Discussion of article "DiNapoli trading system"
Thank you for such an invaluable article!
Vitaly Muzichenko:
Thank you for such an invaluable article!
Thank you for such an invaluable article!
Although the strategy was invented a long time ago, it still really works, I tested it myself many times before creating this article.
A strategy advisor would be nice.
vito333:
A strategy advisor would be nice
These strategies are not automated. Trade manually.
A strategy advisor would be nice
vito333:
an advisor for the strategy would be nice
an advisor for the strategy would be nice
The strategy is very subtle and requires human analysis, the EA trades very "woodenly" on this strategy, i.e. cannot take into account some aspects of the strategy to trade in the plus.
Question: DiNapoli_Levels For MT4 is there ?
Traskont:
Question: DiNapoli_Levels for MT4 is available ?
Question: DiNapoli_Levels for MT4 is available ?
Unfortunately, no. All articles are made for MetaTrader 5 platform.
Thank you for your excellent article and explanation.
But sorry, I can not see the difference on the two images "Wrong placement of Fibo Levels" and "Correct placement of Fibo Levels.
Roberto Jacobs:
Thank you for your excellent article and explanation.
But sorry, I can not see the difference on the two images "Wrong placement of Fibo Levels" and "Correct placement of Fibo Levels.
Yes, the screenshot has not been replaced by the correct one, we will soon fix it.
Roman Vashchilin:
Yes, the screenshot has not been replaced by the correct one, we will soon fix it.
Many thanks Roman.
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New article DiNapoli trading system has been published:
The article describes the Fibo levels-based trading system developed by Joe DiNapoli. The idea behind the system and the main concepts are explained, as well as a simple indicator is provided as an example for more clarity.
DiNapoli levels are inherently support and resistance levels, although their interpretation is more deep as compared to conventional levels. They are based on Fibo levels and apply the so-called market swing (see below) or, more simply, a trend. We need only three Fibo levels to build DiNapoli ones: 61.8%, 50% and 38.2%. These are the levels to be used on your chart as support and resistance ones. The Fibo levels are plotted upwards in case of an uptrend and downwards in case of a downtrend.
Market swing
Author: Roman Vashchilin