8am Trader System Review

This is the most recent eat your cornflakes, press a few buttons, make money before you go to work trading systems. It is a Set & Forget strategy and trades the FTSE and DOW, go Long one and Short the other at a specific time each morning. The systems manual is quite well written and the trading information in terms of the actual Entry to use and the Stop loss to use is extremely clear. However, the Exit criteria is not, it is way too ambiguous. There were another of issues with system and unlike us we didn't even actually trade it. So we do not have a full review and you can read our reasons in more detail at our Forex Trading Systems Review Site.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

ReviewTeam

http://www.systemsfortraders.com/

G-Code By Steve Copan S&P Trading System

This system headlines with “Once you know this code, you’ll hardly ever need to trade again”. The system could reward you with “£35,000 - £40,000 a year in your spare time, by tapping a few keys two or three times a month”. The website also states that “No novices, no dreamers and no halfwits” allowed.

The manual covers the bar charts, Fibonacci retracements/extensions (the basis of the G-Code system) as well as Stochastics. These are all discussed at just the right level to set the tone for the two strategies that make up the G-Code system itself.

The strategies may seem complicated and daunting to some. However, as Steve suggests, some time commitment is needed here, he suggests 30 hours but we doubt it requires that long. All in all about 3 or 4 hours should suffice to run through the manual a couple of times (maybe three), print off the summary sheets and flick through some charts looking for the signals. A few notes of our own and we were satisfied we had a reasonable grasp of both strategies.

Both strategies are 100% mechanical, Set & Forget and are operated at the same time, once a day on the S and P Daily time-frame. Entries, Stops and Targets are crystal clear and a couple of minutes each day is all we needed. We placed our trades around lunchtime (UK), plenty of time before the S and P market opens. Straight forward once you have a grasp of the strategies.

Between March – May 2010 (backtest) and real-time trading in June we made a reasonable profit using both strategies.

Please visit http://www.systemsfortraders.com/ to read our full review of this system and many other Trading systems and services.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.