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Dollie's Safe Pips Indicator

  • #161
  • Jun 15, 2007 9:18am Jun 15, 2007 9:18am
Thanks blanca, really appreciate it. I always tend to peek through smaller timeframes when I place an entry, that really confuses me about the direction of the trend, now I realise entry on a fixed timeframe is far better. Thanks and looking forward to your contribution as always.

Quoting blanca
sure mega,

i use a 30 pip stoploss always, never trade without it, lol.
the exit i dont use smaller timeframes because they tend to change every now and then and finally i can get confused. so when the signal in the 1hr appears to exit i do it.

i use a 1hr chart in currencies like cable, euro, yen, gbpjpy, eurjpy they move a lot.

Yesterday the small losses were due to the lack of move, when a day like that happens, 1hr has small losses, that happens in any system, i will post charts tommorrow because even though i am trading still dont feel so well, some headaches during the day, but you can start searching yesterdays trades when you see signals in 1hr, then they loose. that is all.

One observation about cable during the news.-
Watch how most of the way it went up during the news is already coming down, news are always unpredictible and still is missing the consumer sentiment today, so i`ll just watch and enjoy the fireworks.
  • #162
  • Jun 15, 2007 10:24am Jun 15, 2007 10:24am
Final exit of eurjpy +86 pips, so total for today 186 pips

Cable and euro in ny session gave two long signals good for around 40 pips each
  • #163
  • Jun 15, 2007 12:31pm Jun 15, 2007 12:31pm
Considering other so many strategies, I can see this method outstands well to give much more pips each day according to blanca's trades. If everyone is as much accurate as blanca, no doubt trading will be a joy.

Quoting blanca
Final exit of eurjpy +86 pips, so total for today 186 pips

Cable and euro in ny session gave two long signals good for around 40 pips each
  • #164
  • Jun 15, 2007 12:46pm Jun 15, 2007 12:46pm
I am unable to overlay the indicators in a single window. Can anybody help plz or post a correct template.

Thanks.
  • #165
  • Edited Jun 16, 2007 3:25am Jun 15, 2007 12:53pm | Edited Jun 16, 2007 3:25am
Here is the template, you need to have all the indicators (in the very 1st post), in metatrader indicator file anyway. This template works fine now.


Quoting antariks
I am unable to overlay the indicators in a single window. Can anybody help plz or post a correct template.

Thanks.
Attached File(s)
File Type: tpl dollie_v1.tpl   2 KB | 714 downloads
  • #166
  • Edited 4:09pm Jun 15, 2007 1:53pm | Edited 4:09pm
just read thru d thread, looks very promising.

thumps up 2 every1.
i think i understand the system but im not 2 sure cos i have not traded it b4.
please blanca since u r getting very gud results culd u post some of ur charts so we can understand it better n view it from your own perspective. what do u do when a major news is coming n u r already in a trade? do u close d trade before the news or u set a tight stop loss n c where it goes from there?

also is any1 using the modified adx2 filter dollie posted? if u r, culd u please post the template.

also, mayb i missed it, but do u trade on candle close i.e enter or exit at open of next candle after signal or u just hit the market order imediately u c a signal. please confirm

thanks again
  • #167
  • Jun 15, 2007 6:43pm Jun 15, 2007 6:43pm
I have esignal and I was wondering if there was an equivalent to the absolute strength indicator because they don't appear to have one. Or, where I could download the indicator?
  • #168
  • Jun 15, 2007 6:59pm Jun 15, 2007 6:59pm
Blanca, do your trades go over a day or two or is you Entry and Exit the same day.
  • #169
  • Edited 11:40pm Jun 15, 2007 11:27pm | Edited 11:40pm
Quoting MegaPips
Here is the template, you need to have all the indicators (in the very 1st post), in metatrader indicator file anyway.
Thanks a lot mate.
But I think the LSMA is missing there.
  • #170
  • Jun 16, 2007 12:07am Jun 16, 2007 12:07am
Quoting srjaffe55
I have esignal and I was wondering if there was an equivalent to the absolute strength indicator because they don't appear to have one. Or, where I could download the indicator?
You will find the indicator on post #87. Good luck
  • #171
  • Jun 16, 2007 12:13am Jun 16, 2007 12:13am
Quoting geezng
just read thru d thread, looks very promising.

thumps up 2 every1.
i think i understand the system but im not 2 sure cos i have not traded it b4.
please blanca since u r getting very gud results culd u post some of ur charts so we can understand it better n view it from your own perspective. what do u do when a major news is coming n u r already in a trade? do u close d trade before the news or u set a tight stop loss n c where it goes from there?

also is any1 using the modified adx2 filter dollie posted? if u r, culd u please post the template.

also, mayb i missed it, but do u trade on candle close i.e enter or exit at open of next candle after signal or u just hit the market order imediately u c a signal. please confirm

thanks again
The ADX indicator is part of your meta 4 trading platform. I can't open my platform now that the market is closed but it is at the top I believe under insert. then change the initial setting to 2. I have just started to use it. It is a very fast indicator that needs some time to study it. As we always say here, paper trade this system for a while to understand it. If you go thru all the posts you will see enough examples of what dollie's indicators are supposed to look like before a trade. Entry and exit timing are a fine art and you will learn your method with practice. Sometimes you wait for the candle to finish but most of the time you just know it's time to get in or out.
  • #172
  • Jun 16, 2007 12:15am Jun 16, 2007 12:15am
Quoting antariks
Thanks a lot mate.
But I think the LSMA is missing there.
You'll find the LSMA indicator on post #1
  • #173
  • Jun 16, 2007 1:00am Jun 16, 2007 1:00am
I have the lsma but how to place it on the same window of other indicators?

It is opening up in a separate window.
  • #174
  • Jun 16, 2007 3:21am Jun 16, 2007 3:21am
Hi, Try this template, sure this will be fine.


Quoting antariks
I have the lsma but how to place it on the same window of other indicators?

It is opening up in a separate window.
Attached File(s)
File Type: tpl dollie_v1.tpl   2 KB | 549 downloads
  • #175
  • Jun 16, 2007 6:01am Jun 16, 2007 6:01am
Quoting pip pirate 2
The ADX indicator is part of your meta 4 trading platform. I can't open my platform now that the market is closed but it is at the top I believe under insert. then change the initial setting to 2. I have just started to use it. It is a very fast indicator that needs some time to study it. As we always say here, paper trade this system for a while to understand it. If you go thru all the posts you will see enough examples of what dollie's indicators are supposed to look like before a trade. Entry and exit timing are a fine art and you will learn your method with practice. Sometimes you wait for the candle to finish but most of the time you just know it's time to get in or out.
thanks for the reply. pls what do u do before, during or after a major news event with this system?
  • #176
  • Jun 16, 2007 7:11am Jun 16, 2007 7:11am
Quoting MegaPips
Hi, Try this template, sure this will be fine.
Yeah this is just perfect. Thanks.
  • #177
  • Jun 17, 2007 5:57pm Jun 17, 2007 5:57pm
Quoting geezng
thanks for the reply. pls what do u do before, during or after a major news event with this system?
Ah, what do you do? That is a good question and I don't mean to make fun of it. Personally I don't play news events right as they happen any more. I've lost too much money. Spreads from brokers get wide and getting filled is a crap shoot. I now look for the trend many hours before the news and see if it is worth it to enter the trade with the trend. Then you can set your stops at break even if you are up enough or a small potential loss. Depending on the pair and the news event, you can then come out ahead or small loss. If you are right you do really well. It is interesting if you have noticed that many times the market has decided which way it wants to go regardless of the data. If the trend ( say on a daily or H4 chart) is strong, at some time after the news the trend will likely resume. So my strategy is either get in hours before or wait until the dust settles and then get in. I encourage everyone to take notes and charts of what the pairs do several days before a big event and see if there is a trend developing ahead of the news. I am starting to believe that the smart people make their money before the event and close their trade right before the news. Look at the pound pairs last week. Last week is filled with gbp news and the gbp/jpy moves 500 pips and the gbp/chf moves 250. The euro moved 80 pips like I said it might also.
  • #178
  • Jun 18, 2007 2:43am Jun 18, 2007 2:43am
thanks pippirate for your reply. today the the 1st time im oberserving the dollie live n i need some help concerning the candles.

i am using the 1hr chart n i discovered that the indicator in 1 moment can give a long signal n within the twinkle of an eye it gives u a short signal within the same candle. so how do u now make ur decisions before candle closes.

attached is an example below:

the chart is gj 1hr. about 32mins to the close of the candle it gives an exit signal n in the second chart the same candle about 28mins to the close of the same candle it says to stay inthe trade! n i think it is even possible for it to give a short signal before the same candle closes! pls how do u manage this.

or is it that when u talk of not waiting for a canle to close, u mean maybe about some few mins e.g. 5 or few seconds befor candle closes when there is an established trend?

pls blanca i would appreciate ur opinion on this since it seems u r making consistent pips with the system.

thanks again
Attached Image
  • #179
  • Jun 18, 2007 2:44am Jun 18, 2007 2:44am
this is the same chart n same candle!
Attached Image
  • #180
  • Jun 18, 2007 3:00am Jun 18, 2007 3:00am
In fact it only showed a long signal in gbpjpy 1hr, the key is to look at the lsma green between the blue and red lines, try to use the adx 2 in order to keep the trade safe, it is the cross of blue and red which tells if its a sell or a buy signal.
We had long signals in gbpjpy , gbpusd +45 and +40 each one.
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