D.O.T.S. Method Indicator v5
Contents
1. x 151 134 5 day ADR 153 BT2 151 11 30 min Trend Down 150 959 Spread 4 8 a ee ee ee ee jn BT1 150 86 oe 150 614 uy 150 55 150 439 150 264 150 089 149 914 149 739 pa a a heel a ieee iia E a hon 149 564 149 219 149 044 29 Jul 2013 UJEA T DORR Jul 02 30 30 Jul 06 30 30 Jul 10 30 30 Jul 14 30 30 Jul 18 30 30 Jul 22 30 2015 CompassFX All rights reserved v 5 0 26 D O T S Method Indicator Indicator Options Corner Display Settings Custom Indicator DOTS Method v 4 Common Inputs Colors Visualization jab sComer Comer Display Setting jab c0 0 Upper Left jab c1 1 Upper right ab c2 2 Lower Left i ab c3 3 Lower right 123 Comer 0 Color Settinos Corner Select the corner of the price chart for the Display to appear This parameter allows the user to adjust the descriptive DOTS and Trend Direction display The default parameter is in the upper left corner under the currency pair shown below To adjust the corner setting enter the number of choice and double click OK 2015 CompassFx All rights reserved v 5 0 27 D O T S Method Indicator Indicator Options Color Settings Variable _ Value Another option is the ability to modify the colors for Session_Open_Color C White Session_Separator_Color Wi Gray Each DOTS Level i Clock Color i vace z Spread_Color I Green Text Levels2. 2 Change the security permissions on the MT4 directories within Program Files Right click on a MT4 Program File Select Properties Click the Security tab Then click Edit Select Users and then check Full Control red arrow If you change the security so that normal users can write and delete these directories then file virtualization no longer kicks in n Permissions for FXDD MTXtreme Object name C Program Files FADD MT Xtreme fi FXDD MTXtreme Properties General Sharing Security Previous Versions Customize Object name C Program Files FXDD MTXtreme Group or user names J CREATOR OWNER A SYSTEM a Administrators Dean PC Administrators B Users Dean PC Users 82 TrustedInstaller Allow Deny Full contral Modify Read 4 execute List folder contents List folder contents Read Write For special pemissions or advanced settings CAETEE Leam about access control and pennissions 2015 CompassFX All rights reserved v 5 0 42 D O T S Method Indicator Troubleshooting To change your User Account security permissions cont d 3 Turn off User Account Controls Look in the lower left corner of the desktop and click Start Select Control Panel Select User Accounts Select Change User Account Control Settings Then move the slider bar down to Never Notify In effect this turns off User Account permission and allows MT4 to run properly fr
3. 4 Hours H4 U 2012 11 15 13 00 1 0309 1 0317 1 0306 1 0317 91 oo KS Daily 01 2012 11 15 12 30 1 0308 1 0315 1 0306 1 0308 82 m Seer 2012 11 15 12 00 1 0312 1 0315 1 0307 1 0307 86 E cancre ma a 2012 11 15 11 30 1 0321 1 0374 1 0308 1 0313 162 3 E capiey 2012 11 15 11 00 1 0324 1 0328 1 0320 1 0320 170 E cHrpy 2012 11 15 10 30 1 0329 1 0331 1 0322 1 0325 198 oe 2 FURAUD 2012 11 15 10 00 1 0320 1 0337 1 0315 1 0328 258 fl Eunn an xl W 7017 11 15 109 0 1 0375 1 0337 1 0319 1 0371 2774 E e e e e text _ m aoe 2015 CompassFX All rights reserved v 5 0 D O T S Method Indicator Troubleshooting After downloading the data via the History Center close and re open the MT4 platform Open a new chart and re apply the DOTS indicator In some instances a MT4 broker may not provide enough data for a specific time frame In this case use a higher intraday chart If your computer is a Mac there may not be a Page Up key In some instances hold the Fn key and press the Up arrow key to page up If this does not work refer to your computers manual 2015 CompassFx All rights reserved v 5 0 38 D O T S Method Indicator Troubleshooting I still have Not enough bars in chart alert and MT4 will not go back in time any further Why You may need to reset the Max bar in chart to a higher number To set the number of bars on the chart follow these steps Go to the top
4. 0 90635 9 Awg 2013 9 Aug 09 00 REEN Au 17 00 9 Aug 21 00 If the price bars or candles appear larger than normal the magnification of the chart may be set to high Click the Zoom In Zoom Out functions in the top menu bar to see less or more of the chart By zooming out the chart should reset and the DOTS price levels been seen aal Also adjust Level Text Shift indicator option discussed in the Indicator Options section 2015 CompassFX All rights reserved v 5 0 14 D O T S Method Indicator Adjust the Right Margin Setting At times the price movement of a currency pair will extend beyond the range of the chart for the prices shown This will cause only a few DOTS levels to appear The solution is to click and drag the prices in the far right margin down to adjust the vertical scale as shown below or change the time frame of the chart File View Insert Charts Ge A lee AUDUSD M15 0 91950 0 91977 0 91918 0 91918 BT1 0 9217 D 0 T 5 CompassFX 1 33402 13 New York Open 8 00AM i 5 day ADR 111 xia 15 min Trend Up Spread 1 8 0 80311 0 86023 0 92194 Buy 0 9191 Navigator H A Accounts a E Indicators a Expert Advisors m Custom Indicators SSL 0 91772 EA Accelerator 9 Aug 15 00 9 Aug 20 00 9 Aug 22 00 tii 1885 4 kb One final solution is to scale the chart to match the price range of the market Select Properties by clicking on the F8 key Select the Common
5. USDCHFx M15 Save Profile 6 Enter anew profile name in the Save Profile window l E Enter new profile name op DOTS New York Open 7 When that Profile is required click File select Profiles then select the save Profile H52 10 Compass FX MT4 Client Terminal Demo Account EURUSDx M15 File View Insert Charts Tools Window Help NOTE Modifying charts in a leme ele alelo OB Profile will overwrite and save changes permanently Save As Save As Picture a USDJPYx M15 ISD EURUSDx M15 GBPUSDx Mi5 AUDUSDx M15 USDCHFx M15 USDCADx M15 USDJPYx Mi5 DOTS New York Ope 2015 CompassFxX All rights reserved v 5 0 30 D O T S Method Indicator DOTS Guppy Trade Hundreds of traders use the intelligence of the D O T S Method Indicator to assist them in their trading as it was designed to work with any trading system However we have found that many traders don t have a consistent trading system that gives them an edge in their trading We discovered the DOTS Guppy Trade from a client who is an experienced trader and previous floor broker He referred to this strategy as the perfect match By using the Guppy Multiple Moving Averages as a smart filter traders can decipher market direction and momentum and look to enter the market when the DOTS entry levels are aligned with the Guppy Multiple Moving Averages From the response of hundreds of client
6. tab Locate and check Scale Fix This will allow you to adjust and position the chart vertically and horizontally Properties of AUDUSDx M15 EA ES V Show OHLC I Show Ask line l Show period separators Show grid 0 92170 Fixed maximum i Scale fix One to One IV Scale fix 2015 CompassFx All rights reserved v 5 0 15 D O T S Method Indicator Indicator Options Index List of Indicator Settings amp Options Session Settings Session Open Settings Lookback Number of Days Alert Settings Buy Sell Entry Alert Alert Pips to Entry Guppy Filter Alert Display Settings Display Font Size Show Session Label ADR Number of Days Show Trend Show Spread Level Settings Level Width Level Font Size Level Text Shift Extend Lines Show Session Open Show Session Separator Show ADR Levels Show Previous Session High Low Show Targets in Pips Clock Settings Corner Display Settings Color Settings 2015 CompassF x All rights reserved v 5 0 17 18 19 20 20 20 21 21 21 21 21 22 22 22 23 23 23 24 24 24 25 26 27 D O T S Method Indicator Indicator Options The DOTS Method indicator is designed with a number of settings Session settings Alert settings Display settings Level settings Clock settings Corner Display settings Color settings 2S a a This is a snapshot showing all the options and parameters ab Custom _Indicator D 0 T S Method jab Cl
7. History Center GBPUSD H4 I 5 Minutes M5 E 15 Minutes M15 63 30 Minutes M30 5 iHour H 5 4Hours H4 S Daily 01 Weekly Ww J Monthly MN CADCHF 2012 11 15 16 00 2012 11 15 12 00 2012 11 15 08 00 2012 11 15 04 00 2012 11 15 00 00 2012 11 14 20 00 2012 11 14 16 00 2012 11 14 12 00 2012 11 14 08 00 2012 11 1404 00 2012 11 14 00 00 2012 11 13 20 00 2012 11 13 16 00 2012 11 13 12 00 2012 11 13 08 00 2012 11 13 04 00 2012 11 13 00 00 lla 2012 11 17 30 00 If the time frame preferred is gray select that time frame and double click it to collect historical data from the broker In some instances continuous clicking will collect additional data History Center AUDUSD M30 Symbols Database 13407 records FX Solutions Ope Low Close Volume D Forex 2012 11 15 18 00 1 0330 1 0334 1 0330 1 0334 36 E AUDCAD 2012 11 15 17 30 1 0331 1 0334 1 0328 1 0329 27 AuDCHF 2012 11 15 17 00 1 0329 1 0332 1 0326 1 0332 71 F auDsPY 2012 11 15 16 30 1 0329 1 0332 1 0329 1 0330 36 D E aono 2012 11 15 16 00 1 0328 1 0331 1 0325 1 0330 65 z gp my 2012 11 15 15 30 1 0315 1 0331 1 0313 1 0329 105 B lt 3 5 Minutes M5 2012 11 15 15 00 1 0327 1 0327 1 0316 1 0316 100 B E 2049 44 15 14 30 1 0328 1 0330 1 0324 1 0328 65 7 15 14 00 1 0326 1 0329 1 0320 1 0329 64 z 5 1Hour Hi SRPA 15 13 30 1 0318 1 0331 1 0315 1 0327 95
8. Prev_Day_High_Color e3 Level_Width 3 Prev_Day_Low_Color ed Level_Font_Size 9 ADR_High_Color WB Dark Orchid liza Level_Text_Shift 3 ADR_Low_Color WE DarkOrchid A Extend _Lines true z Show _Session_Open tue ZA Show_Session_Separator true FA Show_ADR_Levels true zA Show_Prev_Session_Hi_Lo true 4 Show_Targets_In_Pips true 2015 CompassFx All rights reserved v 5 0 17 D O T S Method Indicator Indicator Options Session Open Setting This option allows the user to choose which trading session open time to show the DOTS levels In DOTS v5 the user can select each session by setting a true On or false Off condition The default setting is true for all trading sessions except the Broker Daily Open The Broker Daily Open is shown at 0 00 on the MetaTrader 4 0 chart However the broker s server time may vary For example one broker may start a new day at 5 00 PM Eastern while another starts a new day at Midnight Eastern Both will show 0 00 as the respective Daily Open This can be quite confusing for traders To simplify the time settings DOTS v5 has built in time settings based on New York time 1 Broker Daily Open Broker start of new day 2 Australian Open 5 00 PM New York 3 Tokyo Open 7 00 PM New York 4 Midnight NY Open 12 00 AM New York 5 European Open 2 00 AM New York 6 London Open 3 00 AM New York 7 New York Open 8 00 AM New York Review t
9. 03 15 151 432 151 562 151 383 151 523 1267 2013 07 18 03 00 151 425 151 491 151 346 151 435 1485 2013 07 18 02 45 151 472 151 511 151 371 151 423 948 2013 07 18 02 30 151 498 151 511 151 434 151 473 496 E uspcapx 2013 07 18 02 15 151 524 151 545 151 457 151 497 700 i BLuencurey zl A 2013 07 13 02 00 151 577 151 671 151 495 151 573 572 2013 07 18 04 00 151 62 151 569 2013 07 18 03 45 151 49 151 674 151 477 151 619 A 2013 07 18 03 30 51 51 151 522 151 434 151 490 2013 07 18 03 15 151 43 151 562 151 383 151 523 2013 07 18 03 00 151 42 151 491 151 346 151 435 B 2013 07 18 02 45 1 472 151 511 151 371 151 423 2013 07 18 02 30 151 511 151 434 151 473 A na NTR ATG 1671 0794 161 CAQ 1601 ACF 101 407 Eep 2015 CompassFX All rights reserved v 5 0 Installing D O T S in MetaTrader 4 0 After purchasing or updating the DOTS Method indicator an email was sent to you with a Software Key You will be prompted to enter this Software Key and the Email Address used when registering for DOTS during the installation process The DOTS Method indicator is designed specifically for the MetaTrader 4 0 platform with Build 765 or later Follow the steps outlined on page 5 of this manual to check the Build number IMPORTANT f a MetaTrader 4 0 platform has a Build number less than 765 the MetaTrader 4 0 platform may crash freeze or not respond when installing the DOTS Method Indicator In this case close the applicat
10. 0500 5 Dec Goo SDe 271 6 De 1 6 De 1M 6 Dec 71 00 The DOTS indicator uses a DLL Dynamic Link Library file to get the local time of your computer in order to compare the broker s server time to the Session _Open_ Setting parameter The red alert reads DLL is not allowed Go to the top menu bar Select Tools Select Options Under Expert Advisor tab check Allow DLL imports Close and reopen the MT4 platform 2015 CompassFx All rights reserved v 5 0 34 D O T S Method Indicator Troubleshooting Why do I get Not enough bars in chart red alert The number one reason for most issues related to DOTS indicator is a lack of historical data The DOTS Method indicator requires adequate historical data to run properly To resolve a historical data issue we included a red letter alert that will appear on your chart Here is an example USDSGD MIS 1 22054 1 22056 1 229046 1 22051 1 22245 Not enough bars in chart Turn off AutoScroll 1 22205 Press Page Up Key repeatedly until this message disappears TE Then press the End Key and the DOTS levels should appear J If not clase and re open chart Re apply DOTS to chart j i a ii 1 22125 1 22085 free ee e 1 22005 huf h a 1 21925 1 21585 121845 1 217805 121765 6 Bec 2017 6 Dec 07 15 6 Dec 09 15 6 Dec 11 15 6 Derc 13 15 6 Dec 15 15 6 De 17 15 Dec 19 15 6 Dec 21 15 The red alert reads Not enough bars in chart Turn off Auto Sc
11. line is to defaulted to White If using white background change the color before selecting this option Show Session Separator Displays vertical line at start of the Session Default set to true USD Ys M15 D 0 T 5 CompassFx Aussie NZ Open 5 00PM Eastern 5da ADR 110 BT2 99 26 SSL 98 90 BSL 98 82 Session xis ae Separator lial SER 08 45 SAug 0245 SAug 0445 S Aug 0645 S Aug O45 5S Aug i045 5 Aug 12 45 2015 CompassFx All rights reserved v 5 0 BTI 99 18 j o t i f j d Buy 99 01 39 372 a m BP Pa 39 172 39 067 38 967 aa Session ue Open 38 667 36 567 36 457 38 357 38 267 24 D O T S Method Indicator Indicator Options Show ADR Levels Displays the Average Daily Range High ADRH and Low ADRL levels on the price chart These levels will adjust the ADR distance as the market sets the daily High and daily Low Default set to true Show Prev Session Hi Lo Displays the previous session High and Low levels on the price chart Trade these levels as Resistance and Support these levels Default is set to true v GBPIPY M30 149 352 149 425 149 310 149 369 5 day ADR 153 30 min Trend Down Spread 4 9 Py Hi 151 24 ADRH 150 70 wv LO 149 98 IT T1 149 60 151 134 150 959 150 789 150 614 149 914 149 739 149 564 a STS 45 TE A
12. menu bar and click Tools Select Options Click the Charts tab Max bars in history click on the drop down menu and select 100 000 Max bars in chart click on the drop down menu and select 65 000 Click OK ee SS E Close and re open MT4 Options Ei ES Events Community Signals Server Chats Objects Trade Expert Advisors Notifications Email Publisher Show trade levels I Show OHLC Show ask line I Color print I Save deleted charts to reopen Max bars in history 100000 Max bars in chart 65000 If you follow these instructions and the DOTS levels do not appear close and re open the chart or close and re open the MetaTrader 4 0 platform to force a reset 2015 CompassFx All rights reserved v 5 0 39 D O T S Method Indicator Troubleshooting Why are my MetaTrader 4 0 charts not responding or freezing up There could be a number of issues related to MT4 charts not responding However we have found the most probably reasons related to DOTS Method are 1 Old MT4 Build number MT4 must be Build 765 or higher 2 Lack of Historical data 3 Another custom indicator conflicts with the DOTS indicator To check for the Build number see page 5 To resolve a lack of historical data follow steps shown on pages 35 37 Why doesnt DOTS work when I apply another MT4 custom indicator The DOTS indicator works with all the standard MT4 indicators and most custom MT4 indi
13. shifts the levels and text to the right and a negative number shifts levels and text to the left The number equals the number of price bars left or right Y EURUSDx MiS 1 33404 1 D O T S CompassFx New York Open 8 00AM E 5 day ADR 81 BT 1 3405 15 min Trend Down Custom Indicator DOTS Method v4 BT1 1 3395 Common Inputs Colors Visualization Buy 1 3383 Value P lab Levels Level Settings SSL 1 3374 hed Level_Width 3 misses hed Level_Font_Size 9 n a A hed Level_Text_Shift 5 z Extend_Lines tue i a E a a Sane Sai Cpe iii T i i STI 1 3347 1 33449 Show Session Senaratar tnie bd hye h HUES sp OK CA Reset 1 33289 1645 9Augl845 9 Aug20 45 9 Aug 2245 2015 CompassFX All rights reserved v 5 0 23 D O T S Method Indicator Indicator Options Level Settings Custom Indicator DOTS Method v4 Common Inputs Colors Visualization z Show Prev _Session_Hi_Lo tue 8 Show_Targets_In_Pips tue lab Clark Extend Lines This option plots horizontal lines representing each DOTS Level from the current Session Open to the DOTS Levels in the right margin Default is set to true Double click and select false to remove the extended lines Show Session Open Extends a horizontal price line from Session Open Default is set true Double click and select false to remove NOTE The color of the Session Open
14. the DOTS levels appear above or below current price One of the idiosyncrasies of MetaTrader 4 0 is that it plots an indicator based on old data BEFORE collecting new data The result is the indicator is displayed incorrectly on the chart This will sometimes occur especially when changing the DOTS from one trading session to another EURNZDx M15 1 65145 1 65169 1 64953 1 64974 BT2 1 6686 44 pips D 0 T 5 CompassFx i i New York Open amp 00AM Eastern BT1 1 667 0 28 pips 5 day ADR 160 Buy 1 6042 ayy ty SSL 1 0024 BSL 1 6610 mt Sal L500 i if ST1 1 6565 27 pips ST 1 6548 44 pips 14 Aug 2013 14 Aug 08 00 14 Aug 10 00 14 Aug 12 00 Ene NAER ECN When this occurs the simple fix is to change the chart to a different time frame and then back For instance in the 15 minute chart above change the time to 30 minutes and then back to 15 minutes This is called a force reset MetaTrader 4 0 is forced to collect new data and re plot the indicator with the new data 2015 CompassFx All rights reserved v 5 0 33 D O T S Method Indicator Troubleshooting Why do I get DLL is not allowed red alert USCCHF H1 0 93294 0 93268 0 93226 0 93260 DLL is not allowed Go to top menu bar Select Tools Select Options 0 53260 Under Expert Advisor tab check Allow DLL imports 0 93195 Close and re open MT4 platform 0 59110 0 93025 092770 0 52655 4 Dec 2012 4 Dec 1400 4Dec2100 5 Dec
15. 680 8080 www compassie com COMPASSE 2722 t ompassti com Notice this computer program is protected by copyright laws and international Compass FX MT4 Client treaties Unauthorized reproduction or distribution of this program of any portion Terminal of it may result in severe civil and criminal penalties and will be prosecuted to Version 4 00 Build 765 12 Dec 2014 Copyright 2001 2014 MetaQuotes Software Corp 7 Ifthe Build number is less than 765 go to the broker s website and download a new demo 8 When installing the new demo account follow the prompt instructions 9 Allow the update to complete 10 The latest Build number will now appear in the About window of MT4 11 Repeat this process for each MT4 platform on your computer 2015 CompassFx All rights reserved v 5 0 5 Before Installing D O T S The next step before installation is to Allow DLL imports within MetaTrader 4 0 The D O T S Method indicator will not operate properly without this setting To Allow DLL imports follow these steps 835310 Compass FX MT4 Client Terminal Demo Account 1 Open MetaTrader 4 0 ie I Ss a a 2 Goto the Top Menu bar 3 Select Tools 4 Inthe drop down menu select E Options unii 541 1 kb 5 In the Options window select the Expert Advisors tab Enable Expert Advisors except for Custom Indicators and Scripts M Disable experts when the account has been
16. 75 ee ee v USDIPY M15 120 342 120 343 120 339 120 340 D O T S CompassFX i TTD TIO CE ace New York Open 8 00AM NY BT2 120 42 24 pips j pr 15 30 7 Apr 19 30 5 day ADR 81 aS f 5 min rend Up 119 510 Spread 0 2 BT1 120 33 15 pips 96 7801 ADRH 120 24 Buy 120 18 p 68 EER SSL 120 08 py Hi 120 06 50 ISL 120 00 BSL 120 00 w 19 45 7 Apr21 45 119 915 Sell 119 90 119 840 119 765 T1 119 75 15 pips 119 690 ST2 119 66 24 pips ADRL 119 63f 229 615 119 540 119 465 7 Apr 2015 7 Apr 10 30 7 Apr 12 3e eRe 7 Apr 16 30 7 Apr 18 30 7 Apr 20 30 2015 CompassFX All rights reserved v 5 0 Before Installing D O T S The DOTS Method indicator works with the MetaTrader 4 0 trading platform on the following Window Operating Systems Windows XP Windows Vista Windows 7 and Windows 8 BEFORE INSTALLING 1 Update MetaTrader 4 0 to Build 765 or higher 2 Allow DLL imports 3 Set Maximum bar in Chart and download adequate historical data To update the Build number of MetaTrader 4 0 follow these steps Open MetaTrader 4 0 MT4 Go to the top menu bar Select Help In the drop down menu select About A pop up window will appear similar to the one to the right aO e wW Me The Build number is located in the lower left corner outlined in red About x Compass Foreign Exchange LLC 2083 N Collins Blvd Suite 200 Richardson TX 75080 Tel 1 972
17. DOTS with more levels But for now the majority of market movement is generally within or near the daily range from the Buy Target 2 to the Sell Target 2 When the market runs beyond a Target 2 level we recommend to stack the levels by adding another level that is the distance from the Entry to Target 1 or the distance from the Entry to Target 2 2015 CompassFx All rights reserved v 5 0 49 D O T S Method Indicator Troubleshooting Why do the DOTS ADR levels move or appear not to display as expected The Average Daily Range built into the DOTS indicator is a floating ADR that becomes fixed as the market makes a Daily High to the Daily Low From the open of the day the ADR High level and ADR Low level are calculated and plotted from the open of the day Then as the market moves the ADR Levels adjust according to the current Daily Low and Daily High In the example below the market moves higher from the Daily Low until the pip distance equals the ADR pip value At this point the ADR High level is achieved Likewise as the market continues higher the Daily High price minus the ADR pip value becomes the ADR Low level GEPUSD MGI 1 52829 1 52661 1 52764 1 52853 0 0 T S CompassFX 107 pips from Daily High to ADR Low Py Hi 1 5241 1 52275 l 1 52105 AP EEEE ADRL 1 5200 sm E o O O BTI 1 5183 33 pips L51765 Il 1 51555 Buy TS T50 a J l 1 51255 ait SSL 1 5126 Fi ee es eS eee te et ae re
18. DR 149 38 PERE 01 00 30 Jul 05 00 30 Jul 09 00 30 Jul 13 00 30 Jul 17 00 30 Jul 21 00 149 219 149 044 Price will either bounce off or break through Show Target in Pips Displays the pip distance from the Entry level to the Target levels Default set to true v GBPIPY M30 149 352 149 425 149 310 149 364 D O T 5 CompassFXx Aussie NZ Open 5 00PM Eastern __ 5 day ADR 153 30 min Trend Down Spread 5 0 M BT2 151 11 BT1 150 86 POSER he 01 00 30 Jul 05 00 30 Jul 09 00 30 Jul 13 00 30 Jul 17 00 30 Jul 21 00 2015 CompassFX All rights reserved v 5 0 56 pips 31 pips 150 789 150 614 150 439 150 264 150 089 149 914 149 739 149 564 149 219 149 044 25 D O T S Method Indicator Indicator Options Clock Settings Custom Indicator DOTS Method v4 z Show Clock z Observe_DST hed Clock_Vertical_Position Show Clock Displays four clocks in 24 hour format Local time Broker time New York time and GMT Default is set to false Double click and select true to view the clocks Then double click OK Observe DST Default is set to true in observance of Daylight Saving Time Clock Vertical Position Change the number to adjust vertical position of Clock on the chart v GBPIPY M30 149 352 149 425 149 310 149 345 D O T S CompassFx Aussie NZ Omen 5 00PM Fasten
19. GH COMPASSEX we know what traders want D O T S Method Indicator v 5 EURNZD M20 1 44415 144459 1 44380 144440 D 0 T 5 CompassFx Aussie NZ Open 5 00PM NY 5 day ADR 126 30 min Trend Down _ BT 1 4543 45 pips BT1 1 4523 25 pips Buy 1 4498 SSL 1 4480 BSL 1 4466 S171 1 4423 25 pips ST2 1 4403 45 pips 2015 CompassFx All rights reserved v 5 0 Table of Contents Disclaimer What is the DOTS Method Why trade with the DOTS Method Before Installing D O T S Installing DOTS in MetaTrader 4 0 Quick Start Get started quickly after installation Applying the D O T S Indicator Adjust the Right Margin Setting D O T S Indicator Options Creating a Template Creating a Profile DOTS Guppy Trade Troubleshooting Index Customer Technical Support 2015 CompassFx All rights reserved v 5 0 10 11 13 16 28 29 30 31 51 Disclaimer CompassFX receives a volume based referral fee for its services Trading Foreign Exchange Forex carries a high level of risk and may not be suitable for all investors There is a possibility that you could sustain a loss of all or more of your investment therefore you should not invest money that you cannot afford to lose You should be aware of all the risks associated with Foreign Exchange trading Unique experiences and past performances do not guarantee future results Testimonials herein are unsolicited and are non represen
20. If you are unable to download additional data use another time frame to view the number of days entered For instance if you want to see 20 days of DOTS levels using a 5 minute chart but you can t get enough historical data then use a 1 hour or 4 hour chart 2015 CompassFx All rights reserved v 5 0 46 D O T S Method Indicator Troubleshooting Why are the DOTS levels the same over the last 2 to 3 days From time to time a MT4 broker will not force an update of its Daily Open This can cause the DOTS to plot the same level lines for the past 2 or 3 days Here is an example GEPUSD M30 1 60446 1 60539 1 60440 1 60510 D O T S CompassFXx Hh an ae T al nthr asp Buy 1 61082 N pina Tt H SSL 1 61008 BSL 1 00952 es a ee MEL Mp ta nn alia ST1 1 60767 ST2 1 60699 kt Hy epee Ene Dec 11 30 4Dec 15 30 4Dec19 30 4Dec23 30 5 Dec 03 30 SDec07 30 SDeci1 30 S Dec15 30 5Dec19 30 5SDec23 30 6Dec 03 30 6Dec 07 30 6Deci1 30 6Dec15 30 6Dec19 30 6 Dec 23 30 1 61407 1 61247 1 61167 1 61087 1 61007 1 60927 To resolve this issue close the chart and reopen the chart Sometimes a quick fix is to simply change to another timeframe and then return to the original timeframe If the problem is not resolved go the History Center and follow the steps above to download data from the broker 2015 CompassFX All rights reserved v 5 0 47 D O T S Method Indicator Tro
21. and Display ae Session Open BT1_Color Ml LimeGreen BT2_Color E ComflowerBlue e Session Separator BuySL_Color Wi Olive Sell_Color i e Clock E ST1_Color g e ST2_Color Spread i SelSL_Color ii e Trend Up Down amp Flat Up_Trend_Color Down_Trend_Color W Red e Previous High amp Low Flat_Trend_Color E Gray Prev_Day_High_Color Ml SeaGreen e ADR High amp Low Prev_Day_Low_Color I SeaGreen ADR_High_Color WE DarkOrchid ADR_Low_Color WE DarkOrchid To change a color double click the color and select a new color from the drop down menu Custom Indicator DOTS Method v4 TTTILIELITI Soren Col TPT n Riw C TT PT OLOLOLOL LL BPO mol iol PP nd Ts tol fol fol mone Po to ie TEPLI Ei mi iai al 1 1 ainina EE EEE EEEE Poe eee ee HOOOOUUooUdd Custom 2015 CompassFx All rights reserved v 5 0 28 D O T S Method Indicator Creating a New Template To create a new template After DOTS is applied to a chart with the preferred options and appears properly right click on the chart Select Template Select Save Template EURIPY M30 128 378 128 436 128 338 128 360 D O T S CompassFx oO p k Li i i u Trading iA Indicators List Cid Objects List Periodicity Auto Arange S Zoom In Remove Template La Volumes Dotsv4_newyork tet One Click Trading Alte Guppy_mmas_black Guppy_mmas_gray Syn
22. cator There are some MT4 custom indicators that may interfere with the plotting of the DOTS levels First apply DOTS to a NEW chart and then apply the other custom MT4 indicator If the DOTS levels disappear after applying the other custom indicator there is a conflict To resolve the conflict apply the other custom indicator to the chart first and then apply the DOTS indicator 2015 CompassFx All rights reserved v 5 0 40 D O T S Method Indicator Troubleshooting Why dont I see the DOTS levels Did your computer recently do a Windows or Anti virus update In some cases a Windows update or an Anti Virus software update affects the computers registry files which in turn may disable or delete files deemed suspicious or potentially malicious If a Windows update or Anti virus update was done there is a chance that a DOTS system file was deleted In this case do a re install of DOTS to solve the issue The re install will restore all the DOTS files on your computer To do a re install of DOTS follow these steps 1 Close your MetaTrader 4 0 charts and platform 2 Goto http www compassfx com dots install html 3 Skip down to Installing D O T S Method and follow the steps 4 Follow all the installation prompts and enter your DOTS Software Key when prompted 5 After installation turn off your computer and restart it 6 After rebooting the computer right click on the MetaTrader 4 0 icon on your Desktop and select Ru
23. changed I Disable experts when the profile has been changed I Allow live trading I Ask manual confirmation Contin DLL function calls 6 Check the box to the left of Allow DLL imports marked by the red arrow 7 Click the OK button 8 Repeat this process for each MT4 platform on your computer 2015 CompassFx All rights reserved v 5 0 6 Before Installing D O T S To set Maximum bar in Chart and download adequate historical data follow these steps First adjust the Maximum Bars in History and Maximum Bar in Chart as follows Open MetaTrader 4 0 MT4 OSGA TIES Server Chats Objects Trade Expert Advisors Notifications Email Publisher Go to the top menu bar Click Tools a u MV Show OHLC Select Options neat Click the Charts tab Show period separators MV Color print Max bars in history enter 100 000 M Save deleted charts to Max bars in history 100000 gt Max bars in chart click 65 000 Max bars in chat 65000 gt Click OK SSS ae Ss eS OP Le Close and re open MT4 Second add more history to a MT4 chart by the following steps Open a new chart for the currency pair that needs more historical data e g EURUSD Select the time frame of the chart that you want more data e g EURUSD M15 Turn off Auto Scroll found in the top menu bar Click the left arrow key multiple times or hold it down The chart wil
24. compassfx com dots install html Locate and select the DOTS Method 4 0 Installer Follow the prompts and instructions completely Se a ee E If uninstalling DOTS follow the prompts of the Installation program thru completion DOTS Method v 4 will be removed automatically from all MetaTrader 4 0 platforms 2015 CompassFx All rights reserved v 5 0 51 D O T S Method Indicator Customer amp Technical Support For additional information go to this website http www compassfx com dots htto www compassfx com dots install hAtml For technical support send an email to CompassFX Customer Support support compassfx com Compass FX 2083 N Collins Blvd Suite 200 Richardson TX 75080 Phone 800 577 3600 972 680 8080 972 680 3355 Fax 2015 CompassFx All rights reserved v 5 0 52
25. e levels USDIPY MS 92 764 92 764 92 740 92 746 BN eee So Os pa BSL 93 56 Sel pE 41 STl 95 21 jem i wars eggt 7A F ren 0m cael Sore ee 3 Ta lt E Feb 2013 amp fFebisdis amp fFebit55 amp fFeb20 35 amp fFeb7i i5 8 Reb 255 8 Feb 22035 The DOTS levels are best viewed on a 15 minute or higher time frame when there is a lot of movement in a currency pair NOTE The DOTS Method levels are the same regardless of the time chart A 1 hour chart will display the levels at the same price points as a 5 minute chart or any other intraday chart 2015 CompassFX All rights reserved v 5 0 45 D O T S Method Indicator Troubleshooting Why is the Lookback Number of Days not showing the number of days entered Again this is most likely a historical data issue Follow the steps outlined previously to add more data to your chart If you have enough data you may need to force a reset of your MetaTrader 4 0 platform Generally following these steps to resolve the issue 1 Close all charts Close and reopen the MetaTrader 4 0 platform and then apply DOTS to a new chart 2 Close and reopen a chart 3 Change the chart to another timeframe and then return to the original timeframe NOTE In some cases a MetaTrader 4 0 broker will only supply a certain amount of data regardless of what steps you might attempt to download more data
26. en a chart 3 Change the chart to another timeframe and then return to the original timeframe Also there is a common misperception that the DOTS indicator will automatically refresh the chart by itself The indicator does not refresh the chart if the historical data does not refresh In most instances missing historical data even data from the previous day and the lack of new data at the start of the normal Broker Daily Open can cause issues with DOTS indicator plotting the levels Time chart too small If you are ona small time chart eee FXDD teint Account USDIPY M5 like the 1 minute or 5 minute you may not see the DOTS levels due to the range of price Click and drag down the prices in the far right margin This will scale the chart to see the DOTS levels 92 605 8 Feb 21 55 8 Feb 22 35 43 Nii 6806 9 kb Y 2015 CompassFx All rights reserved v 5 0 44 D O T S Method Indicator Troubleshooting Time chart too small cont d In this case do one of the following 1 Use the Zoom Out USDIPY MS 92 764 92 764 92 740 92 746 feature D O T 5 CompassFx BT2 94 20 BT1 94 04 Buy 93 83 SSL 93 68 ia ty pi ave 4 eee S E Sse a 11 93 71 512 93 04 lu 8 Feb 2013 8 fFeb0s 55 8 Feb 0035 8 fFebiz15 8 Febi4sSS 8fFebi735 8fFeb20 15 amp fFeb22 55 2 Place the cursor in the far right margin where price is shown Click and drag down The chart will compress and you can see th
27. er ee ae NN 1 51085 Lee BSL 1 5108Pv Lo 1 5109 l 107 pips from Daily Low to ADR High 1 50915 1 50745 02 0000D 2 Aug 04 00 2 Aug 0340 2 Aug 12 00 2 Aug 16 00 2 Aug 20 00 2015 CompassFx All rights reserved v 5 0 50 D O T S Method Indicator Troubleshooting Why do I get a Modify Repair or Uninstall window when installing DOTS How do uninstall DOTS Method v 4 from my computer Whenever a DOTS Method v5 reinstallation or uninstall procedure occurs the Installation program will show these windows CompassFX DOTS Method 4 00 InstallAware Wizard Iof Welcome to the InstallAware Wizard for O CompassFX DOTS Method 4 00 InstallAware Wizard Please choose a maintenance operation to perform Welcome to the InstallAware Wizard for Modify Available Options CompassFX DOTS Method 4 00 Repair Application Uninstall Please choose a maintenance operation to perform Modify Available Options Repair Application Uninstall To continue dick Next Back next gt ae To continue dick Next When attempting a reinstall we recommend completing the Uninstall first Close all MetaTrader 4 0 platforms Click the Start button in the lower left corner of the desktop Locate and select Control Panel Locate and select Programs Select Uninstall a Program Locate CompassFX DOTS Method 4 00 and click Uninstall After the uninstall is complete go to http www
28. ergy _pro_alert_active b Synergy_pro_alert_active g Synergy_pro_apb_armow_alert b Synergy_pro_apb_armow_alert g sk Name Date modified rE 7 default tpl 5 3 2012 6 33 AM r F default_gray tpl 3 28 2012 1 48 PM E E synergy_pro_alert_active b tpl 7 11 2012 5 27 PM 7 synergy_pro_alert_active g tpl 7 11 2012 5 26 PM H 2 synergy_pro_alert_active w tpl 7 11 2012 5 25 PM 7 synergy_pro_alert_conservative b tpl 7 11 2012 5 24PM 2 synergy_pro_alert_conservative g tpl 7 11 2012 5 23 PM 2 synergy_pro_alert_conservative w tpl 7 11 2012 5 22 PM 3 14 2012 3 24PM xz EEEO 2015 CompassFX All rights reserved v 5 0 Py Hi 129 71 f BT1 129 36 19 pips 05 18 pips B 02 30 pips ADRL 128 47 gt Py Lo 128 29 DRH 129 52 BT2 129 47 30 pips 179 443 125 3158 129 068 175 443 29 D O T S Method Indicator Creating a Profile A profile is a set of charts with specific templates and settings The advantage of using a profile is that it allows a trader to change multiple charts to different settings quickly To create a Profile template B 5310 Compass FX MT4 Client Terminal Demo Account 1 Open and set the charts with specific fe nla alee settings Mi Es Arrange the charts n 8 8 ur ew York Open DQAM I Click File in the top menu bar s day ADR 112 mend c Select Profiles r acl a o Select Save As E PP ip f
29. false E Aussie_NZ_Open__5PM_NY false Ze Tokyo_Open____ s7PM_NY false zA Midnight_NY ____12AM_NY false Z European_Open___2AM_NY true zA London Open 3AM_NY false ZA New_York_Open __8AM_NY false lie Lookback_Number_of_Days 1 gt The snapshot below shows the DOTS levels for 5 days EURUSD H1 1 08309 1 08371 1 08306 1 08360 D O T S CompassFX 1 10335 Aussie NZ Open 5 00PM NY ij 5 day ADR 135 cco E ODENA s o tit har i a 1 09670 zaJ gaan ca fj nape 1 09445 pa all 3 7 7 TT 1 0800 a it sca ope E dik ar Buy 1 0852 je 1 08360 t SSL 1 0824 E BSL 1 0804 1 07880 _ Sel 1 O07 76 af Hi Sell 1 0776 1 07660 1 07435 34 02 00 00 2 Apr 07 00 2015 04 08 00 00 2015 CompassFX All rights reserved v 5 0 20 D O T S Method Indicator Indicator Options Alert Settings This option allows the user to set an alert which triggers a pop up display and audible alert as price nears either a DOTS Buy Entry or Sell Entry level It includes two parameters Alert Pips to Entry and Guppy Filter Alert Alert settings default to true Custom Indicator DOTS Method v5_test About Common inputs Dependencies Colors Visualization Alerts Alert Settings T A Buy_Sell_Entry_Alert tue H liza Alert_Pips_to_Entry 10 Guppy_Filter_Alert tue lab Broker_Offset Broker Offset Settings jab Broker_Offset_Info Ente
30. hange the setting from 8 to 16 Show Session Label This option displays the session for which the DOTS indicator is applied Default set to true Show ADR Display This option displays the ADR number of days and ADR value in pips Default set to true ADR Number of Days Enter the number of days to calculate the ADR Show Trend This option displays the current trend direction for the specific time chart There are three trend directions Up Trend Down Trend and Flat Trend Default set to true Show Spread This option displays the current spread between the Ask and Bid prices Default set to true AUDUSDs M15 0 91950 0 91977 0 91918 0 91918 D 0 T S CompassFx New York Open 8 004M Eastern 5 day ADR 111 15 min Trend Up Spread 2 0 2015 CompassFx All rights reserved v 5 0 22 D O T S Method Indicator Indicator Options Level Settings Custom Indicator DOTS Method v4 Common Inputs Colors Visualization Level Width This option allows the user to adjust the width of the DOTS levels The default setting is 3 Double click and change the setting from 1 to 5 Level Font Size This option allows the user to change the font size of the text The default setting is 9 Double click and change the setting from 8 to 16 Level Text Shift This option allows the user to shift the DOTS levels and text to the left or the right Enter a positive number
31. he list of trading sessions and set each session to true or false for DOTS v5 to automatically update the DOTS level for that session Custom Indicator DOTS Method v5 About Common Inputs Dependencies Colors Visualization Z Broker_Daily_Open zA Aussie_NZ_Open__5PM_NY Ze Tokyo_Open____ s7PM_NY ZA Midnight NY____12AM_NY Z European_Open___2AM_NY 2015 CompassFx All rights reserved v 5 0 18 D O T S Method Indicator Indicator Options Session Settings For instance to show the DOTS levels for the European Open ONLY set the value to true Then set all other session values to false and double click OK Custom Indicator DOTS Method v5 About Common Inputs Dependencies Colors Visualization Z Tokyo Open 7PM_NY false Z Midnight _NY____12AM_NY false Z European_Open___ 2AM_NY true 44 London_Open____3AM_NY false ZA New_York_Open__SAM_NY false Tee ee ee m 4 2015 CompassFx All rights reserved v 5 0 19 D O T S Method Indicator Indicator Options Lookback Number of Days This option plots multiple DOTS levels separated by vertical lines representing the number of days The default parameter is set to 1 for the current session s DOTS levels NOTE The maximum number of local days is 22 Custom Indicator DOTS Method v5 About Common Inputs Dependencies Colors Visualization 42 Broker_Daily_ Open
32. indicator A 5 The Custom Indicator DOTS Method window will appear Under the Common tab make sure the Allow DLL imports is checked Custom Indicator DOTS Method v5 About Common inputs Depende cies Colors Visualization M Allow extemal experts imports 2015 CompassFx All rights reserved v 5 0 11 D O T S Method Indicator Applying the Indicator to a Chart 6 All the parameters and options are listed under the Inputs tab Custom Indicator DOTS Method v5 About Common Inputs Dependencies Colors Visualization Value ab Custom _Indicator D O T S Method jab Copyright Version 5 2015 CompassFX lab Web_Address http Awww compassfx com 42 Broker_Daily Open false z Aussie NZ Open_5PM_NY true 8 Tokyo_Open___7PM_NY tue z Midnight _NY____12AM_NY tue European_Open__ 2AM_NY tue Cancel Reset 7 Use the side scrollbar red arrow to scroll through the options within the DOTS Method indicator 8 To modify an option double click on a value red arrow and enter a new value For example to change the Level Width double click on 3 and enter a number from 1 to 5 Custom Indicator DOTS Method v5 About Common Inputs Dependencies Colors Visualization NOTE If after applying DOTS to a chart there is a red lettered alert Not enough bars on the chart follow the instructions of the aler
33. ion and reboot the computer To get the most up to date version of MetaTrader 4 0 click new MT4 platform to download a new demo or contact your broker for a new demo account To install the DOTS Method indicator follow the steps shown on this webpage to http www compassfx com dots install html 2015 CompassFx All rights reserved v 5 0 9 D O T S Method Indicator Quick Start The DOTS v5 installation includes six templates that are pre formatted to ready to use These templates are set to the three most popular trading sessions Australian Open European Open and New York Open The DOTS v5 installed templates 1 DOTS v5 Aussie Open DOTS set to the Australian Open 2 DOTS v5 European Open DOTS set to the European Open 3 DOTS v5 New York Open DOTS set to the New York Open 4 DOTS Guppies v5 Aussie Open DOTS with Guppies set to Australian Open 5 DOTS Guppies v5 European Open DOTS with Guppies set to European Open 6 DOTS Guppies v5 New York Open DOTS with Guppies set to New York Open Quick Start steps to using DOTS v5 1 After install open MetaTrader ur E 20267 CompassFX Demo Demo Account GBPNZDx M15 2 Click File in top menu bar Fle Vew mst Chats Tods Window Hep P ES eee nle liu t nla a mireille 0B 3 Select New Chart i v GBPNZDx M15 1 97190 1 97213 1 97105 1 97135 gt EURUSDx 1 08359 1 08368 4 Select c
34. l move back in time and import historical data automatically Depending on the time frame the chart should go back about 3 months or longer eo SS M R Repeat steps 1 5 for each currency pair and time frame that requires more historical data wu els Q ie li g 0 B Auto Scroll 2015 CompassFx All rights reserved v 5 0 7 Before Installing D O T S Third import historical data from another MetaTrader 4 0 platform or data source In the top menu bar click Tools Select History Center Select the currency pair Select the time frame Click the Import button Browse to another MetaTrader 4 History folder Select the same currency pair and time frame Click OK O w m ee P P History Center GBPJPYx M15 20x 2013 07 18 06 15 151 600 151 621 151 583 151 618 240 2013 07 18 06 00 151 590 151 621 151 576 151 600 587 2013 07 18 05 45 151 611 151 626 151 572 151 588 509 2013 07 18 05 30 151 666 151 681 151 590 151 613 806 2013 07 18 05 15 151 675 151 731 151 629 151 661 1343 2013 07 18 05 00 151 676 151 702 151 590 151 675 1606 2013 07 18 04 45 151 775 151 780 151 619 151 677 1694 2013 07 18 04 30 151 602 151 817 151 567 151 779 1844 2013 07 18 04 15 151 588 151 696 151 570 151 603 2126 2013 07 18 04 00 151 622 151 625 151 564 151 569 285 2013 07 18 03 45 151 490 151 674 151 477 151 619 1468 2013 07 18 03 30 151 518 151 522 151 434 151 490 958 2013 07 18
35. n as administrator 7 When MetaTrader 4 0 opens apply the DOTS Method indicator to a new chart The DOTS levels should appear If DOTS Method indicator still does not appear you may need to change your User Account security permissions 2015 CompassFx All rights reserved v 5 0 41 D O T S Method Indicator Troubleshooting Why dont I see the DOTS levels To change your User Account security permissions let s review the reason why Microsoft has had a number of problems related to missing files while protecting computers from read write executable exe data files Vista and later versions of Windows use what is called file virtualization which is a way of saving certain read write files to virtual areas of the hard drive in order to protect computer programs and maintain a level of security What does all this mean Some of the DOTS installation files especially the DLL files may not be saved in the Program Files directory Apparently Windows allocates them to a hidden directory instead of the Program Files or Program Files x86 where it should be installed You can open the Program Files directory and see the files are listed but some of the files are not actually stored in the Program Files directory This is confusing for the average computer user Three solutions to stop this Windows behavior and let MT4 store files in Program Files 1 Right click the MT4 icon on the desktop and select Run as administrator
36. ock Clock Settings ab Copyright Version 5 2015 CompassFX A Show_Clock false ab Web_Address http Awww compassfx com Observe _DST false lab Session Session Settings zd Clock_Vertical_Position 100 7 Broker_Daily_Open false lab Comer_Display Comer Display Setting A Aussie_NZ_Open__5PM_NY tue lab c_O 0 Upper left FA Tokyo Open 7PM_NY true jab c_1 Upper right A Midnight_NY____12AM_NY tue jabjc_ 2 Lower left F European_Open__2AM_NY tue jab jc 3 3 Lower right 4 London_Open____ 3AM_NY true had Comer 0 72 New_York_Open___8AM_NY true lat Color Color Settings hed Lookback_Number_of_Days 1 Level_Text_Color Wl Gray jab Alerts Alert Settings Session_Open_Color A Buy_Sell_Entry_Alert tue Session_Separator_Color fad Alert_Pips_to_Entry 10 Clock_Color Guppy_Filter_Alert true Spread _Color ab Broker_Offset Broker Offset Settings E Buy_Color ab Broker_Offset_Info Enter 1 or 1 to adjust broker start BT 1_Color fea Adjust_Broker_Hourly Offset 0 BT2_Color aab Display Display Settings BuySL_Color i123 Display_Font_Size 9 Sell_Color A Show_Session_Label true 5T1_Color FA Show_ADR_Display tue 3 ST2_Color he3 ADR_Number_of_Days 5 SellSL_Color FA Show _Trend tue Up_Trend_Color A Show _Spread true Down_Trend_Color ab Levels Level Settings Alat_Trend_Color izd Level_Line_Style 1 E
37. om the Program Files directory It is the easiest of the three solutions but you must be fully aware of any updates or changes to your computer User Account Control Settings Choose when to be notified about changes bo your computer User Account Control hepa prevent potentially harmful programs from making changes to your computer Tell me more about User Account Control settings Always notify Never notihy me when Programs try to instal software or make changes to my computer make changes to Windows setings 4 iid Not recommended Choose this only if you need to use programs that are not certfied for Windows 7 because peal they do not support User Account Control In a nutshell do one of the three solutions above Number 2 may be best in order to have Windows maintain a level of security permissions After settings are changed turn off the computer and restart it If you changed the settings correctly then DOTS will appear after rebooting the computer and starting MT4 2015 CompassFx All rights reserved v 5 0 43 D O T S Method Indicator Troubleshooting Why dont I see the DOTS levels Inconsistencies with MetaTrader 4 0 Due to some inconsistencies with the MetaTrader 4 0 brokers and platforms there is a chance the DOTS levels will not appear Simply fixes 1 Close all charts Close and reopen the MetaTrader 4 0 platform and then apply DOTS to a new Chart 2 Close and reop
38. ourses or website shall be deemed a solicitation or an offer to Buy sell futures and or options No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site Also the past performance of any trading methodology is not necessarily indicative of future results Trading involves high risks and you can lose a lot of money No representation is being made that any software or training will guarantee profits or not result in losses from trading 2015 CompassFx All rights reserved v 5 0 2 What is the D O T S Method The D O T S Daily Open Trading System Method exclusively designed by CompassFX is an intraday price based indicator that calculates and plots potential market entry exit and target levels from daily and historical price movement The key advantage of the D O T S Method indicator is its simplicity Most every trader regardless of experience trading style or trading system can use D O T S in real time at a glance At the Open of the Day or a specific trading session the D O T S algorithm identifies e Buy Long Entry e Buy Target 1 D O T S Method e Buy Target 2 e Buy Stop Loss Core Algorithm Identify Trading Levels at Open e Sell Short Entry Y Buy Entry v Sell Entry e Sell Target 1 v BuyTarget1 v Sell Target 1 e Sell Target 2 v BuyTarget2 v Sell Target 2 e Sell Stop Loss vV Buy Stop Loss VY Sell Stop Loss Selectable trading se
39. r 1 or 1 to adjust broker start 23 Adjust_Broker_Hourly_Offset 0 ab Display Display Settings z3 Display_Font_Size 9 Buy Sell Entry Alert This is the primary alert It triggers when price is within the Alert Pips to Entry distance to either the Buy Entry or Sell Entry level It triggers once per price bar with an audible pop up alert shown below Alert Pips to Entry The default FER ay xl setting is 10 The Buy Sell Entry Alert triggers when price is 10 pips A Si eS PTE De bebo Tee S SET al away from the Buy Entry level or the Sell Entry level GBPNZD M15 1 pips to 1 9722 D G Sell Entry Aussie NZ Session AUDCAD M15 3 pips to 0 9561 D G Buy Entry Aussie NZ Session Guppy Filter Alert This alert only AUDIPY M15 2 pips to 91 97 D G Buy Entry Aussie NZ Session triggers if Guppy Multiple Moving Averages are aligned Default set to true Each alert includes the local time stamp currency pair the distance from the Entry level trade direction and the price 2015 CompassFx All rights reserved v 5 0 21 D O T S Method Indicator Indicator Options Display Settings Custom Indicator DOTS Method v4 Common Inputs Colors Visualization hed Display_Font_Size 2 Show_Session_Label z Show_ADR_Display Display Font Size This option allows the user to change the font size of the Display text The default setting is 9 Double click and c
40. roll Press Page Up Key repeatedly until this message disappears Then press the End Key and the DOTS levels should appear If not close and reopen the chart Re apply DOTS to chart 2015 CompassFX All rights reserved v 5 0 35 D O T S Method Indicator Troubleshooting To add more history to a MT4 chart follow these steps Open a new chart for the currency pair that needs more historical data e g EURUSD Select the time frame of the chart that you want more data e g EURUSD M15 Turn off Auto Scroll found in the top menu bar Click the left arrow key multiple times or hold it down The chart will move back in time and import historical data automatically Depending on the time frame the chart should go back about 3 months or longer a nOD P R Repeat steps 1 5 for each currency pair and time frame that requires more historical data we ela alre r g 0 B Auto Scroll In the event the red alert display does not disappear close the chart and attempt to download data from the broker using the History Center of the MT4 platform Click on Tools in the top menu bar then select History Center in the drop down menu MetaTrader Jistory Center 4 Global Variables eD MetaQuotes Language Editor F4 Es Options 2015 CompassFx All rights reserved v 5 0 36 D O T S Method Indicator Troubleshooting A window similar to this window will appear Select a currency pair
41. s the DOTS Guppy Trade is quick to learn fun to use and works AUDIPY M15 103 677 103 703 103 675 103 692 D O T 5 CompassFx New York Open 8 00AM Eastern BT2 103 69 5 day ADR 123 15 min Trend Up Spread 1 9 SoL 102 78 BSL 102 58 2015 CompassFx All rights reserved v 5 0 BT1 103 45 Buy 103 05 103 505 103 390 103 160 102 820 102 705 102 595 102 480 102 370 102 260 31 D O T S Method Indicator Troubleshooting Index Why do DOTS levels appear above or below price Why do I get the DLL not allowed alert Why do get the Not enough bars in chart alert still get Not enough bars in chart alert Why are the MT4 charts are not responding or freezing up Why doesn t DOTS work when apply another MT4 custom indicator Why don t see DOTS levels Why is the Lookback Number of Days not showing the number entered Why are the DOTS levels the same over 2 or 3 days Why do get the message No Key found in your registry Why are there no DOTS levels beyond Target 2 Why do the DOTS ADR levels move or appear not to display correctly Why do I get a Modify Repair Uninstall window when installing DOTS How do uninstall DOTS Method v 4 from my computer 2015 CompassFx All rights reserved v 5 0 32 33 34 38 39 40 41 45 46 47 48 49 50 50 32 D O T S Method Indicator Troubleshooting Why do
42. ssions D O T S Method e Broker Daily Open e Australian Open Automated Trading Sessions e Tokyo Open e Midnight NY Open e European Open e London Open e New York Open Broker Daily Open e Australian Open Tokyo Open Midnight NY Open European Open London Open New York Open The DOTS Method indicator has a variety of options including e Current trend direction e Average Daily Range e Previous Session High Low e Current Bid Ask Spread 2015 CompassFx All rights reserved v 5 0 3 Why Trade with the D O T S Method The benefits of DOTS The benefits of trading with the DOTS Method are clear cut Plots entry target and exit levels at the start of a trading session e Provides a road map of the market showing where to enter and exit e Appears in the right margin of the price chart so not to interfere with trading systems e Works on any MT4 platform as a stand alone indicator or combined with any trading method or system v USDCAD M30 1 24981 1 25112 1 24943 1 25093 1 25235 D O T S CompassFX European Open 2 00AM NY 1 25175 5 day ADR 116 30 min Trend Up tee Spread 0 8 z a BT2 1 2508 31 pips 1 25055 1 24995 E BT1 1 2494 17 pips 175 v USDJPY M15 120 337 120 358 120 334 120 354 1 24875 D O T S CompassFX New York Open 8 00AM NY 1 24815 5 day ADR 81 15 min Trend Up a Buy 1 24 1 24755 Spread 0 4 120 170 1 24695 120 060 a ar SSL 1 2404 1 2635 119 950 1 245
43. t manual for more details 2015 CompassFx All rights reserved v 5 0 Review the Troubleshooting section of this D O T S Method Indicator Adjust the Right Margin Setting The DOTS Method indicator appears in the right margin of the MT4 price chart D 0 T S CornpassFx Aussie NZ Open 5 00PM Eastern 5 day ADR 97 30 min Trend Down Spread 3 4 BT2 1 5380 44 pips o BT1 1 5360 24 pips Buy 1 5336 SSL 1 5318 BSL 1 5304 STi 1 5262 24 pips ET Lata 44 pips If the indicator does not appear like the snapshot shown above the first thing to do is check if the Auto Scroll and Chart Shift are in the On position Look within the Charts toolbar near the top menu bar it w p ike g O B Auto Scroll Chart Shift Click both to turn each On The chart should shift to the left and the DOTS price levels appear 2015 CompassFx All rights reserved v 5 0 13 D O T S Method Indicator Adjust the Right Margin Setting If the Auto Scroll and Chart Shift are On but the DOTS price levels still do not appear in the right margin locate the small upside down triangle in the upper right corner of the chart Click the triangle and drag it to the left The chart will move to the left and the prices will appear D 0 T 5 CompassFx New York Open o day ADR 111 30 min Trend Up Spread 1 8 0 91640 0 91670 0 91495 0 91325 0 91150 0 90605
44. tative of all clients certain accounts may have worse performance than that indicated Trading stocks futures options and spot currencies involves substantial risk and there is always the potential for loss Your trading results may vary Because the risk factor is high in the foreign exchange market trading only genuine risk funds should be used in such trading If you do not have the extra capital that you can afford to lose you should not trade in the foreign exchange market No safe trading system has ever been devised and no one can guarantee profits or freedom from loss CFTC RULE 4 41 HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING ALSO SINCE THE TRADES HAVE NOT BEEN EXECUTED THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT IF ANY OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Substantial risk is involved Forex trading has large potential rewards but also large potential risk You must be aware of the risks and be willing to accept them in order to invest in the Forex markets Don t trade with money you can t afford to lose Nothing in these instructions our c
45. ubleshooting get the message No Key found in your registry could be a bad install We recommend that you do a re install of the DOTS Method Before you do the re install temporarily disable your firewall anti virus software It appears that your firewall anti virus software could be preventing a complete installation me Right click the DOTS Method Installer link and select Save Target As 2 Save the DOTS Method v3 exe to your desktop 3 Right click on DOTS Method v3 exe icon on your desktop and select Run as administrator 4 After the installation right click on the MT4 icon on your desktop and select Run as administrator Here are other ways to resolve a DOTS Method indicator issues 1 Make sure the Visualization setting is checked for All Timeframes Custom Indicator DOTS Method v 2 Common inputs Colors Visualization M All timeframes a 30 Daily M5 M H weekly M15 H Monthly W Show in the Data Window 2 Check that you have the latest Build number See page 5 for details 2015 CompassFx All rights reserved v 5 0 48 D O T S Method Indicator Troubleshooting Why are there no DOTS levels beyond Target 2 The reason there are no DOTS levels beyond Target 2 is because of the low probability of being hit on average Generally it requires a major news event to move the market beyond Target 2 level We are considering a future version of
46. urrency pair uso 140281 1 48298 AUDUSDx 0 76500 0 76510 5 Blank chart appears dee Ee E USDCHFx 0 96490 0 96511 6 Click Template icon GPO 143077 1 43125 USDCADx 1 24940 1 24955 7 Select an installed D O T S a ee template ee Compass FX MT4 8 D O T S levels appear loon 9 Adjust chart and DOTS options tee a a rare Note It is recommended to e of O19 anc a mle ut p O Bre p create a new DOTS template if 1 08340 1 08349 ores Z 5 day ADR 19 GBPUSDx 1 48267 1 48281 15min Trend pE AUDUSDx 0 76497 0 76507 Spread 5 6 NZDUSDx 0 75206 0 75220 ESLL LL Mrr ae rin pa BT2 1 9834 53 pips the installed templates are modified in anyway See the gt GBPCHFx 1 43062 1 43110 USDCADx 1 24941 1 24956 USDIPYx 120 176 120 186 91 934 91 945 re chapter Creating Templates amp Profiles USDCHFx 0 96492 0 96513 b rr hte Si ST1 1 9692 31 _common_ Favorites 7Ape2015 7 Ape 19 15 7 Apr 21 15EPEE Apr 01 15 8 Apr 03 15 ua 4945 2 kb 2015 CompassFX All rights reserved v 5 0 10 D O T S Method Indicator Applying the Indicator to a Chart To apply the D O T S Method indicator to a chart follow these steps 1 Open the MetaTrader 4 0 MT4 platform 2 Open anew chart 3 Locate the Custom Indicators folder in the Navigator window 4 Double click on the DOTS Method
Download Pdf Manuals
Related Search