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  • #741
  • Oct 12, 2006 8:48am Oct 12, 2006 8:48am
Hi baddison..........

Actually some of both. The more accurate the daily predictions are, the better my system works because I enter and exit trades at profitable levels and don't get stopped out. This is usually when the market is ranging. But, my system works OK when the predictions are not so close because I have enough room built into the trading parameters to allow for some of the mid-sized missed predictions. Trending markets are more difficult for my method. Make sense?

Remember...................GMTA!


Quoting baddison
Hey BeachBum....what does that phrase mean? Are you saying that your systems profitability is directly related to how accurate are the predictions? Or are you saying your system is profitable "in spite of" the accuracy (or inaccuracy) of VP predictions?

Sorry for being so daft...LOL!!:
  • #742
  • Oct 20, 2006 6:15pm Oct 20, 2006 6:15pm
Quoting HighAsAKite
I read through this thread and found no one really using Vantage Point to Position trade... Does anyone use it for position trading the Forex? if so any tips you want to share? i'm new to Vantage point.
I have been contemplating the following position trading method. I have tried to keep it as mechanical as possible.

Trading only GBP/USD, enter at the market when the 5 day pred-MA crosses the 5 day MA by at least 15 pips, confirmed by Neural Index.

Place stop at the Predicted Low if going Long, Predicted High if going short. Do not trail the stop.

Exit at the next MA cross of at least 15 pips. Okay to re-enter cautiously after stopping out, as long as original entry conditions are again present.

This method results in about 3-4 trades per month, most of which either stop out or have small gains.....but when a big move occurs you make very large gains, and I'm thinking the long term profits could be quite good. And it requires very little management, almost a set it & forget it system. I'm going to backtest it this weekend and will post hypothetical results.
  • #743
  • Oct 22, 2006 12:05pm Oct 22, 2006 12:05pm
Howdy Stoney, I have been always confused on position trading and the sort. I place my trades when there are 4 out of 5 of the Predicted indicators either Positive or Negative. The 5 indicators are the Predicated High, Predicted Low, Predicted Short Term Trend, Predicted Med Term Trend & the Neural Index. When 4 out of 5 of these are again either + or -, I enter @ the market when I analyze all the crosses @ 6:30edt, so most of my entries are before the Asian session begins. The crosses that I trade this way are the GbpJpy(the best so far this year), EurJpy, EurCad, UsdChf & UsdJpy. I am also a believe diversification is the key. These crosses I mentioned trade 70% or better winners but of course not all the same time so I may have 4 trades on and 3 of them are winners.Some of these trades are open for 1 day or on average 3 days so I guess you could call this Position trading doesn't matter long as I'm making pips. I also trade these positions in 1/3s. I have targets @ 50pips, 100pips & 150pips. I'm now testing using 1/4s and letting the last 1/4 run. I'm not going to go on about how many pips I have captured but I will tell U it's plenty.

Happy pip hunting

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #744
  • Oct 22, 2006 1:08pm Oct 22, 2006 1:08pm
Anyone who says they can't make $$$ using VP software should memorize this post and then trade EXACTLY as Bill describes his method, without exception or deviation. (Demo first, live when familiar with the setup).

Thanks for posting a successful strategy!


Quoting williamk
Howdy Stoney, I have been always confused on position trading and the sort. I place my trades when there are 4 out of 5 of the Predicted indicators either Positive or Negative. The 5 indicators are the Predicated High, Predicted Low, Predicted Short Term Trend, Predicted Med Term Trend & the Neural Index. When 4 out of 5 of these are again either + or -, I enter @ the market when I analyze all the crosses @ 6:30edt, so most of my entries are before the Asian session begins. The crosses that I trade this way are the GbpJpy(the best so far this year), EurJpy, EurCad, UsdChf & UsdJpy. I am also a believe diversification is the key. These crosses I mentioned trade 70% or better winners but of course not all the same time so I may have 4 trades on and 3 of them are winners.Some of these trades are open for 1 day or on average 3 days so I guess you could call this Position trading doesn't matter long as I'm making pips. I also trade these positions in 1/3s. I have targets @ 50pips, 100pips & 150pips. I'm now testing using 1/4s and letting the last 1/4 run. I'm not going to go on about how many pips I have captured but I will tell U it's plenty.

Happy pip hunting

Bill
  • #745
  • Oct 22, 2006 7:46pm Oct 22, 2006 7:46pm
Quoting williamk
Howdy Stoney, I have been always confused on position trading and the sort. I place my trades when there are 4 out of 5 of the Predicted indicators either Positive or Negative. The 5 indicators are the Predicated High, Predicted Low, Predicted Short Term Trend, Predicted Med Term Trend & the Neural Index. When 4 out of 5 of these are again either + or -, I enter @ the market when I analyze all the crosses @ 6:30edt, so most of my entries are before the Asian session begins. The crosses that I trade this way are the GbpJpy(the best so far this year), EurJpy, EurCad, UsdChf & UsdJpy. I am also a believe diversification is the key. These crosses I mentioned trade 70% or better winners but of course not all the same time so I may have 4 trades on and 3 of them are winners.Some of these trades are open for 1 day or on average 3 days so I guess you could call this Position trading doesn't matter long as I'm making pips. I also trade these positions in 1/3s. I have targets @ 50pips, 100pips & 150pips. I'm now testing using 1/4s and letting the last 1/4 run. I'm not going to go on about how many pips I have captured but I will tell U it's plenty.

Happy pip hunting

Bill
Thanks Bill. That sounds great, and easy to follow. I'll give it a try. Regarding position trading, see my latest post, with backtest data on a different approach.

Stoney
  • #746
  • Oct 22, 2006 8:07pm Oct 22, 2006 8:07pm
I backtested two years manually using GBP/USD as follows:

1) Enter at the market when 10 day Predicted MA crosses 10 Actual MA by at least 15 pips, and direction is confirmed by the Neural Indicator.
2) Set a stop at the Predicted Low for longs, Predicted High for shorts.
3) Stay in trade until either the MA's cross by at least 15 pips, or you stop out.
4) If stopped out, re-enter if the Predicted MA remains in the original trade direction by at least 15 pips and NI confirms, again setting stop at the Pred Hi/Lo as apropriate.

See the attached spreadsheet. The winning percentage was poor but the wins were so much larger than losses that this was 4371 pips profitable over 68 trades in two years (Oct. 2004 -> Oct. 2006). Drawdowns were significant, however. As one would expect, this gets whipsawed in a ranging market, and does great in a trending market. Interest was not accounted for.

A good starting point for anyone out there that wants to develop a "set and forget" system with only a few trades a month. I'm sure this could be optimized further, but once again shows VP can be used profitably with a simple mechanical strategy.
Attached File(s)
File Type: zip VP Set & Forget test.xls.zip   10 KB | 317 downloads
  • #747
  • Oct 23, 2006 11:38am Oct 23, 2006 11:38am
Bill , where do you set stop ?

Regards
  • #748
  • Oct 23, 2006 6:21pm Oct 23, 2006 6:21pm
I have been using VP now for about 6 months on demo accounts with unfortunately less then acceptable results. I can Identify with some of the frustrations that some of the people on this thread have experienced and shared. I have been on the verge of giving up on many occasions, as some apparently have. But I just want to encourage and thank people such as BeachBum, Stoney, WilliamK, Baddison, bhoy, and all the rest of you out there in FF world who have contributed and shared their experiences to continue doing so because people like myself who are new to FOREX really appreciate your input. I just want to thank you all for making an effort to teach others about Forex and sharing your knowledge about making VP work for them. You all have given me renewed hope. Keep up the good work. I to hope to contribute to this forum someday.

Pluto9
  • #749
  • Oct 23, 2006 10:05pm Oct 23, 2006 10:05pm
Dear Pluto9.............

Thanks for the complement. Don't give up! It takes time, effort and patience. Trading is more psycological than anything else. Find a system that suits your personality and lifestyle. Trade it (demo first, then micro) without exception or deviation until it is an integral part of you and then use it to make money. Do not jump around in search of the "perfect" trading method............there isn't one. But you can find one that will work for you. Many of us have, you can too!

Best of trading...................BB


Quoting Pluto9
I have been using VP now for about 6 months on demo accounts with unfortunately less then acceptable results. I can Identify with some of the frustrations that some of the people on this thread have experienced and shared. I have been on the verge of giving up on many occasions, as some apparently have. But I just want to encourage and thank people such as BeachBum, Stoney, WilliamK, Baddison, bhoy, and all the rest of you out there in FF world who have contributed and shared their experiences to continue doing so because people like myself who are new to FOREX really appreciate your input. I just want to thank you all for making an effort to teach others about Forex and sharing your knowledge about making VP work for them. You all have given me renewed hope. Keep up the good work. I to hope to contribute to this forum someday.

Pluto9
  • #750
  • Oct 24, 2006 2:49am Oct 24, 2006 2:49am
Quoting Pluto9
I have been using VP now for about 6 months on demo accounts with unfortunately less then acceptable results. I can Identify with some of the frustrations that some of the people on this thread have experienced and shared. I have been on the verge of giving up on many occasions, as some apparently have. But I just want to encourage and thank people such as BeachBum, Stoney, WilliamK, Baddison, bhoy, and all the rest of you out there in FF world who have contributed and shared their experiences to continue doing so because people like myself who are new to FOREX really appreciate your input. I just want to thank you all for making an effort to teach others about Forex and sharing your knowledge about making VP work for them. You all have given me renewed hope. Keep up the good work. I to hope to contribute to this forum someday.

Pluto9
Hi Pluto9
It is good to see your renewed hope and determination. I too have been helped by many as cited.

I've found that I need to go for profits daily with VP, IF THE SIGNS ARE THERE! The longer trades with VP days and/or weeks attract larger drawdowns, but with rsik management can be worthwhile.

I would add a sixth indicator (Strength) to the 5 Bill uses, and like to see ALL pointing to BUY or SELL, though I may allow the PTM to lag if the PTS has crossed the 0 line, and still enter.

You might care to look at the following live trades:Times are EST, I use the British day/month notation).

GBPCHF 18.12hr (22/10) B @ 2.3697| CL @ 2.3722 23/10 17.32 +25pips.

EURCAD 17.53 (22/10) S @ 1.4189| Limit(TP) hit 23/10 08.30 +48 pips

USDJPY 18.03 (22/10) B @ 118.74| Limit (TP) hit 23/10 04.08 + 25 pips

I also have a demo trade in USDJPY B @ 118.64, and have taken 25% at +40 and again at + 80 pips. So half the lots are still showing a profit and in the trade. This was opened 22/10 at 19.54.

If you look at the 6 VP parameters used you can see the overall strength of the reasons used to enter these trades when I did. Losses will and do occur, but are the cost of doing the business of trading. In particular the Strength range was +85 for the GBPCHF, -70 for the EURCAD, and +67 for the USDJPY.

Hope this helps.

Best regards
Trinity
  • #751
  • Oct 24, 2006 7:27am Oct 24, 2006 7:27am
Very nice post, Trinity.............thanks for sharing!



Quoting Trinity
Hi Pluto9
It is good to see your renewed hope and determination. I too have been helped by many as cited.

I've found that I need to go for profits daily with VP, IF THE SIGNS ARE THERE! The longer trades with VP days and/or weeks attract larger drawdowns, but with rsik management can be worthwhile.

I would add a sixth indicator (Strength) to the 5 Bill uses, and like to see ALL pointing to BUY or SELL, though I may allow the PTM to lag if the PTS has crossed the 0 line, and still enter.

You might care to look at the following live trades:Times are EST, I use the British day/month notation).

GBPCHF 18.12hr (22/10) B @ 2.3697| CL @ 2.3722 23/10 17.32 +25pips.

EURCAD 17.53 (22/10) S @ 1.4189| Limit(TP) hit 23/10 08.30 +48 pips

USDJPY 18.03 (22/10) B @ 118.74| Limit (TP) hit 23/10 04.08 + 25 pips

I also have a demo trade in USDJPY B @ 118.64, and have taken 25% at +40 and again at + 80 pips. So half the lots are still showing a profit and in the trade. This was opened 22/10 at 19.54.

If you look at the 6 VP parameters used you can see the overall strength of the reasons used to enter these trades when I did. Losses will and do occur, but are the cost of doing the business of trading. In particular the Strength range was +85 for the GBPCHF, -70 for the EURCAD, and +67 for the USDJPY.

Hope this helps.

Best regards
Trinity
  • #752
  • Oct 24, 2006 8:24am Oct 24, 2006 8:24am
Quoting Pluto9
I have been using VP now for about 6 months on demo accounts with unfortunately less then acceptable results. I can Identify with some of the frustrations that some of the people on this thread have experienced and shared. I have been on the verge of giving up on many occasions, as some apparently have. But I just want to encourage and thank people such as BeachBum, Stoney, WilliamK, Baddison, bhoy, and all the rest of you out there in FF world who have contributed and shared their experiences to continue doing so because people like myself who are new to FOREX really appreciate your input. I just want to thank you all for making an effort to teach others about Forex and sharing your knowledge about making VP work for them. You all have given me renewed hope. Keep up the good work. I to hope to contribute to this forum someday.

Pluto9
Hey Pluto9....BeachBum is right on the money when he says it takes "time, effort, and patience". I started with VP years ago, and many times thought of giving up with it too. But there was no way on earth I was gonna let all my hard-earned cash that I had spent on this product go to waste. I was determined to make it work for me one way or the other. To that end, I demonstrated with many different ideas and strategies. Finally I landed on one that suits my style: Swing trading! With the help of everyone in this thread...everyone in this forum!....you too will find a strategy that fits your style and your money management preferences. And when you do....STICK TO IT! If you are wavering, and searching, and bouncing from this-to-that strategy, you will never really be able to perfect what is your own. Find what you like and stick with it. VantagePoint can be an awesome part of any and every trading strategy!! Both for forex and futures!!
  • #753
  • Oct 24, 2006 12:34pm Oct 24, 2006 12:34pm
Dear friends, after reading all of the messages on VP, I am confident on the reliability of the software (with the forum tips and prescribed money management). Unfortunately I found it extremely expensive. Anybody knows where I can purchase VP (perhaps second hand or any cracked version) at heavily good discounts ? Hope you guys can pm me. Thanks a lot.
  • #754
  • Oct 24, 2006 1:17pm Oct 24, 2006 1:17pm
I don't think this can be done because to install on a computer, you must be a 'registered' owner of the software with VP. You must call them on the phone to receive an activation key. JMO!



Quoting fazrulalias
Dear friends, after reading all of the messages on VP, I am confident on the reliability of the software (with the forum tips and prescribed money management). Unfortunately I found it extremely expensive. Anybody knows where I can purchase VP (perhaps second hand or any cracked version) at heavily good discounts ? Hope you guys can pm me. Thanks a lot.
  • #755
  • Oct 24, 2006 8:52pm Oct 24, 2006 8:52pm
After a couple of weeks backtesting and moving parameters, I'm putting one method into practice in a demo account for 2 months to
a) find out if it's profitable (of course)
b) give me the confidence to stick with my system after 3 losers in a row.

I'll be taking trades only if PST and PMT agree, trade in that direction, entry orders 10 pips inside the projected highs/lows. I've also made one more rule for myself: I enter the orders 2 hours after data comes in, and only enter the order if the price is near(ish) my entry - 10-40 pips depending on ATR - and the target point area has not been touched.

I'm putting a stop of 35pips, target of 65 for most pairs, 40/80 for GBP/USD, GBP/JPY, changing the stops the next day if trade is still in play.

I hope to post again before christmas with results/lessons learned.

Happy trading!
  • #756
  • Oct 25, 2006 8:10pm Oct 25, 2006 8:10pm
Howdy Trinity, Just reading Ur post and I was wondering does the Strength indicator jsut need to be Positive or Neg in combination with the others or is there a certain level the Strength Indicator needs to be for U to enter. I was entering when I have 4 out of the 5 I mentioned on the same side of 0

Thanks
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #757
  • Oct 26, 2006 11:39pm Oct 26, 2006 11:39pm
Hello Everyone,

I've been reading this thread from the beginning for the past few hours.
Many thanks to everyone for sharing such informed viewpoints.

I am a relatively new FX trader, (since June '06) who is currently being solicited by a Vantagepoint sales rep.
They've quoted me $3900 for 1 "catagory" or $4600 for 2 "categories".

I'm currently trying to evaluate it's value. Vantagepoint has put me in touch with some of their users, to discuss the software from a user's POV. I have since found this wonderful thread on the subject.

The one thing that I cannot find is Fiji's "sample system". Each of the many links that exist in this thread, do not work. They all link to a blank page with an error message stating that the link has been moved or deleted.
Fiji's charts in the "review" also do not show.

Can anyone direct me to a viable link for the sample system ?

many thanks,

mixman
  • #758
  • Oct 27, 2006 4:53am Oct 27, 2006 4:53am
Hi mixman, we got 6 categories for about 3k so you should bargain. i heard of some folks paying half that so push push push,haggle, haggle, haggle.
good luck
Swami S
Quoting mixman
Hello Everyone,

I've been reading this thread from the beginning for the past few hours.
Many thanks to everyone for sharing such informed viewpoints.

I am a relatively new FX trader, (since June '06) who is currently being solicited by a Vantagepoint sales rep.
They've quoted me $3900 for 1 "catagory" or $4600 for 2 "categories".

I'm currently trying to evaluate it's value. Vantagepoint has put me in touch with some of their users, to discuss the software from a user's POV. I have since found this wonderful thread on the subject.

The one thing that I cannot find is Fiji's "sample system". Each of the many links that exist in this thread, do not work. They all link to a blank page with an error message stating that the link has been moved or deleted.
Fiji's charts in the "review" also do not show.

Can anyone direct me to a viable link for the sample system ?

many thanks,

mixman
GOD IS NOT SHORT OF CASH
  • #759
  • Oct 27, 2006 8:16am Oct 27, 2006 8:16am
Try this:

http://www.forexfactory.com/forexfor...=vantage+point

Also, try a full forum thread search using the words "vantage point". You'll find more info, however many of the charts are gone and probably cannot be restored.


Quoting mixman
The one thing that I cannot find is Fiji's "sample system". Each of the many links that exist in this thread, do not work. They all link to a blank page with an error message stating that the link has been moved or deleted.
Fiji's charts in the "review" also do not show.

Can anyone direct me to a viable link for the sample system ?

many thanks,

mixman
  • #760
  • Oct 27, 2006 9:51pm Oct 27, 2006 9:51pm
Quoting BeachBum
Try this:

http://www.forexfactory.com/forexfor...=vantage+point

Also, try a full forum thread search using the words "vantage point". You'll find more info, however many of the charts are gone and probably cannot be restored.
Thanks very much BeachBum.
The link you supplied worked and is much appreciated.
The full forum thread search on Vantagepoint is how I began.

Would you also still have a viable link to the trading record link below ?
It has also been disconnected within the thread.

http://www.forexfactory.com/fijirep...ly_trades_3.htm

many thanks,
mm

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