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Dolly Trading System


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Hello Guys,

Here is a very nice system for u, Just try and post result here are the rules

 

Things to consider with G#MACD

 

NEVER Trade against the H1

 

Look for a steep angle and good separation on the lines - the best moves are when the lines go through the zero level at a steep angle

 

The histogram gives an early warning of direction and strength

 

Look for DIVERGENCE on the higher timeframes

 

If H1 & H4 are turned in the same direction then moves of 120 to 200 plus are on with the GBP

 

If H1 & H4 are against each other then moves of 80 to 100 pips for the GBP

 

M15 shows the medium moves

 

M5 and M1 are used to fine tune the entries, wait for the M5 to just turn if possible confirmed with a slightly previous M1 turn in the same direction this way even if you are wrong generally you will get out of the trade with a small loss or a small profit. M5 moves can show anything from 10 pips to 60 pips or more depending on the day.

 

Below the zero level is downward pressure and above the zero level is upward pressure

 

If the M15 is on the zero level and almost parallel to it usually the H1 is fairly flat as well this means the market has no real direction DO NOT TRADE.However the longer this situation continues generally the larger and more explosive the move when it comes - this is a situation often seen on the trading day just before NFP is posted.

 

The M15 G#MACD moves back to the zero level after a large move, this is NEUTRALISATION and not a directional indication or DIVERGENCE it is merely the indicator resetting - After it reaches the zero level then what happens is important.

 

Dolly Entry & Exit Rules

 

PAIR: Any

 

BUY

1) GMACD - main trend H4 & D1 (for Major Trend) - GREEN color (Up Trend)

2) Guppy Line - Make sure Blue Line Above Red Line.

3) Place Buy Order

3.1) Instant Order : @ Buy Stop-1 Price OR in Blue Area before Buy Stop-1 TP

3.2) Pending Order : @ Price Buy Stop-1, TP @ Buy Stop-1 TP, SL @ Buy Stop-1 SL

 

SELL

1) GMACD - main trend H4 & D1 (for Major Trend) - RED color (Down Trend)

2) Guppy Line - Make sure Blue Line Below Red Line.

3) Place Sell Order

3.1) Instant Order : @ Sell Stop-1 Price OR in Red Area before Sell Stop-1 TP

3.2) Pending Order : @ Price Sell Stop-1, TP @ Sell Stop-1 TP, SL @ Sell Stop-1 SL

 

Noise Filter

This filter work for Instant Order.

 

1. Bollinger Bands (21,2) TF H1

2. Envelopes (21,0.07%) TF H1

3. GMACD2 (8,17,9) TF H1

 

When price TOUCH or IN SELL/BUY AREA make sure candle below/above mid bands and outside below/above and not touch envelopes. GMACD2 cross down/upwards. Make sure previous candle NOT close inside below/above envelopes. Place orders on next candle.

 

Dolly 0% & 100% Fibo Lines

 

PAIR: Any (Please set Fibo_Lines = True)

** This technic will give you 99.9% performance & low risk

 

To set pending order (normally i'm waiting graph start 'NEW DAY' (6AM - Malaysian time)

BUY

1) Place Buy Stop @ Fibo 100% + 2 pip + Pair Spread

2) SET TP @ 5-10 pip or 0.000 (use trailing for better result)

3) SET SL @ 100% price - 20-30 pip

SELL

1) Place Red Stop @ Fibo 0% + 2 pip + Pair Spread

2) SET TP @ 5-10 pip or 0.000 (use trailing for better result)

3) SET SL @ 0% price + 20-30 pip

 

http://www.4shared.com/file/yYCWI6GJ/DOLLY2_Metatrader_.html

 

Thanks will be appreciated

 

Mustafa

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20100725-rczq-136kb

Anyone tell me plz how can I upload screen shots?

You need to upload your jpeg image to a file hoster.

 

Then you prepare your posting with the Go Advanced button.

This "Insert Image" button is not working correctly.

But somehow the screenshot appears ( have no idea why it appears double ).

 

The forum software is not good.

 

I managed to display the image by typing the address of the uploaded image like this (actually copied it from the file-hoster):

http://i31.tinypic.com/vh6wx3.jpg

%5B/img%5D%20%20

 

http://i31.tinypic.com/vh6wx3.jpg

 

http://de.tinypic.com/r/vh6wx3/3

http://de.tinypic.com/r/vh6wx3/3

http://my.jetscreenshot.com/3823/20100725-rczq-136kb

 

 

http://my.jetscreenshot.com/3823/20100725-rczq-136kb

Edited by fxeasy5
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