Dinapoli Targets

Dinapoli Targets is a powerful VertexFX client side VTL indicator useful for breakout trades. It is a breakout based system, trading in the direction of the new trend after the market has reversed and is retracing. It comprises of a breakout (BUY-STOP or SELL-STOP) entry trade, a stop-loss level and three targets T1, T2 and T3. The entry level is calculated by finding the retracement point and the prior Swing High (for BUY trades), and Swing Low (for SELL trades). The distance between these two points should be equal or greater than the number of LENGTH candles.

The current retracement should be at least 0.318 (31.8%) times the distance between the Swing High and the Swing Low.
The Target 1 is 61.8% of the distance between the Start and Stop Levels.
The Target 2 is 161.8% of the distance between the Start and Stop Levels.
The Target 3 is 261.8% of the distance between the Start and Stop Levels.

Buy: Place Buy Stop trade at Dinapoli Start level (HoneyDew color) when the candle closes between the Dinapoli Start(HoneyDew color) and Stop level (Red color), and the targets T1 (Green), T2 (Yellow) and T3 (Dark Orchid) are displayed. The Stop level should be below the Start level. Place stop-loss at Dinapoli Stop level (Red color).

Sell: Place Sell Stop trade at Dinapoli Start level (HoneyDew color) when the candle closes between the Dinapoli Start (HoneyDew) and Dinapoli Stop (Red) levels, and the targets T1 (Green), T2 (Yellow) and T3 (Dark Orchid) are displayed below the Start Level. The Stop Level should be above the Start Level. Place the stop-loss at the Stop Level.

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.