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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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77% discount for the next 10 buyers (original price $605): 1 left 3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends.
Matrix Arrow Indicator MT5
Juvenille Emperor Limited
5 (14)
Indicateurs
Matrix Arrow Indicator MT5   est une tendance unique 10 en 1 suivant un indicateur multi-période   100% non repeint   qui peut être utilisé sur tous les symboles/instruments:   forex ,   matières premières ,   crypto-monnaies ,   indices ,  actions .  Matrix Arrow Indicator MT5  déterminera la tendance actuelle à ses débuts, en rassemblant des informations et des données à partir d'un maximum de 10 indicateurs standard, qui sont: Indice de mouvement directionnel moyen (ADX) Indice de canal de m
South African Sniper Indicator
Joel Malebana
5 (1)
Indicateurs
Introducing the South African Sniper indicator created by a small group of traders with a few years trading trading the financial market profitably . This is a plug and play indicator that provides you with  BUY and SELL (SNIPER ENTRY) signals with TARGET and trail stops. The indicator Works with all MT5 trading instruments. The indicator uses previous  chart data as receipt to speculate on future market moves.
Trend Line Map Pro MT5
STE S.S.COMPANY
4.67 (9)
Indicateurs
Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
Golden Gate Algo MT5
James David Lane
4 (6)
Indicateurs
40% DE RÉDUCTION POUR NOËL ! AUGMENTATION DES PRIX À 250 $ LE 1er JANVIER ! Présentation de GoldenGate Entries : une solution de trading de pointe ! Découvrez une approche révolutionnaire du trading avec GoldenGate Entries (GGE), un indicateur avancé conçu pour améliorer votre expérience de trading. GGE offre un ensemble complet de fonctionnalités pour donner aux utilisateurs la précision et la confiance nécessaires dans leurs décisions de trading. Paires : Toutes (FX - Matières premières
FxaccurateLS
Shiv Raj Kumawat
Indicateurs
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
ADR Reversal Indicator MT5
LEE SAMSON
4.78 (9)
Indicateurs
L'indicateur d'inversion ADR vous montre en un coup d'œil où le prix se négocie actuellement par rapport à sa fourchette quotidienne moyenne normale. Vous recevrez des alertes instantanées par pop-up, e-mail ou push lorsque le prix dépasse sa fourchette moyenne et les niveaux supérieurs de votre choix afin que vous puissiez sauter rapidement dans les reculs et les inversions. L'indicateur trace des lignes horizontales sur le graphique aux extrêmes de la fourchette quotidienne moyenne ainsi que
Market Reversal Alerts MT5
LEE SAMSON
4.82 (22)
Indicateurs
Le profit de la structure du marché change à mesure que le prix s'inverse et recule. L'indicateur d'alerte d'inversion de la structure du marché identifie le moment où une tendance ou un mouvement de prix approche de l'épuisement et est prêt à s'inverser. Il vous avertit des changements dans la structure du marché qui se produisent généralement lorsqu'un renversement ou un recul majeur est sur le point de se produire. L'indicateur identifie initialement les cassures et la dynamique des prix,
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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 t
Trade Info
Johannes Schoeman
5 (2)
Utilitaires
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 Ac
MA HighLow
Johannes Schoeman
Experts
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
Trade Stats
Johannes Schoeman
Indicateurs
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
Utilitaires
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
Utilitaires
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)
Indicateurs
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 le
Daily Open Close Price Levels
Johannes Schoeman
Indicateurs
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
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Version 1.10 2023.07.11
Alert functions added.