My Black Dog Rules

A few viewers of the blog have asked me if i have any specific rules i apply to my trading of the Black Dog Forex system so i just wanted to record them somewhere for easy reference.

First of all i’ve got to say that these rules are on the Black Dog members site in various places so i’m not claiming them as my own - i just wanted a central place to have them listed altogether so i & others if they want to can refer to them.

the first rule for me is the 1hr MACD has to be the right colour for buy/sell and the lines have to be in the right order to confirm the trend. only then can i look at possible entries.

my entries now are basically going to be made off the 15 ema - if the price has gone through it & bounced off or gone through it & is now reversing to come back through (as long as MACD still right obviously) its a trade.

Close of trigger candle has to be maximum 15 pips from ema including the ‘3 pips past high/low point’ of previous candle. ie if the wick of the previous candle was 11 pips from 15 ema i will enter when the price has confirmed the move by moving past the level which is 14 pips away.

Once the profit has gone to +10 move to b/e and @ +15 move to +10. 20 pip profit target and 20 pip hard stop. dont trade 1/2 hr either side of major news announcements.
Some more reviews of the system here