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SlingShot and Pinch Strategy

Scalping, Mean reversion or Position trading strategy

Get into an established trend on a pullback in the market.

Use the Pinch in the indicator for profit taking.

Use the Pinch as a mean reversion strategy, scalping back to a moving average line. 


Input Parameters

  • Fast Sling Shot configuration.
  • Slow Sling Shot configuration.
  • Dual Sling Shot configuration.
  • Price line configuration.
  • Trigger zones or levels.

Example of Sling Shot trade idea:

  • Price line sets the mood, below the baseline level (50) we look for selling opportunities.
  • Fast line, Slow line or both (Dual) indicate a pullback to the opposite extreme level, provided the price line remain below 50. 
  • Improve your results by trading in the direction of the prevailing trend.

 Example of Pinch trade idea:

  • All three bands pinch together at the set pinch level.
  • Mean reversion type trade idea.
  • Trade back to a 20 or 50 EMA for a scalp.

  • Use the pinch setting to take profit or partial close on your sling shot entries.
  • Use prior lows, highs as profit targets.











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CBT Quantum Maverick High-Efficiency Binary Trading System CBT Quantum Maverick is a finely tuned, high-performance binary options trading system designed for traders seeking precision, simplicity, and disciplined trading. No customization is required—this system is optimized for effective results right out of the box. Simply follow the signals, which can be mastered with a bit of practice. Key Features: Signal Precision: New-bar-based trading signals—targeting the next candle based on curren
Kecia Footprint Orderflow
Niccolo Filippo Palombi
5 (1)
Indicators
IF YOU WANT TO TEST IT : private message me ( MT5 demo testing doesn't work ) * UPDATE * VOLUME PROFILE ADDED Designed to help traders gain a deeper understanding of the market’s true order flow dynamics . By visualizing the “ footprints ” left by candles, this indicator reveals how the delta ( the difference between buying and selling pressure ) changes during the candle formation, as well as how volume fluctuates at different price levels. These insights are essential for traders seeking to id
Gold ATR MTF 5
Sergei Linskii
Indicators
Gold ATR MTF - this is a fine stock technical indicator.  The algorithm of the indicator ATR (Average True Range) analyses the movement of the asset price and reflects volatility by drawing the corresponding levels in specified percentages (%) of the opening price of the specified timeframe (D1). Indicators (red and/or blue D1 H4) of the symbol price movement direction and arrow signals are additional and essential aids for comfortable and profitable intraday trading and/or scalping. Daily profi
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Trade and Account Information Panel The Trade Info Panel allows you to easily see the status of you trading by pair and account. Minimise the panel by clicking on it to reduce the display area. Easily Identify loosing pairs/ instruments traded by the change of header colour. The HEADER change colour should the months losses exceed the months gains. Displayed information: General Account information Account Leverage Spread Bar Time remaining Account Balance  Account Equity Margin Free Margin Acc
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The EA is based on price crossing the High or Low of a Moving Average. Advance Fractal profit taking method. Advance stop management option based on explosive candles (Big Candles). Loss recovery system making recovery of losses easier.  Configured the EA to match your trading style. Scalping, Swing Trading or Trend Trading. Three custom trailing stop options. Explosive candle stop management with partial closure. Advance fractal partial close profit taking  Two indicator filters Time filter wit
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Johannes Schoeman
Indicators
Does your trading consist of Multiple EA's, Multiple time frames an no clear indication of how each individual strategy or time frame is performing, then this indicator will help. Assign the EA Magic number to this indicator and track it's performance on the chart by selecting on chart the period, today, week, month year or all history to view. Easy visual colour changing header to display the performance of the EA for the respective periods.    Minimize the panel to reduce chart clutter. Add yo
Account Risk Analyser
Johannes Schoeman
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Account Risk Analyser, allows you to keep track of your account risk, risk exposure to individual pairs and risk on base currency pairs. Get notified when your risk on a base currency pair exceed a predetermined risk level. Get notified when your account exceed a predetermined risk level. Risk Analyser based on the NNFX methodology of not over leveraging on any base pairs. Parameter inputs Percentage risk trigger for Trade instruments Percentage risk trigger for Account Alerts Chart Alert Mail A
Chart Loading Script
Johannes Schoeman
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Run the script with your selected timeframe and template to apply it to all the symbols available in your Market Watch window. Select the symbols you wish to trade from your Market Watch window. Run the script on any one chart with your selected time frame and template. Press "OK" and all your selected symbols will load with the selected timeframe and template.
SlingShot and Pinch Strategy MT4
Johannes Schoeman
4 (1)
Indicators
Scalping, Mean reversion or Position trading strategy Get into an established trend on a pullback in the market. Use the Pinch in the indicator for profit taking. Use the Pinch as a mean reversion strategy, scalping back to a moving average line.  Input Parameters Fast Sling Shot   configuration. Slow Sling Shot   configuration. Dual Sling Shot configuration. Price line configuration. Trigger zones or levels. Example   of Sling Shot trade idea: Price line sets the mood, below the baseline leve
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Johannes Schoeman
Indicators
This indicator displays the open and closing price for the selected number of days. Easily identify market open and close Gaps. Select the Day icon to show the open and closing price line. Select the Time icon to show the open and closing hours. Indices and stocks are not a 24hour market as shown on MT5 charts, they open and close at specific times. Marketplace Time Zone Trading Hours New York Stock Exchange (NYSE) EDT 9:30 a.m. to 4:00 p.m. Nasdaq Stock Market EDT 9:30 a.m. to 4:00 p.m.
Multi Range Breakout
Johannes Schoeman
Experts
Trade multiple time range breakouts. This EA offers up to 5 different time range zones all individually customizable. Bracket one candle or a whole range of candles. Enable all five ranges or just one. Each range have individual stop loss, break even or take profit options. Select the number of historical breakout zones to display on the chart. Each breakout zone indicates the number of pips in the range. Customise each range label in the EA, this will be displayed in the comments section of th
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Version 1.10 2023.07.11
Alert functions added.