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
Started: Jan 23, 2015
Tracking: 40 users
Currency Pairs: AUDUSD, EURAUD, EURCAD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY
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.
Pros & Cons
- 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.