So what's all the hype about the Black Dog System.

Put simply the Black Dog System is an excellent piece of trading software.  It is a piece of MeteTrader4 software script, which you download onto your PC platform of MetaTrader4.  You get 7 templates in total, all designed to PLUG AND PLAY on the Black Dog System.

The system is programmed to work on ANY FOREX MARKET  such as the Majors, Euro/$, GBP/$, $/CHF, S/JPY, and the crosses such as the Euro/GBP, Euro/CHF, Euro/JPY, GBP/JPY, GBP/CHF and CHF/JPY. One main difference between the Black Dog System and a lot of other Forex systems is that, other Forex systems tend only to work on the Euro/$. The Black Dog System works on all markets!

The Black Dog System itself is very simple to operate. It gives you a series of Black Dog Arrows to follow.  These are either an up or down arrow. This is the direction in which you which you want to be trading. This is like your DAILY DIRECTIONAL indicator. You then simply wait the actual BUY/SELL signal to be given, but ONLY trade in the direction of the Black Dog Arrow, never against it.  So if the Black Dog arrow is up, you only look for long entries.  If the Black Dog Arrow is down, you only take short entries.  It is as simple at that.  Once you get the entry signal, you take your position with the appropriate stop loss and target price.  Take a look at these examples:

The beauty to this system is that, by buying in the direction of the Black Dog you are ALWAYS buying in the direction of the trend, and this means there is always a HIGH PROBABILITY that the trade will go in your favour.  However, every proper trader knows that the markets are UNCERTAIN and RANDOM.   Therefore, even with the most highest probability trade, there is still no 100% CERTAINTY that the next trade will go in your favour.  However with the Black Dog System the advantage is that, when the trade does go against you, because you were trading in the direction of the trend (remember the DAILY DIRECTIONAL indicator) the drawdown on your account will be very limited with the tight stop loss.

What you will get with the Black Dog System is that, you will NOT trade all the time, but what you will get is CONSISTENCY in terms of only trading with the trend and having limited drawdown on your account.

Setting up the Black Dog System does not take more then 10 minutes.  It is based on a PLUG & PLAY system.  You simply download the templates onto your MetaTrader 4.  That's it.

Another good feature of the Black Dog System is that it prevents you from OVERTRADING. This may seem strange but consider this. There was a very prominent Hedge Funds trader who was called in my a famous bank, because they said in the morning their traders made money, but in the afternoon they lost all the money they made. Do you know what he advised the bank. He said: “Don’t trade in the afternoon!”. Guess what they did and there profits went up 100%. Why do you think those so called Forex Robots do NOT trade all the time. They only take high probability trade setups.. So whilst you may think you are losing out because you are not in the market, you are actually preventing drawdown. The Black Dog System prevents this OVERTRADING. How? When it does tell you to go long or short, it is only does so when it has identified a HIGH PROBABILITY TRADE SETUP, which stacks the odds in your favour. This means that you will trade LESS FREQUENTLY, but when you do it will be for MORE PROFITS.

Good – A good thing about the Black Dog System is that it really simple and works, and allows you to have some input in your trading, rather then just trading in a robotic way.

The Bad – The only downsize to the Black Dog System is that, it works best on a 5 minute time frame, and not on any smaller timeframe. Some traders have however found that it works well on a 15 minute time frame as well. However, as far as I am concerned, this is a minor point, as this is a FANTASTIC piece of kit.  This therefore gets 10/10.