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VantagePoint discussion thread

Just to confirm the five you use, when you state Predicated High and Predicated Low, are you talking about the Predicated High Difference and Predicated Low Difference?

Do you take into consideration Strength at all? Or found any reason not to use it?

I scanned back through GBP/USD and when all 6 (if you included Strength) were the same (positive or negative), the results look pretty good. Going to check out the pairs you listed below.

David

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
Hi David,

Yes you are correct on the Predicted High Diff & Predicted Low Diff. I have checked if the Strength indicator added to a more positive results and I found it didn't.
As far as trading the Gbp/Usd I use the 10day cross. I compared the backtest results since the 1st of 2006 and found the cross itself generated 71% winners as compared to the "4 Out of 5" method which generated 65% winners and 10 additional trades (spreads cost $$$). I also take only 10day crosses when U get "4 Out of 5" or "5 out of 5" on the cross candle. You can see those results on Post #814.

Fellow Pip Hunter
Bill
"When there is no peril in the fight there is no glory in the triumph."
WilliamK,

Thanks for sharing your successful method with us. I have a couple questions:
1) After you enter a market in one direction, when will you reenter that same market in the same direction? In other words, do you wait for the 4 out of 5 indicators to give an opposite signal or can you reenter market in same direction if the indicators tell you to?

2) Do you adjust your stop on your 2nd and 3rd lots after first 50 pips are taken?

3) Have you traded or backtested any of the other pairs with this method other than the 5 in your original post?

Again, thanks for sharing with us!
Howdy TraderBill,

1) The way I have been trading is that if I am Long I wait till I have a opposite signal to go short and haven't reentered any so far, I don't like to jump onto moving trains financially dangerous. BUT and you know there is always a BUT I just started reentering if I have been stopped out say on a long and then get a "4 out of 5" long signal after that I will now reenter on that signal.

2) I use the 10day ATR as my stoploss and once the trade hits my 1st TP of 50pips I have been moving to BE on the remaining lots.

3) Yes I have tested all 14 crosses that are available on Vantage Point. Actually there are 7 crosses and I trade those because they have had 70% winners or better. They are GbpUsd, GbpJpy, EurGbp, EurJpy, EurCad, UsdChf, UsdJpy. Now there other crosses that trade @ 60-65% winners but 7 crosses are enough for me to trade.

I usually have 1 lot left over once my 3 hard TPs get hit as a runner and have been looking for a way to get most of the trend in pips on that last lot. What I have observed if I place the Predicated Medium Term Trend indicator only on the bottom and use a trend line on it once the indicator crosses the trend line I Exit the last lot. I will try to put a chart up to illustrate hopefully it works.

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
HELP

Can anybody tell me how to make a screen shot that I have copyed to MS Paint it is giving me a message that my pic is to large 1280X1280 when the Max U can upload id 600 X 600

Thanks
Felow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
tdion, you will notice that some of your posts are deleted out of here, you are breaking rule #1. you have made your point, others have responded. please let it end there. everyone should be free to trade how they want to trade without someone hanging over them with criticisms. this is a common problem on the forum where a member will hijack a thread with critisism of the technique being used. there is no problem with voicing your opinion where you wish, but when it becomes the center of attention is can really get the thread off track. thanks for your understanding.
Relax and be happy.
I have PMed williamk an apology and sincerely want everyone to succeed.
Quoting williamk
HELP

Can anybody tell me how to make a screen shot that I have copyed to MS Paint it is giving me a message that my pic is to large 1280X1280 when the Max U can upload id 600 X 600

Thanks
Felow Pip Hunter

Bill
Bill

If you download free IRFANVIEW from http://www.irfanview.com/ you will be able to resize for posting under Image|Resize/Resample.

Best regards
Bill

For PAINT the help file reads:

"To change the size of your picture
On the Image menu, click Attributes.
Under Units, click the unit of measurement you want to use for the width and height.
Type the measurements in Width and Height."
Thanks every1 for the help on uploading this chart.
The indicator on the bottom is the Predicted Medium Term Trend indicator What I did is draw a trendline from the beginning of the move on the indicator and hopefully touching 2 spots like all good trendlines are drawn. Once the indicator line crosses the trendline look to get out at the close of that candle. The Black vertical line is only to illustrate what candle the cross actually happened. It seems to pretty much be at the end of that perticular run top or bottom.

Fellow Pip Hunter
Bill
Attached Image
File Type: bmp GbpJpy Trendline 3.bmp   844 KB | 494 downloads
"When there is no peril in the fight there is no glory in the triumph."
Here is another example. You guys should not have shown that method to me now I'm like a kid in a candy store

Bill
Attached Image
File Type: bmp UsdChf 12-29.bmp   844 KB | 495 downloads
"When there is no peril in the fight there is no glory in the triumph."
  • Post #832
  • Quote
  • Edited at 4:31am Dec 30, 2006 4:21am | Edited at 4:31am
WilliamK,
Another way to resize your images is to do this:
if you are taking screen shots they can go straight into Microsoft Photo Editor. Under Edit there is the command "Paste as New Image."
Then go to "Image" and find "Resize;" choose Units as pixels, and then choose the 600 x 600; and then save as what ever you want.
However sometimes the reduction does not produce the best results. It depends on the image you are working with.
Hope that helps too.
Microsoft Photo Editor is usually found in the folder "Microsoft Office Tools" in my computer.
Or you can save the file as a *.jpg when you use Paint. Then open Micosoft Photo Editor and follow the same steps as just outlined.
Cheers
Frank
FrankieB
Quoting fijitrader
Anpar. Thank you for being the first person to give me some feedback on this review. I greatly appreciate your compliments on my work. I also understand your thoughts about cost and trading experience. While I first bought this software for the futures markets as a relatively new trader I found the software very useful but also found I could use its information more effectively once I gained more trading experience.

FT


I have read your review and the system but could not find the results of your test trades. Could the data be gotten else where???????
[quote=fijitrader]
Quote
Man can I ever relate to what you are saying. I've found this applies in just about every field of endeavor but especially a musical instrument. Years ago I read that the degree of enjoyment we experience in life is in direct proportion to our abilities.

FT
I have to put My $2.00 (inflation) here. I have spent tremdndous amounts of money on tools, for a carpenter (retired) and the one thing that still stands out is that a person perceives the quality of their environment that they are themselves. One can not produce a product that is better than they are themselves because they/him/her can not see "better" than he/she/them actually are. Besides, "the only difference between men and boys is the price of their toys". As a carpenter I spelt "tools", "TOYS". I hav e VP have had it for a while and still can't say I understand it all but I am learning how it works and what it means. Thanks
Quoting Beachie41
Now wouldn't you feel a tad miffed if you had went ahead and purchased VP in the past month.

In Oct I was on the receiving end of a barrage of emails from a certain VP rep saying that I could save big $$'s on the below.

"We hare having some very generous specials until Friday, October 14, 2005


<?xml:namespace prefix = o /><o></o>



6 markets of your choice – One Time Investment for LIFE of only $3500<o></o>







10 markets of your choice – One Time Investment for LIFE of only $3900<o></o>







etc etc"























<o></o>

When I bought VP I talked it up with the rep for a bout 6 wks. She began to act as if frustration was getting the better of her but the deal ended up being all the markets they covered at the time for 3Gs. about fourty markets: metals, grains, fuels, animals, pairs, indexes..... not really sure what all is in it because I didn't reallty want it all! The major point I got was that there is a quarterly program for sales (normal) and at that point (last day, an hour before close of business) the discounts are huge! CSI was the recommended data source and they have been good to me. If you spring for the software get the data on a per year basis. Pay for 10 months and get 12. Ilkie the pgm but learned more about it from FIJI than from the source of the pgm. Maybe FIJI should write a pamphlet for the company and get paid for it!
Quoting williamk
Howdy TraderBill,

2) I use the 10day ATR as my stoploss and once the trade hits my 1st TP of 50pips I have been moving to BE on the remaining lots.

Bill
http://forexfactory.com/forexforum/i...s/thinking.gif
I am very interested in how you use it. I have been looking on the internet for information about this squigly line, but haven't found a good explanation of it. or are you using some raw data to tell you what that ATR is?

What software are you using to trade with also?

Cyclone
Cyclone
I'm with you on the atr thing.......I have searched the internet and looked at all the numbers and everything else I can think of but the ATR and how it is used makes absolutly no sense what so ever to me
Same Whore .... Different Dress
Howdy all,

Yuo can get ATR or Average True Range from any charting software. I happen to use the 1 my trading platform comes with set to 10day.

If you have Meta Trader 4 it is included with it under Indicators.
Here is the link for Meta Trader 4 through FXDD broker just sign up for a demo account it runs out in 30days just click File and Open Account and click click your up and running again

www.fxdd.com/meta_trader.html

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
Quoting williamk
Howdy all,

Yuo can get ATR or Average True Range from any charting software. I happen to use the 1 my trading platform comes with set to 10day.

If you have Meta Trader 4 it is included with it under Indicators.
Here is the link for Meta Trader 4 through FXDD broker just sign up for a demo account it runs out in 30days just click File and Open Account and click click your up and running again

www.fxdd.com/meta_trader.html

Fellow Pip Hunter

Bill

Bill

I have IBFX Demo with Metatrade, but how do you read it (ATR)?
Could you post some enlightening photos for us. To me right now, the line goes up/down. Where are you getting the number for the stop? Most of us are just learning things right now.

Also do you have any good EA's for Metatrade.

Thanks

Cyclone
Cyclone
Cyclone,

Look at the upper left hand corner of the indicator box. To the right of the name ATR is a # which is the Average True Range of the last 10 days in this case it would be 136 or 136 pips. That is what I use as my stop. So when U place your trades just look @ that # and U have your Stop Loss. So don't be too worried about the blue line look @ the value of the last closed candle.


Fellow Pip Hunter

Bill
Attached Image
"When there is no peril in the fight there is no glory in the triumph."
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