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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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Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all classic timeframes: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all classic timeframes 3. Search for patterns of all possible sizes. Fr
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
TrendDecoder Premium MT5
Christophe, Pa Trouillas
5 (1)
Indicateurs
Identifiez les ranges et les tendances fortes  |  Obtenez les premiers signaux   |    Obtenez des TP et des sorties   clairs   |    Repérer les niveaux Fibo que le prix va tester   |  Indicateur qui ne retrace pas, non retardé - idéal pour le trading manuel et automatisé - adapté à tous les actifs et à toutes les unités de temps - 50% discount   pour le lancement - puis retour à >>   149 $ Après votre achat,   contactez-moi sur ce canal  pour obtenir les réglages recommandés. Version MT4 :   cli
MetaBands M5
Vahidreza Heidar Gholami
4.67 (3)
Indicateurs
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
TPSproTREND PrO MT5
Roman Podpora
5 (5)
Indicateurs
TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  -  Version MT4                  DETAILED DESCRIPTION        /       TRADING SETUPS       
Blahtech Market Profile MT5
Blahtech Limited
5 (8)
Indicateurs
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Support Resistance Propulsion Targets MT5
LEE SAMSON
5 (1)
Indicateurs
Dessine automatiquement les niveaux de support et de résistance PLUS les écarts des bougies de propulsion sur votre graphique, afin que vous puissiez voir où le prix est susceptible de se diriger ensuite et/ou de s'inverser potentiellement. Cet indicateur est conçu pour être utilisé dans le cadre de la méthodologie de trading de position enseignée sur mon site web (The Market Structure Trader) et affiche des informations clés pour le ciblage et les entrées potentielles. MT4 Version:  https://
Golden Spikes Detector
Batsirayi L Marango
5 (1)
Indicateurs
Golden Spikes Detector Cet indicateur est basé sur une stratégie avancée principalement pour les pics de trading sur les indices Boom et Crash. Des algorithmes complexes ont été mis en œuvre pour détecter uniquement les entrées à forte probabilité. Il alerte sur les entrées potentielles d’achat et de vente. Pour échanger des pics sur le courtier Deriv ou Binary, prenez uniquement les alertes Buy Boom et Sell Cash. Il a été optimisé pour être chargé sur une période de 5 minutes, bien qu'une analy
IX Power MT5
Daniel Stein
5 (2)
Indicateurs
IX Power   apporte enfin la précision imbattable de FX Power aux symboles non-Forex. Il détermine avec précision l'intensité des tendances à court, moyen et long terme de vos indices, actions, matières premières, ETF et même crypto-monnaies préférés. Vous pouvez   analyser tout ce que   votre terminal a à offrir. Essayez-le et découvrez comment   votre timing s'améliore considérablement   lors de vos transactions. Caractéristiques principales d'IX Power Résultats de calcul précis à 100 %,
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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.