I decided to give Dollie a new fresh start after my initial success. And I've decided to go back to some of th initial rules. I've done some manual back testing over the weekend on the EUR$ and decided on the following rules:
1. On the first indicator window, the Blue line must cross the Orange line and should be on top (buy signal).
2. The Isma should enter the area between the blue en orange line as indicated with the arrow.
3. The white dotted line should also be in between the blue and orange line (not in this example)
4. On the second indicator window, ADX lines should be in line for long signal (blue above red) and Isma should enter the area between the lines from below as indicated by the arrow. The ADX index line should be above the 25 line.
5. Stay in the trade as long as Isma stays greeen of within area between blue and orangle line. Or when Isma enter overbought area.
6. I've decided to put my SL at 15pips and take half my profit after 12pips profit. Them move SL to BE.
7. Exit as indicated on Bullet 5.
I am still working on the Guppy.
This trade didn't really work out as planned and I decided to exit "too early" - it was my first trade after backtesting and I wasn't sure of myself. The chart is as I exit the trade. But then look at the second chart - the chart changes as it develops further. So don't ignore the chart after you decided to exit. There could be another trade in it.
At a later stage I want to use a longer time frame.
1. On the first indicator window, the Blue line must cross the Orange line and should be on top (buy signal).
2. The Isma should enter the area between the blue en orange line as indicated with the arrow.
3. The white dotted line should also be in between the blue and orange line (not in this example)
4. On the second indicator window, ADX lines should be in line for long signal (blue above red) and Isma should enter the area between the lines from below as indicated by the arrow. The ADX index line should be above the 25 line.
5. Stay in the trade as long as Isma stays greeen of within area between blue and orangle line. Or when Isma enter overbought area.
6. I've decided to put my SL at 15pips and take half my profit after 12pips profit. Them move SL to BE.
7. Exit as indicated on Bullet 5.
I am still working on the Guppy.
This trade didn't really work out as planned and I decided to exit "too early" - it was my first trade after backtesting and I wasn't sure of myself. The chart is as I exit the trade. But then look at the second chart - the chart changes as it develops further. So don't ignore the chart after you decided to exit. There could be another trade in it.
At a later stage I want to use a longer time frame.
Attached Image(s) (click to enlarge)
Willem
Forex recipe for success = Patience, discipline & hard work.
