Dolly is Simple and Profitable

Samuro — Wed, 29 Aug 2007 17:12:23 +0000

Two type of Dolly trading system; Dolly pivot and Dolly open. Both have same method, the different is just on where to start drawing price. So we can determine the buy and sell price.

Dolly Open

Start drawing price at open price. The rule is very simple, just enhancing +20 pips and or lessening -20 pips from open price. Then, buy at: open price + 20 pips and sell at: open price – 20 pips. Stop Loss (SL) at open price and Take Profit (TP) at open price “+” or “-” 40 pips.

Dolly Pivot

Start drawing price at pivot point. The rule is very simple, just enhancing +20 pips and or lessening -20 pips from pivot point. Then, buy at: pivot point + 20 pips and sell at: pivot point – 20 pips. Stop loss at pivot point and Take Profit (TP) at pivot point “+” or “-” 40 pips.

Order Example

Dolly Open:
open price = 1.9960
Hence BUY (buy stop) at 1.9980, SL 1.9940, TP 2.0000
Hence SELL (sell stop) at 1.9940, SL 1.9980, TP 1.9920

Dolly Pivot:
pivot point = 1.9960
Hence BUY (buy stop) at 1.9980, SL 1.9940, TP 2.0000
Hence SELL (sell stop) at 1.9940, SL 1.9980, TP 1.9920

Additional Info

Calculate pivot point = ( yesterday high + yesterday low + yesterday close ) / 3
Default for open price is Meta Trader server time.

Dolly MT4 Files

Download dolly open

Download dolly pivot

New Dolly is out now, Dolly version 11

Download Brain Trading System Indicators

Samuro — Mon, 06 Aug 2007 12:02:29 +0000

Have you read my “Brain Trading System” post?!… Before you download this MT4 files, should you read that post.

The .rar file contain all “Brain Trading System Indicators“.

BrainTrend1
BrainTrend1_Sig
BrainTrend1_Stop
BrainTrend1_StopLine
BrainTrend2
BrainTrend2_Sig
BrainTrend2_Stop
BrainTrend2_StopLine
iTrend

Download URL

Learn Forex Online » MT4 Files

Dolly is Simple and Profitable

Download Brain Trading System Indicators