Black Widow continues to reign. Despite the internet problems which I had with one trade (my internet connection was cut off), the outcome last week was once again positive.
Let’s review the stats and the trade of the week with the highly awaited Black Widow.
Being fully focused on the Black Widow system, both myself and traders who subscribed to our ecs.LIVE has been enjoying nice gains. This week has been slow but we managed to score 40 pips.
This is the summary of our trades with the ecs.LIVE channel group. Have in mind that the 2nd trade GBP/CAD should not have been the loss if my internet had been working fine.
|1||Sep 7||GBP/USD||Long||1.317||0.5 % risk||Loss||-40|
|2||Sep 8||GBP/CAD||Long||1.722||1 % risk, frozen platform problem||Loss||-40|
|3||Sep 8||USD/CHF||Long||0.9175||2 % risk||Win||22|
|4||Sep 9||EUR/NZD||Long||1.771||1 % risk||Win||15|
|5||Sep 9||NZD/USD||Short||0.669||0.5 % risk||Win||13|
|6||Sep 9||USD/CAD||Long||1.314||0.5 % risk||Win||30|
|7||Sep 10||GBP/CAD||Long||1.7025||0.5 % risk||Win||20|
|8||Sep 11||NZD/USD||Short||0.669||0.5 % risk||Win||20|
Six out of eight trades have been successful and so far the 4-week result is 30 wins and 5 losses (!). That is a win rate of 86%!
This is the Black Widow system which has been completely custom coded with the help of our coder Carlos. I have summarized a bit of each system into the Black Widow™ making it completely suitable for both trending and ranging market conditions.
Here is the screenshot of the new Black Widow live account and you can follow it here.
The old account which I have been trading has almost been fully recovered thanks to the Black Widow system and you can follow it here. Remember, I have made 100k out of 10k, withdrew 90k and then due to Covid-19 crisis I almost lost 10k. Thanks to the implementation of the Black Widow I have managed to recover the account to above 8k!
To get a much deeper understanding of the Black Widow please read this article.
The Black Widow uses custom coded indicators to measure both trend and volatility of the markets. We know exactly where the markets will reverse thanks to our exclusive combo of camarilla pivots and ATR levels (Reverse indicator).
We also use the custom coded 3 MTF indicators for trend and range filtering. The system is algo-powered and this means that you can take high accuracy trades during both range and trends.
The best trade was USD/CAD. It was an excellent trade, scoring 30 pips with our trade management. The final pip count was even higher but as Black Widow likes to trap the profits and secure them once they are made!
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.
Cheers and safe trading,