This Black Dog Forex review is a completely independent review by myself covering fourteen months of daily use. It is an extensive review that has taken into account all market conditions, including times when the 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 trade the system successfully on 4 hour and even daily charts. The test ran from August 2009 to October 2010 and in that time I made 3554 pips at an average of 63 pips per week. These have been very consistent gains with no big losses and a maximum risk of 20 pips per trade. Full details of the 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’s only part of the Black Dog “experience.” The customer service is great, but it’s the community spirit in the forums and live trading room that really makes this the best income generator I’ve ever come across. More experienced traders make daily entries in their online forum ‘journals’ detailing their daily trades with commentary 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 potential setups on your charts.
All brokers have demo accounts that you can load the Black Dog system into and it’s 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 anything wrong with the Black Dog system and I now use it as my main forex trading tool – you don’t even have to look at the charts as the trading signals trigger audio alarms!
All brokers have demo accounts that you can load the Black Dog system into and it’s 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 is hard to find anything wrong with this system and now I use it as my main forex trading tool. You don’t even have to see the charts, as Black Dog signals trigger audio alarms.