Software for identifying trades based on a custom risk-reward/risk capital

This is a discussion on Software for identifying trades based on a custom risk-reward/risk capital within the Trading Software forums, part of the Commercial category; Originally Posted by intradaybill This is a "black box". APS is a "white box". Huge difference. You can't modify the ...

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Old Jul 3, 2010, 9:42am   #31
 
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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Originally Posted by intradaybill View Post
This is a "black box". APS is a "white box". Huge difference. You can't modify the system code and add you own indicators in mtpredictor other than control of position size and exit strategy. In general, EW theory does not tell you when to exit.
BUT, MTPredictor does give you exits!

They have a 4 stage process - which the software does automatically -
1. Find a trade
2. Access your Risk / Reward
3. Determine your Position Size
4. Control your Exit Strategy

Disclaimer: I use MTPredictor so I am biased
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Old Jul 10, 2010, 8:36pm   #32
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Re: Software for identifying trades based on a custom risk-reward/risk capital

I have tried many programs and they were all failures. I was told by someone here that APS is the only program that generates results. Since the product was discontinued I am looking to buy a used copy. Please send pm.
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Old Sep 9, 2010, 6:22pm   #33
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Re: Software for identifying trades based on a custom risk-reward/risk capital

APS was discontinued by tradingpatterns.com because the company went out of business but it is now marketed as Price Action Lab

Very interesting program. More interesting I find the p-indicator.
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Old Sep 25, 2010, 1:47pm   #34
 
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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APS was discontinued by tradingpatterns.com because the company went out of business but it is now marketed as Price Action Lab

Very interesting program. More interesting I find the p-indicator.
The p-Indicator is a very interesting concept. It takes some time to be able to interpret its signals but the SPY journal on the webiste helps a lot.
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Old Jan 7, 2011, 9:55am   #35
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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The p-Indicator is a very interesting concept. It takes some time to be able to interpret its signals but the SPY journal on the webiste helps a lot.
What markets do you trade with this indicator and have you made any money doing it?
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Old Jan 8, 2011, 10:03pm   #36
 
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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What markets do you trade with this indicator and have you made any money doing it?
I trade ETF tickers like QQQQ, SPY, USO and XLF. I also trade futures but I use more the patterns from Price Action Lab because I can backtest the systems. Yes, if you know what you're doing you can do very well with the p-indicator signals but only for short term position trading.
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Old Feb 3, 2011, 9:39am   #37
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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The p-Indicator is a very interesting concept. It takes some time to be able to interpret its signals but the SPY journal on the webiste helps a lot.
Looks like the journal was terminate and instead there is a blog with ETF technical analysis I find very useful

http://www.priceactionlab.com/Blog/2...he-week-ahead/
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Old Feb 11, 2011, 2:58pm   #38
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Re: Software for identifying trades based on a custom risk-reward/risk capital

Anyone with a used license of Price Action Lab for sale pls send pm.
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Old Feb 15, 2011, 10:25am   #39
 
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Re: Software for identifying trades based on a custom risk-reward/risk capital

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Anyone with a used license of Price Action Lab for sale pls send pm.
I upgraded to the new Price Action Lab software not long ago. Support service is excellent. I had a question during the weekend and I received a reply same day. The software price is reasonable for what it does. If you get a "used" license you may have problems getting support and possibly a password to run the program.
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Old Mar 3, 2011, 11:04am   #40
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Re: Software for identifying trades based on a custom risk-reward/risk capital

IMO this software is so low priced relatively to what it can do. You can probably pay for it after 2 or 3 trades if you know what you are doing. Just run a Next-Close p-Indicator scan on SPY and QQQQ for a few days. If you get some good number, enter the trade on the open and go flat by the close. I use options. Look at an example they have on the website from last week:

http://www.priceactionlab.com/Litera...pyresults.html

I think the best way of using this indicator is by spotting switches in sign. NTM options is a good play.
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