"When there is no peril in the fight there is no glory in the triumph."
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....
DislikedFrank, 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
DislikedHowdy 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
I have been using the Average True Range for the last 10days for my StopLoss. Special thanks to BeachBum for bringing that method to my attention.
I have been trading Forex for 3yrs now and this has been the most profitable system that I have used yet and I have used more than I can count.
Happy Pip Hunting
DislikedI've been a user of Vantage Point software for awhile now and never had any real problems with it. Recently though when I try to open up market data in Vantage Point I get this error message:
'Unable to open database "C:\Program Files\Market Technologies\VantagePoint Intermarket Analysis Software\Database\GBP-USD Cash.MDB" - Unable to initialize DAO/Jet db engine.
This possibly corrupt database file will be deleted. If this problem persists, please contact Market Technologies technical support.'
I contacted technical support and they told me that DAO/Jet db engine is a Microsoft technology and that I should look in the knowledgebase on Microsoft.com to fix the error. I have been unable to find a solution to this error so far, as the solutions on the knowledgebase are not clear to me. Has anyone else had this problem or know how I can fix it? Thank you.Ignored
For all of you that have read my post about trading with VP using 4 out of the 5 indicators.
There is 1 cross that I do use the 10day cross only which is the GbpUsd. I went a little further in my observations in taking the crosses. I went back and looked @ the 5 indicators that I use on the other crosses and saw these results on the GbpUsd 10day cross of those indicators:
2 out of 5 @ the cross = 2 times and both were bad trades
3 out of 5 @ the cross = 4 times and 2 were bad & 2 were good
4 out of 5 @ the cross = 7 times and 3 were bad & 4 were good
5 out of 5 @ the cross = 19 times and 3 were bad and 16 GOOD
Take what U will from this but it looks to me 2 out of 5 is a NO GO for me
Fellow Pip Hunter
DislikedI am looking at purchasing vp and I thought i had read someone paid 995 for it recently. Tell me more, the sales rep wants 3900.Ignored
Dislikedhi, i am new to this forum and just purchased a copy of VP recently, would like to ask the members here to comment on what i just did few days ago on verifying if Vantage point really uses intermarket data to predict as claimed. Please see attached file. It covers indexes, currencies, commodities..
I happened to use moving averages systems to trade, and use 3 days exponential/ 10 days simple MA to trade...to my surprise, the 3 days exponential MA is almost 100% the same as the VP's Predicted 10 days moving average !!
I am really disturbed by this surprised findings and wonder if the high priced software really justifies the investment.
I would feel better if someone here could let me know if my findings are wrong or has no basis...
I also tried to compare my own "PMTT/PSTT" and VP's PMTT/ PSTT since i know how VP developed the indicators. They are also indentical...
I have not verified the neutral index but knowing how this is derived based on Louis's book is not too difficult to create my own "neutral index"..
The question is, does VP really use intermarket data to analyse as claimed ? The single market analysis is as good and cost almost nothing...
Check out the attd zip file..