System: SLINGSHOT Review
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: 45 users
Currency Pairs: AUDUSD, EURAUD, EURCAD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY
Overview: SLINGSHOT Review Myfxbook system has made +38% in 257 trades since Jan 23, 2015. The average winning trade is about79.50 pips / , and the average trade with a loss around -44.49 pips / . Trades are left open on average for 17h 6m.
(77/136) 56% is the winning percentage of its buy trades and (78/121) 64% is the winning percentage of its sells.
(Aug 24) 378.2 was the best trade it ever produced. (Oct 02) -254.6 was the worst.
Pros & Cons
- Average win is greater than 10 pips, some I always look for
- Uses a SL of 44.49, could be trouble
- Drawdown has only reached 5.64, looking good so far!