Shot strategy for binary options. Sling Shot Trading Strategy

By working with the Sling Shot trading strategy, you can make sure that effective and simple trading are completely compatible concepts. Trading strategy Sling Shot is a trending strategy. You don't need any additional apps to download to get started with the strategy. All you need is a live chart, we recommend that you go to the chart using the link below:

The profitability level of this trading strategy is significantly higher than that of rebound strategies.

Setting up an online chart for trading with Sling Shot is very simple and quick. Select the “Indicators” button on the chart, then the “Public Library” button and among the options find the trading strategy CM_SlingShotSyst em.

Once the chart is set up and the strategy is added, you will see green and red arrows. These arrows will become your signals for future purchases of options.

after adding a trading strategy to the chart, you will see green and red arrows - these will be the signals to buy options.

Green arrows indicate an increase in price - you can buy an UP option.

Red arrows indicate a decrease in price - you can buy a DOWN option.

The time interval on the chart should be chosen as 1 minute, and it is better to open options for 30 minutes. You need to purchase options on the index arrow, but after the candle closes.

Trading options using a trading strategy Sling Shot on the Binarium broker platform, we received impressive results. 89% of transactions were closed profitably.

Apply a trading strategy Sling Shot, when a pronounced trend is visible, if the price goes sideways, then it is better not to open trades.

We remind you that you can discuss this and other strategies in our Skype chat ()

Trading binary options, according to those who have tried it, is much easier than any other financial instruments. But do not think that such trading does not require any special knowledge. A trader must correctly analyze the market and determine the trend in order to purchase the desired option.

There are many methods for this, but if you lack experience or do not want to spend time on analysis, we recommend using one of the strategies that allows you to trade, focusing only on the signals generated by the system. One of the simple but very profitable vehicles can be called the strategy Sling Shot, which we will talk about in this article.

Where to find Sling Shot and how to use it

You can find the Sling Shot strategy directly on the website https://ru.tradingview.com/, where, in addition to the platform itself, various indicators and analytics are offered. To install the TS, go to the chart of the trading platform and select “Indicators” in the top menu.

After that, in the drop-down window you need to select “Public”, and on the right in the list - CM Sling Shot System.

The price chart will display the main elements of the trading strategy. As you can see in the figure, these are two curves that are colored green if the trend is upward and red if the trend is downward.

The signal to buy an option will be a green or red arrow. In the first case, it is recommended to enter into a trade for an increase, and in the second - for a decrease. Naturally, you need to take into account the color of the lines described above.

As you can see, trading using this strategy is very simple, because all a trader has to do is wait for the corresponding signal to appear.

Additional signals

To improve trading performance, it is recommended to install an additional filter indicator on the chart in addition to the strategy itself. For these purposes, for example, Squeeze Momentum Indicator is suitable. It is displayed under the price chart in the form of green and red bars. Green ones confirm the presence of a bullish trend, and red ones confirm a bearish one.

Now the appearance of the arrow should be confirmed by a bar of the corresponding color on the indicator chart. In this case, to purchase an increase option, the following conditions must be met:

• A green arrow appears on the price chart;
• The indicator bars turned green;
• The CALL option ("Higher") is bought at the opening of a new candle.

To buy a put option, the conditions are exactly the opposite:

• A red arrow appeared on the price chart;
• The indicator bars turned red;
• The PUT option ("Below") is bought at the opening of a new candle.

These brokers with available accounts are well suited for trading using this system:

• Binomo (from $10);
• Olymp Trade (from 350 rubles).

The decision about whether to use additional signals is made by each trader independently. As practice shows, the Sling Shot strategy demonstrates good results even without such a filter.

Features of the Sling Shot strategy on binary options

For work, it is recommended to use the M15 time frame, although you can also find recommendations that you should trade on the M1 time frame. As for the expiration period, opinions agree: it should be 30 minutes.

When choosing the system described above for yourself, you need to remember that it will only be effective in a trending market. In case of lateral movement, the likelihood of obtaining positive results is reduced. Be sure to follow the rules of money management, risking no more than 5% of the deposit amount per transaction.

Some traders combine the described rules with the martingale system, which also increases the potential profit, but this becomes possible only if you have an impressive account that can withstand a large number of losing trades.

Traders who have chosen this strategy should remember that trading is not recommended during the release of important news that could lead to unpredictable market behavior. The economic calendar, which is located, will help you find out about their appearance in a timely manner.

Sling Shot Market Strategy binary options has clear advantages over many other systems. Firstly, even a beginner can fully use this vehicle, and secondly, it belongs to the group of highly efficient systems.

The vehicle also has disadvantages. Since the signals for buying an option are based on indicator readings, they cannot be considered 100% reliable, because there are situations when these auxiliary tools are redrawn.

However, in favor trading system say numerous reviews from satisfied traders, so it can be recommended for testing and use. If all the conditions described above are met, the result of the work should please you.

Not all custom indicators have the property of being redrawn. For example, the "Raccoon" strategy for binary options trading is different high efficiency at practical application. The system involves the use of custom indicators:

• Squeeze Momentum Indicator;
• CM Sling Shot System.

These tools are upgrades from standard computer analysis tools. The developers slightly changed the algorithm and standard parameters, which made it possible to achieve greater profitability in trading.

Detailed description of the strategy

The "Raccoon" trading system is based on the work of two custom indicators: Squeeze Momentum Indicator and CM Sling Shot System. When installing them, it is not recommended to change the standard settings. These tools are not provided by the developers of trading platforms, so you can either download them for free from specialized information resources, or use the free analytical online service www.tradingview.com/chart. To enjoy everyone functionality platform, it is recommended to complete a quick registration.

The "Raccoon" strategy is designed for intraday trading with high market volatility. Analytical work will be carried out on a price chart with a time period of M1-M5. When testing the system, it was possible to identify the percentage of profitable transactions for which the indicators displayed signals to open in 90% of cases. This profitability indicator makes it possible to use the Martingale method comprehensively, which will allow you to instantly compensate for losses if the forecast does not come true.

The CM Sling Shot System indicator is trending. This is a combined tool developed on the basis of exponential moving averages. Squeeze Momentum Indicator - oscillator. B algorithm of this instrument The principles of operation of the standard MACD and Momentum indicators are laid down. Visually it is a histogram, which is built in an additional window at the bottom of the terminal. Acts as an auxiliary filter. As an independent analytical tool, this indicator can be used to identify divergence and determine the current trend. For this purpose, the developers have provided a zero level.

Trading Rules

The signals for buying a bullish option using the "Raccoon" strategy are as follows:

1. The moving bars of the CM Sling Shot System indicator should be colored green, and the price chart should be plotted above these lines.
2. The histogram of the Squeeze Momentum Indicator should form above the zero level.
3. The recommended expiration period should be no less than 10 and no more than 15 minutes. If the appearance of trading signals is tracked on a chart with a period of M1, then this is 10-15 candles.

An example of a successful transaction to buy bullish options:

The use of third-party indicators not provided by the creators of the strategy is inappropriate. This will only confuse the novice trader and will not allow him to achieve the expected profitability.

Signals for buying down options are as follows:

1. The moving bars of the CM Sling Shot System indicator should be colored red, and the price chart should be plotted below these lines (the indicator signals can be interpreted as potential support/resistance levels).
2. The histogram of the Squeeze Momentum Indicator should form below the zero level, and the bars should be colored red.
3. The recommended expiration period is similar to Call options.

Example of a successful short trade:

The maximum risk for each transaction should not exceed 10% of the deposit. If the Martingale method is used, then to reduce risk the amount of the initial investment should not be more than 2%.

Advantages and disadvantages of the system

If the advantages of the Raccoon strategy are obvious, then the disadvantages should be paid attention to. The main and perhaps the only serious disadvantage of this system is the time interval of the M1 chart. On the one hand, this makes it possible to significantly increase the amount of initial investment for a relatively a short time, however, the abundance of market noise is fraught with a large number of false signals during trading day. To reduce potential risks, it is recommended to consider charts from H1 to H4 as the main timeframe for analysis. This will significantly reduce the number of transactions, but will allow you to minimize losses even without applying the doubling principle. In addition, if the broker provides the possibility of early redemption of contracts, at long time intervals there is a much greater chance of exercising the option, albeit with minimal profitability.

"Raccoon" strategy - innovation system for making money on binary options. Thanks to easy-to-understand indicator signals, even novice traders can make money using this tactic.

During the experiments, we came across the fact that the “Raccoon” strategy does not work for everyone trading platforms. In particular, we were unable to implement it on the Olymptrade and Dukascopy platforms. We don’t know why this happened, we attribute it to technical features plotting. At the same time, “Raccoon” works great for brokers

Live Chart is a unique trading tool that is an indispensable assistant for every trader in the struggle for correct market analysis and making profitable transactions. In addition to the fact that it includes almost all currently known classic indicators technical analysis, and the extended version on the official website has a large set of ready-made trading strategies.

We continue to study these tactics and test their suitability. Today in our review we will test the Shot System tactics.

The essence of the trading system is that we will simultaneously monitor market dynamics and also take into account oversold and overbought zones on oscillator indicators.

In our strategy, we will not use classic indicators with standard settings, but public indicators practiced by other experienced traders:

CM Sling Shot System

Squeeze Momentum Indicator

Finding them is not difficult; they are located in the “Public” section in the Live Chart menu.

We will be working on a 15-minute chart, so be sure to change it to the appropriate timeframe. So our work schedule should look like this:

At first, the chart seems overloaded with unknown indicators, and besides, they are all colored. But once you figure it out, you will understand how simple everything will turn out to be in the end. In fact, the strategy is very simple and understandable.

The main feature of the CM Sling Shot System indicator is its arrow signals. Thus, you do not have to analyze the chart yourself using several indicators; CM Sling Shot System will do it for you. Moreover, it generates signals and displays the final one in the form of arrows that indicate the further direction of movement.

Although Sling Shot System is quite reliable, we would still recommend checking its signals with another additional indicator, which we have is the Squeeze Momentum Indicator.

Buying an option Higher

We open a trade for an increase at the moment when a green arrow from the CM Sling Shot System indicator appears on the chart. After this, we need to wait for confirmation from our Squeeze Momentum Indicator oscillator. On it, the histogram should intersect with its conditional zero level, and then turn green. This will indicate that an uptrend has emerged on the chart.

The screenshot above shows shining example a successful bullish trade that was concluded using this trading tactic.

It is worth noting that the CM Sling Shot System is capable of generating many signals, but not all of them will be processed successfully. That is why we use a second oscillator, which filters signals from the first indicator and is able to leave only the most profitable ones.

Buying an Option Below

With downward trading, the situation is exactly the opposite. CM Sling Shot System gives us a red arrow - this is a signal to change the trend to downward. Next, we wait for confirmation from our oscillator. To do this, the Squeeze Momentum Indicator must cross the zero line and go down, turning red.

In this case, the signal candle is always painted in a light shade.

So, as we have seen, this is a very simple trading strategy that brings quite good profitability indicators. The only negative is that it can give signals very rarely, perhaps even 2-3 per day. Therefore, you need to be patient and carefully monitor the schedule. But although they are rare, they are effective and accurate! Of course, you can use the Shot System tactics on 5-minute timeframes, but there will already be a high probability of false signals appearing there.

The Shot System can be used with the same probability of success on any trading assets. It is completely universal.

As for the expiration date, it should be exactly twice your timeframe. That is, in our case we set it for 30 minutes.

On this moment The Sling Shot strategy is very effective and at the same time easy to understand for beginners. To use the signals for this strategy, you should open an online chart on the official TradingView website.

This trading strategy is trendy, so its profitability indicators are excellent. Now let's start setting up the schedule. Click on the “Indicators” tab, then click on “Public Library”, after which select CM_SlingShotSystem from the list of provided strategies.

After this, the chart will be automatically adjusted and the necessary indicators will be inserted. Now you see red and green arrows on the graph. We will be guided by them. Green arrows signal upcoming growth, but red arrows, respectively, signal a fall.

The screenshot above shows examples of opening trades ABOVE for binary options. We see that a good upward trend has begun, which means that on any downward rebounds it is worth opening buy transactions.

Now let's look at examples of opening trades BELOW. In the picture we see a strong downward trend, which means we have an excellent opportunity to trade downward with each upward correction.

As for the timeframe, you can take 1 minute. We only set the expiration period to 30 minutes to eliminate market noise and have enough time for the trend we need.