Hi Reviewteam

On the web site says that if we trade 10£ a point, we can make 30000 - 40000 £ by year, this is 3000 - 4000 points by year, an average of 300 points by month. This is quite impossible with S&P, wich is 1024 points today. There are simply not enough big moves of this index in a month to catch 300 points with an average of 2 trades ...

Can you explain this ...

Thank you very mutch

Daniel

Hi Daniel,

The S&P is mostly traded on a £ per point basis with a 0.1 movement being a PIP/poiint so to speak.


ReviewTeam - www.systemsfortraders.com

I trade CFD on S&P where a full point is 1$ and 0.1 point is 0.1$.

If I trade 10 CFD, I'll have 10$ for a full point mouvement, or 1$ for 0.1 point mouvement. Should I trade 100 CFD to have 10$ for a 0.1 mouvement ? Is this correct ?

Thank you for your answer

Daniel

This probably varies from broker to broker so it would seem prudent to check with each broker.

Your calculations seem to be correct in this instance however, to mirror the S&P movement, for example, our last trade was a movement of 7 S&P points.

Hope it helps.


ReviewTeam - www.systemsfortraders.com

Being doing this for a few weeks now – my %age of wins is greater than my losses, but the losses have totaled a greater number of pips! Down around £200 at 30 – 50p a pip. Not great, but am I mad in thinking this still has some mileage??!!

I have been looking at various markets – Indices and forex. Hong Kong has gone very badly and responsible for a majority of my losses. Very frustrating as after 2 weeks I had nearly doubled my money (starting with £500 pot), I have now succeeded in halving my money!

Who else is doing this? Any luck? Am I mad??

many thanks and look forward to sharing more if its of interest

Interesting and thanks for the input.

We have only yet managed to look at S&P and we would be interested if you would like to post your results for any other instruments. Others, we are sure would welcome the input too.


ReviewTeam - www.systemsfortraders.com

Just thought i'd give my opionion. I have Steve Copans 'Nexus' book (basically the old school G-code book with horribly printed text and ugly diagrams), which was copy righted from 1997-2009, hence why in 2010 he has released the G-code book. I have been looking at it uses within currency trading and obviously as there are more options which currencies hitting the magic high and low ratios, it seems it can be more profitable as it has stated than just trading on the S&P. I have look at 18 different currencies (excluding the euro, due to the eurozones current situation) and over the past couple of months, steve copans code definitely works around 85% of the time. I dont like to trade indices due to their possible high volatility as per the wall street crash on the 6th of may. All in all I recommend it, however I do not like the fibboranci retracement on basing your stops and limits on with currencies, I believe a bit of common sense is needed to determine when to take your profits and losses.

Thanks for sharing that - Appreciated.

Hi Reviewteam

You backtested the system from april to june and you reported 3 ISD trades, 3 winners and no losers. But for me, the 6-th may and 7-th may formed a valid triangle pattern, wich was triggered long the 12-th may and then hit the stop few days later. Am I right ?...

Thank you

Daniel

Has anyone actually used this with FX yet and got some results based on just the mechanical approach as laid out by Steve Copan. The results on S&P are hardly great. 16% while not bad, is across 4 months and with 3% risk. I don't know to many people that trade with decent levels of money risking 3% more like 1% which means return just over 5% for 4months i.e about 1.3% a month. I see Carlosrd suggests it works on FX but get the impression this is from keeping an eye on it rather than actual live trading. Also he appears to not follow the stop and target rules but uses own levels which is fine but this does mean his results could be very different from someone following the rules precisely.

Although Copan suggests it could work with currencies are intructions given as to how to go about this in the manual or is it just S&P focused and using it on FX is down to the individual to work out/guess?

thanks