Blackwave Australia trades AUDUSD exclusively. It trades on a grid system and in both directions at the same time.
The testing here was good and the proposition is simple. Australia trades AUDUSD in both directions at the same time, therefore two baskets only with each basket trading on a grid system. This strategy is margin neutral, in other words if the you are long and short the same market at the same time you donít require additional margin at least not with FXCM or IC Markets. It can also leave you hedged however this will only ever be temporary because the winning direction will continually close trades and take profits. It works well with an FXCM account or most other platforms. Actually I found that it works very well with the 1:500 leveraged IC Markets which coincidentally is regulated in Australia itself. I highly recommend using an IC Markets Mt4. I have great hope for it.
I have more specific details about the strategy plus the live myfxbook stats on my website here