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Dollie's Safe Pips Indicator

  • #901
  • Aug 15, 2008 5:46pm Aug 15, 2008 5:46pm
"Stop coming to the forum?" I've been "coming to the forum" for 2 more years than you have. Sadly, your ignorant statements show that you are as smart as your username.

Yeah Paris, I can't handle FACTS.... which is exactly why I fabricated this whole lie.... your 7 of 10 successful trades should be taken as ultimate truth.

Quoting Paris Hilton
Then you should stop coming to this forum if you don't want to hear facts. It's obvious you are a struggling trader with a diminishing trading account. If you have nothing constructive to add stay far away from this thread. We don't need you.
  • #902
  • Aug 15, 2008 9:43pm Aug 15, 2008 9:43pm
Thanks Paris
Really appreciate your insight. Think I need some more demo trades to get a feel of how this work.
And yeah, scalping is always poor in R/R ratio. Guess it's just becoz dollie-stoch can up the edge

Thanks
Happy Trading! Houston
  • #903
  • Aug 18, 2008 2:26am Aug 18, 2008 2:26am
I'm liking the look of this system, I was wondering whether the previous active participants (EyeVoltage in particular) were still using the system, and whether 5M or 15M is the most appropriate TF

The lsma seems to be an almost useless component of the system in realtime, as EyeVoltage pointed out some time ago. As an example, during last week's weakening of GBP - the end of the first 5M bar of GBPJPY after the BOE inflation report showed lsma as being extremely oversold, yet scroll on an hour or 2 and it was overbought on the same bar. It's up and down more than a bride's nightie!

I like the rest of the system though, particularly the almost simultaneous zero crosses of the RSI and CCI, this seems to bring some real trading opportunities

Andy B
  • #904
  • Aug 19, 2008 10:38am Aug 19, 2008 10:38am
Quoting Andy B
I'm liking the look of this system, I was wondering whether the previous active participants (EyeVoltage in particular) were still using the system, and whether 5M or 15M is the most appropriate TF

The lsma seems to be an almost useless component of the system in realtime, as EyeVoltage pointed out some time ago. As an example, during last week's weakening of GBP - the end of the first 5M bar of GBPJPY after the BOE inflation report showed lsma as being extremely oversold, yet scroll on an hour or 2 and it was overbought on the same bar. It's up and down more than a bride's nightie!

I like the rest of the system though, particularly the almost simultaneous zero crosses of the RSI and CCI, this seems to bring some real trading opportunities

Andy B
Hi Andy
I've actually asked eyevoltage the exact ques on PM. He seems to be taking a more simplistic approach. You can find his latest post over in this thread. Hope he doesn't mind me answering his question
http://www.forexfactory.com/showthread.php?t=98028

About the LCMA, personally, I tried very hard learning dollie 1, so I am still used to seeing LCMA sticking in the middle. Yes, it's somewhat useless at times but it gives me a little more confidence...

Houston
Happy Trading! Houston
  • #905
  • Aug 20, 2008 8:54am Aug 20, 2008 8:54am
I remember saying that the lsma3 indicator annoyed the hell out of me, because of the way it seemed to jump around all the time. Additionally, when used as an entry signal for a "short" trade, it seemed like it was saying "get in" about half-way down the move, if you see what I mean. It was a bit better signalling entry for a "long" trade. However, I found it to be an excellent EXIT indicator.

Which is why, when I was using Dollie/Guppy on a regular basis, I started relying on the RSI2/CCI6 combination, and waiting for the CCI6 to enter the "zone", before pulling the trigger. A lot of the time, this happened whilst lsma3 was still making its mind up!

So, basically, for a long trade, take the CCI6 and lsma3 into account.....they seem to work better in long trades. For short trades, rely on the CCI6, whilst keeping an eye on lsma3. However, for both long AND short trades, watch for the lsma3 leaving the zone. It's usually a good signal.

Bear in mind that this isn't carved in stone. It's just what seemed to work for me at the time.

Cheers
  • #906
  • Aug 22, 2008 12:50pm Aug 22, 2008 12:50pm
How is everyone doing with the dolly indicator? I have now developed my trading plan with my dolly stochastics method and have been making money and pips hand over fist. I'm only trading ny session and i don't trade a half hour before or after news announcements. I'm hitting about a 75% success rate. I'm only using the 5 min time frame on the eur/usd for live trading. I set my take profit to 10 pips and stop loss at 15 pips for the scalp! Today i was up about an hour before ny session and i went 3 for 3 today for a nice +30 pips profit. There's usually at least 1 trade every day. it won't make you rich overnight but it will make you profitable guarnateed! Even if you win just 2 out of 3 you'll still make profit. Some days you'll have no losses. I wait until the guppy is opening up and beginning to trend in one direction. If the guppy is bouncing back and forth there is no trade. You'll be trading off the retracement. This is the best scalping method i have. I use the guppy i posted on this forum ( attachment) plus i add the 20 ema and 30 ema to complete it. Then i wait for stochs to either touch 80/20 line or go into over sold/bought and start to turn. Then i look for the rsi to cross the absolute line and enter right at the begiining of the next candle and set my tp and sl. Then i walk away and check back 10-15 minutes later. It works like vodoo for a nice 70% strike rate at least on eur/usd. I haven't had a losing day yet! If you can't make money with this you need to hang up your scalping shoes. Paris
  • #907
  • Aug 22, 2008 2:13pm Aug 22, 2008 2:13pm
Hi Paris,

It would be very useful if u could post an example, particularly re the guppy opening up. You can get false signals on the indi itself, it would be gr8 if u showed visually what u look for, in the guppy, indi plus stochs in the right sequence.

Thanks Paris.

Pardy
  • #908
  • Aug 22, 2008 6:38pm Aug 22, 2008 6:38pm
I agree with Pardy. TIA!
  • #909
  • Aug 22, 2008 6:44pm Aug 22, 2008 6:44pm
be sure to tell us about your first 10 consecutive losses with the same vivacity. honestly, stop filling the newb's heads with these outrageous claims of guaranteed profits and "easy as pie" mindsets.

Quoting Paris Hilton
it won't make you rich overnight but it will make you profitable guarnateed! .... If you can't make money with this you need to hang up your scalping shoes. Paris
  • #910
  • Aug 25, 2008 1:32am Aug 25, 2008 1:32am
Hi All,

I am still learning Paris way of using dollie. However, there is an example from today's chart that can illustrate what Paris mean on the entry signal.
Notice the three red arrows.
1) Guppy starts to open in it LT direction
2) Stoch turning away from overbought
3) Wait for the dollie cross
Then two red lines show the entry and 10 pip+spread exit
Attached Image
Happy Trading! Houston
  • #911
  • Sep 9, 2008 4:38pm Sep 9, 2008 4:38pm
anyone still using this method?

from what I remember it repainted the lsma like a mutha f*cker

was a very intriguing system tho
  • #912
  • Sep 9, 2008 4:51pm Sep 9, 2008 4:51pm
Quoting leeshindig
anyone still using this method?

from what I remember it repainted the lsma like a mutha f*cker

was a very intriguing system tho
The repainting of the lsma was the reason I rejected it. In very strong trends it is useless. The recent decline in the JPY pairs was a great illustration. A big drop in price showed the lsma as extremely oversold. Look back at the same chart a couple of hours later and the lsma was strongly overbought at the same point it was previously strongly oversold.

Backtesting is worse than useless, and forward testing is expensive!

Andy
  • #913
  • Sep 10, 2008 11:25am Sep 10, 2008 11:25am
This system still works well if you use it with other supporting tools, like xMeter, Probability meter those sort. From my understanding, some of the good traders of this method, like Paris Hilton, Eyevoltage... have dropped the LSMA.
Happy Trading! Houston
  • #914
  • Sep 25, 2008 9:52am Sep 25, 2008 9:52am
Can someone post a template of the newest, successful version of this method?
  • #915
  • Dec 6, 2008 10:03am Dec 6, 2008 10:03am
hi,

please where do i get the cci6 indicator. if it is possible please can u tell me.

Thanks,
ra
  • #916
  • Dec 6, 2008 4:21pm Dec 6, 2008 4:21pm
Hi,
Please can u tell me the how do i get overlay the indicators. if it is possible.

Thanks,
Ra
  • #917
  • Dec 21, 2008 2:00am Dec 21, 2008 2:00am
Quoting ravulapalli
Hi,
Please can u tell me the how do i get overlay the indicators. if it is possible.

Thanks,
Ra
To create an overlay of two indicators or more.. first add the
first indicator to your chart. Then go to view and navigator. Click
to open your custom indicators (if a custom indicator is what you want to use) and select it and just hold down your mouse and drag it over and on top of the first indicator. You can do that with more indicators if need be to set up your custom indicator window/overlay

Brian
  • #918
  • Sep 2, 2010 3:25pm Sep 2, 2010 3:25pm
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

[font=Arial][size=2]Overlay...
sorry im not sure how to overlay the indicators with mt4
  • #919
  • Sep 2, 2010 3:30pm Sep 2, 2010 3:30pm
Quoting golden1
to create an overlay of two indicators or more.. First add the
first indicator to your chart. Then go to view and navigator. Click
to open your custom indicators (if a custom indicator is what you want to use) and select it and just hold down your mouse and drag it over and on top of the first indicator. You can do that with more indicators if need be to set up your custom indicator window/overlay

brian
thank you very much for your help
  • #920
  • Nov 7, 2010 6:48pm Nov 7, 2010 6:48pm
I am trying out this indicator; and sorry if I am missing something which would make this a dumb question; but I just have to ask the following:

When looking at a one hour chart I cant help but notice that when I zoom out the deep pink absolutestrengthhistogram line appears to change level!! what? Am I missing something? I thought this was only supposed to happen if I switched to another time frame for instance

I do hope that its just something I dont get; because otherwise the system would appear to be useless

I hope someone with a clue can reply; thank you
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