Mql5官网 SlingShot and Pinch Strategy MT4 外汇EA

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.