VantagePoint discussion thread

Quoting zarni

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Hi all,

I recently developed automation for Vantagepoint's signals to plug in straight into MT4. This obviates the necessity to export VP numbers and use excel for additional number crunching and manual order placement. Thus this provides for little to no maintenance for set and forget vp based systems.

Initially I developed this for Beachbum specifically. After some urging from many of my trading buddies I am making this available to the public. The basic package is $200 which provides automated reading of VP indicators into MT4 for usage in MQL code. I have decided on this price based on the anticipated documentation and support I will need to provide as this is not a very straightforward installation of the solution for the lay computer user. I will need to write a manual for usage and currently want to gauge interest before I spend any time on this (I can tell you Beachbum needs one

Any coding modifications geared for specific trading systems (e.g. calculating pmedian etc and other number crunching) of the VP indicators I will have to quote on a case by case basis.

System requirements: Windows 2000/XP, MT4, VantagePoint
Package includes: executable, batch file, MQL code

NOTE: this is not trading system, just automation plugin for VP & MT4

Please feel free to PM me with any questions.

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Quoting williamk

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Sorry hit enter before I even started.
I have backtested and now foward it for the last week with real $$$ using the crossover of the 5day MAs. I always believe in KISS(keep it simple stupid)
In the back testing the results was from cross to cross a disaster. Then I took each trade from cross and checked where the long crosses hit Maximum high and vice a versa short crosses to Maxium Low before it crossed the other direction and found 8 out of 10 trades went atleast 50pips and about 50% of those went over 100pips, also I included the spread using my broker. Most trades last around 3days. I tested this on now 6 crosses since I have to do this by hand.
I went live($$$) since Sept 4 on 14 crosses had to put more $$ into the account because of Margin. I enter once the 5day Predicted crosses and set a 50pip limit on 1/2 the lots and 100pips on the remaining lots then move to BE on the remaining lots.
This week I had 8 trades go more than 100pips that means 150 on 8 of them and 5 that went 50pips and 1 about breakeven.

Bill

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Quoting Stoney

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Hello everyone,

I have recently started forward testing of a simple VantagePoint system and would like to know others' thoughts.

1) Review the major Forex pairs each evening, and choose the one with the sharpest cross of Predicted 10-d MA over Actual 10-d MA (Blue line over Black line).
2) Place an entry order 20 pips inside Predicted Low for long positions, 20 pips inside Predicted High for short positions. Adjust orders for the spread at your broker.
3) Place initial stop 50 pips outside Predicted Low/High.
4) Buy lots in multiples of two. Set a Profit/Limit order target for 1/2 the position at the Predicted High if long, Predicted Low if short.
5) Let the second half of the position run, always keeping the stop 50 pips outside the next day's Predicted Low/High. The exception is never adjust the initial stop against the trade.
6) If not filled, evaluate the Blue vs. Black line the next evening. If the crossing angle still looks favorable adjust entry order for the next day's predicted values.
7) Exit if the Blue line crosses back over the Black line.
8) In a choppy market I might just target the whole position for exit at the profit target (Predicted Low/High) to avoid whipsaws.

I'll post a trading log after I have sufficient data.

Disclaimer: There are no guarantees in life, and definitely not in the forex market. Please use this information with caution and at your own risk.

Thanks,
Stoney

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Quoting zarni

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Beachbum,
if you read the post more closely you may get your answer.
Your system is not included...

The price includes support as my anticipation is I will spend at least some time either walking somebody through the installation and then troubleshooting. I will also have to spend at least some time preparing a manual. spending time on this costs me.
I'd be willing to provide the current software for free but am not willing to spend any time supporting or writing a manual. If you think that the price is not worth it to save yourself at least an hour every day then just move on. I am providing this as perfect addition for set and forget systems. if there are enough people interested and they are technically savvy i will consider lowering the price but i just know the amount of questions I will get once I provide this...

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Quoting BeachBum

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zarni..........

I don't want this to deteriorate into a "flaming" contest, so this will be my last word on the matter:

I went back and read our private communications. I agreed to "share" and work with you on the EA for "OUR" use. There was no discussion about your using this collaboration to develop something that would be offered for sale. Perhaps I was being nieve about this, or there has been a genuine misunderstanding. Either way, my position remains unchanged. Enough said!

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Quoting williamk

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Sorry hit enter before I even started.
I have backtested and now foward it for the last week with real $$$ using the crossover of the 5day MAs. I always believe in KISS(keep it simple stupid)
In the back testing the results was from cross to cross a disaster. Then I took each trade from cross and checked where the long crosses hit Maximum high and vice a versa short crosses to Maxium Low before it crossed the other direction and found 8 out of 10 trades went atleast 50pips and about 50% of those went over 100pips, also I included the spread using my broker. Most trades last around 3days. I tested this on now 6 crosses since I have to do this by hand.
I went live($$$) since Sept 4 on 14 crosses had to put more $$ into the account because of Margin. I enter once the 5day Predicted crosses and set a 50pip limit on 1/2 the lots and 100pips on the remaining lots then move to BE on the remaining lots.
This week I had 8 trades go more than 100pips that means 150 on 8 of them and 5 that went 50pips and 1 about breakeven.

Bill

Ignored

Quoting williamk

Disliked

Sorry hit enter before I even started.
I have backtested and now foward it for the last week with real $$$ using the crossover of the 5day MAs. I always believe in KISS(keep it simple stupid)
In the back testing the results was from cross to cross a disaster. Then I took each trade from cross and checked where the long crosses hit Maximum high and vice a versa short crosses to Maxium Low before it crossed the other direction and found 8 out of 10 trades went atleast 50pips and about 50% of those went over 100pips, also I included the spread using my broker. Most trades last around 3days. I tested this on now 6 crosses since I have to do this by hand.
I went live($$$) since Sept 4 on 14 crosses had to put more $$ into the account because of Margin. I enter once the 5day Predicted crosses and set a 50pip limit on 1/2 the lots and 100pips on the remaining lots then move to BE on the remaining lots.
This week I had 8 trades go more than 100pips that means 150 on 8 of them and 5 that went 50pips and 1 about breakeven.

Bill

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Quoting Stoney

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Here are a few chart patterns that I have found helpful in trading Forex with VP.

When the MT (medium term, green), ST (short term, red) and Neural Index lines align and signal at very nearly the same time, the next few days are usually strong. This helps me choose MA crosses that are more likely to be productive. It doesn't work all the time (nothing does), but it helps.

When the MT line hits the very top or very bottom of its range, the move is usually over.

For those readers who are new to technical analysis, be sure and brush up on candlestick analysis. The charts often show reversal signals via a hammer, grenade or doji before the predicted MA reverses. There are good definitions of candlestick patterns at stockcharts.com

The attached chart illustrates all of these points.

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Quoting Stoney

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Here are a few chart patterns that I have found helpful in trading Forex with VP.

When the MT (medium term, green), ST (short term, red) and Neural Index lines align and signal at very nearly the same time, the next few days are usually strong. This helps me choose MA crosses that are more likely to be productive. It doesn't work all the time (nothing does), but it helps.

When the MT line hits the very top or very bottom of its range, the move is usually over.

For those readers who are new to technical analysis, be sure and brush up on candlestick analysis. The charts often show reversal signals via a hammer, grenade or doji before the predicted MA reverses. There are good definitions of candlestick patterns at stockcharts.com

The attached chart illustrates all of these points.

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Quoting bfs

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let us call this a review of the VANTAGE POINT SYSTEM. i spoke to the salesperson several times, and not once did i get a straight answer; he was reading a script with "canned" answers - answering HIS questions - not mine. i won't bore you with a review of my 30 years of programming ability -- but what they are offering is overpriced, front-loaded, redundant, and weak. i was able to replicate their "system" in a total of seven minutes - any programmer could do the same - it is a 4 bar XMA and an 8 bar XMA. duh. is it 80 percent accurate? yes. maybe i am hardened, but i believe traders should learn the basics and become self sufficient. you know the "teach a man to fish" story? if you talk to the salesperson again - ask him this question and listen to him squirm -- "why, when you are only sending me ONE signal per day for each subscription, do i have to buy (download) your software and pay you a monthly data connect fee so MY computer does all of the work? if you have these thousand of customers all over the world, and they are all getting the same ONE signal per day - why doesn't vantage point simply e-mail the ONE signal?" duh.

hope it helps.
/s/ bfs

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Quoting zarni

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Thought you may be interested in this backtest.
Not fabulous results really.
SL is 100pips

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Quoting Stoney

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Thanks. At least this shows that even with simple MA crosses one makes money. Have you tried different stops? Do you enter at the market or do you use a limit order?

BTW, the VP system I am forward testing is looking okay, although it's become clear that 50 pips outside the predicted Hi/Lo is too loose a stop. Nonetheless it is 170 pips ahead with one closed win, two closed losses, and two open trades which are a total of 50 pips ahead. When these trades close out I am going to start further testing with stops 30 pips outside Hi/Lo.

Stoney

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Quoting bfs

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let us call this a review of the VANTAGE POINT SYSTEM. i spoke to the salesperson several times, and not once did i get a straight answer; he was reading a script with "canned" answers - answering HIS questions - not mine. i won't bore you with a review of my 30 years of programming ability -- but what they are offering is overpriced, front-loaded, redundant, and weak. i was able to replicate their "system" in a total of seven minutes - any programmer could do the same - it is a 4 bar XMA and an 8 bar XMA. duh. is it 80 percent accurate? yes. maybe i am hardened, but i believe traders should learn the basics and become self sufficient. you know the "teach a man to fish" story? if you talk to the salesperson again - ask him this question and listen to him squirm -- "why, when you are only sending me ONE signal per day for each subscription, do i have to buy (download) your software and pay you a monthly data connect fee so MY computer does all of the work? if you have these thousand of customers all over the world, and they are all getting the same ONE signal per day - why doesn't vantage point simply e-mail the ONE signal?" duh.

hope it helps.
/s/ bfs

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Quoting BeachBum

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bfs..........

Your comments here really only target one of the services provided by VP software. I agree with zarni's cooments in post #714, and would like to add that I use the VP predicted price levels for my style of trading. Can you "replicate" this feature of VP software in seven minutes? Because if you can, I am personally interested in learning how, so that I can have predicted highs and lows for more than the ten currency pairs I am currently using with VP. Please share this with us!

As for their "salespeople": poorly trained or unqualified would not stop me from buying something I believe would be useful or beneficial to me. If I've done my research properly and I know what kind of car I want to buy, I don't care about the salesperson at the dealership. "That" person will not even enter into the final decision making process for me and I believe anyone who purchases VP (or anything else for that matter) based on a salespersons "pitch" is asking for trouble. And yes, VP's "retail asking" price is grossly inflated, which is why most of us have purchased at highly discounted prices. Maybe I shouldn't say this: but if you can't negotiate a "deal" with them on pricing, are you really ready to trade the Forex? Something to think about.

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Quoting williamk

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Sorry hit enter before I even started.
I have backtested and now foward it for the last week with real $$$ using the crossover of the 5day MAs. I always believe in KISS(keep it simple stupid)
In the back testing the results was from cross to cross a disaster. Then I took each trade from cross and checked where the long crosses hit Maximum high and vice a versa short crosses to Maxium Low before it crossed the other direction and found 8 out of 10 trades went atleast 50pips and about 50% of those went over 100pips, also I included the spread using my broker. Most trades last around 3days. I tested this on now 6 crosses since I have to do this by hand.
I went live($$$) since Sept 4 on 14 crosses had to put more $$ into the account because of Margin. I enter once the 5day Predicted crosses and set a 50pip limit on 1/2 the lots and 100pips on the remaining lots then move to BE on the remaining lots.
This week I had 8 trades go more than 100pips that means 150 on 8 of them and 5 that went 50pips and 1 about breakeven.

Bill

Ignored