Dollie's Safe Pips Indicator

DZ indicator
I have the following;

extern int RSIPeriod = 14;
extern int BandPeriod = 20;

theres no 5
thanks

It's still a mystery to me, mate, but you can try this if you want. The 5 you're missing is a 5sma (the blue line). Bring up the DZ that you have, and then drag an MA from the Navigator into the DZ window. Set it for 5, colour it Aqua, and where it says "apply to", set it for "previous indicator data".
Now I've tried doing this and it works ok, so have a go and let me know how you go on.
Cheers

eyevoltage
at last I have it, I have dragged the 5SMA onto the DZ
thanks that great

My pleasure, mate.

Cheers

Here is a trade I just got out of for 77 pips. I started on the 1min chart but then switched to the 5min chart after 15 min. This has been a great week to trade to say the least. I wish every week was like this. I would be retired and owning an island in 5 years!!!!

I am very unconventional when I trade as I hardly set a profit target nor do I follow daily supports or resistance. I let the actual price movement tell me when I should get out of a trade. I generally use the EMAs, guppy & Dollies indicator window as my exit tools. Please see the attached chart of a trade I just got out of to see what I mean.

I want to show everyone how I evaluate a new trend and my process for taking a trade or not if the price moves through the GMMA. To me, the toughest call I have is when the price, EMAs and GMMA are all lumped together and then a breakout occurs especially if the price has now shifted through the GMMA. I hope this helps.

The DZ heads-up for this one was over an hour ago, as the green line crossed the blue one. The RSI2/CCI6 was heading down nicely, but the ASH was very sluggish as was the ADX, so it was another waiting game. Entry at the 2nd yellow vertical, as the ASH finally crossed the zero line, roughly at the same time as the lsma3 entered the orange/blue zone. In addition, the ADX and the -DI had already crossed the 40 line and Guppy was starting to show a healthy spread of ST ma's. Principal target was the M2 line, and by the time price had reached that area, Guppy ST's and LT's were nicely separated. However, with lsma3 rapidly approaching the OS zone and an exit from the orange/blue zone, one doesn't want to push one's luck, so it was "get the hell outta Dodge" time!

morning eye
nice trade, I`ve got up my 5min cable chart but your trade times dont marry up with mine are you trading outside the UK?
cheers

Hey jcblcs79.

Great charts, mate, and I thoroughly approve of your style. You've taken this method and moulded it around your own requirements, with some success, and that's how it should be.

Just wanted to ask you how you put those white information boxes on the chart window? It makes it a lot easier to see what's going on when the info is right there next to the action, so to speak. So I'd be grateful for that, mate, if you don't mind.

Look forward to seeing more of your trades (and Derm's, by the way, if he's still around).

Cheers

Hi Eyevoltage and all,

You may remember I have been an observer of this thread since its inception and have been very impressed with the results.

Having studied all of your wonderful charts I have decided that I will make this my main short term trading system however I have been having some problems while backtesting.

I know some of the indicators move around a bit, but I would like to ask you how you avoid the false signals so well, going strictly by the rules I see all of the trades that you take but I also get caught with a fair few entries that don't go anywhere even when the guppies are looking good, I also get caught sometimes by closing a trade when the CCI leaves the zone, but then looking at your chart of the same trade you don't always get out when it first leaves the zone, sometimes its the 2nd or 3rd time.

Sometimes on your charts you have your first yellow line on the latest DZ cross heads up but there are other DZ crosses beforehand, how do you avoid these.

Would you be able to post maybe one or two charts of trades you have taken that haven't worked and have resulted in a loss, or are the charts you post all of the trades you have taken.

This is in no way any criticism of your charts or the system, or your way of trading the system, I just want to get the full picture and am eager to learn more.

I know backtesting isn't accurate but having spent a couple of weeks with it testing candle by candle my results are about 60% profitable, 20% that just don't go anywhere and probably come out even, and 20% that result in a loss, would you say from your experience that is about right, or is your overall success rate closer to your printed charts.

Thanks for your help and keeping the thread going almost single handed until now with the help of the pirate.

Hi again, last chart has a good example, DZ cross heads up with the advantage of green DZ going through bollinger, CCI in zone, ADX showing strength, so we wait for the ST guppies to widen and the AS to cross the zeroline, AS just about to cross the centreline with lsma just about to go into zone where I have placed the green line for entry.

To me it looks identical to your entry point on the next move, how did you avoid the trap of the first one and just take the 2nd one. I know the AS hasn't crossed the centreline and the lsma hasn't gone into the zone, but they are just about to and are in the same position as your entry in the next move, its only after the next candle they go through or not, but we don't know that in advance.

I must state again, no criticism of anything you do or post I just want to learn the subtle signals you may see that keep you out of the first and get you in the second.

Three in a row,,

I eyevoltage, answering for jc, the text is done within MT, just click on the "A" button on the toolbar, go to the 2nd line and type in the text you want, set the font size and colour and your done, when on the chart you can double click it like any line and move it around until its where you want it.

To delete it, either double click and delete, or go into objects and do it from there.

Thanks for that, mate. I was aware of the "A" button but wasn't aware of how to move it around the screen. You learn summat every day!

As regards your questions about the examples I've posted. Where do I start? Well, firstly, regarding my chart this morning.......there's two reasons I didn't take the first trade that you pin-pointed, mate. I know the first reason sounds pretty weak, but I simply hadn't managed to crawl out of bed just then! I spotted the second one just after switching the computer on whilst I was sipping my first brew of the day. Anyway, regarding the first one.......looking at it, I wouldn't have taken it, mate. The simple reason is that, although the signals, as you pointed out, are all pointing towards a good trade, it looked like it was going to be a possible cross-over, so I would have dismissed it. The Guppy LT's were totally compressed right then, anyway, and really you want to see at least the "spine" forming on the right side. By the spine, I mean the dark turquoise 55ma, which is a bit easier to see in cases like this when it's coming out of compression. Which is why I entered the trade I did, WHEN I did......the turquoise ma was starting to show clearly, giving a good indication that Guppy was going to separate. Remember, the LARGEST of the Guppy ma's should also be the FURTHEST away from price, before you consider entering a trade. Trade AWAY from the LT's, and not towards them. Not everybody would agree with that, but I try to keep to that rule.
I'll try and come back later, mate, with further comments.
Cheers for now.

Hello mate, and sorry I didn't reply earlier.

No, I'm not outside the UK. (Although, under THIS Government, who knows these days?) I'm well and truly in not-so-merry olde England. If you're also in England, then I haven't a clue why your chart times don't match mine. The times on my chart are always an hour ahead of what I see at the bottom of my screen anyway, so maybe that's the reason.

Cheers

eyevoltage
thanks for reply
I am also in the UK and as you mentioned I`ve been very close to packing my bags
anyway I will take a look at that chart +1hr
cheers

It looks like I totally misunderstood you.

I see what you mean about why didn't I enter "short" at the green line? Yes, I see what you're getting at now. Must be old age or summat!

The first yellow vertical on my chart below shows where the first indication appeared of a "short" trade (just after the DZ green/blue cross) at the edge of the chart. As you can see in the middle window, the ASH was, at that point, well above the zero line, and the lsma3 was entering the zone at that point. (As the price marched across the screen, of course, both the ASH and the lsma3 moved position, which is very misleading sometimes). If I'd been at the computer watching this, I STILL wouldn't have entered this trade. The reason is simple. Like I hinted before, Guppy plays a big part in our decisions, so it stands to reason that everything must be ok with Guppy before entering the trade. However, it wasn't. Yes, the ST's had crossed below the LT's, but the LT's, although still largely compressed, were still "upside down" for a short trade, if you see what I mean. We need the LT's to "turn over", so that everything is moving in the right direction. Do you see that?
The subtleties of any method of trading can take some getting used to, mate, so I don't blame you for taking it all apart and seeing how it works, so to speak.
Cheers

Thanks eye,

Just an aside, I'm in the UK (or Gordon Brown world) as well, times on the charts are not to do with were you live, it just depends on where the MT package you use gets its feed from, I use MT4 from North Finance which I think comes from russia and is currently 2 hours difference, theres no way of changing this unfortunately.

I think he's surname is very apt with how things are going recently.

You can download Metatrader from ODL securities who are based in London. Their Mt4 is in our (UK) time.

I am posting this to show anyone new to this thread that although this system is very reliable it isn't 100% accurate... NOTHING IS!!! Sometimes the market turns on a dime without any reason. One thing I love about Dollies indicator window is that it screams for you to get out of a bad trade and this is very useful if you scalp. As a scalper I can't afford to have any 20 pip losses. I'll get back to posting positive trades after this.