04/05/2010 by admin.

I had 1 winning day & another breakeven day at the back end of last week with Black Dog Forex. Thursdays trades made 45 pips & Fridays was breakeven. Broken down as follows;

You can get more details here Black Dog Trading System

Thursday
gbp/usd 15.15 +20
eur/jpy 10.30 +20
usd/chf 07.45 -15
usd/cad 08.00 +20
nzd/usd 15.00 b/e

Friday
gbp/usd 17.00 b/e
usd/jpy 13.30 -20

Running total +1671 pips

Black Dog Forex Trading Review

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04/05/2010 by admin.

Just had an email from 1minutedaily announcing the release of an EA (expert advisor) for their system. Apologies to those of you who know what ‘expert advisors’ do but for those that don’t this basically means that you can attach a piece of software to your MT4 charts and it will trade those charts (GBP/USD & USD/JPY in my case) automatically for you following your set criteria.

The number of options you have is pretty impressive ie trailing stop levels, money management ie risk a % of your balance on each trade to allow for compounding to work, set number of pips above the breakout to enter the trade etc etc - the full list is below.

This is currently being offered as a free download to existing customers and they haven’t increased the price of the whole package for new customers yet from $86. They may not increase the price but at the moment this is looking amazing value & i wouldn’t be surprised if they do increase it.

There is no mention of it on the site yet but it was only launched today so i presume it will be at some stage. The whole system including the EA can be downloaded from here

• The Daily EA trades the breakouts from the range defined by the Range_Start and
Range_Hours. The trade executes at the market price right after breaking out of the range.
• The range is considered to be broken if the price exceeds the upper or lower band at a small
amount of pips defined by the Breakout_Pips (it can be 1 pip).
• For every order, Take Profit and Stop Loss are placed.
Note: For compatibility with all brokers, the order is executed first and then the Take Profit and Stop Loss are
modified.
• A certain amount of pips or the range height can be used for Take Profit.
• A certain amount of pips or the range height can be used for Stop Loss.
• There exists a better Stop Loss level just below the lowest low, or above the highest high of the
latest few bars.
• To protect the profits, a Trailing Stop feature can be implemented. When the trade moves a
certain amount of pips in your favor, the Stop Loss will be automatically modified.
• The Trailing Stop feature can also be configured so that the Stop Loss always moves to the
lowest low or the highest high of the latest few bars.
• Using the Range Filter, you can set up the maximum range. If the range is too wide, the trade
won’t be triggered.
• Set up the time interval when trading is allowed.
• Day of the week trading edge.
• Money Management.

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04/05/2010 by admin.

I suppose we are going to have a bad run with this system at some stage but for the time being the superb run continues. On the USD/JPY we had a trade complete from the 28th, a double loser on the 30th and winner from yesterday to leave us a couple of pips ahead. The GBP/USD though just had 3 straight winners - for a total gain of around 250 pips.

For more info please click here

GBP/USD

April +402 (please see previous posts for details)
May
3rd +100
4th +80
Total +582

USD/JPY

April +307 pips (please see previous posts for details)
May
3rd +30
Total +337

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