Compassfx D.O.T.S. Method

Compassfx D.O.T.S. Method

Dean Malone

Trading Rules :

1. The DOTS Levels are calculated using the Daily Open selected: Australian, Tokyo Midnight New York City, Europe, London, and U.S.
2. You can trade at either the Buy Entry or the Sell Entry levels.
3. Trade at Stop Loss level to exit.
4. Target 1 may allow you to exit partially or completely.
5. Target 2 may offer you the opportunity to leave your full-time position.
6. If the market is still showing Daily Open bias, consider re-entry.

[What does this mean? If price retraces towards the Daily Open but bounces back in the

original direction away from the Daily Open, then consider trading again in the original direction when the Buy Entry or Sell Entry is reached.]

7. Other indicators, such as the Trader Dynamic Index, can be used to confirm market direction or trend.

This version requires that the Broker GMT Time Difference be manually set so that all brokers can use the time session features.

First add it to a chart and you’ll notice the clocks show  at the top left, if your broker time is not showing correctly (compare  it to the time in the Market Watch at the top left of your platform), then make a note of the difference it is to the GMT showing on the cloaks, most brokers are normally ahead of GMT, enter that difference in the ‘Broker_GMT_offset’ Check the time of entry and verification.

Get the latest version now Compassfx D.O.T.S. Method

You can turn the chart clocks off by changing the indicator settings. If you would like to keep them on but prefer a brighter background, that can also be changed.

Forex Trading – Foreign Exchange Course

Are you interested in learning more about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
Most countries, however, float their currencies free from the currencies of other countries. This keeps them in constant fluctuation.