Blackwave Australia
Rank #314, Real, USD, FXCM , 1:20 , MetaTrader 4 , $59/Month
Blackwave Australia
Rank #314, Real, USD, FXCM, 1:20, MetaTrader 4, $59/Month

Update: FXCM are moving the regulator from London to Cyprus due to BREXIT and moving these funds to a new account number. This is a huge shame as I will lose five year’s worth of data, but due to subscribers requests I will create a new Blackwave Australia when FXCM’s process is completed. It is all due to happen in February 2021. Sorry for inconvenience.

Manual Grid System created in 2015 with about $600 making it one of the oldest signals on this website. I honed my grid skills with this account. In my view it's high risk but looking around signalstart apparently it's not :-).


These days I manage over two million dollars across various managed accounts at IC Markets but this tough old account at FXCM is close to my heart. I don't foresee making a withdrawal and actually I am happy to ride this for another ten fold increase if the markets and my skills permit.


Blackwave Strategy - Basics


The strategy is a manual grid strategy. While it has traded exotic and EM pairs profitably in the past it only trades major and minor forex pairs now to reduce
the cost of SWAPS and the inherent political/geographic/economic uncertainty around many exotic/EM pairs. When markets are overbought or close to overbought trades are opened
counter-trend. When profit targets are hit trades are closed. If the market continues to move against the initial position then a second trade is opened based on candlestick
price action and how the market is trading/pending news etc. Up to 12 positions maybe opened.

When markets are oversold or close to oversold trades are opened counter-trend. When profit targets are hit trades are closed. If the market continues to move against the
initial position then a second trade is opened based on candlestick price action and how the market is trading/pending news etc. Up to 12 positions may be opened.

Risk control is achieved through position sizing. Position sizing MUST be the most important feature of the strategy because there is no hard stop loss and no hedging.
People will often happily accept extraordinary profits and only query the strategy when they experience a stressful drawdown in their own account even while the master account
remains quite safe. This is because they have failed to understand how crucial position sizing is for the strategy.

While there is no hard stop loss there is a soft one which is market dependent and as follows;

Blackwave California - Target 15%
Blackwave Pacific - Target 35%
Blackwave Alpine - Target 50%

Blackwave California $3000 = 0.01 lots
Blackwave Pacific $1700 = 0.01 lots
Blackwave Alpine $1000 = 0.01 lots


now is one of the oldest strategies on most copy trading platforms. It is the inspiration for three MAM accounts
managing $3m of other peoples money. I never place trades in client accounts that I do not wish to place in my own accounts too and as at June 2019 my own commitment to this
strategy across all three risk levels is $190k.

These are the basics. To give any more information would be to reduce my flexibility and take away the major advantage of a manual strategy and make it effectively automated.
As a former stockbroker I like to watch all markets at once and get a sense of what's going on rather than put blind faith in back-testing which in the end only tests the past.

Gain Chart
1 minute ago
Advanced Statistics
  • Balance: $33,503.74
  • Equity: (100.00%) $33,503.74
  • Floating PL: $0
  • Deposits: $1,227.51
  • Withdrawals: $2,225.19
  • Trades: 1,992
  • Pips: 44,454.9
  • Won: 79%
  • Avg. Trade Time: 9d
  • Lots: 175.33
  • Profit Factor: 3.31
  • Daily: 0.22%
  • Monthly: 6.79%
  • Trades Per Month 30
  • Expectancy: 22.3 Pips / $17.32
Monthly Select a month to analyze, click and drag to zoom in
Symbols
Activity
Open Date Close date Symbol Action Lots SL TP Open Close Pips Profit Duration Gain
26.01.2021 17:14:35 27.01.2021 16:43:57 GBPUSD Sell 0.33 - - 1.37251 1.36696 55.5 183.15 23h 29m +0.55%
26.01.2021 14:51:02 27.01.2021 16:43:56 GBPUSD Sell 0.32 - - 1.37012 1.36695 31.7 101.44 1d +0.31%
26.01.2021 11:21:56 27.01.2021 16:43:55 GBPUSD Sell 0.32 - - 1.36508 1.36695 -18.7 -59.84 1d -0.18%
26.01.2021 13:28:54 27.01.2021 16:43:51 GBPUSD Sell 0.32 - - 1.36696 1.36690 0.6 1.92 1d +0.01%
26.01.2021 16:05:27 27.01.2021 16:07:28 USDCAD Buy 0.33 - - 1.27079 1.27692 61.3 158.42 1d +0.48%
26.01.2021 10:59:05 27.01.2021 16:07:26 USDCAD Buy 0.33 - - 1.27482 1.27687 20.5 52.98 1d +0.16%
26.01.2021 09:51:25 27.01.2021 16:07:19 USDCAD Buy 0.33 - - 1.27790 1.27680 -11.0 -28.43 1d -0.09%
27.01.2021 00:10:34 - - Deposit - - - 0.05 - -
27.01.2021 00:10:34 - - Deposit - - - 0.05 - -
27.01.2021 00:10:34 - - Deposit - - - 0.06 - -
Page of 1494
No Open Orders.
No Open Trades.
Other signals by this trader
Rank Name Gain Pips DD Trades Type Monthly Chart Price Age Added Action
252 Blackwave California 266.85% 54,465.8 23.1% 1441 Real Loading... Loading... $30 4y 7m Dec 26, 2016
360 Blackwave Pacific 4,956.24% 112,677.7 50% 2161 Real Loading... Loading... $69 5y 5m Nov 21, 2015
362 Blackwave Alpine Client 1,736.59% 52,549.2 55.6% 2493 Real Loading... Loading... $30 3y 11m Jun 27, 2019