California sprang out of the very successful Pacific account which is a managed forex account in it's own right. Blackwave California is a lower risk Managed Forex Account and usefully is FIFO compliant with NO hedging and therefore perfect for all clients INCLUDING U.S CLIENTS.
Below $20K it is a copy account and above $20K it is a managed forex account but it trades the same either way. U.S clients can copy just as easily as anyone below $20K, however to have a managed forex account they should go to the website to see if they qualify for an IC Markets account.
Alternatively U.S clients can open an account with Tallinex who are one of the few brokers still out there who will allow US clients to easily get a PAMM account. As per my CODE OF ETHICS it should be noted however that Tallinex are regulated in St Vincent and the Grenadines, a place more noted for beautiful beaches and not noted for financial services.
The testing here was good and prolonged. California trades USDJPY in only one direction at any one time on a smart grid system.
Max DD 25%.
1. It is completely automated and run by a robot off an hourly chart 24 hours per day under human supervision.
2. California trades in one direction at any one time.
3. Its uses specific circumstances to determine market conditions and bracket the current price with a STOP and LIMIT order to profit in that direction.
4. If the direction is long, BUYS are used to take profits. If the trend reverses, BUY LIMITS are hit and profits taken on the reversal. If the direction is short, SELLS are used to take profits. If the trend reverses, SELL LIMITS are hit and profits taken on the reversal. The robot starts placing trades by bracketing the current price with STOP/LIMIT trades in a proprietary fashion.
5. It is based on that pairís volatility and thus it evolves as the market conditions evolve. The ATR indicator is based on a 21 period cycle of that pair.
6. Therefore the safety features of this account mean the lot size at every level will be equal to the base lot, i.e it will not increase at each additional level. eg,0.01,0.01,0.01,0.01 etc. This "non-linear" fashion is safer (no Martingale).