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MEDIUM RISK Blackwave Pacific (by Lazard)

Gain: +4781.15%
Drawdown: 50.04%
Pips: 112175.2
Trades: 2141
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Manual
Gary Comey (Lazard)
Nov 08 2015 at 16:21
67 posts
€55 per month to copy and three months for the price of two. Check out the website www.fxlight.co

By Wisdom & Courage
IXBONE
Nov 21 2015 at 19:43
97 posts
>6month live track record please

des12
Feb 12 2016 at 11:47
30 posts
I notice DD has been as high as 40%, but has been lower lately. Have you backtested this strategy to see what the maximum drawdown has been over say the last 5 years? Would be great to see some backtests as concerned right now about what the maximum drawdown could be?

FIRMANSYAH UTAMA (futama99)
Nov 27 2016 at 07:34
25 posts
Why the profit getting lower every month lately?

Gary Comey (Lazard)
Nov 27 2016 at 09:44
67 posts
Good question. The profit is getting lower every month as I had allowed the balance to rise without raising the position sizes. Also there has been an element of the market being less volatile (with some exceptions like BREXIT). At one point the NZDJPY position sizes were 50% lower than the AUDUSD position sizes. As of a few weeks ago I have raised the position sizes in NZDJPY to equal AUDUSD so it should raise profits going forward without hugely increasing risk.

By Wisdom & Courage
Investing (vramirez)
Jun 23 2019 at 17:05
6 posts
Hi Gary, are you using martingale systema? Im comfused can you please confirm, where you put your Stops in all our orders? thank you

Gary Comey (Lazard)
Jun 24 2019 at 06:11
67 posts
No martingale.

The strategy is a manual grid strategy and not an EA. 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 extrordingary 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 crutial 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%


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 $2m 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.

https://www.myfxbook.com/members/Lazard/high-risk-blackwave-alpine/1302652
https://www.myfxbook.com/members/Lazard/medium-risk-blackwave-pacific/1364641
https://www.myfxbook.com/members/Lazard/low-risk-blackwave-california/1601589




By Wisdom & Courage
Investing (vramirez)
Jun 24 2019 at 17:23
6 posts
Thank you very much for that explanation, not everyone takes the time to answer comments.

You are a great trader, I hope we can continue counting on your professionalism for a long time.

Thank you.

Gary Comey (Lazard)
Jun 25 2019 at 08:02
67 posts
Very kind.

By Wisdom & Courage
vik2001
Jun 30 2019 at 06:36
47 posts
Hi
How can we invest via a pamm or mam with you?

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