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This is ma first post, but I used to follow the dolly original thread as well as this one too.... I noticed something that the WSS has a parameter that could be used to adjust the starting time based on your broker GMT. I could not find this feature in Dolly. Do not you think that it is an important parameter specially in the open day version?
I'm a little confused looking at your performance stats. Are you taking both positions? For example gbp/usd you're showing a profit on both the sell limit and the sell stop. Doesn't one order cancel the other? Maybe I'm missing something as Im still relatively new to forex.
I'm a little confused looking at your performance stats. Are you taking both positions? For example gbp/usd you're showing a profit on both the sell limit and the sell stop. Doesn't one order cancel the other? Maybe I'm missing something as Im still relatively new to forex.
Thanks for your effort so far.
Lux
1) Check "My Little Tips" for Buy/Sell Limit Order.
2) Dolly Original Strategy. 20 pip entry.
I've read both threads but I think your stats coupled with the following statement...
Quote:
Why I 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
makes it appear confusing. Its seems you're not using 'limit' INSTEAD of 'stop' but rather you're using 'limit' AND 'stop'. Well at least that's what i'm understanding from your explanation. Please correct me if I'm wrong. Again it seems like you're going against the buy/sell zones.
I've read both threads but I think your stats coupled with the following statement...
makes it appear confusing. Its seems you're not using 'limit' INSTEAD of 'stop' but rather you're using 'limit' AND 'stop'. Well at least that's what i'm understanding from your explanation. Please correct me if I'm wrong. Again it seems like you're going against the buy/sell zones.
Lux
I think you talk about my both order (sell limit & sell stop) rite? firstly i make order (gbpusd) sell limit for check either market doing correction. After sell limit going profit pip, i make 2nd order sell stop to take more 20 pip. i hope this is answer you want
I kindly ask for directions how to use the Dolly system.
I have now the indicators and the Template from Post #1.
Could you please point me to the post that actualy explains how to use it? (Entry and Exit rules)
I've looked through the first couple of posts in this and in the original thread
but could not find it.
Any help much appreciated...
Best Regards
If you read from first post in this thread you'll get what you want. Also check my post #3 for another entry/exit rules.
Entry Rules (Buy/Sell)
1) When price @ blue/read area place ur order or see the Buy/Sell Zone Signal.
2) Blue Line Above/Below Red Line (Template Package Post #3)
Exit Rules (Buy/Sell)
Dont Greedy or close @ Buy/Sell Zone TP Price
Linear Mode
