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9+ years
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I am a former stockbroker and Treasury Manager. I have worked in the industry for some time including at IG Group and Fidelity.
Managed Account: https://secure.blackwellglobal.bs/register/?lid=432&pid=12210
Telegram: https://t.me/BlackwaveTheReal
TWITTER: https://twitter.com/BlackwaveFx
YouTube: https://youtube.com/@BlackwaveFX
Website: https://www.Blackwave-Forextrader.com
Managed Account: https://secure.blackwellglobal.bs/register/?lid=432&pid=12210
Telegram: https://t.me/BlackwaveTheReal
TWITTER: https://twitter.com/BlackwaveFx
YouTube: https://youtube.com/@BlackwaveFX
Website: https://www.Blackwave-Forextrader.com
Gary Comey
Well the current DD in Alpine (high risk account) is circa 9%. The election is of course coming but there is also the CHF component. A sharp decline in the equity markets or any event that causes a flight to a safe haven asset like the Franc will help our trade. The volatility around the UK general election itself may help our trade.
The strategy in general requires volatility to work and so far we are nowhere near the point that would be stressful or dangerous to the accounts. That is not to say that people are not stressed because there are plenty of people out there who in spite of me begging and pleading with them not to, have over-leveraged me or are simply bored and need a "fix" with some sort of action. I can't blow millions of dollars to satisfy them. I suggest the guys trashing me on the forums read the strategy again.
The strategy in general requires volatility to work and so far we are nowhere near the point that would be stressful or dangerous to the accounts. That is not to say that people are not stressed because there are plenty of people out there who in spite of me begging and pleading with them not to, have over-leveraged me or are simply bored and need a "fix" with some sort of action. I can't blow millions of dollars to satisfy them. I suggest the guys trashing me on the forums read the strategy again.
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Show all comments (5)
Ngo Xuan Tu
2019.12.04
we trust you. you shouldn't read much message and comment on mql5. just trade the way you did. good luck
ProTradingClubGermany
2019.12.04
@Gary: Can you give us as a subscriber an estimate of how far gbp is going? This may be good for the subscribers who are worried.
chenbaoguoji
2019.12.05
Trust you
Gary Comey
It’s definitely been a frustrating few weeks, not only because of the drawdown but also because I’ve spent the last week in India and while I can stay in close touch with the market it is still not comfortable to be away from the desk. I’ll be back at the desk on Monday.
I’m also fielding dozens of fairly angry and often ill informed copy traders with comments like “another Sterling nightmare”, ignoring the fact that BREXIT has made us huge money since 2017. They can of course be justifiably frustrated as I am, but as the trader I can’t make the market move, my job is to react rationally and I will continue to do that. I can not blow millions of dollars because people are frustrated that the money tree has temporarily stopped growing.
So anyway yesterday’s shooting star candle was a little encouraging and may lead to further declines in the coming sessions. Sterling remains fairly strong across a number of pairs including GBPCHF and that won’t last forever. CHF by itself is obviously a safe haven currency so it is reasonable to assume that a safe haven currency will be required sooner or later thus helping our trade. Current DD in the high risk account circa 8%, well within safety parameters.
I’m also fielding dozens of fairly angry and often ill informed copy traders with comments like “another Sterling nightmare”, ignoring the fact that BREXIT has made us huge money since 2017. They can of course be justifiably frustrated as I am, but as the trader I can’t make the market move, my job is to react rationally and I will continue to do that. I can not blow millions of dollars because people are frustrated that the money tree has temporarily stopped growing.
So anyway yesterday’s shooting star candle was a little encouraging and may lead to further declines in the coming sessions. Sterling remains fairly strong across a number of pairs including GBPCHF and that won’t last forever. CHF by itself is obviously a safe haven currency so it is reasonable to assume that a safe haven currency will be required sooner or later thus helping our trade. Current DD in the high risk account circa 8%, well within safety parameters.
· 20
Fredrik Ek
2019.12.02
Great information Gary and as you say, you cant move the market. Keep up the awesome work!
ANDREA BERNARDI
2019.12.02
I agree, it was a tought week, let's see what happens in the next sessions, in H4 seems that it is coming up a double maximum, so we have a little bit of chance that fall down.
Gary Comey
Hmm. People appear to be panicking over a 5% DD so here is the strategy again.
Blackwave Strategy - Basics
The strategy is a manual grid strategy. While it has traded exotic and EM pairs profitably in the past it only trades major and minor forex pairs now to reduce
the cost of SWAPS and the inherent political/geographic/economic uncertainty around many exotic/EM pairs. When markets are overbought or close to overbought trades are opened
counter-trend. When profit targets are hit trades are closed. If the market continues to move against the initial position then a second trade is opened based on candlestick
price action and how the market is trading/pending news etc. Up to 12 positions maybe opened.
When markets are oversold or close to oversold trades are opened counter-trend. When profit targets are hit trades are closed. If the market continues to move against the
initial position then a second trade is opened based on candlestick price action and how the market is trading/pending news etc. Up to 12 positions may be opened.
Risk control is achieved through position sizing. Position sizing MUST be the most important feature of the strategy because there is no hard stop loss and no hedging.
People will often happily accept extraordinary profits and only query the strategy when they experience a stressful drawdown in their own account even while the master account
remains quite safe. This is because they have failed to understand how crucial position sizing is for the strategy.
While there is no hard stop loss there is a soft one which is market dependent and as follows;
Blackwave California - Approx 15%
Blackwave Pacific - Approx 35%
Blackwave Alpine - Approx 50%
Blackwave California $3000 = 0.01 lots
Blackwave Pacific $1700 = 0.01 lots
Blackwave Alpine $1000 = 0.01 lots
This strategy has produced excellent profits since 2015 and is now one of the oldest strategies on most copy trading platforms. It is the inspiration for three MAM accounts
managing $3m of other peoples money. I never place trades in client accounts that I do not wish to place in my own accounts too and as at June 2019 my own commitment to this
strategy across all three risk levels is $190k.
These are the basics. To give any more information would be to reduce my flexibility and take away the major advantage of a manual strategy and make it effectively automated.
As a former stockbroker I like to watch all markets at once and get a sense of what's going on rather than put blind faith in back-testing which in the end only tests the past.
Links below to Blackwave Money Accounts which demonstrates my personal commitment to this strategy.
Blackwave Strategy - Basics
The strategy is a manual grid strategy. While it has traded exotic and EM pairs profitably in the past it only trades major and minor forex pairs now to reduce
the cost of SWAPS and the inherent political/geographic/economic uncertainty around many exotic/EM pairs. When markets are overbought or close to overbought trades are opened
counter-trend. When profit targets are hit trades are closed. If the market continues to move against the initial position then a second trade is opened based on candlestick
price action and how the market is trading/pending news etc. Up to 12 positions maybe opened.
When markets are oversold or close to oversold trades are opened counter-trend. When profit targets are hit trades are closed. If the market continues to move against the
initial position then a second trade is opened based on candlestick price action and how the market is trading/pending news etc. Up to 12 positions may be opened.
Risk control is achieved through position sizing. Position sizing MUST be the most important feature of the strategy because there is no hard stop loss and no hedging.
People will often happily accept extraordinary profits and only query the strategy when they experience a stressful drawdown in their own account even while the master account
remains quite safe. This is because they have failed to understand how crucial position sizing is for the strategy.
While there is no hard stop loss there is a soft one which is market dependent and as follows;
Blackwave California - Approx 15%
Blackwave Pacific - Approx 35%
Blackwave Alpine - Approx 50%
Blackwave California $3000 = 0.01 lots
Blackwave Pacific $1700 = 0.01 lots
Blackwave Alpine $1000 = 0.01 lots
This strategy has produced excellent profits since 2015 and is now one of the oldest strategies on most copy trading platforms. It is the inspiration for three MAM accounts
managing $3m of other peoples money. I never place trades in client accounts that I do not wish to place in my own accounts too and as at June 2019 my own commitment to this
strategy across all three risk levels is $190k.
These are the basics. To give any more information would be to reduce my flexibility and take away the major advantage of a manual strategy and make it effectively automated.
As a former stockbroker I like to watch all markets at once and get a sense of what's going on rather than put blind faith in back-testing which in the end only tests the past.
Links below to Blackwave Money Accounts which demonstrates my personal commitment to this strategy.
· 11
Gary Comey
Sorry about the slow pace of the current basket. 🙄. This happens maybe once per year and hasn’t happened yet....until now.
· 8
Gary Comey
People keep asking me when will I retire since the last post in January. Still not retired. I had a notion to take some of the money out of Blackwave Pacific and stick it in a hole in the ground in Portugal so I bought a little studio apartment in a complex with a pool, bar etc. After refurbishment I'll likely rent it out from 2020 and give Blackwave another source of income from a different asset.
· 19
Rafael Bastos
2019.11.26
oLA gARY GOSTARIA DE COPIAR SEUS SINAIS, QUAL O VALOR MENSAL QUE TENHO QUE PAGAR A VOCE
Gary Comey
Added topic No Paypal and Now Epayments not allowing a new account application?
Hi guys, As I'm sure you know Paypal no longer works on MQL5. Finally after more than $1,500 in fees have accumulated I've given up and tried to open an Epayments account in order to withdraw the funds this way, however it's falling down on the first
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[Deleted]
2019.09.14
Efigenia's EA is SCAM.Be Careful
Aamer Iqbal
2019.10.18
That live stream's owner is a scammer (said his name is Boris to me), I paid via BTC and got nothing from him....A real Con Artist
Gary Comey
Added topic Withdrawal Via Paypal and Funds that are "locked".
Hi, In the last few days MQL5 has "locked" my funds and won't allow any withdrawals. I have sent a message to them but no reply yet. Does anyone have any thoughts? Thanks Gary
503
[Deleted]
2019.08.30
[Deleted]
Phu Le Nguyen Vinh
2019.10.14
Please let me know can I invest 2k for this signal, and how about the lot thanks you
Gary Comey
Blackwave Pacific is now in it's fourth calendar year trading since 2015. I might just retire to France soon ;-)
· 8
Jian Li
2019.01.07
hello,i will follow your signal "Blackwave California", how to set up the parameter in MT4? thanks.
Daniel Budden
2019.01.16
Please don't retire just yet, I need you to help me grow my account in 2019 whilst I wind down my business before going full-time trading. ;-)
Sandis Smilts
2019.03.31
Gary, Your signal is included in the latest monthly analysis of MQL5 trading signals:
https://fxsumo.wordpress.com/2019/03/31/march-madness/
Enjoy!:)
S.
https://fxsumo.wordpress.com/2019/03/31/march-madness/
Enjoy!:)
S.
Gary Comey
VIDEO: Managed Forex Account Performance Update http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
· 2
Gary Comey
VIDEO: Managed Forex Account Performance Update http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
· 1
Gary Comey
VIDEO Managed Account Performance Update: http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
· 1
Gary Comey
VIDEO: Managed Forex Account Performance Update.
http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
· 1
Gary Comey
VIDEO
BREXIT AND THE IMPLICATIONS FOR US IN OUR POSITIONS. THE MURDER OF A UK M.P, LATEST POLLING DATA AND OUR FOREX PLANS. Click http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
BREXIT AND THE IMPLICATIONS FOR US IN OUR POSITIONS. THE MURDER OF A UK M.P, LATEST POLLING DATA AND OUR FOREX PLANS. Click http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
Gary Comey
Published MetaTrader 4 signal
Strategy Strategy Description Suggest 1:200 or 1:500 leverage. The master account is an US Dollar account. Large positions will be placed with hedging feature used as risk control. This account is a lower risk version of Blackwave Algarve
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