VantagePoint discussion thread | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Scalping EA - Discussion Thread 349 replies

genisis data vantagepoint 1 reply

Forward Testing Discussion Thread 241 replies

VantagePoint Sample System 0 replies

VantagePoint Graphics thread 27 replies

Attachments: VantagePoint discussion thread
Exit Attachments

VantagePoint discussion thread

  • #761
  • Oct 28, 2006 9:18am Oct 28, 2006 9:18am
mixman................sorry I can't help with this link. You might want to post and ask Merlin if he can.



Quoting mixman
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
  • #762
  • Oct 29, 2006 6:38am Oct 29, 2006 6:38am
Hello everyone,

First of all I would like to thank every person who contributed on this forum with their ideas of implementing VP's output into working trading systems. It was nice to follow this thread on VP and I must say that you guys have shared a lot of lucrative thoughts.

I would like to share my findings with you and I need one more thing: could anyone upload an excel spreadsheet with VP's output for all the markets ? ( or at least gold, crude oil, Nasdaq 100 Index, S&P 500 Index, Nikkei 225 Index, the currency futures module, the interest rates module? )

You would be of tremendous help as I own only one category ( 10 forex pairs ) and I am very close to conclude a FOREX trading strategy that relies on VP's output in combination with intermarket analysis which I would be glad to share with you.

Idea behind this strategy is quite simple and so far, relying only on the 10 forex pairs I own, I managed to obtain 72% accuracy with eurusd and about the same with usdchf. Positions are held for exactly 3 days, that's if T/P or S/L were not already hit. The intermarket links I used in addition to eurusd or usd chf output are : gbpjpy and gbpusd.

I need to further optimse the intermarket aproach but I lack in commodity, energies, metal, interest and currency markets output from VP.

Hope to hear from you soon,
Vlad
  • #763
  • Edited 1:22pm Oct 29, 2006 1:20pm | Edited 1:22pm
Attached is the last 300 trading days for GOLD. EOD data is from CSIdata.
I look forward to your findings zamfirvladflorin.
Attached File(s)
File Type: zip GOLD.zip   25 KB | 456 downloads
  • #764
  • Oct 29, 2006 7:28pm Oct 29, 2006 7:28pm
Here are the seven markets i have from VP 6.3 with 300 days of data each

Corn, Crude Oil, Wheat, Euro FX, Gold, Soybeans, Feeder Cattle

Hope it helps. Look forward to seeing the results


Cyclone
Attached File(s)
File Type: zip ContinuousHST.zip   133 KB | 267 downloads
Cyclone
  • #765
  • Oct 31, 2006 10:08pm Oct 31, 2006 10:08pm
Gentlemen of the VP Discussion Post,

I have read this entire thread and most of the forward testing thread on Vantagepoint.
I have read many of the generous trading logs, submitted by VP traders.
I have been educated and entertained by all of your articulate posts, which I found to be informative and full of insight and wit.
I have also spoken with 3 VP users, courtesy of my VP sales rep.

I have been solicited daily by my VP rep for the past week and his best offer to purchase VP, was $3300 for all Forex pairs, (1 category) or $3900 for 2 categories.

Upon my mention of discounted prices that have occurred as recently as this past summer, the VP rep stood firm and said "those prices will never be seen again."

My conclusion from all that I have learned from you, is that VP is a worthy tool, however by no means the grail, averages around a 55% success rate and is over-priced.
As stand-alone software it seems fro all that has been expressed in this thread, that VP, can not be used as a a highly profitable trading system.
The VP rep suggests that, in fact, it can function as a highly profitable stand-alone system.

So just as Hamlet had to answer the most famous question ever written, I am now faced with a similar dilemna.

"To V ot to VP ?...that is the question."

Might I inquire as to your opinions regarding the suggestion that VP can function as a stand-alone profitable trading system and whether you would consider it worthy of the $3300 asking price.

many thanks,

mixman
  • #766
  • Oct 31, 2006 10:10pm Oct 31, 2006 10:10pm
The thread title and significant question, was supposed to read as:

"To VP or Not To VP"

mm
  • #767
  • Oct 31, 2006 10:15pm Oct 31, 2006 10:15pm
sorry,

FF will not allow me to quote Hamlet in this forum
(odd recurring typos !)
Homer Simpson seems to work fine though.

mm
  • #768
  • Oct 31, 2006 10:57pm Oct 31, 2006 10:57pm
Hi Mixman,

I don't know if I'm qualified to answer your question because I am still in a testing phase of my VP systems, but I'll try. VantagePoint is good for those who want a tool to develop their own system, and especially for those who can't directly follow the market during the London and New York sessions. Since you are working only with daily charts, you can set your trades up as soon as data is available and then go about your business.

If you want to trade shorter time frames there are certainly cheaper tools available that may be more effective since they work with multiple time frames. I'm not supposed to mention other products due to the rules of FF forums, but if you want to contact me I'd be glad to share.

If you just want to make money and don't care whether you developed the system yourself, there are multiple signal services available on the internet. Some are rip-offs but many are legit. Whether they are worth it depends on how much money you have to invest. The fee you pay for VP would cover most services' fees for several years.

My personal approach is to use a signal service for my real account, and continue to develop my VP systems using a practice account. When I can equal or beat the signal service on a consistent basis I'll cancel it.

Good luck, I hope this helps.

Stoney
  • #769
  • Nov 1, 2006 3:11am Nov 1, 2006 3:11am
Hi

I would take the $3,300 and find some body who actually trades (and can prove it) for a living and pay them the money to teach you how they trade via a 1 to 1.

VP is overpriced for what it is and in my view only good for positional EOD traders.

I think that I paid $7,200 for 69 markets. Knowing what I know now I wouldn't have purchased it.

Just my 2 cents worth

Good luck

T
  • #770
  • Nov 1, 2006 6:52pm Nov 1, 2006 6:52pm
Hi mixman......

I agree with Stoney's answer in post #768. VP is best suited for someone who wants to trade with daily charts and develop their own personalized system. It's a great tool if that's your goal.

As for discounted pricing: I've stated repeatedly that I bought VP at a discount. However, it's my understanding that the days of deep discounting are over. As Stoney said, you need to weigh the cost of the software against the results you believe you can attain by using it.

For me, VP is a great asset in my trading tool box.


Quoting mixman
Gentlemen of the VP Discussion Post,

I have read this entire thread and most of the forward testing thread on Vantagepoint.
I have read many of the generous trading logs, submitted by VP traders.
I have been educated and entertained by all of your articulate posts, which I found to be informative and full of insight and wit.
I have also spoken with 3 VP users, courtesy of my VP sales rep.

I have been solicited daily by my VP rep for the past week and his best offer to purchase VP, was $3300 for all Forex pairs, (1 category) or $3900 for 2 categories.

Upon my mention of discounted prices that have occurred as recently as this past summer, the VP rep stood firm and said "those prices will never be seen again."

My conclusion from all that I have learned from you, is that VP is a worthy tool, however by no means the grail, averages around a 55% success rate and is over-priced.
As stand-alone software it seems fro all that has been expressed in this thread, that VP, can not be used as a a highly profitable trading system.
The VP rep suggests that, in fact, it can function as a highly profitable stand-alone system.

So just as Hamlet had to answer the most famous question ever written, I am now faced with a similar dilemna.

"To V ot to VP ?...that is the question."

Might I inquire as to your opinions regarding the suggestion that VP can function as a stand-alone profitable trading system and whether you would consider it worthy of the $3300 asking price.

many thanks,

mixman
  • #771
  • Nov 2, 2006 12:43pm Nov 2, 2006 12:43pm
Quoting mixman
Gentlemen of the VP Discussion Post,

.....

"To V ot to VP ?...that is the question."

Might I inquire as to your opinions regarding the suggestion that VP can function as a stand-alone profitable trading system and whether you would consider it worthy of the $3300 asking price.

many thanks,

mixman

Hi mixman

I purchased VP about 6 months ago - 3 markets for $1500. After a huge amount of back testing with various methods I concluded that backtesting with PHi's and PLo's was inconclusive because of the lack of interday data - you never knew if the high or low came first in the day. I had some success with MA/PMA10 with Gold but not with Forex, but then found (from this forum) that PMA10 was very similar to EMA3/SMA10 which are free indicators.
You can draw your own conclusions as to what I'm doing but I may have a fresh look as I've already spent the money.
  • #772
  • Nov 2, 2006 1:46pm Nov 2, 2006 1:46pm
Quoting mixman
Gentlemen of the VP Discussion Post,

I have read this entire thread and most of the forward testing thread on Vantagepoint.
I have read many of the generous trading logs, submitted by VP traders.
I have been educated and entertained by all of your articulate posts, which I found to be informative and full of insight and wit.
I have also spoken with 3 VP users, courtesy of my VP sales rep.

I have been solicited daily by my VP rep for the past week and his best offer to purchase VP, was $3300 for all Forex pairs, (1 category) or $3900 for 2 categories.

Upon my mention of discounted prices that have occurred as recently as this past summer, the VP rep stood firm and said "those prices will never be seen again."

My conclusion from all that I have learned from you, is that VP is a worthy tool, however by no means the grail, averages around a 55% success rate and is over-priced.
As stand-alone software it seems fro all that has been expressed in this thread, that VP, can not be used as a a highly profitable trading system.
The VP rep suggests that, in fact, it can function as a highly profitable stand-alone system.

So just as Hamlet had to answer the most famous question ever written, I am now faced with a similar dilemna.

"To V ot to VP ?...that is the question."

Might I inquire as to your opinions regarding the suggestion that VP can function as a stand-alone profitable trading system and whether you would consider it worthy of the $3300 asking price.

many thanks,

mixman
That question has been asked before. I would say generally VP is good tool however overpriced. It has been proven by myself and another trader buddy of mine for significant timeperiod of intraday trading (6 months or so). I would not pay more than 4k for the forex only market version. I paid 10k for the full version with all the markets and still think it was worthwhile investment. I use mainly phi plos in my daytrading.
  • #773
  • Nov 2, 2006 4:15pm Nov 2, 2006 4:15pm
Howdy all if I can put in my 2 cents. I purchased Vp end of Aug for $3,000 and used a system of the 10day cross for some of Sept with some success. I then researched and developed a system which I have posted here with great success. It is trading the dailies so if U are used to trading the the 5,30,60 min charts it takes some getting used to with disipline to not tinker with Ur plan. In the past I had developed a system on the 60min chart not using VP that generated many pips but meant that I had to get signals during the Euro session and living on the East coast of the USA it can be a pain. So trading the Daily chart is really nice. I have also found that trading 1 cross is a losing plan. Diversifying is the key. As for me and my trading I am sold on VP. I of course would of liked to have bought it for less and who wouldn't but be it as it may I am happy with my purchase.

Fellow pip hunter
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #774
  • Nov 3, 2006 5:53am Nov 3, 2006 5:53am
I have been trading with gfxsa,IBFX,gaincapital,fxdd and MB trading. I am in India now. Early in the morning in indian times is a good time for me to trade. No requotes and no slippages (most of the times)

I have been into this trading past 7 years. And so far I have given around 25 seminars on technicals and fundamental to the traders,investors and others.

The reason for telling you this is......The knowledge is helping me a lot.

When I analyse the market i would use Daily and weekly chart. And when I take position I would see 5 min and 15 min chart. The JOURNEY of the charts and lines would give me good clues in going for positions.

One more technique I use is....I have platforms from European comapanies and US companies. Depending on the liquidity of the broker always one platform is showing the way for me. Means if one is down the otherone would follow that. It would vary in seconds. we need to to be very alert. This way i have made huge profits. Though it looks silly but it worked a lot for me. There were days where insteed of one lot i entered with 10 lots. And everytime it was a successful trade for me.

While I study one particular news I study the the very neatime news also. Generally to encash the profits from a particular news.....the very nearby news should also support it. Hope you r aware of it.



I would be very much happy to be in touch with you.
  • #775
  • Nov 3, 2006 10:27pm Nov 3, 2006 10:27pm
Quoting williamk
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.
Hi williamk,

What do you mean by the predicted high or low being "positive/negative"?
Do you mean when, say, the pred. hi for today is higher than the pred. hi from yesterday, then it's a positive indicator?

But sounds like you've got it working for you, thanks for sharing!
  • #776
  • Nov 6, 2006 12:20pm Nov 6, 2006 12:20pm
Hi,
Is there anyone willing to share previous data from vantagepoint for backtesting purposes?

Just asking as I think this is a pretty expensive tool to just go out and purchase for $4K without knowing if your own methodologies even have a chance of melding with the software? I'm not sure if my request is even possible or too abstract, depending on how many or how involved the indicators really are, but I do have a daily strategy I would like to test involving the GBP/USd and EUR/USD, and knowing which way the pound is going 80% the time would be invaluable......but I just can't seem to justify the large purchase price being the small fish trader that I am at this time.

If I knew how it worked with my daily system for the last 6-12 months, that just may sway my opinion

If anyone would like to help, and I'm not out-of-line with my question, please email or PM at your convenience.
Thanks!!
  • #777
  • Nov 9, 2006 8:06am Nov 9, 2006 8:06am
My friends, please note that GFTForex (with Strategic Trading Institute) has just launched an AI neural network that looks exactly similar with VP (with more expensive fee, USD500 per pair per month!!). But they claim they can also predict the exact time of the day Forex pairs will peak and bottom out, a clear advantage over VP. Please visit the following links : http://www.stitrader.com/foresight/?aid=104 Hope you guys have any idea on this techno that there are using. Anybody have tried this service? Is it reliable ??
  • #778
  • Nov 9, 2006 8:33am Nov 9, 2006 8:33am
I have VP but now I am looking for a simple EA or Metatrader indicator based on VP. Perhaps something that can plot PHigh, PLow, Average Closing Price (last three days) and NI on my Metatrader. Anybody can help me ?
  • #779
  • Nov 9, 2006 9:06am Nov 9, 2006 9:06am
This post got my attention because I'm always looking for another great trading tool, so I took a look at the link.

The first thing that hit me was the price. $500 a month per currency pair! WOW! It's hard to imagine paying that much money for a service without an established track record (and people complain about the one-time price for VP?). Which leads to the second point; GFT is a "new kid on the block", having only been in business since 2005. They don't have the experience or "the track record". I'll be keeping an eye on their service (wish I could get a free trial run on one pair!). But in the meantime, I'll continue to rely on my "trusty" VP.


Quoting fazrulalias
My friends, please note that GFTForex (with Strategic Trading Institute) has just launched an AI neural network that looks exactly similar with VP (with more expensive fee, USD500 per pair per month!!). But they claim they can also predict the exact time of the day Forex pairs will peak and bottom out, a clear advantage over VP. Please visit the following links : http://www.stitrader.com/foresight/?aid=104 Hope you guys have any idea on this techno that there are using. Anybody have tried this service? Is it reliable ??
  • #780
  • Nov 9, 2006 9:16am Nov 9, 2006 9:16am
Quoting BeachBum
This post got my attention because I'm always looking for another great trading tool, so I took a look at the link.

The first thing that hit me was the price. $500 a month per currency pair! WOW! It's hard to imagine paying that much money for a service without an established track record (and people complain about the one-time price for VP?). Which leads to the second point; GFT is a "new kid on the block", having only been in business since 2005. They don't have the experience or "the track record". I'll be keeping an eye on their service (wish I could get a free trial run on one pair!). But in the meantime, I'll continue to rely on my "trusty" VP.
My sentiments exactly! I got that email from GFT, too. I am quite happy with VP. I would imagine as time progresses, that many more companies will be jumping on the "neural network indicator" bandwagon. Buyer beware. VP has been around for years with proven track record.
5 traders viewing now