This Black Dog Forex review is a totally independent review by me that covers fourteen months of daily use. It is an extensive review that has taken into account all market conditions, including times when markets are at their most difficult.
I used the 15 minute time frame as it was recommended by the author, but it is possible to operate the system successfully on 4 hour and even daily charts. The test has been run from August 2009 to October 2010 and in that time I have gained 3,554 pips at an average of 63 pips per week. These have been very constant profits without big drops and with a maximum risk of 20 pips per trade. Full details of daily results and my own set of rules for using Black Dog can be viewed at the link below.
While the system is great, it is only part of the Black Dog “experience.” The customer service is great, but it’s the community spirit in the forums and the live trading room that really makes this the best income generator I’ve come across. The more experienced trader makes daily entries in the “journals” of their online forums detailing their daily trades with comments and charts, while the trading room contains traders who point out potential trades. Some of the more experienced traders will also give live trading lessons using Black Dog via Skype.
The system itself is based on a number of indicators that are really easy to set up and require an MT4 broker platform. This is the most common Forex charting program and will be available from almost all major brokers. The manuals are well written and it won’t be long before you can spot possible settings in your charts.
All brokers have demo accounts that you can load the Black Dog system on and it is a good idea to run it there for 2-4 weeks; In my experience, it won’t be long before you are confident enough to enter a live account.
It’s hard to find any downsides to the Black Dog system and I use it now as my main forex trading tool – you don’t even have to look at the charts as trading signals trigger audio alarms!
All brokers have demo accounts that you can load the Black Dog system on and it is a good idea to run it there for 2-4 weeks; In my experience, it won’t be long before you are confident enough to enter a live account.
It’s hard to find any downsides to this system and I use it now as my main Forex trading tool. You don’t even have to look at the charts, as the Black Dog signals trigger the audio alarms.