ChrisMoody

Sling Shot System Vs. AKA The Sling Shot Crusher!! 2nd Post

FX:EURUSD   Euro Fx/U.S. Dollar
See First Chart Post For Specific Details on Both Systems.
this got to be one of the best indicators I have ever seen!
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Thanks...Glad you like it...
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pvasq1 ChrisMoody
I'm a newbie (just sign up yesterday). Do you sell your indicators or do you create them for the website users?
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Currently...all posted indicators are free. Watch this video.

http://videos.tradingview.com/

The second video titled Importing Custom Indicators
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pvasq1 ChrisMoody
OMG! you are a life saver!!!! THANK YOU SO MUCH!!!!!!
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Anytime
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Hey would you please tell me where can I get the codes for mt4 platform?
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Here it is...USGEARS Posted the SYSTEM!!!

https://www.tradingview.com/v/nF1FUwyW/#tc105680
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Algyros PRO ChrisMoody
Great indicator. Thanks.

I was wondering about stop placement. What you say in your description of the indicator makes a lot of sense, Chris; however, a far simpler technique would be to exit a position when the dots start turning blue. Does that make sense?
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Is that a simple answer or method...Yes. We have to be careful and always adapt to the markets we trade. The dots turn blue based on the order of the moving averages. Moving averages Lag. In more volatile markets this can be significant. Since this is a trending system if your in a long profitable move this = trading with the Trend...the Purpose of the indicator. however...."Snap Back Rallies? can be quick and harsh. Example. In Oil and 30 year bonds there are many examples of Price moving through channel and closing right at the opposite side of the channel. But by the time the first dot turned blue you would have given up 2K per contract...vs. the first close through the channel.

But for many securities that would be a great rules based exit.
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