Top Dog Trading Review

Review of:  Top Dog Trading

Use:  Intra-day and swing trading system

Profitability

This trading system was the first profitable trading system that I found. To this day, I've only found one system that is more profitable.

Price

Through my discount links, Barry's system is the lowest cost profitable trading system that I have reviewed on this site so far.

Ease of use

This system is time-consuming to trade. The chart setup also is more technical than other profitable systems that I've traded.

Support

Support is prompt and friendly, but there is no ongoing support. There is no forum and no live trading room - no student interaction.

What I Like

  • Top Dog Trading is a profitable trading system
  • Barry's system is the lowest cost profitable trading system that I've used
  • The high strike-rate system is encouraging for newer traders
  • The trading system provides plenty of trade setups - especially intra-day setups
  • There are some nice unannounced bonuses

What I Don't Like

  • The intra-day trading system is very time-consuming, and trades on the Daily chart are infrequent 
  • The chart setup for this system is a bit complicated, and it takes some technical ability to set up

Summary:  Upon purchasing Dr. Barry Burns' Foundations Courses 1 & 2, you will gain access to two eBooks and some other downloads, including some nice unannounced bonuses which add value to this course. You'll learn the profitable Top Dog Trading method, which includes several strategies from scalping techniques to long-term swing trading. These courses teach a manually traded, high strike-rate (HSR) trading system that works in multiple markets.

Foundations Courses 1 & 2 can be purchased separately, but I recommend purchasing them together. Foundations Course 2 brings the full system together, making it much more profitable. Plus, you'll save $100 when you bundle the two courses together. Barry also sells some more advanced courses, but I cannot recommend them as I have not purchased any of his other courses.

 Get Foundations Courses 1 & 2 for only $295 - Save 50% of the regular price!

My Top Dog Trading Review and Test Results

Top Dog Trading was the first trading system that worked for me. I was lucky enough to find something that worked for me within my first year of trading, but after I had already wasted plenty of money on trading systems that didn't work and blown out trading accounts.

Looking back at why this trading course worked for me, I believe a lot of my success came from the fact that Barry's method is a high strike-rate trading system. It is encouraging to win the majority of your trades, even if the wins are small. This is especially true when you're just starting out.

Another thing that helped me was the fact that this trading system focuses on getting into the market at good buy and sell points, during pullbacks. This type of system typically produces good risk to reward scenarios, and that has been an important part of my success.

The course itself was very refreshing for me at the time. It was much more detailed and in-depth than the other courses that I had tried. Through the eBooks, videos, and bonuses, this trading course covers every part of your trade - from start to finish.​

Although I had already been trading this system as my main trading system for a few years at the time, I decided to do a 100-Trade Test of this system for the website. You can see the results of that test below:

Top Dog Trading 100-Trade Test

The test did not go off without a hitch. I accidentally left off a stop loss before going out of town. When I noticed the extreme drawdown that my mistake had produced, so ended the test early. I plan to redo it in the future.

Before I ended the trade I had already taken 80+ trades, which was frustrating as you can imagine. The results from the first 80 or so trades were over 20% profit, over 6% per month, and a drawdown of around 5.5% (before my mistake).

The Top Dog Trading system is not perfect, though. In fact, I switched my main trading system to Day Trading Forex Live this year.

In this Top Dog Trading review, I'm going to show you what I like about this trading course and system, as well as what's not so great about it. If you're determined to find a truly profitable trading system that is right for you, I urge you to read this full review.

Who Is Top Dog Trading For?

Top Dog Trading Is Perfect For You If:

  • You've taken trading courses in the past that have left you hanging or were too subjective
  • You're an active trader, but you want the ability to slow it down with swing trades too
  • You think you could benefit from a trading system that produces winners over 60% of the time

Top Dog Trading Is Not For You If:

  • You're looking for a set-and-forget trading system - like a swing trading system or a robot (EA)
  • You're less concerned with your trading results and more concerned with your time freedom
  • You're not comfortable with using a relatively complicated trading chart setup

If you're looking for more time freedom, and you don't mind lower monthly returns, you should try a swing trading system. Most swing trading systems require very little time to manage. Check out my full Infinite Prosperity review to learn about a profitable swing trading system.

What Is Top Dog Trading?

Top Dog Trading is a manually traded, technical, high strike-rate (HSR) trading system - as opposed to a high reward-rate trading system, like Day Trading Forex Live or Infinite Prosperity.

Course Description

  • 4 Full-color manuals
  • 27 Videos
  • Bonus Videos
  • Online FAQ
  • Lifetime membership
  • Lifetime student support

How Is Top Dog Trading Different?

The main advantage of the Top Dog Trading system is the high strike-rate. A high strike rate combined with a trading system that makes sense can be encouraging to any trader, especially a newer trader who hasn't learned how to let the edge of a high reward-rate system play out.

The trading system also provides frequent trades, which is a good fit for an active trader. However, this trading system works on any time frame, so you can also wait for the less frequent swing trades on the Daily chart if you choose to.

The Trading System​

Top Dog Trading is a manually traded, mechanical trading system. It works by taking well-timed pullback entries during trends and by taking high probability reversals when 5 market energies align. The trend trades definitely offer a higher strike-rate approach than the reversal trades in my experience.

The chart setup is a bit more technical than other systems that I've traded, but nothing too complicated. The Top Dog Trading method requires multiple custom time frames for measuring fractal energy.

You basically need to set up 3 chart time frames for each pair and relative time frame that you want to trade. For instance, if you wanted to trade the 15 Minute chart of the GBPUSD, you would need to setup a 5 Minute, 15 Minute, and 45 Minute chart for the GBPUSD.

The medium (15M) chart needs to be 3x the short-term chart (5M), and the long-term chart (45M) needs to be 3x the medium chart (15M). Some trading platforms allow for custom time frames by default, but if you use MetaTrader 4, you have to use a custom indicator to create them. See my detailed article on how to create custom times frame in MetaTrader 4.

Note: You can download the indicator that you need from that article. I also discuss how I set up separate profiles for each pair and time frame that I want to trade with the Top Dog System, which makes switching between pairs and time frames much easier. If you have any questions about any of this, leave them in the comments of that article. I'll try my best to help you.

Top Dog Trading Chart Setup

Other than setting up the custom time frames, this trading system is pretty straight forward. You will only need to add 4 moving averages to your chart, a stochastic oscillator, and an MACD oscillator with custom settings.

Another thing that I need to mention is that Barry recommends taking his trading setups using tick charts (constant volume bars/candles). I wrote an article on how to create tick charts in MetaTrader 4. The technique explained in that article is not going to be practical for most traders, because you have to wait for your charts to be built and that history is interrupted anytime you switch to another chart.

Some Forex trading platforms allow you to create custom tick charts (with history) by default, but if you use MetaTrader 4, you're SOL for now. In any case, you don't need to use tick charts. Barry's system works on timed charts as well, and that's the way I've always traded it.

The Trading Course

At the time the trading course was very refreshing to me for the simple fact that it was written in great detail. Many of the other trading systems that I had tried up to that point left me hanging as a new trader.

A drawback to the Top Dog Trading course is that Barry assumes that you know the basics of your chosen market. Since this is not a Forex specific course, you will need to already have a basic knowledge of the Forex market to get the most out of the trading course.

If you're looking for a trading course that is great for beginners, you should check out my ​full Infinite Prosperity review. The Infinite Prosperity course is a Forex specific course that covers the basics before moving on to more advanced topics.

Top Dog Trading Course

My favorite lesson in the Top Dog Trading course is the one on how to trade the "Second Chance" patterns. Those patterns are great for timing entries, and I would recommend only taking trades entries with those patterns at first. Get those down before moving on to some of the other techniques.

Another drawback to Top Dog Trading is that there is no live chat or forum. It would be nice if Top Dog Trading students had an organized place to take about trade setups and get instant feedback.

After being a member of Day Trading Forex Live for nearly a year, I can honestly say that being part of a trading community is much more helpful than just learning a trading system and then being left on your own. The community feedback and ongoing education really make a difference.

What Are Students Saying About Top Dog Trading?

So far, I've talked about what I like about the Top Dog Trading system and course, and I've also explained that this system was the first thing that worked for me. I've also told you about some of the drawbacks from my standpoint.

Now that you know what I think about this trading system and course, check out what some of Barry's other students have to say about them.

Top Dog Trading Testimonial
Top Dog Trading Testimonial 2
TDT Student Testimonial 3
TDT Student Testimonial 4

Do You Need Top Dog Trading?

Traders that want to make any kind of consistent profits in any market must use a profitable trading system. However, Top Dog Trading is only 1 of 3 profitable trading systems that I have used and recommend on this website.

Whether or not Top Dog Trading is going to be right for you comes down to your trading style and your goals. If you're an active trader, who wants to learn a methodology that provides anything from scalping trades to swing trades, Top Dog Trading is probably exactly what you're looking for.

Below are the Pros and Cons of using this system from my perspective:​

PROS

  • The trading system is profitable. It's worth mentioning again because most of the trading systems that I have tried are not profitable.
  • The trading system is a great value. This trading system is the lowest cost profitable trading system that I have tested and used. From this page, you can get Barry's 2 Foundation courses bundled for only $295.
  • The higher strike-rate is encouraging. The main advantage of this trading system is the fact that you can achieve a high win rate. This can be encouraging, especially for newer traders - even if the wins are small.
  • You will get plenty of intra-day trade setups. With this trading system, you can usually find, at least, 2 or more quality trading setups per day - especially using intra-day time frames.
  • You will get some nice unadvertised bonuses. It's always nice to get more than you were expecting for your money. Not only is the course refreshingly detailed, but you'll get a few bonuses that aren't even advertised on the sales page.

CONS

  • Intra-day trading can be very time-consuming. Most intra-day trading systems require sitting in front of your screen so that you don't miss trading setups. Top Dog Trading is no exception. It takes an active trader to make the most of this system.
  • The chart setup is technical on most platforms. If you're using MetaTrader 4, or any other trading platform that doesn't feature custom time frames by default, you'll have to use some creative workarounds to get your charts set up.

If you're more concerned with earnings, and you don't mind the extra time commitment that an intra-day trading system requires, you should consider Top Dog Trading.

This year, I switched my main trading system from Top Dog Trading to Day Trading Forex Live. Although DTFL is also an intra-day trading system, we only take trades at certain pre-determined price levels, so it's not necessary to constantly be in front of your trading screen. I also only trade the Euro and Pound with DTFL, so I spend a lot less time scanning charts, and consequently a lot less time at my computer.

If you're interested in a profitable swing trading system that's easy to learn and takes 20 minutes or less per day to trade and manage, you should check out Infinite Prosperity.

Rating:

3.75/5

Summary:  Top Dog Trading is a manually traded, technical, high strike-rate (HSR) trading methodology that works in most time frames and just about any market. You can trade it using candlestick or tick charts. The trading system is profitable, and the course is refreshingly detailed - although not for complete beginners.

You can use the Top Dog Trading system to swing trade, but good setups happen infrequently on the Daily charts in the Forex market. Intra-day setups require more time commitment, but the tradeoff is better monthly returns.

$295 From this Top Dog Trading review page - Save 50% of the regular price!