We are still only trading the S&P Daily time-frame and our results for July are as follows:

Strategy 1 (Stochastics) – 5 trades, 3 winners and 2 losers – Net return of around 1% assuming a 3% risk per trade.

Strategy 2 (ISD) – 1 winning trade – Net return of around 2.5%, assuming a 3% risk per trade.

So, quite a high number of trades in July for G-Code with a net profit of around 3.5%.

Continues to be boring and slow. But it is easy to execute and it is mechanical, we will continue another month and hopefully if we get time get round to looking at some Forex pairs too.

We will report back at the end of August.

Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

Firstly, great site...how come i`ve only just found you?

Just got a copy of this system myself, the ISD set up is what i am most interested in, the thing that worries the most is setting profit targets at the fib levels as per the system but surely you must let your winners run not cut them short. Looking at the GBP/USD daily, an ISD formed yesterday which as of writing this has hit the 2 fib levels for a profit , however, the last ISD formed on 22 july breaking out to the long side...again, hit both fib levels for a profit of about 200 pips BUT it then carried on up giving another 550 pips profit which you would have lost out on, this trade was good for around 700 pips for oly 11 trading days, wouldnt this system be better with some kind of trailing stop? any thoughts?

Hi, Does anyone have any stats yet on risk/reward?, how big are the typical stop losses? and what sort of time duration are the trades or is it varying widly between trades as it is based on fib levels.

gez40fx - Seems reasonable - Perhaps one for G-Code support - Appreciate any feedback you get. Secondly, If you have any historic results for Forex pairs it would be great of you to share them.

Andycon - Risk:Reward is about 618:500 on most trades.

johnny99, mark64

G-code will work on any market, I believe, but not necessarily on every time frame (the stochastics have to be adjusted).

But whatever you try BACK-TEST IT FIRST for at least 6 months because G-code IT IS NOT wholly reliable.

All markets and systems seem to move in and out of phase over time. For example, I followed EURGBP for 6 months - it never put a foot wrong - but right now it's rubbish and has been for the last three months. By back-testing you will get a feel for how the system behaves under different market conditions - trending, sideways, etc.

All the best,

Andy

We still only managed to trade the S&P Daily time-frame and our results for August are as follows:

Strategy 1 (Stochastics) – 5 trades, 2 winners and 3 losers – Net loss of around 2% assuming a 3% risk per trade.

Strategy 2 (ISD) – 1 winning trade – Net return of around 2%, assuming a 3% risk per trade.

A break-even month for us using G-Code.

This means now, over a 6 month period with a mixture of back-testing and live trading on the S&P Daily time-frame we are up 17% taking both strategies into account. This is just short of 3% a month based on us risking 3% of account balance per trade and does not include any form of compounding.

So, although G-Code seems to have an edge, it does seem slight. If we were to consider taking this further we would expand it to at least back-test some Currency pairs. If these proved profitable on back-testing this is a strategy that may suit some given those extra instruments to trade.

Apologies to all we did not get a chance to thoroughly back-test any of the Currency pairs, it was just a time thing. We were a little reluctant as we were wary that the system is also only yielding a very slight return on what is it's headline instrument, the S&P.


Do remember, your comments are important, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

Good update. Are you going to continue the updates and are you going to look at currency pairs too? Something to look forward to!

Thanks Zorba,

Unfortunately we will not. We now feel we have given this a fair review and crack of the whip to allow us to move on and cover more systems/services. We do of course welcome all other members to continue to post their results, especially those related to FX, and therefore we leave the thread open. If we do get any data in we will personally try and verify that data if we get time.

I have been trying the G-code for a while now and so far +ve! I notice that some posts refer to other currency pairs and also ISD triangles.

Note; that there are three good ISD triangles still available for 1st and 2nd Sep (as of 08:42 Friday 3 Sep) USD/CAD, GBP/USD, USD/JPY as the 3rd Sep bar is still within range .

I will pick just one of these and follow the other two.

In the end I decided to enter all three (nine in total - three each) and watch the outcomes. I only bet the minimum for each - I don't believe in paper trading as I think it gives false hope/results. Better to risk a minimum amount and pay for education, if you have to (IMHO)!

Thanks Rift - Also appreciate any future updates you get time to share.