Dinapoli is a trading system that is designed to trade in the foreign exchange market. Actually it is a technical strategy that works on the basis of the information that is available on the chart. Therefore it can be applied to any kinds of market if you are able to apply it. Dinapoli system is a very clean and straightforward system. It doesn’t have too many colorful indicators which will only confuse you but it is very effective and its accuracy is just too good. The Dinapoli system generates the trading signal on the basis of the color of the Heiken Ashi candles price actions. It is a very easy and powerful forex trading strategy. You can trade in any time frames using Dinapoli trading strategy but trading on shorter time frames like 1 minute and 5 minutes are not recommended. To have odds in your favor, trade only in the trending market since this is a trend following market. It is less likely to work in a choppy market.
When the Dinapoli system is correctly installed on your trading platform your trading chart should look like this:
- Heiken Ashi chart
Heiken Ashi chart is other types of charting system that is different from the bar, candlesticks and line chart. It is also a candlesticks chart in a way but it is different from the ordinary candlestick chart. The formula used to create Dinapoli system is different than those of ordinary charts. Actually it’s all components are formed from the averaged form of the normal price actions. Heiken Ashi charts are way smoother and easier to analyze than those ordinary charts. It reduces the chaotic nature of the price fluctuations and makes it easier for the eyes.
The Heiken Ashi candles generate the trading signals in Dinapoli system and these arrows are the confirmation to those signals. You won’t either buy or sell unless these green and pink arrows appear on your chart. The green arrow is pointed upwards and it indicates the buying signal in the market. Similarly, a pink arrow is pointed downwards and it indicates the selling signal in the market.
Buying Conditions Using Dinapoli System.
- A green arrow pointing upward should appear below the chart.
- Place your stop just below the recent swing low.
- Take profits when the Heiken Ashi candles turn to red color.
Selling Conditions Using Dinapoli system.
- A pink arrow pointing downward should appear above the chart.
- Place your stop just above the recent swing high.
- Take profits when the Heiken Ashi candles turn to green
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