I got this system, free, in an email from a guy named Martin Alexander. You can probably find him by searching for "Martin Alexander" Slingshot.
I won't post his link, because I think he's probably a system seller.
I've looked it over and made a few trades and it looks good.
Pairs- EUR/USD, GBP/USD, USD/CHF, USD/JPY
TF- 30M
Trade times - 7:00 GMT - 20:00 GMT
In the descriptions below, the "previous bar" must have a H-L range of, at least, 15 pips.
Long entry-
Bar goes below the Low of previous bar.
Then
Goes above the Close of the previous bar.
Enter 1pip + spread above the Close of previous bar.
SL- 1 pip below Low of current bar.
Exit at close of current bar.
Short entry-
Bar goes above the High of previous bar.
Then
Goes below the Close of the previous bar.
Enter 1pip below the Close of previous bar.
SL- 1 pip + spread above the High of current bar.
Exit at close of current bar.
I won't post his link, because I think he's probably a system seller.
I've looked it over and made a few trades and it looks good.
Pairs- EUR/USD, GBP/USD, USD/CHF, USD/JPY
TF- 30M
Trade times - 7:00 GMT - 20:00 GMT
In the descriptions below, the "previous bar" must have a H-L range of, at least, 15 pips.
Long entry-
Bar goes below the Low of previous bar.
Then
Goes above the Close of the previous bar.
Enter 1pip + spread above the Close of previous bar.
SL- 1 pip below Low of current bar.
Exit at close of current bar.
Short entry-
Bar goes above the High of previous bar.
Then
Goes below the Close of the previous bar.
Enter 1pip below the Close of previous bar.
SL- 1 pip + spread above the High of current bar.
Exit at close of current bar.