With this advanced trading system, there are many signals that cause a position to open, we are going to explain the key features.
Symbol Timeframe
With this trading system changing the timeframe should not make any difference as all the trade entry, exit and risk management happen on each incoming tick of data which is every time there is a price change.
DiNapoli Stochastic with Curve Check
The DiNapoli Stochastic demonstrates smoother indicators and therefore gives less false signals in comparison with the traditional oscillator. The indicator is written in accordance with the description given in the book by Joe Dinapoli "Trading With DiNapoli Levels". This oscillator smoothing method leads to a filtering of the most "noise" component of the price movement.
How the DiNapoli Identifies Trend?
This indicator like all the indicators for this trading system is actually 5-indicators, each one can have a different timeframe. It may be worth noting that this indicator provides bullish or bearish signals to open positions as long as the signals below are true.
Example Usage - Bullish Signal
Upper Threshold = 80, Lower Threshold = 20, Curve Distance = 3
- The indicator result value must be less than the upper threshold of 80.
OR
- The indicator result value must be greater than the signal value and rising.
- The distance between the signal value and the result value must be less than the curve distance.
Example Usage - Bearish Signal
Upper Threshold = 80, Lower Threshold = 20, Curve Distance = 3
- The indicator result value must be greater than the lower threshold of 20.
OR
- The indicator result value must be less than the signal value and falling.
- The distance between the signal value and the result value must be less than the curve distance.
How the Smart-Grid Works
Once the trend has been identified using the multi-timeframe indicators, the smart-grid will start to spawn positions each price retracement (pip-step), so if the first position that opens is a buy the if the price retraces down the pips distance it will open another buy positions and so on, follow the link below for full details.
You can download the DiNapoli Stochastic indicator here and a more advanced version of the indicator can be downloaded here, but the advanced indicator cannot be used with this trading robot.