Forex Trading - SlingShot 30M 100% Mechanical Scalping Forex System Part 1

Learn how to trade the Forex Slingshot 30M 100% mechanical Forex system from A to Z. Detailed trade examples, very accurate, trades every single day, easy to implement and works on 4 currency pairs!

Category:

Education

Tags:

• forex
• trading
• system
• robot
• mechanical
• day
• video
• automatic
• fx

[surproster]

Martin i am confused by a few issues:

This video mentions four currency pairs that can be traded and also recommends the 30 minute bar chart/yet in the pdf manual/ it is mentioned to use the i hr chart Eur/USD only. I tried to use the robot on the four suggested pairs yet i received a warning on the robot that only the EUR?USD was allowed with the Robot. Please explain. Does the robot need to be upgraded to a new version? Thanks so much for a great program- i can't wait to try it out

[ForexAutoScalper]

Hi,

This system has nothing to do with the Forex Auto Scalper robot. The robot traders another strategy. I just designed the slingshot 30m system to teach traders a method I like trading manually. Thanks:-)

[surproster]

yES Thank You- I realized how stupid the question was once I posted it. However, since this strategy does follow certain triggers from each bar, is it possible to program this into an EA program? It seems like this might be one of the best strategies I have seen in a very long time

[ForexAutoScalper]

Hi,

Yes, I might code it as time allows me. Will inform all my subscribers regarding any progress.

[danbuffington75]

@OilTradingAcademy The oil/crude market moves exactly the same as forex... Anytime you have a liquid market, there's opportunity to make money. Making such a sweeping statement does nothing to build credibility.

[SuperstarTheMasked]

@ForexAutoScalper

also, i have noticed, in a trending market these setups will never occur because the markert will not reverse back to closing price.

also, what do you do if the STOP LOSS IS TOO CLOSE TO THE ENTRY PRICE ? WHAT DO YOU DO THEN ?

[SuperstarTheMasked]

@ForexAutoScalper

martin

some questions:

by how many pips must the high/low be broken by, to be a valid break ? do you look at the 1 min tf to confirm this break, as it will be difficult to see on 30 min.

when entering trade, do you enter a set number of pips after the close of previous candle has passed ? i.e. is there a buffer ?

do you take spreads into account when entering a TRADE AND WHEN SETTING TP AND SL ?

are you making profit every week with this ?

[aizuddin247]

Hi everyone...for the setup bar, different between hi and lo at least 15pip or 50pip?

[freeSCALPINGindicato]

Nice, I got free SCALPING indicator if anybody looking for. 273 out of 300 winds

[newyear498]

this actually works.. i'm impressed.. only 1 day of data but I am up big with this method.. its deffinitly not going to make you a crazy amount of money.. but definitely capable of 2% gains a day

[FreeFOREXautoROBOT]

Thank you very much for great video.

There is profitable and absolutely free forex robot.

I like it.Works fine for me.

[Bazzawombat]

There is an EA I found which is great with this- it is called "close all on time" it will close all trades at a time specified by you, so, all you do is enter when the setup says so, &, 30 mins later, it closes it for you.

[omitsura]

Different traders shine in different asset classes.

FX is terrible on retail level, especially if you trade with bucket shops. What's bad about FX is that you don't know how much you'll be charged. With rollovers, you pay spread more than once.

Better way to trade FX is through futures. 6E, 6C, etc. You know exactly how much your commission will be.

I trade stocks, but consider FX action very important confirmation/rejection at times for larger trades.