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Dean Malone rides again with the D.O.T.S. system


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 trendisyourfriend 
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Who said a trading system should be complicated?

DOTS Method Indicator by Dean Malone Webinar Replay


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 trendisyourfriend 
Quebec Canada
 
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Some results:


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 trendisyourfriend 
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Some more details on the results for one month:


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 theace 
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trendisyourfriend View Post
Some more details on the results for one month:

Looked like a nice idea - a set a forget system that I could operate each day... but just thinking through the maths on these performance tables - and maybe my logic is wrong so happy to be corrected - but the results are not achievable even if you took the same exact trades.

To explain:

To trade T1 and T2 and make the profit in ticks advertised - you would need to trade 2 lots - exiting 1 lot at T1, stop to break even - then taking the remaining lot off at T2. (so far so good)

If you tried this with just one lot - when do you exit after T1 - because this could be the trade that is heading to a full T2 target after a potential retrace that could in theory go back before the entry price before heading back to target T2.

So - I am trading two lots - but the trades that are stopped out before they reach T1 - are effective a 2 lot stop out - where as the stats in the table are reporting these as a single lot draw-down.

If anyone can point our the error in my thinking - let me know - as I said - I like concept.

Cheers


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 Cloudy 
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Curious about Dean Malone, I saw this other page:

The Forex Truth - Dean Malone E.A.S.Y. Strategy (a.k.a. Synergy)


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  #7 (permalink)
 
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 trendisyourfriend 
Quebec Canada
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
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Posts: 4,581 since Oct 2009
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theace View Post
...If anyone can point our the error in my thinking - let me know - as I said - I like concept.

Cheers

It's explained in the video. This is a breakout system inspired by the work of Mark Fisher with his ACD method. I suppose Fat Tails could do such an indicator as i think it's based on the current volatility. Dean is a big fan of the ATR so it's all linked. 'Quel dommage!' it is not available for Ninja :-)


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  #8 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,126 since Jul 2011
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I happened to run across compassFX, Tiyf. There's a new link for D.O.T.S. on the site now:

CompassFX | D.O.T.S Method Indicator for Metatrader 4.0


free download for the indicators for MT4. maybe possible to translate to NT someday.

https://www.compassfx.com/dots/install.html


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Last Updated on November 4, 2014


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