Black Swan Manual

8/12/2019 Black Swan Manual

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Black Swan Forex User Manual


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Terms

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Welcome

Hello and welcome to Black Swan Forex!

This is the manual that explains how to install and setup Black Swan Forex Robot.

How It Works

At the heart of Black Swan Forex Robot is a very powerful programming code and a highlyprofitable strategy that has taken years of testing and experience to perfect.

The 3 core processes that Black Swan Forex Robot uses are:

Web Bot Technology

The Black Swan Web Bot is technology that was developed over 5 years ago and has been

working hard ever since. The Web Bot is a computer software program that trawls theInternet following Keywords and analysing the text around them.

"What is the Global Financial Community thinking is going to happen next?"

By trawling the web and analysing Keywords the Web Bot can gather information onthousands of people's ideas, thoughts opinions. It tracks a huge array of informationincluding news, blogs, financial and political events. It aggregates this data into meaningfuloutput about what the global community is thinking.

Human nature as a whole is highly predictable. As a large group we are not better than aflock of sheep, chasing a rising stock with greed or running in terror from a falling market.When the Black Swan Web Bot collects all its data and analyses it, these things becomeclear trading signals.

Custom Technical Indicators

The Web Bot on its own is not enough to guarantee high profits and massive returns. BlackSwan also uses an array of custom indicators that aid the fine tuning of Web Bot data intohighly targeted and probable trades.

Custom indicators are a way to qualify the data streaming from the Web Bots. While theyare based on past performance they give an excellent indication of what is to come. BlackSwan uses several proprietary custom indicators.

Black Swan Theory

This is the robot's fail safe. Black Swan Theory is all about high-impact, hard-to-predict,and rare events beyond the realm of normal expectations.

By planning for and trading the unexpected we ensure that Black Swan remains highlyprofitable in all market conditions. This makes Black Swan robust to the type of marketconditions that have seen forex markets go haywire in the last 2 years.

3 Core Processes

The 3 core processes come together to create an extraordinarily powerful Automated ForexRobot. Taking Web Bot data and utilising Technical indicators Black Swan picks highly

accurate and profitable trades. All the while cross checking against Black Swan Theory.

The diagram below shows how these processes come together to make you profits.


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IMPORTANT

Black Swan Forex Robot needs a constant connection to the Internet. A short outage is noproblem at all, but it can be dangerous to lose the Internet Connection for more than anhour or so.

The robot needs to keep an eye on what are servers are posting about the Data from theWeb Bots to ensure the most profitable trading.


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Installation

To install Black Swan Forex Robot please download the Black Swan Installer from theMembers area of the website.

You should have your Username and Password for this area and it can be found here:

http://www.blackswanforex.com/memberlogin.php

If you are having problems accessing this area and need help please contact support at

[email protected]

Once you have successfully downloaded the Black Swan Forex Installer please double clickon it and follow the onscreen prompts.

N.B The installer requires that you install to your MT4 Directory, for example:

C:\Program Files\My MT4 Broker\


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Setup

Once you have successfully installed Black Swan Forex Robot it is time to set the robot upand get it trading!

>> Step 1

Close MT4

>> Step 2

Open MT4

>> Step 3

You should now see Black Swan Forex in the Expert Advisor list in the Navigator.

Check that it is there, if not then close MT4, go back and repeat the installation.

>> Step 4

Open the following Charts:

GBPUSD 15mEURUSD 15mUSDJPY 15mUSDCAD 15mUSDCHF 15mEURJPY 15mEURGBP 15mAUDUSD 15m

>> Step 5

Drag and Drop Black Swan Forex onto each of these charts, one by one.

As you drag and drop each one the settings box will pop up. Please see the next section fordetails on this.


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Settings

Once you have dragged and dropped Black Swan onto a chart you need to configure theSettings.

The Common Tabshould look EXACTLY as follows:

The Inputs Tabshould be setup as follows:

TradeLotSize 0.01

TakeProfit 12.0

BrokerLots 2.0 (if your broker allows 0.01 lot sizes)1.0 (if your broker only allows 0.1 Lots sizes)

FixedSLActive False

FixedSLLevel 0.0

EquitySLActive true

EquitySLRisk 12

BlackSwanSerial Your Black Swan Serial

ClickBankReceiptCode Your Click Bank Receipt Code

An explanation of all these settings is available in the next section.


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BlackSwanSerials

Black Swan needs a serial to work. Serials are linked to your trading account number. Thereare 2 types of Serial:

1. Demo Serial

2. Live Serial

You can have as many Demo serials as you like. Live serials are strictly limited to 1 per copyof Black Swan that you own.

If you are using a Demo MT4 Account then you need a Demo Serial for Black Swan. Toobtain your Demo Serial please visit the Members Area of the website and login with youraccess details. You can generate Demo Serials here and they are immediately displayed.

For Live Serials the process is the same, however these are manually generated by us andso it can take up to 24 hours to receive your Live Serial. We will email your Live Serial toyou.

ClickBankReceiptCode

Black Swan needs your Click Bank Receipt Code in order to confirm you as a registeredmember. Your Click Bank Receipt Code can be found in the email sent to you by Click Bankfollowing your order.


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Settings Explanation

TradeLotSize

This is the Lots Size that Black Swan will trade. Please note that Black Swan trades on 8

currencies. You need to keep the lot size very small to start as 8 different trades at onetime can affect your available margin. This is why we suggest starting on 0.01 Lots.

TakeProfit

A fixed Take Profit level, in Pips.

BrokerLots

Black Swan has an inbuilt system that will increase the Lots size traded automatically whenthe trading conditions are just right. This is not the same as money management and a lotsmarter. It depends on market conditions and also how the robot has been trading up untilthat point.

You need to set this setting to:

1.0 IF your brokers smallest trade size is 0.1 Lots2.0 IF your brokers smallest trade size in 0.01 LotsFixedSLActive

Usually set to false this setting allow you to use a Fixed Stop Loss. We do not use this, asEquity Stops are our preference.

FixedSLLevel

The Fixed Stop Loss Level in Pips that is set if the FixedSLActive = true.

EquitySLActive

This is the stop loss system that we prefer. It dynamically calculates the Stop Loss based onthe Equity in your account and the amount that you are willing to risk as a percentage.

This allows you to determine your risk level. You can set this in EquitySLRisk.

It is important to note that the Equity Risk requires constant connection to your brokersserver and should this be lost the Stop will not work.

EquitySLRisk

This is the % of your trading account that you are willing to loose should the trade goagainst you. It is calculated as a % of your Equity.

For example, if you have $1000 Equity and set EquitySLRisk at 10% then the Stop will beactivated once your Equity falls to $900.


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Back Tests

Black Swan does not backtest well. The reason is that you cannot use historic data to backtest The Web Bots. They are a live feed and so any back tests do not incorporate them, and

thus a back test will either not work, or fail.

What To Expect

Black Swan is a sophisticated and powerful robot. We just wanted to add this section toexplain what you can expect from its trading.

Black Swan is aggressive and likes to be in the market. You should find that it will starttrading within hours of being set.

It places many small trades and likes to get you out of the market fast with a small profit.

This allows the robot to accumulate profits quickly. It also means that some drawdown doesoccur and this is why we like to trade in small lots sizes so that our accounts can weatherthis and rapidly grow with a little time.

We have often seen our account in a large drawdown, felt worried but left the robot to doits work only to find every trade hit TP and make us good money.

You are not going to make a million dollars overnight with this robot. If you use it for aweek and expect to have made a fortune then I am afraid that you are never going to makeit in forex. Black Swan will deliver but it takes time to accumulate profits and startcranking up the trading.

Let the robot do its work, even if in drawdown, and you will be delighted with the results.


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Support

We are here to help. Please use the Support form in the Members to contact us should youneed assistance. Alternatively you can email us directly at

[email protected]

We pride ourselves on being fast to respond.

Documents

Black Swan Manual