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I have been using Dolly for a few week. I am combining a few strategies I use MTF_CCI with a time frame of 1440 to get the daily overall direction (kind of need a better indicator as it sometimes fails). I also use KIS_AVG to get a sense of the next day hi/lo. Super 8 Filter to get the overall trend. A color changing price indicator to enter long (only when the direction is down and Super 8 Filter is blue. I use e-trailing to lock in 10 pips as lock 5 pips every time it can.
Once I hit the the Dolly Sell or Buy area, I still lock the 10 pips but let e-trailing run with the defaults.
My overall plan is to collect 20 pips per currency per day when possible.
Does this sound logical to the senior members or can I improve on this strategy.
Regards,
JBorgesNM
I have been following this Thread for a while and appreciate the effort and the FREE advice here. In this day of Thanksgiving, thanks to everyone who support the effort here. I have learned more with you that on the dozens of book I have read
To collect 20 pips per day per currency will take some doing and probably never possible, you need a lot more than just an indicator, you need a whole system, money management correct mindset you will need to accept that all systems have runs of losses.
Do you realy want to love me .... do you realy want to make me smile ...... doyou realy want to love me ..... by gorge b . Let it be...let it be ...let it be ...by jhon deer . MTF you better set it wright or it just a preety boy from the corner . kizz ...? do it make any diff ..? Let them rock and roll , some out put is healty...... , risingsun.
My overall plan is to collect 20 pips per currency per day when possible.
Does this sound logical to the senior members or can I improve on this strategy.
Regards,
JBorgesNM
I have been following this Thread for a while and appreciate the effort and the FREE advice here. In this day of Thanksgiving, thanks to everyone who support the effort here. I have learned more with you that on the dozens of book I have read
Collect 20 pips per currency per day?
Impossible! There isn't a system with 100% right.
But Dolly has high probabilty for that! (85% I think)
Then the rest (15%) depend on three important parts of trading.
They are discipline, discipline and discipline.
Named it:
Money management? still need discipline to apply
Psychology? included discipline in it
the third part? .... just look into your soul and ask yourself "Am I disciplined trader?"
Collect 20 pips per currency per day?
Impossible! There isn't a system with 100% right.
But Dolly has high probabilty for that! (85% I think)
Then the rest (15%) depend on three important parts of trading.
They are discipline, discipline and discipline.
Named it:
Money management? still need discipline to apply
Psychology? included discipline in it
the third part? .... just look into your soul and ask yourself "Am I disciplined trader?"
Hope this help!
Yeah, you're right, and don't forget not to be so greedy on your trading
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