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Dollie's Safe Pips Indicator

  • #261
  • Jun 27, 2007 1:26pm Jun 27, 2007 1:26pm
Megapips perhaps you or someoneelse could be sp kind and uppload the indicators used and make an template also? it would surley be much apreciated by all us newbies =)
  • #262
  • Jun 27, 2007 9:02pm Jun 27, 2007 9:02pm
Quoting vhek
Megapips perhaps you or someoneelse could be sp kind and uppload the indicators used and make an template also? it would surley be much apreciated by all us newbies =)
Here are a few indicators. Remember that no one indicator is perfect and what we are trying to do is increase the odds. That is why it is important to use several indicators and which ones are your choice. Please paper trade this system for weeks and take notes. Also this is what I did because it works for me. I loaded up all the indicators I wanted to use in 12 pairs and then went back to look for good pip moves at different time frames. Then I made several word files and pasted charts that had these moves. do this for a few weeks and you will have dozens of examples to look at and see what the indicators did prior to the big moves. These work best on M30 and above time frames. The ADX 13 is on your Meta 4 platform. go to insert, indicators, then average directional movement index and then change the settings to 13. the zerolag macd also has a rsi 2 indicator on top of it.
Attached File(s)
File Type: mq4 Macd_Zerolagg.mq4   3 KB | 512 downloads
File Type: mq4 MACD_H4_300_v100.mq4   3 KB | 481 downloads
File Type: tpl a1.tpl   4 KB | 511 downloads
  • #263
  • Jun 28, 2007 12:16am Jun 28, 2007 12:16am
My two trades yesterday using only the Dollie indicator window. I was only able to trade the NY session

EUR$ = +8pips
GBP$ = +10pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euru$ 20070627 dollie 1.jpg Size: 78 KB
Click to Enlarge Name: gbpu$ 20070627 dollie 1.jpg Size: 81 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #264
  • Jun 28, 2007 12:36am Jun 28, 2007 12:36am
hi,

sorry for not posting recently but i`ve had to trade till late, and then rest, hope everyone is doing fine.
  • #265
  • Jun 28, 2007 3:24am Jun 28, 2007 3:24am
Quoting pip pirate 2
Here are a few indicators. Remember that no one indicator is perfect and what we are trying to do is increase the odds. That is why it is important to use several indicators and which ones are your choice. Please paper trade this system for weeks and take notes. Also this is what I did because it works for me. I loaded up all the indicators I wanted to use in 12 pairs and then went back to look for good pip moves at different time frames. Then I made several word files and pasted charts that had these moves. do this for a few weeks and you will have dozens of examples to look at and see what the indicators did prior to the big moves. These work best on M30 and above time frames. The ADX 13 is on your Meta 4 platform. go to insert, indicators, then average directional movement index and then change the settings to 13. the zerolag macd also has a rsi 2 indicator on top of it.
Thank you very much!
Is the indicator explained in this thread?
I will take the weekend to study this hread and take notes!
Is everything you need to know in this thread or do i hafto find information somewhere else to master this strategy?
  • #266
  • Jun 28, 2007 9:46am Jun 28, 2007 9:46am
Quoting vhek
Thank you very much!
Is the indicator explained in this thread?
I will take the weekend to study this hread and take notes!
Is everything you need to know in this thread or do i hafto find information somewhere else to master this strategy?
It's all here. Like I said before, take your time and get the feel for how they all work. the market will be here when you are confident to trade live. paper trade then micro lots then minis. remember: once you have succeeded in making money on a monthly basis with micro or minis, financial freedom is a 6-12 months away. so I am patient until I feel I have it down with small amounts because once you have it, 10k a month is right around the corner.
  • #267
  • Jun 29, 2007 1:19am Jun 29, 2007 1:19am
Hi
good job you are doing here but the problem with trade on Indicators is you have to watch it all time so if someone could add an alert to the combination
to alert when blue and pink crossing would be so helpful .
Thanks.
  • #268
  • Jun 29, 2007 1:39am Jun 29, 2007 1:39am
Quoting king_a
Hi
good job you are doing here but the problem with trade on Indicators is you have to watch it all time so if someone could add an alert to the combination
to alert when blue and pink crossing would be so helpful .
Thanks.
Thanks for the input. The challenge with alarms on this indicator is that there would be too many false signals at every cross. Not every cross is a buying opportunity. If you can write the code it would be welcomed.
  • #269
  • Jun 29, 2007 7:26am Jun 29, 2007 7:26am
Quoting pip pirate 2
Thanks for the input. The challenge with alarms on this indicator is that there would be too many false signals at every cross. Not every cross is a buying opportunity. If you can write the code it would be welcomed.
well I know it would be so much false signal but it will be so easier to follow th charts in different pairs.
well for now I really do not have time even for trading ....well maybe I wrote it later if no one would do it till then
thanks
  • #270
  • Jun 29, 2007 11:08am Jun 29, 2007 11:08am
Hello PIP, I've been doing paper trade for a while over the cable(4HR) and the test looks promisings. But we found over March and February some loss trades, which we want to filter. On those trades, we found that all buyings and sellings took it in overbought and oversold leves were filter OK. Here is my question: do you take trades on those levels?(the problem is: that some good trades are filter too!!)
The other, is related with the timeframes and broker provider; we compared some chrarts posted by dolly and we found that were diferent over 4HR charts. The backtest of this method would be differend rely on which broker do we use?? My broker is on GMT +2.
Excuse me for my English.
  • #271
  • Jul 1, 2007 2:23pm Jul 1, 2007 2:23pm

Could someone try to explain how the adx and the macd are used with this strategy? It would be very helpful.

thanks

ps. please post more pictures with setups! =)

  • #272
  • Jul 5, 2007 12:53am Jul 5, 2007 12:53am
Quoting vhek

Could someone try to explain how the adx and the macd are used with this strategy? It would be very helpful.



thanks


ps. please post more pictures with setups! =)

Sorry everyone but I lost my hard drive last week and now am back. I like the macd for a few reasons. Notice when the bars are almost flat for several time frames, usually 3 or 4. Then a big move is likely to happen. They also tell you when the energy is running out of the move. It is a lagging indicator so it is a little slow. The adx is good when the DI+ and the DI- are moving apart and the other line is in the center. My line is green so when the green line moves between the DI+ and DI-, these two are moving apart with good angle and strength that means that the currency move has some strength. Take snap shots of the pairs that have made good moves and after a while you will see the patterns.
  • #273
  • Jul 5, 2007 1:01am Jul 5, 2007 1:01am
Quoting JuniorTrad
Hello PIP, I've been doing paper trade for a while over the cable(4HR) and the test looks promisings. But we found over March and February some loss trades, which we want to filter. On those trades, we found that all buyings and sellings took it in overbought and oversold leves were filter OK. Here is my question: do you take trades on those levels?(the problem is: that some good trades are filter too!!)
The other, is related with the timeframes and broker provider; we compared some chrarts posted by dolly and we found that were diferent over 4HR charts. The backtest of this method would be differend rely on which broker do we use?? My broker is on GMT +2.
Excuse me for my English.
Personally I do like to see overbought and oversold situations. The pair seem to be tired of going in one direction and may reverse. You must take into account the overall trend and make sure that you are not planning on making massive pips on a reversal of the overall trend. You will see that the different time frames when there is a move have different pip potentials. The bigger the time frame, the fewer the moves but the bigger pip potential. Most of us trade on a meta 4 platform so you might want to use a broker that uses that platform. The charts do change somewhat between brokers. That is why I say all the time that you and everyone else including me have to ultimately figure this out for yourselves. It is a tool and what works right for you will be different than me. Patience and practice.
  • #274
  • Jul 9, 2007 8:27am Jul 9, 2007 8:27am
What happened to this forum? Blanca and I are gone for a week and no one is posting. Isn't anyone making money with it? These are great indicators that work if you work with them and learn. I hope it doesn't die.
  • #275
  • Jul 9, 2007 8:41am Jul 9, 2007 8:41am
Quoting pip pirate 2
What happened to this forum? Blanca and I are gone for a week and no one is posting. Isn't anyone making money with it? These are great indicators that work if you work with them and learn. I hope it doesn't die.
im looking forward to se some more posts/trades in this thread!
  • #276
  • Jul 10, 2007 10:33am Jul 10, 2007 10:33am
Okay if there is still anyone interesting in this incredible system left besides blanca, vhek and me, I will be adding a new and improved dollie this weekend to the post. Let me take the time on the weekend to write the whole thread and all the information with templetes. Remember that you will have to load it and then practice it for weeks before it may make sense. Blanca and I have been studying it for a few weeks and that is why we haven't posted much. Dollie has done it again and made it better. Will be using it with several of the other indicators also. Stay tuned.
  • #277
  • Jul 10, 2007 10:38am Jul 10, 2007 10:38am
I just discover this thread yesterday and spend the whole afternoon going through. What a great system !!!
I install all the indicators and could see on my charts the greats opportunities this morning (unfortunatly I was a little bit too late to catch the moves )
I will give it a good shot at it and try to become familiar with it. I don't see any need for an EA but if somebody can make an alert just based on the cross of blue and pink line it would be way more easier to monitor several pair at the same time. After that it's up to us to look and decide if everything else is in agreement to take the trade or not. I can't do it myself, my comp skills are far away from that !!!
I would like to thanks Dollie for sharing this strategy with us and many others like Pip Pirate 2, Blanca, Golfer ...... for their great posts, explanations, etc. It's a great help to understand.
I hope this thread will not die here as I think it's a great learning tool.
Sorry if my English is not very good, but it's not my mother language.
Al
AL
  • #278
  • Jul 10, 2007 11:08am Jul 10, 2007 11:08am
Hello Blanka and PP,
thanks for the effort. I am looking forward to the "new improved" templates.
I think that many people (like me) are following this thread & using the system. They just are not posting.
Once again, many thanks to both of you and Dollie.
Regards,
Pluto2
  • #279
  • Jul 10, 2007 11:12am Jul 10, 2007 11:12am
Quoting pip pirate 2
Okay if there is still anyone interesting in this incredible system left besides blanca, vhek and me, I will be adding a new and improved dollie this weekend to the post. Let me take the time on the weekend to write the whole thread and all the information with templetes. Remember that you will have to load it and then practice it for weeks before it may make sense. Blanca and I have been studying it for a few weeks and that is why we haven't posted much. Dollie has done it again and made it better. Will be using it with several of the other indicators also. Stay tuned.
PipPirate

I am looking forward to the new templates.
Thanks
  • #280
  • Jul 10, 2007 12:02pm Jul 10, 2007 12:02pm
Quoting pip pirate 2
What happened to this forum? Blanca and I are gone for a week and no one is posting. Isn't anyone making money with it? These are great indicators that work if you work with them and learn. I hope it doesn't die.
Hi Pip, maybe this results can help this forum. I've been doing Backtesting over some currencys pairs and this one sorprise me. I added an Ind made by an guy named, Damiani. He won a 2 nd prize in a EA competition last year. The way is used is: when the green line crosses above the white, we've seen market getting into a trend be it short term or long. When the white crosses above the green we've seen the market begining a range or alredy entered into it, this last signal filtered a lot bad trades; please add this ind on the 4hr charts and do backtested and you would watch what I'm talking about. This ind was add in another forum of forex factory by a master trader named Marketsniper.

Conditions off backtesting:
USDCHF; 4HR; first signal: blue line cross pink; sec sig: CCI(6) above or below 0; Third sig: LMSA bet blue and pink.
This backtesting was taken over close candels(worse scenario); and this results have the Damiani filter added. From Jan 2007
Trades: 40(100%)
Positive: 30(75%)
Negative: 10(25%)

I hope this results could helpfull this system, and everybody have the patient to research and backtest.
Regards to all.
Excuse me for my English.
Attached File(s)
File Type: mq4 Damiani_volatmeter.mq4   3 KB | 543 downloads
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