Complex trading system #18 (SlingShot 30M)
Submitted by User on May 31, 2011 - 07:00.
Submitted by Charlie Johnson
I wanted to share something with you and was hoping you might post it somehow, I would love to get some feed back on it. First the the entry is articulated on a youtube video called "the sling shot trade" posted by user "forexautoscalper". This is a shot video and i hope that you will watch it Please. This is the entry for the strategy. This guy says it much clearer than i possibly could in an email.
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I have looked at this system very carefully. The problem is that looking at past charts, it really does not seem to work. It is a cleaver idea and makes a lot of sence. However the testing is always in the eating and I cannot see how this one can work. Anyway thanks for sharing and it is always good to look at potential stratergies because what may have been working yesterday and for a long while back may suddenly stop working as market conditions change. It is good to have ideas to go forward when this starts happening.
I worked out the glitch in my Roulette system. It works fine , online , and leaves Forex trading, or any type of trading for that matter , in the dust .
Brian
Yes, Edward we are all awaiting your research , and input on Slingshot. Is it
worth pursuing or not ? Results so far appear to be mixed. Maybe a little
" tweaking " is needed ! ?
Paul
Hello Edward :
Any progress yet on discovering whether Slingshot is profitable or not ?
Stuart
Has anyone made money overall with this system?
Hi Edward -
I came across a forum on the Slingshot at babypips.com . Results on 30 min. TF were poor to fair , BUT the DAILY TF , surprisingly , showed good results . The thread died out a few years ago .
I have never used the Daily TF on FX . Where do you START looking for the entry , since FX trades 24 hrs. a day , except on weekends ??
Seems like you are glued to the screen waiting for suitable entry point . Please help !
Brian
Hi Edward -
Please keep us updated on your Slingshot findings .
Brian
Hi Brian,
this method works, and I like method/strategies based on pure price action. I watched the video, but haven't had time to do extended forward testing.
The technique definitely requires some mastering and "seeing the setup", I'm not sure one can find consistency in trading with it during the first few weeks of trial.
Regards,
Edward
Edward , et al -
My great roulette system fell apart. Not surprised . Oh well, back to Forex, which has , at least, some valuable systems , thanks largely to Edward Remy 's website .
By the way , Edward , you have been a bit silent re Slingshot . Any comments on it , pro or con ??
Brian
Forgot to add , User, go to anyoption.com to see how Binary Options are all about, but do not trade with them .
Suzanne
User-
You can skip that rule if you trade Regular Binary Options , not the ones you seem to be trading . For examples go to
anyoption.com
Suzanne
Mr User-
Binary brokers are mostly based in Cyprus with very little regulation . They all use Reuters for their entry prices
which are lousy and difficult to win on . I am not familiar with betonmarkets, or " barriers " or 10 pip moves.
I may try 24options.com in England , or forget the whole thing , and stick to Forex Spot trading , where at least
you have a fair chance of making a profit .
Suzanne
Hi User-
Do use the Slingshot method to trade Binary Options , and if so , what results are you getting ?
Paul
Hello Suzanne, I also trade binaries, would please explain when you said that we "will NOT need the rule about requiring the opening price of the next bar ( after the setup bar ) penetrating the lows or highs of the setup bars".Must likely you found something that could improve the strategy for BINARIES, lol.
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