Trading Journal Code Name: Black Widow

5 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

We are finally back on the right track. The cammacd.EA managed to close the week with decent profits. The total score was a total of plus 94 pips and +8.5 % reward gained (with 1% risk per setup).

Live Account: 11 Wins, 2 Losses

Markets are constantly changing and we always need to adapt. Without adapting to present market conditions, there is no success. 

At the present CAMMACD consists of 3 modules. Core, SIT and EA. The latest addition is the CAMMACD EA version 2 named “Black Widow”. I have been working very hard to achieve what we expect with the Black Widow. With the help of our coder Carlos Cordero, we have a unique method of trading all sorts of markets, be it ranging or trending. 

The Black Widow CAMMACD system consists of dynamic camarilla indicators with the ATR pivots which are extremely good in spotting reversal trades. 

After 90k profit withdrawal, I again started to trade with 10k and I almost lost it, but thanks to CAMMACD EA V2 I am back on track.  From 10k my account has been up to 100k and after a withdrawal of 90k profits, at this point it’s close to 4.5k again. My plan is to bring it up above 10k again. 

See the screenshot (above) of myfxbook Live Account (Verified). *DrawDown is from profits, not from the deposit as 90.000USD profits have been withdrawn, so I’m trading with 10k only. 

Because the markets have changed due to COVID-19 and huge tension between China and Australia, with upcoming US elections, I have decided to also start a new 50.000 USD account which will be fully verified with myfxbook. With 90k of profits withdrawn, I have decided to start a new account completely devoted to Black Widow setups. All trades which I take with the Black Widow system will be shown in the account. 

Due to the specific risk portfolio of each trader, I urge you to take a look at our SpreadSheet where I have been thoroughly writing down each trade I send in the Telegram channel.

Codename: Black Widow

Due to extreme uncertainty in the markets caused by extraordinary world events such as COVID-19, I needed to readjust some of the methods that I have been using successfully.

The system has been completed and will be advertised on our website soon. The system consists of 5 indicators which have been coded to adjust to PRESENT conditions. Have in mind that the system is INTRADAY and targets are adjusted based on the ATR and dynamic Camarilla pivots.

Some months are good some are bad but without adapting it is impossible to be profitable. If you are interested in taking your trading to the next level with me as your mentor, then you can get both the live trading setups and CAMMACD system that generates them via our website.

Black Widow Trade of the Week

Multiple trades have been taken with the majors, namely GBP/USD. As the system is dynamic as the price action, sometimes we take multiple entries and adjust stops and targets accordingly. 

The main difference from previous systems is that entries,targets and stops are dynamic which means that we might change stops and targets once we take the trade. The basic premise is taken from the market conditions which have changed a lot due to the biggest crisis since the GFC.

If you are more interested in the Black Widow and our live trading setups check out our website

Cheers and safe trading,

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