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VantagePoint discussion thread

  • #1,061
  • Edited 12:39pm Feb 25, 2007 12:28pm | Edited 12:39pm
Howdy Baddison,

Sorry no I don't other than the charts that I posted a page back. Since this was my 1st time doing this and getting used to the Skypecast functions I think it went pretty good.
Hopefully we can have more input from others next time.


Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,062
  • Feb 25, 2007 3:51pm Feb 25, 2007 3:51pm
Quoting williamk
Howdy all,

That is a great question which method is the most profitable????
Well which 1 is I'm waiting I hope I don't step on some toes but if U own Vp and U are using a broker that supplies charts from their feeds get a pencil and paper and get cracking. I have the #s U are looking for BUT no matter what I post and U start using you will B the 1st to post that this method is useless when the 1st say 4 trades are losses and they will happen. Even if U have 80% wins U are still going to have 20% losses nobody has the Holy Grail. Thats why U need to do the hours and hours of painstaking hand cramping back testing with paper and pencil to build the confidence that this IS a good method and to stick with it through the drawdowns.

Also even before anybody worries about a method U need to make sure U have your head around a money managment method because without 1 U will not be here tomorrow. Take that from a guy that blew out 2 very large accounts :surprised and it was not because of not having the best system.

I am posting a website that has a money managment caculator that was given to me by Cyclone that will keep you from lying to yourself. We all have at 1 time or another.

This not directed to any1 in particular but a little advice from some1 that has payed his tuition to the school of hard knocks

http://www.mataf.net/en/money-management.htm


Fellow Pip Hunter

Bill
good advice, iv got the money management , i will refrase the question -

no i wont - come on which one .........lol i don,t want to trade them all i just need a little help in deciding in your oppinion?

thanks anyway
gary
  • #1,063
  • Feb 26, 2007 11:03am Feb 26, 2007 11:03am
Quoting Keivan
It is 10:35 est 24 FEB.
Skype shows:
Vantage Point Trading

Hosted by victoriamartha
Started 16 minutes ago - 0 participants
Discussions about using Vantage Point software.


???
I too had the same problem as Keivan. I'm not sure of the issue. I was able to pop into other skypecasts and hear them talking. I'm sorry I missed this.
  • #1,064
  • Feb 26, 2007 2:11pm Feb 26, 2007 2:11pm
Howdy Snug,
I am sorry U had a problem with entering the conference but Keivan finally did make it in and so did 30 other people. MayB next time I have another Skypecast you will be able to get in.

Fellow Pip Hunter
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,065
  • Feb 26, 2007 3:22pm Feb 26, 2007 3:22pm
Quoting williamk
Howdy Snug,
I am sorry U had a problem with entering the conference but Keivan finally did make it in and so did 30 other people. MayB next time I have another Skypecast you will be able to get in.

Fellow Pip Hunter
Bill
OK, Bill....all ears perked up for when you will be holding the next skypecast. Hopefully this time my DSL provider will not drop my link and I will be able to attend!!

Bernadette
  • #1,066
  • Feb 26, 2007 3:27pm Feb 26, 2007 3:27pm
Quoting williamk
Money Managment site

http://www.mataf.net/en/money-management.htm
bill ,
you mentioned in a previous post you would be back testing on the neural index alone.,
on the results you had back tested up to - it was showing more pips over 100 than the 4 out of 5 method OR the MA cross method
do you know if this is still the case,

very very interesting if it is ( as henry gibson said to a lesser extent)

gary
  • #1,067
  • Feb 26, 2007 4:21pm Feb 26, 2007 4:21pm
Barney,
If U don't mind me asking U do U own Vantage Point? The answer is yes it does have more winners over 100pips but also increase in the amount of losers.

Still working on the rest could use a little help tho.

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,068
  • Feb 27, 2007 5:00am Feb 27, 2007 5:00am
Quoting williamk
Barney,
If U don't mind me asking U do U own Vantage Point? The answer is yes it does have more winners over 100pips but also increase in the amount of losers.

Still working on the rest could use a little help tho.

Fellow Pip Hunter

Bill
yes have had vp 2 months.

I do not know if it will work yet but i am looking at using the 4 out of 5 method with the part time wealth building sytem,

upon the the above vp method occuring ( 4 out of 5)
at 00.00 gmt i would place a trade on a volatile pair - gb/ jp
3 lots tp 50 - 100 - 150 ,
stop and reverse of 50 points,
but the reverse trade would only be 1 lot (because it is against vp predictions),
take profit 50 pips and wait for the trend to return,
or the vp 4 out of 5 to change,

this is very early in development and i need people to look at the wealth building sytem thread and the vp 4 out of 5 and/ or MA crossover to see what they think , i think it has great potential ,
i have not done any back testing because im still not sure on the numbers but cant see why it should not produce great profits.

gary
  • #1,069
  • Mar 7, 2007 10:15am Mar 7, 2007 10:15am
Hope I don't get Whacked by a moderator, but I just thought people might like this one since it is free. Yes it does have FOREX too.

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  • #1,070
  • Mar 7, 2007 10:22am Mar 7, 2007 10:22am
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Cyclone
  • #1,071
  • Mar 7, 2007 4:44pm Mar 7, 2007 4:44pm
All great magazines Cyclone I read them every month. and they are FREE even better. But thanks again for bring this kind of info to us.

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,072
  • Mar 16, 2007 7:59pm Mar 16, 2007 7:59pm
Hey WilliamK,

I just have 1 quick question: with your 4 out of 5 VP trading method, how many trades per month (or per week) would you say it yields on average? Thanks in advance for the info and continued trading success...

  • #1,073
  • Mar 16, 2007 11:18pm Mar 16, 2007 11:18pm
Howdy OC22,

I have been doing quite a bit of testing since getting 7.0. The 4 out of 5 method still works well but not as good as I got on version 6.4. When I say not as good I mean it is getting 60-68%, fantastic as that is, compared to getting 70% on the older version. Plus I am using my brokers Candles with the Open High Low & Close as opposed to using the values on VP to backtest. I have explored, tested and am using a couple of other methods that are getting me better results.
Answering your question about 1 trade a week on avaerage per cross. So if you are trading 7 crosses you may have as many as 5 trades open during each week.

Fellow Pip Hunter

Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #1,074
  • Mar 18, 2007 12:46pm Mar 18, 2007 12:46pm
Quoting williamk
Howdy OC22,

I have been doing quite a bit of testing since getting 7.0. The 4 out of 5 method still works well but not as good as I got on version 6.4. When I say not as good I mean it is getting 60-68%, fantastic as that is, compared to getting 70% on the older version. Plus I am using my brokers Candles with the Open High Low & Close as opposed to using the values on VP to backtest. I have explored, tested and am using a couple of other methods that are getting me better results.
Answering your question about 1 trade a week on avaerage per cross. So if you are trading 7 crosses you may have as many as 5 trades open during each week.

Fellow Pip Hunter

Bill
[FONT='Verdana','sans-serif']Unfortunately my experience with "4 out of 5" is less than 60-68%.[/font]
Anybody has better idea about VP strategy?
How can we get to 80% accuracy in our trades?[FONT='Verdana','sans-serif'][/font]
  • #1,075
  • Mar 18, 2007 12:48pm Mar 18, 2007 12:48pm
Quoting williamk
Howdy OC22,

I have been doing quite a bit of testing since getting 7.0. The 4 out of 5 method still works well but not as good as I got on version 6.4. When I say not as good I mean it is getting 60-68%, fantastic as that is, compared to getting 70% on the older version. Plus I am using my brokers Candles with the Open High Low & Close as opposed to using the values on VP to backtest. I have explored, tested and am using a couple of other methods that are getting me better results.
Answering your question about 1 trade a week on avaerage per cross. So if you are trading 7 crosses you may have as many as 5 trades open during each week.

Fellow Pip Hunter

Bill
Unfortunately my experience with "4 out of 5" is less than 60-68%
Anybody has better idea about VP strategy?
How can we get to 80% accuracy in our trades?
  • #1,076
  • Mar 18, 2007 10:39pm Mar 18, 2007 10:39pm
Hello Everyone,

I tell you, VP 7 has really renewed my interest. Try this:

Chart predicted values for Short Term, Medium Term, Long Term Trends, High, Low, Strength, Neural Index and Stochastic.

Primary signal: Neural Index, Strength same side of zero line PLUS Stochastic signaling in same direction.

Confirming signals: High, Low same side of zero line & sloping in trade direction, Short Term & Medium Term sloping in direction of trade.

Split position into 3rds, take profit on 1/3 at 50 pips and move stop to break even, take profit on 1/3 at 100 pips and let rest ride until stopped out or strong resistance met.

Pay attention to support & resistance. I use pivot points calculated using Fibonacci ratios on a weekly basis. VT Trader software does this for me. Whenever possible buy at support and sell at resistance. I use stops from a VT Trader indicator I bought from tradecurrency.ca, but I imagine you could use VP stops. Never risk more than 2-3% of your account on any trade. As always, test it yourself before trading real $$$.

All credit to WilliamK, this is just a modification of the strategy he has been so kind to share.

Good Luck!
Stoney
  • #1,077
  • Mar 19, 2007 8:56am Mar 19, 2007 8:56am
IMO, this is excellent advice for using VP! Stoney would you have the time to post a chart or two showing how your strategy looks? Thanks in advance.

Quoting Stoney
Hello Everyone,

I tell you, VP 7 has really renewed my interest. Try this:

Chart predicted values for Short Term, Medium Term, Long Term Trends, High, Low, Strength, Neural Index and Stochastic.

Primary signal: Neural Index, Strength same side of zero line PLUS Stochastic signaling in same direction.

Confirming signals: High, Low same side of zero line & sloping in trade direction, Short Term & Medium Term sloping in direction of trade.

Split position into 3rds, take profit on 1/3 at 50 pips and move stop to break even, take profit on 1/3 at 100 pips and let rest ride until stopped out or strong resistance met.

Pay attention to support & resistance. I use pivot points calculated using Fibonacci ratios on a weekly basis. VT Trader software does this for me. Whenever possible buy at support and sell at resistance. I use stops from a VT Trader indicator I bought from tradecurrency.ca, but I imagine you could use VP stops. Never risk more than 2-3% of your account on any trade. As always, test it yourself before trading real $$$.

All credit to WilliamK, this is just a modification of the strategy he has been so kind to share.

Good Luck!
Stoney
  • #1,078
  • Mar 19, 2007 9:43am Mar 19, 2007 9:43am
Howdy all,

Since updating to 7.0 I have been testing different methods. The "4 out of 5" method still works well the key is major $$$ managment. Making sure you let your winners run because if you don't you will at best breakeven. http://www.traderchat.com/boards/ima...lies/frown.gif

I can't stress enough that you need to take any method found here or anywhere else with you brokers candles for the Open, High, Low & Close. That is the data that you will be actually entering and exiting when you trade with REAL $$$$. All brokers data is not the same so your results may not be the same as mine but close.

The method that I have come up with and am trading with REAL $$$ on the GbpJpy & GbpUsd. The results for and again using my brokers candles backtested by hand is:

72% for the GbpJpy with 52% of total trades greater than 100pips

71% for the GbpUsd with 50% of total trades greater than 100pips

The chart setup and method is :
Predicted Neural Index (NI)
Predicted Short Term Difference (PSTD)
Predicted Medium Term Difference (PMTD)

When the NI changes to a 1 signaling a Long check to make sure the PSTD is above the PMTD. You have a Long signal

When the NI changes to a 0 signaling a Short check to make sure the PSTD is below the PMTD.

I told you it was KISS(Keep it Simple Stupid) http://www.traderchat.com/boards/ima...ies/tongue.gif

Again I found this to work best on the GbpJpy & GbpUsd

Fellow Pip Hunter

Bill
Attached Image
"When there is no peril in the fight there is no glory in the triumph."
  • #1,079
  • Mar 19, 2007 10:08am Mar 19, 2007 10:08am
Hello Bill...

Thanks very much for sharing your Super Simple System as well as the words of wisdom about MM. Like you, I have been trading with a '4 out of 5' type of system and indeed know about the importance of using $$$ wisely.

There may be other currency pairs that would perform well with your Kiss method, so I will be doing some extra back-testing this week.


http://www.traderchat.com/boards/ima...c/progress.gif

  • #1,080
  • Mar 19, 2007 7:56pm Mar 19, 2007 7:56pm
Is anyone using CSI Data for VP 7.0?

This last data for FOREX has highs and lows about 4 pips apart for many pairs. I 've tried phoning --no good -- they "will call back". Emailing -- no reply.

I've removed the CSI 70 folder and rewritten the files -- little difference.

The CSI tables of prices show this. The VP charts can't cope, naturally.

What is the solution?
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