Vantage Point Software

This is a discussion on Vantage Point Software within the Trading Software forums, part of the Commercial category; Originally Posted by schoe I tried it too after paying a fortune for two index modules. It is supposed to ...

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Old Aug 28, 2004, 1:24pm   #16
 
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Which Authorities??

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Quote:
Originally Posted by schoe
I tried it too after paying a fortune for two index modules. It is supposed to predict the next days high and low but is too far off with the accuracy to be of any use. It is only any good at telling you the trend which was no better than a moving average. I got my money back after being advised to report them to the authorites in America.
In my opinion it is useless.

Which Authorities in America did you report them to, and what did you do to get your money back??


Thanks
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Old Aug 31, 2004, 11:14pm   #17
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I too responded to a pop-up advert and received a call from the co's salesman. I asked for and got telephone number of one of the users in the UK. I spoke to the user who appeared to be a trader and not a salesman in disguise. The user gave me good information on the software and he seemed to be happy with the software. In the users experience the software produces correct signals 7 times out of ten. He also said once in the trade if you have discipline to manage the trade than the results are pleasing. Furthermore, he also said that the system does what it says on the box.

I was quite tempted to purchase entry level software US$2,900, but having read this and other threads, am not too sure now. There are more negative comments than positive and may be the majority is right. he thread has saved me US$ 2900. Thanks to all the contributors.

regards


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Old Sep 1, 2004, 7:32am   #18
 
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Save your money...

There are commercial systems that work on Commodities that are now in the public domain...

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Old Sep 1, 2004, 11:25am   #19
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Tahnkyou Jonny, I ahve taken notice and not signed up. Please can you elaborate on systmes that work on commodities that are in public domain.


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Old Oct 2, 2004, 10:34pm   #20
Joined Oct 2004
I have been using Vantagepoint for several months and find it certainly pays foir itself if you follow a few simple rules I have learned by experience.

1. Ignore the predicted high and low figures - widely off the mark.

2. Accept the trend change of direction as gospel if the following criteria are met.
a. The existing trend has been in place fopr at least 12 trading days.
b. The PTMdiff figure has moved consistently for four sessions in the same direction.

3. It does not work for FOREX or "day trading".

4. For the DJIA and commodities it is at least 80% following the above rules
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Old Oct 2, 2004, 10:53pm   #21
Joined Mar 2004
vantagepoint is sold on the hype that it "predicts" market turns with allegedly "80% accuracy" (impossible to validate their numbers)... hardly lives up to its claim if "the existing trend has been in place for at least 12 trading days".

Why couldnt a normal moving average be used instead, as VP's "predicted" moving average only seems to pick turns a day or two ahead of a standard MA anyways, with the additional disadvantage of more false "chop" signals.

I'm glad you at least have done well from their stuff, I personally found it to be crap and am of the opinion that Market Technologies, Profit Taker, Vantagepoint et al are peddling snake oil dreams through *very* misleading advertising.

It most certainly does not do what it says on the box.
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Old Oct 3, 2004, 10:56am   #22
Joined Oct 2004
My 12 day rule is in place for two reasons:

1. Reduces (but obviously cannot totally eliminate) the effect of a "choppy" period for the index/commodity.

2. Using Vantagepoint you "miss" the initial profit from a change of direction. eg (1). VP today shows a change of trend direction (up) for the DOW although it has already made gains. My strategy on Monday or Tuesday will be to buy the DOW at around the 10120 level (if possible). eg (2) Dec Coffeee also changed trend direction today (down) although it has peaked this time at about 8500 I will attempt to sell in the 8000 - 8100 region. VP also shows Soya and Cotton about to "bottom" out but needs another two trading sessions to confirm.

See if VP is right on any the above scenarios and then perhaps reaccess VP using various stratagies.
I accept that you could probably reach the same conclusions using charts freely available elsewhere (but VP "predicts" two days ahead, so you have the edge over other systems) but VP has enabled me to focus on a trading strategy that is right 80% or more of the time and has easily realised profits to pay for VP (and more) in the three months I have used it.

The advice I have received from other users is to only trade when the PTMDiff figure has moved consistently in the same direction for four trading sessions and by back tracking on various commodities/financials I can see that if you follow that (and only that!) you would very nicely with VP - I do!
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Old Oct 3, 2004, 11:32am   #23
 
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Quote:
Originally Posted by Oldalbanian
I have been using Vantagepoint for several months and find it certainly pays foir itself if you follow a few simple rules I have learned by experience.

1. Ignore the predicted high and low figures - widely off the mark.

2. Accept the trend change of direction as gospel if the following criteria are met.
a. The existing trend has been in place fopr at least 12 trading days.
b. The PTMdiff figure has moved consistently for four sessions in the same direction.

3. It does not work for FOREX or "day trading".

4. For the DJIA and commodities it is at least 80% following the above rules
So in other words you paid several thousand dollars to see on a chart what anyone else can see by scanning through charts with a moving averages placed on them.

I bought this software as well and thankyou Vantagepoint as I got my money back it is absolutely crap imo ! I fully agree with MartinD's comments it is the worst software I have ever used.
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Old Oct 3, 2004, 12:05pm   #24
Joined Oct 2004
Schoe

Suit yourself!
I bought into coffee at 7250 based on VP at sold at 8320 at £5 a point. Short again tomorrow.
I bought the DOW at 9965 and sold at 10280 , Long again tomorrow all at £10 a point
Short position in Soya at 590 (£40 a point) and Cotton at 5400 (£5 a point) all in the money and still open and based on VP.
Long in Silver at 635 at £50 a point still open
Maybe you can trawl through the charts for free but I would ra\ther pay $4000 to let someone do it for me and it has paid off. Don't wish to be unkind but maybe you just don't know how to use the software!

Last edited by Oldalbanian; Oct 3, 2004 at 12:37pm.
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Old Oct 3, 2004, 12:41pm   #25
Joined Oct 2004
I have opened a new thread:

Vantagepoint - OldAlbanian Trades

I will post on a daily basis as I trade - good and bad so you can judge for yourselves whether VP works or not
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Old Oct 3, 2004, 12:44pm   #26
 
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Quote:
Originally Posted by Oldalbanian
Schoe

Suit yourself!
I bought into coffee at 7250 based on VP at sold at 8320 at £5 a point. Short again tomorrow.
I bought the DOW at 9965 and sold at 10280 , short at the same level and long again tomorrow all at £10 a point
Short position in Soya at 590 (£40 a point) and Cotton at 5400 (£5 a point) all in the money and still open and based on VP.
Long in Silver at 635 at £50 a point still open
Maybe you can trawl through the charts for free but I would ra\ther pay $4000 to let someone do it for me and it has paid off. Don't wish to be unkind but maybe you just don't know how to use the software!
Wow thats great it must be fantastic to make loads of money from watching moving average crossovers. You are not being unkind I would expect you to try to entice people to buy this software which you probably get commission for or are you the developer?

Thankfully I have learnt that trading aint that easy to buy off the shelf software which will make you money consistently. What you need to do is learn to trade by reading price action with volume and simple chart patterns with money management.But most people don't want to do this as it involves work and effort and practice. It took me time to realise that and to stop looking for the Holy Grail, but now I have and am well my way to being a very successful trader.
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Old Oct 3, 2004, 1:02pm   #27
Joined Oct 2004
I do not work for Market Technology and I am not on commission.
I only daytrade Forex (using IFR Market Watch to suggest trades using their technical analysis - they are right more often than they aer wrong!) - but I do not use VP for Forex , and a limited range of commodities/indices for long/medium term positions using VP ie DOW, 5 Yr T note, Wheat, Corn, Soya, Silver, Gold, Light Crude, Heating Oil, Coffee, Cotton.
I will post my VP trades on the other thread on the day I make them so I can't make them up!
Take my word (or not!) for the current open positions.
I wouldn't touch individual equities with a barge pole!
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Old Oct 31, 2004, 3:56am   #28
 
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Just bought it!!

I wish I would have read some of these posts before but am convinced now to return it before even opening it. Oldalbanian, why haven't you posted for a few days?
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Old Oct 11, 2007, 4:05am   #29
 
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Vantagepoint Review

Almost bought the software, but ran across this site.

www.vantagepointsoftware.info
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Old Dec 5, 2008, 8:22pm   #30
 
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The predicted Hi/lows are no better than pivot points. It does give some reassurance when the predicted hi/lows correlate with pivots. The Neural Index is fairly useful but I think it is probably just derived the direction of a moving average.

I had something very interesting happen last night. I opened VP and it was giving me the readings for today before I even did a Data Update... Note sure why, but once I did the Data Update it gave me the same predictions!!! So Who knows, im not a computer programmer so it seems weird to me.

There is absolutely NO Substitute for experience and understanding of market action, money management and most importantly your own Psychology. Vantage POint is simply something I glance at in the evenings, and I just quickly look at the Neural Index. This is akin to only going long or short if markets are above/below the 50SMA... So not secrets here. It does give me a slight boost in confidence if it confirming my own analysis, but only a slight boost. I don't think it's worth $3500. Maybe $250? I imagine Market Technologies makes a flippin killing off of this software. Also the two books that come with it are sub par at best. I got very little out of them on how to analyze the market using Intermarket Analysis other than to follow the software.

On another note Intermarket Analysis DOES Work and is very worth it to look into. Save your $3500, get a mini account, and use proper risk management risking no more than 2% a trade and you will have gained more experience and understanding if you lose it all then slapping it on the table for the Market Technologies team to get rich off of.

I used to truly think there was something to Vantage Point but until I go to their head office and they show me exactly how it works and I find that there's something ACTUALLY to it, I say it's not worth the $3500.
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