VantagePoint discussion thread

They give example of just 1 day....come on...how many people do they think they can hook with something like that...
at least VP gives like a sample of so many months.

I had requested info from Vantage Point. They have emailed me some links. Their salesperson has contacted me many times, but I'm not ready to purchase because I want to do more research.

Some of you are participating in some testing of their software. Can anyone give me some more info such as pros and cons, benefits of the software; does it help you make profitable trades majority of the time?

Are profits reasonably soon after starting to use the software, or does it take a long time to build up profit? How much knowledge is required to use it? Is it fairly easy, or complicated?

Someone said that the PMA 10 indicator Vantage Point uses is similar to EMA3/SMA10. Is this so?

Can anyone advise--should I use this software, or not? Please let me know any info you may have. Thanks!!
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Does anybody know how to backtest VP systems in Metatrader tester or another ?

Yes,
In order to backtest in Tradestation, one has to create a function that
returns the VP's values as a function of date and time.

For each day, in the Tradestation function, a line of code equating the
vp data must be coded. Then for the bar in question, the appropriate
data for the day returned via lookup.

The VP data then can be used on intra-day bars.

Some effort is required.

I have done this for the EUR/USD and GBP/USD pairs.

wart

Hi Marcin,
i have done this for MT4. Took about 300 lines of code to parse vp data but it works.

I see there have been a handful of people asking for secondhand copies of VP. I can understand, the $3000+ tag is a bit hard to take for an unknown (to newbies) quantity.

A couple of trader buddies of mine are not happy with theirs and asked me to post for anyone looking for a copy. One's happy to sell it for $1,200. PM me and I'll pass you his details.

As a warning, VP don't allow users to sell their software on to others, as is the case with most software, but technically there is no problem transferring from one PC (and therefore disabling the copy on that machine) to the new PC - you just can't change the user name.

If posting this contravenes house rules, I'll take it down asap.

Anyone thinking about doing this should think twice. When you switch this program from one computer to another, you must call VP for a new "Key Number" and "Registration Code". I know because I just went through this process. You will be asked "your user name" and a few other details before you receive this information. Buying this software used and then "trying" to register it again has it's own unique pitfalls and complications.............. "Caveat emptor"!

Merlin, you've been hiding a nugget of gold here. This is tremendous finding this thread.
Strangely, I emailed VP just before I found this forum suggesting it would be good for their customers if they developed a forum, where ideas could be exchanged. Undoubtedly, I'll get an email back in a day or two suggesting this forum.
I bought VP about a year ago, and when I got it, it seemed to be the most neolithic piece of software I had ever seen. It definitely had the Windows 3.1 software-architecture feel to it. My first thought was that I had been ripped off. I wrote a document listing all the failings as I saw it as a piece of software, with a view to send it to the company but in the end I just left it on file, and did nothing with it.
I had been using Metastock up to that time, and to compare Metastock Pro (AUD2,000) with Vantagepoint (c.AUD10,000-I bought the full package) was like comparing a T-Ford to a latest Ford. I felt I was truly ripped off, but then I decided I would have a look at it and not judge it prematurely. As a piece of software though, it reminded me of software that came out in the early 90's when a 300MB HDD was a big thing.
I did not bother to go any further, as when the EOD data came out I was at work and could not access it to later in the day (Australia time) and so I eventually lost interest, mainly because I needed some help to interpret it and be coached for a few trades to see how it worked and get a hands-on feel of it.
But reading the review by fiji and this thread has stimulated my thinking into action, and I might take another look at the dinosaur and see if I can make sense out of it.
It would have been great if the salesman at Vantagepoint, who was so keen to ring me repeatedly to Australia to answer my questions initially, would have been prepared to ensure some after-sales service with the use of the software, since a satisfied customer is their best advertisement. But after the sale, not a word, except for a thank you for buying our product email. And then I was dropped like a hot potato. It seemed to me like I was a sucker; taken for a quick sale and then left out in the dark.
No periodic phone calls from the company to see how things are going and if they could offer any support. I wonder how many others are out there like me. I read of one guy who did half his account before he gave up on the software, but then he never got specific with his trading techniques so I could not judge who was at fault.
Well, I was up most of last night reading this forum (Sat), and finished it today (Sun) after a 12 hour stint. I cut and pasted what i thought were the pertinent ideas on trading strategies suggested, in a very rough format for me to print, and digest over the next couple of weeks with VP and Excel in front of me. For those of you who might find this digest useful, I upload it for you. I formatted it a bit but is very rough. Have not read it yet. I might edit it as I read it and upload it again in a few weeks as a better version. It is purely a personal pick of the posts.

I enjoy the Metatrader platform, and I might try a demo account with the Forex crosses and see if i can put into practise what has been taught here. IF it works I will use it on my live account.
I will post my progress and let others know how I go, if you wish.
Cheers,
Frank

p.35 of the VP manual explains the displace mode moves the indicators forward "the appropriate number of days." Has anyone found this function useful when viewing the charts?
As I see it, when I put it in Displace Mode, if the trend is up, the low should not break the PL but should be riding the top side of the channel, and when the PA is trending down, the high should not break the PH, but should be riding the downside of the channel. When there is a break, one should be aware that the trend may be ending and pay close attention to the chart a bit more. And by having it in Displace Mode, it is showing the PL and PH for the relevant day. Am I correct?
I think I saw that on the video at the VP site http://www.tradertech.com/video.asp but she does not say that you put it in "displace" mode to see the predicted high and low for the next day. So one assumes she is just referring to the default "overlay" position.
I am a visual learner; I cannot see these things looking at numbers, but I can see it on a chart.
Cheers,
Frank

Frank
There is no displace mode in my version. P8 of my manual under New Features says: "Eliminated the need to put reports and charts in Displace Mode."

P43 says: "The predicted high and low values are displaced on the chart." (plotted on the day for which it is predicted).

Thanks Trinity,
I am working with 6.2. I remembered when you posted that I downloaded the Intermarket version, but have not got around to reloading it due to the laborious task of having to relabel all of the markets as i had to do on the first install.
So with the new version, you have to consider the overlay mode is giving you the PH and the PL for the next day, correct? Sorry, Trinity, did not read the bottom line of your post. That makes a lot more sense why I was not understanding my chart re the PH and the PL for so long, even before the update version came along.
Cheers,
FB

Sorry to hog the board at the moment, but my interest has been sparked and I am off and flying!! I want to get any nectar out of Vantagepoint if I can.
It has been brought to my attention that the two moving averages presented on the VantagePoint chart can be virtually replicated with a 10 day Simple Moving Average and a 3-day Exponential Moving Average, with the important exception being that one does not need to pay $,000s for them, as you do for the VP indicators.

Below are two charts of 70 bars of AUDUSD to give some example of the similarity.
What is important to notice for position traders is that in 3 out of the 6 crossovers shown above, the first chart indicated a change in direction one day before the Vantagepoint Crossovers occur, on 2 of the 6 crossovers, they occurred simultaneously, and in one case, 29^th August, the SMA/EMA crossed over 2 days before the VantagePoint crossover.

I just chose this section randomly; I wasn't looking for any result when I took a snapshot.

It would be interesting to test this result on a larger sample and across markets to see if this tool is a better indicator of change of direction in trend compared to the VantagePoint lines. (No offense to Pro-VantagePoint users intended). Pure maths here. If this is the case then the value of the crossover of the TrndM and the TrndS is overrided by using these two moving averages.
The next task for me then is to ascertain the use of the PL and PH for swing trading as others on this thread have used it.

Cheers
Frank
P.S. How do I display the graphic rather than attaching it?

Frank: Try looking at the Vantage Point 5 Day Moving average chart?.... it 'might' be more encouraging? But, it sure looks like you are on to something here! I bet Vantage Point would surely argue that the crossings the VP software shows are 'safer' entry levels than the more agressive entries shown by the the 2 moving averages....

Ted

I am new to VantagePoint and FF. I am looking for Fijitrader's sample system. He suggested that I post to see if anyone can help. He also suggested that I contact Merlin to find out where it is. How do I contact Merlin. Any help is greatly appreciated.

Thanks, PHowe

Frank check my post # 743 I have used that with 75% accuracy. Do U own VP or thinking of buying it? Also I checked the MAs U mentioned and from my hand back testing on my actual trading station and U may get some to match but more times than not it doesn't and I don't use them as U can read in my post. I use the other indicators.

Fellow Pip Hunter
Bill

Try Forex Discussions|VantagePoint Discussion Thread -- Post#1 points you to the review. You should be O.K from there.

The VP Sample System is at:
http://www.forexfactory.com/forexfor...mple#post24592

Trinity, the only weakness with this post of Fijittraders, excellent as it is for an explanation of his strategy, is that the link at the bottom of the post to a chart of his trades on this system is no longer active: http://www.forexfactory.com/fijirepo...y_trades_3.htm
Can this be renewed here, Fijitrader?

Thanks for the reply Tango46. It is not new, I noticed that Andrew posted the idea very early in the posts, and I did a visual backcheck on the crossovers to the beginning of 2005, and found that the VP signals beat the 3EMA /10SMA by a day on two less times than the 3EMA/SMA beat VP. An interesting outcome is that the 3EMA/10SMA did not enter 8 false breakouts that the VP did. I will get these figures more accurately when i have the time to plug them into a spreadsheet. As to whether there is a difference in trading outcome, remains to be seen.
Frank

Frank,

I'm very interested in your findings....

I actually tried to post this question to Market Technologies and could never show me comparison charts that would divert from 3EMA/10SMA

Please show me at least one example....

I would surely appreciate it.... I am still having difficulty in using it to trade successfully.... I tend to pick the false breakouts....

Does anyone know a way to distinguish when a 10 Day Predicted Crossover is merely a fluke? If anyone can truly answer this question I think that we would all profit a LOT from Vantagepoint....

Please anyone with experience send your comments because I have tried unsuccessfully to use the software and need any pointers to guide me through....

Thanks,

PEDRO

Frank, I find it interesting that U find it your mission to prove that the MAs on VP are the same as the MAs that U mentioned instead of trying to find a way to make $$$ from it. There are traders that I know in fact are making LARGE amounts of pips with VP and NOT by using the VP MAs, myself included. So go and reread all the posts that hold want I think are the keys to VP. I also noticed and have spoken to the traders that are making pips and have done all the work to devlop a system that works for each persons own trading personality and they refuse to answer your post that take U and Us NOWHERE so post something with some real insight.
Sorry for being so foward(not)

Fellow Pip Hunter
Bill