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Dollie's Safe Pips Indicator

  • #241
  • Jun 24, 2007 2:29am Jun 24, 2007 2:29am
Hi Icfxtrader

I've tried to reply to your PM but the message came back that you've exceeded your stored private messages quota and can not accept further messages until they clear some space.

I'll try again later.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #242
  • Jun 24, 2007 5:20am Jun 24, 2007 5:20am
Hi guys

I have been part of a group who have been trading successfully now. Well not as successful as most using this sytem. We are in a chat room in Skype all day long, some from Tokyo open some from London and some from Us open. So we are parctically in the room 24/7.

I think it would be a great idea fro all using this sytem to join into the chat room. That way when one sees a trade oppurtunity arise, we can quickly comfirm it with each other, live.

Look me up on skype, 'spiritbreezer', it's the only one. AndI can add you guys to the room, or if someone want to start a new room dows not matter. We are quite a large group, experienced guys, some working in trading houses, so we get some inside info sometimes.

Good trades to all for the week.
  • #243
  • Jun 24, 2007 10:07am Jun 24, 2007 10:07am
I saw some discussion earlier on exits, and I have been using a combination of the 5 and 12 MA's with an ADX (2) cross. If I am with the 4 hr trend, I'll tend to stick with the ma's for more pips, but if it is bucking the trend, but still a good looking set-up, I will follow the ADX which tends to get me out quicker. RSI (21) can keep you in a trend for a long time as well. I have them all on my charts and keep an eye on them all. No hard and fast rules, mostly discretion.
Life is too short to have anything but delusional notions about yourself.
  • #244
  • Jun 24, 2007 6:23pm Jun 24, 2007 6:23pm
Quoting Pluto2
Dollie, PP or Blanka,
I hope that one of you can help me and FXSurfer. Just like FXSurfer in post#25, I have the same problem - the zero line for CCI is not centered between the RSI 10 & 90. In some posts the zero is centered and lately in PP's posts the zero is not centered. I do like the system very much, but this issue is confusing me. Can anybody confirm what is the correct setting? Nobody had the answer for FXSurfer, I hope that I will get the answer.
Thanks.
Happy piping to all.
Pluto2
I don't know Pluto2 about how it appears to not be centered. Looking back on my charts and current graphs, things seem to be fine. Dollie is the indicator queen as I am just a follower and do what she has shared with the group.
  • #245
  • Jun 24, 2007 11:26pm Jun 24, 2007 11:26pm
i hav an idea! mayb blanca can help us on this. blanca please can u tell me the mt4 broker u r using so i can get their server file. so just like u have been doing, when u enter a trade, give us the price at which u entered, but this time let us know if it is at the bid or ask price i.e for a short or long.

so what i will do is at the end of d day, i whill use strategy tester in visual mode which shows the movement tick by tick like its in realtime, to pinpoint exactly when u entered and exit. i will then post the chart to show ur exact point of entry like it was in realtime so people can c n understand it.

this is because posting a chart after the trade has been done is very misleading.... due to the overlay of the indicators (always changing positions when u scroll bak or zoom).

hope im making sense?

for starters, u can post ur template so i can use ur exact settings. thanks
  • #246
  • Jun 25, 2007 12:36am Jun 25, 2007 12:36am
Quoting geezng
i hav an idea! mayb blanca can help us on this. blanca please can u tell me the mt4 broker u r using so i can get their server file. so just like u have been doing, when u enter a trade, give us the price at which u entered, but this time let us know if it is at the bid or ask price i.e for a short or long.

so what i will do is at the end of d day, i whill use strategy tester in visual mode which shows the movement tick by tick like its in realtime, to pinpoint exactly when u entered and exit. i will then post the chart to show ur exact point of entry like it was in realtime so people can c n understand it.

this is because posting a chart after the trade has been done is very misleading.... due to the overlay of the indicators (always changing positions when u scroll bak or zoom).

hope im making sense?

for starters, u can post ur template so i can use ur exact settings. thanks
--
I second that geezng, I noticed that the LSMA moves up and down if you move the chart back and forth, so yes it is a bit misleading. I am looking for direction in this area as well.
  • #247
  • Jun 25, 2007 12:45am Jun 25, 2007 12:45am
Quoting akhan
--
I second that geezng, I noticed that the LSMA moves up and down if you move the chart back and forth, so yes it is a bit misleading. I am looking for direction in this area as well.
I'll 3rd it!
Thanks!

FXS
  • #248
  • Jun 25, 2007 10:33am Jun 25, 2007 10:33am
Hi geezng,
thanks for looking into it .
  • #249
  • Jun 25, 2007 12:48pm Jun 25, 2007 12:48pm
My first trade today on EURU$ using the HelloDollie system (in a very slow day). 10pips profit - not to bad for a start.

Still need to learn a lot and get a feel for a longer time frame trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eur$ dollie 20070625 1.jpg Size: 74 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #250
  • Jun 25, 2007 1:00pm Jun 25, 2007 1:00pm
Quoting Golfer
Good to see all the familiar names in this thread. I've talked to HelloDollie on Skype last week and I decided to give this method a go.

I backtested the system on the Cable using a 1h chart with a 30pips SL for each trade. I just took the possible trades (all possible trades - not just the safe trades) in the London & NY session (7H00-20H00GMT)(when I am able to trade).

The results were unbelievable!

43 trades in total
31 positive trades (72%)
7 negative trades
5 BE trades

Total of 962pips profit.
Average = 38pips profit per trade

Just some interesting stats. These results are just a rought backtest and didn't really take the spread into account. But it will give you a indication of the success of the system.

Well done Dollie!! and I'll talk to you during the week.
Hi golfer , congratulations! You are the first one in this thread, who mention results about backtesting this method. That’s the first step that everybody who want’s to trade on live, have to do.
Just like you I’been doing paper trading since Octuber of 2006, but with all the filters on the absolute strenght index(just the safe trades) and the results were amazing. The problem of doing this, is that you don't really reconized where is the price, when all the filters are ok. For each trade I had to take the next candle after all the filters were ok.
Do you know how can I backtesting this system using the strategy tester in mt4?
I'm not a system programer.

Excuse me for my English.
  • #251
  • Jun 25, 2007 1:37pm Jun 25, 2007 1:37pm
Quoting JuniorTrad
Hi golfer , congratulations! You are the first one in this thread, who mention results about backtesting this method. That’s the first step that everybody who want’s to trade on live, have to do.
Just like you I’been doing paper trading since Octuber of 2006, but with all the filters on the absolute strenght index(just the safe trades) and the results were amazing. The problem of doing this, is that you don't really reconized where is the price, when all the filters are ok. For each trade I had to take the next candle after all the filters were ok.
Do you know how can I backtesting this system using the strategy tester in mt4?
I'm not a system programer.

Excuse me for my English.
Hi Jun

That was the way I've done it. I took the opening of the next candle as my entry and close of the candle were the exit signal appeared. SO I think my results are the "worst" scenario. I just made sure that 30pip SL was not triggered.

I've tried the Strategy Tester but didn't manage to get it up and running - I think I need more time with it. Never used it before therefore I am not familiar with it but it seems like one needs a EA.

Lets see how it goes on a demo account. I was also very impressed with the degree of accurate trades. Like any other system - there will be negative trades.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #252
  • Jun 26, 2007 4:19am Jun 26, 2007 4:19am
1st u have to go to tools->options menu. enable expert advisor. pls make sure u disable live trading if u r using a live account.

next u make sure u save the dollie template.

open strategy tester, u can use any ea, it doesnt matter. make all necessary settings n click start.

immediately it starts, u can then load d dollie template. u can use the slide bar on the visual mode to adjust the speed of the candles. i have attached an image. hope it helps. u dont have to do anything as regards the seting of the ea.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 52 KB
  • #253
  • Jun 26, 2007 9:41am Jun 26, 2007 9:41am
Quoting geezng
1st u have to go to tools->options menu. enable expert advisor. pls make sure u disable live trading if u r using a live account.

next u make sure u save the dollie template.

open strategy tester, u can use any ea, it doesnt matter. make all necessary settings n click start.

immediately it starts, u can then load d dollie template. u can use the slide bar on the visual mode to adjust the speed of the candles. i have attached an image. hope it helps. u dont have to do anything as regards the seting of the ea.
Hi Geezng, I'll try it. Thanks for your help!
  • #254
  • Jun 26, 2007 11:45am Jun 26, 2007 11:45am
Quoting geezng
1st u have to go to tools->options menu. enable expert advisor. pls make sure u disable live trading if u r using a live account.

next u make sure u save the dollie template.

open strategy tester, u can use any ea, it doesnt matter. make all necessary settings n click start.

immediately it starts, u can then load d dollie template. u can use the slide bar on the visual mode to adjust the speed of the candles. i have attached an image. hope it helps. u dont have to do anything as regards the seting of the ea.
Hi Gee

From my side - also thank you. I'll give it a try.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #255
  • Jun 26, 2007 1:41pm Jun 26, 2007 1:41pm
Nailed this one on the EURAUD today. It seems the best set-ups are when the lsma comes from either up high or down low and crosses either the rsi line or the absolute line and there is nice separation between these lines as in the picture.
Attached Image
Life is too short to have anything but delusional notions about yourself.
  • #256
  • Jun 27, 2007 10:04am Jun 27, 2007 10:04am
Quoting HelloDollie
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
I want to set up my chart but i dont understand RSI 2. Is the indicator named rsi 2? i have an indicator named RSI is that the correct one? And if then what should my value be? its current value is 14

is the instruction on the first page of this page still correct or have they changed?
  • #257
  • Jun 27, 2007 10:15am Jun 27, 2007 10:15am
The rsi value should be 2, that's why it is rsi 2. I think you can find the template somewhere.

Quoting vhek
I want to set up my chart but i dont understand RSI 2. Is the indicator named rsi 2? i have an indicator named RSI is that the correct one? And if then what should my value be? its current value is 14

is the instruction on the first page of this page still correct or have they changed?
  • #258
  • Jun 27, 2007 11:09am Jun 27, 2007 11:09am
Quoting MegaPips
The rsi value should be 2, that's why it is rsi 2. I think you can find the template somewhere.
juhp thanks! i found it =) but when i check recent post made in this thread they have an rsi window and another indicator on it. are those indicators also found and explained in this thread? im only at the beginning of the thread.

=)
  • #259
  • Jun 27, 2007 11:16am Jun 27, 2007 11:16am
Hi, other indicators are added by each traders to their own ease I think. Some are discussed, but you can use any other filters to suit your style. I personally use and prefer adx indicator in a window.

Quoting vhek
juhp thanks! i found it =) but when i check recent post made in this thread they have an rsi window and another indicator on it. are those indicators also found and explained in this thread? im only at the beginning of the thread.

=)
  • #260
  • Jun 27, 2007 11:47am Jun 27, 2007 11:47am
Hi blanca, good to see you here, where were you? We miss your daily trade comments.
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