Strategy snapshot and verification
The SlingShot Expert Advisor is presented as a price‑action, trend‑following system that avoids grid and martingale recovery techniques and is designed to be FIFO‑friendly for regulated brokers. Publicly shared live widgets and vendor commentary provide third‑party verification of real‑account trading activity.
Live Test Summary
What the numbers tell us (key metrics)
Trade style: Selective price‑action entries, holding trades from hours to multiple days; designed for controlled drawdowns rather than aggressive compounding.
Backtest snapshot: A representative backtest record shows average trade length around 14h 37m, with mixed profit factor and variable drawdown in that sample—highlighting the importance of live verification over single backtests.
Live verification: Vendor‑published MyFxBook widgets show live accounts and a generally smooth equity curve in the public statement, but traders should inspect trade logs and monthly splits before sizing capital.
Month‑by‑month performance breakdown (how to read it)
Because live MyFxBook widgets update continuously, a robust month‑by‑month review follows this template—apply it to the account snapshot you view:
Month header: Record starting balance, ending balance, net gain/loss, and max drawdown for the month.
Trade count & win rate: Note number of trades and percentage winners; price‑action EAs often show fewer, higher‑quality trades.
Average trade length & direction bias: Capture mean duration and whether longs or shorts dominated.
Largest winners/losers: Flag single trades that skew results.
Equity curve shape: Smooth upward slope indicates consistent edge; stepwise jumps or long flat periods suggest sensitivity to market regimes.
Example (apply to the MyFxBook snapshot): the live statement emphasizes steady, selective entries and controlled position sizing; use the template above to extract monthly gains, drawdown spikes, and trade concentration from the public widget.
Time‑of‑day edge and trade duration
Observed edge: The strategy’s average trade duration (~14–15 hours in a representative backtest) implies it captures multi‑session moves rather than scalps, so edges are realized across London and New York sessions rather than a single hour.
Practical implication: Expect entries near session opens or after volatility clusters, with exits often occurring during the next session or after momentum fades. Monitor trade open timestamps on the live widget to confirm whether the EA favors London open, New York open, or post‑news windows.
Risk profile and drawdown behavior
Conservative design: The EA avoids martingale/grid and limits concurrent trades, which reduces catastrophic risk but does not eliminate drawdowns.
Backtest caution: Some backtest snapshots show large drawdowns under certain parameter sets; live results and position sizing rules are the decisive factors for real‑world risk.
Short checklist for safe live deployment
Broker & latency: Use a reputable ECN broker and low‑latency VPS; vendor materials recommend brokers such as IC Markets for stable execution.
Start small: Deploy on a small live balance or a funded account to validate execution and slippage.
Verify settings: Match EA settings to the vendor’s live configuration and confirm FIFO/hedging compatibility with your broker.
Monitor monthly: Produce the month‑by‑month template report and review for unexpected concentration or drawdown spikes.
News and risk windows: Disable trading around major news if your broker widens spreads; confirm the EA’s news filter behavior.
Backups & updates: Keep a tested backup of settings and apply vendor updates in a controlled manner.
Final takeaways
The public MyFxBook statement published by LeapFX Trading Academy provides useful transparency for the SlingShot Expert Advisor, but traders should combine month‑by‑month extraction, time‑of‑day analysis, and conservative sizing before live deployment. Use the checklist above and verify execution on a broker such as IC Markets to reduce operational risk.
