Comments on: Forex Trading – SlingShot 30M 100% Mechanical Scalping System Part 2

By: tradingtalentscout

tradingtalentscout — Wed, 25 Nov 2009 17:37:54 +0000

Very Nice Videos Martin ! Thanks very much for sharing your method. Very kind of you indeed. Regards Mark.

By: firstbenjamin

firstbenjamin — Wed, 25 Nov 2009 16:54:56 +0000

Nice Video. I do have a problem with identifying when to sell and when to buy. I know where the stop-loss and take profit is, I just don’t know when to buy and when to sell from just looking at those bars.
Secondly, since this relies on just bars, have you considered writing an EA for it? This appears like an easily programmable system..
How about doing a video of you taking a live trade with this setup? I dont mind if it has to be fast-forwarded, its just easier than looking at past charts.

By: roboptions

roboptions — Wed, 25 Nov 2009 15:57:10 +0000

im confused is the setup bars low the stop loss or is it the entry bars low. In video one you said the setup bars low but in video two you change it to the low of entry bar.

By: roboptions

roboptions — Wed, 25 Nov 2009 14:58:44 +0000

never mind i was mixing that with c the setup bar penetration i guess your mind plays tricks on you when you stay up all night which brings a different question are you considering of programming a ea robot for this. The computer would be quicker and more ruthless on the rules.

By: ednum5

ednum5 — Wed, 25 Nov 2009 14:09:22 +0000

I would like to see this live, instead of just looking at a chart and saying that this bar was a winner, that one wasn’t, etc. It seems apparent that you have to do this while the bar is forming in MT4, but we don’t see him doing that, just a dead chart with a lot of bars on it.

By: tonyuk2

tonyuk2 — Wed, 25 Nov 2009 13:40:52 +0000

Thank you for sharing this logical concise system Martin. Nice not to see those lagging indicators on your chart.
Thanks again.Tony

By: destiny6666

destiny6666 — Wed, 25 Nov 2009 13:00:12 +0000

how funny, I love the “we would have entered here”

“we would”

another hindsight trader

By: jojoba46

jojoba46 — Wed, 25 Nov 2009 12:17:40 +0000

Hi Martin, i’ve placed your robot on a metatrader 4 platform, but am unsure how to set the parameters, etc. could u please call me @(818)909-9995 to walk me through it so i can use your great robot? Thanks, Jim

By: rimfixer

rimfixer — Wed, 25 Nov 2009 11:19:46 +0000

Thanks Martin two trades 1/23/09 on the gbp/usd 41pips and 38pips thanks!!!!!!!! Martin. Samson

By: mastergunner99

mastergunner99 — Wed, 25 Nov 2009 10:46:57 +0000

Excellent method. I’ve been trading naked (no indicators) for some time now. I love hearing about new price action strategies. There simply isn’t enough information out there on the subject. But google, “EMA cross” and prepared for a gazillion links.

By: yesnj00

yesnj00 — Wed, 25 Nov 2009 09:47:37 +0000

very intersting and thanks for sharing… best of luck trading everyone….

By: PAGILLOzx

PAGILLOzx — Wed, 25 Nov 2009 09:03:42 +0000

I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.

There is software im using to send atleast 20,000 text message a day advertising my online business…it is amazing. I think they have a free demo to try as well autotextsender.(c0m) God Bless!

I like what i watched.

By: 121156

121156 — Wed, 25 Nov 2009 08:10:54 +0000

Hi Martin,
I have your scalper EA installed and working.. I agree with another poster here.. Could you write an EA for this method? I’m using audible alerts at the moment so I don’t have to sit staring at it and that’s a bit better but an EA would be awesome.
cheers, Russ

By: trevpickering

trevpickering — Wed, 25 Nov 2009 08:03:15 +0000

i tried it it works quite well dont shoot it untill to tried it

By: krysztau151900

krysztau151900 — Wed, 25 Nov 2009 07:21:51 +0000

Anyone has bad experience with that?
[if I'm correct there was no opportunity for UJ on 14 april as I'm backtesting it now] Just asking cause I see only good comments…

By: marlintrdg

marlintrdg — Wed, 25 Nov 2009 06:28:53 +0000

Although this idea “seams” to be great, in two weeks of testing I have not found one time we’re the next bars open price in 30min mode opened higher or lower then the previous price bar close.

Maybe I have something setup wrong?

I called my broker on this and all he did was laugh at me but would not make comment..

By: marlintrdg

marlintrdg — Wed, 25 Nov 2009 05:46:53 +0000

An update to this post, it seams to be a MT4 issue, some brokers ARE opening at the same price as the close but I have now found 2 MT4 brokers that work like in the videos.

By: TradingWithAnEDGE

TradingWithAnEDGE — Wed, 25 Nov 2009 05:28:35 +0000

Nothing like a good system.

By: DynotoeTube

DynotoeTube — Wed, 25 Nov 2009 04:44:45 +0000

Well don’t catch a falling knife! It’s easy to see when a strategy worked, often not as easy to see when it didn’t. I would suggest to get some decent historical data like from ForexTickData and conduct your own tesing to confirm before you risk your own capital.

Best – Dyno

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