VantagePoint discussion thread

Quoting BeachBum

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It’s time to post what I have been working on and using successfully as a true “set & forget” VP trading system. <o></o>

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But first a disclaimer: I do not advocate anyone using this system to trade real money. I’m posting this for information purposes only! You might want to demo this, fine tune it and develop from it something that works for you. I also want to acknowledge all the help and information provided to me through this forum and privately. My work is a collaboration. <o></o>

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The attached Excel file allows for input of daily VP predictions. Suggested entries, s/l and t/p values are then generated. If you look at the formulas for each value, you can determine the process I have used to arrive at these values. (Please do not ask me to explain these, they are discretionary). I have tried to keep this system as simple as possible.<o></o>

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There is one more tool I use with this system. Early on I learned from Fiji Trader that the best results using VP and a system like this are achieved when trading “with” the trend. However, I was not satisfied with the trend indicators that are part of VP. I tried all kinds of combinations with only fair results. So I set out to find a better indicator. Hundreds of hours of trial and error led me to a very simple and effective indicator. I use a basic four hour chart on MT4 with an attached Stochastic chart (9,7,7 settings). I trade in the direction indicated by this chart. If the Stoch is flat or in some way not providing a clear directional indication, I don’t trade that pair that day. With ten pairs to trade, I don’t need to trade every pair every day. So if the Stoch is pointing up nicely, I put my entry order in for a buy (opposite is true for a sell order). It’s that simple. Using this indicator DOES mean I miss some profitable trades, BUT I miss more unprofitable trades this way. The end result is very positive. I have been using this method for eight weeks without a loosing week. Smallest weekly gain was 215 pips (all single lot mini account trades), best results were 651 pips in a week. Now if someone else can find a better proven trade direction indicator, please share it with us after you have thoroughly tested it. <o></o>

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I usually entered trades at 6 pm est. and closed everything the following day around 4 pm est. But some days, I entered late and closed early; being sure I did not miss a p/h or p/l. Consistency is a requirement. <o></o>

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This is a true 24-hour “set & forget” system, and the numbers above are a result of using it that way. However, I like to manage trades and use discretion. So I have done that on some days with better results. Everyone has his or her own trading style. I just applied mine to the use of this system with very good results, but it’s not necessary. <o></o>

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This is all anyone really needs to know about this system. Some days are loosers, some winners. Some days there aren’t any trades, some days six or seven. For me, the bottom line is that when used consistently as described, every week has been a winner. Consistency and sticking to the system got me very good actual results. Enjoy!<o></o>

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Quoting foggyTrader

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WOW,

Great work BeachBum, thats a very impressive return!

Can you tell me how to access this MT4? Also, do you think CP's signal file could be used as an indicator to trade either way? That maybe something worth testing.

Happy trading folks

Cheers
FoggyTrader

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Quoting Dave1

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BB, does the Neural Index need to be entered as well as the P/H and P/L.

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Quoting BeachBum

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Rex......

Who is your data provider? I use CSI.

I have looked at your attached file and there is a big difference between your numbers and mine.

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Quoting moonchild

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Does anyone have a strong preference for either of these? Is there any good reason for picking one over the other, except for personal preference?

I see where Genesis is referred to but Vantage Point does not seem to mention them.

Is it just a matter of tossing a coin or is there a reason for picking one over the other?

Thank you
Moonchild

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Quoting rex

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Hi, BeachBum
Genesis is my choice.
Rex.

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Quoting BeachBum

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It appears there IS a difference. Fiji had offered to do a comparison for us some time ago. He evidently has not had the time to do this yet, but I believe the results will show one provider is more accurate than the others when used with VP.

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Quoting Rocket

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Hi Beach Bum
would you send me the files I PM'd, it will provide a quick comparison of CSI and CRB wrt time the end of day data is available.

If you have the complete set of files for CSI/CRB and Genesis i can do a comparion of those as well.

regards
Rocket

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Quoting BeachBum

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Rocket................here's what you need:

http://www.forexfactory.com/forexfor...&postcount=213

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Quoting Rocket

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The data on these files is not correctly identified as to source or is completely un readable in excel!!!


Back to square one. Any reason you havent returned my PM, I am surprised?

regards
Rocket

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Quoting Rocket

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The data on these files is not correctly identified as to source or is completely un readable in excel!!!


Back to square one. Any reason you havent returned my PM, I am surprised?

regards
Rocket

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Quoting BeachBum

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Rocket.........

I unzipped the four files contained in this download. I could read the CSI, CRB and Interbank data in Excel. Only the Genesis data was unreadable because of being in a DTA file (not sure what that is?!)

Can anyone help with Genesis history?

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Quoting Dave1

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Hi BB, my sheet shows the same data as yours but what I query is a buy signal (in colum E) from the 4hr stock indicator when the NI trend indicated is (0) (ie downward trend) and vice versa (1) for trending up and a Sell indicated by the 4hr stochastic.

Shouldn't we go with the NI trend indicator rather than against it with the stock indicator.

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