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Originally Posted by Linuxser
Look at post 50
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Hello Linuxser,
I have bought the WWS trial and I see that dolly v.03 is giving the same SELL or BUY stop signals and take profit stop loss.
The only thing dolly v.03 is not doing is to give a warning for oversold or overbought unless you have added this feature in a newer version of dolly.
My question is how this indicator works? I mean I know it works on breakout of prices but what is the actual rule behind this indicator, what cretiria determines when to set a buy or sell order on a specific price?
Your answer will be much appreciated!
You are great!