Blackwave Pacific
Rank #260, Real, USD, IC Markets , 1:500 , MetaTrader 4 , $69/Month
Blackwave Pacific
Rank #260, Real, USD, IC Markets, 1:500, MetaTrader 4, $69/Month

Strategy


The strategy is a manual grid strategy and occassionally an EA. 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 extraordingary 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%


This strategy has produced excellent profits since 2015 and is now one of the oldest strategies on most copy trading platforms. It is the inspiration for three MAM accounts
managing $2m 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.
Links below to Blackwave Money Accounts which demonstrates my personal commitment to this strategy.

Gain Chart
4 Hours ago
Advanced Statistics
  • Balance: $242,207.87
  • Equity: (98.99%) $239,758.83
  • Floating PL: -$2,449.04
  • Deposits: $175,491.59
  • Withdrawals: $129,082.59
  • Trades: 1,757
  • Pips: 101,350
  • Won: 78%
  • Avg. Trade Time: 8d
  • Lots: 753.72
  • Profit Factor: 4.98
  • Daily: 0.21%
  • Monthly: 6.50%
  • Trades Per Month 34
  • Expectancy: 57.7 Pips / $111.44
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
11.15.2019 14:13 11.15.2019 16:59 EURCHF Buy 1.95 - 1.09385 1.09173 1.09353 18.0 340.95 2h 45m +0.14%
11.12.2019 17:47 11.15.2019 14:04 EURUSD Buy 1.95 - - 1.10080 1.10318 23.8 341.74 2d +0.14%
11.12.2019 11:12 11.15.2019 14:04 EURUSD Buy 1.90 - - 1.10270 1.10320 5.0 -24.24 3d -0.01%
11.11.2019 15:05 11.12.2019 10:54 EURGBP Buy 1.90 - 0.86050 0.85709 0.85924 21.5 498.76 19h 49m +0.21%
11.08.2019 14:22 11.08.2019 20:04 EURGBP Buy 1.90 - - 0.86154 0.86281 12.7 294.87 5h 42m +0.12%
11.07.2019 20:00 11.08.2019 03:03 EURAUD Buy 1.90 - - 1.59925 1.60531 60.6 766.10 7h 2m +0.32%
11.07.2019 17:20 11.08.2019 03:03 EURAUD Buy 2.00 - - 1.60113 1.60501 38.8 506.51 9h 42m +0.21%
11.07.2019 14:13 11.08.2019 03:03 EURAUD Buy 1.90 - - 1.60624 1.60498 -12.6 -191.01 12h 50m -0.08%
11.05.2019 20:31 11.07.2019 14:00 EURGBP Buy 2.05 - - 0.85913 0.86343 43.0 1064.11 1d +0.45%
11.05.2019 17:03 11.07.2019 14:00 EURGBP Buy 2.00 - - 0.85982 0.86355 37.3 891.92 1d +0.38%
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No Open Orders.
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Other signals by this trader
Rank Name Gain Pips DD Trades Type Monthly Chart Price Age Added Action
222 Blackwave California 177.1% 43,481.6 23.1% 1047 Real Loading... Loading... $30 3y 4m Dec 26, 2016
310 Blackwave Alpine Client 870.76% 41,949.7 43.7% 1958 Real Loading... Loading... $45 2y 9m Jun 27, 2019
341 Blackwave Australia 4,318.05% 38,705 54.7% 1593 Real Loading... Loading... $30 4y 4m Jul 22, 2015