You really shouldn't have any problems at all using the Black Dog System as it is very simple in its concept. Nevertheless, it is always better to err on the side of caution when dealing with your hard earned cash. So definitely BEFORE placing any trades using ANY system please make sure that all the rules are fully understood, your charts are as they should be, and you have at least spent some time trading with microlots to get a feel for the system. Please, please contact us if you have any problems whatsoever, your query WILL be answered and, if you don't mind, will appear on this page for the benefit of other potential BD traders.
Q Are there any other charges involved once I have purchased the Black Dog system, a monthly subscription maybe?
A The only thing I ask further from you is to keep in touch and don't become a stranger. Once you have the system on your computer and you have studied the trading instructions, you are up and running. There is nothing else I want from you apart from your company, albeit over the ether. Metatrader is free, the real time data is free, and my support is free. Black Dog owners tend to share anything new that they learn as they master the system.
Q Will your system work on e-signal or other charting packages?
A As far as I am aware, it will not. It must be stated quite clearly here that I am not a computer wizard. There are probably people out there who can make this work on platforms other than Metatrader, but again, I am not aware of it. I think it is safe to say that the Black Dogs will only work on Metatrader. Metatrader is free to download with a free data supply, why not try it?
Q Do you have trading statements for the last few months or so, I would like to see how the system has performed.
A Falsifying statements is against the law but is easily done over the internet unfortunately. I do not want to go down the road of arguing my case against any false accusations. For a start, I don't have the time. I'm a trader, and I want to spend my time trading, not arguing. This is an honest site with honest people. If you feel that you cannot purchase without viewing statements then you must try other systems. And I do wish you well. I should direct you to the Testimonials page where these are genuine letters I have received and asked permission to use. I do not ''manufacture'' testimonials, nor do I use them without first contacting the person involved.
Q Do I have to leave the computer switched on while I sleep or am at work for the Black Dog to function?
A No, once you are set up and the templates saved, you can switch off and return to Metatrader at any time. The Black Dog systems (2) will be in your Metatrader templates until you delete them. The Black Dog systems are not EAs, or robot trading systems.
Q The price of the Black Dog Program seems to be very attractive. Compared to other system vendors why is it so cheap?
A The correct price of the program is $295 and will reach that figure in increments by next year. It was decided to start at a very low price and gradually raise it in order to let the people who really want to make a go of trading the currency markets start on the right foot. This makes it obtainable and usable by the vast majority of new and beginner traders.
Q What markets are available to trade and which are the best?
This all depends upon what your broker has to offer and what you are comfortable with yourself in trading. My broker provides forex pairs only but there are some that provide the S&P, Gold, Oil, and a few indexes, eg, DAX, DJI etc. What are the best pairs to trade in the forex market? Again, this all depends upon your comfort zone. You will almost certainly have a 'feel' for the currency of your own country, so it's probably best to make a start there. Otherwise stay with the currencies widely traded such as crossed pairs of the Euro, USD, GBP, YEN, Swiss Franc and Australian Dollar.
Q The 15 minute timeframe is too fast for my liking and tends to be very volatile at times, particularly during news releases. Can I expect the BD system to perform as well on the longer timeframes such as the 4 hour where I feel more at home?
A The Black Dog was developed to be used on any chart and on any time frame. I, personally, have used the BD on currencies, e-mini's, gold, and US stocks (daily charts), commodities are still to be tried but I have great hopes for these too! Obviously you will have fewer trades on higher time frames but the profits will be higher too. All the the rules will still apply except Rule #1 when using time frames of 1 hour and above (see manual).
Q Occasionally, the audio alarms all seem to go off at the same time for three or four currency pairs. Is this normal?
A In a word, yes. Depending upon the time frame you are trading, let's say the 15 minute time frame, then you can expect to receive a signal on any quarter of the hour when a bar or candle closes and the next opens. Related currency pairs may all move enough to generate a signal at the same time. If you trade the 4 hour charts then you would expect to receive signals every 4 hours when the 4 hour bar or candle closes. Sometimes it is difficult to place your trades when you receive three or four signals simultaneously but I must admit, it is a nice position to be in.
Q I notice that you place around 80+ trades per month. Isn't this overtrading?
A Some people may say so. However, consider that there are about twenty trading days per month so this will average out at 4 trades per day. Not too long ago I was placing in excess of twenty trades per day mostly with no plan in place. Deadly! Due to my impatience I like to trade the 15 minute time frame, aim for 20 pips per trade, then finish for the day. For me, it's perfect.
