Forex Black Book Indicators are based on moving averages best used with hedge reversal trades.
Forex Black Book Indicators Download
The strategy and finer details are built into the indicator so you won’t see the squiggly lines all over the place. All you have to follow is price action. Some of the main features on the chart include:
MT4 Trading Template – Clean, simple and easy to setup
Trend Indicator – This tells you the current trend
Target Levels – These are the target levels when it comes to collecting profits
Up Arrows – Tells you when you should be buying
Down Arrows – Tells you when you should be selling.
Four Hour Charts – The time frame this runs on is a 4 hour chart – Critical piece
Obviously you will want to learn what is happening in the background and that will be taught to you by Dustin’s group. For now just focus on the arrows in the chart. An important aspect of trading the Forex Black Book is the time frame you use. In the beta model you had to set the chart to four hours. The live copy will automatically post a 4 hour chart for you. One of the many things we didn’t get testing the software.
We were asked by Forex Trader’s Daily not to show you some of the finer details of the software. Remember, we were using a beta copy, so we didn’t have a lot of the cool features that live end users will get.
Again, without going into great detail here, we’ve seen some phenomenal results. We received the software in December, but we weren’t too keen on trading Forex, Binary Options or any other market for that matter during this time. We will show you a trade that was setup in December and a couple that occurred in the month of January. Remember this is not a scalpers paradise. This is for the longer term traders seeking out the big moves. It’s all about peeling your trades as they go green. Take profits when in profit and look for the big continuation pattern. There were plenty of trade setups across the board, but we were only looking for the best. Some of the currency pairs we were watching included: EURNZD, EURJPY, USDCHF, GBPJPY, EURCAD, and the CADJPY. Which currency pair will be up to you, but these are the ones we liked watching with the Blackbook.
This first trade occurred in early December. Several things were working here. We saw a nice four days of consolidation near a support level after a serious move down. Once the arrow popped on the screen a trade could be placed. Notice the trend which is the green banner at the bottom, was also in the right direction.
The second trade we want to show you occurred in January. We are looking at the USDCHF on this trade. Notice how the trend was Red in the indicator at the bottom. You can see a bunch of green arrows, but we were only looking for Red arrows. You want the two to synchronize. Finally a trade alerted us to the short side. You can see two opportunities setup within a few days. As we write this review, price is still moving in the right direction. Had you pulled some off the table you could watch the rest run. Again, you are looking for deep moves and need to be patient.
The third trade happened this week as well. Notice the solid green trend indicator telling us to only look to the north side. On January 9th we were alerted to take a long trade. Since then, the trade is up over 400 pips in just a couple of days. Obviously the move was super strong, but it allowed us to get in it. You may want to buy the software right now.
This is what your Trade Station will look like when you have winning trades with Forex BlackBook