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when we actually look manually at the chart, how are really the conditions/rules that we follow.
For eg to place a Buy Order Instantly,
There are 2 situations (assuming the thrend is upthrend)
1) Price falls from Buy Area to the Buy Stop Point
2) Price rises from the Channel area to the Buy Stop Point
In this case, do we open the trade from Condition 1 or Condition 2?
And if these conditions are important, any experts here can enlight me on how to code something like this?
The only method I can think of is to store the price 10 mins ago somewhere so that we could compare it.
Wether the price is falling from buy area or rises to buy area.
I hope that I could explain in a clear and concise way for people to understand what I am talking about.
To set pending order (normally i'm waiting graph start 'NEW DAY' (6AM - Malaysian time)
BUY
1) Place Buy Stop @ Fibo 100% + Pair Spread
2) SET TP @ 5 pip or 0.000 (use trailing for more performance)
3) SET SL @ 100% price - 20 or 30 pip
SELL
1) Place Red Stop @ Fibo 0% + Pair Spread
2) SET TP @ 5 pip or 0.000 (use trailing for more performance)
3) SET SL @ 0% price + 20 or 30 pip
Little Tips Using
SELL
1) GMACD - main trend H4 & D1 (for Major Trend) - RED color (Down Trend)
2) Guppy Line - Make sure the Yellow,Gold,Orange,Red Above Open Price
3) Set 'SELL LIMIT' @ (BUY STOP-1 Price) + 5 pip
4) Set 'TP' @ 30-60 pip or (SELL STOP-1 Price) or (SELL STOP-1 TP)
5) Set 'S/L' @ (BUY STOP-1 TP) + Spread.
Can someone here please help me ... for the little tip dolly.... " Guppy Line - Make sure the Yellow,Gold,Orange,Red Above Open Price" what does this mean? Cause i dont see line color like that in the chart... can some one post an example?
And for the Fibo 100%... does that means when price touches fibo 100%.. we open trade and take 5 pips buy?
maybe if you read my first tread all of you can find out that i'm a newbie here
for this couple day i already done my homework, read all the previous tread (more than 150 i guess)
but i still have a vew question, hopefully i can get some help
do we have to wait until the day closing (00.00 GMT) to put a stop order. or we can put a few hour early? i deal with a problem to connect at 23 till 10 GMT?
there is still something bother me, is it make sen to take only 20 pip with sl 40 (it ratios is half ). and how if in one single day both of our stop entry(buy and sell) hit but the price move sideway at the tunnel and both of our sl are hit we will lose 80 pip in a single day and we need 4 day consecutive win to breakeven (daily target 20 pip)?
one more question why the entry point range from the daily opening price, tp and sl are the same for every currency pair, seem we must use a larger one for more volatile pair like GU
From what I understand, the Dolly will calculate the BUYs and SELLs for you at GMT 00:00 time. Based upon the suggested BUYs and SELLs printed on the left hand side, you can enter your positions based upon that for the open.
I do not know how you can put in the S/L hours earlier not unless you are using the Dolly for intraday trading. I do not believe Dolly was meant to be for intraday trading, correct me if I am wrong?
Yes, the S/L does not justify the TP, but its better to make PIPs than to lose PIPs or even get stopped out especially if we are with the trend. I think if we all knew that we can make double out S/L then we wouldn't need to worry what our TP is, but that is not the case. Dolly does not attempt to perform any type of pattern recognition to project price into the future.
As for the SL and TP of all pairs, the code does not fine tune anything for each of the currency pairs as far as I know. You can set the SL and TP to whatever you feel comfortable with. Its purpose is to get you PIPs based upon the PIVOT or OPEN depending upon your settings.
Can someone here please help me ... for the little tip dolly.... " Guppy Line - Make sure the Yellow,Gold,Orange,Red Above Open Price" what does this mean? Cause i dont see line color like that in the chart... can some one post an example?
And for the Fibo 100%... does that means when price touches fibo 100%.. we open trade and take 5 pips buy?
Since dolly is a clone of WSS we should implement the same metod of entry
with the EA for example if there is no way of using GMACD as filter then we should implement the filter that it uses WSS9.?
it is based on a series of 4 colors (historygram) if it is RED trend down strong (SELL) if it is BLUE trend up strong (BUY)
light blue & the orange one trend i's up or down but not strong any way does not clean the method of entry
Thre is also other EA based in WSS (ARTEMIS)
and they were using a similar method of entry
). and how if in one single day both of our stop entry(buy and sell) hit but the price move sideway at the tunnel and both of our sl are hit we will lose 80 pip in a single day and we need 4 day consecutive win to breakeven (daily target 20 pip)?
Linear Mode
