to as a synergy merge.

What is synergy strategy? ›

Synergy is the working together of two or more parts, where the combined effort is greater than the effectiveness of the individual parts alone. It refers to how two or more companies can cooperate to produce results that are better or more effective than any they could have achieved on their own.

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Is there a 100% trading strategy? ›

A 100 percent trading strategy is an approach that involves investing all of your capital into a single trade. While this can be risky, it can also lead to significant profits if executed correctly.

Which trading strategy has the highest success rate? ›

Indicator-Based Directional Trading

This strategy uses an indicator to determine the direction of the trade. The indicator provides a clear signal when it's time to enter or exit a trade, making it easy to work with. Traders who use this strategy can expect to see consistent results and high success rates.

Read On ›

What is the 3-5-7 rule in trading? ›

A risk management principle known as the “3-5-7” rule in trading advises diversifying one's financial holdings to reduce risk. The 3% rule states that you should never risk more than 3% of your whole trading capital on a single deal.

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What is the most profitable trading system? ›

“Profit Parabolic” trading strategy based on a Moving Average. The strategy is referred to as a universal one, and it is often recommended as the best Forex strategy for consistent profits. It employs the standard MT4 indicators, EMAs (exponential moving averages), and Parabolic SAR that serves as a confirmation tool.

What is the most profitable trading pattern? ›

The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.

What is the synergy method? ›

Yoga Synergy is a comprehensive method for practicing and teaching traditional yoga for the modern body. The practice of yoga brings awareness to the self and awakens the heart and soul of the individual.

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What is an example of a market synergy? ›

Companies can create synergies by creating or combining products or markets. For example, if a company sells consumer electronics, salespeople will be able to increase revenue by cross-selling products. If a prospect is looking for a computer, the company can also sell them their printers and wireless Internet routers.

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What is the difference between balance and synergy? ›

While balance aims to maintain an equilibrium between work and personal life, synergy strives to create a cohesive and mutually beneficial relationship between the two.

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What is the 5 3 1 forex strategy? ›

The 5-3-1 strategy is especially helpful for new traders who may be overwhelmed by the dozens of currency pairs available and the 24-7 nature of the market. The numbers five, three, and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades.

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