Subthread: Dolly 2nd Clone Project - page 44
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Don't mention it...you're most welcome pal
i'm not kidding, those were not a joke, it's proven.
these would be my last recap and post...
see you in your success in the future..
apologize to Ancol, CJA, Hymns and other friends who collaborated and shared on this thread if all my posts were out of the topics, specially thx to CJA... most like your indi, good work man:)
Wish you luck guys keep on learning
CIAO
kaspiranohello kaspirano,
there no need to appologize. indicator just make trade easy. ea make trader much lazy. to control ur emotion not easy.
patient + decipline + not greedy = success
happy trade!
I worked on 1 hour, and stop loss to 40 pips, if i lost, i try to finish the day to + 10
So you use a 40 pip stop loss and a 10 pip target? That's a recipe for disaster. I think your risk/reward ratio is way off balanced. I think if you have a 40 pip stop loss then you should go for AT LEAST 20 pips, if not more.
Here I attach the full package of Dolly Graphics #10 System. This version user can choose either want to use "Open Graphics Mode" or not. Default setting is "Open Graphics Mode"
Just set Using_OpenGraphics to 'false' from Dolly Graphic #10 input parameters to switch between "Open Graphics Mode" to "Dolly Graphics v10 Mode".
Dolly Entry & Exit Rules
PAIR: Any
BUY
1) GMACD - main trend H4 & D1 (for Major Trend) - GREEN color (Up Trend)
2) Guppy Line - Make sure Blue Line Above Red Line.
3) Place Buy Order
3.1) Instant Order : @ Buy Stop-1 Price OR in Blue Area before Buy Stop-1 TP
3.2) Pending Order : @ Price Buy Stop-1, TP @ Buy Stop-1 TP, SL @ Buy Stop-1 SL
SELL
1) GMACD - main trend H4 & D1 (for Major Trend) - RED color (Down Trend)
2) Guppy Line - Make sure Blue Line Below Red Line.
3) Place Sell Order
3.1) Instant Order : @ Sell Stop-1 Price OR in Red Area before Sell Stop-1 TP
3.2) Pending Order : @ Price Sell Stop-1, TP @ Sell Stop-1 TP, SL @ Sell Stop-1 SL
** PLEASE DO READ CJA POST #2
Noise Filter
This filter work for Instant Order.
1. Bollinger Bands (21,2) TF H1
2. Envelopes (21,0.07%) TF H1
3. GMACD2 (8,17,9) TF H1
When price TOUCH or IN SELL/BUY AREA make sure candle below/above mid bands and outside below/above and not touch envelopes. GMACD2 cross down/upwards. Make sure previous candle NOT close inside below/above envelopes. Place orders on next candle.
Dolly 0% & 100% Fibo Lines
PAIR: Any (Please set Fibo_Lines = True)
** This technic will give you 99.9% performance & low risk
To set pending order (normally i'm waiting graph start 'NEW DAY' (6AM - Malaysian time)
BUY
1) Place Buy Stop @ Fibo 100% + 2 pip + Pair Spread
2) SET TP @ 5-10 pip or 0.000 (use trailing for better result)
3) SET SL @ 100% price - 20-30 pip
SELL
1) Place Red Stop @ Fibo 0% - 2 pip - Pair Spread
2) SET TP @ 5-10 pip or 0.000 (use trailing for better result)
3) SET SL @ 0% price + 20-30 pip
* Note:
- Apply both BUY & SELL (usually i place pending order both for all major pair)
- Some Broker min TP is 10 pip
Example Result:
EUR/USD 100% BUY: 10 pip
or
EUR/USD 0% SELL: 10 pip
Now we get 10 pip x 4 major pair = 40 pip
Little Tips Using
PAIR: EUR/USD, USD/CHF, GBP/USD & USD/JPY (other pair not test yet)
To set pending order (normally i'm waiting graph start new day (6AM - Malaysian time)
BUY
1) GMACD - main trend H4 & D1 (for Major Trend) - GREEN color (Up Trend)
2) Guppy Line - Make sure the Yellow,Gold,Orange,Red Below Open Price
3) Set 'BUY LIMIT' @ (SELL STOP-1 Price) - 5 pip
4) Set 'TP' @ 30-60 pip or (BUY STOP-1 Price) or (BUY STOP-1 TP)
5) Set 'S/L' @ (SELL STOP-1 TP) - Spread.
SELL
1) GMACD - main trend H4 & D1 (for Major Trend) - RED color (Down Trend)
2) Guppy Line - Make sure the Yellow,Gold,Orange,Red Above Open Price
3) Set 'SELL LIMIT' @ (BUY STOP-1 Price) + 5 pip
4) Set 'TP' @ 30-60 pip or (SELL STOP-1 Price) or (SELL STOP-1 TP)
5) Set 'S/L' @ (BUY STOP-1 TP) + Spread.
Why use BUY/SELL limit instead of BUY/SELL stop?
1) We can get 65 pip instead only 20 pip during trend correction or we will hit order during trend correction and loss it when correction end.
2) Less stop loss @ below 20 pip (after minus/plus spread) instead of 40 pip
*Note:
- Sometime trend correction will hit this SL tips for GBP/USD. Usually I don't put SL (not recommend). Please refer G#MACD H1 for trend confirmation.
- I don't recommend this tips for newbie and trend correction does't always happen. (you has been warn!)
My Trading Result on Thursday 11, 2007
Dolly Buy/Sell Stop
Buy Stop-1 EUR/USD Hit TP - 40 pip
Sell (manual) EUR/USD Hit SL - 80 pip
Buy Stop-1 GBP/USD Hit TP - 150 pip
Sell (manual) GBP/USD Hit SL - 91 pip
Sell Stop-1 USD/CHF Hit TP - 20 pip
Buy (manual) USD/CHF Hit SL - 62 pip
Buy Stop-1 USD/JPY Hit TP - 70 pip
Sel (manual) GBP/JPY Hit SL - 10 pip
Dolly 0% & 100% Fibo Lines
EUR/USD Buy Stop - 5 pip
EUR/USD Sell Stop - expired
GBP/USD Buy Stop - 5 pip
GBP/USD Sell Stop - expired
USD/CHF Buy Stop - 5 pip
USD/CHF Sell Stop - expired
USD/JPY Buy Stop - 5 pip
USD/JPY Sell Stop - expired
Total: 543 PIP
"This post is part of a comprehensive tutorials to train you to successfully trade currency. Alas, you’ll probably lose money. We all do at first. I’m not liable if, based upon the information you read here, you lose money, make money, turn into a woodchuck, possum, or other furry creature. You have to work hard, study a lot, and dedicate yourself mentally. Don’t ever give up."
LAST UPDATED @ JAN 12, 1:53AM GMT 8+
Dears Kaspirano,
Your system very intersting, do u mind
extra explanation your system? what timeframes and how many pips for SL, TP?
last hope you can share with us about your strategy.
Learn from mistake and learn from you.
sorry, poor english
Thanks
From ocm
ocm_cm@yahoo.com
when Dolly #11?
Thanks
Bolla
I find this. Do Anyones know the password?
Thanks
Bolla
thx
I want Dolly system G10 (BackTest) program
dear ANCOLL, cja, hymns, frantacech, thePipHunter
i want to ask some question with you, about dolly system
why dolly sistem did not use pivot point as center point for buying target and selling target?
thanks before
i think good for today
Please help me.
Could was helped by you I to do posting your indicator here
dear ANCOLL, cja, hymns, frantacech, thePipHunter
i want to ask some question with you, about dolly system
why dolly sistem did not use pivot point as center point for buying target and selling target?
thanks beforejust change input parameter 'Using_OpenGraphics' = False to using pivot as center point.