Originally Posted by daniel

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

Thanks Daniel - Absolutely correct - We have amended the statistics within the main review - Thanks once again for pointing that out.

Originally Posted by Jtrader

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

Due to our mistake - performance has since been modified to 11% over the 4 months (see previous post). As mentioned we have not looked at FX yet but can confirm that the rules are the same as for S&P.

Hi Review Team, I'm currently just going over the Inside Day strategy. I'm just looking at results over July.
Have you had three trades so far on the S&P? Just want to make sure i'm doing the right thing.
2 losers - 1 winner

I'm also running this strategy on FTSE, CAC, DAX and about to start keeping records on the majors. So i'll post this up soon as well.

The first strategy is going to take me longer to learn properly.

Hi reviewteam

I've bought the system and read the book. The stochastics tecniques are not as "100% mechanical" like you say in your review. For example, the entryes are based on the "overall market trend". The author don't say a word how he finds the "overall market trend". Can anyone predict this ?!... For example, at page 25, the chart 19 set-up is taken because "the main trend was overall still down", and this after 5 days of rise of the market. How can the author say at this moment that the trend was still down ?!......
The divergence set-ups are also subjectives ans there is place of interpretation.
This is not a mechanical system.

Daniel

We only had one trade - 14th July and it was a winning trade (we trade of Ava FX charts). We would more than welcome your feedback on other instruments, thanks in advance.

Danial - Apologies you feel our review is inaccurate, we do not claim to be judge and jury and your input is most welcome. The more input we have on any of our reviews, the more balanced the review becomes and thus the site becomes more useful.

Once again, we thank you.

Originally Posted by Reviewteam

Danial - Apologies you feel our review is inaccurate, we do not claim to be judge and jury and your input is most welcome. The more input we have on any of our reviews, the more balanced the review becomes and thus the site becomes more useful

And that's all ?... Can you be more specific and explain us how did you find this system 100% mechanical and how you trade it ? Maybe there are things I don't fully understand...

Thank you.

Daniel

As per our review - We find and trade this system mechanically and do not find the Stochastic subjective at all. For market trend we apply, in the main, the simple Higher Highs/Higher Lows and Lower Lows/Lower Highs.

As mentioned above and this should be borne in mind when reading any of our reviews - Our reviews will always be based on our interpretation which will never always be inline with every one of our readers view of things - Everyone has their own style and varying levels of experience. We do try and bear this in mind when writing reviews but we will never achieve perfection.

Thus, when you ask "And that's all ?" - We stand by our original comment "The more input we have on any of our reviews, the more balanced the review becomes and thus the site becomes more useful".

Hope this helps you a little more.

Thank you for your answer, but sorry, I don't understand how do you use the rule "Higher Highs/Higher Lows and Lower Lows/Lower Highs". If you look at my example of page 25 chart 19, the market make new highs but the author say "the overall trend is still down". Thank you for clarifyng this.

Daniel

Originally Posted by Reviewteam

We only had one trade - 14th July and it was a winning trade (we trade of Ava FX charts). We would more than welcome your feedback on other instruments, thanks in advance.

you're correct there was only one trade, the other two i had were because of a silly error i made.
when looking back over the charts I was including the sunday evening trading as well, of course this will make an (untrue) inside bar nearly every week!

thanks for your help

Daniel - I think the point here is there is a trend, the Stochastic is Overbought therefore that trend is due one of it's normal corrections, that's how we read it! (As to the authors comment that the "overall trend is still down" - No idea, perhaps it's a mistake.

Rugby, understood and you are welcome.