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Do I understand correctly that for instance today the eurusd buy trigger is at 1.2615 with TP 1 at 1.2635 and SL at 1.2575. This means that we have 20 pips for TP whilst 40 pips for SL. I am still a newbie but a number of traders advice that in order to be profitable the TP has to be greater than the SL.
Sorry if my question sounds stupid but would like your clarification / input.
TP and SL are only in relationship with Money Managemet which is a different matter. That´s why dolly includes TSR indicator with defaults R/R set to 3.
Right now TSR says: Maximun StopLosses, long 16 pips short 13.
dolly indicators ead CPU, almost all the time my cpu is on 100%
can someone fix it ?
Pls, check if there is any other problem and/or what version are you using. The same error was reported by 2 guys but there are many others using the indicator whitout problem.
My PC it´s showing 15/20% with 4 MT open, GTS, Tradestation, Firefox and Explorer.
BTW: I just closed a nice 60 pips trade on GBP with dolly (his sister pampa gives me the exit point at 1.8580 30 pips below dolly second target )
now it is ok, 25 % CPU but often it goes and holds at 100 %
no problems with other programs or indicators
i missed gbp trade but i made 30 pips with usdchf
dolly version is the last one 4.1
maybe my cpu is litle old.... intel 1.7
now it is ok, 25 % CPU but often it goes and holds at 100 %
no problems with other programs or indicators
i missed gbp trade but i made 30 pips with usdchf
dolly version is the last one 4.1
maybe my cpu is litle old.... intel 1.7
Your CPU it´s enough good to run MT.
If we are sure the problem it´s dolly would be some work to Ignacio.
Pls, start a new chart with dolly only and almost 5 tabs and post waht you find.
Quote:
Originally Posted by deepdrunk
Linuxer do you find TS lot better than MT4 ?
are you on Linux ?
Unfortunately I can´t use Linux and trade
BTW: the new version of dolly is almost ready. After a brief talk with ignacio, maybe tomorrow will be available to download.
Thanks Linuxser, your explanation was greatly appreciated.
Thus according to TSR (assuming Maximum Stop Losses still Long 16 pips short 13) it means that the stop loss in case of buy has to be adjusted to just 16 pips.
Do you suggest that the buy/sell trigger & TP should be in accordance to Dolly indicator whilst the SL in accordance to TSR?
Thanks Linuxser, your explanation was greatly appreciated.
Thus according to TSR (assuming Maximum Stop Losses still Long 16 pips short 13) it means that the stop loss in case of buy has to be adjusted to just 16 pips.
Do you suggest that the buy/sell trigger & TP should be in accordance to Dolly indicator whilst the SL in accordance to TSR?
Watermark
An indicator is just an indicator.
TSR is calculating the SL according to R/R. So, if you´re long and the cross have 60 pips room up, and TSR is set to a R/R of 3, your SL would be 20 pips. But, if you choose to use that 20 pips they would be in the right place?
Set the best SL it´s extremly hard.
Maybe, using TSR you will be burned by 2 pips because you set the SL 2 pips above some resistance when you need to set below them.
Maybe you set a hughe SL and lose a lot of money because the trade was against you since the beggining.
Maybe, you need to set the SL above pivot when you´re short.
All the time it´s maybe maybe maybe. Only you can set the best SL for you, Indicators help, a pin bar help, last low help, etc etc.
I believe, the best way is to use a combination. IE: last swing with a few pips above/below.
I personally like tiny SL and trailing stops. Because if I´m in the right side of the trend, maybe I ´ve got some SL hit, but always I can re-enter. I believe hughe SL are for the big boys because they can afford them.
Set the best SL it´s extremly hard.
Maybe, using TSR you will be burned by 2 pips because you set the SL 2 pips above some resistance when you need to set below them.
Maybe you set a hughe SL and lose a lot of money because the trade was against you since the beggining.
Maybe, you need to set the SL above pivot when you´re short.
30 pips below dolly second target )
Linear Mode
