Thread: Dolly system
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Old 11-08-2006, 10:45 AM
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Quote:
Originally Posted by jtraderco
my entry on dolly was at 1.9070 (i had signal at that price) at around midnite fxdd time, that was a stop coz i entered at 70 went till 76 if i remember good and then back down to 33 and stop loss was at 44.

on wss i confirm entry was at 69 and stop loss at 29



Now u have to see 2 different things:

first about dollY, I use 30mins(same at 15mins)
I like the system and no system is perfect but this nite(at around midnite fxdd time) I had stop , entry 70 and exit 44 on stop loss.

while on wss changes much if u use 15mins or 30mins. they say their system works better on 30mins and it's true. coz at midnite fxdd i didn't have entry signal coz the wss93(the indicator they give u under) didn't confirm the entry. confirmed the entry this morning at I triggered at 70( 7 am fxdd time) , went down till 33(stop loss was at 29) so didn't exit and then went back up till first trailing stop at 89.

just i wanted to show the 2 different types of trading, and yes systems are some different
I realized Dolly system doesn't rely on any time frame? All the buy and sell areas are the same no matter which TF I switch. For eg, for GBP/USD.. the sell area is always 1.9032 and buy area is 1.9072 for today.
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