VantagePoint discussion thread

Doc, I don't think VP is a total waste but it is way overpriced for what it does. paying 4k to achieve that kind of return is not worth it when I do better on my own with fundamentals and standard indicators like RSI and CCi trendlines and s&r.
i can show you methods that do 20% in a week with much less work using very simple methods like grids and one single indicator...

I couldn't agree with you more. VP is extremely overpriced considering you can get the same indicators & "crossovers" with an EMA combination. Other methods can work much better not to mention many of these people praising VP have some sort of connection with the company.

Please explain, if you would feel more comfortable pm me with the details, much appreciated!

me too

They have a 15 day refund policy.
They won't tell you unless you bring it up.

Can some one point me to good ways to use vantage point software either in a PM or a post.... is it in this thread, because it seems to me it's all about
customer satisifaction.... and not trading with VP

If you are stuck with the software, Lets figure out how to use it...
All I find usefull so far is the daily high and lows but not trust to use them to make any trades so far.

PM sent............

If VP helps to reduce the time required to trade, as well as reducing psychological factors; I think then perhaps in the long run it may be worth the money.

Unfortunatly, I have not used it yet.

also - I have not read through much of this thread yet, but there apears to be a clear divide on whether this program is worth it.

One thing I see though, is tales told of either blowing accounts with it, or making money with it.

This tells me nothing because 3 people can enter the exact same trade, and one walks away with +50 pips, another walks away with +120 pips, and another walks away with -10 pips.

What seems to be missing most, is the techniques that were used to blow accounts\make profits, along with the money management used in each trade...

ok - maybe I am speaking too soon, like I said I haven't read much of the thread, but scrolling through the last pages these are my initial observations. I will do my HW and read more though;

Beachbum, I know you like VP - would you agree it takes MORE than just THE SYSTEM to be a winner vs account imploder?

One of the problems that many new traders and some experienced traders as well have is their desire to buy, ready-made and off the shelf, a turnkey solution. That is, they want to buy someone else's system and just implement it and make money without working too hard. If it were that easy computers would have replaced fund managers and traders, no one would work and everyone would trade. But these nicely packaged solutions are real money spinners. That is why they will be pumped out, year after year. Different format, different cover, same message. "It’s easy, just buying me; I'll show you how to make your first million."

copied from a site.

i can't seam to get the review page to view it.
can you post it please

http://www.forexfactory.com/showthread.php?t=2978

Also check the "Similar Threads" box at the bottom of the page.

Hi Fijitrader,
I´m new to VantagePoint software. I trade forex. Could you suggest me a method to use the software in this market?,
Thanks.

VP is in the same league as forex made easy....... don't throw your money away on over priced proprietary systems that in the end still require a lot of discretion to trade.........
put that hard earned cash in a trading account and trade Jacko's system. Jacko's Forex House of Pleasure and Pain

I'm using VP7.0 & have been using CSI data... I'm very frustrated that their data isn't available until after 7:30PM Eastern time, and sometimes all of it isn't even actually there until after 8PM

I've had some dialogue with Genesis about using their service & they told me their data is available at 6:30 Eastern time..

Can anyone comment on this? Does this really happen?

Also, any inputs on how using CRB as a data source works?

Thanks all.

Tango

Do any other vantagepoint users know what has happened to the traderchat.com website? It seems it has been taken offline, probably due to recent criticism of the software and the fact that critical posts were deleted by the moderators. I called VP but they denied it was their site, I've since checked and its actually registered to their office!

Isnt it about time that people who have been ripped off by VP got together and took some action against this company?

Check out this link from another 'happy customer' who even went to the bother of setting up his own website! http://www.vantagepointsoftware.info/

About a quarter of the way through this thread, you'll find where a guy posted his VP NN crosses were identical to an EMA 3/1 cross. (suspicous, even if not proven.) Interesting how this red hot thread cooled down to a navy blue.

tried it and can say it is waste time money

-----------------------------------------

I was shocked to learn that traderchat.com had gone 'off the air' as well. I had talked with Lane Mendelsohn (son of the Vantage Point founder & currently VP of Market Technologies) back about the time the site was getting started. I contacted him today when I saw your post <above> and asked 'what the heck happened'?? He clarified a couple of things:

(1) TraderChat.com is owned & operated by TradingEducation.com, not Market Technologies; they are 2 very separate entities and operations.

Lane IS involved in all those companies, as he IS actually the founder of TradingEducation.com, and they ARE housed in the same large office building as Market Technologies. These are not some kind of deep dark or sinister secrets folks -- they are public facts. In fact, Lane was interviewed by Stocks & Commodities magazine back in January of this year, and they discussed these issues.

The operations are totally separate, and most if not all the employees of Market Technologies are not employees of TradingEducation.com nor TraderChat.com.

TradingEducation.com & TraderChat.com subsist, survive & operate, based on advertising revenue. In other words -- advertisers 'pay per click' to the hosting website (TradingEducation & TraderChat) when users of those sites click on their ads. That was Lane's concept when he started the sites -- provide awesome resources for traders, free of charge, due to the ad revenue generated by the sites. He told me that Market Technologies actually pays advertising fees to the sites just like all the other advertisers.

Lane said the click-based revenue from the TraderChat.com site had dropped to the point it could not sustain the costs of its own operation -- and so it was shut down, pure & simple. Makes sense to me.

TradingEducation.com is much broader in its scope than 'just' Vantage Point, and Lane said the revenue from that site remains strong.

Why did traffic to the TraderChat website decline? Probably many reasons, not the least of which was surely that several of the Vantage Point 'super users' who were posting and contributing to the site got tired of being flamed and attacked by others -- so, they walked away.

I think that's a shame, and frankly, it irritates me, because ~alot~ of us would certainly like to read and learn more about and leverage their 'adventures' and experience and insights with Vantage Point!...

Do I think Vantage Point is a scam, a charlatan, a poser? No. Is it the holy grail, the 'black box' trading system, with iron clad, can't miss, buy-sell signals? Again, No. (the Company even goes to great lengths on their website, right next to the examples they post, to tell you that.)

Further: Am i related to them, do I work for them, do I have some vested interested in Market Technologies, or TraderEducation.com or any of that? Again, No.

I ~am~ however a fan of neural network technology, having developed and used them in some pretty significant engineering analyses involving orbit mechanics and space vehicle dynamics; I've seen neural nets interpolate on multi-dimensional data in ways no other tools could do, and provide the 'right' answers. Having that experience is what drew me to adding Vantage Point to my trading toolbox.

I think people should learn it, use it, or leave it -- just like any other consumer product. If someone has a beef with the Company, take it up with them; but don't take it out on people who are just working to use the software more and more effectively.