Dollie's Safe Pips Indicator

Many thanks to everyone who has posted in the past and helped me along my way. In appreciation for all your efforts I will share an indic I made out of several indic and so far its been a safe making pips indicator for me. Please feel free to add comments how to improve it even more.

Use M4 charts with black background

Add the Abosolute Strength Indicator :
Make the colours (Inputs) as follows: Black, Black, Black, DeepPink

Overlay with RSI 2 (DeepSkyBlue) Apply to : Close
Levels : 10 and 90
Style: Silver ( dotted lines)

Overlay with Woodies CCISuper
Make the colours ( Inputs) as follows: Black, White, Black. Black, Black.
Levels 0
Style : Tan

Overlay with LSMA

Read the indic as follows:

On 30 min charts and higher TF's it works well for me. I do day trading I watch a position and close when a move is over, This indicator gives good signals several times a day on 30 mins and 1h TF's.


For a BUY :

When Blue and Pink line crosses and Blue is above Pink
Then wait till Lsma line( green, yellow, red line) goes in between Pink and blue line
Also wait till white line( cci6) goes in between Pink and blue
Its very safe to enter when LSMA is above 0
And when white line is above 0 as well
Its very safe when blue and white line trades almost on top of each other and going sharply in the same direction through 0

More aggresive traders can just use the white line as a guide when it goes through 0 up its a buy

When blue and Pink crosses for a buy, make sure white line is above 0..if it is under 0 the move might be very small dont be greedy here just take a few pips or stay out and wait for white to go above 0


Exit: On a Buy


- When the Blue line goes above the 90 dotted line .. keep a close look as it shows now over bought. Also look at the Pink line when its near 10 or under, its also shows its time to close for profit.


- When LSMA line goes out between Pink and blue

Here is the same indicator on Daily..I cant see how you can lose pips with this one:-) The thing is to have patience and wait till conditions are right... wait till all lines line up and then enter with confidence.

I welcome comments to make it even better. I played around overlaying a few different indicators. I am sure some of the guru's on here will be able to overlay even safer, quicker indicators.

Here is 4H GBP

I forgot to mention I use MA's :

WMA Linear weighted 3 Close SpringGreen
and
WMA Linear weighted 4 Open MeduimOrchird

Could you mark on the above day and 4 hour chart where your entry points would be, not sure I can see them, especially on the daily.

So on the above 4hr chart entry would be at the close of the 3rd up candle is that correct ?

Hi,

thenk you for sharing your indicators. When do you enter in the market? Only when the candles are closed or in the moment when you see a nice setup?

Thanks

Uli

I dont wait for a candle to close, when I see the set up is right, I enter. Beware to enter right before major news etc.

For me its like baking a cake without a recipe and the right amount of ingredients, it will fail. So I wait till all condions are met and then I enter. If you wait too long, the move might be over.

What really increases the probablility of your trade making pips is :

Look at the daily chart : Blue and Pink has crossed for a buy
Look at the 4h chart : Blue and Pink has crossed for a buy
Look at the 1h chart : Blue and Pink has crossed for a buy
Look at the 30 m Chart : Blue and Pink has crossed for a buy

This is true of all indic when the different TF's all say the same direction eg a buy ,and there are no major news coming up shortly plus its a busy time of day to trade I jump in with confidence when all indic lines up.

"So on the above 4hr chart entry would be at the close of the 3rd up candle is that correct ?"

I personally will enter sooner eg somewhere in the 2nd blue candle that is where both LSMA and white line goes in between Blue and Pink.

It is safer to wait till both LSMA and white lines are above 0 ....but I have enough confidence in this indic that when LSMA and white goes in between I enter.

A good plan is to enter on candle 2 and then load up the boat further, big time, at candle 3, as it is a much safer trade.

Dollie

Will study and come back with comments.

Looks good judging on the posts

Have you tested is in different pairs?

Which pairs do you favour for the system?

I trade mainly GBP but I am sure all indic works on all pairs.

I cant see why a certain indicator cant work on a certain pair.

I will not use this indic on really short TF's such as 5 min .. its very choppy and will give false signals.. I do look at the 5 min chart before entering to see if its going up or down currently and then I wait till the 5 min lines up as well to maximise my pips.

How do you set the MA to weighted (WMA)

In my indicators there is only a normal MA
Under inputs it ask MA Method, but there is no options, please help

There aren't any weighted moving averages in this system as far as I can see, just LSMA

Problem solved

There aren't any weighted moving averages in this system as far as I can see, just LSMA

Look at post no 3

Oops, didn't see those, sorry

Looking forward to using your
setup!

Thank You for sharing


FXS

Thanks for the great indicator.
Kindly post the template.

thanks and best regards,

Vasu

Dollie

I developed the template, please check if it is correct.

first of all,i want to thank you for sharing your system. i like it.

and now one question: how about sell signals?

I must say that, in my opinion, you have quite a knack for overlaying
indicators! Were these the default settings for the indicators or did you
reset them?

Nice confirmed entries. And the simultaneous 10/90 OB/OS
PT signal looks really good, too!

I would say that some time should be spent on this very setup before
tweaking it!

Just a Newbie's POV!

Thanks Again, Really!


FXS