Forex slingshot strategy. Hi everyone, this forum has given me valueable information that has turned into real profits and useful tools that are a stable part of my trading strategies. My goal is to give back to this forum in appreciation for all that I've received from forex factory. I would like to share with all of you a very simple and  Multiplex - Page 2 @ Forex Factory.

Forex slingshot strategy

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Forex slingshot strategy. Hi everyone, this forum has given me valueable information that has turned into real profits and useful tools that are a stable part of my trading strategies. My goal is to give back to this forum in appreciation for all that I've received from forex factory. I would like to share with all of you a very simple and  Multiplex - Page 2 @ Forex Factory.

Forex slingshot strategy


Recently I have ditched the daily bars as you need to be a full time trader to catch all the moves every day. My live account is only small but is what I use to sample a strategy before using my large account.

A little about me: Cut a long story short, I've been back testing many mechanical strategies, mostly trend following, but have not found anything that give's a real edge in the markets over the long run.

Now the long run to me is many years of data. The problem we all face is finding a strategy that fits our personality. Well this strategy fits mine like a glove. This is by a trader called Martin Alexander. Now he made a robot for this to trade 30m time frame's as a scalping strategy.

Im not interested in a robot nor 30min time frames. I wanted to see if this could be traded on daily to monthly time frames. This is where my research has taken me, so far with good results. Move on to your next currency pair or wait for a new bar to close. So far there does not seem to be a great deal between either but I have plenty more back testing to complete before coming to a final conclusion.

The main thing is both seem to be profitable. All data can be found here http: Who knows how this will pan out but im sure its worth a 2nd look for those who have not give this strategy a chance, or who have not done the necessary back testing to really see its strengths. I have a total of 7 years data with video's. All info is recorded in my Journal http: Details posted in my journal under the same name of this thread.

Thursday 27 Feb - Mid week update Live account: Friday 28 Feb 14 - End of month update Live account: I've closed all monthly bar trades with a good profit. Have a nice weekend. Slingshot live account update 4 Mar - YouTube Live account: I use the same lot size of 0. This has not happened yet in the live account but as you can see from my youtube videos, there is a descent trade count each week. I was not expecting such an incredible growth rate straight off the bat. Like I said, im expecting some draw downs soon, but im also expecting an end of the year profit too.

Plenty of setups this week in all the pairs - Slingshot live account update 10 Mar - YouTube. Seems like a pretty straight forward system with no discretionary elements. Have you tried back testing this with an EA or analytics tool?

Why still testing it out? Or am i misguided? Please correct me if am wrong. No that wasn't a minus sign. I can see this may be confusing so I will change the layout for future posts. All the data is in the journal section under Slingshot strategy revisited. Here I will now only post my live account to see how this plays out this year. No im not interested in EA's or any other tool to back test or live trade this strategy. The reason I do it manually, is after so much back testing, I may spot patterns to improve the strategy.

Im already doing this in the journal section under "slingshot strategy revisited". This is my aim with manual back testing. I figured I'd ask since it seems easy to do. I only given this system a glimpse, but I see some elements in it that I'm attracted to. I have some other things I'm working on, but if I were to have a go at back testing this in excel, would you like to see the results?

Hi Tyrone i now get it. This system looks promising. I'm a Price Action trader and trades naked chart. I've been looking for a suplimentary method which is purely mechanical that can secure constant profit and so far this method is interesting. During your backtest can you state the maximum draw down for a given year? This was based on 1 lot size just for scientific research. This may not seem alot but that depends on how many pairs you trade. The main result is this strategy has survive all market conditions so far, giving me confidence to trade live.

Hope this helps Tyrone. Thanks for the reply and keep up the good work. SlingShot strategy revisited Trading Systems. Free Forex Trading Systems. There are two trade management's that im currently back testing: Slingshot Live account 14 FEB - YouTube So far there does not seem to be a great deal between either but I have plenty more back testing to complete before coming to a final conclusion. My channel Welcome - YouTube All the best fellow traders.

Lets see what happens this month. Hi jpw I use the same lot size of 0. Mon 10 Mar Live Account: Hi Esosa No that wasn't a minus sign. Hi LiquidGenius No im not interested in EA's or any other tool to back test or live trade this strategy.


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