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System: SLINGSHOT

Description: SLINGSHOT is a fully automated strategy reliant on with-trend swings based on the M5 candle chart.
 
It trades infrequently, trying to catch an incipient trend.

It is in live forward test mode feeding a large capital pool.

Type of Trading: Real

Broker: Darwinex

Started: Jan 23, 2015

Views: 1795

Tracking: 40 users

Currency Pairs: AUDUSD, EURAUD, EURCAD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY[/one_half]

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[quote bcolor=”#06afe8″ arrow=”yes” width=”100%”][icon type=”vector” icon=”fa-icon-cogs” size=”32″ hover_animation=”border_increase” ]Essentials: The SLINGSHOT system has made 244 trades with an average winning trade of 80.06 pips / , the average losing trade around -41.76 pips / and an average trade length of 17h 9m.

The best trade it ever had was (Aug 24) 378.2 in pips and the worst trade was (Mar 19) -162.8 in pips.

It has won (77/135) 57% of its attempted buys and (70/109) 64% of its attempted sells.[/quote]

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Pros & Cons

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[list icon=”enotype-icon-thumbs-up” align=”left” icon_color=”#4cb218″ ]Its average win is larger than 10 pips which is usually a good thing.,Its average stop loss is less than 50 pips which is reasonable.,Drawdown has been kept under 30% which is good.,[/list][/one_half]Cons

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