A hard trading week is behind us. Thanks to the excellent Money Management approach with Black Widow trading, we ended the week around BE (break-even).
The negative pip count is mostly due to Gold as the pip calculation is different than in Forex. The Final result is 6 Wins, 7 Losses, -394 pips but +0.89 % gain.
The Black Widow uses a special money management method called: Inverted Pyramiding or Controlled Martingale.
Members who are with the ecs.LIVE have a complete understanding of the Inverted Pyramiding management.
This way we ensure that even if the trading week is not easy to trade, we can get positive results or at least keep any loss small.
Although this week ended up at around break-even, the total 17-week result remains staggering with 146 wins (72.3.%) and only 56 losses (27.7%).
This is the summary of our trades with the ecs.LIVE channel group:
As you can see, 6 out of 13 trades are winners.
We haven’t had a single losing month since the inception of the Black Widow. But you need to know that losing months are perfectly normal and when they happen they will be reflected here.
Due to the specific nature of the Black Widow system we trade with Inverted Pyramiding money management. This week’s saviour was the NZD/CAD which made 55 pips with 4.5 % total risk.
Cheers and safe trading,