Black Dog System

Black dog system is a forex trading strategy which is based on the moving averages and the MACD (moving average convergence divergence). It is a very simple trading strategy. Even the newbie traders can understand the black dog system. However, understanding a system and mastering it with discipline are two different things. Mastering the system is concerned with the practice and the discipline while understanding is having knowledge of something. Knowledge alone is not sufficient to succeed in trading business. Only the key to success in forex trading is self discipline. You should also have a proven strategy/system that really works. It doesn’t make sense if you are practicing the system with full discipline and dedication when the system itself is a failure. You are luck y to be here. We share the system that are proven and well tested on historical price data.

Good system is not that one which generates 100% winning result. No any system can deliver that level of result. It is all about common sense. Common sense makes sense in the market. For example a system may show sell signal in the correction of an uptrend. So an undisciplined trader will sell off blindly following the system and he will lose and blame the system. It seems that the commonsense is lacking in the trader.

Let’s get back to the Black Dog System. This indicator uses only three types of technical indicator to generate the trading signal. When the black dog system is correctly installed on your system your trading chart will look like this:

• XP Moving Average: It is a combination of two moving averages forming a channel. We will be selling and buying according to this channel. The channel is green in bullish market and red in bearish market.
• MACD: MACD in this system works as a confirming tool. It moves in and out of bullish and bearish territory.
• Arrows: Arrows are the final confirmations before we execute a trade. You would be buying when a blue arrow facing towards the north appears on the chart and selling when a red arrow facing towards the south appears on the chart.

Buying Conditions Using Black Dog System.

1. Price should be within the range of XP moving average channel.
2. A blue arrow should appear below the price chart.
3. Wait for the MACD to rise to the positive territory. Buy as soon as the MACD is in positive territory.
4. Place your stop just below the recent swing low.
5. You should take your profits when the MACD histogram crosses red line to the downside on the MACD indicator window.

Selling Conditions Using Black Dog System.

1. Price should be within the range of XP moving average channel.
2. A blue red should appear above the price chart.
3. Wait for the MACD to plunge to the negative territory. Sell as soon as the MACD is in negative territory.
4. Place your stop just above the recent swing high.
5. You should take your profits when the MACD histogram crosses red line to the upside on the MACD indicator window.

Open demo account to test this system.

Download Free Forex Black Dog System