Currency Pair Traded: EURUSD

Broker: FXCHOICE

Risk: 10%

The BlackPlus is primarily systematic (automated or “black box”) trading but includes a small amount of discretionary analysis / input in certain market conditions. The trading methodology is based on trend based price movements in multiple markets. The system starts by taking a micro snapshot of 1 particular currency pairs that may be headed then confirms the trend to determine a dynamic entry levels either on the EURUSD.

By using technical analysis and third-party aggregated economic data points the system is able to build a long-term view in the direction of a macro trend and take advantage of intra-day movements.

The BlackPlus develops a shorter term trading outlook for the EURUSD over the course of 48-72 hours, to take advantage of market opportunity. Other factors include analysis of trading ranges, market trends, and support/resistance points using proprietary indicators that determine levels for trading. Dynamic stops and targets are internally managed by the system as trading progresses.

Note: You can experience multiple small losses in a row but the profits are usually greater than 2-4 times greater than the loss.