One of the things I like about the Black Dog Forex System, is how flexible it is.

• You can use it to trade ANY currency pair
• You can use it to trade ANY time frame

And while the entry rules are something you want to stick to without fail, how you manage the trade after that is completely up to you.  This means you can fine tune the Black Dog System to meet your needs and fit your particular trading personality, style and needs. This is very appealing, because it is hard to find a ridged system that is flexible enough to meet everyone’s trading needs.

Here is what I mean…

Many traders looking for a Forex trading system to follow want what is called a “Mechanical Trading System”.  This means there are strict entry, stop loss and exit rules.  You just wait for the right entry and then manage the trade as the trading system dictates.

Sounds great, but there is a problem…

What if the completely mechanical trading system does not meet your Forex trading needs?

What if the strict system operates on a time frame you are not comfortable trading?  What if the stop losses are too big for your account size?  What if the currencies the system uses has large spreads you don’t want to have to pay on every trade?  Well, if any of these things keep you from trading the system… then basically the system is worthless!

But that is not a problem with the Black Dog Forex Trading System!

While the rules are strict enough to make this a highly accurate trading system, there are still some things left for you to decide.  This means you can tailor your specific trading plan to your needs and goals. This is very important and something I think a lot of Forex traders miss when looking for a system to follow.

So, if you are still struggling to find the right Forex system to follow because you could never find the one that was “just right” for you… this could be your chance.

Click Here To Get The Black Dog Forex System

I just got these questions about the Black Dog Forex Trading System, and I thought the answers could help everyone, so I placed them here.

Here are the questions…

——————————————————–

I came across your site and had a few questions about the BlackDog course. I am
trying to find the course/program that fits my trading style. I am available to
trade mostly during the US Session. The pair I am focusing in on is the Eur/Usd.
Is it possible even using all or a combination of your systems to reach 25 pips
a day? How accurate are the signals? Will there be enough signals during the
day? What size stop is normal? Any helpful advice would greatly be appreciated.

——————————————————–

First, I just want to say the Black Dog System is not “mine”, it was created by Forex Trader David Atkinson.  This blog is to give other traders an insight into the system and my experience with it. I am a user of the system, not the creator.  I’ll do my best to answer your questions…

The Black Dog Trading System is really 3 different trading systems.  It is a combination of various custom indicators and a strict set of rules to follow.  One of the great things is, it works for any currency pair and time frame… so EURUSD is fine.

I too usually trade during the New York Session, so there is no problem there.  One of the rules is to not trade from about 12 noon until the evening or London Open.  This keeps you out of the slow times.  But I usually am looking for trades anywhere from 7 am EST up until 12 noon.

How many pips are available for the taking depends on the movement of the market… not the system you trade.  So, it is hard to tell… some days there is a lot if movement and well more than 25 pips up for grabs.  Other days are slower and take some work.

One of the great things about the Black Dog System is the alerts you get signifying “potential” trade entries.  You might want to think of monitoring more than just one currency pair. This would greatly increase your options and possibility of hitting your pip target.  For example, you could set up the Black Dog indicators on the EURUSD, GBPUSD and USDSJPY.  If you get a signal on any of them, you could go to that chart and see if you like the entry. Then you could either take the trade or pass.  If you only want to take one trade at a time, that is up to you… but at least this way you would have more options during your limited trading time. (I have it on 10 currency pairs).

There is what I call a price channel made up of 2 moving averages on the chart.  You’ll notice you get signals after a pull back toward this price channel, which keeps the stop loss low.  I usually place the stop on the other side of the channel… with the thought that if it crosses the channel the reasoning for being in the trade is invalid.  Of course, the size of the stop will be determined by the time frame you choose to trade. (A lot of Black Dog traders use the 15 minute time frame… but it works on any time frame.  I personally am drawn to the 1 hour time frame.)

The Black Dog System is one of those rare trading systems that is both strict enough to be highly accurate, and flexible enough to meet just about anyone’s trading style. With the three systems to choose from, and the different currency pairs and time frames… this should meet your needs.

Please take advantage of the private forum and chat room feature.  Like any system you try, you have to learn it first and then practice to sharpen your skills and execution.  Having contact with other great traders using the SAME system as you really helps to reduce the learning curve.

I hope this has helped.  The only real way to find out for sure if this is right for you is to get the Black Dog System and start trading it.

If you have any other questions, please leave a comment and I will answer here…

I got an email today with a question about the test I was doing using the Black Dog Forex System, actually this was the second time I got the question.  So I decided to answer it here for everyone to see. Here is the question…

———————————–

Did you conclude your July test of the above system and if so what were the
results?

———————————-

The truth is… I got sidetracked.

A new service came out called Strignano’s Forex Signals.  I got involved in it an found that it was going to take all my time, and since it is relatively more expensive than the Black Dog Forex System and a monthly fee… I needed to put all my attention here.  Since I own Black Dog, I can always come back to it.

This experience has given me a lot of perspective.  Strignano’s service teaches how to read price action, gives signals and levels and you have to think a lot in order to look at the market like a Bank trader.  There are no indicators at all… except the calculations and levels Tom provides.

On the other hand, the Black Dog system is based on custom indicators. There is less to think about here… you just need to follow the rules.  And for a lot of traders, this might feel more comfortable.  I also think the Black Dog System is better at keeping you from over-trading.

I still have the indicators on my charts and check them regularly.  This system always amazes me at how many great signals it gives.  But I have not been trading this Forex system lately because my attention has been elsewhere.

Just a little note about following my tests…

It seems like you are interested in the Black Dog Forex Trading System.  I highly recommend it and really like the fact that you get ongoing help in the private website, forum and chat room.  I think this makes all the difference.

Even if I posted my results, that’s all they are… MY results.  The important thing is YOUR results. You need to find the system that works for you and fits your personality and trading style.  Then you need to put in the time to become skillful trading that system.  Even with a rules based system using the same indicators… every trader will get different results.

I just wanted to make sure to mention there are no absolutes in Forex.  The best thing you can do is get the system for yourself and dedicate some time to learning how to trade it.  If you like indicator based trading with set rules… the Black Dog System is excellent (in my opinion).

Click Here To Get Started With The Black Dog Forex System

If you have any questions, please leave a comment.

I got some questions about the Black Dog Forex System through email, so I thought it would be a good idea to answer them here so everyone can benefit.

Here are the questions I received by email:

——————————————–

hi – if you are trading the 15min. timeframe with the “blackdog”
system : aiming for
50 -100 pips per day : ( watching 2-4 pairs )

cheers.

——————————————–

How Long In Front Of The Computer?

I know every trader would like absolute answers, but the truth is… there are no absolutes in Forex.  You can only take what the market gives you.  Some days, the markets just aren’t moving at the time period you are trading.  On others, the market moves a lot and 50-100 pips can be made very quickly.

One thing I can tell you is you get many more trading opportunities using the Mini Trend Finder or Mini Trend Finder 2 System.  The original Black Dog System signals less trading setups (but is very effective and you should start here).

Even a system as accurate as the Black Dog System can only give entry signals when the conditions are met.  No system can “move” the market so you can make the pips you want.  So, the best answer I can honestly give is… it depends!

Concerns About Brokers?

If you are concerned about brokers messing around with your trades, I suggest you place your trades using this: Broker Nightmare

How Many Pages?

I don’t know exactly how many pages because the entire 3 systems are explained in detail inside the members website.  Each system is explained in detail.  What I really like about this is it is not just how to set up the indicators and the rules.  David goes over the entire process he went through and why so you can really understand the thought process involved in the system. For me, this is a great confidence builder because you get to understand the WHY behind the system.

I hope this answers your questions.

If you’d like to know more… please leave a comment below.

Edward

I got an few emails from a visitor with some questions about the Black Dog Forex Trading System… and I though my responses might be of use to you.  So I’m going to post some of my replies here…

Without repeating all of the email details, the questions were related to time frame, how long trades last, money management, etc.

“When using the 15 minute time frame, most traders only trade for a short time period… a few minutes to a few hours.  It looks like David likes to pick off a quick 20 pips at a time.  And since he is only going after 50-60 pips a day… he can reach his target in a short time period.  So, keep that in mind… the time period you trade should be based on your daily target.

I like to go after 2-3 target prices.  This means, I like to scale out of the trade and move my stop loss up.  For example, I put on 3 positions.  Once the trade reaches 15 pips (just an example, it really depends on the currency pair), I take off one position and move my stop loss up to break even.  Then I look to take the second position off at my second price target… and the third at the third.

Even if the price come back on me… I’ve already made money on the trade.  But this way I put myself in the position to catch bigger moves.  Of course the price has to reach the first price target.

Success rate is really a combination of the system you are using and YOUR skill.  So, it will be different for everyone.  (it’s like giving two people the same recipe… the food comes out quite different for both).

But keep in mind, if you have your money management right… you can win as little as 40-50% of the time and still be profitable.  One of the good things about this system is it gets you in when the price pulls back.  The stop loss area is tighter… so your risk less.  Then, if you capture profits on some and move your stop loss up, or capture some big moves, your winners will create more pips that the losers lose.  I really like trying to use money management this way because it takes the pressure off me to be perfect all the time (which is impossible).

I’ve tried a lot of systems from ebooks, videos, etc.  I really like this because of the community.  You are not just given something and sent on your way.  You can interact in the forum.  You can trade with other traders in the Live trading chat room.  They are all trading the same system, so you can ask what they are looking at, or follow their lead.  This gives me the confidence I need to keep at the system to improve my skill and actually place and manage the trades.  After this, I’ll never buy another ebook or course that does not have this level of ongoing education.  It really has raised the bar.”

If nothing else, you see I do answer my emails.

Just keep in mind, the Black Dog System is flexible. You can pick the time periods you trade, the currencies and use different exit strategies.  I prefer this because you can use a proven system while tailoring it to your specific trading style, personality and risk tolerance.  I can’t tell you how many times I’ve tested a “100% Mechanical System” that might have worked fine… but didn’t fit the way I like to trade.  And I don’t care how good a system might be… I won’t make any money with it if I don’ actually trade it.

The Black Dog System is strict enough to be very successful, but flexible enough for it to fit my trading personality.

Click Here To Get Started With Black Dog System

While it may not look like it at first glance, the Black Dog Forex Trading System is a multi-timeframe trading strategy. There are a lot of systems that use different time frames in order to trade the Forex market.  But Black Dog does it without having to switch between charts.

But first let us talk a little about muti time frame trading…

Some systems use a Set Up chart on a higher time frame.  Then when a certain condition is met, they drop down to a lower timeframe to search for the exact entry point.  Once the trade is entered, they go back to the Set Up chart to manage the trade.

I like this way of trading because higher time frames are more stabel to trade.  But once the criteria for a trade is met, you need some more detailed info to get the exact entry point.  That is why you go down to the lower time frame.

Another way to use muti timeframe trading is to go to a higher time frame to confirm the direction of the trade. For example, you have a trade setup on the 15 minute time frame and want to make sure you are trading in the direction of the overall trend.  You could then go to a higher time frame and look at the trend.  If both the trend direction on the higher time frame and the direction you want to trade in are the same… it is less risky. On the other hand, if they are going in different directions the trade carries more risk.

The Black Dog Trading System uses the second approach to muti timeframe trading… but without you have to switch back an forth between charts.

Let me explain…

One of the fundamental rules of the Black Dog System is to trade in the direction of the last “Black Dog” Arrow. This arrow reflects the trend on the time frame 4 times higher than the one you are trading from.  (If you are on the 15 minute time frame… the Black Dog is calculated from the 1 Hour time frame).  So, you instantly know if you are trading in the direction of the overall trend as determined by the higher time frame.

This caracteristic alone is one of the reasons trading the Black Dog Forex System is so accurate and keeps losses to a minimum.

One of the great things about the Black Dog Forex Trading System is how easy it is to tell if there is a trade. With just a glance at the charts, you can tell if there is a trade you might want to get into.  If not, you just go about your day.

I’ve mentioned this before…

The Black Dog System uses an easy to read chart setup that can be used on any currency and any time frame.  It also uses a pop up and sound alert system.  When there is a potential trade setup, you are alerted.  Then all you need to do is check the chart the alert happened on and see if you want to get into the trade.

I work on or near my computer a lot… but I don’t want to be stuck looking at the charts all the time. This is why this alert system and the ease with which I can make decisions is important to me.  I don’t want to watch the charts like a hawk all day… but I don’t want to miss opportunities either!

The Black Dog System is fitting my lifestyle very nicely… and taking a lot of pressure off my trading.

Yes, even the Black Dog Forex System can’t claim 100% winning trades.

Every Forex trader knows they are going to suffer losses.  And anyone that says they only make winning trades in Forex is a liar.  But the good news is, you don’t need to win 100% of the time to make money trading Forex.

Success in Forex comes with a proven Forex trading system that get’s you into the market at low risk, high profit potential areas AND uses solid money management. Let’s see how the Black Dog System accomplishes the first necessity, and talk a little about the second.

Watch this video and you’ll see some of what I am talking about…

There are a couple things that I really like about the Black Dog Forex Trading System because it reduces your risk:

1. The Black Dog Arrows are calculated from a higher time frame. The rules state that you should trade in the direction of the last Black Dog Arrow.  And since this arrow is calculated from higher time frames, you are basing your trading decision off of something that is going on at the higher time frame.  For example, if you are trading from the 15 Minute time frame, the Black Dogs are calculated from what is going on at the 1 Hour level.

This limits risk because you are trading with the trend established on higher time frames.

2. The SES (Simple Entry Signals) happens when the there is a pull back towards the Price Channel made up of the two Moving Averages. I use the Price Channel to determine my Stop Losses.  I like to put my Stop Loss on the other side of the Price Channel because if price reaches that point the original reasoning to get into the trade is no longer valid.  Since the signal happens when the price pulls back… it means my risk is usually less because my Stop Loss is tight.

If I get a signal and the price is too far from the Price Channel it makes the risk too great… so I don’t place the trade.  However, this all depends on your money management.

Which is the second thing you need to succeed in Forex!

Forex is not gambling.  If you approach it this way, you will lose… period.  Only risk a small portion of you account balance on each trade.  Make sure the risk (calculated from how many pips you put your Stop Loss), is acceptable in comparison to the potential gains.  Losses do happen, even with a highly accurate system like Black Dog.  But it is how you manage your money that determines your long-term success.

Since the Black Dog System bases its signals on the trend of the higher time frame, I only enter trades with tight stop losses and I only use a small percentage of my account balance on each trade… my losses are few and non-threatening. If I suffer a loss, it will be small… and then I just move on to the next trade.  With the Black Dog Forex System, I know a winning trade is just around the corner!

There is nothing worse than coming to your Forex charts and seeing that you’ve missed all the big moves for the day! That is why the Black Dog Forex Trading System is designed to get your into the big moves.  But this doesn’t mean it is trying to predict tops and bottoms.  Read this post

One of the main rules of the Black Dog System is WHEN to trade. The fact is, there is only so much movement the market gives you depending on the currency pair you are trading.  So, you need to be trading when the market is moving.  Follow the rules!

And fear not, when those big moves do happen, the Black Dog System will advise you of a possible trade setup and let you easily confirm you are getting into a low risk, potentially high profit trade.  First, you will get a SES (Simple Entry Signal) that lets you know the condition MIGHT be right for an entry.  Then you confirm you want to trade by checking the Black Dog and other custom indicators.

If everything looks good… you get into the trade!

It is uncanny how the Black Dog System alerts you to some of the biggest moves of the day.  And you don’t want to miss those… do you?

See If The Black Dog System Is Right For You

The way the Black Dog System is set up, it keeps Forex traders from making a big mistake… fishing for tops and bottoms!

Here is a common mistake I see Forex traders make time and again.  I do the same thing myself and have to remind myself to not make this mistake.  Sometimes we look at the charts in hindsight and everything is so clear we try to adopt a trading plan to maximize our trades.

Let me explain…

When we look at a chart in hindsight, we can see the exact tops and bottoms of the move.  We see exactly when the trend changed and took off in one direction.  We also see the exact spot that it stopped.  We see ALL the pips of potential profit the market offered us and we say, “How can I capture the entire move to maximize my profits?”

Yes, I agree… it would be nice to capture the entire move.  But hindsight is 20/20… where real Forex trading is “blind”.  By that I mean, you can only make an educated guess at what the market will do in the future.  So, trying to predict the top and bottoms of market moves is really asking for trouble (unless your crystal ball is better than mine).

Successful Forex trading systems (like the Black Dog System), wait for the move to prove itself before jumping in. This lowers the risk and keeps you from suffering big losses.  And depending on the exit strategy you use, you should not be looking to cash in on the entire move.  More often than not, the market reverses and eats up your profit.

Here is how I look at it…

I am looking to make a profit first, breakeven second and lose money third.  If I do either 1 or 2 I am happy.  There is no need to kick myself thinking I should have gotten into the move earlier or stayed in longer.  As long as I follow my trading plan and either make a profit or don’t lose any money… there is a big smile on my face!

As far as losing money is concerned… I try not to get too upset about it.  I only enter a trade if I am ready to risk the amount of money if I lose.  If I follow my plan and lose money, I’m not too worried about because it happens.  (And with the accuracy of the Black Dog System, I know a winning trade is just around the corner).  I only get upset with myself if I suffer a loss and didn’t stick to my trading plan.  If I get into a trade when I shouldn’t, widen my Stop Loss or exit the trade on a whim… I make sure to work on that in the future.

When you place a trade, there are a lot of emotions to deal with.  So, it is nice to know that the Black Dog System is designed to get you into low risk, high profit potential trades.  It does not try to predict the tops or bottoms, but gets you into moves at a time where there is plenty of profit to take… without undo risk.  This means I can relax a bit and just concentrate on following the rules once I put on a trade.

It is always safer to make your profits on the middle third of the move.

Click Here To Learn More About The Black Dog Forex System