Forex and futures trading is one of the riskiest forms of investment available and may not be suitable for all investors. Past performance is not indicative of future return.
Neither Adam Landes nor foundationforex are investment advisors, nor are they registered with any regulatory body, nor do they manage funds for the public. Moreover, none of the content of this website is a solicitation for investment.
SLINGSHOT is a fully automated 5-minute candle (M5) based, with-trend, swing strategy. It systematically tries to identify “what, where, when” price-action triggers to position itself for trend continuation in the forex markets.
It trades 8 pairs (AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, and USDJPY), albeit infrequently, trying to catch an incipient trend. It only trades in appropriate time windows and if a resumption of trend is evident from price action within a consolidation zone.
The system incorporates strict money management rules. Per-trade risk is capped at 1.5%. One-third of this is given room to breathe, but for the other two-thirds, partials are taken regularly at M5 swing high/lows. The latter is also de-risked aggressively if faltering. Both types of trade incorporate a hard stop loss, defined by risk, as well as a dynamic stealth level where the trade is abandoned prematurely if the with-trend conditions are in doubt. All trades have interim and final profit targets, at which the stop loss is moved to de-risk further.