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VantagePoint discussion thread

  • #641
  • Aug 11, 2006 7:45am Aug 11, 2006 7:45am
Quoting witchazel
i had very bad experiences with them. if you really want the software becareful. there isnt a trial and there isnt a garantee, so make sure you really want to risk $6900 before you get it.
Always apply the truism: "Let the buyer beware". Having said that, it is possible to purchase 10 or 12 markets for less than $1000. After trying these, you can add more markets at discounted prices. And you can always call VP and switch markets at no charge. You can rotate the markets you have to find the ones that work best for you. I have often wondered who really needs all 60+ markets from VP. How many can a person trade profitably on a daily basis? I have 10 markets and that keeps me very busy....and I have switched markets several times to refine my selection to the ones that work best for me. Something to think about.

BB
  • #642
  • Aug 11, 2006 7:50am Aug 11, 2006 7:50am
Quoting BeachBum
Always apply the truism: "Let the buyer beware". Having said that, it is possible to purchase 10 or 12 markets for less than $1000. After trying these, you can add more markets at discounted prices. And you can always call VP and switch markets at no charge. You can rotate the markets you have to find the ones that work best for you. I have often wondered who really needs all 60+ markets from VP. How many can a person trade profitably on a daily basis? I have 10 markets and that keeps me very busy....and I have switched markets several times to refine my selection to the ones that work best for me. Something to think about.

BB
BB what are you performance stats on the system the past couple of months? As far as I recall early June the system was not doing too well.
  • #643
  • Aug 11, 2006 8:04am Aug 11, 2006 8:04am
Quoting zarni
BB what are you performance stats on the system the past couple of months? As far as I recall early June the system was not doing too well.
Because the accuracy of VP varies from day-to-day and week-to-week, my system has days and/or weeks of varied performance. However, on average, my VP strategy produces over 1500 pips a month on single lot trades. To achieve this, I MUST trade this strategy everyday without exception. The exceptionally good days are needed to cancel out the not-so-good days. Still not too bad!
  • #644
  • Aug 11, 2006 9:02am Aug 11, 2006 9:02am
Quoting shungos
Thanks zarni, I'll look that over too. When I Just used the NI as a buy sell indicator I actually only got around 50% on average with none over about 54%. The way I got the 74% was to cross check if the NI matched the actual index as calculated by the previous 2 days closes being higher or lower than the actual next 2 days closes.

-shungos
Hi shungos,
although interesting I have doubt that this is useful per se. It may be but i have doubts.
Reason being is the inclusion of the 2 days before closing which essentially means we can have an outlier (significant move in the past 2 days) then and the next 3 days relatively flat...
  • #645
  • Aug 11, 2006 11:49am Aug 11, 2006 11:49am
Quoting BeachBum
And you can always call VP and switch markets at no charge.
Actually, I just talked to a VP rep about that about a week ago... they're changing that policy (now you'll only be allowed to change out markets once, then there will be a charge for switching markets).

~Joe Thesst
  • #646
  • Aug 11, 2006 12:42pm Aug 11, 2006 12:42pm
Quoting thesst
Actually, I just talked to a VP rep about that about a week ago... they're changing that policy (now you'll only be allowed to change out markets once, then there will be a charge for switching markets).

~Joe Thesst

Whhhhaaatttt...!?!?!?

Whats the point of that one?
  • #647
  • Aug 11, 2006 1:12pm Aug 11, 2006 1:12pm
I'll second that................Whhhaaaaattt?!?!?!?!?

Now I can't wait for one of their 'pleasant' sales people to call me with a "special offer".


Quoting thesst
Actually, I just talked to a VP rep about that about a week ago... they're changing that policy (now you'll only be allowed to change out markets once, then there will be a charge for switching markets).

~Joe Thesst
  • #648
  • Aug 11, 2006 10:29pm Aug 11, 2006 10:29pm
You were working on a system called ... Set and Forget .... correct? I talked to VP and they wanted 3k for two markets ... for Pairs Forex and Curriencies for example. I sorta gave up on it then ... not knowing how much it would help? Thanks!



Quoting BeachBum
Not sure what you mean.........what "EA"?

VP helps me with my trading, I use it effectively everyday along with other TA.

BB
  • #649
  • Aug 12, 2006 3:34am Aug 12, 2006 3:34am
Quoting baddison
Whhhhaaatttt...!?!?!?

Whats the point of that one?
Apparently (according to the girl I talked to), they say that some people are taking too much "advantage" of the switching thing and doing it like once a week. They claim that "because our client-base is growing, we simply cannot continue to consume so much tech support time on people switching markets."

So now there's gonna be a "one-time changeout limit", and a charge for each additional changeout.

A complete rip off, if you ask me... for $6,000, seems like one should be allowed to change out markets as often as they wish.
  • #650
  • Aug 12, 2006 9:56am Aug 12, 2006 9:56am
A "Set & Forget" system using VP has been described here in this thread and this one:

http://www.forexfactory.com/forexfo...ht=forward+test

I have stated on numerous occasions that I paid $995 USD for 10 currency pairs, and after using VP for about 9 months, consider this a good purchase............$$$ well spent.




Quoting ut2DaMax
You were working on a system called ... Set and Forget .... correct? I talked to VP and they wanted 3k for two markets ... for Pairs Forex and Curriencies for example. I sorta gave up on it then ... not knowing how much it would help? Thanks!
  • #651
  • Aug 15, 2006 11:54pm Aug 15, 2006 11:54pm
Quoting BeachBum
Always apply the truism: "Let the buyer beware". Having said that, it is possible to purchase 10 or 12 markets for less than $1000. After trying these, you can add more markets at discounted prices. And you can always call VP and switch markets at no charge. You can rotate the markets you have to find the ones that work best for you. I have often wondered who really needs all 60+ markets from VP. How many can a person trade profitably on a daily basis? I have 10 markets and that keeps me very busy....and I have switched markets several times to refine my selection to the ones that work best for me. Something to think about.

BB
it was $2900 for 5 currency pairs. maybe you got the really good discount
  • #652
  • Aug 16, 2006 1:55am Aug 16, 2006 1:55am
Hi Guy's,

Just wanted to post my final reply as I have given up on getting VP to work. I bought it back in December last year with high hopes. However, 9 months down the line and many hours of hard work in my opinion has been a waste of time. Ok, BB claims to work the system well with good profit and good luck to him but I also tried BB's system for a while with different results. Anyway, I contacted the VP sales people and told them I had tried everything I could for the last 9 months but still could not get any profit and they offered me a full refund. I got my refund two days ago and I am just glad not to loose everything. Personnaly I think you would be as well flipping a coin. Good luck everyone and I do sincerely hope you get VP to work, I'm off to get a real job, as they say "don't give up your day job". (which seems appropriate where VP is concerned)

FoggyTrader out...
  • #653
  • Aug 16, 2006 7:34am Aug 16, 2006 7:34am
I am not the only person who bought VP at a substantial discount. It may depend on the sales person you talk to or it could be a matter of timing. But if you want VP, I would suggest you don't give up trying for the deep discount.



Quoting witchazel
it was $2900 for 5 currency pairs. maybe you got the really good discount
  • #654
  • Aug 16, 2006 8:18am Aug 16, 2006 8:18am
Kevin..........

Sorry to read that you have decided to quit VP, I hope you do not quit Forex trading. Getting a refund from VP should soften the disappointment, and I think it shows that the company is reputable. If the software was "junk", everyone who bought it would be in line for a refund.

For the rest of you following this discussion: I stand by what I have written about using VP as a successful trading tool (I have no association or affiliation with the company). VP helps me trade profitably on a daily, consistent basis. But it HAS taken me a lot of time and a lot of work to get to this point. However, I have never participated in any profession that was "a walk in the park". And I am continually refining my use of VP. I do not trade the same VP strategy today that I did three months ago. So if you have VP..........work it! Or perhaps I should say..........make it work for you!

I have enjoyed our personal communications Kevin, and as a recent college grad, I wish you the very best! I hope you don't leave Forex trading behind........be a part of the 5%!




Quoting foggyTrader
Hi Guy's,

Just wanted to post my final reply as I have given up on getting VP to work. I bought it back in December last year with high hopes. However, 9 months down the line and many hours of hard work in my opinion has been a waste of time. Ok, BB claims to work the system well with good profit and good luck to him but I also tried BB's system for a while with different results. Anyway, I contacted the VP sales people and told them I had tried everything I could for the last 9 months but still could not get any profit and they offered me a full refund. I got my refund two days ago and I am just glad not to loose everything. Personnaly I think you would be as well flipping a coin. Good luck everyone and I do sincerely hope you get VP to work, I'm off to get a real job, as they say "don't give up your day job". (which seems appropriate where VP is concerned)

FoggyTrader out...
  • #655
  • Aug 16, 2006 12:00pm Aug 16, 2006 12:00pm
Hi BB and all still on this thread.
I have been trading Forex for going on 3yrs and developed a mechanical system myself generating a average of 300pips a month on average backtested for almost 5yrs. I am always looking to improve my edge (because thats all it is). So I found
I just purchased VP and read all the treads on it(I think). I have downloaded Ur spreadsheet for Set & Forget. I have a couple of ?s.
1) I am familiar with Stochs but can U post a screen shot on the 4hr that was a GO for U and a NOT Go trade.
2) When U place the orders @ the updating say a Short and a Long orders together or do U pick a direction and place a long if the 4hr is saying long?

Thanks
Bill
PS: I hope U don't mind me picking Ur brain
"When there is no peril in the fight there is no glory in the triumph."
  • #656
  • Aug 16, 2006 12:28pm Aug 16, 2006 12:28pm
Sorry BB have another ?

U have a spot on the spread for
Median, Diff, 75% diff
What and how do U use these

Thanks again
Bill
"When there is no peril in the fight there is no glory in the triumph."
  • #657
  • Aug 16, 2006 4:13pm Aug 16, 2006 4:13pm
My explanation on the use of the 4 hour Stochastic was this: At 5:30 PM ET, after having downloaded data from CSI, updating VP predictions and entering the data in my spreadsheet, I look at the slow Stochastic (9,7,7) on the 4 hour chart. I am looking for a strong indicator; ie, good angle and separation of the two lines. For a buy I would like the lines below the 50 level pointing up (opposite for a sell). I will then enter only ONE order depending on the Sto signal. If the Sto is flat, pinched, at an extreme level and turning or in some other way not giving a clear signal, I'll pass on this pair today (tomorrow is another day and I have 10 pairs to choose from). But I will record the data for research purposes. As I've written before, this is not a strategy you can execute blind-folded, I use discretion developed from trading with VP for almost 10 months (this is NOT something that can be taught, only learned from experience and trading REAL $$$).

On the spreadsheet I have included P/M, diff. and 75% diff. for research purposes. This might be a clue for others that my research with VP predictions continues. HTH.

Now williamk, I have shared my strategy with you (and others). How about sharing your 300 pip a month system with us? And might I ask: how long have you been trading this system with "real" money?


Quoting williamk
Hi BB and all still on this thread.
I have been trading Forex for going on 3yrs and developed a mechanical system myself generating a average of 300pips a month on average backtested for almost 5yrs. I am always looking to improve my edge (because thats all it is). So I found
I just purchased VP and read all the treads on it(I think). I have downloaded Ur spreadsheet for Set & Forget. I have a couple of ?s.
1) I am familiar with Stochs but can U post a screen shot on the 4hr that was a GO for U and a NOT Go trade.
2) When U place the orders @ the updating say a Short and a Long orders together or do U pick a direction and place a long if the 4hr is saying long?

Thanks
Bill
PS: I hope U don't mind me picking Ur brain
  • #658
  • Aug 16, 2006 10:38pm Aug 16, 2006 10:38pm
The system I developed is for the 1hr GBPUSD. It is totally a mechanical system, meaning I get a signal to my cell fone and if I am @ a my PC I enter the order or if I am in my car or on the beach call my broker. There is no graphs or indicators to check and make sure everything is in alignment. The system only works in Fibanocci Trader charts for now. Fibanocci Trader allows me to place a indicator within a indicator without being a programmer. The system has a 68pip hard stop and if you want to smooth out the equity graph take half your position @ 93 pips but you give up a bunch of pips. There is usually 1 trade a day on average. The average pips per month is actually 383pips for the 52 months of data I can get. I have been trading the Forex live for going on 3yrs with about 10,000 different system or it seems that way. I have been trading this system live since right after last Christmas after 2yrs of developing and bouncing it off a system designer that I know.
I purchased VP to of course get more pips out of my trades for example 6 trades ago it went positive 409pips but the system closed the trade out with 241pips so you can see the frustration.
I tied to upload the equity graph and the Performance page but it said it was too big so I could email or IM it to you if you want.
I have developed another system for the EurJpy but it is only have as good as the GBP but I'm working on it daily.

Thanks for letting me chew your ear off
Fellow Pip hunter
Bill K
"When there is no peril in the fight there is no glory in the triumph."
  • #659
  • Aug 17, 2006 3:36pm Aug 17, 2006 3:36pm
Quoting BeachBum
Kevin..........

Sorry to read that you have decided to quit VP, I hope you do not quit Forex trading. Getting a refund from VP should soften the disappointment, and I think it shows that the company is reputable. If the software was "junk", everyone who bought it would be in line for a refund.

For the rest of you following this discussion: I stand by what I have written about using VP as a successful trading tool (I have no association or affiliation with the company). VP helps me trade profitably on a daily, consistent basis. But it HAS taken me a lot of time and a lot of work to get to this point. However, I have never participated in any profession that was "a walk in the park". And I am continually refining my use of VP. I do not trade the same VP strategy today that I did three months ago. So if you have VP..........work it! Or perhaps I should say..........make it work for you!

I have enjoyed our personal communications Kevin, and as a recent college grad, I wish you the very best! I hope you don't leave Forex trading behind........be a part of the 5%!
Thanks for the kind words BB, I also enjoyed our personal emails. Hopefully once I have a full-time job and a bit of stability I may rejoin the VP quest. For now however, I plan to just do one trade per month the no-brainer that is NFP day.

Good luck for the future

Kevin
  • #660
  • Aug 17, 2006 3:44pm Aug 17, 2006 3:44pm
Quoting foggyTrader
Thanks for the kind words BB, I also enjoyed our personal emails. Hopefully once I have a full-time job and a bit of stability I may rejoin the VP quest. For now however, I plan to just do one trade per month the no-brainer that is NFP day.

Good luck for the future

Kevin
Good for you Kevin. Very wise decision. There is no reason why you should not limit your trading only to news. Trading news means reducing your risk. I have some systems with PF of above 5 and I still do not see real justification for using them as opposed to pure news trading. My risk exposure at news is 14 pips. Anybody that tells you you are less of a trader for limiting your trading to news only is full of crap or has access to Level II quotes through a lot of major banks
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