DislikedYou do your homework & develop a trading plan around its' indicators. Since I started using VP 18 months ago, I have consistently produced a 10% monthly return ( 5%-21% range)on my equity with only one loosing month. VP does give you an edge in the market & you can make money provided you employ good money management & avoid using it for scalping purposes. VP is designed for short-term position trading where you capture a good portion of the trend.To date, I have created 33 VP trade entry set ups on the 14 FX pairs where they offer data. These trade entries work on some pairs, not others.For VP users who visit this site, here is one example:
Enter: Following two inside "Phigh/Plow" days where the price bars do not
touch either extreme,enter into a buy position provided:
1) Predictive Trend Short has made a higher-high.
2)Predictive Trend Short> Predictive Trend Medium
3)Strength, Phd, &Pld>0
Exit: At next day's close(5:00 PM EST)
The past 11 times this entry set up in 2006-07, it produced
10 wins & 1 loss. Net gain: 835 pips.
My advice: Rather than bash the software or the company sales tactics, check out the product yourself.
If anyone would like further info on these VP trade set ups, feel free to "PM"
me... or go to TraderChat.com
i can show you methods that do 20% in a week with much less work using very simple methods like grids and one single indicator...