Black Diamond Trader Forex Walkthrough

Forex Trading Black Diamond TraderSince I put up my real review of the Black Diamond Trader, I’ve been getting quite a few questions about the system especially how it handles Forex pairs.

Let me say that a trading system should not handle markets any differently because once you have to start tweaking, you run into over optimizing a system.

When that happens, the system becomes more of a gamble than anything else.

Black Diamond Indicator Change

There are some changes you can make with the indicators but I have always felt it best to just leave the defaults and understand market structure.  The main change is with the trend strength because too high of a setting will keep you out of trades while too low, will get you trading in chop.

Forex Pairs On Longer Time Frames

I covered a few currency pairs and used longer time frames because, frankly, day trading Forex even with BDT is not something I am interested in doing.  Besides, the longer a trade runs in profit, the more profit, in theory, you should be able to pull out of the markets.

The markets have been in a lot of tight and choppy trading states and that covers virtually every trading product.  Often times its the one or two trades a year that run that helps make you the profit.

In the video below, I will also cover some basic structure of the market that can help keep you from getting chopped around.  Saying that, Black Diamond does a decent job of alerting you to markets that don’t have a lot of momentum going for them.

If you need more information, you can check out my blog review of Black Diamond, watch the review video or simply click here to get BDT for $1.