Hi all,
I've also gone ahead and purchased the software. It's been running on my PC for a little over two weeks and so far the results have been at best mediocre.
To get familiar with the software and the reports it generates on a nightly basis (if you live in the Americas), I decided to employ 1) the simple predicted highs and lows as resistance/support lines and 2) use the predicted up/down from VantagePoint's Index Indicator to give me a second opinion on the market direction my usual analysis would give me. After a while, I started to notice that these predicted highs and lows often merely correspond to a significant high or low on the day before and that the market often blows right through the predicted low/high on the other end.
As Fiji has mentioned, the Index Indicator takes information from four other neural networks, namely the Predicted high, Predicted low, Predicted short trend and Predicted medium trend plus some other market data to arrive at either a 0 for downtrend or a 1 for an uptrend (any other number is rare). This indicator also has been wrong as many times as it's been right. What's worse is that it has actually managed to throw me off my usual trading by having me second guess about trends that my usual market analysis detected.
What is a little disconcerting is that I expected the software to behave rather well during a week such as last where there were no significant economic news to speak off that could explain wrong predictions.
While I fully realize that two weeks worth of data does not compare to Fiji's eight years of using this s/w, the predictions so far have unfortunately been no better than a coin toss. I'm now in the process of trying to filter out VantagePoint's predictions through qualitative analysis on the data as it stands on its own as well as using other markets' data (e.g. Dollar Index). After that, I will have to spend a bit of time trying to incorporate it into my style of trading.
I'd be glad to hear how other are faring with the s/w so far,
Julian
I've also gone ahead and purchased the software. It's been running on my PC for a little over two weeks and so far the results have been at best mediocre.
To get familiar with the software and the reports it generates on a nightly basis (if you live in the Americas), I decided to employ 1) the simple predicted highs and lows as resistance/support lines and 2) use the predicted up/down from VantagePoint's Index Indicator to give me a second opinion on the market direction my usual analysis would give me. After a while, I started to notice that these predicted highs and lows often merely correspond to a significant high or low on the day before and that the market often blows right through the predicted low/high on the other end.
As Fiji has mentioned, the Index Indicator takes information from four other neural networks, namely the Predicted high, Predicted low, Predicted short trend and Predicted medium trend plus some other market data to arrive at either a 0 for downtrend or a 1 for an uptrend (any other number is rare). This indicator also has been wrong as many times as it's been right. What's worse is that it has actually managed to throw me off my usual trading by having me second guess about trends that my usual market analysis detected.
What is a little disconcerting is that I expected the software to behave rather well during a week such as last where there were no significant economic news to speak off that could explain wrong predictions.
While I fully realize that two weeks worth of data does not compare to Fiji's eight years of using this s/w, the predictions so far have unfortunately been no better than a coin toss. I'm now in the process of trying to filter out VantagePoint's predictions through qualitative analysis on the data as it stands on its own as well as using other markets' data (e.g. Dollar Index). After that, I will have to spend a bit of time trying to incorporate it into my style of trading.
I'd be glad to hear how other are faring with the s/w so far,
Julian