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Dollie's Safe Pips Indicator

  • #301
  • Jul 14, 2007 9:36pm Jul 14, 2007 9:36pm
Here is one for the part timers who can't be at their computers all the time. Also it is for the big thinkers who really understand the power of these indicators and also looking long term. I haven't been trading that long ( less than 3 years which is nothing) but I do understand that someday I will not be trading all the time. Wouldn't it be nice to look at the charts for a little time every day and wait for the big moves? You can make big money that way but it take time to learn and also big stops. So don't do it right away. But look at this chart and move. See how the triple started showing you a long move many days ahead of the move. Also notice that the blue line did go short during this setup but did not touch the pink line. Important. Now look at the green line in dynamic. It told you to wait until it started to go long also. See how the green line stays above the blue line for weeks! Important to notice. May be an indication to stay in the trade. It you did catch this trade you can slowly move the stops up. This is a 300+ pip move. Now also see the ADX 13 is perfect with the green line between the pink and blue. The green line in adx will stay at the top as an indicator that the move is still strong. Since it is a daily chart and this is the pound you must know that the pair will move 100+ of pips a day within this bigger move long so you must practice.
Attached Image (click to enlarge)
Click to Enlarge Name: 10d.jpg Size: 98 KB
  • #302
  • Jul 14, 2007 9:56pm Jul 14, 2007 9:56pm
That is all for now. I will post next week some more examples. But here is what I recommend as I have said a lot: Paper trade! Spend the next few weeks learning how they work and then paper trade and then trade with small lots. Use several indicators at the same time to decide if the trade makes sense. Most of your questions will be answered over time by studying them but I will answer questions in this forum if I have time. Get excited as you can be successful with these. And of course a "BIG shout out" to Dollie for creating the triple and these indicators and system. I am just the follower and student. I really am no one special but I am very serious about winning this game so I study a lot and take many notes every day.

You cannot be disciplined in great things and undisciplined in small things. Brave undisciplined men have no chance against the discipline and valor of other men. Have you ever seen a few policemen handle a crowd? General George S. Patton
  • #303
  • Jul 15, 2007 9:44am Jul 15, 2007 9:44am
I for one will start looking at these indicators this week so as to compare to ones I now use. Almost looks to busy but it is clear that they work together to give clear signals.

Thanks for the work you have put into this and sharing it with us.

kevin
  • #304
  • Jul 15, 2007 3:23pm Jul 15, 2007 3:23pm
Hi PP2
have you got a template you could post with all these indicators applied? I've set my settings as described but when I'm comparing the charts to the one's you've posted they don't seem to match, it's probably me not quite getting it right. And thanks for all the effort your putting in on this thread it's really appreciated
  • #305
  • Jul 15, 2007 6:18pm Jul 15, 2007 6:18pm
Here is another thing I forgot to tell you. Sometimes on some of the time frames the dotted line signals in triple disappear. They just aren't there so don't panic. Check other times with that pair and you will see what is going on. Here are some templates.
Attached File(s)
File Type: tpl 3a.tpl   8 KB | 620 downloads
File Type: tpl 3b.tpl   8 KB | 554 downloads
File Type: tpl 3c.tpl   7 KB | 576 downloads
File Type: tpl 3d.tpl   7 KB | 614 downloads
  • #306
  • Jul 15, 2007 6:26pm Jul 15, 2007 6:26pm
Thanks Pip
  • #307
  • Jul 15, 2007 7:47pm Jul 15, 2007 7:47pm
Quoting kevinsw
I for one will start looking at these indicators this week so as to compare to ones I now use. Almost looks to busy but it is clear that they work together to give clear signals.

Thanks for the work you have put into this and sharing it with us.

kevin
As you point out Kevin all these indicators and lines do look very busy. Two good points: First is you and everyone else should always use what works for you if you are making pips. Don't change because I or anyone else says so. Second, I resisted learning them all at first. But as I stated earlier, I started with one at a time and learned it and then moved on to the next one. It seems to work for me. There are so many ways to make money in forex you have to find the one that works for you and do it.
  • #308
  • Jul 16, 2007 8:36am Jul 16, 2007 8:36am
I noticed that in the charts that you posted that you primarly use the 30 minute time frame. Is it possible to use the 1 hour time frame or do you personally prefer to use the 30 min. Thanks
Live today as if you will stand before God tomorrow.
  • #309
  • Jul 16, 2007 10:11am Jul 16, 2007 10:11am
Quoting Pippy Cent
I noticed that in the charts that you posted that you primarly use the 30 minute time frame. Is it possible to use the 1 hour time frame or do you personally prefer to use the 30 min. Thanks
As I stated, I was using charts that had the clearest lines to illustrate the "perfect looking setup" I could find at the time. Using the H1 chart would be the best as that is what Dollie and Blanca use and I try to use more often. The bigger time frames will probably give the best signals.
  • #310
  • Jul 16, 2007 10:46am Jul 16, 2007 10:46am
I was asked to give specific rules for trading this system so I wanted to post for all to see. I hesitated originally to do this because I don't know if my way of thinking works like everyone else. To me the rules are a series of things happening at the same time but not exactly do 1, 2, 3,etc. You have to look at several of the indicators to confirm the move. Well here goes (and now you'll know I am crazy):

Overall market lookout:

Check the Daily, H4, H1 and M30 charts for all the pairs.
What is the trend today? Is the moves going with the overall trend?
Are there a series of small candles ready to become big?
What time of day is it and is this a normal time to have good moves? Don't be fooled by great signals at the wrong time of day as the moves may be really short.
How does the overall market feel today? Is there a lot of energy in the pairs or is it dead? Careful of the dead times.
Is there a big news event? Careful before news events

On Triple Hull:
What is the blue line doing? Is it moving at a good strong angle long or short?
The Blue RSI is fast and will give many false signals so you must add all the other factors to it before making a trade.
Are the dotted lines following inside with it at the same angle?
Are they all above the zero line?
Is the pink (LSMA) line following? How committed is it and is it going at the same angle? The lsma is slower than the blue RSI line but is it following.
If the pink line is flat stay out of the trade.

Dynamic Zone

Is the green line on the dynamic in the 90 or 10 area? If yes it is overbought or oversold. So when it moves from there pay attention.
The green line moves a little slower than the blue RSI lines but is it also moving in the right direction? How strong is the angle?
Is the green line separated from the blue line in the dynamic zone?
Has the green line broke through the yellow Bollinger bands in dynamic on its way to 90 or 10? Could be good.

Zerolagg MACD

Are the candles in MACD moving in the same direction as you want to go or changing to move that way?
Are there little candles for several time frames ready to explode? This is good.

ADX 13

Are the blue and pink lines separating at a good angle?
Is the green line in adx moving long to show strength in this movement?
Is the green line inside of the pink and blue lines? This is very good.

So you need to use several of these rules (if you choose and they make sense to you) at the same time to make your decision. I have explained many times that I can not tell you when exactly to enter or exit. You alone should make that decision as we all are different.
  • #311
  • Jul 16, 2007 4:11pm Jul 16, 2007 4:11pm
My first trade today on $Y (very slow market to get the feel) after studying the examples and rules. I did look at:

the Tripple - between the lines;
Dynamic - upper part of BB
ADX - blue crossed the purple

I hope it makes sense and comments are very welcome. I know the trade didn't comply with all the rules. I am still not sure about the rules but I am sure I'll get there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20070716 dollie trade 1 initially.jpg Size: 88 KB
Click to Enlarge Name: 20070716 dollie trade 1 exit.jpg Size: 85 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #312
  • Jul 16, 2007 4:17pm Jul 16, 2007 4:17pm
Thank you very much Pip Pirate2 for sharing these indicators, it's very kind of you .
As you are using them since longer than us can you tell us if you have a more successful rate with this one or the first Dollie, and are they equally good on 30' like on most of your examples or another time frame?
It's a little bit difficult to compare your snapshot with my charts because the LMSA "evolve" with time on the whole chart and for example on the first example you show us post 298, you have under your first arrow the blue line on the triple touching the pink, on my chart today it's not the case, the blue line never went that far down (same phenomena on the other examples)
Anyway I will test that mainly on the 30' and 1h and at the beginning with only the triple and Dynamic indicators. When the blue is crossing the pink on the Triple with the dots lines following the move AND the green crossing the blue on the dynamic it seems to be a reliable signal.
I totally undestand your viewpoint concerning giving signals here, but some past statistics would be wecome, and as they are past they are useless to take a trade right away!
Any news from Blanca ? Are her amazing results were with these indicators or the first Dollie?
Good testing and results to everyone.
Al
AL
  • #313
  • Jul 16, 2007 4:33pm Jul 16, 2007 4:33pm
Is it just me or are there others who are having trouble with the Triple hul showing up on the one hour chart?

The window opend and it all shows up in every time frame, but the 1 hour chart has no lines at all in the window. I have closed it and reopened it, I have checked the time settings and I just have an open window with no lines on the 1 hr chart. Jumping from the 30 min to the 4hr chart with out looking at the 1hr chart is not a good idea, or at least not for me because to much is missed.

Any ideas?

Thanks kevin
  • #314
  • Jul 16, 2007 11:01pm Jul 16, 2007 11:01pm
Quoting Sailingalbob
Thank you very much Pip Pirate2 for sharing these indicators, it's very kind of you .
As you are using them since longer than us can you tell us if you have a more successful rate with this one or the first Dollie, and are they equally good on 30' like on most of your examples or another time frame?
It's a little bit difficult to compare your snapshot with my charts because the LMSA "evolve" with time on the whole chart and for example on the first example you show us post 298, you have under your first arrow the blue line on the triple touching the pink, on my chart today it's not the case, the blue line never went that far down (same phenomena on the other examples)
Anyway I will test that mainly on the 30' and 1h and at the beginning with only the triple and Dynamic indicators. When the blue is crossing the pink on the Triple with the dots lines following the move AND the green crossing the blue on the dynamic it seems to be a reliable signal.
I totally undestand your viewpoint concerning giving signals here, but some past statistics would be wecome, and as they are past they are useless to take a trade right away!
Any news from Blanca ? Are her amazing results were with these indicators or the first Dollie?
Good testing and results to everyone.
Al
To answer your questions: Yes I am only using the triple not dollie's anymore and having more success and seeing clearer signals. It does work on time frames above M30. Many people are having a hard time trying to duplicate my examples. All I can say is I don't know how the software works for backtesting but I have heard others complain before about this. Personally I don't care about the past. The indicators do seem to have some slight variation between two users at the same time in real time in the market. Make copies of moves and paste them in a word file for your own review. Blanca is doing excellent and she is using the new indicators. We all get busy and can't post all the time.
  • #315
  • Jul 16, 2007 11:04pm Jul 16, 2007 11:04pm
Quoting kevinsw
Is it just me or are there others who are having trouble with the Triple hul showing up on the one hour chart?

The window opend and it all shows up in every time frame, but the 1 hour chart has no lines at all in the window. I have closed it and reopened it, I have checked the time settings and I just have an open window with no lines on the 1 hr chart. Jumping from the 30 min to the 4hr chart with out looking at the 1hr chart is not a good idea, or at least not for me because to much is missed.

Any ideas?

Thanks kevin
As I stated in a previous post, I too have found that the lines can disappear in certain time frames and I don't know what to do about it. I find it is only with one or two pairs. If you see the dotted lines inside of the 30 min then they are also inside the H1 even if you can't see them.
  • #316
  • Jul 17, 2007 6:16am Jul 17, 2007 6:16am
For the record?

I could not take not seeing the lines on the 1hr chart with the hull indicator and got to messing around. I have found a fix to the problem so here it is, hope it works for you as it does for me.

1. Uncheck the "All timeframes" box
2. check from the 15 minute to the daily including the hourly
3. close it and problem should be fixed.

I have found that "sometimes" the lines will not show up in the 1hr chart and I go to the 30 min chart then back again and they show up for me.

Hope this helps as I like this indicator the best.

kevin
  • #317
  • Jul 17, 2007 10:04am Jul 17, 2007 10:04am
Again I use the M30 only as an illustration to show what I call a perfect setup for triple hull and dynamic. See on the long move that triple let you know something could be coming. The dotted lines are inside of the blue and pink and the pink then moves long and has good angle. Then the green in dynamic is excellent with angle and separation from the blue. Then the reverse short isn't as pretty but you could have known that that move was possible.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 96 KB
  • #318
  • Jul 17, 2007 10:10am Jul 17, 2007 10:10am
Again just another example. Look at the far left and see that long move. That is a beautiful triple hull chart and the green from dynamic says go. Now the blue line on triple did go short and cross the pink line which may have signaled to get out of the trade. but look at the green dynamic. It never touched the blue line but did continue to go long. Signal to stay in if you want to. The doji candle at the top of the move could be a reason to close the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 11a.jpg Size: 93 KB
  • #319
  • Jul 18, 2007 7:17am Jul 18, 2007 7:17am
Quoting pip pirate 2
I was asked to give specific rules for trading this system so I wanted to post for all to see. I hesitated originally to do this because I don't know if my way of thinking works like everyone else. To me the rules are a series of things happening at the same time but not exactly do 1, 2, 3,etc. You have to look at several of the indicators to confirm the move. Well here goes (and now you'll know I am crazy):

Overall market lookout:

Check the Daily, H4, H1 and M30 charts for all the pairs.
What is the trend today? Is the moves going with the overall trend?
Are there a series of small candles ready to become big?
What time of day is it and is this a normal time to have good moves? Don't be fooled by great signals at the wrong time of day as the moves may be really short.
How does the overall market feel today? Is there a lot of energy in the pairs or is it dead? Careful of the dead times.
Is there a big news event? Careful before news events

On Triple Hull:
What is the blue line doing? Is it moving at a good strong angle long or short?
The Blue RSI is fast and will give many false signals so you must add all the other factors to it before making a trade.
Are the dotted lines following inside with it at the same angle?
Are they all above the zero line?
Is the pink (LSMA) line following? How committed is it and is it going at the same angle? The lsma is slower than the blue RSI line but is it following.
If the pink line is flat stay out of the trade.

Dynamic Zone

Is the green line on the dynamic in the 90 or 10 area? If yes it is overbought or oversold. So when it moves from there pay attention.
The green line moves a little slower than the blue RSI lines but is it also moving in the right direction? How strong is the angle?
Is the green line separated from the blue line in the dynamic zone?
Has the green line broke through the yellow Bollinger bands in dynamic on its way to 90 or 10? Could be good.

Zerolagg MACD

Are the candles in MACD moving in the same direction as you want to go or changing to move that way?
Are there little candles for several time frames ready to explode? This is good.

ADX 13

Are the blue and pink lines separating at a good angle?
Is the green line in adx moving long to show strength in this movement?
Is the green line inside of the pink and blue lines? This is very good.

So you need to use several of these rules (if you choose and they make sense to you) at the same time to make your decision. I have explained many times that I can not tell you when exactly to enter or exit. You alone should make that decision as we all are different.
Hi PP2

I have a few questions: Why do you call it triple Hull? I thought Hull is a specific indicator. At least on other charting services it is.

On Dynamic zone: I think it is dangerous to look at osilators concerning overbought and oversold. The only time that can be remotely reliable is in a range bound market. In a trending market you will almost always burn your fingers. A much better setting will be a line at 50, that way if the RSI is above 50 the sentiment is long and if below 50 the sentiment is short.

ADX: A good idea is to look when the -DI, +DI and ADX lines are below 20, that normally is an indication that the market is ranging and not trending.

Keep up the good work.

Regards

Silver
  • #320
  • Jul 18, 2007 8:29am Jul 18, 2007 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1h.jpg Size: 95 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd5min.jpg Size: 92 KB


Attached File(s)
File Type: tpl kldollie 4.tpl   7 KB | 544 downloads


I loaded a few images with my template.
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