Slingshot system

[Tyrone_Archer]

I will continue with this strategy under my journal “Slingshot strategy revisited” for those who are interested in a proven mechanical strategy you can catch me there. All my back testing & live account info will be posted there & video links to my youtube channel which show in detail how I am back testing this strategy.

Safe trading
Tyrone

[Tyrone_Archer]

NOTE:
I only trade weekly & monthly bars with back testing videos as proof of profitability. I have my own rules & filters for this strategy which I am trading live. I am uploading video’s every week on my youtube channel Welcome - YouTube for documented evidence of this strategy in action.
Feel free to comment in my journal in the journal section. 301 Moved Permanently

[Dokki]

Looked to good to be true. And it really is. It looks awesome on a dead 30 minutes chart. But I am currently manually backtesting it on a 5 minutes chart (having the 30 minutes time intervalls marked with vertical lines) and it seems to be constantly making losses.

What you dont see on a historical 30 minutes chart is, that the price often penetrates the previous high / low, then goes past the opening (you enter your trade) and then it goes back the other way… against your trade.

As said, you dont see that on a historical 30 minutes chart. There you only see your winners. So you might wanna try it… but dont get your hopes up to high.
mei tai love&carry.

YOu might be able to fix it with a trailing stop or by setting your SL to breake even quickly, but I doubt it.

how are things now?