Hello everyone,
Attached there's an indicator called DiNapoli Targets. (Mike Ichenko, spasibo!!
In fact this is an effective targeting system for manual trading. The question is whether is it possible to get it fully automated. The system is based on a breakout a level called Start line and Fibo extentions as targets.
Backtesting is impossible since there's virtually no history. Forward testing is the only way to evaluate this.

A friend of mine has already done some work (thanks Jacob , this is Alex).
Attached are DiNapoli targets with audible alerts.
A High-Low Zigzag has the same Length parameter as the indicator itself and it helps to see the whole picture. However DN Targets does not trade every swing. There are cases when it closes a profitable trade and waits for another providing that a trader has not closed it manually.

My suggestions for a possible EA.
I think it would be wise to completely follow its behaviour.
When in neutral mode (no trade) - it should place buy stop or sell stop orders and SL/TPs accordingly.
To close all orders if it decides to close an already loosing position with current market price. (In fact Stop Line is practically never reached).
If again a neutral mode follows there goes the same sequence.
To open a new trade by market order immediately if indicator decides to sharply reverse the position. SL should be placed on Stop Line. In this condition, however Target 1 or even Target 2 may be already out of the game. Then it can be Target 3, Fantasy and Crazy lines levels as T/P.

Thanks folks,

May pips be with all of us

Regards,

Alex

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